Executive Leadership Briefing

Los Angeles approved one of the nation’s strictest vaccine mandates Wednesday – a measure that would require the shots for everyone entering locations like bars, restaurants, nail salons and gyms. Employers are seeing success with vaccine mandates, with United Airlines, Tyson Foods, New York City schools and the NBA reporting vaccination rates that top 90%.

Biden to Speak About Vaccine Mandates in Chicago - The New York Times

Workers face mounting pressure to get their shots — or get fired - CBS News

A Mississippi news anchor is off the air after refusing a coronavirus vaccine - The Washington Post

@KayleeHartung: Get your vaccine cards ready LA

Republicans offered a short-term debt-limit extension, helping stave off immediate concerns about a possible government default and pushing U.S. stock future higher Thursday morning. Concerns over whether the Treasury would be able to raise money to pay its bills have weighed on investors this week.

What the Debt Ceiling Means for Social Security and More - The New York Times

How The Debt Ceiling Debate Impacts The Average American - Forbes

@WSJecon: Negotiations on the details of a debt-limit extension went late into the night Wednesday, but a deal wasn't finalized. “We’re making good progress...I hope we can come to an agreement tomorrow [Thursday] morning,” Senate Majority Leader Chuck Schumer said.

Pfizer asked federal regulators Thursday to authorize emergency use of their coronavirus vaccine for children ages 5 to 11 – a move that could help protect more than 28 million people in the U.S. Studies published Wednesday confirm that the immune protection offered by two doses of Pfizer’s COVID-19 vaccine decreases after about two months, although protection against severe disease, hospitalization and death remains strong.

Heart risks rare after Pfizer Covid vaccination, study finds - NBC News

Pfizer study to vaccinate whole Brazilian town against COVID-19 - Reuters

Allowing people to mix COVID-19 vaccines could cut into Pfizer and Moderna’s revenue next year - MarketWatch

Complaints regarding job scams climbed during the pandemic, the Better Business Bureau warned. About 32% of complaints noted they did the work but were never paid, reporting a median financial loss of $1,000. The BBB said to verify employment offers to avoid becoming a victim of identity theft and losing money.

Who scams the scammers? Meet the scambaiters - The Guardian

Why today’s cybersecurity threats are more dangerous - CSO Online

Recent investments in electric vehicle production are boosting jobs at some factory locations as more automakers gear up to make battery-powered versions of popular vehicles. Michigan is slipping from its position as America’s automotive epicenter, exacerbated by Ford Motor Co.’s $11.4 billion investment in new electric vehicle factories that will be located in Kentucky and Tennessee. The project will employ almost 11,000 workers.

Whitmer: Michigan Wasn't Given Shot At New Ford EV Plants - CBS Detroit

GM may double revenues as it pivots to increased capacity for EV assembly at factories - Detroit Free Press

"Littler COVID-19 Vaccine Employer Survey Report – Delta Variant Update" - Littler / Source: Littler

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ADP’s Employment Report for September beat expectations, showing 568,000 private-sector jobs added last month. The number of people receiving unemployment benefits fell by 55% to 5 million, cut from the 11.3 million who’d been collecting benefits the week prior. Pandemic-era programs that offered income support to the unemployed lapsed on Labor Day, with Congress opting not to extend them again.

Here's Why Up To 6 Million Americans Who Lost Covid Unemployment Benefits Likely Won't Return To Work This Year - Forbes

Newsom approves laws to revamp California's unemployment benefits system - The Los Angeles Times

@charliebilello: ADP Private Payroll Report: 568k new jobs were added in September vs. 428k estimate. 19.6 million jobs were lost in March-April 2020. 14.1 million jobs have since been added back. Still 5.5 million to go. Good news: there are 10.9 million job openings.

Stock futures tumbled amid investor concern about rising energy prices after oil prices climbed to their highest level in nearly seven years when OPEC and its allies declined to significantly ramp up production. An offshore oil spill in Southern California threatened some of the area’s most popular beaches and renewed calls for a drilling ban.

