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☆ Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.
▼ + stars: | 2024-09-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Khurana thinks what has made boomers the wealthiest generation — stocks and housing — also makes them a risk to economic stability. AdvertisementSuch a scenario is an '"underappreciated risk," he said, given how much boomers' spending habits have fueled economic growth in recent years. The demographic spends around $548 billion a year, more than any other generation, according to a report from marketing research firm Epsilon. AdvertisementBroken down by each generation's holdings of property and stocks, boomers accounted for 42% of all real estate ownership and 54% of all corporate equity and mutual fund ownership. That's not to say boomers will cause the next recession, but the risk during a recession is dialed up under the current paradigm, Khurana said.

Persons: —, America's, Brij, Khurana, boomers, they've, John Hussman, That's Organizations: Service, Wellington Management, Business, McKinsey & Company, New York Fed, Epsilon, New, Boomers, Federal Reserve, Governors Boomers, Governors Locations: New, New York, Florida and Texas

☆ Indian female wrestler is disqualified from gold medal match after making Olympic history
▼ + stars: | 2024-08-07 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

Despite being disqualified from the gold medal match just hours after she made Olympic history, Vinesh Phogat is still being hailed by many online for her bravery and resilience. The wrestler from Team India, who on Tuesday became the first woman from her country to make the Olympic finals, will not be participating in the women’s wrestling 50kg gold-medal match due to being "a few grams" over the weight class, according to the Indian Olympic Association. The Indian Olympic Association didn’t elaborate on the matter and requested privacy for Phogat. In a January 2023 letter, the group accused Singh of sexual harassment against several young female wrestlers. Indian wrestler Vinesh Phogat is detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023.

Persons: Phogat, USA’s Sarah Hildebrandt, Yui Susaki, Ukraine’s Oksana Livach, Cuba’s Yusneylis Guzman Lopez, Brij Bhushan Sharan Singh, Singh, Singh “, ”, Vinesh Phogat, Arun Thakur, ” Phogat, Brij Bhushan, India’s, Narendra Modi, Modi hasn’t Organizations: Team India, Indian Olympic Association, Wrestling Federation of India, Tokyo, Getty, “, ”, Indian Express Locations: Wednesday’s, Japan, New Delhi, AFP, Phogat, “

☆ India’s UPI: How e-payments have taken over, from sari shops to street food stalls
▼ + stars: | 2024-04-29 | by ( Amy Gunia | ) edition.cnn.com time to read: +6 min

“Digital payments are likely to enhance India’s growth by eliminating frictions, increasing efficiency, and reducing costs,” Eswar Prasad, an economics professor at Cornell University, told CNN. Covid-19 further boosted the adoption of digital transactions, as people tried to protect themselves from the virus. In 2023, the number of UPI transactions topped 100 billion. Azeez, a 34-year-old rickshaw driver in Old Delhi, told CNN that he’s too scared of losing money to use e-payments. Sania Farooqui/CNNConvenience aside, India’s digital public infrastructure has helped it achieve an 80% financial inclusion rate.

Persons: Brij Kishore, ”, Agarwal, tuk, India’s, Narendra Modi, Eswar Prasad, Old Delhi Sania Farooqui, Ramesh Kumar's, Sania Farooqui, Ramesh Kumar, he’s, Azeez, Prasad, Kapil Sharma, “ Organizations: Hong Kong / New Delhi CNN, ”, Unified, “, frictions, Cornell University, CNN, “ UPI, India, National Payments Corporation of India, UPI, Sarojini, Finance, Eiffel Locations: Hong Kong / New Delhi, Chandni, India’s Old Delhi, Delhi, India, Old Delhi, Sarojini, Covid

☆ Time’s 100 Most Influential People: Five icons you should know from the 2024 list
▼ + stars: | 2024-04-18 | by ( Leah Asmelash | ) edition.cnn.com time to read: +7 min

TIME released its list of the 100 Most Influential People for 2024 on Wednesday. The annual list, which asks cultural and political icons to highlight the changemakers of the past year, features dozens of athletes, entertainers, artists and politicians. Beninese music legend Angélique Kidjo wrote about Nigerian artist Burna Boy, who in turn wrote about rapper 21 Savage. Shawn Fain, UAW PresidentPresident Joe Biden wrote about Shawn Fain, president of the United Auto Workers, for TIME. Mohammed Abed/AFP/Getty ImagesAt just 25 years of age, Motaz Azaiza is the youngest person on this year’s TIME list.

