It’s officially the holiday season, and you’ll finish your online shopping early – United States Postal Service Slap Temporary Shipping Limit At retailers like Gap and Nike, there is an indication that delivery systems are bursting at their seams. Here’s what else you need to know about trading and technology for the week.
What is happening? (29 November – 5 December)
Around we go again
For months, MPs have lectured at each other Need more epidemic stimulation But have not done anything about it. Now it seems Talks resume – But if we have learned anything from the past few months, it is this: to be skeptical. Congress Democrats proposed $ 908 billion from a bipartisan group of lawmakers as the basis for negotiations with Republicans and the White House. (That’s a lot of money, sure, but still less than half of Democrats have initially proposed – a major concession.) The proposal puts renewed pressure on Senate Republicans to broker a deal by the end of the year. President-Elect Joseph R. Biden Jr., who formed a cornerstone of his economic reform plan, called the measure “immediate” on Friday.
Google went too far
Google sacked four employees last year after engaging with labor organizing at the company. Now a federal agency says that two Firms violate federal labor laws Against the Union-busted. Google will likely settle the case out of court, but if not, it will go before a judge, which could force the company to remodel two workers and pay them for months after being dismissed. . In related news, a Google researcher Come forward this week And said he was fired for criticizing the company’s minority hiring and calling attention to partisanship in its artificial intelligence system.
Paycheck Protection… For Some
The government’s paycheck protection program was intended to provide assistance to millions of small businesses to pay their bills during the coronavirus virus epidemic. But new data Shows how many applicants are already in doubt: Most of the money went to a small portion of those who needed it. A report by the Small Business Administration showed that 1 percent of the program’s 5.2 million borrowers received more than a quarter of the $ 523 billion disbursed. As for the other 99 percent? Many businesses received and did far less than what they had applied for. Everyone else struggled since the program ended in August.
What will happen next? (6 December – 12 December)
Facebook’s no-tolerance policy
Staring at a long, potentially closed-down winter, it sounds like a coronovirus vaccine Can’t get here soon. with and Many promising candidates on deck, It was a few weeks before the first batch became available. The next challenge: Americans to trust the vaccine. Facebook said that this week it will begin removing posts that contain claims about vaccines by public health experts, such as rumors that they contain microchips. This is an aggressive move to the platform, by which lies have been dealt with before They are hard to share – Not taking them down completely. In other Facebook news, the company has been Accused by the Department of Justice Instead discriminate against American workers and favor immigrant visa holders.
Salesforce grown up with sluggish deal
If you were not familiar with the messaging tool Slack before the epidemic, chances are that your work-at-home days are now full with it. And technical group Salesforce now wants to capitalize on its ubiquity: company Announced this week That It will buy slack 27.7 billion dollars in cash and stock. If the deal goes through, it will end Slack’s short run as an independent publicly traded company Went public in mid-2019), And marks the largest acquisition of Salesforce since it was founded 21 years ago.
Chicken, but not egg
A San Francisco company that makes “cultured meat” (ie, grown from animal cells in a laboratory, not on farms) Approved to sell its chicken product in Singapore. This is a major step forward for the laboratory-grown meat industry, which has huge ambitions to create more sustainable food sources with lower carbon footprints. Livestock accounts for about 15 percent of the world’s greenhouse gas emissions, about the same percentage as the transport industry (including planes, ships and cars). If the chicken is on hold – and it’s a big if – Other countries may follow the example of Singapore.
Warner Bros. will make its full 2021 film Slate (17 movies) Available to stream on HBO Max The same day they come out in theaters – a major shift in Hollywood about how business does in general, and a sign of how the epidemic has forced the entertainment industry to adapt.
Job statistics from november Showed that the unemployment rate fell to 6.7 percent from the 6.9 percent rate in the previous month. But this number does not tell the whole story, because it does not include those who have left the labor force (say, to make available Child care) and not actively searching for work. Unemployment claims decreased last week First time in a month, But this may be because the Thanksgiving holiday delayed the filing of claims.