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WWW.FASTCOMPANY.COMMost Americans dont expect to ever get rich, but they think the next generation willWhile inflation has slowed to 2%, prices are still 20% higher than they were four years ago. Fidelity released the findings of its 2024 State of Wealth Mobility study, which consisted of 1,900 American adults over the age of 18, and set out to identify their thoughts on managing their money and meeting their financial goals. Here are some of the key highlights:Most Americans do not feel confident about their wealth: Only 10% of those surveyed consider themselves wealthy; and across all income levels, 40% said they worry about losing their money. Only 35% believe theyll be wealthy in their lifetime. However, the study showed almost 75% of Americans think the next generation will be wealthy.The next generation isnt confident either: While one-third of baby boomers dont think they need a financial plan, 54% of Gen Z do think they need onethe highest of any generation. However, 74% of participants agree that there are more opportunities for making money than there were in their parents lifetime.Talking about money with family is helpful: 56% said they didnt discuss finances with their parents as kids, and 82% said it would have been helpful. Today, 67% of respondents say theyre talking with their children about family finances.One of the most important components of financial planning is for people to engage their family and loved ones in the process, Rich Compson, head of wealth solutions at Fidelity Investments, said via email. And yet, more than half of Americans say they never spoke with their parents about family financeswhich is critical to help the next generation be prepared before life gets more complex. Reassuringly, most Americans today are changing course and giving the young people in their lives the financial education they never received.0 Commentarios 0 Acciones 11 ViewsPlease log in to like, share and comment!
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WWW.FASTCOMPANY.COMTrump to tap investor and hedge fund manager Scott Bessent to lead Treasury department, say sourcesPresident-elect Donald Trump is expected to pick prominent investor Scott Bessent to take on the role of U.S. Treasury secretary, sources told Reuters on Friday, putting him at the helm of a cabinet position with vast influence over economic, regulatory, and international affairs.One source briefed by the Trump transition team and a donor briefed on the plans told Reuters of Trumps intention to pick Bessent. The Trump transition team did not immediately respond to a request for comment.Wall Street has been closely watching who Trump will pick, especially given his plans to remake global trade through tariffs.Bessent was picked from a crowded field of candidates for the coveted role.That list included Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh. Investor John Paulson had also been a leading candidate, but dropped out, while Wall Street veteran Howard Lutnick, another contender, was appointed as head of the Commerce Department.Bessent has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal.The markets surge after Trumps election victory, he wrote, signaled investor expectations of higher growth, lower volatility and inflation, and a revitalized economy for all Americans.Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, Hank Paulson, and Steven Mnuchin, Trumps first Treasury chief. Janet Yellen, the current secretary and first woman in the job, previously chaired the Federal Reserve and White House Council of Economic Advisers.ECONOMYS QUARTERBACKAs the 79th Treasury secretary, Bessent would essentially be the highest-ranking U.S. economic official, responsible for maintaining the plumbing of the worlds largest economy, from collecting taxes and paying the nations bills to managing the $28.6 trillion Treasury debt market and overseeing financial regulation, including handling and preventing market crises.The Treasury boss also runs U.S. financial sanctions policy, oversees the U.S.-led International Monetary Fund, World Bank, and other international financial institutions, and manages national security screenings of foreign investments in the U.S.Bessent would face challenges, including safely managing federal deficits that are forecast to grow by nearly $8 trillion over a decade due to Trumps plans to extend expiring tax cuts next year and add generous new breaks, including ending taxes on Social Security income.Without offsetting revenues, this new debt would add to an unsustainable fiscal trajectory already forecast to balloon U.S. debt by $22 trillion through 2033.Managing debt increases this large without market indigestion will be a challenge, though Bessent has argued Trumps agenda would unleash stronger economic growth that would grow revenue and shore up market confidence.Bessent would also inherit the role carved out by Yellen to lead the Group of Seven wealthy democracies to provide tens of billions of dollars in economic support for Ukraine in its fight against Russias invasion and tighten sanctions on Moscow. But given Trumps desire to end the war quickly and withdraw U.S. financial support for Ukraine, it is unclear whether he would pursue this.Another area where Bessent will likely differ from Yellen is her focus on climate change, from her mandate that development banks expand lending for clean energy to incorporating climate risks into financial regulations and managing hundreds of billions of dollars in clean energy tax credits.Trump, a climate-change skeptic, has vowed to increase production of U.S. fossil fuel energy and end the clean-energy subsidies in President Joe Bidens 2022 Inflation Reduction Act.FED FACINGThe Treasury secretary is also the administrations closest point of contact with the Federal Reserve. Both Yellen under Biden and Mnuchin under Trump typically met weekly with Fed Chair Jerome Powell, often over breakfast or lunch.Bessent has floated the idea of creating a shadow Fed chair. This would entail nominating as early as possible a presumptive Powell predecessor to the Fed Board who would then deliver their own policy guidance so that, as Bessent told Barrons last month, no one is really going to care what Jerome Powell has to say anymore.The next seat to open up at the Fed Board is that of Governor Adriana Kugler, whose term runs to January 2026. Bessent has since said he no longer thinks the idea of a shadow chair worth pursuing, The Wall Street Journal reported.Powells term as Fed chair expires in May 2026, and presidents rarely wait until the Fed chiefs term ends before nominating a successor.FROM FINANCE TO D.C.Bessent, 62, primarily lives in Charleston, South Carolina, with his husband and two children. He grew up in the fishing village of Little River, South Carolina, where Bessent has said his father, a real estate investor, experienced booms and busts.Bessent worked for noted short seller Jim Chanos in the late 1980s and then joined Soros Fund Management, the famed macroeconomic investment firm of billionaire George Soros. He soon helped Soros and top deputy Stanley Druckenmiller on their most famous tradeshorting the British pound in 1992 and earning the firm more than $1 billion.In 2015, Bessent raised $4.5 billion, including $2 billion from Soros, to launch Key Square Group, a hedge fund firm that bets on macroeconomic trends. Key Squares main fund gained about 31% in 2022, according to media reports, but firm assets have declined to approximately $577 million as of December 2023, according to a regulatory filing.By Steve Holland and Alexandra Ulmer(Reporting by Steve Holland, Alexandra Ulmer, David Lawder, Lawrence Delevingne, Ann Saphir, Costas Pitas, Nathan Layne and Jasper Ward; editing by Megan Davies and Rod Nickel)0 Commentarios 0 Acciones 11 Views
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WWW.FASTCOMPANY.COMWill the DOJs proposal to break up Google survive the incoming administration?The proposal filed on Wednesday by the Department of Justice (DOJ) to completely dismantle Googles monopoly in the world of search would require the company to sell off its Chrome browser, which has a 67% market share worldwide. And it would have huge ramifications for the broader tech sector. If, that is, it can survive a regime change in Washington, D.C.Google has called the proposal staggering and radical, claiming it would hurt both the company and the American people. But many have welcomed the move by the DOJ and Jonathan Kanter, the assistant attorney general who sits within the departments antitrust division.Theres just one key question: whether the DOJs effort lasts the next few months until remedies are agreed upon in the springby which time a new administration will have taken the reins in the White House.This is really Jonathan Kanters last stand, says Adam Kovacevich, founder and CEO of the Chamber of Progress, a tech industry coalition. Kovacevich says Kanter appears to have undertaken the action as a last-ditch attempt to make an impact before the change in president, and a potential new approach to tech hegemony. Donald Trump has hinted on the campaign trail that a more laissez-faire approach to tech companies market dominance and has even suggested winding back a planned ban on TikTok once he assumes power. (Its worth noting, however, that the DOJs initial case against Google was filed during Trumps first administration.)As we enter a period where energy-hungry AI is the next big thing for these corporations, we need morenot lessregulatory intervention, says tech historian Mar Hicks. Unfortunately, it is unlikely that the incoming administration will prioritize resources or expertise to explore harm-reducing regulations or to follow through on any of the current administrations efforts, as Googles executives well know.The potential that Googles worst week ever, which would require it to unwind its entire business model, might not be that troubling after all looms large against the ticking clock. [Kanter] wont be around for the remedies trial in the spring, the ultimate remedy decision, and the appealso he clearly saw no downside in throwing remedy spaghetti against the wall, says Kovacevich.The big unknown is what happens come January 20, when Trump is sworn in. Trump has said he doesnt want to break up Google, but its too early to tell how the DOJs strategy might change next yearespecially since there is also likely to be turnover among the departments attorneys, says Kovacevich. The fact that Trumps initial pick for attorney general, Rep. Matt Gaetz, has withdrawn from the running throws the future into even more turmoil.The timeline of the process helps Google in that sense, with revised proposed remedies due to be submitted by the DOJ in court come March, and a trial over those remedies scheduled for April. By then, everything could well have changedand for Google, potentially for the better.0 Commentarios 0 Acciones 13 Views
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WWW.FASTCOMPANY.COMA vision for the hospital of the futureIn the grand journey of human progress, healthcare is at a tipping point. Much like the decline of civilizations chronicled by Jared Diamond, traditional hospitals, once viewed as bastions of healing, are on the brink of an existential collapse. The hospital of the future needs to break free from the constraints of its physical walls. With a growing emphasis on digital health, hospitals must adopt a hybrid model, offering care that is half-virtual and half-physical.As a medical doctor turned researcher turned techbio founder, I can say with certainty that the entire patient experience must be revamped, combining gamification with operational efficiency. Imagine a healthcare system where every patient has real-time access to their medical information on a mobile device, paired with a digital copilot that assists them through their treatments and monitors symptoms.This copilot, powered by artificial intelligence (AI), not only tracks the patients progress but connects seamlessly with environmental health devices that monitor vital signs without patient involvement. It could understand images and data in ways that surpass human capabilities, acting as an intermediary between patient and doctor, preempting crises before they escalate.How the future empowers doctorsFor the hospital of the future to succeed, doctors have to evolve too. Medical school wont just consist of learning medicine, but also learning the principles of artificial intelligence, physics, and mathematics. The healthcare professional of tomorrow will blend engineering with medical expertise. Doctors will also need project management skills, fostering a collaborative and entrepreneurial spirit that has, until now, been absent from most healthcare systems.The reliance on repetitive tasks, like reading CT scans or analyzing pathology slides, will diminish as AI takes over these functions. Doctors will instead focus on complex cases and technical procedures, spending more time with patients and less time overwhelmed by clerical tasks. A new generation of medical professionals will train using smart video gamesthink of it as the Mario Kart of Medicine, but with a focus on honing medical knowledge and decision-making skills.A decentralized, AI-driven healthcare systemHospitals will no longer be isolated centers of care but part of a decentralized, AI-powered global network. Tumor boardsa meeting of medical professionals that discuss complex cancer cases and determine the best treatment plan for a patientcurrently operate in silos. These will be reimagined, allowing experts from around the world to collaborate on complex oncology cases.One day, we could match a specific patient case with a specific doctor, from anywhere in the world, using AI to analyze their samples. Patients in advanced stages of cancer will be compared with similar cases globally, ensuring that the best treatment options are available, no matter where they are.AI will also play a critical role in helping doctors understand the biological underpinnings of diseases. Automated labs, integrated with AI-driven discovery systems, will constantly test new hypotheses and generate training sets from patient-derived models. By combining biological data with insights from animals, AI will unlock the mysteries of disease mechanisms and identify precision treatments for unmet medical needs.The role of Agentic AI in medicineThe complexity of biology is beyond the reach of the human brain. Agentic AI will surpass simple language understanding and delve deep into the intricacies of the immune system, the molecular basis of diseases, and the discovery of new patterns in patient data. Agentic AI will transform how we comprehend biology, creating new hypotheses and developing interventions that extend life.As healthcare technology becomes more affordable and digitization spreads, the gap between developed and underdeveloped countries will shrink, and federated learning technologies will help democratize access to the latest medical breakthroughs, ensuring that geographic location no longer determines the quality of healthcare.Revolutionize careThis is the future of medicinea positive singularity where hospitals evolve into highly efficient, tech-driven ecosystems of care. AI and Agentic AI will augment doctors skills, empowering them to provide more accurate, timely, and personalized care. Repetitive tasks will be automated, allowing human caregivers to focus on what truly matters: the patient.Hospitals will be run like startups, driven by patient safety and innovation, pushing the boundaries of what is possible. Data silos will crumble, replaced by collaborative technologies that enable seamless sharing of knowledge across borders.The future of healthcare is not just about curing diseasesits about building a system that anticipates, innovates, and delivers healthcare in a way that is proactive, decentralized, and above all, human-centered. The hospital of the future will be a testament to how far weve comeand a glimpse of where were headed.Thomas Clozel is cofounder and CEO of Owkin.0 Commentarios 0 Acciones 13 Views
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WWW.FASTCOMPANY.COMNvidia stock dips on earnings despite eye-popping 94% revenue growth as AI demand holds strongIn whats become a must-watch event for Wall Street types: Nvidia released its latest earnings report after Wednesdays market close, showing numbers that beat analysts estimates.Revenue for the chipmaker topped $35 billion in its fiscal 2025 third quarter that ended October 27, surging 94% from the same period a year ago. Adjusted earnings more than doubled to 81 cents per share in the past year.Despite the strong results, traders seemingly dinged the tech powerhouse for its more tempered outlook. The company is forecasting revenue of $37.5 billion in its forthcoming quarter, plus or minus 2%. While the average analyst estimate was $37.1 billion, according to data compiled by Bloomberg, some projections were as high as $41 billion.Nvidias stock fell more than 4% in the minutes after the earnings results were released, before recovering some of those losses.Despite pessimism among traders, Nvidia executives touted its record quarter, including a 112% gain in revenue for its Data Center division.The age of AI is in full steam, propelling a global shift to Nvidia computing, Jensen Huang, founder and CEO, said in a statement. AI is transforming every industry, company, and country.Santa Clara, California-based Nvidias dominance in the stock market has become all the more profound after it dethroned Apple in late October as the worlds most valuable company. Nvidia was added to the Dow Jones Industrial Average earlier this month, replacing Intel, and is seen as a bellwether for the burgeoning AI industry.Shares of Nvidia fell about 0.8% during Wednesdays trading session. The stock is up nearly 203% this year.0 Commentarios 0 Acciones 38 Views
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WWW.FASTCOMPANY.COMThese pro-RFK Jr. influencers are pushing to Make America Healthy AgainYou wouldnt think wellness influencers with a passion for organic produce and unpasteurized milk would have much in common with President-elect Donald Trump, whose regular diet consists of Big Macs, Filet-O-Fish sandwiches, and Diet Coke.However, since Trumps election victory, more and more influencers are declaring themselves supporters of the MAGA (Make America Great Again) movementor the more brand-friendly MAHA (Make America Healthy Again) sect. So yesterday was a super exciting day for America, one wellness influencer posted after the election, celebrating the announcement that Robert F. Kennedy Jr. is Trumps pick to lead the Department of Health and Human Services. Another added, Having people in power like Robert F Kennedy Jr, making America healthy again, this excites me more than anything else. @katrinamvna This will change the world #fyp #rfk #holistichealth #wellness #america original sound Katrina M The MAHA campaign that rails against Big Pharma and alleged Food and Drug Administration corruption, is the brainchild of RFK Jr., who vowed,Were going to become, once again, the healthiest nation on Earth. Thats what we mean by MAHA. After Kennedy dropped out as a third-party presidential candidate and endorsed Trump in August, many of his supporters followed him, in the process adapting traditional MAGA messaging into something perhaps more palatable to mainstream tastes.This messaging taps into a growing public frustration. Nearly three out of four U.S. adults say the countrys medical system fails them in some way, according to a 2023 survey from the American Academy of Physician Associates. In the wake of the election, Vani Hari, a wellness industry entrepreneur and influencer known as the Food Babe, echoed this frustration, writing, No matter who you voted for, I think we can all agree, its time to Make America Healthy Again. The food activist with more than 2 million followers on Instagram recently testified in front of the U.S. Senate, stating that American food companies are making a fool out of us. They are knowingly poisoning us. Its time for this to stop. View this post on Instagram A post shared by Vani Hari | Food Babe (@thefoodbabe)Influencers and companies in the wellness space have capitalized on this distrust of the nations public health establishment, flooding the market with supplements and alternative treatments. Alex Clark, Turning Point USA spokesperson and host of the Culture Apothecary podcast, has leveraged this movement to promote raw milk and other unregulated health trends, backed by Kennedy. A recent report from the Institute for Strategic Dialogue found that those who engaged with Culture Apothecary or searched for politically neutral terms likeworkouts for women or #fitspo are often funneled toward right-wing political accounts, including those of Charlie Kirk and Tucker Carlson, furthering the crossover between alternative health and conservative ideology.While MAHAs core complaint about diet-based diseases is legitimate, supporters insist only a radical shake-up can fix Americas unhealthy lifestyle. Trump himself appears to be prepared to give RFK Jr. free rein: Im going to let him go wild on health. Im going to let him go wild on the food. Im going to let him go wild on medicines. The raw milk, I think Ill pass.0 Commentarios 0 Acciones 36 Views
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WWW.FASTCOMPANY.COMCongresss transgender bathroom ban is a grim preview of whats coming to American workplaces under TrumpDonald Trump closed out his 2024 campaign with a promise to fight against transgender insanity. Now, that fight is playing out within the halls of Congress.On Tuesday, Representative Nancy Mace of South Carolina announced plans to ban trans women from using womens restrooms in the Capitol. Even if her move werent obviously a direct response to Delaware Democrat Sarah McBride winning her race and becoming the first openly trans person elected to Congress, Mace helpfully clarified as much on X. The following morning, House Speaker Mike Johnson formally announced that trans people will indeed be banned from using restrooms aligned with their gender identity on the House side of the Capitol. If this measure proceeds unchallenged by Democrats, it will have devastating consequences for trans people in workplaces across America.Transgender rights played a significant role in the 2024 election. According to data released by Ad Impact, Republicans spent nearly $215 million on network TV ads depicting trans people as a major threat. What were their main points of contention? If taken at face value, its that trans women and girls should not be allowed to compete in sports for women and girls, and that minors who identify as trans should not receive any support from educators, let alone be allowed to seek gender-affirming care. (Meanwhile, whenever Vice President Kamala Harris was asked about these topics in interviews, she often treated them like gotcha questions and side-stepped accordingly.)Of course, as many trans activists have long pointed out, battles over sports and minors are pretextual skirmishes for a coming war on trans peoples right to peacefully exist in public altogether. Its a war in which theyve already incurred losses.Back in January, for instance, Utah became the 11th state to implement a bill requiring people to use bathrooms in schools and government-owned buildings that match the sex they were assigned at birth. While framed as a protection against the supposed scourge of bathroom violencea paper tiger that demonstrably does not existthe true intent of the bill appears to be further stigmatization for trans people and making sure they feel unwelcome.Aiding in that goal is close Trump ally Elon Musk. After acquiring Twitter in 2022, Musk degraded its content moderation policies, turning the platform into a toxic environment where anti-trans views are not only welcome but normalized, and so highly visible that users might extrapolate that this is how everyone talks, thinks, and feels.Reading news about the unfolding bathroom ban in Congress from within the platform might only further compound that idea.Sore winnersTrumps supporters are understandably energized after his electoral victory. They seem unfazed by his selection of eminently unqualified cabinet picks, such as Fox News host Pete Hegseth and scandal-prone Rep. Matt Gaetz, even though such picks suggest a leader convinced he can get away with anything.But one of the downstream effects of Trumps win is that those rank-and-file supportersteachers, salespeople, and architects around the countrymay soon start testing the limits of what they can get away with as well.If the MAGA base receives a message that its fine to treat trans coworkers this way, that Trumps ideological opponents were so thoroughly pulverized by this election that theyre now incapable of pushing back, then the base will internalize that message to the detriment of trans people everywhere. Speaker Johnson may not be able to snap his fingers and institute a bathroom banat least, the D.C. Human Rights Act suggests he cantbut theres a message in the very fact that hes trying.Workplace leaders are watchingBeyond any implications about further actions at the federal level, some receptive CEOs and office managers are bound to note the effort currently unfolding in Congress and attempt to tighten restrictions within their own smaller-stakes purview. If that happens, trans employees will be forced to either go along with undignified working conditions or fight protracted legal battles theyre not guaranteed to win.Americans, of course, are not required by law to be nice to trans people. But they are indeed requiredfor now, at leastto not treat them like second-class citizens, which is precisely the effect that these bathroom bills achieve.For her part, McBride has been measured and graceful in her response to Maces stunt and to Johnsons announcement. Every day, Americans go to work with people who have life journeys different than their own and engage with them respectfully, she wrote on X Monday night. I hope members of Congress can muster that same kindness.Her hoped-for result seems unlikely. But in lieu of kindness, perhaps members of Congress will muster some courage.https://twitter.com/Acyn/status/1859047222895407475Minority House Leader Hakeem Jeffries showed a little backbone on Tuesday, chiding Republicans for bullying a fellow member of Congress. Pushing back on this bathroom ban in a meaningful way, however, will require a robust, sustained counterattackone that some Dems may be convinced they dont have the bandwidth to carry out. A second Trump term means a familiar return to constant chaos, making it difficult to assess which issues are worth responding to and which ones are just distractions.The battle for trans rights is no mere distraction, though. Its a fight that matters.Democrats have engaged in a lot of finger-pointing since the election about just who to throw under the bus in order to win over more voters in the next election. Trans people have emerged among the list of potential future roadkill.The Democrats have to stop pandering to the far left, Representative Tom Suozzi, a New York Democrat, told the New York Times the day after the election. I dont want to discriminate against anybody, but I dont think biological boys should be playing in girls sports . . . Democrats arent saying that, and they should be.But backtracking on previously held convictions wont make Democrats more broadly appealing; it will only make them appear as if all their convictions are equally flexible. At that point, the difference between the two sides becomes harder to parse.Elections help determine the character of the country, but they dont automatically define it. The Dems may have lost the election, but if theyre willing to alienate the queer community and its allies by rolling over on this issue, then they will lose something even more vitally important. President Joe Biden famously framed his fight against Trumpism as a battle for the soul of a nation. Whether a nation can lose its soul with a single election is up for debate, but a political party can certainly lose one by abandoning its persecuted constituents instead of fighting for them when it matters most.