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Since 1977, the Federal Reserve has focused on creating maximum employment and maintaining stable prices, commonly known as the dual mandate. "[Maximum employment is] this more sort of amorphous thing," Rucha Vankudre, a senior economist at labor market analytics firm Lightcast, told CNBC. However, at the Federal Open Market Committee news conference in January 2022, Federal Reserve Chairman Jerome Powell announced that "labor market conditions are consistent with maximum employment." Maximum employment is also difficult to quantify because existing measures of employment, such as the unemployment rate or the labor force participation rate, often do not account for certain groups of people. Watch the video above to learn more about what maximum employment really means and how inflation impacts employment.

☆ A Lunch You’ll Love: This Simple Grain Salad Is Healthy in All the Tastiest Ways
▼ + stars: | 2023-03-16 | by ( Kitty Greenwald | ) www.wsj.com time to read: 1 min

PLAY BOWL Nutty farro anchors this satisfying grain salad, but you can creatively adapt the add-ins to suit the changing seasons. Photo: Emma Fishman for The Wall Street Journal, Food Styling by Tyna Hoang, Prop Styling by Sophie Strangio

☆ China leans on coal amid energy security push
▼ + stars: | 2023-03-05 | by ( Andrew Hayley | ) www.reuters.com time to read: +4 min

Soaring global energy prices following Russia's invasion of Ukraine and domestic supply disruption have prompted Beijing to step up its focus on energy security in recent years. Fluctuating output from renewable plants, however, has led policymakers to lean on reliable and easily dispatchable coal power to shore up the country's baseload supply. "The energy security narrative is still going strong," said Greenpeace China policy advisor Li Shuo. Concerned about supply shortages amid high global prices, the planner pledged to "strictly control the expansion of projects to replace coal with natural gas". "(We shall) develop sound mechanisms to adjust urban end-user prices of natural gas in step with procurement costs," the report said.

☆ This Cozy Braised Pork Dish Delivers Serious Weeknight Comfort
▼ + stars: | 2023-03-01 | by ( Kitty Greenwald | ) www.wsj.com time to read: 1 min

STEW YOU CAN USE A beloved Filipino dish that’s packed with layered flavors, pork afritada is homestyle comfort food at its best. Photo: Emma Fishman for The Wall Street Journal, Food Styling by Tyna Hoang, Prop Styling by Sophie Strangio

☆ How the Fed can close the racial wealth gap: AFL-CIO's William Spriggs
▼ + stars: | 2023-02-22 | by ( Macklin Fishman | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Fed can close the racial wealth gap: AFL-CIO's William SpriggsAFL-CIO chief economist and Howard University economics professor William Spriggs says that the impact of discrimination against Black employees is less acute when the labor market operates at full employment. He tells CNBC how the Federal Reserve can close the racial wealth gap and how an economic slowdown might affect Black workers.

☆ Reaching maximum employment will help close the racial wealth gap, says Howard University economics professor William Spriggs
▼ + stars: | 2023-02-22 | by ( Macklin Fishman | ) www.cnbc.com time to read: +2 min

Reaching maximum employment will help close the racial wealth gap, according to AFL-CIO chief economist and Howard University economics professor William Spriggs. In an interview with CNBC, Spriggs said the impact of discrimination against Black employees is less acute when the labor market operates at full employment. "When we have a really poor labor market, white high school dropouts do better than Black people with associate degrees," Spriggs explained. While Black Americans do withdraw from the labor market when the market collapses, Spriggs said this is not always reflected in the data on Black labor force participation. Implicit bias can also affect economic data and policy by dictating the questions that analysts ask, Spriggs said.

WASHINGTON, Feb 17 (Reuters) - The United States will directly warn companies against evading U.S. sanctions imposed on Russia over the war in Ukraine, Deputy Treasury Secretary Wally Adeyemo said, as Washington seeks to further squeeze Russia's economy. "We're going to go directly to their companies and make very clear to their companies that you have a choice," Adeyemo said. The comments come amid signs that Russia's economy was not hit as heavily as initially expected by western sanctions. The International Monetary Fund last month forecast that Russia's economy would expand by 0.3% in 2023 after shrinking by 2.2% in 2022. "Russia's economy is very small, relative to our coalition, and getting smaller because of the actions that we've taken."

GREEN LIGHT Go ahead and use those broccoli stalks. YOU’VE PROBABLY heard of the “nose-to-tail” approach that uses all the edible parts of an animal, not just the familiar steaks and chops. Not because I’m a vegetable rights campaigner, mind you, but because we’re trying to eliminate food waste. And fortunately, with many vegetables, the part you usually throw away (or hopefully compost) can be the most delicious. The Italians are broccoli champions, with regional varieties growing in every home garden.

