Executive Leadership Briefing

Executive Leadership Briefing

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Executive Leadership Briefing episodes

  • OPEC unlikely to offer relief as oil prices soar - March 3, 2022
    Turbine Labs Announcement: Amid the crisis in Ukraine, Turbine Labs will provide pro bono daily media and influencer intelligence briefings for journalists reporting on the ground. We are extending that offer to our Daily Executive Briefing customers as a courtesy to keep you informed and updated on the shifting landscape. Sign up https://share.hsforms.com/1sRcM6kyHT16hloaXTpJlLQ2bl4b (here).
    U.S. oil climbed to the highest level in more than a decade after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady. With countries now shunning oil from key producer Russa, traders are concerned supply shortfalls will follow. Experts warn the average gas price in some U.S. cities will reach $5 a gallon in the upcoming weeks.
    The White House released a sweeping COVID-19 plan Wednesday, marking a new era in the pandemic in which the virus is still circulating but can hopefully be managed. The plan involves the availability of free rapid tests as well as free N95 masks. If funding is secured, the plan will also include new facilities for people dealing with long COVID.
    The U.S. accused Russia of launching a “full war on media freedom and the truth” by blocking independent news outlets as well as throttling Twitter, Facebook and Instagram platforms that Russian citizens rely on to access information and opinions. TikTok has shaped views of the conflict and contributed to an intense wave of global sympathy for Ukraine, enforcing the app’s role of bringing news to its Gen Z audience.
    Rising food prices are emerging as a significant headwind to the economic recovery from the pandemic this year, exacerbated by Russia’s invasion of Ukraine. Russia is a major supplier of every crop nutrient, and soaring fertilizer prices are likely to further increase the cost of food. A new poll found consumers are overestimating food inflation and more than half of respondents said it seems like more products are out of stock at the grocery store.
    Walmart rolled out a virtual dressing room, allowing shoppers to pick a person who resembles their height, shape and skin tone to see how a clothing item would fit. The development comes as more clothing companies dip their toes in the metaverse – American Eagle will soon allow consumers to create avatars and dress them in the brand’s spring collection.
    CONTENT FACTS.
    https://turbinelabs.com/ (Turbine Labs) has tracked 27,669 media articles and blogs and 20,468 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Friday, March 4, at 9:30AM ET.
    Questions or feedback? Don't hesitate to https://turbinelabs.com/contact-us/ (reach out) to us directly.
    3 min
  • Russians turn to crypto amid increasing sanctions - March 2, 2022
    President Joe Biden’s State of the Union address focused on Ukraine, inflation and the pandemic, garnering a positive reaction among nearly three-quarters of Americans who watched. Good marks are typical for presidential addresses to Congress – the president’s overall approval rating remained at 44% Tuesday morning. Few wore masks in the House chambers Tuesday night in accordance with the masks-optional guidance issued by the Capitol’s attending physician earlier this week.
    The harsh sanctions imposed on Russia and the resulting crash of the ruble forced the Kremlin to find workarounds to the Western economic blockade in gold reserves and cryptocurrency. Bitcoin jumped 13% since Monday and other cryptocurrencies moved higher following the ruble’s plunge. Analysts believe virtual currencies will gain more traction amid volatility stemming from geopolitical tensions.
    To get inflation under control, Biden called on companies to lower their costs and not their wages, as well as increasing the federal minimum wage to $15 an hour. Target said it will raise its minimum wage as high as $24 per hour this year, depending on the local market. The retailer hopes to buoy the growth it’s seen over the last two years by building more stores and e-commerce hubs to encourage new lines of business.
    Tech giants like Google, Meta and Twitter are grappling with how to wield their power as their platforms become battlefields for a parallel information war and a vital link amid Russia’s invasion of Ukraine. By blocking Russian state-run media and monitoring for cyberattacks, tech companies are becoming more actively involved than corporations have been in past military conflicts.
    Remote work is proving to be more persistent than anticipated, hitting the finances of U.S. cities banking on commuters getting back to the office. About 75% of the increase in telework over the course of the pandemic will likely stick, hitting municipalities that rely on revenue from tax on lunches to wages earned in city and parking fees. To proof themselves against such losses, experts suggest cities consider modernizing their tax base by taxing online goods and services.
    CONTENT FACTS.
    https://turbinelabs.com/ (Turbine Labs) has tracked 30,144 media articles and blogs and 17,169 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Thursday, March 3, at 9:30AM ET.
