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☆ The job market enters a new phase as the Great Resignation ends
▼ + stars: | 2023-06-13 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Amid a tight labor market, many were also able to find a better job, with better pay. The combination of a tight labor market and structural change from the pandemic catalyzed job reshuffling over the past three years, he said. The BLS shows the rate of job growth is up in the construction, manufacturing, health, education and food services industries. Despite the apparent end of the Great Resignation, the job market continues to hum along; the US economy added 339,000 jobs in May. The fact that quit rates are down indicates that there’s low confidence in the job market,” Kriegel said.

Persons: ”, Nicholas Bloom, that’s, “, Bloom, Nick Bunker, Jessica Kriegel, ” Kriegel, Bunker, “ There’s, there’s, ” Bunker Organizations: Los Angeles CNN, Federal Reserve, Stanford University, Bureau of Labor Statistics bolsters, Labor, BLS, Federal Reserve Bank of, Conference Board, Bed, Stanford, Workers, Gallup, Bank of America, Georgetown University Locations: Federal Reserve Bank of Atlanta

☆ Bidens offer 'joy' at White House Pride event as LGBTQ attacks mount
▼ + stars: | 2023-06-10 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

[1/6] A child wears sunglasses depicting the colors of the bisexual pride flag during a Pride Celebration hosted by U.S. President Joe Biden on the South Lawn of the White House, in Washington, U.S., June 10, 2023. REUTERS/Anna Rose LaydenWASHINGTON, June 10 (Reuters) - U.S. President Joe Biden on Saturday hosted the largest Pride celebration in White House history on Saturday, calling for new measures to protect the rights and safety of LGBTQ+ people amid a spate of what he called "terrifying" attacks and legislation. Biden, a Democrat, urged Congress to pass the "Equality Act" which would amend the 1964 Civil Rights Act to include sexual orientation and gender identity for protection alongside race, religion, sex and national origin, and ban assault weapons. "Today, we say loud and clear - that you belong, that you are beautiful, that you are loved," she said. Reporting by Andrea Shalal; additional reporting by Jeff Mason, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Anna Rose Layden WASHINGTON, Biden, picnicked, Pete Buttigieg, Rachel Levine, Jill Biden, Ron DeSantis, Andrea Shalal, Jeff Mason, Deepa Babington Organizations: U.S, White, REUTERS, Saturday, Transportation, Health, Human, Senate, Q, Republican, Biden, Gallup, Thomson Locations: Washington , U.S, Colorado Springs, Orlando , Florida, Florida, statehouses

☆ Gen Z is drinking less. That's bad news for concert venues that depend on alcohol sales for profits.
▼ + stars: | 2023-06-10 | by ( Brad Davis | ) www.businessinsider.com time to read: +4 min

That's worrying concert venues that depend on alcohol sales for their profits, Billboard reported. "Bar sales are important for every music venue, but especially for smaller ones," a talent agent told the magazine. That's because alcohol sales help keep the lights on at clubs around the country. David Slutes, who runs a venue called Club Congress in Tuscon, Arizona, said that he'd noticed alcohol sales had dropped up to 25% when booking shows for a Gen Z-focused crowd. Some venues told the magazine they're experimenting with renting out their facilities for more private events to make up for lost revenue.

Persons: Z'ers, —, it's, Evan Johnson, Daydream, David Slutes, he'd, Z, Dayna Frank, Nielsen Organizations: Gallup, Billboard, Service, Daydream State, Nielsen Locations: Seattle, Tuscon , Arizona

☆ When will the Supreme Court rule on Biden's student loan forgiveness? What borrowers need to know
▼ + stars: | 2023-06-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

For a number of reasons, Dan Urman, a law professor at Northeastern University, also predicts that student loan forgiveness won't survive the Supreme Court. Striking down forgiveness will add to growing skepticism that the conservative justices vote for conservatives, and the liberal justices vote for liberals. Dan Urman law professor at Northeastern UniversitySuch a politically fueled decision, however, is likely to further damage the public's perception of the judicial branch, Urman said. "Striking down forgiveness will add to growing skepticism that the conservative justices vote for conservatives, and the liberal justices vote for liberals," Urman said. Fordham law professor Jed Shugerman had tweeted after the February arguments that he was "struck by SG Elizabeth Prelogar's brilliant performance."

