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☆ Tackling money shame: Personal finance advice from top TED Talks
▼ + stars: | 2023-08-15 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

We combed through them for the most helpful advice to get our money lives under control. “And so many of you are left believing that you’re crazy, or stupid, or just bad with money. It wants to consume, whereas the future self wants the present self to save ...“So what can we do about this? Maybe the reason money doesn’t make us happy is that we’re always spending on the wrong things – in particular, always spending it on ourselves. If you think money can’t buy happiness, you’re not spending it right.”Editing by Lauren Young and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Simon Sinek’s “, TAMMY LALLY, “, ” DANIEL GOLDSTEIN, TEDSALON, Derek Parfit, ” ESTELLE GIBSON, TEDxDayton, ” ELISE PAYZAN, ‘, couldn’t, ” MICHAEL NORTON, we’re, you’re, Lauren Young, Stephen Coates Organizations: TED, Thomson Locations: TEDXORLANDO, TEDSALON NY, TEDXCAMBRIDGE

Biden and UAW President Shawn Fain met briefly in the West Wing last month while UAW leadership was at the White House briefing senior staff on their positions. Fain has publicly warned that UAW is prepared to strike, saying nearly 150,000 members will strike if the three automakers do not meet their demands. Ford pointed out that it employs more UAW members and builds more cars and trucks at US plants than any other automaker. For the most part, those plants are joint ventures between automakers and battery makers, and thus will not be covered under the UAW contracts with the Big Three. But the union has yet to reach a deal with plant management on a contract, and workers there are paid about half of what UAW members are paid at the Big Three.

Persons: Joe Biden, –, —, ” Biden, Biden’s, Shawn Fain, Fain, Biden, ”, “, ” Ford, Stellantis, Ford, “ Stellantis, Vanessa Yurkevich Organizations: Washington DC CNN, United Auto Workers, – Ford, General Motors, “, AFL, CIO, UAW, Biden, Wing, White, Ford, Dodge, Chrysler, EV, CNN, Big, GM, Workers, LG Locations: Warren , Ohio

☆ Ukraine is now the 'most heavily mined country in the world,' defense minister says, as he pleads for more de-mining equipment
▼ + stars: | 2023-08-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukraine's defense ministry said his country is now "the most heavily mined country in the world." Reznikov said that in some places there are five landmines for every square meter, or 11 square feet. Ukrainian soldiers are clearing mines by hand and exiting tanks to make progress, according to reports. Russia has been using mines heavily during the conflict, and Ukraine said dense minefields have slowed its counteroffensive efforts, which began in June. Experts told Insider that Russian forces had time to build up their defenses because Ukraine's counteroffensive efforts were delayed.

Persons: Reznikov, Oleksii Reznikov, Pete Smith, Volodymyr Zelenskyy Organizations: Service, Guardian Locations: Wall, Silicon, Russia, Ukraine, Bangalore, bangalore

☆ AI is going to eliminate way more jobs than anyone realizes
▼ + stars: | 2023-08-14 | by ( Emil Skandul | ) www.businessinsider.com time to read: +16 min

We didn't see the internet coming, but AI is within viewThe adoption of groundbreaking technology is often hard to predict. The World Economic Forum estimated 83 million jobs worldwide would be lost over the next five years because of AI, with 69 million jobs created — that leaves 14 million jobs that will cease to exist during that timeframe. In the US, the knowledge-worker class is estimated to be nearly 100 million workers, one out of three Americans. The small and large compounding effects of productivity growth across many industries are central to the growth trajectory and the long-run effects of AI. This is an alarmingly trivial amount for an economy of $25 trillion GDP and over 150 million workers.