    Questions or feedback? Don't hesitate to https://turbinelabs.com/contact-us/ (reach out) to us directly.
    4 min
  • Judge Ketanji Brown Jackson nominated to U.S. Supreme Court - February 28, 2022
    President Joe Biden nominated Judge Ketanji Brown Jackson to the Supreme Court on Friday to replace retiring Justice Stephen G. Breyer. The selection of Judge Jackson, a former public defender who clerked for Justice Breyer, was praised by some members of Congress and criticized by others as a pick of the “radical left.” Senators set a tentative confirmation goal for April 8 although the invasion of Ukraine and the absence of Sen. Ben Ray Lujan of New Mexico could affect the timeline.
    Economic ripples from the Russian invasion of Ukraine reverberated across global industries as automakers announced manufacturing stops and tanker freight rates soared since fighting began. The European Union and Canada additionally announced airspace closures to Russian flights while fintech companies involved in global money transfers found themselves thrust into the conflict, with transfers of money in and out of the two nations becoming more difficult.
    Recruiters for large tech companies such as Amazon and Google have steadily increased cash incentives to attract talent as the “lure” of stock has become less attractive amid unsteady markets and rising inflation. Some observers argued that the move may partly be in response to cryptocurrency startups luring talent away from larger tech companies by offering up to a third more in cash bonuses.
    President Biden will deliver his first State of the Union address this week framed by low approval ratings and global crises. Although the President is expected to lay out an agenda addressing significant challenges such as pandemic recovery and inflation, expectations are low that the administration will succeed, according to recent polling. Fencing was reinstalled around the U.S. Capitol building in preparation for the speech.
    Microchip giant Nvidia reportedly suffered a cyberattack that affected internal systems including company emails and developer tools. The attack was not related to the ongoing Ukraine crisis, according to sources close to the incident. In a development some called “bizarre,” the hacker group that claimed responsibility for the attack said they suffered a counterattack of their own from Nvidia. Observers said this may signal a new willingness from companies to “think outside the box” when it comes to countering cyber threats.
    CONTENT FACTS.
    https://turbinelabs.com/ (Turbine Labs) has tracked 14,540 media articles and blogs and 10,975 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Tuesday, March 1, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.
    4 min
  • Companies overhire to combat high turnover - March 1, 2022
    A new dataset from health officials in New York found that Pfizer’s COVID-19 vaccine is far less effective at preventing infection in children aged 5 to 11 compared to older kids. The findings raised concerns that health officials may have chosen the wrong company’s shot to approve for kids. The Pfizer vaccine is the only one approved for young children in the United States.
    Economic analysts reported Russia’s economy is facing a potential “meltdown” as the Russian ruble reached a value below 1 U.S. cent and Russia’s central bank doubled a key interest rate to roughly 20%. Analysts cautioned that the economic pressure may lead to a run on Russian banks as the country’s citizens attempt to hoard cash and secure deposits. Experts predicted that Sberbank, Russia’s largest lender, is likely to fail within the coming days.
    Conservative justices signaled skepticism for allowing the EPA to regulate emissions of power plants without express approval from Congress during Supreme Court arguments on Monday. Experts said a ruling against the agency would be a significant blow to the EPA’s ability to regulate the energy sector at a time when climate scientists heightened warnings about the quickening pace of climate change.
    TD Bank announced the acquisition of Memphis-based First Horizon in an all cash deal that analysts said will give the financial giant a significant presence in the Southeast. The deal, valued at $13.4 billion, would place TD Bank as a top six bank in the United States. TD Bank said it has no plans to close branches or let go of frontline bank employees.
    Companies have recently overhired in an effort to combat uncertainty as unstable demand and high turnover rates fostered unpredictability within a number of industries. Some companies have overhired by roughly 40% with plans to “prune” staff as labor needs become more clear. While the hiring strategies provide some security for companies, hourly employees reported increased insecurity due to overhiring practices.
    Turbine Labs has tracked 16,531 media articles and blogs and 24,268 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Wednesday, March 2 at 9:30AM ET.
    Questions or feedback? Don't hesitate to https://turbinelabs.com/contact-us/ (reach out) to us directly.
