Tuesday, February 20
Will Food Prices Stop Rising Quickly? Many Companies Say Yes.
Economy

Will Food Prices Stop Rising Quickly? Many Companies Say Yes.

Few prices are as visible to Americans as the ones they encounter at the grocery store or drive-through window, which is why two years of rapid food inflation have been a major drag for U.S. households and the Biden administration.Shoppers have only slowly regained confidence in the state of the economy as they pay more to fill up their carts, and President Biden has made a habit of shaming food companies — even filming a Super Bowl Sunday video criticizing snack producers for their “rip off” prices.But now, the trend in grocery and restaurant inflation appears to be on the cusp of changing.After months of rapid increase, the cost of food at home climbed at a notably slower clip in January. And from packaged food providers to restaurant chains, companies across the food business are report...
For Michigan’s Economy, Electric Vehicles Are Promising and Scary
News

For Michigan’s Economy, Electric Vehicles Are Promising and Scary

Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago.But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. She is dismayed that the transition has been championed by President Biden, whose pro-labor credentials are at the heart of his bid for re-election, and who recently gained the endorsement of her union, the United Automobile Workers.The Biden administration has embraced electric vehicles as a me...
‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital
Economy

‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

A Ukrainian man pleaded guilty in federal court on Thursday to his leadership role in two cyberattack schemes that caused tens of millions of dollars in losses and temporarily crippled a Vermont hospital in 2020, according to the Justice Department.Prosecutors said that Vyacheslav Igorevich Penchukov, 37, was a leader for an organization that in May 2009 began to infect thousands of computers at corporations with malicious software, and that he helped lead a separate malware scheme that began around November 2018.Mr. Penchukov, of Donetsk, pleaded guilty in the U.S. District Court in Nebraska to one count of conspiracy to commit an offense that violated the Racketeer Influenced and Corrupt Organizations Act and one count of conspiracy to commit wire fraud. He was arrested in Switzerland in...
Thaksin Shinawatra, Former Thai Prime Minister, Freed on Parole
News

Thaksin Shinawatra, Former Thai Prime Minister, Freed on Parole

Thailand’s ousted former prime minister, Thaksin Shinawatra, a leader once seen as a threat to the country’s wealthy elite, was released on parole on Sunday, after spending only a fraction of his original eight-year prison term in detention — in a hospital.Mr. Thaksin, who was removed in a coup and spent years in exile, made a stunning return to Thailand last year. He had been convicted in absentia on charges of corruption and abuse of power, and promptly sentenced when he was back in the country. But days later, the king commuted Mr. Thaksin’s sentence to one year, fueling speculation that he had struck a deal with powerful royalists. Last week, the authorities said he would be paroled soon.A billionaire businessman, Mr. Thaksin remains one of Thailand’s most influential politicians. Anal...
Amazon Argues National Labor Relations Board Is Unconstitutional
Economy

Amazon Argues National Labor Relations Board Is Unconstitutional

In the latest sign of a growing backlash within corporate America to the 88-year-old federal agency that enforces labor rights, Amazon argued in a legal filing on Thursday that the National Labor Relations Board was unconstitutional.The move followed a similar argument by SpaceX, the rocket company founded and run by Elon Musk, in a legal complaint in January, and by Trader Joe’s during a labor board hearing a few weeks later.The labor board consists of a prosecutorial arm, which issues complaints against employers or unions deemed to have violated federally protected labor rights; administrative judges, who hear complaints; and a five-member board in Washington, to which decisions can be appealed.Amazon’s filing was part of a case before an administrative judge in which labor board prosec...
Utah School Board Member Is Censured After Questioning Student’s Gender
News

Utah School Board Member Is Censured After Questioning Student’s Gender

A Utah State Board of Education member was stripped of her committee assignments and asked to resign this week after she questioned the gender of a high school basketball player in a Facebook post.Natalie Cline, the board member, posted photos of a flier and a banner for a high school basketball team in Salt Lake County on Feb. 6 with the caption “Girls’ basketball,” suggesting that one of the girls featured in the images, who had short hair, was not female. The post, which was reported on by KSL TV, a television channel in Salt Lake City, has since been deleted.The board said Wednesday that, after an investigation, it had decided to censure Ms. Cline, request her resignation and ban her from attending board committee meetings for failing to respect the privacy of students, including portr...
Enhancing Mental and Emotional Wellbeing in Your Company with MindFit
Empresas

Enhancing Mental and Emotional Wellbeing in Your Company with MindFit

In the fast-paced world we live in today, employees across all industries are experiencing challenges such as stress, tiredness, anxiousness, and sadness, which in turn impact companies as productivity suffers when their workforce lacks mental wellness.Amidst this backdrop, the emergence of the innovative MindFit platform shines as a solution to enhance the well-being of employees, boost the organizational atmosphere, and foster personal, professional, and leadership growth.What Does MindFit Offer?MindFit is an all-encompassing platform that provides a range of tools designed to enhance the mental and emotional well-being within a corporate setting. Its primary goal is to offer resources that promote a resilient and harmonized mindset among employees, ultimately leading to improved product...
Elon Musk Extends His Anywhere-but-Delaware Campaign With SpaceX
Economy

Elon Musk Extends His Anywhere-but-Delaware Campaign With SpaceX

Elon Musk continues his flight from “the First State”Another Elon Musk-led company has moved its home base from Delaware as the tech billionaire continues to criticize the state after a judge there voided his nearly $56 billion payday at Tesla.Moving the incorporation of SpaceX, Musk’s privately held rocket giant, to Texas will help bolster the Lone Star State’s standing with business. But it remains unclear whether Tesla itself will be able to make the same journey.Musk is making good on his threat to pull out of the state. “If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” he wrote in his announcement of SpaceX’s shift. It comes shortly after he relocated the incorporation of Neuralink, his brain implant company, to Nevada.Dozens...
Middle East Crisis: Israel Strikes in Lebanon After Deadly Rocket Attack
News

Middle East Crisis: Israel Strikes in Lebanon After Deadly Rocket Attack

Hundreds of displaced Palestinians fled one of the Gaza Strip’s last functioning hospitals on Wednesday, after the Israeli military ordered them to leave and threatened further action to stop what it said was Hamas activity there.Thousands of Gazans have sheltered at the Nasser Medical Complex in the southern city of Khan Younis for weeks, and many are terrified that Israeli forces will bombard or storm the complex, said Mohammed Abu Lehya, a doctor there. Previous Israeli warnings to evacuate hospitals, including Al-Shifa, the largest in Gaza, have often preceded military raids.Hanin Abu Tiba, 27, an English teacher sheltering at the hospital, described dire conditions inside, with food running out and aid convoys all but unable to deliver supplies. In text messages overnight, she said th...
Bummed in Boston: No School, No Snow
News

Bummed in Boston: No School, No Snow

Despite predictions, Boston was left mostly snowless on Tuesday. Few residents seemed upset to be spared, except for the city’s children — robbed of any actual snow on a snow day — and their working parents, who were forced to make alternate plans for child care.School officials canceled Tuesday’s classes almost a day in advance, relying on dire forecasts from Monday morning that anticipated a foot or more of snow. Max Baker, a spokesman for Boston Public Schools, said the district of more than 47,000 students was trying to ease disruptions by giving ample warning.“Scrambling at 6 p.m. is a nightmare for a lot of families,” he said.But then the forecast shifted on Monday night, and the storm’s more southerly track wiped out the threat of a Boston snowmaggedon.“I think most people understan...