Persons: Douglas Rissing, Biden, Gregory Caldeira, wouldn't, Caldeira, Dan Urman, Urman, Elizabeth Prelogar, Jed Shugerman, SG Elizabeth Prelogar's, Shugerman, What's Organizations: U.S, Supreme, Istock, Getty, Republican, Ohio State University, CNBC, Northeastern University, Gallup, Fordham

☆ Biden to host thousands at White House Pride party
▼ + stars: | 2023-06-08 | by ( Nandita Bose | ) www.reuters.com time to read: +3 min

WASHINGTON, June 8 (Reuters) - President Joe Biden will host the largest White House Pride Month celebration in history on Thursday, in a deliberate contrast to a cascade of Republican legislation and other attacks targeting LGBTQ+ people. Biden, a Democrat, will host thousands of people on the White House's South Lawn for an evening celebration of LGBTQ+ families that will feature singer Betty Who and Baltimore DJ Queen HD. "This year we're seeing a disturbing surge in violent threats against LGBTQ community organizations," Tanden told reporters on a conference call. In April, the White House warned bills targeting LGBTQ kids and gender-affirming care for youth set a dangerous precedent. Florida has led restrictions of the LGBTQ community under governor Ron DeSantis, a Republican, who recently entered the battle for the 2024 presidential election, challenging Biden.

Persons: Joe Biden, Biden, Betty Who, Neera Tanden, Tanden, Barack Obama, Ron DeSantis, Nandita Bose, Jeff Mason, Trevor Hunnicutt, Heather Timmons, Gerry Doyle Organizations: White, Democrat, Baltimore DJ Queen, Republican, Gallup, Department of Education, Civil, The Department of Homeland Security, Department, Justice, Department of Health & Human Services, Human Rights, Thomson Locations: United States, statehouses, Florida, Washington

☆ Jimmy Carter's legacy: How he welcomed refugees
▼ + stars: | 2023-06-04 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +14 min

These steps Carter took during his presidency are still shaping the United States, decades after he left office. Because of Carter’s actions, hundreds of thousands of people fleeing persecution had a chance to come to the United States when he was commander-in-chief. A crisis that began before Carter took office was becoming increasingly dire by the day. That respect, Nguyen says, was earned by actions that Carter took that changed the course of her parents’ lives. “They were only able to do so because of the political courage exercised by President Carter,” she says.

Persons: Jimmy Carter’s, hasn’t, Carter, ”, Kai Bird, Jimmy Carter, Bird, Carter didn’t, Fred Ihrt, ” Carter, Bee Nguyen, it’s, Nguyen, ’, “, ” Nguyen, President Carter, AAPIHeritageMonth, –, ♥️, ince, ives, K unis,, inger, egina, sia, ould, ong, ake, ariel, haring, J, ross Organizations: CNN, CBS, The New York Times, White, ust, ashington Locations: United States, Southeast Asia, Vietnam, Saigon, Georgia, Thailand, Iowa, America, ife

☆ What It’s Like to Be a Queer Teenager in America Today
▼ + stars: | 2023-06-03 | by ( ) www.nytimes.com time to read: +16 min

teenagers, high school is a much more accepting place than even a decade ago. Their experiences highlight a “paradoxical finding,” as researchers have described it: Even as social inclusion for young L.G.B.T.Q. To better understand, we took a national poll and talked to two dozen high school students in five states. It’s a different world from when his older sister, Brianna Henderson, attended just seven years ago, when there were very few openly gay students. His home state has passed laws related to restroom use and sports participation for young transgender people.