    3 min
  • CDC to ease pandemic mask guidelines Friday - February 25, 2022
    On Feb. 25, 2020, Turbine Labs began publishing our Daily Executive Briefing, a summary of the most relevant news on the pandemic as it shifted from nascent to the new normal. Over the past two years, in more than 500 editions, Turbine Labs has provided our readers with impactful information to start their day, and we remain committed to that mission. We value your readership and thank you for your support.
    U.S. consumer spending rose 2.1% in January despite price hikes and a surge in COVID-19 infections, but could cool in coming months if inflation continues to increase amid Russia’s invasion of Ukraine, economists forecast. Despite an increase in spending, roughly nine in 10 adults report being concerned about inflation. Additionally, the number of Americans filing for unemployment benefits fell to 232,000 last week.
    Federal officials plan to significantly loosen COVID-19 federal mask-wearing guidelines on Friday, including new metrics for when communities should consider recommending masks, according to officials. The new guidance will focus on loosening indoor masking requirements and come as many states have already lifted their indoor mask mandates as omicron subsides.
    Thousands of flights were canceled Thursday ahead of another winter storm that was expected to create dangerous and icy travel conditions and raise the risk of power outages across the Northeast on Friday. U.S. airlines canceled more than 2,000 Thursday flights, with roughly two-thirds of them going to and from Dallas, and have already canceled 1,100 Friday flights.
    U.S. mortgage applications fell to their lowest level in more than two years last week amid rising mortgage rates. Applications decreased 13.1% as mortgage rates hovered just below 4% for a second week, putting stress on potential buyers faced with high prices and low inventory. Applications to refinance dropped 15% weekly, 56% lower than compared to one year ago
    President Joe Biden announced new sanctions Thursday restricting the exports of some products from the U.S. to Russia that are essential to Moscow, but Russian forces continued to move by air and land to attack Ukraine’s capital Kyiv. The sanctions also target Russian banks and elites with close ties to Putin, freezing every asset Russia has in the U.S.
    CONTENT FACTS.
    https://turbinelabs.com/ (Turbine Labs) has tracked 20,833 media articles and blogs and 13,491 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Monday, February 28, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.
    4 min
  • White House unveils plan to strengthen long-term US supply chains - February 24, 2022
    The U.S. and its allies unveiled further, sweeping sanctions against Russia after the country launched an unprecedented military invasion on Ukraine Thursday, hitting cities and bases with airstrikes or shelling. Ukrainian officials said upwards of 40 soldiers and 10 civilians have been killed since the invasion began in what Ukraine called a “full-scaled war.”
    Uncertainty flooded U.S. markets after Russia’s invasion of Ukraine, pushing stocks down and lifting the prices of oil, gold and government bonds. Oil prices hit an eight-year high and gas prices are expected to surge even higher after President Joe Biden’s expansion of Russian sanctions. Global unrest is expected to heighten pressure on the global economy, with Europe likely to bear the brunt of the economic impact.
    The Biden administration announced several new actions Thursday intended to ease supply chain disruptions and geopolitical tensions, including a “Buy American” rule that would allow the federal government to pay more for certain “critical” domestic-made products. The White House will also expand access to capital for small manufacturers, open a $450 million Department of Transportation program and use the Defense Production Act to build and expand the health resources industrial base.
    U.S. companies struggling to fill job vacancies are increasingly promoting remote or hybrid work arrangements to recruit employees. One survey found 60% of firms with more than 500 employees now use work-from-home options to recruit full-time employees. Companies like Google have decided to restore office perks like gyms and massages as COVID cases continue to ease.
    Extreme wildfires are expected to become more frequent and intense, increasing by around 50% by the end of the century, according to a new U.N. report. Researchers found there is an elevated risk in the Arctic and other regions that were previously untouched by wildfires. The report said that climate change, rising temperatures and changes to the way we use land will drive the threat, with the report calling for a radical reallocation of financial resources to fire prevention.
    CONTENT FACTS.
    Turbine Labs has tracked 31,556 media articles and blogs and 20,048 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Friday, February 25, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.
    4 min
  • Global airline seat capacity rises despite variant concerns - December 15, 2021
    DocuSign became one of the latest companies to postpone its return to office date, underscoring the uncertainty many executives are experiencing in the face of the omicron variant. DocuSign joins companies like Ford Motor, Lyft and Google in telling employees it will reassess plans in 2022. Though office occupancy across the U.S. rose to 40% this month, the reality of a full-scale reopening remains nebulous.