Persons: Alex Rodriguez, Patrick Mahomes, Amy Poehler, Maya Rudolph, Raquel Willis, Elliot Page, Angélique Kidjo, Burna Boy, Taraji P, Henson, Coleman Domingo, Shawn Fain, Joe Biden, Tom Williams, ” Fain, Biden, “, —, Fain, ” Biden, Motaz Azaiza, Yasmeen Serhan, Mohammed Abed, Azaiza, Instagram, ” Serhan, CNN —, ” Azaiza, ” Jenni Hermoso, Jenni Hermoso, Mana Shim, Fran Santiago, Luis Rubiales, Hermoso’s, Rubiales, Hermoso, “ Hermoso, ” Shim, Sakshi Malik, Nisha Pahuja, Brij Bhushan Sharan Singh, Manish Rajput, Malik, Singh, ” Malik, Bhushan Sharan Singh’s, ”, Yulia Navalnaya, Russia’s, Alexei Navalny, Kamala Harris, Monika Skolimowska, Alexey Navalny, Putin, “ Putin, Navalnaya, “ Navalnaya, ” Harris Organizations: CNN, TIME, United Auto Workers, UAW, Toyota, Honda, Hyundai, Getty, “, UEFA Women's Nations League, UEFA, Spanish Women’s National Team, FIFA, Wrestling Federation of India, India Today, Delhi Locations: Dua Lipa, Gaza, AFP, Palestinian, Spanish, American, Indian, Rio ., Europe, Berlin, Paris, Hague, ”, Russian, Russia

☆ Florida man sentenced to 14 months in prison for threatening to kill Chief Justice John Roberts
▼ + stars: | 2024-04-02 | by ( Devan Cole | ) edition.cnn.com time to read: +1 min

CNN —A Florida man was sentenced Monday to 14 months in prison for threatening to kill Chief Justice John Roberts last year. Neal Brij Sidhwaney, 43, of Fernandina Beach, Florida, pleaded guilty in December to transmitting an interstate threat to kill. The department did not identify which justice was the target of the threatening phone call, but online court documents revealed the threat was made against Roberts. “The identified official is Chief Justice John Roberts whom he allegedly contacted by phone call and threatened to kill,” according to a competency assessment of Sidhwaney previously filed online with a federal court in Florida. In a separate case, a California man charged with attempting to murder Justice Brett Kavanaugh has pleaded not guilty.

Persons: John Roberts, Neal Brij Sidhwaney, Sidhwaney, “, Roberts, Brett Kavanaugh, Nicholas Roske, CNN’s Mary Kay Mallonee, Holmes Lybrand Organizations: CNN, Justice Department Locations: Florida, Fernandina Beach , Florida, California, Kavanaugh’s, Washington

☆ A strong exit interview could help transform a company's culture and bottom line. Here are the 5 best and worst questions to ask.
▼ + stars: | 2024-01-25 | by ( Mariette Williams | ) www.businessinsider.com time to read: +8 min

Exit interviews are a valuable tool for companies that want to make their workplaces better. Exit interviews are an effective tool for companies looking to make their workplaces better. "Exit interviews are seen as uncomfortable, time-consuming, and just plain inconvenient," Peter James, an executive leadership coach, told Business Insider. "Exit questions need not be complex but should ideally address what we know, what we think we know, and what we should know," James said. "By the time an employee has made it to the exit interview, they've already submitted their resignation letter or email.

Persons: —, Peter James, Chris Bellezza, James, Burgette White, White, Burgette, Desmond Attmore, Brian Wright, it's, I've, Devika Brij, Brij, Attmore, they've, They've Organizations: Service, Adecco, Employees, Staff Locations: America

Notably, the report suggested that inflation was not as powerful a force as it had been a few months back. These numbers point to a strong spring, especially with the Fed getting more dovish. “Both changes would support the economy and extend growth, but also likely weaken the US dollar,” Khurana says. Businesses are entering 2024 in a positive mood, according to Dun & Bradstreet’s quarterly Global Business Optimism index released on Tuesday. The National Association of Homebuilders’ sentiment index improved in January to its highest level since September.

Persons: “, ”, David Russell, Chip, ” Brij, Khurana Organizations: Federal Reserve, “, Fed, Wellington Management, National Association of Locations: York, Dun

Job openings unexpectedly rose in August by 690,000 in a surprise that was led by a jump in demand for workers in business services, the Labor Department reported on Tuesday. Job openings rise to 9.6 mil from 8.8 mil last month. That means analysts will wait for other data on the job market out this week to see whether the job openings report is an anomaly. The job openings data lag the other labor market reports this week by a month. On Friday, the government will release its monthly jobs report for September with analysts looking for a continued moderation in the pace of growth in employment.