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMPhiladelphia transit workers union reaches a deal to avoid a strikePhiladelphias mass transit system has reached a tentative contract deal with its largest workers union, averting a potential strike that could have seen thousands of employees walk off the job.The Southeastern Pennsylvania Transportation Authority and Transport Workers Union Local 234 announced the one-year agreement Wednesday. It calls for union members to receive a 5% raise and an unspecified pension adjustment. The contract also has language aimed at improving the personal safety of frontline workers, including installing bulletproof enclosures for drivers since many face violence and harassment.Union President Brian Pollitt said a ratification vote would be held Dec. 6.The agreement comes about two weeks after union members had voted to authorize a strike once their one-year contract with SEPTA expired Nov. 8. Union leaders, though, agreed to delay a strike as long as they felt progress was being made at the bargaining table.Local 234 has about 5,000 members, including bus, subway and trolley operators, mechanics, cashiers, maintenance people and custodians.Pollitt said Wednesday that avoiding a strike was a priority, noting that public transit is a necessary need for many residents, including students who take SEPTA trains and buses to school and workers who rely on the agency to get to their jobs.We got a fair deal, and now we need to focus on making sure SEPTA stays strong for everyone who depends on it, Pollitt said.Scott Sauer, SEPTAs interim general manager, said both sides worked hard to reach a deal.This agreement is fair to our hardworking frontline employees and responsible to the customers and taxpayers, he said.SEPTA, which has repeatedly said its financial health is uncertain, recently proposed an across-the-board 21.5% fare increase that would start New Years Day as well as severe service cuts that would take effect next summer. The agency has scheduled a Dec. 13 public hearing on the plan.If approved by SEPTAs board, riders would pay the increase on top of a proposed interim average fare increase of 7.5% the panel is due to consider later this month. If passed, it would take effect Dec. 1. If both increases take effect, the single fare cost of riding the city bus and subway would go from $2 to $2.90. SEPTA key fares, where riders get discounts for using a prepaid card to pay fares that now range from $3.75 to $6.50, depending on the zone they use, would range from $5 to $8.75 on Jan. 1.SEPTA last raised fares in 2017, and the proposed increase would be expected to bring in an additional $23 million for this fiscal year and $45 million per year starting in 2026.The nations sixth-largest mass transit system, SEPTA faces an annual structural budget deficit of $240 million as federal pandemic aid phases out. It lost out on about $161 million in state aid since the Republican-controlled state Senate declined to vote on Democratic Gov. Josh Shapiros proposal for $283 million in new state aid to public transit. Instead, lawmakers approved a one-time payment to the state trust fund for transit systems, of which SEPTA got $46 million.Bruce Shipkowski, Associated Press0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMHow to handle promotions when there arent enough leadership rolesWhen a company experiences rapid growth, there are usually more employees gunning for leadership positions than available titles. This means managing promotions requires a delicate balancing act to avoid causing resentment.A diverse group of experts, including CEOs and career coaches, offered tips for navigating these growing pains and suggestions for effectively tackling promotion dilemmas.Promote based on demonstrated leadership skillsNavigating rapid corporate growth and high employee expectations is a challenging journey I embarked on as a general manager. One strategy that served us well was promotion based on demonstrated leadership skills, not just seniority or tenure. We focused on identifying individuals who showed initiative, the ability to overcome complex business challenges, and a knack for inspiring others.For instance, a project manager stepped up during a major project, demonstrating exceptional strategic planning skills and team managementelements critical for leadership. This led to his promotion, inherently setting a bar for others.To manage expectations and prevent resentment, we ensured the process was transparent and communicated openly about the skill sets and aptitude required for leadership roles.Simultaneously, we invested in an open-feedback environment, nurtured an inclusive culture that valued everyones contribution, and developed a comprehensive training program to prepare promising individuals for future leadership roles.Gianluca Ferruggia, general manager, DesignRushTailor recognition to individual performance driversYou want to avoid assuming that promotions are the only way top talent wants to be rewarded for their performance.While it takes time and effort, you can retain talent and avoid resentment by learning each employees individual performance drivers. Although some employees will indeed want to be rewarded with promotions, other opportunities would likely be even more meaningful. This might look like additional compensation, participation in special projects or initiatives, or work-exchange opportunities.The key is to match recognition to the individual, particularly among top leaders, rather than assuming everyone wants to be recognized the same.Kyle Elliott, MPA, EdD, founder and tech career coach, CaffeinatedKyle.comUse accountability charts I like to follow the principles of the Entrepreneurial Operating System (EOS) when managing rapid company growth and limited leadership positions. One of the main tenets of EOS is clearly defining roles and responsibilities, which is critical for organizational success.The first step in this process is creating an accountability chart. By collaborating as a team to identify and define the roles and responsibilities the company needs, we can ensure that we are addressing the organizations requirements first. We then decide who (if anyone) fills these roles, which helps to remove personal biases and focus on the companys needs.This approach also allows employees to see which opportunities are still open, even if they arent immediately filled. To support our team in preparing for these roles, we can develop tailored development programs and career-path planning. This helps employees understand what they need to achieve to be considered for these future positions.If there are no current open positions, I make it a point to communicate regularly that as the company continues to grow, new roles will emerge. By consistently updating employees on potential upcoming opportunities and ensuring they know they have a career path plan in place, we can mitigate frustration and maintain motivation. This open communication helps employees feel valued and reassured that their growth is a priority and that we are diligently considering their next steps within the organization.Keep the communication open and always solicit feedback from employees.Kare Ullerup, CEO, Beyond Culture PlateauImplement a mentorship programAn effective approach to this situation is to implement a mentorship program. This allows employees ready for more responsibility to step into leadership roles in a supportive, hands-on environment, even if they dont have an official title yet. This not only helps them build essential skills and confidence but also prepares them for future leadership opportunities when they arise.Mentorship creates a two-way street. Mentors gain valuable leadership experience, while mentees receive guidance and support to grow their capabilities. This setup encourages knowledge sharing and collaboration, fostering a culture of growth and continuous learning. Plus, it helps to identify potential leaders early on, making it easier to fill positions as they become available.To further mitigate feelings of resentment, its vital to maintain open lines of communication with your team about their career aspirations. Regular check-ins can provide insights into individual goals, allowing you to align opportunities with each persons ambitions. By discussing pathways for advancement transparently, you help create a shared understanding of the journey ahead.Encouraging feedback and actively listening to your employees concerns can reinforce a culture of trust. When team members feel heard and see a clear path for their professional growth, theyre less likely to feel overlooked or undervalued, even when promotions are limited. Recognizing and celebrating achievementsbig and smallalso contributes to maintaining morale.In essence, by fostering mentorship and maintaining open communication, you not only support employee development but also cultivate a more engaged, motivated workforce that can weather the challenges of rapid growth together.JD Lloyd, business development and project manager, Bella Virtual StagingInvolve supporters in goal-setting discussionsWhen a company grows quickly, building a leadership team is a challenge. People who helped grow the company often expect they will be tapped for leadership positions. However, that may not be their skill set.I witnessed this while serving as a board member for a fast-growing organization. The founder knew the experience and expertise she had on her team, but she wanted to retain some of the early supporters.After some discussion, we settled on an approach that included involving those supporters in identifying the goals of the organization and the best people to help lead the organization to meet those goals, as well as the expectations of customers and stakeholders.This led to conversations about the skills, abilities, and time commitment needed to do this. Many of the early supporters realized that their skills did not match what was needed for the leadership positions. Some moved into advisor or board positions, and others took positions that enabled them to support the organization in lesser roles.The biggest surprise was that during this process, the founder decided she should not be the chief executive but rather the chief of staff. The board and leadership team recruited and selected an external candidate for chief executive.The best way to handle promotions for leadership roles is to define how the position supports the mission and goals of the organization by setting forth the skills, abilities, and experience needed. This includes the expectations of the position by the employees, customers, and stakeholders.Cheryl L. Mason, CEO, keynote speaker, author, Catalyst Leadership ManagementClarify job descriptions and performance processesOne of the best things you can do to clarify your promotion process is to have both a clear job description and a clear performance management process. Why are both necessary? They make the selection process fair and equitable while helping team members know how to best structure their career path and qualify for leadership.You want the job description to be extremely clear in identifying what skills and qualifications are required to be considered for the new role. Additionally, you want the job description to convey a clear day in the life view of what tasks and responsibilities the person needs to do in that role.Finally, a clear performance management process gives the hiring manager the roles talking points and standards to hold interviewees and prospects accountable. In a rapidly growing company, you need to rely on truth and data to anchor you amid change. A performance management process is helpful on the front end for an incumbent to know what theyre required to accomplish and helps the manager of the role coach and guide the incumbent towards success!Joey Price, president and CEO, Jumpstart HRSeparate leadership from management rolesLeadership and management are two separate roles. The key for organizations is to identify not only who wants a position but also who is suited for it. All too often, top individual contributors are promoted into management, only to struggle and miss their old jobs. The management track isnt for everyone, and that should be talked about openly.Both leadership and management require specific skills that need to be developed. Setting expectations from both sides is crucial. I think people who are interested in leadership and management should raise their hands and get trained. Then they need to interview for the role just like anyone else would. I dont think resentment will arise if the right tools are given fairly. People seek growth and need both direction and clarity behind decisions.Brianna Rooney, CEO, TalentPerchIntroduce career growth frameworksOne strategy for managing promotions without causing resentment is to introduce career growth frameworks that emphasize individual development rather than just title advancement. This way, employees understand how to grow without necessarily moving into leadership roles.For example, employees could be offered increased ownership and visibility on critical projects. This would allow them to have leadership-like experiencesdriving results, managing teams, and influencing business strategywhile keeping the organizational structure stable. It would also help manage high expectations by showing that the company is committed to their career growth, even if a permanent leadership position isnt immediately available.When implementing something like this, set clear goals and timelines. Ensure theres a structured feedback system so employees know what to work on. Also, ensure that these experiences are varied and meaningful, offering real challenges and responsibilities. This will not only better prepare them for future roles but also help maintain their engagement and loyalty to the company.Emilio Javier, head of People Operations, Shortcut0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMHow to support overwhelmed and disconnected remote workers, step by stepThere are many perks of remote work. Research suggests that giving workers flexibility in where they work enhances workplace culture, improves productivity, and boosts profits.But theres one growing pain that many teams are still trying to overcome: a feeling of disconnect from our duties, teams, and workplace among remote workers.Some have used this feeling of loneliness as a scapegoat for why workers should just return to the office five days per week. But whats often left out of this conversation is that creating a healthy hybrid work culture is a two-way street. Although managers of remote employees can feel disconnected from their virtual teammates, they dont always realize that remote workers feel the same way until performance begins dropping. Suddenly, emails are ignored, deadlines are missed, and meetings are canceled at the last minute.Its as though the stakes are lower and the relationships are less real when theyre mediated through video conferences and communication platforms. When we dont feel embedded and engaged in our jobs, our relationships, outputs, and job satisfaction can suffer. But by deepening a remote teams connection and sense of ownership over their work, managers can help their teams (and themselves) overcome disengagement and build exciting workplaces that have all the benefits of remote workwithout the disadvantages getting in the way.Heres how any team can support overwhelmed and disconnected remote workers, step by step.Evaluate performance and environmentThere are a few warning signs that should indicate to managers that something isnt quite right. Are employees becoming unresponsive and unreliable? Are they consistently delivering substandard work? You may even notice a pattern of last-minute submissions and irregular working hours. Of course, part of the appeal of remote work is the flexibility it affords. Sometimes irregular work patterns help people do their best work. But if it corresponds with a drop in quality, its time for a check-in.This conversation will require delicacy and humility. After all, chronic employee disengagement cant be registered solely as a sign that employees are personally failing to work hardits also a sign that they havent been given a reason to. Something about the workflow and culture has indicated that last-second work and infrequent correspondence are sufficient, that great work wouldnt be recognized or rewarded anyway, and that relationships with the team just arent strong enough for anyone to go the extra mile to help others.In this scenario, simply telling employees that better work and a deeper sense of ownership are expected from them wont be effective. It may even indicate that management doesnt have a clear sense of what the virtual workplace feels like, deepening a sense of isolation.So the first step of having this conversation is to truly understand what your virtual workplace culture does feel like. What would it take for the team to feel connected, personally invested in doing great work, and eager to further company goals? How can you build into the work environment this acknowledgment that disconnection is a common side effect of remote work, and use this recognition to rally the whole team around a solution?Set and accept expectationsAnswering these questions requires listening just as much as doing. After all, it isnt enough to observe declines in employee performance. We also have to see why certain remote employees chronically underperform. If theres something about remote work environments thats to blame, then its the job of managers to help overcome those impasses. Taking on a were in this together mentality goes a long way toward restoring a sense of connection and establishing a shared experience with the team.To reinforce this mentality, bring the team together to discuss the challenges of remote work. Make it clear up front that this isnt the type of meeting where employees have to say the right thing to be good team players. Ask about feelings of isolation, the tedium of workflows involving multiple online platforms, the unclear expectations. All of these factors lead to feelings of disengagement.Open up the floor to your team, and never miss a chance to join the conversation. After all, everyone has one thing in common: Youre all navigating the many ups and downs of remote work. Lean into it. Let your difficulties become a shared experience through which you build connections.Based on the feedback you receive, you should have a clear sense of what must change to ensure remote work isnt a hurdle but rather a model that gives everyone the freedom they need to do their best work, live full lives, and feel a sense of personal investment in the team.For instance, if there isnt an incentive to do work beyond the bare minimum, then setting up quick weekly meetings where the team presents and discusses what theyre working on may help. This may also highlight to employees that when they submit their work, it doesnt just check a box. Its handed off to someone else whose job is made easier when theyre given great work. These meetings can become a space where good work is acknowledged and the significance of individual actions to achieve team successes is reinforced.As the team recognizes that structural changes are being made to address their concerns, it will be much easier to set and enforce expectations. Now theyve seen firsthand how dedicated you are to constructing an environment in which work is enriching and impactful. The environment is therenow everyone needs to show up.Build social capitalNow that pain points have been identified, processes have been changed, and the team has begun developing a bit more connection, its time to focus on social capital. What would it take for employees to proactively engage with their colleagues, not just for work-related matters but also to learn about other projects, departments, and opportunities? Or just engage in some water cooler chatter?The goal here is to build a network of relationships among the team that can be relied upon when someone needs feedback or guidance. For instance, imagine bringing the team together to discuss shared projects and brainstorm solutions. Whenever conversational detours break out, follow them through to their conclusion. Let colleagues provide their insights, relate personal stories and interests to the matter at hand, and ask questions about their teammates. And then, ensure its as easy as possible for employees to reconnect with colleagues so they can follow up, start new conversations, or keep old ones going.This is a great way to strengthen interdepartmental relationships, but it also provides opportunities for isolated remote workers to make their projects a bit more lively and collaborative. By keeping informal channels open, and ensuring the team has enough time to use them, employees will be able to share ideas, ask questions, and get feedback from their colleagues.Establishing a mentorship system is another great way to train employees and develop practical relationships. Rather than feeling like their job is to get their deliverables done and then log off, mentorships highlight how the quality of our work now moves us closer to where wed like to be later. By using existing expertise within the team to increase knowledge and motivation for everyone, mentorships are a great way to keep people motivated and deepen connections.Suddenly, the remote office doesnt feel like a bunch of disconnected people trying to engage as little as possible. Its a lively hub of people motivated to do great work on their own so they can put it in front of others, engage in meaningful discussions about projects, and get to know their remote colleagues.More than that, youll find that this process of building up practical connections among the team lends itself to one of the most important solutions managers have to combat disengagementdeveloping, strengthening, and maintaining personal connections.Facilitate team connectionRelationships are paramount in any workplace, but they take on additional significance in remote settings. After all, the best office relationships arent just about what other people can do for you but about meaningful interpersonal connections that shape how we think, how we learn, and how we want to develop our careers. These are the types of relationships that become possible when employees and managers turn the remote office into a well-connected and well-oiled machine.But it must be noted: Theres a limit to how well such meaningful connections can be managed into existence. For instance, setting quotas for informal chats among employees probably wont be conducive to meaningful conversations. Instead, it may become yet another tedious box to check that makes remote work feel less invitingand more anxiety-inducing. However, continuing to make the work environment as streamlined, enriching, and sociable as possible will open up plenty of opportunities for strong connections to emerge organically.Keeping communication channels open throughout the day that employees can enter at their leisure will encourage meaningful relationships. Managers can also set up get-togethers that begin with a focus on shared team projects but develop into more informal conversations that allow for people to pair up and talk one-on-one.To that end, its important to avoid forcing employees into awkward team-building exercises, which can feel inauthentic and, sometimes, a bit embarrassing or condescending. Instead, continue to promote organic interactions by listening to feedback, giving the team plenty of shared experiences to discuss at work, and then making sure theres always a space with a relaxed atmosphere where work relationships can deepen into personal ones.Remote work has a lot to offeras long as teams can overcome its many hurdles. One of the most imposing is a sense of disconnect that turns the remote office into a tedious and unpleasant place. To reduce employee disengagement, managers need to have honest conversations with their teams, make tangible changes based on what they hear, and open up spaces where pragmatic relationships can deepen into interpersonal ones. Thats how we can turn hybrid teams into a lively and sociable hub of professionals who work hard and get to enjoy the flexibility of remote work.