Businesses need to remain diligent in their diversity, equity and inclusion, or DEI, efforts as layoffs continue, according to McKinsey senior partner Shelley Stewart. Stewart told CNBC that Black Americans have historically been disproportionately affected during economic downturns. Because Black workers are underrepresented in the tech industry, he said, they may not be hit disproportionately in that sector. Stewart encourages companies to continue their DEI efforts by working with diverse suppliers, saying partnering with diverse businesses is "the biggest lever that corporations have to directly impact society other than wages." "Inclusive growth is better for companies, better for society, better for our global economy and our domestic economy," he said.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow layoffs will impact DEI pledges: McKinsey's Shelley StewartMcKinsey senior partner Shelley Stewart worries that an economic downturn may impact diversity, equity and inclusion efforts. He tells CNBC's Sharon Epperson how companies can mitigate high attrition rates in frontline jobs and reflects on how DEI pledges have evolved since 2020.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to pay reparations to African Americans without spiking inflation: Darity, MullenCNBC's Cheyenne DeVon talks to William Darity and Kirsten Mullen, co-authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century", about the way that reparations to Black Americans could help close the racial wealth gap in the United States. Darity and Mullen argue that the federal government should be responsible for paying reparations to Black Americans. However, they warn that reparations that are not rolled out carefully could cause inflation.

☆ How these Black female entrepreneurs are building wealth
▼ + stars: | 2023-01-29 | by ( Macklin Fishman | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow these Black female entrepreneurs are building wealthThese four Black female entrepreneurs make thousands of dollars a year pursuing their passions. Wilglory Tanjong is the founder and CEO of Anima Iris, a luxury handbag brand whose purses are crafted by artisans in Senegal. Helena Faustin runs a food blog called That Nurse Can Cook where she shares Jamaican recipes. Domonique Brown is an artist and founder of DomoINK, an art and home decor business. Paulana Lamonier teaches Black Americans to swim at her swim school, Black People Will Swim.

"If you have a talent, harness that talent, learn as much as you can from it, and monetize that thing." Like Brown, Paulana Lamonier turned her passion into a business designed with Black Americans in mind. Lamonier said her business, Black People Will Swim, is a "call to action" to make the swimming space more inclusive. Lamonier hopes Black People Will Swim will allow "Black and brown people to see themselves and see that it's possible." Watch the video to learn more about how these Black female entrepreneurs are building wealth.

To help close the racial wealth gap, the U.S. government should pay $14 trillion in reparations to Black Americans, according to William A. Darity and A. Kirsten Mullen, authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century." Mullen said "the federal government was party" to both the suppression of the Black vote and in some cases the destruction of Black people's property. She added that "the federal government is also the only entity that has the capacity to pay the debt." Darity and Mullen told CNBC that the cost of reparations would not need to be passed on to taxpayers. Watch the video to learn more about how reparations to Black Americans could help close the racial wealth gap.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the U.S. government is responsible for reparations: William Darity, Kirsten MullenWilliam A. Darity and A. Kirsten Mullen, authors of "From Here to Equality: Reparations for Black Americans in the Twenty-First Century," say that the federal government should be financially responsible for paying $14 trillion of reparations to Black Americans. They tell CNBC's Cheyenne DeVon whether taxpayers will foot the bill and if reparations could cause inflation.

☆ California is deluged by record rain with more storms coming
▼ + stars: | 2023-01-11 | by ( Kate Fishman | ) www.reuters.com time to read: +4 min

The parade of storms is forecast to continue, bringing even more heavy rain next week, the weather service said. Large stretches of central California received over half their normal annual rainfall since Dec. 26. [1/12] View of flooding from the rainstorm-swollen Sacramento and American Rivers, near downtown Sacramento, California, U.S. January 11, 2023. The storms have killed at least 17 people since the start of the year, California Governor Gavin Newsom said on Tuesday. Reporting by Brendan O'Brien in Chicago and Daniel Trotta in Carlsbad, California; Editing by Marguerita Choy and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Massive waves, power outages plague California coastal community amid storms
▼ + stars: | 2023-01-06 | by ( Kate Fishman | ) www.reuters.com time to read: +3 min

[1/6] A member of a Pacific Gas & Electric crew works to repair a power line, following storms in Mendocino, California, U.S. January 5, 2023. At the southern end of Mendocino county, the small towns of Point Arena and Gualala have been largely without power for around 24 hours. About 2,500 households and businesses were without power in the county, which is home to about 91,000 people. California's storied coast road, Highway 1, is closed in four places in Mendocino County because of fallen trees, the California Department of Transportation said. The high tide brought swells that washed debris across the beach and its parking lot, the high waves crashing into the mouth of the Noyo River.