Persons: “, ” Kathy Jones, Charles Schwab, ”, Geno Cutolo, Mark Hamrick, ” Hamrick, Brij Khurana, Khurana Organizations: Labor Department, Charles, Charles Schwab Center, Financial Research, Federal, Wellington Management Locations: North America

☆ Bail extended for Indian wrestling federation chief in sexual harassment case - ANI
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, July 20 (Reuters) - A New Delhi court on Thursday extended the bail granted to the chief of India’s wrestling federation who has been accused of sexually harassing female wrestlers, Reuters' TV partner ANI reported. Brij Bhushan Singh, chief of Wrestling Federation of India, who is also a federal lawmaker from Prime Minister Narendra Modi’s Bharatiya Janata Party, was granted interim bail for two days on Tuesday, which has now been converted to regular bail. "The court imposed several conditions while granting bail," ANI reported, including that the accused will not "directly or indirectly" induce complainants or witnesses, and will not leave the country without the court's permission. The next hearing in the case will take place on July 28, ANI reported. Six female wrestlers lodged a complaint against Singh for alleged sexual harassment and intimidation during training camps and international competitions.

Persons: Brij Bhushan Singh, Narendra Modi’s, Singh, Sakshi Dayal, Bernadette Baum Organizations: Reuters, Wrestling Federation of India, Narendra Modi’s Bharatiya Janata Party, Thomson Locations: DELHI, Delhi

☆ India's women wrestlers push for reforms after sexual harassment case
▼ + stars: | 2023-07-03 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

[1/4] Simran Ahlawat, a wrestler, practices wrestling with another male wrestler at an akhara in New Delhi, India, June 19, 2023. The Dahiyas, along with nine female wrestlers and their parents to whom Reuters spoke, were determined that none of the young women would give up the sport, however. Instead, they are setting their eyes on WFI elections set for July to achieve their demand for reforms of a system that provides guidance to more than 53,000 young female wrestlers. "I can assure you that every girl will feel protected and we are working towards addressing all the concerns raised by female wrestlers," Sports Minister Anurag Thakur told Reuters. Yet in Haryana, home to more than 5,000 large and small wrestling schools with a history of turning out some of India's top female athletes, women wrestlers expressed dismay.

Persons: Simran Ahlawat, aghast, Brij Bhushan Sharan Singh, Narendra Modi's, Singh, Mona Dahiya, Deepika, Virendra Singh, Rajesh Ahlawat, Anurag Thakur, Anjani Kashyap, Rupam Jain, Clarence Fernandez Organizations: REUTERS, KHARKHODA, Wrestling Federation of India, Reuters, Sports Authority of, Sport, Rights Alliance, International Olympic Committee, Thomson Locations: New Delhi, India, Haryana, Kharkhoda, Sports Authority of India

☆ Brij Bhushan Sharan Singh: India's wrestling chief charged in sexual harassment case
▼ + stars: | 2023-06-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

CNN —Delhi police on Thursday formally pressed charges against Indian wrestling chief Brij Bhushan Sharan Singh, following weeks of protests by female athletes over claims of sexual harassment. Singh has been accused of assault, stalking, and sexual harassment, senior Delhi police official Suman Nalwa told CNN. Singh, who denies all allegations of sexual harassment, has not been arrested. CNN has reached out to Singh and some wrestlers who have participated in the protests for comment. The allegations against Singh came to light in January, when several leading wrestlers demanded an inquiry into claims of sexual harassment by younger athletes against him.

Persons: Brij Bhushan Sharan Singh, Singh, Suman Nalwa, “, ”, Nalwa, Singh –, Narendra Modi, Brij Bhushan Singh, Arun Thakur, Vinesh Phogat, Sakshi Malik, Malik, Sangeeta Phogat, Vinesh Organizations: CNN, Delhi, Bharatiya Janata Party, BJP, Supreme, Getty, Police, Indian Olympic Association, Twitter Locations: Singh, Delhi, New Delhi, AFP, New, Phogat

☆ Indian police charge lawmaker with sexual harassment in case brought by female wrestlers
▼ + stars: | 2023-06-15 | by ( Rupam Jain | ) www.reuters.com time to read: +2 min