    Why workers shouldn't return to offices before April: Dr. Vin Gupta - CNBC
    Fidelity, Morgan Stanley prepare for continued COVID-19 concerns - Reuters
    Companies Upend Plans on Covid-19 Vaccines and Office Returns, Again - The Wall Street Journal
    @sharonodea: Morgan Stanley CEO says he was wrong on getting people back to the office.
    A new study on longevity found nearly half of children today can expect to live to the age of 100, and that over the course of 100-year-lives, most can expect to work 60 years or more. Currently, the average retirement age in the U.S. is 62. The study comes as more lawmakers throw support behind a bill that would bring a four-day work week to America. The measure is a move toward a “modern-day business model,” that aims to improve the quality of life for many workers across the country.
    More Americans see inflation as the greatest risk to retirement plans - CNBC
    You're Going to Work a Long Time. Here's How to Build in Breaks. - The New York Times
    @RickSmithShow: There's a bill in the House that has 100 cosponsors signed on that would change the 40-hour work week to a 32-hour work week. There isn't enough support yet for it to pass, but it's a start.
    Companies are scrambling to understand the “Log4j” vulnerability, a digital flaw embedded in an incredibly popular and common software tool. Over the weekend, the Department of Homeland Security discussed efforts to help private-sector partners fix the problem and urged all companies to upgrade their software. Experts hope the chaos sparks a larger conversation surrounding preparation against similar attacks in the future.
    Feds scramble to assess security flaw that threatens 'hundreds of millions' of devices - Politico
    Log4j exploits attempted on 44% of corporate networks; ransomware payloads spotted - VentureBeat
    The Log4J Vulnerability Will Haunt the Internet for Years - Wired
    Global airline seat capacity is up almost 4% this week, indicating carriers’ short-term plans haven’t been disrupted by the omicron variant. The long-term trend still remains largely dependent on potential travel restrictions. While leisure travel remains steady, corporate travel expenditures have dropped and overall, business travel remains less than a third of what it was in 2019.
    Winter holiday travel will be back with a vengeance, travel groups predict - CNN
    What pandemic? Miami airport sets Thanksgiving travel record - Associated Press
    @MoodysInvSvc: As we look towards 2022, our outlook for the global passenger airlines industry is positive. Variants will delay, not derail, recovery of global air travel demand.
    A new investigation found school enrollments across the country are declining for the second-straight year, particularly in some of the nation’s largest school systems. Educators have expressed concern over the vulnerable students who may have fallen behind amid the widespread economic and social disruption caused by the pandemic.
    “Colorado's public education system is in crisis…our students don't deserve this.” - CPR News
    Enrollment declines squeeze local school finances - Cal Matters
    Foreign student enrollment at US universities fell 15% amid COVID-19 - Pew Research Center
    "How Is Omicron Affecting Air Travel?" - The Wall Street Journal / Source: U.S. Transportation Security Administration
    CONTENT FACTS
    Turbine Labs has tracked 26,728 media articles and blogs and 18,829 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Thursday, December 16, at 9:30AM ET.
    Questions or
    4 min
  • CDC shortens recommended quarantine time - December 28, 2021
    The Centers for Disease Control and Prevention shortened the recommended times that asymptomatic people should isolate if they’ve tested positive for COVID-19 from 10 days to five days. Scientists said staffing shortages, not only in hospitals but also in restaurants, retail and airline workforces, increased the urgency of re-evaluating isolation periods.
    Between Christmas and New Year's, doctors expect the Omicron surge to grow - CNN
    As Omicron Spreads, Governments Race to Ease Staff Shortages - The Wall Street Journal
    Omicron could force many workers who test positive to quarantine under federal mandate, intensifying labor shortages - USA Today
    Airlines have canceled more than 4,000 flights since Christmas Eve as the spread of the omicron variant of COVID-19 skyrocketed sick calls from flight crews. Airlines expect the year-end holiday period to include some of the busiest days since the pandemic began – the Transportation Security Administration screened 13.6 million people over the last week.
    Fauci says US should consider domestic flight vaccine mandate; more planes grounded - Reuters
    Hong Kong to Make Air Cargo Crew Do 3-Day Hotel Quarantine - Bloomberg
    @David_Slotnick: Delta, which was the first of the airlines to ask CDC to shorten the isolation guidelines, says it’s working to implement the new 5-day policy
    President Joe Biden pledged to ease a shortage of COVID-19 tests as the omicron variant drives up cases, conceding not enough has been done this year to expand testing capacity. Biden ordered 500 million at-home rapid tests that Americans can obtain for free, but they arrived too late to mitigate disruptions of winter holiday plans.
