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But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.
Persons: , Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia
Body-camera footage released Monday showed the fatal police shooting of the 36-year-old Black woman who had called 911 for help. Here’s what you need to know about the George Floyd Justice in Policing Act, what happened to it and its chances of passing. The measure seeks to ban racial and religious profiling by law enforcement at the federal, state and local level. It would mandate an overhaul of a legal doctrine known as qualified immunity that critics claim shields law enforcement from accountability. But policing reforms have not been a priority in a Congress where House Republicans are in the majority.
Persons: Sonya Massey, George Floyd, White, Sean Grayson, Derek Chauvin, Floyd, Chauvin, Kamala Harris, it’s, , Maria Ponomarenko, Joe Biden, Harris, ” Harris, Biden, Sheila Jackson Lee –, , ” Ponomarenko, Massey, Grayson, , Jesus, ” Grayson, Craig Futterman, ” Futterman Organizations: CNN, George, George Floyd Justice, University of Texas, Austin, Democratic, Senate, Democrats, Texas Democratic, House Republicans, Republicans, , Illinois State Police, University of Chicago, Civil Rights, Clinic Locations: Illinois, Sangamon County, Springfield
The Oklahoma state superintendent vowed on Wednesday to force public schools to comply with his mandate that they teach the Bible and issued striking guidance for teachers, amid pushback from critics who say the move infringes on students’ religious freedom. The guidance comes about a month after Mr. Walters, a conservative Christian and former high school history teacher, directed all state K-12 schools to teach the Bible. The directive was met with swift criticism from school district officials and others who said it infringed on students’ and teachers’ rights to religious freedom. Some school district leaders have responded with defiance, vowing to not comply with the requirement. But in a social media post announcing the guidance, Mr. Walters sought to crack down on any resistance.
Persons: Ryan Walters, Walters Organizations: Republican, United, Constitution Locations: Oklahoma, Independence, American
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Donald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support Trump's presidential bid, days after the Tesla and SpaceX CEO denied a report that he would do so. "Somebody told me he was going to give me 45 million [dollars] a month. I said, 'That sounds like a lot, even for Elon, that's a lot,'" the Republican presidential nominee said. But Musk "never told me he was giving [$45 million]," he said.
Persons: Donald Trump, Elon Musk, Trump, Biden, Joe Biden, Kamala Harris, Musk, Joe Lonsdale, Jordan Peterson Organizations: SpaceX, Musk, Fox News, Elon, Republican, Democratic, Trump, Street Locations: Charlotte , North Carolina, U.S
Read previewLike many tech startups, Posh, an events marketplace platform, was born in a college dorm room. "We pivoted from an event company into a software company," as a result, CEO Price told Business Insider. Last month, the app had over 5,000 events listed on the app, Price said. Advertisement"A big thesis of ours is actually that we can create a new revenue stream for creators by congregating their top 1% of fans IRL," Price added. AdvertisementRead the 12-page pitch deck Posh used to raise its $22 million Series A:Note: The company updated and redacted some figures in the deck.
Persons: , Eli Taylor, Avante Price, Posh, Price, Sam Altman, " Altman, Logan Bartlett, Ariana Nathani Organizations: Service, New York University, Business, Goodwater Locations: Miami, New York
Understanding the Federal Reserve's role in mortgage ratesThe Federal Reserve's actions are a big influencer in where mortgage rates head. In the time since the Fed began raising rates, mortgage rates have climbed steadily. The Fed's impact on mortgage rates FAQsHow does the Federal Reserve affect mortgage rates? The Federal Reserve influences mortgage rates by setting the federal funds rate, which impacts borrowing costs, investor activity, and market conditions. When the Fed raises interest rates, mortgage rates often increase as well, making borrowing more expensive.