Persons: Goldman Sachs, Joseph Schumpeter, Bill Gates, David Letterman, Paul Krugman, Erik Brynjolfsson, —, Brynjolfsson, Robert Solow, Robert Gordon, provocatively, It's, Gordon, David Autor, Maria Flynn, Flynn, –, Georgia –, Emil Skandul, Tony Blair Organizations: McKinsey, Newsweek, Stanford University, Microsoft, Amazon, Cisco, Economic, International Labor Organization, Organization for Economic Co, Development, MIT, Congressional, Office, Department of Labor, Tony Blair Institute Locations: Washington, Singapore, New York, Georgia

☆ Ukrainian soldier credits video-game obsession for his ability to strike Russian targets with drones
▼ + stars: | 2023-08-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Ukraine is increasingly using small, cheap FPV drones to hit outsize targets. Mykhailo operates the drones using a joystick and a virtual reality headset — hence the video game comparisons. It's not the first time the video game comparison has been made. In an interview with The Guardian earlier this month, a Ukrainian drone operator called Olexandr said: "It's like playing a computer game, you know?" Ukraine is employing many of these cheap FPV drones, which can be made from off-the-shelf commercial drones and kitted out with explosives.

Persons: Mykhailo, Olexandr, Insider's Alia Shoaib, Michael Peck, James Patton Rogers Organizations: Service, Reuters, Russian, Guardian, Air Assault Force, UK's Royal United Services Institute Locations: Ukrainian, Ukraine, Wall, Silicon, Russia

☆ A leading Ukrainian doctor says mines second only to artillery as a cause of soldier injuries
▼ + stars: | 2023-08-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Mines are the second-most-frequent cause of injury for Ukraine's soldiers, a medical officer told The Guardian. Ukrainian soldiers have described the slow, desperate effort to progress through dense minefields. The secretary of the country's National Security and Defense Council, Oleksiy Danilov, called the density of Russia's mines "insane" earlier this month. In some cases, Ukrainian soldiers have been blasted by mines as they try to reach their comrades who were hit by other mines, the Times reported. One Ukrainian unit currently dealing with Russia's mines saw two sappers lose feet in explosions in the space of two weeks, The Guardian reported.

Persons: Serhiy Ryzhenko, Oleksiy Danilov, Oleksii Reznikov, Reznikov Organizations: Guardian, Service, country's National Security and Defense Council, New York Times, Times, Sky News, Ukraine, Ukrainian Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Dnipro, Ukraine's

☆ You can win $50,000 if you successfully hack a US government satellite
▼ + stars: | 2023-08-13 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

The contest is sponsored by the US government and has a prize of $50,000. For the first time, this year's iteration of the competition will have hackers working to break into the Space Force satellite Moonlighter, a test satellite designed as a "hacking sandbox" that will allow advanced analysis of cybersecurity threats. The first-place team will win $50,000, the second-place team will win $30,000, and the third-place team will take home $20,000. According to an interview with Space Force Capt. The Air Force, Space Force, and Bernert did not immediately respond to requests for comment sent outside regular business hours.

Persons: cybersecurity, Kevin Bernert, Bernert, smartly Organizations: DEF, Service, US Space Force, Air Force, Space Force, Politico, The Air Force Locations: Las Vegas, Wall, Silicon, Poland

☆ A feud is heating up between Arizona workers and the world's leading chipmaker after the company claimed the US doesn't have the skills to build its new factory
▼ + stars: | 2023-08-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The company says it needs to bring Taiwanese workers to Arizona to get construction back on track. But construction of TSMC's first Arizona factory, which began in the Phoenix area in 2021, has run into some hiccups. "Replacing Arizona's construction workers with foreign construction workers directly contradicts the very purpose for which the CHIPS Act was enacted – to create jobs for American workers," the petition says. The degree to which American workers can get the job done without additional assistance is up for debate. "It's easily the most unsafe site I've ever walked on," said Luke Kasper, a representative of the sheet metal workers union.

