Category: Business
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Brazilian Man Ordered to Pay Nearly $1 Million in Unpaid Overtime
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Brazilian Pedro Coelho, owner of three bakeries in Danbury, CT, and Mount Vernon, NY, has been ordered to pay nearly $1 million in back wages and damages to 74 employees for employing them for more than 40 hours a week and failing to pay them 1.5 times their salary as mandated by the Fair Labor…
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How about working just 4 days and getting paid for 5?
More than 70 companies in Great Britain are undergoing a six-month experiment in which their employees work only four days a week but maintain the salary of five days worked.
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Ian: Florida’s West Coast Islands Are Uninhabitable
After Hurricane Ian destroyed communities in Florida, rescue teams continue going door to door in search of survivors. As of Monday, October 3, at least 101 people have died from the hurricane in the state – 54 of them in Lee County alone. On Sanibel Island, now isolated after Ian destroyed part of the bridge…
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How to Turn a Healthy Lifestyle into a Business Model
Finding the right balance between a healthy life and lifestyle is a significant challenge. Many people ignore health issues until they become severe. According to the SMA (International Stress Management Association), only 23% of the adult population in the U.S. engages in sufficient exercise, over 40% suffer from chronic diseases, and only 12.2% are metabolically…
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New York Offers Grants to Small Businesses
The state of New York has a program in place to provide financial assistance to small businesses impacted by the Covid-19 pandemic. The “Small Business Recovery Grant program” grants subsidies of up to $50,000 depending on the annual gross revenue of the business. However, the application period for assistance is coming to an end. The…
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Energy bills will rise even more this winter
Americans are about to see the largest increase in their energy bills in over 10 years. A new report from the National Energy Assistance Directors Association (NEADA) projects a 17.2% jump in average home heating costs this winter compared to last year, and a 42% increase in electricity costs compared to the winter just before…
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Record number of immigrants become billionaires in the U.S.
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In 2022, 92 American citizens born abroad made it to the annual Forbes Billionaires list, representing 13% of the total.
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Inflation Continues to Scare Americans
During most of the year, many economists claimed that inflation was essentially a problem in the food and fuel sectors. Once supply chains normalized and fuel prices decreased, according to their thinking, this would relieve pressure across the economy and inflation would return to being under control. However, the main inflation indicator, the Consumer Price…
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Bank of America announces zero down payment for first home purchase
The dream of homeownership may be closer for many members of the Black and Latino communities in the United States. Bank of America has just announced a program that will offer mortgage loans with zero down payment and closing costs to members of these communities who wish to buy their first home. The program will…
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California to Ban the Sale of New Gasoline Cars
California lawmakers have approved a plan to restrict and eventually ban the sale of gasoline-powered cars. The new policy is expected to accelerate the global transition to electric vehicles. California is not only the largest automotive market in the United States, but more than a dozen other states typically follow California’s lead in setting their…