Global Energy Crisis Is the First of Many in the Clean-Power Era - Bloomberg

Oil spill causes problems for OC businesses that rely on beach tourism - The Orange County Register

California oil spill: Pipeline wasn't shut down for more than 3 hours after pressure failure alert, feds say - USA Today

Monday’s six-hour Facebook outage that also took down Instagram and WhatsApp prompted companies that rely on the network to reconsider using these platforms as their primary tool. Many small businesses use Facebook and Instagram to advertise, connect with customers and sell products and services. Facebook – the U.S.’s second-largest online advertiser – issued an apology to the business community and said advertisers were not billed for ads during the outage.

Facebook’s outage frustrates advertisers heading into the holiday season. - The New York Times

Facebook, WhatsApp outage an annoyance for US, but a big deal in rest of the world - NBC News

@leticia: Facebook had a 101% spike in 2nd quarter profit led by a big increase in ad purchases and prices. Turns out, small- and medium-sized businesses (the same ones who had most to lose with the outage yesterday) made up a big part of that ad growth

Food trucks, like many other businesses, re-evaluated operation during the pandemic without the reliance of a lunch hour rush fueled by office workers and the weekend bar crowd. Many adapted by selling in residential neighborhoods and embracing food delivery apps. As more restaurants turn to delivery apps, cities are moving toward enacting fee caps and addressing the working conditions for delivery couriers.

Tortoise expands remote operated robotic delivery to convenience stores across the US - TechCrunch

How much should you tip the delivery person during COVID-19? This woman was dragged on Reddit for tipping 10% - MarketWatch

​‘Tired of being stepped on’: Instacart workers urge customers to delete app - The Guardian

The four-day workweek is growing in popularity as studies indicate greater productivity, less burnout and a decrease in carbon emissions. The five-day, 40-hour workweek, which has been a staple in the U.S. since the Fair Labor Standards Act set new standards in 1938, is becoming less relevant as society shifts away from the male breadwinner model that has been around since the start of industrialism.

How employers can experiment with the 4-day work week - Fortune

Is the 4 Day Work Week a Good Idea? - Gallup

@GreaterBoston: New England-based outdoor travel tech company The Wanderlust Group decided to cut Mondays from their workweek to help address pandemic burnout. “Productivity increased, happiness increased and our results speak for themselves,” CEO Mike Melillo said.”

"U.S....

Louisiana-based nonprofit Ochsner Health announced it will charge workers an additional $200 per month to insure their unvaccinated spouses or partners covered by the hospital group’s insurance policies due to the high costs of treating COVID-19 patients. If adult dependents wish to remain unvaccinated and avoid the fee, they can seek insurance elsewhere, Oschner said in a statement. Oschner already requires all 32,000 of its employees to be vaccinated unless they qualify for a religious or medical exemption.

Judging 'sincerely held' religious belief is tricky for employers mandating vaccines - NPR

Dept. of Health Addresses HIPAA Applicability to COVID-19 Vaccination Information - The National Law Review

DraftKings is adding its second-largest office space in the U.S. with the plan to house more than 1,000 employees. The Las Vegas space will occupy 90,000 square feet in early 2022. DraftKings co-founder Matt Kalish said the move “further exemplifies DraftKings’ investment in its employees and the future of the company, as well as the local community.”

Office space still a compelling investment — with risks - Advisor

The Great Disconnect: Many More Employers Than Workers Want To Return To Offices - Forbes

Remote work policies have enabled a mass exodus from Silicon Valley, leaving many former tech offices in San Francisco sitting empty. With the ability to work from anywhere, employees are escaping the San Francisco area, which is the most expensive real estate market in the country. However, Google employees could see a significant pay cut — anywhere from 5% to 25% — if they move from a more expensive hub like San Francisco or New York City.

39% of businesses increased productivity with remote work during covid restrictions - Acrofan

'We will never go back': These execs made big calls on remote work and are sticking to them - Dallas Business Journal

Military personnel in the UK started driving fuel tankers Monday to combat a shortage of truck drivers that has closed some gas stations and caused panic buying and long lines at others. The country also issued temporary work visas for 5,000 foreign truck drivers to address the fuel crisis. With the crisis in its second week, some consumers fear that disruptions could continue into the holiday season.