Public Prosecutor Atul Srivastav read out the charges at a court hearing in the capital New Delhi. A police source said last week more than 155 people have been questioned in the investigations against Brij Bhushan Sharan Singh, a member of parliament from Prime Minister Narendra Modi's party. The investigations followed months of complaints by the country's top wrestlers, including several Olympic and Asian Games medallists. Amid mounting outrage, the wrestlers suspended their protest after Sports Minister Anurag Thakur promised a June 15 deadline to conclude the probe into Singh. Reporting by Rupam Jain; Writing by Raju Gopalakrishnan; editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Brij Bhushan Sharan Singh, Narendra Modi's, Atul Srivastav, Singh, Amit Shah, Anurag Thakur, Rupam Jain, Raju Gopalakrishnan, Shri Navaratnam Organizations: Wrestling Federation of India, Indian, Bharatiya Janata Party, BJP, Games, Sports, Singh, Thomson Locations: Colonelgunj, DELHI, New Delhi

☆ Top Indian wrestler accuses government of silence over sexual harassment probe
▼ + stars: | 2023-06-10 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

[1/7] Indian wrestler Vinesh Phogat poses for a picture, after an interview with Reuters, at her residence in Sonipat, northern state of Haryana, India, June 10, 2023. REUTERS/Anushree FadnavisSONIPAT, India, June 10 (Reuters) - An Olympic wrestler on Saturday criticised the pace of a police inquiry into sexual harassment accusations against the chief of India's national wrestling body. Phogat is one of seven female athletes to have lodged a police case against Singh accusing him of sexually harassing them. Singh, who is also a federal lawmaker from Modi's ruling party, has denied allegations of making sexual advances, groping and threatening female athletes if they refused to meet him alone. Delhi Police have filed two cases against Singh, including one under the Protection of Children from Sexual Offences Act.

Persons: Vinesh, Brij Bhushan Sharan Singh, Narendra Modi's, Singh, Phogat, Modi, It's, Anurag Thakur, Thakur, Amit Shah, Rupam Jain, Amlan Chakraborty, Mike Harrison Organizations: Reuters, REUTERS, Wrestling Federation of India, Delhi Police, Sexual, Commonwealth Games, Olympic, Thomson Locations: Sonipat, Haryana, India, SONIPAT

☆ Indian wrestlers suspend protest after promise of swift probe of federation chief
▼ + stars: | 2023-06-07 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

NEW DELHI, June 7 (Reuters) - India's top wrestlers said they had decided to suspend protests on Wednesday after the country's sports minister promised a swift probe of their federation chief who they accused six months ago of sexually harassing female athletes. The wrestlers have been camping in New Delhi for months seeking the arrest of Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied the allegations. Singh, a six-time member of parliament, has been accused of sexually assaulting seven female athletes, including a minor. His lawyer rejected all the allegations levelled by the wrestlers and said Singh was cooperating with the police in the probe. It has also threatened to suspend WFI if it fails to hold a fresh election this month.

Persons: Brij Bhushan Sharan Singh, Singh, Narendra Modi's, Bajrang Punia, Anurag Thakur, Punia, Sakshi Malik, Vinesh Phogat, . Sports Minister Thakur, Joanna Maranhao, Sakshi Dayal, Hritika Sharma, Bill Berkrot, Raju Gopalakrishnan Organizations: Wrestling Federation of India, Narendra Modi's Bharatiya Janata Party, BJP, Sports, Tokyo, . Sports Minister, Rights Alliance, International Olympic Committee, IOC, Thomson Locations: DELHI, New Delhi, Asian

☆ India violence against women: Brutal killings of two young girls show one of country's biggest problems is only getting worse, advocates say
▼ + stars: | 2023-06-07 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +7 min

Advocates had hoped the shocking murder case would represent a watershed moment in India’s approach to violence against women. In fact, as others like Swati Maliwal, chairperson of the Delhi Commission for Women, point out, such crimes are becoming more common. Violence against women has prompted past protests with calls for greater government action. She’s concerned that it suggests a societal apathy towards violence against women and girls, or worse, acceptance. “I think why the recent case is so shocking is it happened so blatantly in a public place,” Kothari said.