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMIf you want to quit your job, heres how to figure out your next career moveIn the world of product development, after learning about what kinds of progress customers want to make in their lives, successful designers build prototypes to test their early ideas. They experiment with multiple rough mock-ups that they can change easily.Career choices benefit from experimentation, too. As we say in our book Job Moves, smart job switchers consciously hire their next job so they can make progress in their careers. The point of the prototypes isnt to find a job at this stage. Its about clarifying the trade-offs youre willingand unwillingto make to get the progress you want. Learning is the goal here.As you mock up an array of potential futures, these should range from roles you hope exist somewhere out there to those youre actively considering to novel paths you dont know much about but are interested in exploring. In our experience, people often want to stop with just one plausible prototype. But creating the one is exceedingly difficult. What single role could be perfect in every way? And it sets you up for disappointment later when real-world options dont precisely line up with expectations and you dont know how to make trade-offs to unlock progress.The task is to come up with three to five exciting, well-articulated possibilities.Brainstorm your career must-havesBrainstorm a list of jobs that might deliver your critical must-haves. To get started, imagine scenarios in which you would have:the same role, but at a different companya promotion within your companya role in a new functiona role in companies of varying sizes and maturity (small versus large, start-up versus established)a role in a new industrya role youve always thought could be interesting but youve never exploredTo help build out each prototype, you can use our worksheet.To check how accurate your prototypes are, youll line up informational interviews with people in jobs like the ones youve mocked up. Start by tapping your existing connections. Reach out to mentors and others in your professional and social networks to see if they know people who hold roles like those youve prototyped. You can also search LinkedIn to find individuals who hold these roles.Having identified people you want to talk to, you will ideally ask a shared contact to introduce you, which increases the likelihood that the person you want to talk to will agree to a conversation. Or, you can also write to people out of the blue and ask them to talk. You might be surprised at how often people will say yes to an informational conversation with no strings attachedone that allows them to share their own story with somebody who has similar interests.However you reach out, make it clear that youre not going to ask them for a job. You just want to learn more about what they do. Otherwise, they may hesitate to connect, especially if they dont know you. Keep your request simple, but be clear about what youd likethirty to forty-five minutes of their time.For the purposes of career prototyping, informational interviews should be hyper-focused on what people do on a daily and weekly basis and how those activities pertain to the energy drivers and assets that are important to you.Questions to ask yourselfSystematically drill into the things that you know drive your energy. For example, one important driver for a person we coached, Clara, was feeling that she was making an impact. For her, that involved building relationships. So she asked a series of questions about patient interaction during an informational interview with an emergency medicine physician assistant (EMPA):To what extent do you interact directly with patients and their family members?Do you follow up with patients after they are discharged?How much time do you spend with patients on average?Clara learned that the EMPA generally did not have ongoing relationships with patients. She was responsible for triage and acute treatment but often never saw the patient againor even learned what happened next in their treatment. The EMPAs own desire for impact was satisfied, but that didnt align with what Clara wanted. Although she wasnt surprised by this in retrospect, the conversation clarified something for her. The physician assistant roleone that she knew well in the context of a rehab cliniccould align very differently with her drivers in other settings, such as emergency medicine.Dont settle for surface-level answers to your questions. Press for details and examples to get a clear picture of whether the work involves the things that give you energy. If someone says their job is creativeand creativity is important to youask them what that looks like in their day-to-day work. Then explain what it means to you. Perhaps its about being free from the traditional constraints and processes in a workplace so that you can do your job in innovative ways. Then ask: Does the person youre interviewing have a job that allows them to be creative in that way?Follow a similar script for assets: Which skills, experiences, and credentials do your prototyped roles actually leverage and value? You may be surprised at the answers you get in your interviews. Clara thought she would need a PhD, for example, to be hired as a science writer. She was pleasantly surprised to learn that her masters degree in neuroscience was more than credible.You can also have your interviewee walk you through a typical day or week in their job and talk about how that work schedule intersects with other aspects of their life, such as family time and personal interests. Bring their attention back to what matters to youas in, In a typical week, how many opportunities do you have to engage with people beyond your immediate team? or When during the day are you able to put your head down and focus quietly on your own tasks, without interruptions? Homing in on the calendar like this gets at what people actually do rather than what their title says they are.Success in these interviews doesnt mean finding the right fit. It means gaining insight into the energizers, capabilities, and trade-offs you would likely encounter in each job.From the book Job Moves: 9 Steps for Making Progress in Your Career by Ethan Bernstein, Michael B. Horn, and Bob Moesta. Copyright 2024 by Ethan Bernstein, Michael B. Horn, and Bob Moesta. Reprinted by permission of HarperCollins Publishers.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COM3 reasons why a Trump administration may not slow climate progress as much as it couldWith COP29, the UN climate summit in Azerbaijan, now underway, those trying to accelerate the transition away from fossil fuels have a new reason to worry: The man elected to be the next president of the United States, Donald Trump, has declared that climate change is a big hoax.Given his posture, many experts fear that a Trump White House will, once again, exit the Paris climate agreement, as he has vowed to do. The new administration is poised to slash environmental regulations and allow for a surge of oil and gas drilling. Although Trump distanced himself during the campaign from Project 2025, the right-wing blueprint to reshape government, his administration is widely expected to embrace its call for a whole-of-government unwinding of what it termed the Biden administrations climate fanaticism.We are not nave. Reaching the essential goal reaffirmed last year by global leaders at the COP28 Summitnet-zero greenhouse gas emissions by 2050has undoubtedly become a lot harder with Trump set to return to the Oval Office.And yet we remain hopeful that all is not lost. Even with Trump in powerand the Republicans about to take control of both houses of Congresswe are confident that the country and the world will make steady progress on climate change for three main reasons.Momentum in capital marketsFirst and foremost is the tremendous momentum that has built up over the past decade in private capital markets to tackle the crisis.From 2013 to the end of 2023, a proliferation of climate-dedicated funds has driven a 25x increase in global climate venture capital. The total amount of VC dollars invested in climate tech has tripled from less than 5% in 2013 to 16% in 2023. Today, seven of the top 10 private equity firms, as measured by assets under management, have climate-focused funds. Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion, twice the amount going to fossil fuels.Some 75 venture capital arms of major corporations, known as CVCs, have also become prominent players in the space. In 2021, these corporate funds pumped $11 billion into climate and energy transition technologies, accounting for about a quarter of all such public and private investments that year.Supporting the extended timelines necessary for developing and scaling climate technologies are green bonds, sales of which topped $1 trillion in 2023.To be sure, we still have a long way to go. Getting to net-zero by 2050 will require boosting annual spending by more than 60%, to $9.2 trillion a year, to transform our energy and land-use systems. But the bottom line is this: The private sector is now so committed to combating climate change, there is no turning back.Political headwindsThe second thing that gives us hope is political reality. Trump has vowed to dismantle the Inflation Reduction Act, which was designed to spur clean energy projects through grants, loans, and tax credits. But were not convinced that hell be able to do so.In the two years since President Biden signed the IRA into law, with no Republican support, investment in green energy has accounted for more than half of total U.S. private investment growth, resulting in the creation of some 330,000 new jobs (about 40% in batteries, 20% in solar, and 13% in clean tech). More than 550 factories have been expanded or built in 46 states. Amazingly, this surge in private investment has occurred with no more than 20% of IRA incentives deployed as of yet.Even if Trump is truly determined to gut the IRA, which he has dubbed the Green New Scam, it wont be easy. Why? The vast majority of the funds are being directed to parts of the country that have been left behindand that largely means red America. In fact, for every $1 in investment thats going to a Democratic congressional district, $4 are going to Republican congressional districts, according to Jay Turner, a professor of environmental studies at Wellesley College. Any lawmaker, even if theyre staunchly loyal to Trump, is going to think long and hard before giving that up.Developing a clean workforceThe third thing that gives us hope is this: One of the most important areas we need to address to get to net-zeroattracting and training a new clean-energy workforceis something that the Trump administration may actually wind up helping with.In all, some 4 million green jobs are expected to be created over the next five or six yearsand it is far from certain who is going to fill them. At Angeleno Group, one of the longest-standing venture capital and growth equity investment firms dedicated to clean energy and climate solutions, we hear all the time from our portfolio companies that one of their biggest challenges is finding the skilled workers they need.We dont anticipate that the Trump administration will train legions of, say, EV charger technicians. But many of the most in-demand roles to help with our energy transition are in the skilled tradesconstruction workers, electricians, welders and so forthand Trump has shown an interest in boosting industry-recognized apprenticeships in such fields. In this way, we may be able to make headway in cultivating a green workforce, even if the new administration wont recognize it as such.The world stands at the precipice of irreversible climate change. We continue to believe, however, that we can pull back from the brinkthe president-elects climate denialism notwithstanding.0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMWhy the crypto community loves Howard Lutnick, Trumps pick for Commerce secretaryDonald Trumps selection on Tuesday of Howard Lutnick as Commerce secretary brought cheers from the cryptocurrency sector.Little surprise there. Lutnick has long advocated for cryptocurrency to be treated on equal footing with other financial assets. Bitcoin is like gold and should be free trade everywhere in the world, he said at the Bitcoin 2024 conference in Nashville in July. And as the largest wholesaler in the world, we are going to do everything in our power to make it so. Bitcoin . . . should trade the same as gold everywhere in the world without exception and without limitation.As commerce secretary, Lutnick will also be in regular talks with CEOs and the business community and could be an influential evangelist of crypto acceptance. He has certainly made no attempt to hide his enthusiasm over cryptocurrency. His investment firm, Cantor Fitzgerald, oversees some of the reserve funds for the Tether stablecoin, while many other Wall Street firms have shied away from crypto. Hes also quite bullish on Bitcoin, though has been dismissive of other tokens, saying theyre just not a thing.At that same conference, he bragged that Cantor owned a shit load of Bitcoin and announced the launch of a Bitcoin lending program, meant to give leverage to those who own Bitcoin. He committed Cantor Fitzgerald to $2 billion in loans as part of the program.Two months after the conference, Lutnick went on Fox Business and urged regulators to classify Bitcoin as a commodity, which would allow it to be treated the same as gold and oil. In that same interview, he expressed concerns that regulators in the Biden administration were unable to grasp the importance of Bitcoin and the cryptocurrency industry.Lets face it: they dont even know how to do crypto and digital at all, and they have no idea; they still dont understand how important it is to get it right, he said.Lutnicks appointment as co-chair of the Trump transition team, before the commerce secretary announcement, was heralded by Alex Grieve, head of government affairs at Paradigm, a crypto investment firm, who wrote in a post on X that Lutnicks inclusion in the team is huge for crypto.https://twitter.com/AlexanderGrieve/status/1824435126119567731Now, Lutnick, if he is confirmed by the Senate, will oversee Trumps tariff and trade agenda as well as divisions such as the Census Bureau and the Economic Development Administration. Thats an important financial role, but one that doesnt have a direct impact on the future of cryptocurrency. Its not exactly powerless, though.The Deploying American Blockchains Act of 2023, which passed the House earlier this year, would give the secretary of commerce the power to take actions necessary and appropriate to promote the competitiveness of the United States [in] blockchain technology or other distributed ledger technology. The bill is currently in the Senate.Regardless of the bills outcome, Lutnick is a longtime close associate of Trump and his enthusiasm for cryptocurrencies likely had an effect on the president-elect. In May, the Trump campaign began accepting crypto donations and began building what he called a crypto army to win over young voters.He has also won the support of fellow crypto enthusiast Elon Musk, who had lobbied for Lutnick to become Treasury Secretary, writing he would actually enact change if he got the job, adding Business-as-usual is driving America bankrupt, so we need change one way or another.Robert F. Kennedy joined in the praise, as well, writing Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the dollars downgrade from the worlds reserve currency, and the offramp from a ruinous national debt. Bitcoin will have no stronger advocate than Howard Lutnick.0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMThese new taxes could help fight climate changeThe COP29 climate talks in Azerbaijan aim to agree on an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming. Some see new taxes as one way to get there.The Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya, is exploring the issue. Below are extracts from its latest report on the options being discussed and estimates about how much could be raised.ShippingThe levy that could be closest to being agreed is for shipping, responsible for around 3% of global emissions, with governments set to debate a series of measures at a meeting of the International Maritime Organization in April.Models for a levy include a Pacific islands and Caribbean proposal for a flat rate of $150 per ton of carbon dioxide equivalent (CO2e), rising every five years, the GSLT said.The European Union and Japan favour a levy of $100 per ton in 2027, while countries including Bahamas and Liberia have proposed an initial flat rate of about $18.75 per ton.A levy of $150 to $300 per ton could generate $127 billion a year in 2027-2030, the GSLT said, citing a study by U.N. Trade and Development. Revenue would fall to $103 billion in 2031-2040 and $36 billion in 2041-2050 as ships became less polluting.AviationAviation accounts for 2% of global emissions yet is usually free of value-added tax (VAT) or sales taxes. Levies being discussed by the GSLT include kerosene fuel, private jet fuel, luxury tickets and frequent flyers, which together could generate $19 billion to $164 billion a year, it estimates.Around 29 countries already tax aviation fuel through excise duties, carbon levies or emission permits. The average price among G20 countries in 2021 was 9 euros ($9.50) per ton.Hurdles to a broader tax include ensuring a level playing field for industry players and overcoming legal barriers.At least 21 countries also already have some form of levy on airline tickets, at rates ranging from 2 euros in Portugal to almost 500 euros on some flights out of Britain, the GSLT said.Fossil fuelsCountries already impose levies on fossil fuels, including indirectly when gasoline is bought at the pump, through VAT, carbon taxes, or emissions-trading schemes, or via royalties or taxes on oil companies.GSLT said revenues could be generated in future through a levy on extraction or windfall taxes on energy company profits.A Climate Damages Tax of $5 per ton extracted in 2024 would generate an estimated $216 billion, a Greenpeace report this year said.An ActionAid report said a 50% tax on the windfall profits of the biggest 14 fossil fuel companies by market value in the two years to July 2023 would have generated around $173 billion.Financial transactionsMore than 30 countries have some form of levy on financial transactions including Britain, France, Italy, and Spain although agreeing a cross-border levy has proved tough.The Austrian Institute of Economic Research estimates a 0.1% levy on trading stocks and bonds and a 0.01% rate on derivatives trades globally could raise $238 billion to $419 billion a year.CarbonThe GSLT says there are currently 75 carbon pricing mechanisms across 83 jurisdictions, of which 36 are structured as emissions trading systems (ETS) and 39 as carbon taxes. In total, they cover 24% of global emissions.But most are priced more cheaply than the $40 to $80 a ton needed to keep the world on track to rein in global warming, due to political concern about the impact on households and businesses.A plan proposed by the International Monetary Fund would see countries agree a minimum price of $50 a ton, or of $25, $50, and $75 a ton varying with the stage of a countrys development.The GSLT said another option could be to link up existing trading schemes.WealthThe Group of 20 largest economies this year discussed whether to raise taxes on the super-rich.A report backed by current G20 leader Brazil proposed a global minimum tax of 2% of wealth for the worlds roughly 3,000 billionaires, to raise about $250 billion a year.Other options could include changing the threshold at which the tax kicks in and the rate at which it is applied.CryptoCryptocurrencies such as bitcoin are created by computation power driven by energy usage that creates emissions.In 2022, Kazakhstan moved to charge crypto miners between 1 and 25 Tenge ($0.002 to $0.056) per kilowatt-hour, the GSLT said. A global tax on electricity use of $0.045 per kWh could raise $5.2 billion, the IMF has estimated.A levy on crypto trading at 0.1% could raise $15.8 billion while a capital gains tax of 20% could raise up to $323 billion, IMF research shows.Plastics Countries are set to meet in South Korea next week to agree a deal on reining in plastics pollution, with Ghana and others calling for a levy on producers of virgin plastic polymers.A fee of $60 to $90 per tonne on primary polymer production could raise $25 billion to $35 billion a year, the GSLT said, citing analysis from Australian non-profit the Minderoo Foundation.($1 = 0.9473 euros)By Simon Jessop, Reuters0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMApply now for Fast Companys 2025 World Changing Ideas AwardsApplications are open for Fast Companys 2025 World Changing Ideas Awards! The deadline is December 6, 2024, at 11:59 p.m. PT. You can submit your project here! If youre still on the fence, here are some excellent reasons to applyand some tips on what were looking for when we judge the entries.For our World Changing Ideas Awards, now in its ninth year, Fast Company is looking for the best products, concepts, companies, policies, and designs that pursue innovation for good. We want to honor clean technology, innovative corporate initiatives, thoughtful new designs for cities and buildings, creative works that help drive change, the ways organizations respond to disasters, and many other concepts.The winners will be featured in the May 2025 issue of Fast Company and online on fastcompany.com. Among the honorees for 2024 were a Paris housing complex that used 100% recycled concrete, a solar-powered refrigerator for the developing world, a renewable battery thats 10 times cheaper than lithium ion, and a redesigned mobile restroom for people with disabilities. There were also companies working on sustainable aviation fuel, 3D-printed living seawalls, safety tech for workers in extreme heatand so many more.New format for 2025For this years awards, were debuting a new format:Instead of naming a winner in 50 categories, well be naming a single list of the top World Changing Ideas entries. Well be considering every application and creating a list of the most compelling submissionsalong with a few categories offering a chance for additional recognition for companies excelling in specific locations, sectors, and years in business.Visionary of the yearFor the first time, well also be naming a Visionary of the Year. This award will recognize leaders at any level of a company who helped create a product, service, new business model, or policy that improved sustainability, equity, and/or accessibility, and generally made the world a better place for its customers.What were looking forAnd while the format may have changed, the criteria hasnt. To get a sense of what were looking for, read about all of last years winners here.Fast Company editors will be judging entries based on their impact, innovation, creativity, and scalability. Were looking for big corporate initiatives and small, grassroots projectsand everything in between.The winners of our awards are seen by millions of people. Our hope is to support the growth of positive social innovation by showcasing the best exampleswhether from a major corporation or a small nonprofitto the business community, and that our finalists receive more exposure and a chance to scale even further. We look forward to reading your entries. Apply here.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMMore people are applying for business schoolbut not for the reasons you thinkBusiness school applications are through the roof this semester, and while that usually only happens when theres distress in the labor market, that may no longer be the case, thanks to changing applicant priorities and business realities.After two years of declines, business school programs saw a 12% spike in applications globally this school year, and an 8% increase in the United States, according to a recent study conducted by the Graduate Management Admissions Council, or GMAC. Overall, 72% of American institutions reported higher applicant volumes to their MBA programs this summer for the school year that began in September, as compared to 2023.Applications went up at the start of the pandemic, but in the years following weve seen applications decline, says the studys author, Andrew Walker, GMACs director of industry communications. This year we saw applications go up again, really across the board, but certainly among MBA programs, and especially among U.S. MBA programs.No Longer an Economic BellwetherHistorically, business school application volume has been closely correlated with economic and labor market trends, and it stands to reason. When job prospects are limited, people feel a greater need to earn credentials to improve their future earning potential. Theyre also less likely to have a career that they would otherwise need to pause to go back to school.This school year, however, feels different.To say that applications to MBA programs went up because there are fewer job opportunities, I just think thats too simple of an explanation, Walker says. I think it really is a more holistic decision that folks are making, and I think increasingly thats how business schools are presenting their value proposition.Walker explains that the correlation between macroeconomic forces and business school applications was strong in previous generations because most pursued the degree for the financial return on investment.According to a survey of Gen Z applicants conducted by GMAC in 2023, however, younger Americans increasingly view that return in more than just dollars and cents. In fact, the greatest share of respondents cited the opportunity to enhance their life and develop their potential as a reason for applying to business school. Increasing their future earnings, meanwhile, ranked second.Gen Z candidates, who are increasingly applying to business school now, see it as not just a means to make more money or advance their professional career, Walker says, but a place to find enrichment and to make a positive impact, to make themselves and their families proud, and as a means to achieve work-life balance.A New Generation of ApplicantsBusiness schools are still seeing high volumes of those applying for traditional reasons, but theyre also seeing a boost from applicants who may not have considered business school in generations past.Applicants these days are very different from when I started this 17 years ago, says Scott Edinburgh, the founder of admissions consulting firm Personal MBA Coach. It used to be that the economy goes up, the economy goes down, and that dictates application trends, but the economy is weird, and were seeing different, broader interests.Edinburgh explains that while his firm still caters to the traditional finance, founder, and consultant cohort, hes also seeing significant interest from nurses, teachers, designers, and even food scientists seeking to advance their careers or become leaders in their sectors in the future.I just got off the phone with a flight attendant who is applying to business school, and theyre not the only flight attendant that Im talking to right now, he says. Were seeing people coming from very different backgrounds than we saw in years past.A New Level of Complexity Across IndustriesEdinburgh attributes the broader interest in business school to the increasingly complex nature of business, coupled with a labor market thatwhile not exactly strugglingisnt offering professionals sufficient advancement opportunities, either.Were seeing a lot of people who are scared, where nothing is going wrong with what theyre doing, but theres just uncertainty, and they dont want to be stuck in a place that is not going to give them advancement, he says. Whether its DEI or AI, people are seeing that in order to lead they have to know how to play in those spaces, and their job is not teaching them that stuff, but business school is.Both Edinburgh and Walker applaud business schools for being responsive to those trends, as more seek to offer specialized training on subjects like artificial intelligence and nonprofit management while providing more flexible learning opportunities.With all the hype about AI and machine learning, for example, we now offer a program called MBAi that focuses on how AI is used in marketing, operations, finance, and the ethical deployment of AI from an organizational perspective, says Greg Hanifee, associate dean of the Kellogg School of Management. We also have a Golub [Capital] Board Fellows program, where students get assigned to a nonprofit in the Chicagoland area, and operate as a fully functioning board member.This year 70% of Kellogg students signed up for a social impact elective, and the Golub board fellows program was so popular among full-time students that it has since been expanded to include part-time students as well.Hanifee says Kellogg saw a 23% increase in applicants to its two-year MBA program this year, marking the second consecutive annual increase and the highest applicant volume of his 11-year tenure, aside from the pandemic spike in 2020 (when schools temporarily waived their standardized test requirements).All of our programs have seen double-digit increases, which is interesting, he says. Typically, in an uncertain economy more people go for our full-time program, because theyre taking a break or got laid off from work, but our evening and weekend programswhich are typically for people who are still workingare also up this cycle.Hanifee, like Edinburgh, is also seeing applicants from a broader array of career backgrounds, which he attributes to the increasingly complex nature of business across industries, and the increasing value of interdisciplinary education.We like to say that today and tomorrows problems are not going to be functional; theyre going to be complex across the organization and across stakeholders, he says. It really comes down to increasing complexity in the world, and how I can best prepare myself to lead in that world.Increasing Demand, Limited SupplyAs demand for business school programs increases, however, Hanifee warns that theyre also becoming more competitive.With a 23% increase in applications for a two-year program, were not growing the program 23% in terms of students, so yes, you can read from that that it becomes more competitive, he says.Its not just elite business schools like Kellogg that are expecting greater competition for enrollment next year, either. According to GMACs data, applications are up among top-ranked schools in the U.S. and around the world, as well as those lower down on the ranking lists and nontraditional business school programs.I have more people signed up [for admissions consulting services] for next year than Ive ever had in October, Personal MBA Coachs Edinburgh says. You have plenty of timeyou can do it this year, and wed be happy to help youbut we do see people starting [to prepare their apps] early, because theyre seeing that its more competitive this year, and I do predict it will be even more competitive next year.