UK Braces for a Difficult Holiday Season Due to Shortages - The New York Times

U.K. Services Prices Jump at Record Pace on Supply-Chain Woes - Bloomberg

@pmdfoster: Downing St “infuriated” that only 27 of 300 immediate 3 month tanker-driver visas taken up…now the reason there are fuel shortages. (Fwiw plenty in industry suspected the scheme was set up to show immigration wasn’t solution). QED. X2. #brexit

A recent Berkeley Institute of Governmental Studies poll found that minority-owned small businesses were negatively impacted more significantly by the pandemic than their white counterparts. The study also found that minority business owners were also significantly less likely to have applied for and received PPP loans. LGBTQ workers were 30% more likely to have lost their jobs in the pandemic, with nearly 80% of LGBTQ people of color reporting losing their jobs, according to a study by the Human Rights Campaign.

Minority-owned businesses grapple with uneven pandemic recovery - Columbus Business First

In Clearwater, Latino business owners feel effects of pandemic - Tampa Bay Times

"The Graphic Truth: 50 years of US inflation vs interest rates" - GZero / Source: U.S. Bureau of Labor Statistics, Federal Reserve

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Turbine Labs has tracked 16,274 media articles and blogs and 18,651 social media posts over the last 24 hours.

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Accounting and consulting giant PricewaterhouseCoopers announced it will allow all 40,000 U.S.-based service employees — nearly three-quarters of its U.S. employees — to work from home. PwC employees may see a pay cut if they relocate to a lower-cost city to match current compensation levels in their new area. The announcement is the first of its kind from a professional services firm in the U.S.

Remote work is popular, but ‘moments that matter’ happen onsite, say top executives - Fortune

Hybrid Work Environments Require New Communication Strategies - Forbes

@growingwisdom: Change with the times or make room for those who do. #WFH

The Office of Personnel Management issued a memo Friday noting that President Joe Biden’s vaccine mandate for federal employees can be enforced starting Nov. 9. The memo advised agencies to begin enforcement with a five-day period of counseling and education and give employees a chance to show they started the vaccination process or request an exception.

With a federal vaccine mandate coming, OSHA prepares for enforcement - NPR

Biden urges public to get vaccinated after acknowledging 700K COVID-19 deaths - The Hill

U.S. car sales dropped about 26% in September as the continued chip shortage and other supply disruptions cut into vehicle availability and fueled rising prices. Supply chain shortages will likely linger as cargo ships anchored off the West Coast could face a month-long delay to dock amid port staff shortages. Consumer prices hit a 30-year high in August as the PCE price index rose 4.3%.

Audi CEO sees chip shortage as 'perfect storm' but will get through it - Reuters

Global chip shortage hitting Samsung worse than Apple - Tom’s Guide

@ianbremmer: The last time the US and Western Europe experienced sky-high inflation was in the 1970s, @adam_tooze reminds #GZEROWorld. We're still "working off the hangover" and panicking over inflation. "We need to update our economic vision." @gzeromedia

The White House National Security Council will host a 30-country meeting to address ransomware and cybercrime, Biden said Friday. The session will also cover the illegal use of cryptocurrency. The Transportation Security Administration issued emergency regulations following a cyberattack on the Colonial Pipeline shut down earlier this year to prevent further attacks, although some critics say the regulations could impact pipeline reliability.

Risky business: walking the tightrope between cybersecurity and business productivity - Teiss

Companies are using a growing number of tracking services as employees work from home - NPR

Three Tips For Equitable Digital Transformation - Forbes

More airlines announced vaccine requirements for employees last week following United Airlines’ announcement that it will terminate 600 employees who refuse to get vaccinated. American Airlines, JetBlue and Alaska Airlines will require all U.S.-based staff members and some international crews to be vaccinated. Delta Airlines is currently evaluating Biden’s mandatory vaccine order.

United CEO: Employee Vaccine Mandate Was “The Right Decision” - TravelPulse

@warrenleightTV: I'm glad American Airlines is mandating the vaccine, but they should have taken action earlier. Like many fear-based corporations, they waited to see how it would work out elsewhere. United Airlines showed true leadership here, American Airlines hedged while people died.