    The Biden Administration Rejected an October Proposal for “Free Rapid Tests for the Holidays” - Vanity Fair
    New York expands coronavirus testing as case counts continue to climb. - The New York Times
    @HannaMordoh: If you get your hands on an at-home COVID-19 test... how accurate is it? Doctors say make sure the test kit is on the FDA's approved list
    The omicron variant continues to disrupt the plans of many companies that had prepared to reopen offices for hybrid or full-time in-person work in early 2022, including Wells Fargo, Clorox and Apple. Goldman Sachs, one of Wall Street’s staunchest advocates of returning employees to offices, will make COVID-19 vaccination boosters compulsory.
    World Hits Record Daily Covid Cases as Omicron Mars Christmas - Bloomberg
    Return to office paused (again) as COVID rages: Will we ever go back? - USA Today
    NYC Tries New Approach: Vaccine Mandate for Private Employers -The New York Times
    Economists expect the omicron variant to dent the global economy in early 2022, but overall predict the year to be a transition toward normalcy. Credit- and debit-card data indicate that spending in services-related categories like airlines and restaurants remained depressed last week.
    Holiday shopping fuels the return of credit card debt - CNBC
    China Vows Proactive Moves to Stabilize Economy in 2022 - Bloomberg
    World economy to top $100 trillion in 2022 for first time: report - Reuters
    A seemingly endless line of cars waits at a drive-through Covid-19 testing site in Miami, Florida, on December 22. - Vox / Source: Joe Raedle/Getty Images
    CONTENT FACTS
    Turbine Labs has tracked 12,982 media articles and blogs and 18,027 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Wednesday, December 29, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.
    3 min
  • Startup market fueled by record investment rush in 2021 - January 3, 2022
    Goldman Sachs told its U.S. employees to work from home for the first two weeks of the year, joining Wall Street competitors that had already given similar instructions as COVID-19 infections surge. Bank of America previously announced plans encouraging employees to work remotely for the first week of January and JPMorgan Chase and Citigroup also told employees to work from home.
    The 'Great Redefinition' Of Work In 2022 - Forbes
    After a muted New Year's weekend, US braces for more Covid disruptions as students return to school - CNN
    Wastewater samples reveal record levels of coronavirus across US - NBC News
    The Centers for Disease Control and Prevention is considering adding testing requirements to its new isolation guidelines for asymptomatic COVID-19 patients, though it’s still unclear whether positive tests would require further isolation. The CDC has received pushback on its new guidelines announced last week that shortened its isolation recommendation to five days.
    Manufacturers rush to ramp up rapid COVID test production as demand soars - NPR
    'CDC Says' Jokes Trend After New Covid-19 Isolation, Quarantine Guideline Changes - Forbes
    @palafo: CDC guidance has said vaccinated people don’t have to quarantine if exposed but should get tested 5 days later. Testing experts, however, say that’s not soon enough for fast-incubating Omicron. The best times to test are on Days 2, 3 and 4 after exposure.
    A notable rush of funding has flooded the high-risk category of early-stage startups in the past year as investors try to get into companies before they have a staff or product. While the startup sector has been deluged with increasing amounts of cash for much of the past decade most has traditionally gone to later-stage private companies. In 2021, investors pumped $93 million into seed-stage and early-stage startups in the U.S., compared to $52 billion for all of 2020.
    US Investors Revisit Africa, Helping Startups Cap Record Year - Bloomberg
    Record number of unicorns and IPOs: Indian startups raised $39B in 2021 - TechCrunch
    @eliotwb: I wrote a story on startups including a company that wants to recreate the wooly mammoth and has raised $16 M and its slide decks says its monetization options include “mammoth park attractions"
    Experts predict 2022 will largely remain an employee’s market, but that trend will slowly fade. There are currently a lot of job openings and people looking for work can often take their pick or negotiate for what they want. The economy has seldom seen such a mismatch between so much demand for workers and so few people willing to work, prompting questions about how much some of America’s most vital sectors can continue to rely on a relatively low-paid workforce.
