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☆ India's travel industry may not overtake China soon but there are still 'massive' opportunities
▼ + stars: | 2023-03-24 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

Nurphoto | Nurphoto | Getty ImagesIndia's airline industry may be on a strong growth trajectory — but don't expect India's outbound travel to overtake China's soon, aviation analysts say. "The gap between China and India is huge," Lalitya Dhavala, valuations consultant at travel analytics firm Cirium told CNBC. India's robust growth trajectoryThe analysts agree there's potential for growth in India's domestic and international travel market. In comparison to China, India has a larger share of young adults, with 40% of its population under 25 years old, Dhavala said. Late last year, Indian conglomerate Tata Group announced that Vistara will merge with national carrier Air India by March 2024.

March 23 (Reuters) - U.S. lawmakers at a congressional hearing on Thursday accused TikTok of serving harmful content and inflicting "emotional distress" on young users, grilling the Chinese-owned app's CEO on the company's outsized influence on teens. Like other social media platforms, TikTok has long faced scrutiny over its policing of content on the app. REUTERS/Evelyn Hockstein 1 2Rep. Frank Pallone, a Democrat from New Jersey, said content on TikTok "exacerbated feelings of emotional stress" in children. Pew Research Center said 67% of U.S. teens ages 13 to 17 use TikTok, and 16% of all teens say they use the app almost constantly. Reporting by Sheila Dang in Dallas and Rami Ayyub in Washington; Editing by Mark Porter and Lincoln Feast.

☆ Sinema privately trashed Senate Democrats to GOP lobbyists, saying they eat too much Jell-O and waste time
▼ + stars: | 2023-03-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Sen. Kyrsten Sinema privately trashed her Democratic colleagues to GOP lobbyists. Sinema said she stopped attending party lunches because "old dudes are eating Jell-O" and it's a waste of time. Earlier this year, Sinema formally left the Democratic Party. Earlier this year, Sinema formally left the Democratic Party and became an independent, though she still caucuses with Democrats. An unnamed Senate Democrat once told Martin earlier this year that Sinema is "the biggest egomaniac in the Senate."

☆ Ron DeSantis says that if he runs for president in 2024, he gives the GOP a shot to beat Joe Biden
▼ + stars: | 2023-03-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Without announcing a 2024 run, he told Piers Morgan he'd give the GOP an edge over Joe Biden. I think the country wants a change," DeSantis told Morgan. "You can't win with just Republicans," DeSantis told Morgan. Once a supporter of DeSantis, Trump has dragged the governor with insulting nicknames such as "Ron DeSanctimonious." Representatives for DeSantis, Trump, and the White House did not immediately respond to Insider's requests for comment sent after business hours.

☆ Don't lose your life savings on your phone: A millennial with a sports-betting addiction explains how he's cut back as March Madness hype mounts
▼ + stars: | 2023-03-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

James said sports betting was a way to "lose your life savings on your phone." But sometimes gambling addiction gets you to do crazy things." While the highs were "exhilarating," James said, gambling began to take over his life. After downloading a sports-betting app, he began by betting roughly $50 to $100 at a time on anything from baseball to hockey to tennis. But then he started winning — at one point winning roughly 14 of 16 bets — which he said was the "worst thing" that could have happened to him.

☆ Lawyer who has negotiated salaries for decades: Female clients were offered less '100% of the time'
▼ + stars: | 2023-03-16 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Justice is a longtime entertainment lawyer and spent decades representing an array of clients ranging from male and female executives to talent like rapper Jay-Z. When she expressed how much her female clients were looking to get paid, she says, "I got ridiculous pushback." Here are some of the excuses she heard most often for why her women clients didn't get offered what their male peers did. It was assumed, by contrast, that single men would one day need to support their families. When Justice asked for a salary comparable to the client's male counterparts, the in-house counsel she was negotiating opposite "laughed at me," she says.

