Three Democratic senators on Tuesday unveiled proposed legislation that would require roughly 200 U.S. companies to pay a minimum 15 percent tax rate The proposal, called “The Corporate Profits Minimum Tax” is sponsored by senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), and Senate Finance Committee Chair Ron Wyden (D-Ore.) and co-sponsored by senators Michael Bennet (D-Colo.), Edward…
Democrats Unveil Corporate Profits Minimum Tax Requiring Wealthiest Companies to Pay 15 Percent Rate
Chip-makers Said They Will Meet Chip Data Request Amid Global Supply Crisis: Commerce Dept.
Companies including Intel, GM, Infineon, and SK Hynix have signaled they will cooperate with a voluntary request for data on the global chips crisis, the U.S. Department of Commerce said on Thursday. The Department noted that while the data request is currently voluntary, it may make it compulsory depending on the number and quality of responses. The…
Group of 160 Republicans Urge Biden to Fix Supply Chain Crisis Before Considering More Social Spending
A group of 160 Republican lawmakers have sent a letter to President Joe Biden urging him to “reevaluate his priorities” and address the supply chain and ports crisis in the United States before considering additional social spending. The letter was led and signed by Rep. Sam Graves (R-Mo.), the ranking member on the Transportation and Infrastructure Committee, and also…
Zillow to Stop Buying New Homes for the Rest of the Year as It Struggles to Manage Backlog in Renovations
October 20, 2021
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Business & EconomyCompaniesconstruction industryCOVID-19 pandemicEconomieseconomylabor shortagesnew homesreal estateUSUS News
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Online real estate marketplace Zillow on Monday announced it will stop buying new homes for the rest of the year due to a backlog in renovations and operational capacity constraints. The company’s Chief Operating Officer, Jeremy Wacksman, said in a statement that Zillow will not be signing any new, additional contracts to buy homes through the end…
Republican Senator Introduces Legislation to Temporarily Halt Federal Research Grants Going to Viral Gain of Function Research
October 20, 2021
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CCP VirusCOVID-19 pandemicDr. Faucigain-of-functionNational Institutes of Health - NIHNational Security IssuePoliticsUSUS NewsWuhan
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Senator Roger Marshall (R-Kan.) is leading a group of Republicans in introducing new legislation that will temporarily halt federal research grants from going to universities and other organizations that are conducting “risky research on potential pandemic pathogens.” In a press release announcing the new legislation on Oct. 19, Marshall said the bill, known as the Viral Gain of Function…
COVID-19 Delays Treatment, Worsens Outcomes for Heart and Stroke Patients: Survey
Canadians suffering from heart disease and stroke are facing delays in diagnosis and treatment due to the ongoing disruptive impacts of the pandemic on Canada’s health care system, according to a new survey of health care professionals and researchers. The national survey, sponsored by the Heart & Stroke Foundation and released Oct. 19, found that 9 out…
New Construction in China Declines for 6th Month, Largest Downward Trend Since 2015
October 18, 2021
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Business & EconomyChinaChina Business & EconomyChina real estateconstructionCOVID-19 pandemicEconomiesevergrandeLiquidationMarkets
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China’s new construction starts declined for a sixth month in September, marking the longest downward trend since the March-August 2015 downturn. New construction starts in September fell 13.54 percent from the year prior, the third month of double-digit declines, according to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday. Property…
Film and Television Workers Union Reaches Agreement With Hollywood Studio Producers, Preventing Nationwide Strikes
October 18, 2021
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Business & EconomyCompaniesCOVID-19 pandemiceconomyEntertainmentEntertainment NewsHollywoodstrikeUSUS Newsworking conditions
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A nationwide strike by Hollywood film and television crews was averted on Oct. 16 after the International Alliance of Theatrical Stage Employees International (IATSE) union reached an agreement with studio producers on a new three-year contract. The strike was planned amid disputes with studio producers about working conditions, pay, and schedules, with many members of the union claiming that…
US Drug Overdose Deaths Reached Record High of 96,000 in First 12 Months of Pandemic: CDC
Deaths from drug overdose in the United States jumped nearly 30 percent in a 12-month period ending in March 2021, according to provisional data released on Wednesday. The United States saw a record high of 96,779 reported drug overdose deaths, an increase of 29.6 percent in the period of a year from March 2020—coinciding with…
Amazon Allowing Managers to Decide When Corporate Employees Return to Office
October 12, 2021
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AmazonBusiness & EconomyCompaniesCOVID-19 pandemicInternationalMedia & Big TechTwitterUSUS Newsworking remotelyWorld
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Amazon is allowing company managers to decide when corporate employees return to the office after they began working remotely due to the COVID-19 pandemic. The company issued updated guidance in a memo to employees on Oct. 11 stating that it was leaving the decision as to when employees return to the office in the hands…
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