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMWho will Trump choose for Treasury secretary?While Donald Trump was quick to name several nominees for Cabinet positions last week, one of the most watched posts, Treasury secretary, is still a question mark. And the search for who will lead the countrys fiscal policy seems to be getting a lot more complicated.Some candidates have dropped out. Others are jockeying for position with Trump. New names are being floated. And Elon Musk has inserted himself into the process as well, though not everyone on Team Trump is reportedly happy about that.This added turbulence comes as Trump is already facing potential resistance even among his own party for at least two of his choices: former Congressman Matt Gaetz for Attorney General and Fox News host Pete Hegseth for Defense secretary. Heres where things stand.Who are considered the leading candidates for Treasury Secretary?At the end of last week, it seemed almost certain that the job would go to either Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, and currently a co-leader of the Trump transition team; or Scott Bessent, a former Soros Fund Management executive and founder and CEO of Key Square Group.Both are still serious contenders, but according to multiple reports, in-fighting for the position has reportedly annoyed Trump to the point where he is now considering other candidates as well.Who else is Trump considering for Treasury Secretary?A few new names have entered the conversation. The Wall Street Journal reports that Trump is now also looking at Kevin Warsh, former economic-policy adviser to President George W. Bush and a one-time member of the Federal Reserves board of governors; and Apollo Global Management CEO Marc Rowan.Warsh had been previously floated as a candidate to become chairman of the Fed after Jerome Powell departs the role, whether thats when his term ends in May 2026 or if Trump will attempt to fire him. Warsh was on the short list for Fed chair in 2019, when Trump ended up picking Powell.Rowan, meanwhile, has been critical of the Fed, questioning why it was cutting rates, given the health of the economy. He has an estimated net worth of more than $8 billion and has been a supporter of Musks future role at the Department of Government Efficiency.Additionally, Bill Hagerty reportedly met with Trump at Mar-a-Lago several days ago and now could be under consideration for Treasury secretary. Hagerty is a former ambassador to Japan under the first Trump administration, and has been a senator from Tennessee since 2021. He has firmly opposed financial support for Ukraine. Hes also well-liked in the party, which could make his confirmation a very quick process. He sits on several influential Senate subcommittees, including banking and foreign relations. And Politico said Trumps longtime trade policy adviser Robert Lighthizer could be considered for the job as well.Why is this pick taking so long?There has been a lot of behind-the-scenes jockeying for this post, which has become annoying to Trump, according to reports. Trump has privately expressed frustration that Lutnick has been hanging around him too much and that he has been manipulating the transition process for his own ends, according to the New York Times.Who has backed out of consideration for Treasury Secretary?Before the current drama, several candidates for the position took their names out of consideration. John Paulson of the investment firm Paulson & Co. backed out six days ago, saying, My complex financial obligations would prevent me from holding an official position in President Trumps administration at this time. Larry Kudlow of Fox Business was considered an outside shot, but told the Trump team last Friday that he would not be returning to government work. And while he was never an official candidate, JPMorgans Jamie Dimon made it clear he had little interest in a role. Trump, last week, said Dimon would not be a part of his Cabinet.How has Elon Musk become involved in the search for a Treasury Secretary?And then theres Musk, who on Saturday, issued an endorsement on X for Lutnick to get the job, saying, Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change. Business-as-usual is driving America bankrupt, so we need change one way or another. He also encouraged his 205 million followers to weigh in on the matter, tagging Trump in the post.That post reportedly annoyed some on Trumps team, with one advisor telling the Washington Post that Musk was acting as a co-president and could be overstepping his role of advisor. But so far, there has been no evidence that Trump and Musks relationship has been strained. The two attended a UFC fight Saturday, then posed on Trumps plane (along with Don Jr. and Robert Kennedy Jr.) over a meal of McDonalds burgers and fries.What happens now?Trump will reportedly continue to meet with potential Treasury secretaries this week. Some possible candidates had already met with Trump, including Hagerty, Lutnick, and Bessent have already met with Trump.The transition team has not given any timeline for the Treasury secretary announcement. Originally, watchers had expected Trump to name someone at the end of last week.0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMTropicana orange juice fans revolt against smaller bottles as shrinkflation spreadsTropicana orange juice fans arent happy about the brands latest redesign, which replaced the plastic bottles carafe-like look with a smaller, traditional-looking container, shrinking the portion size by 6 ounces. However, customers say that while the size has gone down, the prices havent.Tropicana said on its website that it lowered the manufacturers suggested retail price from $4.69 to $3.99,but, It is possible that for a brief time, retailers have not adjusted their on-shelf pricing while transitioning from our old to new packaging.However, some customers arent buying the excuse, and are accusing Tropicana of charging more for lessaka, shrinkflation. (One unhappy OJ drinker griped on X, Midnight Musings. I am no fan of the redesign of the Tropicana Orange Juice Bottle. Same price but went from 52 ounces to 46 ounces.)The other thing customers arent buying is Tropicana Orange Juice. Bottles have been sitting on supermarket shelves since the rebrand rolled out over the summer, with sales dropping a whopping 10.9% in August, and plummeting 19% by October, according to market research firm Circana as reported by CNN.In addition to adjusting the multi-serving bottles, Tropicana also reduced the size of its single-serving bottles, moving from 12 to 11 ounces. Yet, the price for this bottle remains the same.The consumer is always at the center of our decision-making, Tropicana said in a statement on its website. Because of that, we redesigned our bottles to directly address their concerns around ease of opening, ease of handling, storage and desire for less plastic, as well as offering more affordable juice options.This isnt the first time customers have revolted against a Tropicana rebrand. Fifteen years ago, fans protested when the OJ maker overhauled the brands iconic orange logo (which is seen pierced by a red-and-white-striped straw) and flipped it vertically. Customershated that rebrand so much, Tropicana pulled the cartons from shelves.So, why all the rebrands and attempts to change Tropicanas look and size?It might be the latest battle in the orange juice wars, as PepsiCos Tropicana brand tries to retain its number one position over Coca-Colas Simply brand. The rivalry is not unlike the cola wars that have kept these two companies competing over market share for more than a century.In fact, the reason PepsiCo ditched Tropicanas cardboard cartons for plastic carafes was because they looked more like rival Coca-Colas Simply juice brand orange juice, according to the Wall Street Journal.In 2023, PepsiCos Tropicana brand beat out Coca-Colas Simply brand in refrigerated orange juice dollar sales, per Statista, but not by much ($969.1 million compared to $887.2 million).0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMOvertime pay for millions of workers has been blocked by a Texas judgeA federal judge in Texas has blocked a new rule from the Biden administration that would have expanded access to overtime pay to millions more salaried workers across the U.S.On Friday, U.S. District Judge Sean Jordan sided with the state of Texas and a group of business organizations that argued the Labor Department exceeded its authority when it finalized a rule earlier this year to significantly expand overtime pay for salaried workersruling that the department could not prioritize employee wages over job duties when determining eligibility.Under the federal law, nearly all hourly workers in the U.S. are entitled to overtime pay after 40 hours a week. But many salaried workers are exempt from that requirementunless they earn below a certain level.The Labor Departments now-scuttled rule would have marked the biggest increase to that cap in decades. Employers were required pay overtime to salaried workers who make less than $43,888 a year in certain executive, administrative and professional roles as of July 1and that was set to rise to $58,656 next year.The Labor Department estimated that an additional four million lower-paid salary workers would become eligible for overtime protections in the first year under the new rule. An additional 292,900 higher-compensated workers were also expected to get overtime entitlements through separate threshold increases.Now, the previous threshold of $35,568which was set in 2019 under the Trump administrationis poised to go back into effect.A spokesperson for the Labor Department did not immediately comment when reached by the Associated Press Friday. It was unclear if the department would attempt to appeal the decision from Jordan, who was nominated to his seat by Republican President-elect Donald Trump during his first term.At the time of the rules finalization in April, acting Secretary of Labor Julie Su stated that the administration was following through on our promise to raise the barnoting that it was unacceptable for lower-paid salaried workers to do the same job as their hourly counterparts with no additional pay.Following the finalization of this years rule, legal challenges bubbled up. A handful of trade groups argued the move would harm businesses and lead to costs that would potentially result in employers needing to cut jobs or limit their workers hours.David French, executive vice president of government relations for the National Retail Federationone of the groups that challenged the Labor Departments rulemaintained in a statement Friday that the changes would have curtailed retailers ability to offer the most flexible, generous and tailored benefits packages to lower-level exempt employees across the industry.Fridays ruling is a bit of dj vu. In 2016, an Obama-era effort to similarly expand overtime pay eligibility was ultimately shot down in court after facing pushback from some business leaders and Republican politicians.The Trump administration later brought a smaller raise through, marking the first increase since 2004. Advocates pushing for higher overtime pay have stressed that its far from enougharguing that too many salaried workers are still cheated out of their timebut potential changes under Trumps upcoming second term are unlikely to meet the level of those demands.Wyatte Grantham-Philips, AP Business Writer0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMData-driven startup Aggie uses AI to manage small business social mediaA new, AI-powered platform called Aggie wants to manage your brands social media.Aggie is a product of Audience Genomics, which has since 2018 offered audience data analytics to big brands like Universal Studios, AMC Television, and Fenty Beauty. The company soon also worked with private equity investors to evaluate the quality of marketing by companies they were considering investing in, which led to advising some small and medium-sized businesses on marketing, says founder and CEO Greg Weinstein.And as much as those businesses valued insights and analytics, they still found it challenging to actually produce a steady stream of marketing content to reach audiences on social media.What we learned from them was that theyre all short-staffed, Weinstein says. They all feel under the gun of feeding the never-ending beast of having to populate their social media channels.Greg Weinstein [Photo: courtesy of Aggie]Realizing that the company had a large selection of data into what sorts of social media posts do well, including information that would-be competitors would find it hard to replicate now that social platforms have locked down access to automated tools, Audience Genomics created Aggie. Its a one-stop tool that with a few clicks can generate a calendar of social media posts for platforms including Instagram, LinkedIn, X, Facebook, and Threads, allow users to tweak it if they so desire, then schedule it to publish.Aggie is informed by social media posts and website content previously published by that particular customer and others in the same industry and how theyve fared, as well as guidance that users provide, like requesting that the software focus on a particular sale or product. Its designed to create a diverse array of content, which can include a variety of images and captions ranging from quotes, tips, and tricks to information about specific goods and services to holiday greetings.Stephen Esposito [Photo: courtesy of Aggie]A calendars worth of posts are generated in under five minutes, and typically in less than 60 seconds, says Stephen Esposito, the companys lead investor and chief strategy officer. Keeping social media current is as important to reaching customers as maintaining a website was a couple of decades ago, he says. with younger customers in particular often dubious of businesses that dont regularly post.If you do not have an Instagram, or you have not posted in the last six months, you appear to be closed to them, he says.When customers sign up for the service, which has plans starting at $79 per month with an annual subscription, they provide their company logos, which Aggie uses to generate a branded color scheme for future posts. Users can edit text and images before scheduling posts, or reject some entirely, but the tool is designed to quickly generate usable posts that busy business owners and social media managers can approve, then move on with their days. Pro level accounts, starting at $159 per month, offer more posts every month and enhanced analytics.Sam Lavey, the marketing and social media director for boutique skincare startup Gleem Beauty, says before using Aggie, much of his time was spent coming up with ideas, graphics, captions, and hashtags for social posts. Now, Aggie can generate ready-to-use content for Gleems Instagram more or less instantaneously, though Lavey sometimes makes minor changes to the images, like inserting actual product images where the AI places imagined renderings.What took me just way too much time is now taking me near minutes, he says.Recently, hes also had success reusing Aggie-generated images and text in the beauty companys newsletter, which drives a healthy number of Gleems sales. And in the future, Esposito says, the tool will likely be able to create videos and longer-form editorial content.Aggie isnt the only product that can generate marketing content with AI. Other online marketing tools have increasingly added automated options to generate social media, email, and other material, and marketers can do the same in a bit more steps with tools like ChatGPT.But Weinstein says the companys wealth of data, experience in marketing, and attention to detail helps set it apart from the pack. For instance, he says, images that the product offers to customers come from an extensive library pre-generated and vetted by human experts, who use an in-house tool with a Tinder-like interface to accept or reject potential pictures.We built proprietary review and curation tools where every image actually goes through two layers of curation, he says.The software is also designed to be simple to use, catering to busy professionals like lawyers, real estate brokers, and hair salon owners who either arent social media savvyand may not care to beor simply dont have the time to devote to coming up with clever posts. Ideally, Weinstein says, it can help them compete for audience attention with bigger chains whove long had full-time social media staffing, something out of reach for most small businesses.They dont have time to make social media a second job, says Weinstein. Theyre busy doing their first job, and they dont have the skills, energy or inclination to learn how to become their own personal social media manager.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMYour brain doesnt have to decline as you get older. Debunking myths about agingDebra Whitman is an economist and expert on aging issues. As AARPs chief public policy officer, she leads global policy and research to help communities, lawmakers, and the private sector make aging easier. She has also served as staff director for the Senate Special Committee on Aging and as a researcher in the Social Security Administration.Below, Whitman shares five key insights from her new book,The Second Fifty: Answers to the 7 Big Questions of Midlife and Beyond.Listen to the audio versionread by Whitman herselfin the Next Big Idea App.1. Zip codes determine how long we live.On average, Americans live only 76 years. Our lives are shorter and less healthy than those of people in our peer nations and people in many poorer nations. However,wherewe reside in this country dramatically affects our lifespans. Between the longest-lived county, Summit in Colorado, and the shortest, Oglala Lakota County in South Dakota, there is a 20-year difference in average lifespan. And residents of West Virginia tend to develop chronic health conditions two decades earlier than those in Wisconsin.These disparities are linked to the social drivers of healththings like education, income, access to affordable health care, and zip code. Social drivers account for 60 percent of our longevity. The rest is split about equally between genes and the healthcare we receive.Not surprisingly, higher incomes equate with longer life: men in the top one percent of wealth outlive men in the bottom one percent by 15 years. There are disparities by race, too: Asian Americans live nearly 20 years longer than Native Americans.Certain state policies help drive health and longevity. These include the more obvious laws, like higher tobacco taxes, which reduce smoking, but also those related to minimum wage and paid family leave. We need to use this countrys abundant resources to create environments that support all of us in living healthier and longer.2. Health isnt just what we eat and how many steps we take.We can all take action to improve our health and extend our lives. Youve probably heard about the five healthy habits: a good diet, exercise, a healthy body weight, no smoking, and little or no alcohol. People who practice four of the five habits gain eight to ten years free of major medical problems such as cancer and heart disease.But mindset has a big impact. Harvard epidemiologist Becca Levy found that people with the most positive perceptions of aging live more than seven years longer than their peers with the most negative attitudes. The positive thinkers have fewer strokes and heart attacks, higher physical functioning, and shorter recovery times after illness or injury.The other big health enhancer in aging is relationships. Healthy relationships are linked to better immune functioning, lower blood pressure, and lower levels of inflammationall critical to good health. By contrast, prolonged isolation has roughly the same impact as smoking 15 cigarettes a day. Researchers from the Harvard Study of Adult Development found that the best predictor of physical and mental health for people in their eighties was not cholesterol level or blood pressure but having had good relationships in their fifties.3. Cognitive change is normal as we age, but cognitive decline is not inevitable.Americans tend to overestimate the likelihood of dementia. About half of us believe we will probably get it when only about 15% of people between 75 and 79 have even mild cognitive impairment. And our chances of getting dementia have declined over the last decade, likely because of improvements in nutrition, health care, education, and lifestyle.The Lancetrecently identified 12 modifiable risk factors that account for about 40 percent of dementia worldwide. Some of thesesuch as air pollution and inadequate educationneed to be addressed by the government and the private sector. But many relate to individual behavior.Adopting the five healthy habits I mentioned earlier could help lower dementia risk with aging by up to one-third. Sleep is important, too. People who sleep seven to eight hours a night are significantly less likely to develop dementia than those who sleep five to six hours. Nurturing relationships and staying socially active lower the risk, as does strengthening the muscle of our brain with activities that involve memory, attention, and reasoning.Some cognitive faculties improve as we age: our grasp of meaning and the connections between ideas and our ability to think constructively. We tend to become more emotionally resilient. Our brains continue to change in our second fifty, but not all of that change is decline.4. Older workers are a boon to the economy.When I was a kid, the norm for many Americans was education, followed by a few decades of work, followed by retirement. The reality today is different. More older Americans are working than ever before, even as we see our skills become outdated with no opportunities for reskilling. The average age of retirement continues to creep up. Working while retired is the new norm, and many Americans will never be able to retire.Helping older people stay in the workforce benefits individuals, employers, and the economy. Among older workers, it slows cognitive decline and keeps people socially engaged. Employers with multigenerational workforces see more innovation and higher productivity in both younger and older workers. And older workers help grow the economy. Research has shown that age discrimination that pushed older Americans out of the workforce cost $850 billion for one year in lost wages, salaries, taxes, and consumer spending.But not everyone can keep working indefinitely, and we must better support those who cant. For people who want or need to keep working, we must address the barriers they face, such as outdated skills, caregiver demands, and ageism. About half of Americans are laid off or pushed out of jobs at least once after turning fifty. In the changing work landscape, we allworkers, employers, and lawmakersneed to reimagine what it means to earn and learn over a lifetime.5. We canand mustmake it easier to age well in America.The programs that support us as we age desperately need updating. Social Security hasnt been touched in 40 years, and our safety net programs remain stingy compared to those of our peer countries. The cost of long-term care in the United States can bankrupt people.We need a comprehensive Plan for Aging Well in America that tackles these challenges. This plan should address the disparities that cut the lives of some Americans short while others live comfortably into their nineties. It must ensure affordable long-term care for older people who are ill or disabled, while helping all of us stay as healthy as possible for as long as possible.Too often, we operate from a scarcity mindsetthe belief that supporting longer, healthier lives for older Americans will drain the resources needed for young people or that supporting young people is not connected to health in later life. But investing in our youngest citizens makes them more likely to be healthy adults. Creating a better society for older people lays a foundation for future generations.Improving health care, income, employment, and long-term services costs money. But the less we invest now, the more we will spend later to care for people as they age. And the benefits of such investments arent only economic. A healthier and more financially secure second fifty means less physical suffering and psychological stress, and more freedom to enjoy those final years.This article originally appeared in Next Big Idea Club magazine and is reprinted with permission.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMHow Charli XCX and Troye Sivans Sweat Tour turned sold-out arenas into nightclubsUnsurprisingly to anyone who was online this year, one of the most repeated names when the Grammy nominations were announced last week was Charli XCX, whose album, Brat, earned seven nods. The Recording Academy also nominated Charli XCXs creative director, Imogene Strauss, for Best Recording Package (alongside branding agency Special Offer) for the ubiquitous, neon-green artwork of Brat.In addition to her work on Brats packaging, Strauss was integral to translating it to arenas for Sweat, Charli XCXs co-headlining tour with Australian pop artist Troye Sivan. Sweat, which included 22 stops between September 14 and October 23, was the biggest tour yet for both Charli XCX and Sivan, who sold out arenas with as many as 15,000 seats. Per Billboard, the tour brought in $28 million and sold 297,000 tickets to the 22 shows Charli XCX and Sivan played.But arena tours, in all their grandness, can also be quite staid. Strauss, who was the tours creative director, and production director Jonny Kingsbury were tasked with re-creating the messy, sexual, drug-addled nature of Brat and Sivans Something to Give Each Other in venues that also house Disney on Ice. They used set pieces from each artists solo tour, custom-built a transparent catwalk over a tunnel-like cage, and used intricate Steadicam work to make even the nosebleeds feel like they were part of the action.[Photo: Henry Redcliffe]We really wanted to lean into this dark, clubby lighting as the main focus, Strauss says, noting she wanted it to feel like youre in the club with Charli and Troye.When tackling Sweat, Strauss and Kingsbury had the advantage of having worked together on a previous Charli XCX tour in support of 2022s Crash. That tour traveled the world to several theaters and festivals, meaning the venueswith occupancies ranging from 1,000 to 6,000could be widely different. This constrained their show direction: Strauss says they were lucky if the stage was 40-by-20 feet and that their design needed to be consistent enough, but also able to be modified.Sweat was an opportunity to showcase the discipline that Crash taught Strauss and Kingsbury while letting Charli XCX off the leash. The artist has described Crashthe last of five albums she released under a contract with Warners Asylum Recordsas her major label sellout record and the era itself, her main pop girlie moment. The tour, with its colorful lights and massive columns, reflected this commercial image, Kingsbury says.With Crash, we were trying to fit it into the pop star concept that she was pursuing at that time, he says. On Brat, we were unleashed.