Sen. Bernie Sanders recently introduced the "Thirty-Two Hour Workweek Act" ... and he explained to us exactly why he thinks it should become the new norm in.. TMZ.com
Bernie Sanders Pushes Bill , to Adopt 4-Day Workweek.
The senator introduced the "Thirty-Two Hour Work Week Act" on March 14, NBC News reports.
The bill would change the standard workweek in America from 40 to 32 hours without losing pay.
The number of hours needed to attain overtime pay would also be reduced.
Time-and-a-half pay would be required for
any workday lasting longer than 8 hours.
If a workday exceeds 12 hours,
an employee would receive double pay.
The plan would go into effect over the
course of four years, NBC News reports. .
Moving to a 32-hour workweek with
no loss of pay is not a radical idea, Sen. Bernie Sanders, via statement.
Today, American workers are over
400 percent more productive than
they were in the 1940s. , Sen. Bernie Sanders, via statement.
And yet, millions of Americans are
working longer hours for lower
wages than they were decades
ago. That has got to change, Sen. Bernie Sanders, via statement.
Sanders went on to talk about
AI's place in the workforce.
The financial gains from the major
advancements in artificial intelligence,
automation and new technology must
benefit the working class, not just
corporate CEOs and wealthy
stockholders on Wall Street, Sen. Bernie Sanders, via statement.
It is time to reduce the stress level
in our country and allow Americans
to enjoy a better quality of life. , Sen. Bernie Sanders, via statement.
It is time for a 32-hour workweek
with no loss in pay. I look forward
to the discussion this week, Sen. Bernie Sanders, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Former US presidential candidate Bernie Sanders told Channel 4 News that Donald Trump is “trying to undermine American democracy.” In a scathing interview Mr Sanders said that the Republican candidate’s effort to challenge the result of the previous election will make it “harder for people in the opposition to get elected.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
In a stunning turn of events, Tesla CEO Elon Musk has been dethroned as the world's richest person, with Amazon founder Jeff Bezos reclaiming the top spot. Join us as we delve into this dramatic shift in the billionaire rankings.
#ElonMusk #WorldsRichestPerson #JeffBezos #BloombergReport #BloombaergBillionaireIndex #ElonMuskvsJeffBezos #FinancialNews
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Jeff Bezos Sells $4 Billion , of Amazon Stock.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
Earlier this month, Amazon
revealed that Bezos would be offloading
50 million shares by Jan. 31, 2025.
According to regulatory filings,
since Feb. 9, Bezos sold 24 million shares
over the course of four trading days.
The last time he sold stocks was
in 2021, Yahoo Finance reports. .
Bezos, one of the world's richest men, didn't
provide a reason for the timing of his recent sale. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
But he previously announced that he was moving from Washington to Florida to be closer to his fiancée, Lauren Sanchez, and other family members. .
In 2022, Washington instituted
a 7% capital gains tax.
Bezos' decision to move to Florida will likely save
him $288 million so far, Yahoo Finance reports. .
"Because Bezos has only ever bought a single
share of Amazon," it's likely that he's had the stock, since the formation of the company, "and therefore
virtually all of their value would be considered
capital gains," according to 'Bloomberg.'.
According to Washington officials, capital gains tax brought in $855 million last year.
Over half of that amount
came from only 10 people. .
In March 2023, billionaire Ken Fisher said he would move from Washington to Texas.
Credit: Wibbitz Top Stories Duration: 01:31Published
Economists Optimistic, After Stocks Hit, New Record.
NPR reports that the S&P 500 has risen
above 5,000 for the first time in history.
The broad-based U.S. index of the most-known companies around the globe opened over the
historic milestone at the opening bell on February 9. .
Investors are feeling
optimistic that we have
sidestepped a recession, Sam Stovall, chief investment strategist
at the financial research firm CFRA, via NPR.
According to the latest economic data, the Federal
Reserve appears poised to pull off its goal of achieving
a so-called "soft landing" for the U.S. economy. .
The potential good news comes after a year-long
rate-hiking campaign by the Fed to combat high
inflation amid widespread fears of a recession.
So far, the S&P 500 is up over 5%
in 2024, coming off of a strong 2023,
which saw the index gain 24%.