Persons: TSMC, that's, Biden, Mark Liu, Liu, It's, Luke Kasper, TMSC, Morris Chang, Chang, Kevin Xu Organizations: Service, Taiwan Semiconductor Manufacturing Company, Arizona Pipe, Google, Facebook, YouTube Locations: Arizona, An Arizona, Wall, Silicon, China, TSMC's, Phoenix, Taiwan, TSMC, Asia

Many opponents of renewable energy, she added, “are worried about the impacts to their very way of life.”Roadside opposition to renewable energy projects near Baldwin City, Kan. “We see offshore wind as a critical technology,” said Dan Burgess, the director of the Maine Governor’s Energy Office. Across the country, clean energy projects of all types are tied up in lengthy permitting processes. By then, India had not completed any offshore wind projects. Since 2000, the United States has barely built any major transmission lines that connect different regions of the country.

Persons: Scott Dickerson, ”, Biden, Alison Bates, “, Columbia University’s, Dan Burgess, Habib Dagher, Janet Mills, Gregory Wetstone, Mack, James Gillway, SunZia, ” Hunter Armistead, Broussard, There’s, Vaughan Woodruff, Tucker Carlson, Teslas, ” Ali Zaidi, Dagher, Rolf Olsen, who’s Organizations: University of Maine, Sears, Officials, Federal, International Energy Agency, Colby College, White, Columbia, Climate, The University of, Maine Governor’s Energy, Environmental, University of Maine’s, Composites Center, Gov, American Clean Power Association, American Council, Renewable Energy, Environmental Protection Agency, Army Corps of Engineers, . Clean, Union United, China India European Union United States, China European Union United, China India United States European, China United States European Union, China United States European Union India, Energy, The New York Times, United, Pattern Energy, New York State Energy Research, Development Authority, Toyota Prius Locations: Penobscot Bay, Maine, , Maine, United States, Europe, China, Australia, India, Los Angeles, Ohio, Jersey Shore, Waterville , Maine, Baldwin City, Kan, Massachusetts, Ukraine, Gulf, Searsport , Maine, Searsport, Bangor, Mack, West, Union United States, U.S, China United States European Union India, Great, New Mexico, Arizona, California, Riesel , Texas, Energy, San Bernardino County, In Kansas, Atlantic City, N.J, New York, Manhattan, Sears

☆ President Biden says China's economy is a 'ticking time bomb' amid growth and demographic issues
▼ + stars: | 2023-08-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

China's economy is plagued with problems and is a "ticking time bomb," President Biden said. The president pointed to sluggish growth and high unemployment in the nation. At a Utah fundraiser on Wednesday, the president pointed to various problems plaguing China's economy, including the country's weak growth prospects and high unemployment rate. Meanwhile, China's youth unemployment rate notched a record 21% in July, due to a lack of high-skilled and high-paying jobs in the nation. That could put US-China relations on "collision course" that ends up weighing on the global economy, according to "Dr. Doom" economist Nouriel Roubini.

Persons: Biden, Joe Biden, They've, That's, Doom, Nouriel Roubini Organizations: Service, Reuters, Group Locations: China, Wall, Silicon, Utah, Beijing, Taiwan

☆ How ChatGPT and other AI tools are helping workers make more money
▼ + stars: | 2023-08-10 | by ( Aaron Mok | ) www.businessinsider.com time to read: +5 min

Here are 3 ways people are making more money with generative AI tools such as ChatGPT. Here are 3 ways workers are using ChatGPT and other generative AI tools to make more money. AI is helping workers draft marketing and sales contentWorkers are using AI chatbots to automate time-consuming tasks — and, in turn, they are making extra cash. Depending on the company, a chief AI officer may offer guidance on developing in-house AI tools, identify areas of the business where AI can be deployed, or become the go-to expert on all things AI in the workforce, WorkLife reported. Companies are even creating ChatGPT-centered roles such as "ChatGPT email-marketing super-expert" and a "ChatGPT and AI developer."