[Photo: Henry Redcliffe]An arena thats completely different, but also still an arenaFor Sweat, Strauss and Kingsbury faced one new challenge: Meshing Charli XCX and Sivan together into one single show. Neither Strauss nor Kingsbury had worked with Sivan before, but Gordon von Steiner (Sivans creative director) was an old friend of Strausss and an expert in photo and video. Combined with Strausss knack for live shows, the two easily unified their visions.[Von Steiner] was super open to letting me lead on how to turn the things he was thinking visually into a live world, Strauss says. I definitely expected there to be way more friction, and there was none.Sweats stage showed off the synthesis of the two acts. Because both Charlie XCX and Sivan had been touring solo throughout the summer, producers were able to take piece of each set and incorporate it into the show: Sivan lent industrial scaffolding that dominated the stage, while Charli XCX brought a Brat-green drape that she emerged from at the beginning of each show.Simply due to their size, arenas are a challenge for concert production. With Sweat, Strauss and Kingsbury needed to find a way to fill the space with sound and lights without it becoming gaudy. More mega-club, less basketball game. With that, the duo decided to tone down the design.[Photo: Henry Redcliffe]Usually when you go to an arena show, theyre quite bright, and theres one huge set piece in the middle, Strauss says. As Taylor Swift and Sabrina Carpenter toured on rainbow-fied color schemes, Strauss chose to lean into a darker palette. Doing a really dark show in an arena is pretty rare, and something that we really wanted to lean into.Kingsbury, who works with Cour Design, also led the charge on lighting. For Sweat, he used lighting tricks to invoke a smaller, clubby atmosphere. At the top of the show, a strip of lights sat high above the stage. Each time Charli XCX appeared, the lights were lowered closer and closer to the stage. By the time she came out to sing Vroom Vroom,they were just above her head, serving as her main source of light while flashing wildly.Instead of [the stage] feeling 40 feet tall, it suddenly feels 10 feet tall, Kingsbury says. It feels like club lighting in an arena by constantly shrinking the stage.In 15,000-person venues, camera work is also crucial to making an arena tour feel smaller. For fans way up in the balcony, jumbo screens may offer the only clear view of the artist. Many arena tours will use video that is 60-frames-per-second, shares Kingsbury. The Sweat video feed was a clearer 24-frames-per-second, with video shot every night by a Steadicam operator.Because the screens were made to look like billboards, Charli XCX could perform on them, screaming out her lyrics to fans on the far sides of the stage. Shes touching the people in the worst seats in the venue, but they end up being amazing seats for certain moments of the show, Strauss says.[Photo: Henry Redcliffe]Cages, platforms, and other technical odditiesThe tours biggest set piece was the cage, a long, transparent catwalk with a fenced-in layer below it. This underlayer gave Charli XCX and Sivan access to the floor from backstage, letting them get close to standing-room audience members. It also offered the set designers an opportunity to put their twist on a hallmark of the pop-star arena tour.Charli had been pretty adverse to having a catwalk because she felt like it was too pop, Strauss says. Her being on level with the audience, being able to interact with them more eye-to-eye, thats where the idea for the cage came from.[Photo: Henry Redcliffe]Kingsbury embraced the cage for its cinematic possibilities. When Charli XCX and Sivan came together toward the end of the show to sing their 2018 collab 1999, camera operators were able to film both from above and inside the cagewhere Sivan strutted to the end of the catwalk directly underneath Charli XCX. And, after Charli XCX spat on the catwalk during Guess, a camera operator could capture the shot of her licking it up, from below, in closeup.The shows first finale 1999 also had the tours biggest technical feat: A rising platform, lifting the stars up closer to the balcony. Platforms are a staple of arena shows, but aside from being emblazoned with the tour name, the lift moment still avoided maximalism.I wanted things to feel industrial, minimal, but still dynamic, Strauss says. It doesnt have this big poptastic element of, Oh, its a flying saucer! Its just a platform. Its the most minimal it can be, and were not trying to hide that.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMHow Republican lawmakers will reshape tax policy in 2025Although coverage of the 2024 election was dominated by the economy, taxes didnt get much attention in the run-up to the vote. Thats a bit of a surprise, since 2025 will be a major year for Americas tax system. In fact, the fate of the most significant tax reform in three decades hangs in the balance.That would be the Tax Cuts and Jobs Act, which Congress passed during President-elect Donald Trumps first term in office in 2017. If lawmakers dont take action, the whole package is set to expire at the end of next year. Western Governors University School of Business tax expert Jim Franklin explains what might be in store for the act, and for taxpayers.What do the election results mean for Republicans ability to advance their tax agenda?We know there will be a Republican president, and it appears the Republican Party will have the majority in both chambers of Congress. That means Republicans will be able to pass a tax bill along party lines, similar to how Democrats passed the Inflation Reduction Act using budget reconciliation.This would allow Republicans to pass key policies with a simple majority. The Republican majority is narrow, so it will be interesting to see how the leaders unify their constituent groups.Republicans have traditionally supported lower tax rates for businesses and individuals, as well as tax incentives to help boost economic activity.Whats next for the Tax Cuts and Jobs Act?Currently, the act is set to expire at the end of 2025, but Trump and Republicans favor renewing many of its provisions.The nonpartisan Congressional Budget Office in May 2024 estimated that extending the act would cost the government $4.6 trillion, and theres a split within the party, with one bloc of congressional Republicans calling for a full extension and another asking for the balancing of tax policy and annual federal deficits.Republicans are likely to fight to keep key components in place, including the higher standard deduction, reduced corporate tax rates, individual rate cuts, and an increased estate tax exemption.Theres even talk of lowering the corporate tax rate further, possibly to 15% for domestic production, which would be a significant move.What other tax measures are Republicans considering?Trump mentioned a variety of tax relief ideas on the campaign trail, including exempting tips, Social Security benefits, and overtime pay from income taxes, and creating an itemized deduction for auto loan interest.However, Republicans arent entirely unified on tax policy. Some deficit hawks are concerned about revenue losses, so there could be internal pushback on all these points. The real question is whether there will be enough opposition within the party to alter or block certain proposals.But I expect many parts of the act to be renewed, and we may see some additions. For example, theres been a lot of pressure around increasing the state and local tax deduction cap, also known as SALT, which has bipartisan support in states with higher state income taxes like New York, California, and Illinois. It will be interesting to see if that gains any traction. Theres a lot of pressure among representatives, both Republicans and Democrats, to gain some relief in that area.Where will they find revenue?Good question. Observers are indicating that Republicans are likely to look at cutting green energy subsidies from the 2022 Inflation Reduction Act. These could be eliminated to help balance out the cost of their new tax proposals.Another area to watch is tariffs. Theres talk of raising tariffs on Chinese goodspotentially up to 60%and even imposing a universal tariff on all U.S. imports at a 20% rate. It will be interesting to see how this plays out. Will it be more targeted? For example, will there be continued tariffs on select imports such as automotive imports from China to protect the U.S. electric vehicle market?What will you be watching between now and Tax Day?One factor will be Trumps cabinet appointments. Whoever he nominates for Treasury secretary, for instance, could have a big influence. They can help shape what the tax bill looks like. Another key factor will be who ends up on the congressional tax committees. The composition of key committees will affect the direction of policy and the specific details.What do you think will happen with tariffs?Tariffs are unpredictable: They could be applied broadly, or more selectively. It could be similar to the way that Trump and his first administration placed some tariffs on steel, aluminum, and solar panels. Interestingly, many of the tariffs were retained by the Biden administration.Blanket tariffs could slow down the economy, so there is always a risk. Tariffs impact inflation because they affect the cost of imported goods, which would likely reduce consumers purchasing power. Domestic political pressure will play a role, as higher tariffs could raise prices on many goods that are imported, including essential products like medications.Do you have advice for people struggling to keep up with the latest tax news?Observers often take every policy suggestion on the campaign trail literallyexempting tips, Social Security benefits, overtime pay, etc.as if all these proposals will pass exactly as stated. But the details matter, and policies are rarely implemented without adjustments. So its wise to read beyond the headlines.Jim Franklin is a director of Academic Programs at Western Governors University School of Business.This article is republished from The Conversation under a Creative Commons license. Read the original article.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMWhat makes a hero worthy of our attentionRecently, my friend Scott asked me out of the blue: Is there anyone you idolize?I answered that Id have to think about it. Scott followed up with, What about Abraham Lincoln? Thats when I realized I had misunderstood his question. I thought he had meant, Is there anyone you idolize alive today?With all of history open before me, the question was easier: Of course, Lincoln, I said. Also, George Washington, Harry Truman, and Rosa Parks.Going back further, I invoked King David and the illustrious sage Rabbi Akiva.What about Churchill? Scott asked.Churchill was complicated, I replied. He is certainly one of my heroes, possibly the single most influential figure in preventing Hitler from establishing the Third Reich as the thousand-year empire he imagined it would become. But Churchill was also crass, coarse, and personally self-indulgent. Not someone, I explained, worthy of idolization.Scott pushed back: Does a person have to be perfect to be worthy of being idolized?And thats how we arrive at this weeks entry into the Ethical Lexicon:Idolize (idolize/ ahyd-l-ahyz) verbTo love or admire in the extremeTo worship as a godAccording to the most literal definition, an idol is a graven image representing a higher power, typically a false god of the worshippers own imagination. In more contemporary usage, idols are celebritiesfilm stars, models, sports figureswho elicit godlike devotion from their fans and acolytes. More often than not, these deified personalities lack any intrinsic qualities beyond physical beauty, athletic prowess, or charismatic personality. Clearly, we can find more deserving objects for idolization.What about intellectuals who articulate deep thoughts and moral values? Conservatives may worship such personalities as Jordan Peterson, Thomas Sowell, and Abigail Shrier. Liberals might bow their heads to Van Jones, Sam Harris, and Bob Woodward. Do these thinkers and influencers merit idolization? And if they do, should executive celebrities like Jamie Dimon, Bill Gates, and Elon Musk be counted among their ranks as well?Consider the two definitions of idolize:1) To love or admire in the extreme:If we aspire to fully realize our personal potential, we need larger-than-life figures to look up to, to emulate, to find inspiration in their greatness so we can draw upon our own hidden talents and achieve greatness in our own way. Simply recognizing exceptional individuals who have transcended the apparent limits of human achievementwhether in politics, business, competitive sports, or the artsshows us that we can look beyond the limits placed upon us by our peers, by society, or by ourselves.2) To worship as a god: Conversely, we court disaster by turning the objects of our admiration into deities or comic book superheroes. From King David to Winston Churchill, the luminaries of history all had human shortcomings to accompany their extraordinary accomplishments. Indeed, the true inspiration of their stories resides in how they overcame both internal and external challenges to earn mythic status.Consequently, there are two ways we can err when assessing the stature of heroes: The first is to invalidate their accomplishments by fixating on their flaws; the second is to dismiss their flaws as we marvel at their achievements. Conquering our lesser angels to achieve superhuman feats is the quintessence of being fully human.Perhaps thats why we have so much trouble finding people today genuinely worthy of veneration or even adoration.On the one hand, unrealistic expectations drive us to relentlessly seek out the slightest flaws. If we look long and hard enough, we inevitably find them, after which we summarily dismiss all the greatness that should overshadow those few dark blemishes. On the other hand, once we invest in admiration, we choose to ignore the obvious faults, transforming heroes into caricatures.That these two contradictory mindsets coexist in our culture is both puzzling and deeply concerning. We tear down real heroes and erect false idols in their place. By doing so, we cheat ourselves out of the inspiration that can drive us toward real success.How many CEOs or presumed wunderkind seemed to be rocketing skyward only to plummet to Earth, like Icarus flying too close to the sun? Sam Bankman-Fried, Elizabeth Holmes, Ken Lay, John DeLorean . . . and lets throw in Bernie Madoff for good measure. How many people ignored the obvious warning signs because the illusion of exceptionalism was too attractive to question?And how many humble heroes go unnoticed because we arent looking for them in the right places?Its not hard to identify leaders who deserve our followership. They are the ones who demonstrate transparency, vulnerability, empathy, humility, and grit in everything they do. They dont need to trumpet their successes because their reputations speak for themselves. They dont need to compensate for their shortcomings because struggling with shortcomings has made them who they are.When contemplating which luminaries are worthy of idolization, identify the noble qualities and real accomplishments while simultaneously acknowledging their faults and flaws.Then focus on the virtues you can strive to develop in your own lifes work, seeking inspiration from the greatness that resides in heroic struggle so that you can become a source of inspiration yourself.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMWhat companies are getting wrong about RTO, according to a former Google leaderThis year has ushered in a more robust return to the office, with companies across industries now putting an end to remote work for most employees. The likes of Amazon, UPS, and Boeing are now requiring workers to be in the office five days a week, along with several banks and finance companies. Walmart has required that corporate employees not only return to the office, but also relocate to the retail giants headquarters in Arkansas.These edicts have faced significant pushback from employees, some of whom have threatened to quit. Many workers have been frustrated by the loss of flexibility they enjoyed since the pandemic upended how we work. But another recurring complaint has been that companies often offer little explanationand notice, in some casesfor their decision to bring people back to the office.Its an issue that AJ Thomas often raises when she advises startups and other companies. Thomaswho was formerly the head of talent at Googles moonshot factory and continues to advise therehas worked across talent, product, and teams and now runs her own coaching firm. (She is also a CXO in residence at tech hiring platform A. Team and the founder of the venture capital fund, Good Trouble Ventures.) In an interview with Fast Company, Thomas talked about what companies are getting wrong with their messaging around RTO and what they should be considering before rolling out a strict in-office mandateincluding the impact on marginalized employees. This conversation has been edited for clarity and length.The return-to-office push is obviously not new. But there has been a change in the kinds of mandates were seeing, with companies asking people to come into the office full time. What do you make of this shift and the pushback companies have received from employees?Its now a pull, not a push. I think were actually focusing on the wrong thing. Its not about returning to the office. Its really about, What is the work youre returning to that requires for you to be in the office? In my time at the moonshot factory, we had robotics and hardware and experiments and wet labsand all of these spaces where we needed to have people come in.For me, its just, What is the job that is required? I dont think organizations have gotten really good at articulating that, which is why theyre getting the pushback. Companies [think], Well, this is the way that we need to work.My view on itadvising different CEOs, startups, and teams, and coaching individuals as theyre working through thisis really to just get crisp around the problem that theyre solving for. It has to be based around the principles of what that organization is trying to get done.The blanket messages really do a disservice. Companiesespecially HR leaders and the C-suitehave to get really good at personalizing the message and having it be both inclusive and accessible. Inclusivity, for me, means: Here are the principles by which we decided this. Here are the top priorities that we have. Based on these priorities, here are the skills and the areas in which we will need people either in office, remote, or hybrid. You create the infrastructure for that. And then you say, Okay, lets communicate this to make sure that people understand.Are there any companies that you think have articulated the rationale behind their return to office mandates more clearly?Roblox did a really great job in how they talked about bringing everybody back to the office. What they did was they said, Hey, look, this is our mandate. We want people to be co-located and in the office most of the time. Everybody who has moved outwe want to give you the option. If you want to relocate, we will pay for that. If you dont want to stay, we will give you two quarters to find a new role and then severance.They had a whole policy and a process to make sure it was an inclusive decision. What mattered to them was the culture they were trying to preserve. So it didnt become: Do it, or else. It was, Look, we need to do this. This is the goal. For us to be thoughtful about the workplace culture that were trying to put together, we have these options for you.You dont want somebody going in because they feel obligated to. [And] you dont want somebody because they have to. You want somebody because they want to. And the companies that I see doing this well are articulating the work.We have a sense of what is driving the decision to go back to the office full time. But it seems like a real risk, especially for companies that are trying to retain top performers or employees who need more flexibility. What do you think could be the impact of these mandates?As an employee, you will weed out if its right for you. And as an employer, you will weed out if you actually have people who are just staying and quitting[people who say,] Okay, I need the paycheck, so Im coming back five days a week.Somethings going to giveand whats going to give is performance. Theres going to be a dip in performance because of the mental health toll and physical [and] emotional toll that employees are going through. And you will run the risk of top performers maybe leaving because thats not what they want. You want to look at the design of your system. What is the data? If [of] the top 10% of the company, 8% already work remotely, theres probably something there. [If your] policy is saying they need to come back to the office five days a week, that doesnt quite match.A broad brush policyeverybody comes back or else were going to track all your badgingjust instills fear thats unnecessary. As an organization, I have to cater to the persona of my customer. My customer is the employee waking up every day, choosing my company to do the work I need [them] to do. So I think we need to think about that organizationally as people leaders. We always say that people are the largest bottom-line cost and expense that we have. But they are also our customers.What do you think is being left out of the conversation around return-to-work mandates?The thing that we are not focusing on enough is the part of the population that now had accessibility to this flexibility because of the pandemic. Folks who are differently abled [who] thrive in a virtual environment. Working moms or single working parents who have to juggle many different things.I just dont think weve had enough dialogue around: What are the new ways in which work happens? Because we are now more aware that people actually have lives outside of work. Who are the most marginalized employees when it comes to this kind of policy? What are their needs, and how do you design for that?Is there any other advice you would give to companies that are looking to bring employees back into the office full time?Is return to office really the problem youre solving for? Or is it high performance? Because those are two different things. If its just return to office, youre going to be okay with getting 100% return to office but a 52% engagement rate. But if it is about high performance, then youre going to redesign your systems to get to whatever that goal is. If you care about return to office? You can get an outcome of a return to office, but you [will] get a totally different barometer of impact if youre not clear on what youre incentivizing.Ill leave you with this. Thinking about culture as a product: In the tech space, as an analog, there is usually a tech stack youre working with. Theres an operating system, an application layer, and a feature layer. If you think about these layers, the operating system is analog to your mission, vision, and values as an organization. The application layer are the teams that need to execute to make the operating system come to life, and the features are things like RTO, policies, revenue, OKRs, etc. I find most of the great teams debug at the operating-system layer. If youre just going in and tacking another feature on top of a broken operating system, then your application layer is going to be screwed 100% of the time because the teams arent going to understand what command to execute on. We just [have to] debug at that operating-system layer.0 Commentarios 0 Acciones 13 Views