"Economists are optimistic about U.S. consumer spending. One reason why: lower-income households account for a significant proportion of excess savings and are more likely to spend it. An interesting chart from the Morgan Stanley team led by Ellen Zentner:" - Lisa Abramowicz on Twitter / Source: Federal Reserve Board, Morgan Stanley Research

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Turbine Labs has tracked 8,014 media articles and blogs and 12,114 social media posts over the last 24 hours.

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Drugmaker Merck said its experimental COVID-19 pill cuts the risk of hospitalization and death by half, a major advance in the fight against the virus if cleared by health authorities. Merk plans to immediately seek emergency authorization for the oral antiviral, called molnupiravir, marking the first pill to treat COVID-19.

School boards across the country are seeking help from the federal government to protect them from an influx of threats stemming from coronavirus safety restrictions. The National School Boards Association said in a letter to President Joe Biden on Thursday that board members, students and staff members had experienced at least 20 instances of threats, harassment and acts of intimidation, mostly in response to mask mandates as well as critical race theory. More school districts, including California's second-largest in San Diego, are also mandating the vaccine for staff and students.

Eurozone inflation climbed to its highest level in 13 years in September, driven by the reopening of economies after shutdowns. The rise was also driven by surging energy prices, deepening concern among policymakers in the area. European officials echoed those in the U.S., saying the current spikes appear to be “largely transitory,” but some have voiced concerns that official price forecasts are too low.

Australian officials announced they will reopen the country’s borders to international travelers in November, signaling some resolve to accept the coronavirus in daily life. Travel restrictions will be dropped for fully vaccinated Australian citizens and permanent residents, with plans for restrictions on tourists, immigrants and students to be eased later.

Portugal’s vaccination campaign has nearly reached its end, with about 85% of the country’s population and about 98% of those over 12 fully protected. The high rate offers a look to other nations at what the next steps could be to contain the virus. While the country’s health officials say they have achieved a good result, many are still worried about a winter wave and a rise in hospitalizations.

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Turbine Labs has tracked 19,297 media articles and blogs and 15,665 social media posts over the last 24 hours.

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Weekly jobless claims climbed again in the last week to 362,000, indicating sluggish hiring in the labor market. While many employers are desperate to hire more workers and hang onto the ones they still have, some fear that vaccine mandates could worsen the worker crunch. Oil executives say they are bracing for even more rapid turnover in field-level employees who are skeptical of vaccination. While up to half of unvaccinated workers have said in some surveys that they would leave their jobs if forced to get vaccinated, new research found that a much smaller fraction of workers follow through with leaving their jobs when mandates are in place.

The rate of COVID-19 deaths is projected to decrease over the next four weeks, marking a reversal in the number of cases for the first time since June. About 55% of the entire U.S. population is now fully vaccinated, with health officials employing multiple strategies to boost protection. Los Angeles officials indicated they plan to vote next week on one of the most strict measures in the country that would require proof of vaccination to enter most businesses.

The U.S. Senate reached a funding deal on Wednesday that will avoid a government shutdown, but pressure to increase the federal debt limit and avoid a government default are intensifying . Republicans said they will reject legislation in the Senate to increase or suspend the debt limit, which they hope to tie to Democrats’ massive social spending legislation.

Paint is the latest material to be added to the list of shortages across the U.S., driven by raw material constraints and price inflations. Companies continue to warn of the dual challenge ahead this holiday season, in which a shortage of labor workers could compound supply constraints.

Aladdin on Broadway was canceled on Thursday just one day after reopening due to breakthrough coronavirus cases, underscoring the struggles of the performing arts amid outbreaks. While Aladdin was the first and only confirmed cancelation for a reopened Broadway production since June, singers and other performing artists have announced a string of cancellations due to coronavirus detections.

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Turbine Labs has tracked 23,074 media articles and blogs and 14,712 social media posts over the last 24 hours.

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Some mandates have successfully motivated workers to get vaccinated, but those holding out now face terminations. Several hospital networks in New York have begun to fire healthcare workers who did not get a coronavirus shot in time for the state’s vaccine mandate, while United Airlines said it will begin terminating nearly 600 employees who refused to comply. As mandates continue, the Centers for Disease Control and Prevention released a new study showing that the COVID-19 booster shot will likely cause side effects similar to the second shot.