☆ Banning TikTok would be an early Christmas gift to Mark Zuckerberg
▼ + stars: | 2023-03-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

A TikTok sale or US ban could be a boon for Mark Zuckerberg and Meta. Instagram Reels could see a boost from a shift away from TikTok in the US, experts say. Zuckerberg has much to gain from a TikTok ban. It would be like Christmas coming early for Meta, which is looking to boost engagement of its rival service, Instagram Reels. In the short term, apps like Instagram Reels and YouTube Shorts could also see a boost.

☆ The pay gap has stalled and parenthood is a big reason why
▼ + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Caregiving and parenthood could be contributing to the gap in earnings between men and women. It provides a striking way of thinking about the gender pay gap. Pew Research Center also looked at how the pay gap has evolved over time and found that it has stalled. For instance, a research paper from Patricia Cortés and Jessica Pan found that "by the 2010s, child-related inequality accounted for nearly two-thirds of the overall gender pay gap in the U.S." Additionally, according to a fact sheet from NWLC, there's a pay gap between mothers and fathers. A Pew Research Center survey asked US adults why they think the pay gap persists.

☆ The wage gap gets worse for women in their 30s and 40s—and it's not just the 'motherhood penalty'
▼ + stars: | 2023-03-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Women face a wage gap at every point in their careers, a gap that gets worse as they age and progress through their work lives. This difference in earnings is perhaps the most obvious once women hit their 30s, which is also when the gap begins to widen. Last year, 66% of working women ages 35 to 44 had at least one child at home, compared to just 39% of women ages 45 to 54, Kocchar found. But the explanation for why progress toward narrowing the pay gap stalls once women enter their mid-30s extends beyond the so-called "motherhood penalty." Experiencing early wage discrimination has a "compounding effect" that can hurt women's earnings potential for years to come, she adds.

☆ This Isn't What Millennial Middle Age Was Supposed to Look Like - The New York Times
▼ + stars: | 2023-03-14 | by ( Jessica Grose | ) www.nytimes.com time to read: +25 min

Things have been difficult for her family, she says, but one thing she isn’t worried about: a midlife crisis, looming just over the horizon. One of our questions was about whether they had experienced a midlife crisis and how they would define the term. Many people said they felt they couldn’t be having a midlife crisis, because there was no bourgeois numbness to rebel against. “Who has midlife crisis money?”The traditional midlife crisis, as presented in popular culture, at least, unfolds amid suburban ennui. We just increase our Lexapro.”Was the midlife crisis ever even real?

☆ Gen Zers are bookworms but say they're shunning e-books because of eye strain, digital detoxing, and their love for libraries
▼ + stars: | 2023-03-10 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Three Gen Zers gave their reasons for preferring printed editions over e-books. But when it comes to reading, Gen Zers say they prefer to pick up a printed book over an e-book. Book sales in the US and the UK have boomed in the past two years, the management consultancy McKinsey found. Perhaps the most surprising trend is not Gen Zers' love of books but the way they consume them. She said while e-books were affordable and great for traveling, her preference was printed books.

☆ Premarket stocks: The Fed wants to limit wage growth. That's particularly bad for women
▼ + stars: | 2023-03-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

What’s happening: Never-married women earned just 92% of what never-married men did last year, according to the Wells Fargo report. Those wage gaps are “persistently disappointing,” ADP’s Chief Economist Nela Richardson told CNN on Thursday. Markets suffer: Companies with smaller gender pay gaps tend to be rewarded by their shareholders. “The gender pay gap is informing investment strategies,” wrote Refinitiv analysts in a recent report. “Our recent analysis shows that [shares of] companies with no gender pay gap outperform companies with pay gaps between male and female employees,” wrote Refinitiv.

☆ Women aren't investing at the same rate as men. Here's why it matters—and how the gap can be closed
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

BNY Mellon also interviewed 100 global asset managers with $60 trillion in assets under management. One is that the investment industry isn't engaging women to the same degree as men, BNY Mellon's research found. Then there is the high hurdle of the disposable income women think they need to have before they invest. On average, women around the world believe they need $4,092 a month before they would consider investing any of it, BNY Mellon found. "Once you control for income, many of those differences between men and women and investing behaviors kind of disappear.