Persons: bludgeoned, Jayna, we’ve, ”, Kothari, “, ” Kothari, Swati Maliwal, Sayantan Chakraborty, there’s, Yogita Bhayana, shaming, ” Bhayana, Maliwal, Brij Bhushan Sharan Singh, Mantar, Sanchit Khanna Organizations: CNN, Delhi Commission, Women, Pacific Press, Crime Records, Wrestling Federation of India, Hindustan Times Locations: India, ”, Delhi, Gujarat’s Surat district, “

☆ Indian athletes to toss medals into Ganges as they demand official's arrest
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 30 (Reuters) - India's top wrestlers have threatened to hurl their medals into the river Ganges on Tuesday as they demand the arrest of the head of the Wrestling Federation of India over sexual harassment allegations. Singh has been stripped of his administrative powers but the wrestlers are seeking his arrest over allegations of sexual harassment against female wrestlers. "For us, our medals are sacred, and so is the river Ganges," they said in a statement in Hindi. "This holy river is the perfect custodian of our medals, not the system that shields the offender." The athletes said that after throwing their medals into the river they would return to New Delhi to begin a hunger strike at the India Gate war memorial.

☆ India's top female wrestlers detained in New Delhi as Modi inaugurates new Parliament
▼ + stars: | 2023-05-29 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

According to Malik, one of India’s most celebrated female wrestlers, some protesters were peacefully marching to Parliament when scuffles broke out with police. Indian wrestlers Sangeeta Phogat and Vinesh Phogat struggle as they are detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Indian wrestler Sakshi Malik is detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Indian wrestler Vinesh Phogat is detained by the police while attempting to march to India's new parliament in New Delhi on May 28, 2023. Prime Minister Narendra Modi addresses at the inauguration ceremony of the new Parliament House, in New Delhi on Sunday, May 28, 2023.

☆ Top Indian wrestlers detained as protest against federation chief intensifies
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 28 (Reuters) - Several of India's top wrestlers, including Olympic medallists Bajrang Punia and Sakshi Malik, were detained by police on Sunday as they intensified their protest demanding the arrest of their federation chief over sexual harassment allegations. The wrestlers originally hit the street in January demanding action against Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh, who has denied allegations of sexually harassing several female athletes. The wrestlers resumed their protest on April 23 demanding Singh's arrest and have since been camping near the new parliament building which Modi inaugurated on Sunday. "They broke the barricades and didn't follow police directions," senior Delhi Police officer Dependra Pathak told local media. Malik, who won the women's 58kg freestyle bronze at the 2016 Rio Olympics, shared photos and video of the wrestlers being dragged away by the police.

We’ve dedicated (our lives) to our country.”Wrestlers perform exercise drills at the protest site in Jantar Mantar, New Delhi, on April 28, 2023. Vijay Bedi/CNNIn January, India’s sport ministry said it would investigate the sexual harassment allegations, but three months on, the wrestlers say the government hasn’t moved swiftly enough. Olympic medalist Sakshi Malik told CNN that back in January the wrestlers’ allegations were met with apathy, adding there was no transparency with the governing body’s initial investigation. Support for wrestlers growsBy midday on Friday, the protest site swells with supporters, young and old. India’s legal system is notoriously slow, especially when it comes to allegations of sexual harassment owing to a large backlog of allegations.

☆ Indian players resume protest against federation chief
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree FadnavisNEW DELHI, April 24 (Reuters) - India's top wrestlers have resumed their sit-in protest in New Delhi demanding "immediate arrest" of their federation chief after accusing him of sexually harassing several female players. They have also moved the country's top court seeking registration of a first information report (FIR) against Wrestling Federation of India (WFI) President Brij Bhushan Sharan Singh. He also sought support for the wrestlers, who have been camping at the protest site since Sunday. I request all the athletes of the country, all the players, to come and join us," said the 29-year-old. The sports ministry asked the Indian Olympic Association (IOA) on Monday to form an ad-hoc committee to run the WFI and hold fresh election within 45 days.

☆ Top Indian wrestlers accuse sports body chief of sexual harassment
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Anushree FadnavisNEW DELHI, Jan 19 (Reuters) - Olympic medal-winning Indian wrestlers have accused the chief of their sport's governing body and its coaches of sexually harassing female players and have vowed to protest until the federation is disbanded and its head investigated. The athletes say they know five or six players who have in the past been victims of harassment. The wrestlers met sports ministry officials on Thursday and were given "assurances" of action, Malik, The first Indian female wrestler to win an Olympic medal, told reporters at the protest site. Punia, one of India's top male wrestlers, Malik and Phogat said they would not take part in any tournaments until adequate action was taken and the wrestling federation was disbanded. Reporting by Shivam Patel in New Delhi; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

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