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Search resuls for: "Berkowitz"


9 mentions found


☆ Instead of paying adults more, some states might let companies hire kids as young as 14 to fill the labor shortage
  + stars: | 2023-02-13 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +7 min
Republicans in some states are proposing exceptions to child labor regulations. Lawmakers in Iowa and Minnesota have introduced legislation in the last month proposing exceptions to child labor regulations in their respective states, due to the persisting labor shortage hitting them particularly hard. "A lot of the child labor jobs are menial jobs and those skills aren't transferrable," she said. The proposed laws skirt around the child labor requirements outlined by the Fair Labor Standards Act of 1938. Research shows that these workers aren't averse to meatpacking work entirely — they're just not willing to do it for the current wage standard.
☆ Missouri bill aims to outdo Florida's 'Don't Say Gay' by banning school staff from discussing sexual orientation with students
  + stars: | 2023-02-09 | by ( Sinéad Baker | ) www.businessinsider.com   time to read: +3 min
A Missouri bill would stop school staff talking to children about LGBTQ issues without parental consent. It goes further than Florida's "Don't Say Gay" law, introduced last year. The bill is similar to Florida's Parental Rights in Education Act, dubbed the "Don't Say Gay" bill by critics. Moon said at the the hearing that he only meant to ban talking about LGBTQ relationships, according to the Missouri Independent. But he was challenged by other lawmakers, who said the bill does more far than that, the report said.
☆ Ojo, a home-listings site aiming to rival Zillow, sells its Canadian operations to Royal Bank of Canada and raises funds from Vista Equity Partners in combined deal of nearly $200 million
  + stars: | 2023-02-07 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +3 min
Home-listings company Ojo Labs sold its Canadian operations to the Royal Bank of Canada. The transactions, totaling nearly $200 million, will help Ojo navigate a bumpy housing market. "We put the company in an extremely healthy cash position, while others are having to retrench," Berkowitz told Insider. These services can differentiate Ojo from Zillow and Realtor.com, which are most intently focused on the home transaction. CoStar, the real estate data giant that's reached a dominant position in commercial real estate data, has recently trained its eye on residential listing platforms.
☆ Jobs report to give clues about where economy is headed
  + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.
☆ Rising Rates Boost Companies’ Focus on Working Capital Management
  + stars: | 2022-11-03 | by ( Nina Trentmann | Kristin Broughton | ) www.wsj.com   time to read: +5 min
Higher interest rates are putting more pressure on companies to free up cash from their operations, a cheaper option than relying on credit. PREVIEWRising financing costs are one of several factors pushing companies to improve how they manage working capital, alongside high inventory levels and persistent inflation. “The only difference now is that with your cost of capital being higher, sometimes the economics change, but we’re always looking at working capital,” he said. “Working capital management comes more in focus,” Mr. Fracassa said, as it costs more for companies to draw on their revolving lines of credit with today’s higher rates. “It was kind of the unique rebuild period for working capital,” Mr. Wells said.
☆ Rising Rates Boosts Companies’ Focus on Working Capital Management
  + stars: | 2022-11-03 | by ( Nina Trentmann | Kristin Broughton | ) www.wsj.com   time to read: +6 min
Higher interest rates are putting more pressure on companies to free up cash from their operations, a cheaper option than relying on credit. PREVIEWRising financing costs are one of several factors pushing companies to improve how they manage working capital, alongside high inventory levels and persistent inflation. “The only difference now is that with your cost of capital being higher, sometimes the economics change, but we’re always looking at working capital,” he said. “Working capital management comes more in focus,” Mr. Fracassa said, as it costs more for companies to draw on their revolving lines of credit with today’s higher rates. “It was kind of the unique rebuild period for working capital,” Mr. Wells said.
☆ The US never banned asbestos. These workers are paying the price.
  + stars: | 2022-10-23 | by ( Kathleen Mcgrory | Neil Bedi | ) www.businessinsider.com   time to read: +39 min
But protocols failed to match reality at the Niagara Falls plant, according to more than a dozen workers. In addition to those signature diseases, which are rare even among asbestos workers, the tiny strands can harm the body in other ways. In the 15 years that followed, congressional attempts to ban asbestos would continue to fall short. OSHA declined to make an official available for an on-the-record interview or comment on ProPublica's findings at the Niagara Falls plant. At the OxyChem plant in Wichita, union president Keith Peacock said he was comfortable with the way asbestos was handled.
☆ Sexual assault-related ER visits increased more than tenfold since 2006, study finds
  + stars: | 2022-10-20 | by ( Julianne Mcshane | ) www.nbcnews.com   time to read: +5 min
The study authors said their research represents the largest longitudinal study of sexual assault-related visits to emergency rooms in the U.S. That could be because cultural understandings of what constitutes sexual assault have expanded beyond encounters involving extreme physical violence. In 2019, for example, there were more than 139,800 reports of sexual assault to law enforcement compared to 55,296 ER visits. Sexual assault overall makes up just 0.06% of emergency room visits, according to the study. The FBI data, meanwhile, relies on voluntary reports from law enforcement and narrow definitions of sexual assault, according to the study.
☆ Why Wall Street shouldn’t sweat the midterms
  + stars: | 2022-10-06 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +4 min
New York CNN Business —The midterm elections are a little more than a month away, and if Wall Street had a vote, it’d be for more gridlock. Just a few months ago, many political observers and Wall Street experts were predicting that the GOP would gain control of the Senate and possibly even the House. The conventional wisdom on Wall Street is that the market prefers when politicians bicker and little actually gets done. Clifton also pointed out that “there were two notable exceptions” to the usual midterm market moves: 1974 and 1978. The Fed’s next scheduled meeting is on November 2, just six days before the midterms.
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