Monthly Archives: September 2022

Russian state media airs lawmaker’s threat to nuke Britain and Germany

ussian President Vladimir Putin attends the plenary session of the Eastern Economic Forum, on September 7, 2022 in Vladivostok, Russia. Contributor/Getty Images A Russian lawmaker threatened Britain and Germany with nuclear strikes on state TV.  The host suggested that Russia should have hit the Queen’s funeral, taking out many heads of state. Russia’s recent battlefield…

‘Quiet fleecing’ is why you’re getting paid less and everyone’s talking about quiet quitting and the Great Resignation

Getty Images Since the 1970s, US wage growth has stalled, with the top 1% seeing most of the gains. It’s resulted in a “quiet fleecing” of the American worker, according to data analyzed by the Economic Policy Institute. As the Federal Reserve acts to cool inflation, it could ultimately make the problem worse. As the…

This job advert for people who aren’t ‘completely screwed up’ has gone viral

An Edeka store assistant. picture alliance/dpa | Patrick Seeger A German supermarket’s job advert for people who aren’t “completely screwed up” has gone viral. The advert was for a full-time position at one of Edeka’s drinks stores. It asked for workers that “can tell the time,” and aren’t “completely screwed up.” This is an edited,…

FAA refuses to let regional airline hire co-pilots with less experience because it believes the plan poses a risk to safety

Republic Airways said that its plan could help tackle the pilot shortage. AP Photo/Jenny Kane The FAA blocked Republic Airways’ request to cut the number of hours co-pilots need to fly for training. Republic Airways said the proposal would help address the pilot shortage, but the FAA disagreed. The FAA said in a denial exemption…

The Fed risks overdoing rate hikes as it tries to prove its credibility, Guggenheim’s Scott Minerd warns: ‘They’re going to push it until it breaks’

Guggenheim Partners’ Scott Minerd. Patrick T. Fallon/AFP via Getty Images The Federal Reserve’s anti-inflation tightening is going to hit long-risk investors, Scott Minerd said. “They’re going to push until something breaks,” the Guggenheim CIO said. “Eventually, this will end in tears.” Another jumbo rate hike is expected when the Fed wraps its September meeting on…

Walmart’s secretive fintech ONE is the new disruptor in consumer banking, and the retailer has nabbed talent from Wall Street mainstays like Goldman Sachs.

Hi. I’m Aaron Weinman. The most interesting thing I learned when I first visited a Walmart was the sheer range of goods the retailer has on offer. Turns out that diversity extends to services — specifically banking — too. Walmart has sewn the seeds for a thriving fintech for some time. In January last year,…

The Morning After: Hilton is designing suites for a private space station

Voyager and Lockheed Martin plan to have their private space station, Starlab, up and running by 2027. The latest development is a partnership with Hilton, which will help design astronaut facilities, including the sleeping quarters and other parts of the station. NASA has contracted four private companies to build private space stations ahead of the…