A man eats breakfast at a restaurant that is advertising that they are hiring in Annapolis, Maryland. American states are moving to cut pandemic unemployment benefits, a painful blow for millions of people who will soon be left without income. With punishing jobless levels during the Covid-19 pandemic, unemployment benefits had been extended especially to the self-employed and extended further until September 6,2021 even for those who had reached the maximum duration. AFP
Secret to CEO success: pay higher wages
Masaru Tange says the strategy that turned his company into one of Japan’s best-performing stocks may be surprising: he buys smaller firms and boosts their workers’ pay. Mr Tange’s Shift, a software tester, acquires other businesses near the bottom of the industry supply chain and raises their engineers’ salaries. He says he’s able to do this and still charge competitive prices by cutting out layers of companies that serve as middlemen in the outsourcing proces
The 2021 Ford F-150 King Ranch Truck is seen at the Ford Built for America event at Fords Dearborn Truck Plant in Dearborn, Michigan, USA. The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said last week. AFP
Old is gold and in high demand
Rock starts are making hundreds of millions of dollars cashing in on their old songs. Bob Dylan, Stevie Nicks and other big-time musicians are selling their catalogues to aggressive new buyers. Mr Dylan was supposed to spend the summer of 2020 on tour. But, stranded at home, he lined up the biggest payday of his career. Music assets are bought and sold all the time but there has never been a period as active as the past few months. Industry executives cite the emergence of aggressive buyers, low interest rates and Covid-19, which has prevented musicians from touring, their primary source of income. The US elect