☆ Barbara Corcoran shares her simple yet effective negotiating strategy: It's about 'ego and timing,' not 'price'
▼ + stars: | 2023-03-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

"Negotiation really has to do with ego and timing," Corcoran tells CNBC Make It. Roughly three decades ago, Corcoran was approached with an offer to sell her real estate business The Corcoran Group, and she was interested in cashing out, she says. So, when real estate company NRT offered her $22 million for The Corcoran Group roughly 10 years later, in 2001, she quickly submitted her counteroffer — asking for $66 million instead. "As a real estate broker running 1,000 sales agents, I had to teach them negotiating skills," Corcoran says. But the trend dissipates as women gain negotiating experience, noted a 2015 moderator analysis published in The Psychological Bulletin.

☆ Analysis: Biden's focus on deficit in budget is targeted at Republicans
▼ + stars: | 2023-03-08 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

Biden's increasing emphasis on the deficit now doesn't mean the White House sees an imminent crisis looming from the nation's $32 trillion debt. Instead, the White House hopes to draw a sharp contrast with Republican threats to refuse to raise the debt limit without sharp spending cuts. Including this fiscal plan in Biden's agenda can help shore up his economic credibility before his expected 2024 re-election campaign, the White House believes. That doesn't mean that what the White House is proposing is going to happen, of course. Reuters GraphicsNearly six in ten people told Pew Research Center in January that reducing the deficit should be a top Biden administration priority.

☆ I've lived with my husband for 5 years—he does all the cleaning. Here's how we split chores to avoid fighting
▼ + stars: | 2023-03-08 | by ( Alexandra Hayes Robinson | ) www.cnbc.com time to read: +2 min

On Sundays, he asks me to leave the house so that he can commence on what he calls "Deep Clean Day." A majority of women (59%) say they do more chores than their partner, while 6% say their partner does more, according to a Pew Research Center survey. But in the five years that we've lived together, Brian has always preferred to do the cleaning. How we split household choresWe came up with our division of chores together by asking four questions: What do we each enjoy doing? And it doesn't need to, because we assign ourselves to the tasks that we can stand, and avoid the ones that we dread.

☆ Americans want to delete Instagram more than any other app
▼ + stars: | 2023-03-08 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

There are a lot of reasons why you might want to delete a popular app from their phone — and you're far from alone. Popular social media apps Instagram, Facebook and Snapchat garnered the most internet searches from people looking to delete those apps over a recent six-month period, according to an analysis of search trends from cybersecurity website VPNOverview. During that period, there were more than 900,000 searches for how to "delete" or "deactivate" Instagram, more than any of the country's 30 most popular apps by downloads, VPNOverview said in its February report. And in recent years, polls have shown growing distrust of popular social media platforms over issues like disinformation, cyberbullying, phishing scams, privacy concerns and data mining. And, while the majority of teens today are willing to take breaks from social media, they're also mostly split on whether they could give up social media altogether.

☆ Gen Z's New Relationship Trend: Ditching Online Apps, Dating Friends
▼ + stars: | 2023-03-07 | by ( Daniel Cox | ) www.businessinsider.com time to read: +9 min

But that's changing: Today's young adults, especially young women, are increasingly finding romance in their friend groups. In interviews conducted for our survey, young people told us that they found online dating too transactional. Trust is at even more of a premium when it comes to dating online. In a Pew survey conducted last year, 52% of Americans reported encountering what they believed to be a scammer on an online dating platform. In dating, especially online dating, women are bombarded with negative attention, harassment, or worse.

Chart showing the percentage cut the committee would make to each area of government spending to balance the budget over 10 years. 8 8 8 Deficit 6 6 6 4 4 4 Spending Spending Spending Revenue Revenue Revenue 2 2 2 2023 2033 2023 2033 2023 2033 Current projections Deficits are projected to grow to $2.7 trillion by 2033. 8 8 8 Deficit 6 6 6 4 4 4 Spending Spending Spending Revenue Revenue Revenue 2 2 2 2023 2033 2023 2033 2023 2033 Eliminate by increasing taxes Current projections Eliminate by cutting spending Deficits are projected to grow to $2.7 trillion by 2033. plan to balance budget 50% Projections 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Current trajectory 200% of G.D.P. plan to balance budget 50% Projections 1930 1960 1990 2020 2050 Sources: Committee for a Responsible Federal Budget; Congressional Budget Office; Republican Study Committee Note: Both plans were released in 2022 and are based on outdated baseline projections; their debt reduction may differ modestly.