Coronavirus-related shutdowns at Vietnamese factories are causing the latest supply-chain headache for retailers, who say they were already expecting delays and shortages ahead of the holiday season. Outbreaks across the globe have caused lingering supply issues and higher prices for labor and shipping costs, although many economists are forecasting that U.S. recovery will regain momentum following a delay in spending driven by the delta variant outbreaks.

U.S. Senators introduced legislation on Tuesday that would require critical infrastructure entities to report data breaches to the U.S. government. The legislation, which would mark the first requirement of its kind, comes after several high-profile cybersecurity incidents this year including attacks on Colonial Pipeline and JBS USA. Frustrated by logjams in Congress, the Federal Trade Commission is considering its own rule changes that would strengthen privacy protections for consumer data.

State lawmakers in Alabama are weighing whether to use up to $400 million in pandemic relief funds to finance the construction of more prison space, underscoring the debate over how to address high coronavirus outbreaks in prisons. Opponents are urging lawmakers to consider sentencing reform instead of building more space. The U.S. justice department sued the state of Alabama in December over conditions in state prisons that put inmates at risk of peer violence and excessive force.

U.S. officials have declared the ivory-billed woodpecker and 22 other species as officially extinct, highlighting the severity of extinction worldwide due to climate change and habitat loss. Scientists say the rise in the number of pandemics coincides with tropical deforestation, urging governments worldwide to do more to prevent the destruction of nature.

President Joe Biden received his COVID-19 vaccine booster shot Monday afternoon at the White House following approval by federal health officials. Pfizer recently announced it is testing a pill that could help people ward off COVID-19 if a close contact gets the virus. The drugmaker also submitted data to the Food and Drug Administration to clear its COVID-19 vaccine for use in children ages 5 to 11.

Orders placed within U.S. manufacturers for business equipment strengthened in August, extending to six months a solid run of robust capital investment that’s helping aid economic growth. The strong demand for computers and electronic products kept the spending on track – core capital goods orders increased 0.5% and shipment rose 0.7%.

For the first time in his presidency, Biden faces a trust deficit among Americans when it comes to COVID-19. Business groups are growing increasingly frustrated as Labor Department officials move forward with Biden’s vaccine requirement, criticizing the administration’s refusal to engage in dialogue with the business community.

After an initial dip in the beginning of the pandemic, advertising has soared. Digital advertising in particular is driving the boom, increasing from 48% of media spend in 2019 to 52% in 2020. As coronavirus fatigue sets in, advertisers have begun turning away from overt references to the virus. Grocery delivery service Instacart is expanding its advertising business, confident that consumers will continue to use the platform even as pandemic-related restrictions ease.

Health experts expect the upcoming flu season to be worse than last year, which experienced an unprecedented lull due largely in part to coronavirus-related precautions. The flu’s absence spared healthcare workers, hospitals and the general population a second swell of sickness atop the pandemic, but some experts say the previous season left our immune cells without an “important annual reminder.”

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New York state officials are mulling whether to use members of the National Guard to help with an anticipated shortage of healthcare workers as the state’s vaccine mandate for those workers takes effect Monday. Gov. Kathy Hochul outlined the National Guard option and other steps the state may take in a plan to increase the workforce if too many hospital and nursing home employees miss the deadline. A U.S. appeals court temporarily blocked New York City schools from imposing a vaccine mandate for teachers and staff over the weekend, authorizing a temporary injunction until a hearing on Wednesday to settle the challenge from a small group of public school teachers.

Lawmakers face a showdown this week over President Joe Biden’s economic agenda as the Oct. 1 deadline for a possible government shutdown looms. An expected vote on the $1 trillion infrastructure package, slated for Monday, was postponed until Thursday, underscoring the fight ahead for Democrats’ $3.5 trillion social-spending package that could be the largest overhaul of the nation’s tax and spending priorities in decades.

Providers in markets such as fossil fuels, metals and agriculture are facing an unexpected downside to booming demand during the pandemic. While last year’s demand was historic for many commodities, rising prices forced traders to borrow more money, a change that has particularly impacted smaller players. Some banks have scaled back their lending to commodities firms, while others are entering agreements more cautiously.