NPR reports that a select group of stocks,
referred to as "The Magnificent Seven,"
accounted for most of the market's broader gains.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
Those companies include , Alphabet, Amazon, Meta,
Microsoft, Nvidia and Tesla.
It's a couple growth sectors,
and that's it. What's leading
the market is still more
growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
If you look at the history,
my guess is we spend some
time above 5,000, probably
spend some time below 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR.
And I think we
can actually move
well beyond 5,000, Stephen Suttmeier, chief equity technical
strategist at Bank of America, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
A 23-year-old man from Gandhinagar has been indicted in a case of ponzi scam worth $4,00,000 in Alabama in the US. The accused, Pathyam Patel, began selling.. IndiaTimes
Alabama Governor Signs, IVF Protection Bill .
On March 6, Alabama Governor Kay Ivey signed
legislation aimed at protecting in vitro fertilization
patients and providers from legal liability.
CNN reports that some clinics
are ready to lift a hold on certain
IVF services as early as this week. .
The Alabama bill comes after an
unprecedented state Supreme Court
ruling cast the future of IVF care into doubt.
The Supreme Court case reportedly
stemmed from the accidental destruction
of frozen embryos at a fertility clinic.
The state Supreme Court ruled that frozen embryos
are human beings, meaning that those who destroy
them could be held liable for wrongful death.
The latest bill signed into law by the governor
aims to provide both civil and criminal
immunity to providers and patients in the case
of embryos being damaged or destroyed.
However, the fertility clinics say that the new law
doesn't address the core issue and fails to provide
the legal protection necessary to resume care.
The law does not nullify
the Supreme Court’s analysis
that says the law ought to
treat embryos just like people, Katherine Kraschel, assistant professor at
Northeastern University School of Law, via CNN.
CNN reports that experts have warned that
the latest bill could also insulate providers
from standard medical malpractice claims.
The governor stressed that the new law is meant to be
a "short-term measure" and reassured that "there will
be more work to come" on ensuring IVF protections.
Credit: Wibbitz Top Stories Duration: 01:31Published
Senate Democrats Will Attempt , to Pass Legislation Protecting IVF.
On Feb. 27, Democratic Senator
Tammy Duckworth said that she will seek
an immediate vote on Feb. 28 to pass her
Access to Family Building Act, Reuters reports. .
The push comes after Alabama ruled that embryos are essentially children, causing widespread implications for patients and doctors. .
If you truly care about the sanctity of families,
and you’re genuinely actually honestly interested in protecting IVF, then you need
to show it by not blocking this bill on
the floor tomorrow. It’s that simple, Sen. Tammy Duckworth, via statement.
Duckworth, an Iraq War veteran,
and her husband turned to IVF after
not being able to conceive for 10 years.
They currently have two children. .
I have five embryos that were created
(using IVF); three that were deemed
to be nonviable, would not survive, Sen. Tammy Duckworth, via statement.
Under "personhood laws" such as those
enacted in Alabama, Duckworth said, "I could
be convicted of manslaughter or murder for discarding these three eggs that were nonviable.".
Under "personhood laws" such as those
enacted in Alabama, Duckworth said, "I could
be convicted of manslaughter or murder for discarding these three eggs that were nonviable.".
While many Republicans have objected to Alabama's ruling, they are expected to block Duckworth's bill despite indicating otherwise, Reuters reports. .
Duckworth said that if Republicans end up objecting to the bill, she'd "love" to have those individuals named on the record. .
I expect them to, if they live up to the words
that they’re saying, to not block it. But we’ll
see tomorrow when the rubber hits the road, Sen. Tammy Duckworth, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History:, New Orleanians Take to
the Streets for Mardi Gras.
February 27, 1827.
Groups of masked students
danced in the streets,
marking the beginnings of the
city's Mardi Gras celebrations.
The Mardi Gras celebration
was brought to the region by French
settlers towards the end of the 1600s.
By the time students in
New Orleans danced in the
streets in costumes and masks.
the celebration of Carnival
had been popular in Mobile, AL,
for more than 100 years.
The New Orleans student
celebrations were inspired by their Paris studies.
Within five years, a French plantation
owner had begun raising money
to fund the celebration.
The first fully organized
Mardi Gras occurred in 1857
Credit: Wibbitz Top Stories Duration: 00:50Published