    Stocks Face Rockier Path in 2022 as Fed Rate Increases Loom - The Wall Street Journal
    What Social Trends Told Us About the American Economy in 2021 - The New York Times
    Global economy and development in 2021: What we learned in Brookings Global - Brookings
    Studies show many Americans are struggling to make basic decisions and having even more difficulty when it comes to major life choices, largely due to the pandemic. Experts say milestone moments, like the start of a new year, can push humans toward big-picture thinking. A new exhibit at the Smithsonian is offering a solution to those facing decision fatigue – AI that generates New Year’s resolutions.
    Decision-making in the time of omicron - NPR
    Going Out and Worried About Covid Safety? There’s a Calculator for That. - The New York Times
    Coronavirus risk calculations get harder as a study suggests rapid tests may be less effective at detecting omicron - The Washington Post
    @NHendersonWSJ: Worn out from nearly two years of the pandemic, many of us are paralyzed when it comes to major life choices and quotidian decisions alike
    "The most unusual job market in modern American history, explained" - The Washington Post / Source: Bureau of Labor Statistics...
    4 min
  • Workplace class action settlements hit new highs in 2021 - January 4, 2022
    The U.S. reported a record 1,082,549 new coronavirus cases on Monday, as the highly infectious omicron variant continues to spread like wildfire throughout the country. The heavily mutated variant drove the record surge, which broke the U.S. case record by almost double last week’s record of 590,000, staggeringly more than any country has ever reported. Hospitalizations are up 41% in the past two weeks but remain below the pandemic peak.
    Omicron Cases Are Hitting Highs, But New Data Put End in Sight - Bloomberg
    Free at-home COVID-19 tests: When will they be here? - CNET
    @jburnmurdoch: With a variant that spreads so far and so fast, the Omicron wave more than any other will be exceptionally good at seeking out the last few unprotected people, so even a small difference in the immunonaive share of the population could make a big difference to ICU pressure
    The U.S. Food and Drug Administration authorized the use of a third booster dose of the Pfizer COVID-19 vaccine on Monday for children ages 12 to 15 in addition to narrowing the interval for booster shot eligibility to five months from six. The approval comes as many schools scheduled to return after the holiday break decided to delay this week’s in-person learning following record COVID-19 case levels fueled by the omicron variant.
    ‘Insurmountable’: Parents Grapple With Omicron’s Upending Force in Schools - The New York Times
    @AliBaumanTV: Students are going back to school this week but many families are struggling to find a COVID test after the holidays, and then have to wait days for the results. @CBSNewYork
    @charlielangton: #NEW Detroit Public Schools @Detroitk12 will be virtual starting this week and continuing until at least January 14 due to 40% #Covid_19 infection levels. @WWJ950 @FOX2News #Detroit #schools #Infection
    Starbucks announced its 220,000 U.S. workers must be fully vaccinated against COVID-19 or undergo weekly testing starting Feb. 9 to comply with the Biden administration’s vaccine mandate going into effect next week. Employees who choose to undergo weekly testing will be responsible for acquiring their own federally approved tests and submitting results.
    The Supreme Court has upheld state and local vaccine mandates. That may not save Biden's. - CNN
    Judge grants relief to Navy SEALs who refused coronavirus vaccine, sued Biden administration - The Washington Post
    U.S. job openings are expected to have ended 2021 at a record high in a labor market where the gap between available positions and workers continues to widen. There were roughly 12 million job openings at the end of December, according to estimates, marking a 1 million increase in openings since the end of October. As the Great Resignations continues to affect the labor market, employers are gearing up to boost spending on pay in 2022, with companies setting aside an average 3.9% of total payroll for wage increases in 2022, the largest increase since 2008.
    Quitting is just half the story: the truth behind the ‘Great Resignation’ - The Guardian
    The flip side of the ‘great resignation’ — a small-business boom - NBC News
    Mapped: States are raising minimum wage - Axios
    Workplace class action settlements set a new record of $3.62 billion in 2021 compared to $1.58 billion in 2020 and $1.34 billion the year before that, according to Seyfarth Shaw’s Workplace Class Action Litigation Report. The report noted that based on volume and statistical numbers, workers scored the most success in securing certification of wage and hour class actions when compared to other areas of workplace law. The report predicts 2022 litigation trends will continue to be affected by COVID-19 in addition to an increase in government enforcement litigation.
    Morgan Stanley settles personal data breach lawsuit for $60 million - The Washington Post
    Riot Games will pay $100 million to settle discrimination lawsuit - The Verge
    "Quitting is just half the story: the truth behind the ‘Great Resignation’" - The Guardian /
    4 min

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