Soaring power and gas prices in Europe threaten to squeeze the industry and force large increases in consumer electricity bills in coming months. As exporters such as Russia move to keep more natural gas home, countries are outbidding one another, prompting experts to predict a worsening crunch when temperatures drop this winter.

Chancellor Angela Merkel’s conservatives were defeated in Germany’s election over the weekend, setting off the beginning of what could be months of negotiation to determine the next leader of Europe’s biggest economy. Olaf Scholz of the center-left Social Democrats took the highest portion of votes on Sunday.

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U.S. household wealth increased to a high of $141.7 trillion at the end of June, fueled by soaring equity markets that added over $3.5 trillion to household assets and the pandemic real estate boom. A White House economic analysis showed the wealthiest Americans pay much less in taxes than others. The analysis comes as President Joe Biden pushes to increase taxes on the rich to fund his economic agenda as part of his $3.5 trillion domestic policy plan.

Why Reparations Are Needed to Close the Racial Wealth Gap - The New York Times

Democratic Leaders Scramble to Find Areas of Agreement on $3.5 Trillion Spending Bill - The Wall Street Journal

U.S. debt default could wipe out 6 million jobs and $15 trillion in wealth, Moody's says - CBS News

First-time jobless claims jumped to 351,000 last week, the highest level in a month and well above the 320,000 Dow Jones estimate. Continuing claims data also increased by 181,000 to 2.84 million as the number of people receiving benefits fell sharply with federal programs slowing. Stock Futures wavered Friday despite the uptick in jobless claims and worries surrounding the Evergrande debt crisis in China.

Labor shortages in US: Most, least impacted areas in the country - Fox Business

The Delta variant is keeping the US economy from getting back to normal - CNN

@carlquintanilla: JPMORGAN: “Since mid-June .. we have failed to find large effects in those states that ended benefits early in terms of regular jobless claims, alt-data indicators such as OpenTable dining and Google searches for ‘jobs’ .. state-level jobs and earnings growth ..”

New York City became the first U.S. city to take aggressive steps towards improving food delivery employees’ working conditions by approving legislation that will set minimum pay and address the dangerous conditions for app-based food delivery workers. Pandemic lockdowns exploded the use of the food delivery industry, with the number of delivery workers rising to over 80,000.

DoorDash now lets customers order alcohol - CNBC

DoorDash Said to Lead Round in Flink at $2.1 Billion Value - Bloomberg

@DanPriceSeattle: New York passed nation-leading protections for app delivery drivers: *Can use bathroom at restaurants *They get to keep tips *Minimum pay for trips. And that's the BEST in the nation. The gig economy really is like working in the year 1921

California Gov. Gavin Newson signed legislation addressing the working conditions for warehouse workers like Amazon by establishing new standards for companies to disclose productivity quotas. The legislation promises workers cannot be retaliated against for failing to meet an unsafe quota. It also bars the use of algorithms preventing workers from taking breaks, endangering their health and safety. E-commerce popularity skyrocketed throughout the pandemic with Amazon profits increasing nearly 200% since early 2020.

New demographic data shows continued divide at Amazon - Reuters

E-commerce fulfillment trends evolve in wake of pandemic - Talk Business and Politics

As kids return to school and workers return back to the office, the childcare industry is unable to accommodate a continuing spike in demand. The pandemic pushed upwards of 2.1 million women aged 25 to 54 out of the labor force with only half returning, but the rebound is driven by women with a college education. The child-care crisis has become a global economic debacle.

‘Can’t Compete’: Why Hiring for Child Care Is a Huge Struggle - The New York Times

Female MBA Grads Earn $11,000 Less Than Male Peers, Study Finds - Bloomberg

Australia, Germany, Canada offer blueprints for easing US childcare crisis - Fortune

@RepSylviaGarcia: Child care facilities are struggling, and that hurts both working families and child care providers. These are vital industries, and they need support. That's why we need to pass the #BuildBackBetter Act and build the #CareEconomy that works for everyone

"Ordering in: The rapid evolution of food delivery" -