Persons: OpenAI, ChatGPT, Laura Anderson, —, makemoneywithchatgpt, it's, Jacqueline DeStefano, Randy Baruh, Peggy Dean, Lance Junck, Zain Kahn, Awais, doesn't Organizations: YouTube, Google, Companies Locations: New York City

☆ New Zealand will require 900 firms to report gender pay gaps
▼ + stars: | 2023-08-10 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

Around 900 businesses with more than 250 employees will be asked to report their gender pay gaps in the proposed legislation, Tinetti said in a statement. The requirement will eventually be extended over four years to cover companies that employ more than 100 workers, encompassing around 2,700 firms, she added. Requiring companies to publish their gender pay gap will encourage them to address the drivers of those gaps and increase transparency for workers,” she said. New Zealand has made progress in its public service sector, with women holding more than half of top tier senior management roles and the gender pay gap has shrunk to a record-low of 7.7%. In the private sector, around 200 companies including Air New Zealand and Spark voluntarily report or plan to report their gender pay gap, according to Tinetti.

Persons: Women Jan Tinetti, Tinetti, Spark, Priyanca Radhakrishnan, “ We’ve, ” Radhakrishnan, Jacinda Ardern, Chris Hipkins Organizations: CNN, New, Women, Labour, Organisation for Economic Co, Development, Air New, Zealand, Workplace Relations, Party Locations: New Zealand, Air New Zealand, Australia, Canada, United Kingdom, Pacific

☆ Skilled U.S. chip workers surge in demand as $231 billion in private funding enters space
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSkilled U.S. chip workers surge in demand as $231 billion in private funding enters spaceCNBC's Kristina Partsinevelos reports on news from the top semiconductor companies.

Persons: Kristina Partsinevelos Organizations: Skilled U.S

☆ Growing talent gap in U.S. chip space emerges as makers spend billions
▼ + stars: | 2023-08-09 | by ( Kristina Partsinevelos | ) www.cnbc.com time to read: +1 min

US President Joe Biden visits Wolfspeed, a semiconductor manufacturer, in Durham, North Carolina, on March 28, 2023. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)A push to re-shore semiconductor manufacturing in the U.S. has spurred massive spending, and with it, concerns about the size of the skilled workforce. Now, as the shovels hit the ground to begin construction, companies are realizing how difficult it is to find talent. TSMC is bringing in workers from Taiwan to handle the high-tech equipment and train U.S. workers. The Arizona Pipe Trades 469 union has helped fund a website called "Stand with American Workers" accusing TSMC of overlooking Arizona workers in favor of Taiwanese counterparts in an attempt to "exploit cheap labor."

Persons: Joe Biden, Wolfspeed, Jim WATSON, JIM WATSON, Brian Harrison, Harrison, TSMC, that's Organizations: Getty, Taiwan Semiconductor Manufacturing Company, Arizona Pipe, American Locations: Durham , North Carolina, AFP, U.S, United States, Arizona, Taiwan

☆ Could the curse of Tutankhamun’s tomb be caused by fungi?
▼ + stars: | 2023-08-09 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Rumors of a curse have persisted since Howard Carter and others found Tutankhamun's tomb in 1922. But because he'd been present at the opening of Tutankhamun's tomb a few months prior, rumors of a curse started to swirl. But dozens of Egyptian laborers contributed physical and skilled labor to excavate Tutankhamun's tomb. As the decades passed, some scientists wondered if there was something deadly lurking in Tutankhamun's tomb: fungi. Egyptian carpenters prepare to reseal Tutankhamun's tomb with Howard Carter circa 1923.

Persons: Howard Carter, Lord Carnarvon, he'd, King, Carter, Carter's, Tutankhamun, George Herbert , 5th Earl of Carnarvon, LiveScience, Lord Carnarvon's, Susie, Carnarvon, Evelyn Herbert, Harry Burton, Sherlock Holmes, Sir Arthur Conan Doyle, Carnarvon's, Sir Ernest A, Wallis Budge, George Jay Gould, Philip Livingston Poe, Edgar Allen Poe, Richard Bethell, Howard, King Tutankhamun, Apic, Ali Kamel Fahmy Bey, Frank McClanahan Organizations: Service, New York Times, British Museum, Savoy, Harvard University, Hulton, Safety Locations: Wall, Silicon, British, Luxor, Egypt, Cairo, Hampshire, England, London, Aspergillosis