Persons: Michael Gifford, Fannie Mae's Organizations: Federal, Federal Reserve, Fed, Treasury, it's, Mortgage Bankers Association, Reserve, Chevron Locations: lockstep
In order for people in prison to use phone or video calls to chat with family, the person on the other line must pay. As of 2021, according to research by the Prison Policy Initiative, they've paid an average of $3 for a 15-minute phone call. The new rules will force a business model change for correctional telecommunications companies as they contend with an estimated $500 million loss in revenue, according to Worth Rises. Only five states have passed legislation to make jail phone calls free, according to Prison Legal News. Wanda Bertram, a communications strategist for the Prison Policy Initiative, said prisons tend to negotiate better contracts with telecommunications companies and, therefore, tend to have better rates for prisoners.
Persons: , they've, Peter Wagner, Viapath, ICSolutions, , Bianca Tylek, Wanda Bertram, Paul Wright Organizations: Service, Federal Communications Commission, Business, FCC, Correctional, Worth, Connect, PBS, Companies, Human Rights Defense Center Locations: ICSolutions, New York , Ohio, Rhode
High-yield savings accounts and standard savings accounts are both federally regulated and liquid. But a high-yield savings account will likely be a stronger choice for storing your money than a traditional savings account. Savings accounts similaritiesHigh-yield savings accounts are essentially the same as any other savings account. Compare savings ratesSavings accounts differencesHigh-yield savings accounts are designed to make your money work in a way typical savings can't. The main difference between the typical savings account and a high-yield savings account is how much more your account will grow.
Persons: they're, you'd Organizations: Federal Reserve Locations: U.S
Insider Today: A historic outage
  + stars: | 2024-07-21 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since then:This story is available exclusively to Business Insider subscribers. You can get the latest on what the political turmoil might mean for businesses, the economy, and markets right here or by downloading the Business Insider app. This week's dispatchMaster/Getty, Yevgeniy Sambulov/Getty, Tyler Le/BIA historic outageComputers at Australian retailer Woolworths froze with the blue screen of death. An update gone wrong from a single company many hadn't heard of before Friday morning brought retailers, banks, hospitals, production lines, and airlines to a halt.
Persons: , It's, Donald Trump, Yevgeniy Sambulov, Tyler Le, Cash, Tesla, Crowdstrike, Jenny Chang, Rodriguez, Slack, de Haro, Gen Z, Rebecca Zisser, Mickey Mouse, Lizzie McGuire, Hannah Montana Organizations: Service, Business, Woolworths, Airline, Microsoft, Getty, Workers, BI Tech, Big Tech, Disney, YouTube Locations: Japan, Alaska
Read previewDuring a rally in Michigan on Saturday, Donald Trump had high praise for Elon Musk, calling the Tesla CEO a "great" and "brilliant guy." Musk came out with an endorsement of Trump on July 13, the day of the assassination attempt. "I read — I didn't even know this, he didn't even tell me about it, but he gives me $45 million a month," Trump said. Related storiesDuring the Saturday rally, Trump said he thinks electric cars are "incredible, but they're not for everybody." It will only help Tesla," Musk said on X on July 16.
Persons: , Donald Trump, Elon Musk, Musk, Trump, Elon, DJT, they're, Biden, Tesla Organizations: Service, Trump, Street, Business, Environmental Protection Agency, Twitter Locations: Michigan
More from Personal Finance:Lower capital gains tax, SNAP cuts: What Project 2025 could mean for your walletMany Americans think they're insulated from climate change. On a website dedicated to Project 2025, the Biden campaign describes the plan as a "blueprint for Trump." However, several former Trump officials have been directly affiliated with Project 2025 and Trump praised the Heritage Foundation in April 2022 in a recently resurfaced video. "As President Trump said, he has nothing to do with Project 2025," said Steven Cheung, a spokesman for the Trump campaign. Earlier this month, the group told CNBC: "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign.
Persons: Donald Trump applauds, Donald Trump, Joe Biden, Biden, Trump, Steven Cheung, we've Organizations: Republican National Convention, Heritage Foundation, Finance, Lower, SNAP, Federal, Trump, GOP, CNBC Locations: Milwaukee , Wisconsin, U.S
In 2007, The Guardian reported that Iran ranked second only to Thailand in the number of gender-affirming surgeries performed. Related stories"They told me I had two options," she told BI. Molkara, who died in 2012, was instrumental in securing the fatwa that legalized gender-affirming surgeries in Iran. Related stories"The questions were so graphic that my mom, at some point, left the room," she told BI. Homosexuality as a sinJavad Sadidi, a Mashhad surgeon who specializes in gender-affirming surgeries, told BI that the process takes a minimum of two years.