Persons: ”, Reese Whisnant, They’re, Stephen T, Russell, It’s, Brianna Henderson, Reese Whisnant Barrett Emke, Henderson, Reese, shouldn’t, Gen, Jareth Leiker, Jareth, Ricardo Nagaoka, “, ” Jerry Strohecker, it’s, ” Adrian Soriano, Kansas Barrett Emke, “ Will, Grace ”, Jason Collins, Caitlyn Jenner, Kardashian, Matthew Rivas, Younger, nonbinary, “ You’re, Jeff Jones, “ It’s, I’m, ’ ”, Athena Stiles, Athena Stiles Barrett Emke, I’ve, Shaggy Sargent, Willow Menashe, Eleanor Woosley, Mr, Rivas, Koehl, GLSEN, ” Logan Hortenstine, ” Jayden, Florida Ricardo Nagaoka, ” Isaac Siegel, Wilson, Shelley L, Craig, “ They’re Organizations: Topeka, Republican, University of Texas, Austin, ”, The New York Times, Gallup, United States, Supreme, North, University of Illinois, New York Times, Social Survey, Topeka High, ” Pew Research Center, Centers for Disease Control, Research, American Academy of Pediatrics, American Medical Association, University of Toronto Locations: Topeka High, Kansas, Florida , Kansas, Iowa, Oregon, United, Portland ,, ” Jerry Strohecker , Oregon, Cape Coral, Fla, Shaggy Sargent , Iowa, Willow Menashe , Oregon, Southern, West, United States, Europe, ” Logan Hortenstine , Kansas, ” Jayden D’Onofrio, Florida, Portland, Wilson , Oregon, Canada, Beeville , Texas, ”

☆ What the Latest Investigations Into Catholic Church Sex Abuse Mean
▼ + stars: | 2023-06-02 | by ( Ruth Graham | ) www.nytimes.com time to read: +1 min

It detailed widespread sexual abuse of children in the Catholic Church throughout Pennsylvania, and a “sophisticated” cover-up by senior church officials. Victims of abuse and their families, sometimes visibly weeping, joined Mr. Shapiro on the stage. The report reverberated at the highest levels of the church, with the Vatican expressing “shame and sorrow” over the findings. Now the results of those investigations are rolling out, refocusing attention on the sprawling abuse scandal, and in some cases providing fresh details. The attorney general of Illinois, Kwame Raoul, released a report in May that found more than 450 credibly accused child sex abusers in the Catholic Church in Illinois since 1950.

Persons: Josh Shapiro, Shapiro, ”, Kwame Raoul Organizations: Catholic Church throughout, Gallup, Catholic Church Locations: Pennsylvania, Harrisburg, Pa, Catholic Church throughout Pennsylvania, United States, Illinois

☆ Americans’ outlook on retirement darkens to an 11-year low
▼ + stars: | 2023-05-24 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Just 43% of nonretired adults think they will have enough money to live comfortably when they retire, according to Gallup. The percentage of adults expecting to live comfortably in retirement is down by five percentage points over the past year and ten percentage points since 2021. A record-low 19% of lower-income adults expect to live comfortably, according to Gallup, which began tracking these measures in 2002. 36% of middle-income adults expect to retire comfortablyYounger Americans are more optimistic about their retirement outlook, with 54% of those aged 18 to 29 saying they expect to have enough money to live comfortably. Those awaiting retirement expect to be forced to rely more on 401(k), IRA and other retirement savings accounts.

Persons: Gallup, Mohamed Younis, ”, Younis, Joe Biden, George W, Bush Organizations: CNN, Gallup, “, Social Security, University of Michigan, —

☆ Why retail theft is soaring: inflation, the economy – and opportunity
▼ + stars: | 2023-05-23 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

But as economic fears grow amid inflation and rising borrowing costs, shoplifting often comes with the territory, industry watchers say. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. He described two types of store theft plaguing retailers currently. “This is organized retail crime. “What’s happening in the overall economy matters when you analyze retail crime overall, but also what is happening more locally, in towns and neighborhoods,” said Hayes.

Persons: Nordstrom, can’t, ”, Read Hayes, criminologist, Hayes, Burt Flickinger, “, Mark Cohen, Cohen, Brian Cornell, Cornell, ” Cornell, that’s, Doug McMillon Organizations: New, New York CNN —, Foods, University of Florida, Prevention Research Council, Walmart, Target, Strategic Resource, Gallup, Columbia Business School, National Retail Federation, CNN, ” Walmart, CNBC Locations: New York, San Francisco, Target

Mortgage rates increased earlier this week and are holding steady today. All this takes the upward pressure off of mortgage rates, which wil likely allow them to finally trend down. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

☆ A bright spot in the economy is at risk as 30 million Americans face student loan payments for the first time since the pandemic
▼ + stars: | 2023-05-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

More than 43 million Americans together owe $1.6 trillion in student loans. That additional load could weigh on consumer spending, and eventually increase delinquencies on other payments like credit cards and personal loans, strategists said. "We view the resumption of student loan debt payments as an incremental headwind for borrowers and consumer finance companies," BofA said. This, in other words, means the odds of the hotly-anticipated recession are about to go up as consumers divert cash back to student loan payments. Do you have student loans?