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan

☆ Germany spends big to win $11 billion TSMC chip plant
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +4 min

Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. TSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. The factory will cost around 10 billion euros in total. “There is going to be a real ecosystem for semiconductor manufacturing in Germany,” he said. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: TSMC, Olaf Scholz, Michael Kretschmer, ” Kretschmer, Germany’s, NXP, Robert Habeck, ”, “ It’s Organizations: European Union, Intel, Taiwan Semiconductor Manufacturing, Germany, Semiconductor Manufacturing Company, Germany’s Bosch, Infineon, Semiconductor, EU, Sony Locations: Germany, Europe, Taiwan, China, Asia, United States, Dresden, Saxony, ” Saxony, Netherlands, Ukraine, Arizona, Japan

☆ Morgan Stanley sees 20% upside in this little-known education stock with exposure to Latin America
▼ + stars: | 2023-08-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Don't sleep on Laureate Education , Morgan Stanley said. The Wall Street bank upgraded the Baltimore-based small cap, which operates universities in Mexico and Peru, to overweight from equal weight. Morgan Stanley also raised its price target to $17 from $15, implying more than 20% upside over the next 12 months. "Education is a key part of the nearshoring story," Martinez said. On top of all that, Morgan Stanley's Martinez noted Laureate's valuation is cheap relative to Brazilian rivals such as Vitru and Ser Educacional .

Persons: Morgan Stanley, Javier Martinez de Olcoz, Martinez, Morgan Stanley's Martinez, Ser, — CNBC's Michael Bloom Organizations: Education Locations: Baltimore, Mexico, Peru, Asia, U.S

☆ US small businesses feel better about the economy, but still can’t find enough skilled workers
▼ + stars: | 2023-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

As inflation continued to slow last month, optimism improved among the more than 1,300 small businesses surveyed, though it remains subdued compared to pre-pandemic times. Of owners hiring or trying to hire, 92% reported few or no qualified applicants for their available jobs, also unchanged from the prior month. “With small business owners’ views about future sales growth and business conditions dismal, owners want to hire and make money now from solid consumer spending,” said Bill Dunkelberg, the NFIB’s chief economist, in a release. Despite the economy holding steady, optimism among small businesses isn’t back to where it was before the pandemic. Even though businesses are still grappling with difficulties in hiring, cooling inflation has taken some of the edge off.

Persons: ”, Bill Dunkelberg, they’ve Organizations: DC CNN, National Federation of Independent Business, Federal Reserve, Gross, Federal Reserve Bank of Cleveland, Labor Department, Wall Street Locations: Washington

Here are four important steps to take to determine just how much money you'll need to save:1. Calculate how much you'll need to save during retirementUnderstanding what you expect retirement to look like will help determine how much you'll need in order to fund that lifestyle. In retirement, your savings will cover many of the same expenses that you had prior to retirement. This rule states that retirees can withdraw up to 4% of their retirement savings in year one of retirement. So, if you have $2,000,000 in retirement savings, you would withdraw $80,000 that first year.

Persons: you'll, it'll, Jim Ludwick, They're, Roth, Ludwick, Tolen Teigen, Everyone's, Charles Schwab Organizations: Service, Gallup, Utilities Insurance, Inc, Fidelity, Social Security, IRA, Roth IRA, Consulting, Security Locations: Wall, Silicon, Chevron

☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"

Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru

☆ Teenager Guzman to join Colombia's youth push at World Cup
▼ + stars: | 2023-08-07 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

With Caicedo up forward, Guzman will give Colombia a second teenage threat, the pair set to combine in a third World Cup in 12 months after playing in the under-17 and under-20 tournaments last year. "To be with Linda is something extremely special for me," Guzman, 18, told reporters at Melbourne Rectangular Stadium on Monday. After failing to qualify for France in 2019, Colombia have already matched their World Cup best, a last 16 appearance at the 2015 tournament in Canada. Colombia made the quarter-finals of the under-20 World Cup in Costa Rica and were runners-up at the under-17 tournament in India, losing to Spain in the decider. "We've been stimulating their growth so that they can be who they are currently on this world stage of football."