Persons: Varamini, He'd, Becca Kia, I'm, Ajoudani, she's, Vahid, Ruhollah Khomeini, Khomeini's, Maryam Khatoon Molkara, Molkara, Khomeini, Kaveh Kazemi, Legal Medicine Organization —, Pooya, Eugene Gologursky, it's, Sadidi, Mahmoud Ahmadinejad, SPENCER PLATT, Elina, Shadi Sadr, who's, Soheil, he's Organizations: Business, Guardian, Eleos, Islamic Revolutionary Guard Corps, Revolutionary Guard Corps, State Welfare Organization of, Australia's Department of Foreign Affairs, Trade, Legal Medicine Organization, BI, Columbia University, Justice, Tristar Media, United, Lancet, Global Surgery, State Welfare Organization of Iran, Mahtaa Institute Locations: Tehran, Shayan, Iran, Thailand, Tehran's, Islamic Republic, Iraq, London, State Welfare Organization of Iran, Iranian American, Mashhad, Shadi, Iranian, Shadi Sadr, United Nations, Karaj, Canada
They've used the extra income to pay off student debt, save for retirement, and afford expensive vacations and weight-loss drugs. Related storiesIn addition to exploring other income streams, Adam said he's trying to take advantage of his extra income while he still can. The best advice he has for anyone who's still overemployed is not to become too dependent on the extra income. "From the start, I made it a point not to integrate the second job income into our bills," he said. Are you secretly working multiple remote jobs at the same time and willing to discuss details about your pay and schedule?
Persons: , Charles, slowdowns, Charles said he's, I've, They've, overemployment, jugglers, they've, Adam, he's, He'd, Tomas, Charles couldn't, he'd, I'd, Joseph, — Joseph, Luke, who's Organizations: Service, Business, LinkedIn, Bureau, Labor Locations: an Arizona, Georgia, Texas,
The Republican convention, which provided a portfolio of memorable (or at least memeable) images, was borne on a typhoon of words. But politics doesn’t speak only the language of policy and platitude. AgainWhen the MAGA movement was born during the 2016 campaign, it was possible to wonder about the specific meaning of the last word. When had America been great, or not been great or stopped being great? On the last night, the original formula was tweaked to “Make America Great Once Again,” which doesn’t yield an easily pronounceable acronym (MAGOA?)
Persons: , ” “, , Trump, MAGA, Donald Trump Organizations: Republican Locations: American, Milwaukee
And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.
Persons: Dana, Bob, , Lee, you’ll, it’s, didn’t, Nobody, , I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, , Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, , Lambs, University of Georgia, , U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIf you had to fly, log in to your bank account, or go for elective surgery, a massive IT outage Friday offered a reminder: We're all in this technical morass together. "And when it's combined with the Microsoft platform, which it was in this instance, that's really going to amplify the disruptions that you're seeing." "It's going to make it harder for the government to issue and maintain regulatory structures," he said of the decision. "That's really not going to happen when you've got 85% of the infrastructure in private sector hands," he said.
Persons: , CrowdStrike, Chris Cummiskey, Cummiskey, Charles Hosner, it's, Hosner, that's, you've Organizations: Service, Business, Cummiskey Strategic Solutions, US Department of Homeland Security, Microsoft, Boston Consulting, LinkedIn, DHS, White Locations: Netherlands, Belgium, Washington
"Should Biden leave the race, we would not immediately change our electoral odds (60% Trump vs. 40% Biden/Dem). However, we would note that the policies of a potential Harris administration would largely align with those of President Biden," Mills said. "The primary market moves on election night will come through the equity side as a result of significant regulatory policy divergences. Under a Biden win, it will be status quo in markets. With a Trump win, [stocks] will get some serious legs," Jefferies chief market strategist David Zervos said in a Friday note to clients.