☆ Americans think gold beats stocks as a long-term investment. Advisors disagree: 'It's more like a speculation'
▼ + stars: | 2023-05-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a recent Gallup poll. The share surpassed that of stocks: 18% of Americans ranked stocks as the top long-term holding, down from 24% last year, according to the survey. It was the first time since 2013 that their perception of stocks was below that of gold. "As a long-term investment, [gold] is a very poor solution," said Charlie Fitzgerald, a certified financial planner and principal of Moisand Fitzgerald Tamayo in Orlando, Florida. Stocks beat gold over the long term

☆ Americans' confidence in Powell hits a low mark for a Fed chief, poll shows
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] Federal Reserve Chairman Jerome Powell holds a news conference after the release of U.S. Fed policy decision on interest rates, in Washington, U.S, May 3, 2023. Just 36% of respondents to a Gallup poll taken last month said they had either a "great deal" or "fair amount" of confidence in Powell. That downswing has played out alongside a surge in inflation that Powell and other economic leaders were slow to recognize and take action against. Powell, though, was not alone in seeing the U.S. public lose faith in his capabilities. The poll also found declining confidence in congressional leaders from both parties.

☆ Gallup poll: Americans have low confidence in Biden, Powell and Yellen on the economy
▼ + stars: | 2023-05-09 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Even with the unemployment rate tumbling to historic lows, nearly half (48%) of Americans say they have almost no confidence in Biden on the economy. Only 36% of Americans say they have confidence in Powell on the economy, a new low during Powell’s six-year tenure as Fed chief, while 28% say they have almost no confidence. The poll, taken April 3 to April 25, demonstrates how the anxiety caused by high inflation continues to overshadow the nation’s surprisingly strong job market. The economy added 253,000 jobs in April, dropping the unemployment rate to 3.4% — tied for the lowest since 1969. Gallup notes that confidence in leaders tends to rise and fall along with the fortunes of the economy.

☆ The top commentators in markets say the bank crisis isn't anywhere close to over.
▼ + stars: | 2023-05-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Today we're looking at what some of Wall Street's top investors and commentators say has to happen to curb the banking tumult. The shuttered bank had disclosed in its first-quarter earnings report that customers pulled over $100 billion of deposits in three-months. But even if the regulator did insure more money, former FDIC chair Jelena McWilliams said Thursday a move like that would only cost banks' customers more. A stock market portfolio created by ChatGPT is outperforming the top UK investment funds. Stock market investors should keep an eye out for five key indicators with volatility set to ramp up through the end of the year.

☆ Premarket stocks: Why these bank stocks aren't getting crushed
▼ + stars: | 2023-05-04 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

First Horizon (FHN) and TD Bank (TD)also called off a $13 billion deal Thursday that would have formed America’s sixth-largest bank. The Stoxx Europe 600 Banks Index, which tracks big EU and UK banks, has shed 14% over the same period. Year-to-date, European banks are up more than 3%, while US lenders are down 26%. Broader market dynamics have also helped European bank stocks. The European Central Bank, which meets Thursday, has also been slower than the US Federal Reserve to hike interest rates.

☆ Nearly half of Americans are nervous about their money in the bank, Gallup survey finds
▼ + stars: | 2023-05-04 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

CNN —Nearly half of American adults say they are concerned about the safety of the money they keep in banks, according to a Gallup poll released on Thursday. Gallup said 48% of US adults say they are concerned about the money they have in banks and other financial institutions, including 19% who are “very” worried. Another 29% said they are “moderately” worried. Most Republicans (55%) and independents (51%) say they are at least “moderately” worried about their money in the bank, but just 36% of Democrats said so. The Gallup survey found that roughly half of Americans with an annual household income below $100,000 are worried, compared with 40% of those with higher income.