The ballot measure amended the state constitution to enshrine expansion for Medicaid health care coverage to all adults who earn up to 138% of the federal poverty level. Eliot Fishman, the senior director of health policy for the health care advocacy group Families USA, said that in South Dakota parents with practically any work income were ineligible for Medicaid. It took over two years, because advocates first pursued the process in South Dakota in October 2020. Supporters cheer for South Dakota Gov. Medicaid expansion, however, would not remain its focus.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutgoing Charter CEO Tom Rutledge says 'pain to come' as streaming takes over TV: CNBC ExclusiveOutgoing Charter CEO Tom Rutledge says in an exclusive CNBC interview that there's 'pain to come' as linear TV gives way to streaming.

THE FIRST TIME I had caviar with potato chips, it was at Air’s Champagne Parlor, shortly after the Greenwich Village wine bar opened in 2017. A mere half-ounce of caviar dressed up thin potato chips dipped in crème fraîche. I’d always regarded caviar as expensive, decadent, and here I was scooping it with the housemade equivalent of Pringles. That high-low juxtaposition was intended to make caviar “approachable and not scary,” recalled Air’s proprietor, Ariel Arce. During the pandemic, Ms. Arce went on to launch a caviar company of her own, CaviAIR, aiming to bring the “cool factor to fish eggs.”

☆ Miami Beach adopts ordinance banning hairstyle discrimination
▼ + stars: | 2022-10-27 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +3 min

Florida's Miami Beach adopted an ordinance Wednesday banning race-based hair discrimination in housing, employment and access to public services and facilities. The Miami Beach City Commission voted unanimously to prohibit discriminatory practices "based on the texture or style of a person's hair," the city said in a news release Wednesday. “It’s unacceptable in 2022 that Black Americans and other minorities still face discrimination based on something so trivial as whether or not they have textured or curly hair,” Miami Beach Vice Mayor Alex Fernandez said in a statement. “This serves to protect cultural identity and not have to worry about sacrificing who you are in Miami Beach.”The city's human rights ordinance had already prohibited discrimination based on a number of characteristics, including weight and height. Miami Beach City did not immediately respond to an overnight request for comment.

Moody's Analytics' chief economist Mark Zandi cautions that a recession may be on the horizon. In an interview with CNBC's Andrea Miller, Zandi said a recession did not occur in the first half of this year. Zandi called employment levels the "most important indicator[s]" of a recession. Zandi attributed the confusion about whether the U.S. experienced a recession in the first half of this year to the coronavirus pandemic and the Russian invasion of Ukraine. The Moody's chief economist said that if rising prices don't ebb “the only way to get rid of that persistent stubborn inflation would be to push the economy into a recession.” If there is a recession, Zandi said it "probably won’t happen until the second half of 2023."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Zandi says recession may come in the second half of 2023Many Americans are wondering about the timing and inevitability of an economic recession. Moody's Analytics' chief economist Mark Zandi tells CNBC's Andrea Miller whether in his view that the U.S. has already experienced a recession in 2022, if Americans should expect layoffs to rise and whether Americans should be preparing for an economic downturn.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow floating cities and amphibious homes may help coastal towns adapt to sea-level riseA new industry of floating infrastructure is emerging to help adapt to rising sea levels. There are two distinct approaches that are being put forth as possible solutions: retrofitting homes to be amphibious and building floating cities. Would you live in a floating city or retrofit your home so it floats during floods? Watch the video above to learn more about what life could be like in these innovative climate change adaptations.

☆ Warner Bros. Discovery CEO David Zaslav faces 3 key challenges as financial headwinds disrupt his strategy and threaten his promises to Wall Street
▼ + stars: | 2022-09-22 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +12 min

MoffettNathanson analyst Robert Fishman crystallized the daunting task ahead for Zaslav and WBD in his August 5 report "Reality First. The honeymoon was short-lived," said one senior Hollywood insider. It turns out there are five, housing some 40,000 employees globally: Warner Bros., HBO Max, the Turner entertainment channel business, CNN, and Discovery. The WBD insider said there isn't a rush to hire a new chief and that the company will continue to meet people. Under the ownership of AT&T, WarnerMedia's financials were buried in its parent's spreadsheets — now as a pure-play entertainment company, Warner Bros.

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