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WWW.FASTCOMPANY.COMDemocrats are missing the point on Joe RoganThe weeks after an election are open season for pet political theories. An electorate as massive and sprawling as Americas will never swing on just one thing. But thats no fun to admit. So why not share your one thingyou can be as right as anyone else. But among the Monday-morning quarterbacks of social media, one strain of analysis seems poised to rule them all: that liberals need to find their own version of Joe Rogan.As expected, the viral idea was met with a bit of enthusiasm, then a whole lot of scorn, before eventually reaching its final stage: memes.But, despite the social media clowning, its not hard to understand where the idea came from. Rogan, the undisputed champion of the podcast medium, has crept rightward since endorsing Bernie Sanders in 2020. Since 2020, his unprecedented Spotify deal has netted him upwards of $200 million and countingthe streaming giant re-upped this February which gives a not-so-subtle clue to Rogans invaluable reach. The most popular show on Spotify for four years running, The Joe Rogan Experience boasts 14.5 million subscribers on the platform as of March. Thats almost three times more than the second-most popular show. During the two weeks ahead of Election Day, he had Donald Trump, JD Vance, and Elon Musk on his show. (Rogan invited Harris on his show, but he explained via X that her campaign declined to travel to Austin, a condition for the live recording.) Then, right before Election Day, Rogan endorsed Trump.The leftist Joe Rogan pipe dream goes up in smoke upon close examination. In Vulture, Nicholas Quah argues that the idea is little more than fantasy wish-casting, driven by a top-down desire to inorganically bring into the world something that can only exist organically. The effectiveness of a Rogan endorsement is tied to the very fact that hes not an inherently political figure; for a political movement to build their own Rogan would be sort of like trying to force a campaign jingle into the mainstream versus coopting a successful song as a campaign soundtrack. (At least with music, the Democrats went the latter route with Charli XCXs Brat this summer. The effectiveness of the now famous kamala IS brat tweet will undoubtedly be studied generations from now by legions of American Empire scholars.)The thing about Rogan that separates him from the more blatantly right-wing podcasters, like Charlie Kirk and Candace Owen, is that by not foregrounding politics, hes able to draw a listenership that actually isnt that right-leaning. An Edison Research study found that the audience is, unsurprisingly, very male (80%), but perhaps more surprisingly, extremely nonpartisan: 27% identified as Democrats and 32% as Republicans. Most significantly, 35% IDd as Independent or Something Else. In todays polarized political climate, where else can a candidate reach an audience that is 35% undecided? And more than that, a group of Undecideds who agree on one key thing: They intrinsically trust the man behind the mic.I called Quah a few days after his piece ran because I needed to talk through something that had been bugging me: After three decades of the political radio host Rush Limbaugh and the conservative talk radio megalith, how did the Democrats miss the growing power of podcasts to convince the electorate?Quah was quick to differentiate between Limbaugh and Rogan. Democrats, with Crooked Media and Ezra Klein; and Republicans, with Kirk, Carlson, and Dan Bongioni have extremely popular shows that serve, and rile up, their respective bases. Certainly the two sides tenor is starkly different, but the ability to win new votes seems negligible in either case. But people primarily go to Rogan for something else and develop a kinship with him on something else, Quah tells me. So when he does weigh in on a political issue, it feels less like youre being sold and more like this person that you care about and have a relationship with has this belief. Quah says hes been batting around the idea that as church attendance falls, podcasters have started to fill the space left by pastors. We go to fucking podcasts to try to understand ourselves.In that sense, the appropriate Rogan comparison is more Howard Stern than it is Limbaugh. The goal of Roganand Theo Von, Lex Fridman, Bill Simmons, and Alex Cooperis not to appeal to policy wonks or college Republicans. Everything is political, sure, but politics, in its most essential form, is the art of persuasion. And in an election where a few thousand votes in a handful of swing states was always going to be the difference, reaching the persuadable in one of the few remaining spaces where they can be persuaded seems straightforwardly the right move.On Wednesday, the New York Times published a piece featuring conversations with 13 young undecided voters from August through November. Three of the interviewees mentioned Rogan. One, a white 22-year-old man from New York, said that Trumps appearance on The Joe Rogan Experience was huge for me. Trump enthusiastically said yes to a three-hour, open, honest conversation with Joe Rogan, who was a former Bernie bro. I think its very telling about which candidate is authentic and which candidate is not.Rather than do Rogan, the Harris campaign leaned on celebrity support: The vice president touted endorsements from people like Beyonc and Taylor Swift, and held sold-out rallies with performances by Megan Thee Stallion and Bruce Springsteen. She avoided the podcast space until the last moment, when she appeared on Alex Coopers Call Her Daddy and former NBA players Matt Barnes and Stephen Jacksons All the Smoke, and did a radio interview on The Breakfast Club with cohost Charlamagne tha God. According to the Financial Times, Jennifer Palmieri, a senior adviser to Harriss husband, Doug Emhoff, said this week that Harris declined to appear on Rogan out of fear by some in the campaign that it would prompt backlash. After all, they reasoned, Rogan has been maligned for his positions on vaccines, trans rights, and his repeated use of derogatory language. But now, after November 5ths results, its hard not to wonder if, when it comes to convincing new or undecided voters, a podcast appearance mightve been more powerful than a viral Swift Instagram.Theres been a lot written about the intimacy of the radio and podcast medium, but Ira Glass probably put it best in a recent interview with The New Yorker: Its like youre in the bed in the dark with somebody. Not seeing somebody and just hearing them, and hearing the silences between sentencesthe intimacy is just built in. And its also not hard to achieve. Putting Rogan on while you sit in traffic or while you wash the dishes or in bed before you sleep creates the illusion of a relationship. Theres trust there. If even a little of that trust can rub off onto a politician, thats worth a thousand TV ads or cable news hits where the medium too clearly exposes the artifice.In August, Harriss campaign chair Jen OMalley Dillon said at the CNN-Politico Grill: We all know who the vice president is, but the American people dont really know her that well, and they dont know her story. Declining the chance to speak, at length and off book, to millions of Independent or Something Else voters seems like a clear misstep by Harris.Perhaps this is just one more Pet Take to explain the hard-to-fathom appeal of Trump. Theres almost certainly no one thing that Harris could have done to win on November 5. But the audio medium has been a dominant force in politics for as long as radios have been in homes. Which is why its so vexing that the Democrats seemed to miss it this cycle. FDR and Winston Churchill understood its power, but theres a better example from those early days. In the late 1930s and early 1940s, Pappy ODaniel became the central force in Texas politics by riding his ultra-popular midday radio show into the Governors Mansion and then the United States Senate. The political sharps of the time doubted him: He was a political novice. And he was corrupt and ineffectual once he reached those posts. But he wasnt like other politicians. The voters felt they knew him. He came into their living room every day. So, he was theirs.0 Commentarios 0 Acciones 14 Views
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WWW.FASTCOMPANY.COMMore states are adopting laws to protect children of familyvloggersRuby Franke was once one of the most popular YouTube family vloggers, posting videos featuring her husband and six children on her channel, 8 Passengers, that racked up more than 1 billion views.In some, she chronicled their family vacations and family activities, such as painting together. In others, she detailed how she banned her 16-year-old son from sleeping in his bedroom for seven months and threatened to behead a stuffed animal.In August 2023, Franke was charged with child abuse and pleaded guilty four months later.While the crimes that led to the charges, such as denying her kids water and handcuffing them for extended periods of time, didnt appear on 8 Passengers, her children viewed the vlogging as a larger pattern of abuse.In October 2024, 21-year-old Shari Franke, Rubys oldest daughter, testified to Utah lawmakers about what being a child influencer against her will had done to her.I come today as a victim of family vlogging, Shari said, to shed light on the ethical and monetary issues that come from being a child influencer. She added, If I could go back and do it all again, Id rather have an empty bank account now and not have my childhood plastered all over the internet. No amount of money I received has made what Ive experienced worth it.Her testimony took place just a few weeks after California passed a law mandating that a portion of proceeds from social media content featuring kids must be set aside in a trust for the child when they turn 18.Im a social media researcher whos spent the past two years advocating for the children of family vloggers. As recently as 18 months ago, Id written about how there were no legal protections for the children of influencers, even as child actors have robust laws in place to protect their earnings.Now thats starting to changebut theres still more work to be done.New laws for a new ageSome children featured in their parents social media content go viral as toddlers; others have their first menstrual cycles broadcast to the world; and they can be pressured by their parents to be the talent that sustains their familys financial livelihood.California has the Coogan Act, which protects the financial interests of entertainers under 18. But this was passed in 1939, long before the rise of social media; until recently, there has been no comparable Coogan Act for the children of family vloggers.In August 2023, however, Illinois became the first U.S. state to pass a law protecting the financial interests of the children of family vlogging. The bill requires parents to put aside 50% of the earnings for a piece of content featuring their child. The money must go into a trust that the child can access upon turning 18. If theres no money available for them, they can sue their parents.Minnesota was the next state to pass this kind of legislation, in May 2024. This one went beyond financial considerations, prohibiting children under 14 from appearing in more than 30% of their parents social media content. If children do appear in these videos and the videos are monetized, money must be put into an account, similar to Illinois.In December 2023, I consulted with legislators on drafts of Californias measure. This bill, which was signed into law in September 2024, is similar to Illinoiss law but has been considered an important step in regulating family vlogging content given the states relationship with the entertainment industry.Work is workThese laws are not geared toward the casual parent who wants to share a picture of their child on Facebook or Instagram. Theyre putting guardrails in place for a form of child labor that, until recently, has gone wildly unchecked.In the spring of 2024, I provided written testimony to the state of Missouri, which was considering its own law. I pointed out that there are more than 500 hours of video uploaded to YouTube every minute, TikTok boasts more than 150 million active monthly users in the U.S. alone, and Instagram users watch 17.6 million hours of Reels per day. I explained how, over the past decade, Ive interviewed more than 150 content creators and influencersand Ill often hear them say theyve been paid upward of $8,000 per post.Brand sponsorships remain a gray area in these laws; most of the new legislation encompasses only payments directly from platforms. But I want to emphasize that were not talking about a few extra bucks here and there. It can be enough money to raise a family. And its workfor everyone involved.Whats nextIllinois, Minnesota, and California may have passed laws, but the issue remains on the table elsewhere.Washington state has tried to introduce such a bill, and Shari Frankes testimony came as Utah begins considering its own legislation. However, I believe that any work on combating the problem of exploiting children for social media demands a holistic approach.Importantly, children cannot consent to appearing in their parents content. While it may seem fun to appear in mom or dads video, young children have no concept of the internets dangers. They dont understand that content can move beyond its intended audience. They dont understand that the internet is foreverthat one day, when theyre applying to college or for jobs, Google search results may yield their baby photos.In 2023, Maryland attempted to introduce legislation that would include Right To Be Forgotten provisionsan addendum allowing children to request social media platforms delete content about them when they turn 18. The measure never gained momentum, and the bill stalled. But states can look to the European Union, which has some of the strongest Right to Be Forgotten legislation in the world, for inspiration.Social media platforms also have a role to play. If they wanted to, they could regulate or ban monetized content centered on children. That being said, family vlogging content is a moneymaker for platforms: It racks up billions of views, which keeps audiences on the hosting site, such as YouTube or Instagram, for longer. So you might assume that platforms would never intervene on their own if it risked hurting their bottom line.But one thing Ive learned from studying social media platform governance is that public opinion matters. And in my ongoing research on family vlogging, Ive witnessed a massive shift in public opinion over the past two years, as the press pays more attention to the phenomenon, content creators and audiences are more critical of it, and former children of family vloggers, like Shari Franke, tell their stories.If platforms can quickly churn out their own versions of AI chatbots, they can build teams to figure out how to help regulate and enforce family vlogging legislation in the U.S.and have the opportunity, in my view, to be on the right side of history.Jessica Maddox is an assistant professor of journalism and creative media at the University of Alabama.This article is republished from The Conversation under a Creative Commons license. Read the original article.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMThis is how to be an empathic leader during stressful timesBeing a good leader is challenging in the best of times. But in stressful or uncertain times, its even more daunting. As a manager, you are responsible for business results and your employees job satisfaction and well-being. Its a tall order, especially when most people who find themselves in management roles were never taught how to manage.The best way to make your employees feel respected and valued during stressful times is to be more empathic. Heres what empathy looks like in the workplace and how to put it into practice:Empathy isnt an emotion, its a choice Fast Company contributor Davianne Harris writes that empathy is often misconstrued as a way of responding or reacting in challenging situations. Empathy is a mindset more than an attribute. She explains that being an empathetic leader is the difference between telling employees how to solve a problem and developing people who can craft solutions in their own way.Leading with empathy requires making people feel heard and valued, which means asking your employees for their perspective, and considering what they express when making decisions.Transparent and clear communicationOne of the biggest ways to build and maintain trust as a leader is to be as clear and transparent as possible. Especially in times of uncertainty, employees crave straightforward, transparent messaging from their bosses that goes beyond directives and plans, explains Fast Company contributor Leah Mether.When things feel uncertain or stressful, share as much information as you can and be honest. People are smart and see through the platitudes. Its also helpful to be able to clearly articulate your team or companys vision, direction, and priorities and explain the why behind decisions.Its also important to set realistic expectations. Mether points out that when so much feels out of control, having realistic and clear expectations about job requirements, behavioral standards, workload sustainability, and work flexibility are essential.Put yourself in your employees shoesFast Company contributor Stephen Kohler advises leaders to useempathetic pragmatism, saying that navigating difficult times requires leaders to acknowledge the harsh realities of business while keeping in mind the people those decisions affect. Another way to think of it is balancing compassion with decisiveness. One of the biggest ways to put this into action is to put yourself in your employees shoes.It may sound obvious, but its easily overlooked. Ask yourself: If I were givenextra work, if I were reading about mass layoffs in my industry, if I heard our company missed its profit goals, what might I be thinking or feeling? How would it directly impact me, my team, or my family? How would I want to be treated? After all, treating people as you would like to be treated is called the golden rule for a reason.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMTrumps new DOGE task force is tailor-made to benefit Elon Musks businessesOn Tuesday, President-elect Donald Trump named Elon Musk and Vivek Ramaswamy as cochairs of a new Department of Government Efficiency, or DOGE. This appointment allows Musk the opportunity to simultaneously do two things that are very important to him: publicly complain about government policies that cost him money, and tweet deeply unfunny jokes about the fact that the acronym is also the name of a meme cryptocurrency.DOGE, Trump announced, will take an entrepreneurial approach to government, aiding his administrations efforts to slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies. A hastily created account on X, the scam-ridden disinformation machine Musk owns, promised that DOGE would be working overtime to ensure your tax dollars will be spent wisely. (The tweet sported the special silver verification badge that Musk invented for official government organizations.) Trump gave DOGE until July 4, 2026, to complete its work, and expressed hope that it will be The Manhattan Project of our time. Perhaps the only thing funnier than creating a government efficiency office with two heads that is favorably comparing it to a secret research initiative that, in todays dollars, cost the government north of $30 billion.Decrying the evils of bloated bureaucracy has long been applause-line fodder for conservative types, whose passions for reducing the national debt and curtailing out-of-control spending last until the moment it is time to enact another round of tax cuts for billionaires. You can trace the rights enduring obsession with these subjects to the legacy of the Grace Commission, which President Ronald Reagan convened in 1982 to study cost control in the Federal Governmentor, as he put it in a speech that same year, to drain the swamp.On the other hand, DOGEdepending on how few key details shake outcould be a far more malevolent manifestation of standard-issue fiscal-conservative dogma: an opportunity for an erratic Silicon Valley ghoul megalomaniac with a history of egregious mismanagement to exercise vaguely defined authority to make important decisions about things he doesnt understand. After acquiring Twitter in 2022, Musk famously set about laying off employees he deemed inessential, eventually cutting roughly 80% of its workforce. As anyone who has tried to drink from Xs broken fire hydrant of vile conspiracy theories, sketchy ads, crypto bots, and engagement-bait slop can attest, the most obvious consequence of this shift has been delivering a product from which people are fleeing en masse.This time, however, instead of making harebrained decisions that merely ruin a social media network, Musk would be gutting government agencies that are responsible for enforcing the law against him. Through his super PAC, Musk donated more than $100 million to Trumps 2024 reelection campaign. Part of his reward is the right to cosplay as a good-government crusader while looking for opportunities to line his pockets.As was true of the first Trump administrations worst ideas, any discussion of DOGE requires several caveats up top. Although it isnt yet clear how much power Musk and Ramaswamy will actually have, a safe partial answer is probably not as much as they want. Congress is in charge of appropriations, which means that a recommendation from Musk and Ramaswamy to, for example, close the federal Department of Education would require congressional approval first. As happy as Republican lawmakers typically are to give Trump whatever he wants, I am not sure theyll be as cavalier about surrendering their constitutionally prescribed spending power to a pair of outsiders who have never held elected office.Second, the sorts of mass layoffs that Ramaswamy has previously floatedup to 75% of some 2.2 million federal employeeswould, at the very least, be subject to immediate and robust legal challenge. As you might expect, Trump aides are reportedly workshopping fringe legal theories that would allow the White House to bypass Congress and implement cuts unilaterally. That said, given that DOGE is operating on a two-year ticking clock, the glacial pace of litigation might do more to protect the possibility of a functioning government than anything else.Finally, although DOGE has department in its name, only Congress can create the familiar executive departments whose Cabinet-level heads are appointed by the president and confirmed by the Senate. (The head of one of several existing government entities that already does this sort of work, the Office of Management and Budget, is a Cabinet-level position already.) And over the last few days, there are reports that Musk, who was useful to Trump before the election but not necessarily now that it is over, is wearing out his welcome at Mar-a-Lago: According to NBC News, Musk has been taking lots of credit for Trumps win and behaving as if hes a co-president, which has generally been a bad idea in the orbit of a notoriously paranoid narcissist who despises insubordination and loves firing people.Thus, there exists a very real possibility that for Trump, a position as the head of a made-up department is less a serious job than an officious-sounding vanity title designed to keep Musk both busy and quiet. If and when Musk and Ramaswamy come up with recommendations, nothing prevents the White House from thanking them for their hard work and then putting the binder directly into the nearest recycle bin. In context, DOGE might simply be the politics equivalent of shopping carts equipped with plastic toy steering wheels, which keep my kids occupied at Home Depot for a few minutes while I try to find the right hex head drill bit.If, however, the White House intends to take any aspect of Musk and Ramaswamys work seriously, DOGE could be as disastrous for the country as it is beneficial for Elon Musks net worth. If you thought that mass firings at Twitter made the platform an incoherent mess, just wait until whats getting plunged into chaos is, say, the agency responsible for designating maximum contaminant levels in drinking water.DOGE could, for example, put Musk in a position of authority over employees at the National Highway Traffic Safety Administration (NHTSA), which recently opened an investigation into Tesla after a series of serious autopilot-related accidents. It could empower him to meddle with the work of the Securities and Exchange Commission (SEC), which is in the midst of a contentious probe of Musks compliance with disclosure rules related to his takeover of Twitter. He could throw sand in the gears at the Environmental Protection Agency (EPA), which has fined several of his businesses for violations of air- and water-pollution regulations; at the Fish and Wildlife Service, which is trying to get SpaceX to stop incinerating the habitats of threatened birds in Texas; and at the Federal Aviation Administration (FAA), which has proposed to fine SpaceX for failing to comply with basic safety-permitting requirements. Perhaps most importantly for Musk, DOGE could allow him to ensure that the roughly $3 billion in business the federal government does with Musk-owned companies each year is both safe, and going forward, just a starting point.Already, Musk is involved in ambitious legal challenges to the very existence of the National Labor Relations Board (NLRB), which protects the right of workers to unionize. Tesla is the only major U.S. automaker without a union, and the NLRB has previously accused the company of illegally interfering with its employees organizing efforts. Depending on how much power Musk gets at DOGE, he might be able to neutralize this ongoing threat to his bottom line all by himself.Earlier this week, Musk floated the prospect of DOGE operating as a sort of quasi-game show, which would post insanely dumb expenditures of taxpayer dollars for the world to see; the projects findings, he promised, would be extremely tragic and extremely entertaining. But Musk does not care about building a better or more efficient government. Nor does he care about the environment, as he reportedly supports the Trump administrations proposal to kill electric vehicle tax credits because it would hurt Teslas competitors more than Tesla. He cares only about building a state that he can exploit, plunder, or ignore as he sees fit. A position of power in an administration he feels he paid for is a fine place to start.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMChatGPT vs. Google: Which is more helpful forcreativity?Think back to a time when you needed a quick answer, maybe for a recipe or a DIY project. A few years ago, most peoples first instinct was to Google it. Today, however, many people are more likely to reach for ChatGPT, OpenAIs conversational artificial intelligence tool, which is changing the way people look for information.Rather than simply providing lists of websites, ChatGPT gives more direct, conversational responses. But can ChatGPT do more than just answer straightforward questions? Can it actually help people be more creative?I study new technologies and consumer interaction with social media. My colleague Byung Lee and I set out to explore this question: Can ChatGPT genuinely assist people in creatively solving problems, and does it perform better at this than traditional search engines like Google?Across a series of experiments in a study published in the journal Nature Human Behaviour, we found that ChatGPT does boost creativity, especially in everyday, practical tasks. Heres what we learned about how this technology is changing the way people solve problems, brainstorm ideas and think creatively.ChatGPT and creative tasksImagine youre searching for a creative gift idea for a teenage niece. Previously, you might have googled creative gifts for teens and then browsed articles until something clicked. Now, if you ask ChatGPT, it generates a direct response based on its analysis of patterns across the web. It might suggest a custom DIY project or a unique experience, crafting the idea in real time.To explore whether ChatGPT surpasses Google in creative thinking tasks, we conducted five experiments where participants tackled various creative tasks. For example, we randomly assigned participants to either use ChatGPT for assistance, use Google search, or generate ideas on their own. Once the ideas were collected, external judges, unaware of the participants assigned conditions, rated each idea for creativity. We averaged the judges scores to provide an overall creativity rating.One task involved brainstorming ways to repurpose everyday items, such as turning an old tennis racket and a garden hose into something new. Another asked participants to design an innovative dining table. The goal was to test whether ChatGPT could help people come up with more creative solutions compared with using a web search engine or just their own imagination.The results were clear: Judges rated ideas generated with ChatGPTs assistance as more creative than those generated with Google searches or without any assistance. Interestingly, ideas generated with ChatGPTeven without any human modificationscored higher in creativity than those generated with Google.One notable finding was ChatGPTs ability to generate incrementally creative ideas: those that improve or build on what already exists. While truly radical ideas might still be challenging for AI, ChatGPT excelled at suggesting practical yet innovative approaches. In the toy-design experiment, for example, participants using ChatGPT came up with imaginative designs, such as turning a leftover fan and a paper bag into a wind-powered craft.Limits of AI creativityChatGPTs strength lies in its ability to combine unrelated concepts into a cohesive response. Unlike Google, which requires users to sift through links and piece together information, ChatGPT offers an integrated answer that helps users articulate and refine ideas in a polished format. This makes ChatGPT promising as a creativity tool, especially for tasks that connect disparate ideas or generate new concepts.Its important to note, however, that ChatGPT doesnt generate truly novel ideas. It recognizes and combines linguistic patterns from its training data, subsequently generating outputs with the most probable sequences based on its training. If youre looking for a way to make an existing idea better or adapt it in a new way, ChatGPT can be a helpful resource. For something groundbreaking, though, human ingenuity and imagination are still essential.Additionally, while ChatGPT can generate creative suggestions, these arent always practical or scalable without expert input. Steps such as screening, feasibility checks, fact-checking and market validation require human expertise. Given that ChatGPTs responses may reflect biases in its training data, people should exercise caution in sensitive contexts such as those involving race or gender.We also tested whether ChatGPT could assist with tasks often seen as requiring empathy, such as repurposing items cherished by a loved one. Surprisingly, ChatGPT enhanced creativity even in these scenarios, generating ideas that users found relevant and thoughtful. This result challenges the belief that AI cannot assist with emotionally driven tasks.Future of AI and creativityAs ChatGPT and similar AI tools become more accessible, they open up new possibilities for creative tasks. Whether in the workplace or at home, AI could assist in brainstorming, problem-solving and enhancing creative projects. However, our research also points to the need for caution: While ChatGPT can augment human creativity, it doesnt replace the unique human capacity for truly radical, out-of-the-box thinking.This shift from Googling to asking ChatGPT represents more than just a new way to access information. It marks a transformation in how people collaborate with technology to think, create and innovate.Jaeyeon Chung is an assistant professor of business at Rice University.This article is republished from The Conversation under a Creative Commons license. Read the original article.