Persons: Joe Biden, Donald Trump, Biden, Raymond James Washington, Ed Mills, Stocks, Trump, Harris, Mills, MAGA, TD Cowen, Chris Krueger, David Zervos Organizations: NBC, Trump, Biden, Federal, Democratic, Traders, Republican, Democratic Party, GOP, Senate, Jefferies
Risk is extreme Risk is high Risk is negligible Risk is medium Risk is high Risk is low Risk is high Risk is negligible Risk is negligible Risk is medium Risk is extreme Risk is high Risk is extreme Risk is extreme Risk is medium Risk is medium Risk is high Risk is high Risk is high Risk is extreme Risk is high Risk is low Risk is extreme Risk is extreme Risk is extreme Risk is low Risk is low Risk is negligible Risk is extreme Risk is high Risk is extreme Risk is negligible Risk is low Risk is high Risk is negligible Risk is negligible Risk is high Risk is extreme Risk is low Risk is extreme Risk is high Risk is high Risk is low Risk is extreme Risk is low Risk is medium Risk is extreme Risk is low Risk is negligible Risk is mediumIn a small apartment outside Madrid on Jan. 11, 2022, an argument over household chores turned violent when Lobna Hemid’s husband smashed a wooden shoe rack and used one of the broken pieces to beat her. Yes No N/AThe system produced a score for each victim: negligible risk, low risk, medium risk, high risk or extreme risk. Judges can serve as a check on the VioGén system, with the ability to intervene in cases and provide protective measures. The ministry declined to disclose the VioGén risk scores of the 247 who were killed. Of those, 55 had been classified as negligible risk or low risk.
Persons: Lobna, Hemid’s, Bouthaer el Banaisati, Hemid, , VioGén, el Banaisati, Ana Maria Arevalo Gosen, Alice Fang Spanish, , Susana Pavlou, Juan José López, Jesús Melguizo, Antonio Pueyo, Pueyo, , Mr, Juanjo Medina, “ We’re, Francisco Javier Curto, ” Francisco Javier Curto, The New York Times José, Sindicato, Serafín Giraldo, Escarraman, Stefany González Escarraman, Williams Escarraman, Escarraman’s, Eva Jaular, Jaular, Elisabeth, Ana María Arévalo, Luz, ” Luz, you’ve, María, it’s, Agudo, Ossorio, Fernando Grande, Amelia Franas, Police haven’t, Melguizo Organizations: Jan, The New York Times, VioGén, Interior Ministry, New York Times, Spanish, Council of, Mediterranean, of Gender Studies, The Times, University of Barcelona, Police, Basque Country, Times, University of Seville, United Association of Civil Guards, , The New York Locations: Spain, Madrid, The New York Times Spain, United States, Netherlands, Britain, Canada, Germany, Catalonia, Basque, Seville, VioGén, Alicante, Liaño, Spanish, Southern Spain, Granada, Morocco
Read previewFormer President Donald Trump said the Federal Reserve should not cut interest rates before the presidential election, according to an interview he did with Bloomberg Businessweek. The Federal Open Market Committee has two interest rate decisions scheduled before the election in July and September. "I think it's past time for them to cut interest rates," Zandi said. During a February interview with Fox News, Trump accused Powell of being "political" and planning interest rate cuts to coincide with the election. "I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."
Persons: , Donald Trump, Trump, Jerome Powell, Mark Zandi, Powell, Zandi, Claudia Sahm, Sahm, he's Organizations: Service, Federal Reserve, Bloomberg Businessweek, Business, Democratic, Federal, Reserve, Banking, Housing, Urban Affairs, Fed, New Century Advisors, Fox News, Stanford's Business, Government, Society, Trump, Wall Street
In today's big story, Amazon wants to stop employees skirting in-office mandates by tracking their hours spent in the office . The big storyPunching the clockGetty Images; Jenny Chang-Rodriguez/BIAt Amazon, coffee is for closers people who spend at least 2 hours in the office. AdvertisementBusiness Insider's Eugene Kim has a report on Amazon monitoring the hours its corporate employees spend in the office . Amazon and its employees have been in an ongoing battle over its return-to-office mandate, which was first announced early last year. AdvertisementFor Amazon employees, the RTO mandates have been shrouded in mystery and confusion.