☆ Nations reach accord to protect marine life on high seas
▼ + stars: | 2023-03-05 | by ( ) www.cnbc.com time to read: +5 min

The U.N. Convention on the Law of the Sea came into force in 1994, before marine biodiversity was a well-established concept. The treaty will create a new body to manage the conservation of ocean life and establish marine protected areas in the high seas. "For the first time, we are getting a binding agreement for the high seas, which until now have hardly been protected," Lemke said. Several marine species — including dolphins, whales, sea turtles and many fish — make long annual migrations, crossing national borders and the high seas. The high seas have long suffered exploitation due to commercial fishing and mining, as well as pollution from chemicals and plastics.

☆ Over 2 million workers are missing from the US workforce. Here's how they're paying their bills.
▼ + stars: | 2023-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

There are over two million workers missing from the US labor force, per Bank of America Institute. They can thank gig work, living with others who are earning money, and excess savings or stimulus money during the pandemic. "There's no single driver that's really causing people not returning back to the labor force," Zhou told Insider. Below are different ways these "missing workers" from the labor force may still be affording expenses and paying bills. The "financial buffer" that some of these missing workers may be relying on could be a "temporary reason" they left.

☆ The US dollar is at a crossroads
▼ + stars: | 2023-03-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Wall Street investors are reaching for their neck braces in preparation for yet another volatile swing in stock markets: A surging US dollar. What’s happening: The US dollar “finds itself at a significant crossroads yet again,” said Krosby. Don’t forget the debt ceiling: Another significant threat to the dollar is looming in Congress — the ongoing debt ceiling fight. “It would certainly undermine the role of the dollar as a reserve currency that is used in transactions all over the world. Initial claims have come in lower than expected in recent weeks and remain well below their pre-pandemic levels.

☆ TikTok's potential ban in U.S. could be boon for Meta and Snap
▼ + stars: | 2023-03-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Jonathan Raa | Nurphoto | Getty ImagesInvestors in Meta , Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. Meta climbed 1% on Wednesday, and Snap was unchanged. She said that Meta's Facebook, Snap and Google's YouTube could be "huge beneficiaries" if the ban ultimately takes place. watch now"A U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide," a TikTok spokesperson said Wednesday. Andrew Boone, an analyst at JMP, said that Meta likely stands to benefit the most should TikTok face a U.S. ban.

☆ TikTok sets automatic one-hour screen time limit for teens
▼ + stars: | 2023-03-01 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

TikTok said Wednesday it will implement an automatic 60-minute screen-time limit for all users under the age of 18. Teens will be able to opt out of the feature if they want, but TikTok said that the app will prompt teens to set a limit if they spend "more than 100 minutes on TikTok in a day." TikTok is taking steps to curb screen time for its younger users as it stares down growing scrutiny from regulators and lawmakers over its security and the safety of children on the platform. A study from the Pew Research Center last August found 67% of American teenagers used TikTok, with 16% of all teens saying they used it "constantly." TikTok parent ByteDance faces a probe from the Committee on Foreign Investment in the United States, also known as CFIUS, over national security concerns.

☆ The gender pay gap: Why it hasn't narrowed much over 20 years
▼ + stars: | 2023-03-01 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

“Higher education, a shift to higher-paying occupations and more labor market experience have helped women narrow the gender pay gap since 1982,” the Pew analysis noted. “To some extent, the gender wage gap varies by race and ethnicity because of differences in education, experience, occupation and other factors that drive the gender wage gap for women overall,” the Pew analysis noted. Regardless, the gender pay gap is typically narrowest when you pick any single occupation and control for measurable factors between men and women like education, tenure and hours worked. Another factor that may help explain the stickiness of the pay gap is that the wage premium for those with college degrees has grown smaller. Narrowing the gender pay gap from here may be tough sledding.

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