☆ US Declining Population, Worker Shortage Will Cause Economic Crisis Without a Fix
▼ + stars: | 2023-05-04 | by ( Gadel Valle | ) www.businessinsider.com time to read: +15 min

That means that unless people start having a lot more kids, the US population could eventually start to shrink — just like China's population has. While the US population has managed to avoid an outright drop, population growth reached an unprecedented low of 0.12% in 2021. One way the US could encourage more immigration is by focusing on temporary visas for specific industries that need workers. And the treatment of workers in the country on temporary visas has been a problem for decades. After all, the US is running out of options, and soon its growing people shortage is going to spell economic disaster.

☆ What John Blake discovered when he met the White mother he never knew
▼ + stars: | 2023-04-30 | by ( John Blake | ) edition.cnn.com time to read: +25 min

It’s a story about my mother, and the White relatives who shunned me at birth—and still somehow became family. I now know one of the reasons my family didn’t tell me about my mom’s illness is because they didn’t know how. I vividly recall thinking as I looked at my mom: I didn’t know a White person could suffer like this. I saw White, Black, and brown people hug and call each other “brother” and “sister” after worship service. John Blake is a Senior Writer at CNN and the author of “More Than I Imagined: What a Black Man Discovered About the White Mother He Never Knew.”

☆ Following the invasion of Ukraine, majority of the world disapproves of Russia's leadership for the first time: new poll
▼ + stars: | 2023-04-25 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +3 min

The majority of the world now disapproves of Russia's leadership, Gallup found. A median of 57% across the 137 countries surveyed disapprove of Russia's leadership. The majority of the world now disapproves of Russia's leadership — a first in the history of Gallup tracking ratings of world leaders, which began in 2007. Just a year before, that number stood at 38% — showing how disapproval of Russia's leadership skyrocketed worldwide after the invasion of Ukraine. As the conflict continues, it's possible that Russia's leadership could continue to face growing levels of disapproval across the world.

☆ How to 'quiet quit,' from a former teacher who did it for 2 years so she could enjoy a better life while still getting a paycheck
▼ + stars: | 2023-04-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Maggie Perkins, 30, engaged in "quiet quitting" while working as a teacher beginning in 2018. In 2018, she decided she needed a change and began engaging in what's recently become known as "quiet quitting." Perkins prefers the term "quiet working," however, because many teachers genuinely engage in their jobs and don't want to quit. She believes the term "teacher shortage" is a misnomer: It's a "teacher exodus." If you have a story to tell about "quiet quitting" reach out to this reporter at jzinkula@insider.com.

☆ Private school vouchers are shaping up to be huge part of the 2024 election as GOP candidates work to 'one up' each other on the issue
▼ + stars: | 2023-04-15 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +12 min

The GOP movement toward "school choice" is gaining momentum in many states. GOP presidential candidates have promised to send more public money to private schools. While battles over how classrooms should teach about race and LGBTQ topics have fired up the GOP base, the expansion of school vouchers is taking hold in red states. Spar said vouchers amounted to "using taxpayer money to go to private schools and home schools with practically no accountability." As Congress then turned its attention toward COVID pandemic relief, at least one bill that didn't pass had funding for private schools and homeschooling.

☆ EPA proposes new tailpipe rules that could push EVs to make up two-thirds of new car sales in US by 2032
▼ + stars: | 2023-04-12 | by ( Ella Nilsen | ) edition.cnn.com time to read: +6 min

The agency anticipates the new rules would mean EVs could also make up nearly half of all new medium-duty vehicles, like delivery trucks, by model year 2032. One expert told CNN the Biden administration’s proposal is a pivotal moment for the US auto industry and consumers. Six in 10 respondents said they believe EVs help the environment “only a little” or “not at all,” Gallup reported. “Folks who purchase electric vehicles will see a cost savings over the lifespan of the vehicle, because they’re not having to buy gas, having to pay for maintenance,” Regan said. That means much of the US car industry will already be transitioning ahead of the proposed federal rules.

☆ A top tip for central banks: talk less, smile more
▼ + stars: | 2023-04-11 | by ( Ben Winck | ) www.reuters.com time to read: +8 min

WASHINGTON, April 11 (Reuters Breakingviews) - Investors hang on central bankers’ every word, hoping to gain an edge for their next trade. But with consumer prices rising at the fastest pace in decades, central bankers can’t easily cut borrowing costs, either. Chatty central banks are a relatively new phenomenon. Investors are also more sensitive to central banks today than in years past. Still, being more careful about what’s said, and how it’s said, could help central banks better balance their priorities.

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