Persons: , you've, Jenny Chang, Rodriguez, Eugene Kim, it's, Eugene, they've, Justin Sullivan, Getty, Dell, Polly Thompson, Lizzie Reed, Goldman Sachs, Mark McQueen, Elizabeth Reed, Donald Trump's, Fundstrat's Tom Lee, Russell, Deena So'Oteh, Greg Warnock, Warnock, Elon Musk, Tesla, Stephen Pasterino, Rachel Katzman's, Jennifer Aniston, Johnson, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Denver Airport, Business, Amazon, Foods, Dell, Computer, Workers, Goldman, Walmart, Treasury, Netflix, SpaceX, Lone Star State, Northeast, BI, Olympic, United Airlines, Johnson Locations: it's, Corporate America, Utah, California, Texas, Paris, Seine, New York, London
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks that Taiwan should pay the U.S. for defense, claiming that the country "doesn't give us anything." Beijing considers democratically governed Taiwan as a part of its territory, and Chinese President Xi Jinping has previously said reunification with the mainland was "a historical inevitability." Trump said, "Taiwan should pay us for defense." Taiwan doesn't give us anything," he added.
Persons: Donald Trump, Xi Jinping, Trump Organizations: U.S, Former U.S, Bloomberg Businessweek, Republican Locations: Butler , Pennsylvania, Taiwan, China, Beijing
Read previewAmazon is now monitoring the hours corporate employees spend in the office. This move is intended to crack down on people who are trying to skirt the company's return-to-office policy, Business Insider has learned. Coffee badging refers to employees who badge in, get coffee, and leave the office shortly to satisfy their return-to-office mandate. 'Like high school students'Many Amazon employees shared their frustrations with the new mandate, the Slack messages showed. One person wrote that people will act like high-school students "if you treat employees like high school students."
Persons: , Slack, Andy Jassy, Margaret Callahan, haven't, Callahan, we're, Mike Blake, It's Organizations: Service, BI, Business, Amazon, Reuters, Owl Labs, WFH Research, Foods
The company runs an annual employee engagement survey called "Tell Dell." "Frankly, most people I work with were expecting a steeper decline," said another Dell employee. The results are covered in detail with every team member along with action plans to address employee concerns," one Dell employee explained. Related stories"It's as if every leader was given the OK to ignore it," said one Dell employee. "In the Tell Dell Survey, our team members shared that they believe their leaders treat them with respect, uphold the company's Culture Code values and offer flexibility to balance work/life."
Persons: , there's, Dell, I've, Jenn Saavedra, Saavedra, Brandon Bell Organizations: Service, Business, Dell, Employees, Tell Dell Survey, Getty, Workers, Wall, Deutsche Bank, Deloitte Locations: Texas, Rock , Texas
If enacted, Project 2025 would bring major changes to Americans' finances. "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign," a spokesperson from Project 2025 said in a statement. "We are a coalition of more than 110 conservative groups advocating policy and personnel recommendations for the next conservative president." "But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement," the organization said. While some of the changes proposed in Project 2025 could happen via executive action, many would need congressional approval, which could prove difficult in a divided government.
Persons: Donald Trump, Trump, Joe Biden, Biden, Zers, we've Organizations: Heritage Foundation, Trump, Finance, America Locations: Philadelphia
I’m not going to speculate about the effect of Saturday’s attempted assassination of Donald Trump on the 2024 presidential race. But two things are true at the same time: Political violence is unacceptable, full stop. And the efforts by Trump and his most hard-core supporters to undermine American democracy continue to be unacceptable. As Republicans head into their convention this week, it’s important to understand the potential ramifications of both their official platform, about which I wrote last week, and their unofficial aspirations, embodied by Project 2025. How radical is the Project 2025 agenda?
Persons: I’m, Saturday’s, Donald Trump, Trump, Trump’s, MAGA, Kevin Roberts, Organizations: Heritage Foundation, Trump, Leadership Locations: American
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