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMMen: Its time to disrupt bro code and shut down misogynyYour body, my choice. Get back to the kitchen.Sexist and abusive posts directed at women have surged across social media since the election. At this point, I dont care who you voted for. If you identify as a man, now is the time for you to step up.Confrontation of other men for misogynistic, harassing, and sexist behavior may be the hardest part of allyship. Going against your genders long-standing bro code to promote an equitable and inclusive workplace is where the cost of allyship quickly gets real. David Smith and I call this putting some skin in the game when it comes to showing up as an ally. And were not letting you off the hook for not shutting this nonsense down hard when you hear it or see it.Not sure what to say or do? In brief, the next time you hear or read, Your body, my choice or any other abusive, harassing comment directed at women, say:Not funny.We dont do that here.Youve just expressed hate speech, and I intend to hold you accountable.I find that offense, and I dont ever want to hear that again.Holding other men accountable for sexist and harassing words and other bro-code behavior is often less about precise wording and more about the in-group identity of the speaker, as I stated in a previous article I cowrote with David Smith.A confrontation intended to change attitudes and behavior has more impact when it comes from someone perceived to be similarin this case, another man who can claim, Thats not who we [men] are and Thats not what we [guys] do.We noted that men quite often fear theyre the only guy in the room who objects to a sexist comment or raunchy joke (though evidence shows lots of men are offended), so they stay silent when they could break the spell and enable other male allies to find their voice if only theyd speak up.While the prospect of speaking up against transgressions can feel overwhelming, there are steps you can take to make it easier.Employ the two-second ruleIf the above call-outs dont come to mind quickly, simply say Ouch! clearly and forcefully. This buys you a few extra seconds to formulate a clear statement about why the comment didnt land well with you.Share your storySharing authentically how bias or sexism was harmful to someone close to you can cause other men to do a double take, seeing their own behavior through a new lens.Confront with careA group of real allies can turn confrontation into a caring conversation. You dont have to take the conversation to DEFCON 5, but you do have to make him understand how his behavior is hurting others, sabotaging his credibility, and why you care. Then, when he shows some gender awareness or an inclusive mindset, be sure to follow up with some positive reinforcement.Confrontation demands that we overcome self-doubt, marshal courage, and vanquish anxiety about having our masculinity called into question. Trust us, when one male in the room calls this stuff out, other good (but silent) men often become unglued and join the cause.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMIf AGI arrives during Trumps next term, none of the other stuff mattersMore than 33,000 peopleincluding a hall of fame of AI expertssigned a March 2023 open letter calling on the tech industry to pause development of AI models more powerful than OpenAIs GPT-4 for six months rather than continue the rush toward Artificial General Intelligence, or AGI. Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable, stated the letter, which was spearheaded by an organization called Future of Life Institute.Spoiler: The industry didnt heed the letters call. But it did generate tremendous publicity for the case that AGI could spiral out of human control unless safeguards were in place before they were actually needed. And it was only one of many initiatives from the decade-old institute designed to cultivate a conversation around AIs risks and the best ways to steer the technology in a responsible direction.[Photo: courtesy of Web Summit]At the Web Summit conference in Lisbon, I caught up with Future of Life cofounder and president Max Tegmark, an MIT professor whose day job involves researching AI for physics and physics for AI. We spoke about topics such as the open letters impact, why he thinks AI regulation is essential (and not that difficult to figure out), and the possibility that AGI will become real during Donald Trumps upcoming presidential termand how Elon Musk, who is an FLI advisor, might help the administration deal with that possibility in a constructive manner.This interview has been edited for clarity and length.Is the work youre doing accomplishing what you hope it will, even if the AI industry doesnt pause for six months?My goal with spearheading that pause letter was not that I thought that there was going to be a pause. Of course, Im not that naive. The goal was to mainstream the conversation and make it socially safe for people to voice their concerns. I actually feel thats been a massive success.It certainly got a lot of attention.A lot of stakeholders who didnt say much about this have now started speaking about it. I felt there was just a lot of pent-up anxiety people had all across society. Many felt afraid of looking stupid by talking about this, or afraid of being branded as some kind of Luddite scare monsters. And then when they saw that here are all these leaders in the field also expressing concerns, it became socially validated to anyone else who also wanted to talk about it. And it brought into the open the possibility of having that other extinction letter, and then that, in turn, I think, very directly led to there being hearings in the Senate and the international AI summits, the AI safety institutes starting to exist, and stuff like that, which are all very welcome.Ive been feeling kind of like Lone Wolf McQuaid for the past 10 years, where was really no uptake among power makers. And thats completely changed.I was impressed by the fact that people within large organizations were willing to be attached to your letter even if their bosses were not.But the extinction letter in May of 2023 was actually signed by all the bosses. I viewed it a little bit as a cry for help from some of those leaders, because its impossible for any company to unilaterally pause. Theyre just going get crushed by the competition. The only good outcome is that there are safety standards put in place that level the playing field for everyone.Like if there were no FDA, no pharma company could just unilaterally pause releasing drugs. But if theres an FDA and nobody can release the new drugs until theyve gone through FDA approval, theres an automatic pause on all unsafe drugs. And it really changes the incentive structure in a big way within the industry, because now theyll start investing a lot of money in clinical trials and research and theyll get much safer products as a result.We have that model in basically every industry in America. We have it not just for drugs, we have it for cars, we have it for airplanes, we even have it for sandwich shops. We have to go get the municipal health inspector to check that you dont have too many rats in the kitchen. And AI is completely anomalous as an industry. Theres absolutely no meaningful safety standards. Sam Altman, if his own prediction comes true and he gets AGI soon, hes legally allowed to just to release it to see what happens.How clear an understanding do you have of what the regulations should be, especially given that AI is moving faster than sandwich shop safety or even drugs?I think thats actually pretty easy. The harder thing is just having the institutional framework to enforce whatever standards there are. You bring together all the key stakeholders and you start with a low bar, and then gradually you can raise it a bit.Like with cars, for example, we didnt start by requiring airbags or anti-lock brakes. We started with seat belts and then some people started putting up some traffic lights and some speed limits. It was really basic stuff and then kind of went from there. But already, when the seatbelt law came in, it had a transformative impact on the industry because deaths went down so dramatically that they started selling way more cars.And I think with AI, its kind of the same. Theres some very basic stuff thats pretty uncontroversial that you would have in the standards. AI, your products cannot teach terrorists how to make bioweapons. Whos going to be against that? Or to demonstrate that this is not some sort of recursively self-improving system that you can lose control over.But even if you just start with that, it would automatically pause AGI from being released. And we would see then, I think, a re-shifting of focus to all sorts of wonderful tools: AI curing diseases, solving more suffering, you name it, where it clearly meets those standards. Im very optimistic about so much of whats being discussed here at Web Summit, how much benefit it can have. And the angst is coming mainly just from the loss of control stuff because the timelines have become so short. So if you can just make sure that AGI gets the equivalent of its clinical trial, therell be a refocusing on all the good stuff.To be best of your ability, can you guess ahead to whether the new administration is going to have any effect on this?I think it depends on the extent to which Donald Trump will listen to Elon Musk. On one hand, you have a lot of folks who are very anti-regulation trying to persuade Trump to repeal even Bidens executive order, even though that was very weak sauce. And then on the other hand, you have Elon, whos been pro AI regulation for over a decade and came out again for the California regulation, SB 10 47. This is all going to really come down to chemistry and then relative influence.In my opinion, this issue is the most important issue of all for the Trump administration, because I think AGI is likely to actually be built during the Trump administration. So during this administration, this is all going to get decided: whether we drive off that cliff or whether AI turns out to be the best thing that ever happened.If we lose control of AGI, frankly, none of the other stuff matters. The extinction letter that was signed, people werent joking when they talked about human extinction. They were very serious about it. And I have opinions about all the other politics, and you of course do also, but we can leave that all out of this. None of the other political issues where Trump and Kamala Harris differed are relevant if were extinct. or even if were not extinct, but weve lost control to some new self-improving robot species.Of course, everyones trying to persuade Trump to go this direction or that direction or whatever. But if Trump ends up pushing for AI safety standards, I think Elons influence would probably be a key reason.I call it digital neuroscienceWhat else is cooking in terms of recent developments that impact your work?I still have two hats. My day job is just working as a nerd at MIT doing AI research for my group for many years. But were focusing very much on technical stuff related to AI control and trust. The software on your laptop is mostly written by [humans], so we know how it works. With Large Language Models, weve gotten accustomed to the fact that we have no clue how they work. And of course, no one in OpenAI knows how they work either.But actually there is some really encouraging news where were beginning to understand a lot more how they work. I call it digital neuroscience, just like you can take your brain thats doing all sorts of smart stuff and try to figure out how it works. And we still dont understand how your brain works, but theres some aspects of it we almost completely understand now, like your visual system.With artificial neuroscience, the progress has been vastly faster. I organized the largest conference on this to date about a year and a half ago at MIT. And since then, the field has really exploded. The reason its going so much faster than normal neuroscience is because in normal neuroscience, you have a hundred billion neurons and youre hard-pressed to measure more than a thousand at a time. And theres noise and you have to go to the IRB for ethics approval before you stick electrodes in peoples brains.Whereas when its a digital intelligence, you can measure every single neuron all the time, and you can measure the synapses, and theres no ethics board. Its the scientists dream for understanding the system, and progress is so fast. So now were mapping out how all the different concepts are stored in the AI, and starting to figure out how it does certain interesting tasks.It can be useful to assess a little bit how much you should trust the AI. It can also be used to assess what the AI actually knows and thinks. We wrote a paper, for example, where we were able to build a lie detector: We could see what the AI thought believed was true and false, and then we could compare that with what it claimed was true and false to see if it was lying or telling the truth. So these are baby steps, but theres a growing community here making progress really, really fast. We should not be so pessimistic and think that were always going to have to remain clueless of how these things work.And if we do really understand them, does that make them a lot easier to control than they are currently?It depends on what you want to control, but if you have a safety standard that says you have to demonstrate that it can never teach a terrorist how to build a bioweapon, well, an easy way to do that is just determine whether it knows anything about biology. And if it does, you delete that until you have a model thats perfectly conversant about Shakespeare and airplanes and everything else, but it just doesnt know anything about biology, so theres no way thats going to help make a bioweapon.There are scenarios where knowing about biology might be a great thing.Of course, but then maybe those will take a little longer to get FDA licensed. But you can see where Im going with this and, and maybe you can determine that the biology is fine, but theres certain aspects you dont want to know. I mean, this is how you do it in an organization. If youre the head of the CIA, and there are certain kinds of knowledge that you really want to protect, you dont put it in the head of every employee. The best way you can guarantee that someone isnt going to leak the information is if they dont know it. And in the same way, theres no reason why every LLM has to know everything. Its much safer if you have machines that only know the stuff that youre okay with everybody knowing and being used generically.And then, if, if youre selling something to Dana-Farber for cancer research or whatever, maybe they can have one that knows a lot more biology. But you probably dont need it for your work, right? I certainly dont need it for my work.Weve got to stop coddling the AI industryDo you plan to do more open letters? Are there other things that you want to provoke conversations about?I think what we really need urgently is just national safety standards for AI. Weve got to stop coddling the AI industry and just treat them like all other industries. It would be absurd if someone said we should close the FDA and the biotech companies not have safety standards. AI is kind of the odd one out there. For some reason they can do whatever they want, but its the new kid on the block. As soon as we get that, the rest will take care of itself. Because then people start innovating to meet those standards.Weve seen the EU in some cases have a big impact even on American tech companies.I think the EU Act is pretty weak, but its definitely a good step in the right direction. Theres a lot of technical work being done now about how to implement all these things in practice, which can then easily be copied by other jurisdictions like the U.S. if they want to.I also thought it was kind of cool how it just called the bluff on some of the companies that said that they were gonna leave the EU if this passed. Theyre still here, So when they say now that, Oh, were going have to leave the U.S. if the U.S. put some standards in place, the American legislators will know that this is bluster, I cant blame the companies for doing that, because tobacco companies did the same. And the companies always instinctively try to push back against regulation. But every successful regulation or safety standard in the past I can think of is always met with claims that the sky was falling.Although there are all these cases of people in the AI industry saying that they want legislation to play a role.I dont want to judge anyone in particular, but I do find it kind of comical how some people said, Oh, please regulate us. And then when someone proposes regulation like the EU Act or SB 10 47 theyre like, Oh, but not like that. So, yeah, I think these decisions need to be made democratically. Listen to the companies, but they shouldnt have a seat at the table when its decided.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMHow sleep tourism became a booming business for hotelsSet on a serene campus featuring adobe walls and eucalyptus trees, Canyon Ranch Tucson offers a unique travel experience. This Arizona property is credited with creating the wellness resort concept. But one of its latest trendy offerings isnt focused on the top-notch spa, excellent cuisine, or hiking trails that tend to get raves from well-heeled travelers.Rather, its a multiday immersion trip focused on the experience of, well, doing nothing at all. The Mastering Sleep Retreat, which started in 2022, offers guests the chance to attend lectures about how supplements and exercise impact their rest; get sleep assessments and overnight monitoring from board-certified physicians, registered nurses, and dietitians; and learn science-backed strategies to overcome stress and strain and get on a better sleep cycle at home.[Photo: Canyon Ranch]The experience is one example of the current boom in sleep tourism, which has been fully embraced by luxury boutiques and industry giants including Hilton and Marriott. Overlapping with the ever-expanding wellness industry, sleep tourism is a $640 billion global market that may top $1 billion by 2028, according to HTF Market Intelligence estimates.Park Hyatt properties offer sleep suites furnished with Bryte smart beds, whose AI-powered mattresses purport to unlock restorative sleep. At Kamalaya Koh Samui resort in Thailand, guests can indulge in traditional Chinese medicine as well as IV therapy and hyperbaric oxygen and ozone treatments. Even mattress maker Hstens opened up a Sleep Spa hotel in Portugal in 2021.Guests can get sleep analysis from medical professionals; AI-enhanced, technologically sophisticated beds that provide better sleep; pillow menus; and special diets and services to restore the bodys rhythms and guarantee an exemplary rest. Sleep meditations, sleep trackers, and sleep playlists can be found at discerning hotels across the world.Sleep is just one piece of the puzzle, says Chekitan Dev, a distinguished professor at Cornell Universitys School of Hotel Administration. Sleep well goes with eat well, exercise well, play well, work well, and love wellall potential parts of a hotel stay.[Photo: Hilton]Sleeps big momentSleepboth our cultures obsession with it, and the clinical drive to better understand our nocturnal liveshas been a current fascination. When Rebecca Robbins, a Harvard professor and sleep researcher, started studying the topic in 2009, she says it was far from a sexy field; her mentors openly questioned her decision to devote her career to our non-waking hours. Now she works as an adviser and consultant to the Hilton hotel chain, just one of the myriad hospitality giants seeking to cash in on our fitful existence (and find another selling point to stand apart from short-term rental options).Wellness is an integral part of everything, and its just almost common sense for these hotels in these hospitality groups to do this, says Anthony Vennare, cofounder of Fitt Insider, a wellness industry newsletter. I look at it almost like a negative check. Why arent they doing these things?Mental health, diet, fitness, social media, and hustle culture have all contributed to Americas national sleep deficit; only a third of us get enough rest each night. But the true shift that sent sleep studiesand sleep tourisminto overdrive was the COVID-19 pandemic, Robbins says.During the first few weeks of the pandemic, despite the stress of the moment, most people stayed home and experienced extra sleep (studies estimate about 25 minutes on average). Robbins called this a global controlled experiment to showcase the value of more rest. Along with the enhanced wellness focus that came out of the pandemic, this awakening helped cement a larger cultural interest in more and better rest.The response has been a rise in what Fitt Insider calls more investment and spending on the sleep stack: wearables, bedding, apps, therapeutics, and other tools to get better rest. And, of course, a larger market for sleep tourism.[Photo: Hilton]Sleep is the new wellness retreatSleep has been a pretty big focus of the hotel industry since its inception. Even recent history has shown the value of making better rest a selling point: Consider the Westin hotel chains Heavenly Bed campaign of the late 90s, which sold the idea of a better nights rest with a more relaxing mattress. And for decades, one subset of hotel customers made a better nights rest a dealbreaker, according to Dev. Airline crews would sign lodging contracts guaranteeing higher floors, extra-dark blinds, special protocols for housekeeping and room service, and white noise machines.But that pales in comparison to the breadth and depth of sleep-related offerings on tap for todays guests.Mark Kovacs, VP of health and performance for Canyon Ranch resorts, says the types of treatments and techniques he used training elite athletes are now filtering down to the population at large. A five-night sleep retreat at the chains Lenox, Massachusetts, location earlier this year cost $8,800 per person.We see the value in people feeling good when they leave, versus needing a vacation once they finish their trip, he says, noting that hes increasingly seeing younger consumers, aware of the benefits of better sleep, invest in these kinds of experiences.[Photo: Canyon Ranch]Harvards Robbins says the sleep tourism concept really took hold over the last few years. And hotels see dollar signs, especially as a means of differentiating high-end experiences and resorts, and keeping high-earning frequent travelers coming back. A 2019 JD Power survey found that guests who experience better-than-expected sleep said theydefinitely will return to a hotel property.Robbins did a study with 600 travelers, asking them to rate their travel experience, and only a third said they were satisfied with their sleep; she sees that as a compelling opportunity for hotels seeking to improve guest satisfaction. As technology improves, and more wearables provide more direct feedback on better sleep, Kovacs believes the data will drive more sleep tourism spending.Robbins sees opportunities to take better care of all travelers who want more sleepadding after-hours massage services, for exampleand to cater more elaborate offerings for those traveling specifically to have a sleep/relaxation retreat. A Hilton property in Hawaii, Grand Wailea (the setting for the first season of White Lotus) offers wellness rooms with various sleep-optimizing amenities, including sleep-inducing meals, specialized jet-lag-reducing spa treatments, and lectures on the science of restfulness, for just over $1,000 a night, roughly $300 more than standard rooms.There has been pushback on the idea that all of these amenities actually do help with sleep, or that a temporary retreat, no matter how well-intentioned, can truly lead to a lifetime of better sleeping habits. Vennare believes that the sleep category will have its share of gimmicks and nonsense products, but with consumers becoming more aware of the benefits of sleep, with more money to spend on wellness, the offerings are not likely to go away.Robbins and others argue that amenities and services grounded in clinical data and research can help. For instance, a sleep retreat isnt going to help someone with medical issues such as insomnia or sleep apnea. But a thoughtful program that trains someone to recognize bad habits, establish a better routine, and recharge for a few days can make a positive difference.Some of this has been critiqued as analogous to greenwashing, Robbins says. Oh, you know, throw on a pillow menu, and you can get some nice press or whatever. But I think some hotels are doing it really, really well.And in the meantime, there seems to be no stopping the industrys growth.It will become standard practice that hotels invest in the consumers well-being, from sleep and comfort and a considered wellness perspective, Vennare says. There is zero chance that sleep does not continue to become a bigger focus for the consumer as a whole, when they travel, what they do, and the lifestyles they build.