Persons: Germany's Sara Doorsoun REUTERS, Asanka Brendon Ratnayake, Linda Caicedo, Ana Maria Guzman, Guzman, Manuela Vanegas, Linda, Nelson Abadia, Caicedo, Abadia, Colombia's, Ian Ransom, Christopher Cushing Organizations: Soccer Football, FIFA, Jamaica, Brazil, Coffee Growers, Spain, Germany, Colombian, Morocco, South, Thomson Locations: New Zealand, Germany, Morocco, Melbourne, Australia, Colombia, France, Canada, American, Costa Rica, India, South Korea, Jamaica

Indiana now wants to catch up to other places that have landed big chip manufacturing plants. The push is supported by Senator Todd Young, a Republican from Indiana, who was a co-author on the CHIPS Act and has been a leading voice on increasing funds for tech hubs. Companies and universities in Indiana have applied for multiple CHIPS Act grants, with the aim of winning awards not only for chip manufacturing but also for research and development. Those regions succeeded because of their strong academic research universities, big anchor companies, skilled workers and investors. He added that the federal government’s plan to initially put $500 million into tech hubs was too small and estimated it would take $100 billion in government aid to create 10 sustainable tech hubs.

Persons: Todd Young, Biden, ”, Mark Muro Organizations: Republican, Companies, Biden, Indiana, Indiana Chamber of Commerce, Brookings Institution Locations: Indiana, Silicon Valley, Boston

☆ Meet a millennial mom who resurrected her career with a 10-day crash course on semiconductors. She landed a new job, learned new skills, and says the pay outweighs long hours.
▼ + stars: | 2023-08-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +10 min

She enrolled in a 10-day semiconductor training course and landed a new job at Intel soon after. A few weeks later, she told Insider, she received an email about the "Quick Start" program — a 10-day crash course on how to be a semiconductor processing technician. The Quick Start program's website says that semiconductor companies will hire over 20,000 workers in Arizona in the coming years. Of 240 former Quick Start students who filled out an employment outcome form as of June 30th, 75, or 31%, said they had been "hired in field," per MCCC. "I start work at 5:45 AM, and I get off at 6:15 PM," she said.

Persons: Lisa Strothers, chipmakers, Strothers, Biden, Cesar Becerra, GlobalFoundries, —, Lisa Strothers Lisa Strothers, Intel's, she'd, Cesar Becerra Cesar Becerra, I'm, that's, there's Organizations: Intel, Schools, Service, Taiwan Semiconductor Manufacturing Company, Mesa Community College, Science, Deloitte, Micron, MCCC, Labor Statistics Locations: Wall, Silicon, Arizona, Arizona's Maricopa County, Maricopa County, China, Taiwan, Phoenix

☆ UK hiring falls at fastest pace in over three years, wage growth slows
▼ + stars: | 2023-08-06 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

Workers travel through London Bridge rail and underground station during the morning rush hour in London, Britain, September 8, 2021. A gauge of permanent staff hiring by the Recruitment and Employment Confederation and accountants KPMG fell to 42.4, the lowest since the 34.3 in June 2020 when the country was in lockdown due to the COVID-19 pandemic. While starting pay for new permanent staff rose sharply by pre-pandemic standards, the rate of wage growth was the lowest since April 2021, REC said. Official data showed unemployment rose to 4% in the three months to May, a 16-month high, although annual wage growth remained at a record high of 7.3% in cash terms. REC said the availability of both temporary and permanent workers to fill jobs hit the highest since December 2020.

Persons: Toby Melville, Neil Carberry, Claire Warnes, Suban Abdulla, David Milliken Organizations: REUTERS, KPMG, REC, Bank of England, BDO, Thomson Locations: London, Britain

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