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMWhy you need a digital estate plan and how to create oneChances are good youve never considered the need for a digital estate plan. But youve definitely experienced the aggravation of forgetting a password to a rarely used site, as well as the answer to the security questions, as well as the password to the disused email account connected with the site.The circular frustration of not being able to get into your own account is one of the hallmarks of the digital age. But we often dont think about the unpleasant corollary: How will your loved ones access your online accounts and assets if they dont have your login credentials and youre not there to answer the security question about the first concert you attended? (It was Milli Vanilli, and youll carry that secret to your grave.)We live online these days, which means an estate plan needs to cover more than just tangible assets. Heres how you can create a digital estate plan that will ensure your loved ones can access your online assets.What are your digital assets?Its helpful to start with an inventory of any assets, records, or files you own that are stored online, on the cloud, on a mobile device, or on your personal computer. These might include any or all of the following types of assets:Email accounts: Make sure you list them all, including the Yahoo email address you only use to sign up for discounts.Social media accounts: While you may care more about your LinkedIn account than the Instagram profile you rarely use, it will be helpful for your loved ones to know about all of them.Online banking accounts: Would anyone know you have an online-only savings account if your statements are emailed to you?Loyalty program benefits: These may include credit card miles and points, and they may or may not be transferable, depending on the loyalty program.Cryptocurrency wallet: If your family does not have the key to your crypto wallet, any cryptocurrency or NFTs you own will be lost forever.Domain names, blogs, or websites you maintain: Your family may wish to sell these assets.Photos, videos, or other data stored on the cloud: Without access to the cloud, your family may lose these important files.List your digital liabilities tooWhile your digital assets may be part of what you want to leave to your family, you will also need to account for any digital liabilities you may have. These might include:Credit card and payment accounts: This may include access to your Apple Pay or Paypal account.Dating or gaming accounts: Though you may not want anyone to know who you connected with or what games you played, your heirs will need to know which accounts you have so they can cancel payments to them.Online subscriptions: Canceling your Stitch Fix or Hulu subscription will be much easier if your family knows about the accounts.Retail sites: This includes things like Amazon and eBay.Online utility accounts: Trying to figure out who provides your internet service, cellphone service, and electricity could be a major headache for your loved ones.Know the obstacles to accessHaving a full inventory of your digital assets and liabilities is an excellent start, but just knowing what you have will not necessarily be enough for your family to access your accounts. There are two main obstacles your heirs will encounter when trying to access your digital accounts:Password protectionThe passwords that keep fraudsters from wreaking havoc on your accounts can also keep your family from accessing your digital life after you die. Password protection can keep your heirs out of everything from your laptop and cellphone to your crypto wallet.Setting up a password manager can help provide access to your familyin some cases. With a password manager, your heirs will only need a single password to access your accounts, and the manager stays current with your passwords even if you change them.Just remember that having your login credentials may not be enough for your family to access all of your accounts, since some may require you to use the services own tools gain access after your death. You will need to find out the necessary procedure for every account you want to pass on to your heirs.Criminal and data privacy lawsUnfortunately, not all sites allow heirs to access your account on your behalf just because they have the password. Both criminal laws and data privacy laws can limit access to your digital assets unless you have given express permission for your heirs to gain access to your accounts after your death.The law is attempting to catch up to the new landscape of digital assets. The Revised Uniform Fiduciary Access to Digital Assets Act (RUFADAA) provides estate executors and fiduciary agents with a way to legally manage accounts even if digital assets are not included in an estate plan. However, this law has not passed in every state.How to grant posthumous accessTo make certain that your heirs have access to your digital life, you will need to specifically grant permission in your will or power of attorney document. However, just giving permission in your general estate plan doesnt ensure access because they will be relying on RUFADAA. The law will grant your executor only the narrowest level of accessand they will likely need to provide a number of documents to each company to receive that access.This is why you should write a letter outlining your digital assets that is separate from your will (since anything included in your will becomes a public document).The letter does not need to be written by an attorney or notarized. It simply needs to provide specific instructions to your executor about which assets you have, how you want them handled, and how to gain access to them. This is where you will list any password information as well as handover processes required by specific service providers.Put the letter in a secure spot, along with your will and power of attorney, so that it wont fall into the wrong hands but your executor can easily find it.Inheritance in the digital ageEstate planning is already a complicated processand adding digital assets and liabilities just increases the complexity.To make closing up your digital estate easier on your family, start with an inventory of your online assets and liabilities. That will help you determine what your loved ones will need to get into your accounts, whether it is just login credentials or a specific process required by the online service.You will also need to grant express permission for your executor to access your accounts in your will and provide them with a letter outlining how to gain access.Digital estate planning may take time and effort, but providing clear guidance for your online assets is far better than making your loved ones try to remember if your first pets name was Mokey, Mokie, or Moky.0 Commentarios 0 Acciones 15 Views
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WWW.FASTCOMPANY.COMWill more women run for office now that Donald Trump won? This group says yesAs women worry about what will happen to their reproductive rights in the wake of Donald Trumps imminent return to the White House, more are looking to get involved in politics.She Should Run, a nonprofit working to increase the number of women running for office, reported a 743% increase in women looking to get involved or run for office post-election.As of September, over half of women felt less engaged in politics than they were five years ago, and 78% hadnt considered running, said Erin Loos Cutraro, founder and CEO of She Should Run. Today, its clear that womens representation could face a decline as a result of this election. ... To build the future we envision, one that is truly equitable, we need more women to recognize that, even as we make important gains, were in very fragile times for womens representation in policymakingand the only way to change course is for them to step up, step in, and see themselves as the political leaders of tomorrow.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMWhy financial interdependence is popular in America todayAbout 1 in 5 American adults regularly provide unpaid care or financial assistance to their adult relatives or friends. And about 1 in 7 young adults between the ages of 25 and 34 live with their parents.But the true extent of support among Americans is deeper and broader.From parents covering the cost of unexpected car repairs to colleagues raising funds for their co-workers medical expenses, Americans help each other in countless ways.As a social work scholar who researches these patterns of what I call financial interdependence, I often observe transactions that challenge a common American narrative that most people in this country are handling their expenses on their own.A long-standing traditionThe practice of sharing money with your friends and loved ones has deep roots in American society. Many Native American communities have traditions of sharing food and other resources with one another.In the 19th century, mutual aid societies formed everywhere from Philadelphia to Florida. Many of them helped free Black people weather economic hardships. These organizations provided everything from unemployment assistance to burial expenses.Todays informal support networks echo these historical patterns.In particular, many immigrant communities maintain traditional practices of collectively saving and lending money. Mexican American families often participate in tandas, which pool their savings to achieve financial goals or meet urgent needs. Similarly, West African and Caribbean communities in the U.S. organize susu groups, while many Chinese American communities form hui associations.Local hometown associations additionally often offer both financial and social support to their membersaiding immigrant communities in the U.S. and people back in their homelands.Everyone does itThese mutual support arrangements are very widespread and operate across all income levels, though they take different forms. They can be secular or religious. The true extent of this kind of activity is generally unknown.Lower-income families often engage in frequent, smaller exchanges. They might share grocery costs, for example, or relatives may help one another out with the payment of large, unexpected bills.Wealthier Americans tend to give larger amounts of money to extended family members, but less often. These might include a parents help with a down payment on a young adults first house or paying a portion of the cost of a grandchilds college education.Some families establish formal structures such as financial trusts or 529 educational savings accounts to make these transfers easier to complete and track. The number of people using 529 accounts has been increasing steadily, as states offer matching funds and tax incentives.The nature of this financial support often reflects economic needs and cultural values. In many East Asian American communities, for example, adult children routinely provide financial support to their parentsas a cultural expectation.Regardless of the community involved, technology has transformed how people share money with their friends and family.Mobile payment platforms make it easier to split costs and send quick assistance. Money-transfer apps have normalized small-scale financial sharing among friends and family.Online and social media platforms are used to gather resources for medical expenses, funerals or emergency needs. These tools extend traditional support networks beyond geographic boundaries.Other kinds of supportFinancial assistance can extend far beyond direct monetary help.Families and communities might purchase bulk grocery items together to save money, or live together to manage rising housing costs. Some parents create informal child care cooperatives, while others coordinate care responsibilities for aging relatives with their extended families.Financial education often emphasizes individual savings and budgeting. Yet, many Americans practice financial interdependence by managing their finances and making decisions in collaboration with others.Addressing challengesTo meet todays economic challenges, Americans are finding creative solutions through shared resources.Young adults increasingly need more help to become homeowners than what they can get from a bank. The median home price has far outpaced wage growth, making family assistance crucial for many first-time buyers.College costs have stabilized, albeit at high levels, leading more families to pool resources for educational support. This often creates long-term financial obligations across generations.Medical expenses remain a leading cause of financial strain, pushing families to rely on each other to pay for health-related costs.These support systems work at many levels, including family, community, the workplace and in government.Some employers now offer emergency loan programs and matching funds for employee hardship. Some businesses create formal peer support systems for employees facing financial challenges.A few states are also supporting family caregivers by providing tax credits to reimburse their out-of-pocket expenses.Recognizing the financial burden of caregiving, Michigan Gov. Gretchen Whitmer has proposed a tax credit to support dependent respite services, nursing and transportation.Some complicationsWhile financial interdependence provides crucial assistance, it can also create challenges.Financial responsibilities can strain family and friendship bonds. The provision of too much financial help can create or reinforce power imbalances within relationships. Some communities may not have enough money to be able to equally and effectively assist all members.Clear communication and healthy boundaries can help manage these tensions.As economic pressures mount for many American families, these informal financial support networks are growing more vital. Studies show that rising costs make financial stability increasingly difficult to achieve on your own.Jeffrey Anvari-Clark is an assistant professor of social work at the University of North Dakota.This article is republished from The Conversation under a Creative Commons license. Read the original article.0 Commentarios 0 Acciones 17 Views
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WWW.FASTCOMPANY.COMTheyre the most pissed-off people on the planet: The internet is falling in love with the drama on the Crumbl Cookies subredditAllow me to introduce you to my new favorite place on the internet: the Crumbl Cookies subreddit.The fan-run subreddit r/CrumblCookies, which boasts 77,000 members, recently went viral after a user on X posted about how much everyone on there seems to actually hate Crumbl Cookies. Theyre the most pissed-off people on the planet, the X user adds.Latest obsession is the crumbl cookies subreddit. Everyone on there HATES the cookies, but they still them all every week. They're the most pissed off people on the planet. pic.twitter.com/IkbOk2JFqa Pepsi Starry Brand Partner (@StarryBrand) November 12, 2024 A quick scroll down the page includes detailed reviews of the different rotating weekly menu items, hidden behind spoiler warnings, customers vote pairing for different store locations Customer Pick Days, and offering up their top 10 cookie rankings for judgment. The one thing they have in common? They all take their cookies seriously.One fan went to the lengths of buying extra of their favorite flavor to freezethe Brownie Sundae, in case you were wonderingto defrost five months later and post a side-by-side comparison to the rereleased version. Spoiler alert: no comparison, Crumbl has once again done us dirty, declared the unhappy customer. The new cookie they describe is a flat, overcooked, dry husky of a cookie. The only flavor, they describe, is burnt, compared to the deep chocolate of the OG which tastes like a brownie (and not cardboard).New Brownie Sundae vs the OG byu/WyntersVix inCrumblCookiesOthers have taken umbrage over the recent pie offerings. Has Crumbl lost there fucking minds? An entire week of only pies, one Redditor posted in an angry rant last month. They could done one or two. All 6 options are pies. this is ridiculous.ARE YOU FUCKING KIDDING ME? byu/Manny2theMaxxx inCrumblCookiesIf those posting on the subreddit are so critical of the dessert chain, what keeps them coming back for more? Is this some sort of gambling addiction type of thing? one non-American Reddit user asks on the subreddit. Loyal fans were quick to jump to Crumbls defense. They are a very specific cookie experience, one replied. I dont just enjoy them, I love them, added another.It seems customers arent the only ones lurking on the subreddit. I worked for Crumbls corporate team and I am not joking when I tell you they had to basically take away the CEOs phone because he was addicted to doomscrolling this subreddit. He almost fired an entire department because someone leaked a cookie lineup, one user commented under the initial post on X. He was assigned a PR assistant to handle his socials because the redditors found his burner account, they added. Also because he wouldnt stop posting combative TikToks.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMRFK Jr.s most controversial and scientifically inaccurate claims, from autism to raw milkRobert F. Kennedy Jr., President-elect Donald Trumps pick to head the Department of Health and Human Services, is ringing alarm bells and prompting sharp criticism from Democrats who are calling him everything from dangerous, unqualified, and unserious to f*****g insane.Critics say the 70-year-old environmental lawyer and former presidential candidate, who has been accused of making numerous false and misleading claims about health and science, should be disqualified from the top health post. Thats because the secretary of HHS oversees a number of agencies that regulate much of what hes been railing against or ranting about, including vaccines, medical drugs, the health system, and our nations food.RFK Jr. also has no medical degree, which breaks with long-standing tradition for the health secretary post. The nomination is just the latest in a long line of controversial picks by Trump for his incoming administration.RFK Jr., the son of formerU.S. Attorney Generaland SenatorRobert F. Kennedy and a member of the prominent Kennedy family, ran against Trump as an independent candidate in the 2024 presidential election, and ended up endorsing Trump after dropping out of the race. The rest of the Kennedy family, longtime Democrats, have been quick to denounce RFK Jr.s alliance with Trump, calling it a betrayal and distancing themselves from both politicians public stances.Heres a look at some of RFK Jr.s controversial claims on some key health issues:COVID-19Kennedy falsely claimed that some race groups have immunity to the SARS-CoV-2 virus that causes COVID-19. COVID-19 attacks certain races disproportionately, Kennedy said. COVID-19 is targeted to attack Caucasians and Black people. The people who are most immune are Ashkenazi Jews and Chinese.Virologist Angela Rasmussen of the University of Saskatchewan has debunked this claim, arguing that Jewish or Chinese protease consensus sequences are not a thing in biochemistry, but they are in racism and antisemitism, as reported by The New York Times.The remarks have also been denounced by activist groups. The American Jewish Committeetold CNNthat RFK Jr.s assertion that COVID was genetically engineered to spare Jewish and Chinese people is deeply offensive and incredibly dangerous, and the Anti-Defamation League told the same outlet that Kennedys claim feeds into sinophobic and antisemitic conspiracy theories about COVID-19 that we have seen evolve over the last three years.Vaccines and autismKennedy, an anti-vax activist, has called the COVID-19 vaccine the deadliest vaccine ever made. Health officials have countered that the COVID-19 vaccine is safe and effective and has saved million of lives.RFK Jr. has further asserted that vaccines administered in childhood, including the measles, mumps, and rubella (MMR) vaccine, are linked to the development of autism in children. I do believe that autism does come from vaccines, Kennedy told Fox News.RFK Jr. blamed the preservative thimerosal, which was taken out of the MMR vaccine in 2001, but is still used in some flu vaccines, according to The Washington Post. In 2018, he helped launch the anti-vaccine group Childrens Health Defense, which criticizes the number of shots kids are given today. (Kennedy has argued hes not anti-vaccine, just pro-vaccine safety.)Dr. Paul Offit, director of the Vaccine Education Center and an infectious diseases physician at Childrens Hospital of Philadelphia, told CNN that Kennedy is a science denialist who makes misleading or false statements about the safety of the measles, mumps, and rubella vaccine.A2004 reportfrom the Institute of Medicine concluded there is no link between autism and vaccination, and dozens ofstudiesin peer-reviewed journals also disproved the notion that theMMRvaccine causes autism.Experts at the Centers for Disease Control and Prevention and the American Academy of Pediatrics agree that the MMR vaccine is not responsible for recent increases in the number of children diagnosed with autism. The MMR vaccine is administered at around the typical age of onset for autism, so some parents mistakenly link the two events, The Washington Post noted.Vaccines have eradicated many dangerous diseases throughout history, including deadly smallpox.Raw milk and unprocessed foodsRFK Jr. said he will remove processed food from school lunches immediately, but nutritionists who remember how Trump fought against stricter school lunch standards in his first term, and how Republicans attempted to derail former first lady Michelle Obamas healthy lunch agenda, are skeptical that he will have support inside the administration.But where RFK Jr. gets more controversial isnt with his plan to crack down on unhealthy school lunches or remove food dyes from cereal, but with histhreat to fire nutritionists and other staff at the Food and Drug Administration and promote unregulated and unsafe food alternatives like unprocessed raw milk, which can cause death if contaminated.Drinking raw milkhas always been somewhat risky because it is not pasteurized, a process that kills harmful bacteria, and consuming it is associated with outbreaks of pathogens such as E. coli,which can causekidney failureand death.In a post on X, RFK Jr. made clear he would either limit or stop the FDA from regulating raw milk, vitamins, psychedelics, and much more. He has also trafficked in extreme conspiracy theories that blame the U.S. government for mass poisoning Americans.FDAs war on public health is about to end, RFK Jr. wrote just days before the presidential election. This includes its aggressive suppression of psychedelics, peptides, stem cells, raw milk, hyperbaric therapies, chelating compounds, ivermectin, hydroxychloroquine, vitamins, clean foods, sunshine, exercise, nutraceuticals and anything else that advances human health and cant be patented by Pharma.Current FDA Commissioner Dr. Robert Califf said Tuesday that not having experts, I think historically, in every society, has been a case for demise of that society, and noted to The New York Times that while the current HHS rarely interferes with scientific decisions at the FDA, its totally within the law for the president or the HHS secretary to overrule the entire FDA.0 Commentarios 0 Acciones 16 Views
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WWW.FASTCOMPANY.COMWhat Is MATGA? All about the latest anti-Trump trend sweeping TikTokTrump supporters are demanding an FBI investigation into the latest TikTok trend, where women are reviving the spirit of Renaissance murderer Giulia Tofana in response to Donald Trumps reelection.Tofana, who devised a tasteless and odorloss poison made from arsenic, belladonna, and lead, is alleged to have killed up to 600 men with her concoction in the 17th century. According to Historia magazine, Tofana sold poison to women who wanted to free themselves from their abusive husbands. Women who can divorce their husbands, Im gonna need you to do it today, one TikTok user posted last week. Women who cant divorce their husbands, look up Aqua Tofana. @the_lady_j_ #wellthatwassomething #justathoughtonthat #lookupwhat #howwillthatdoanygood? #whodoesthishelp original sound Lady J Another TikTok clip shows a user reacting to the misogynistic phrase, Your body, my choice by pouring an unknown substance into a drink and before switching to an image of the famous poisoner. The Institute for Strategic Dialogue said it had seen a 4,600% increase online in the phrases your body, my choice and get back in the kitchen since the election. Now, the acronym #Matga, or Make Aqua Tofana Great Again, an obvious riff on MAGA, is trending in response. @_quinn_sue_ Aqua Tufania was used by many wifes to kill their husbands during a time in which divorce was no option #womensrights #womensrightsarehumanrights #mybodymychoice #yourbodymychoice #aquatufania Venom Music From The Motion Picture Eminem While the videos appear to be in all likelihood satirical, Republicans have tapped in the FBI. Georgia Rep. Marjorie Taylor Greene wrote on X: @FBI these are public death threats and must [be] investigated! These women are telling others how to poison and murder men because they are angry over the election. If you tracked down J6ers, pro-lifers, parents angry at School boards, then you better go after these psychopaths!.@FBI these are public death threats and must investigated!These women are telling others how to poison and murder men because they are angry over the election.If you tracked down J6ers, pro-lifers, parents angry at School boards, then you better go after these psychopaths! https://t.co/jEvTIHI8Qt Rep. Marjorie Taylor Greene (@RepMTG) November 10, 2024Another X user wrote: Hi @FBI. Whats your position on women encouraging other women to poison their husbands or others who voted for Trump?Many appear to be taking the threats seriously, with one commenting he wont be visiting a Starbucks anytime soon, out of fear a barista may poison his drink. Another writes: Can we trust these women if they are working in the food service business to serve conservatives?Listening with compassion that men are warning other men to cover their drinks because of acqua tofana, posted one TikTok user over an audio of someone sniggering. The irony is not lost.0 Commentarios 0 Acciones 18 Views
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WWW.FASTCOMPANY.COMGen Z workers are more likely to witness workplace violencebut not speak upIn September, New York enacted a law designed to protect retail workers from violence on the job. The Retail Worker Safety Act requires companies with 10 or more employees to adopt a clear workplace violence prevention policy, as well as a training program and even a panic button system in large workplaces. The law comes on the heels of a similar measure in Californiaand an uptick in workplace violence across retail jobs, especially following the pandemic. According to the Occupational Safety and Health Administration (OSHA), about two million American workers experience some kind of violence at work annually, not including incidents that go unreported. But many retail workers, in particular, were subjected to harassment and abuse from customers at the height of the pandemic and found that the challenges they already faced on the job were exacerbated.A Generational DivideIn a new report, compliance training company Traliant found that younger workers are much more likely to be trained on workplace violence prevention, indicating that more companies are investing in these programs. But those same workers are less inclined to report incidents at work, even as 38% of Gen Z workers claim to have witnessed acts of violence against their colleagues. In fact, nearly half of Gen Z workers say they would not report concerns about workplace violencewhether it impacted them or a colleagueunless they could keep it anonymous, as compared to just 19% of baby boomers who said the same. The vast majority of incidents witnessed by respondents were committed by either customers (40%) or employees (29%) at the company.While most retail employees surveyedabout 78%said they had been trained on workplace violence, those programs did not always adequately prepare workers to respond to incidents. Again, younger workers were less likely to feel extremely or very confident in their abilities to deescalate a situation that could turn violent. Regardless of age, retail employees expressed a desire to have clear plans and procedures in place. Nearly 60% also said they would feel safer at work if the company culture explicitly encouraged them to report incidents, while 56% were in favor of physical security measures.A change in cultureIn industries like retail, where workers are often instructed to listen to the customer, trainings alone dont necessarily translate to a broader culture shift that empowers employees to speak up when faced with workplace abuse or violence. Only 38% of respondents felt like their employer was extremely supportive of workers raising concerns, without fear of retaliation. Many retail workers already face hurdles to securing higher wages and workplace protections, making them less likely to alert their employers to issues like workplace violence. Thats where laws like the Retail Worker Safety Act could help raise awareness and secure concrete safety measures, if this kind of legislation gains traction in other states. Retail workers seem to agree: According to Traliants report, 94% of people surveyed believe other states should introduce laws similar to the one recently enacted in New York.0 Commentarios 0 Acciones 18 Views
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