Business week: mandates for vaccines

What’s up? (January 2-8) Changing directions for employers Companies faced a growing staff shortage while workers have made themselv...

Companies faced a growing staff shortage while workers have made themselves ill or tested positive for Covid-19 along with changing guidelines on what they are required to do to keep their workers safe. Tuesday, the Centers for Disease Control and Prevention stood at his direction that Americans who test positive for the coronavirus could end isolation after five days without getting a negative test. The omission of a testing requirement has been criticized by some public health experts, and the agency was generally expected to add tests to its guidelines. Walmart told workers on Tuesday that it reduce paid leave for workers who contract the virus to one week, instead of two. The Supreme Court heard arguments on Friday over the legality of two Biden administration rules: one requires large private companies to ensure workers are vaccinated or undergo weekly tests and the other requires that certain health workers are vaccinated. Macy’s requested the vaccination status of its employees last week, while Starbucks set a deadline of February 9 that its American workers be fully immunized and that Citigroup said he would reject unvaccinated employees by the end of the month.

Employers are still struggling to find workers. The American economy added 199,000 jobs in December, against 249,000 in November, the Labor Department said on Friday. It was the weakest job growth of the year, even before the Omicron variant of the coronavirus posed a new threat to the economy. The problem appears to be that the demand for workers exceeds the available candidates. The unemployment rate in December fell to 3.9% from 4.2%, while the average hourly wage rose 4.7% for the year, a sign that companies are struggling to attract and retain employees. workers. Data released Tuesday showed that more Americans left their jobs in November than in any other month on record.

After a trial that lasted more than three months and seven days of deliberation, the jury in the Elizabeth Holmes case delivered a verdict on Monday, finding the founder of Theranos guilty on four of the 11 counts of fraud. Each count carries a maximum penalty of 20 years in prison, which may be served concurrently. The case raised questions about Silicon Valley Culture “pretend until you do” and initiated a debate on whether Mrs. Holmes’ behavior reflects something other than the false and deceptive actions of an entrepreneur. Ms Holmes is likely to appeal, and a sentencing date is expected to be set this week.

The entertainment industry is heading towards a reduced 2022 awards season this week. The Critics Choice Awards, originally scheduled for Sunday, have been postponed indefinitely due to coronavirus concerns. The Golden Globes, also scheduled for Sunday, will take place without an audience or red carpet after questions were raised about possible financial missteps and a lack of diversity within the group that distributes the prizes. The Grammy Awards, originally scheduled for January 31. have been postponed; the Palm Springs International Film Festival, scheduled to take place this week, has been canceled; and the Sundance Film Festival won’t take place online until the end of January. Plans for an in-person Oscar ceremony on March 27 remain unchanged, but relatively few people have seen the films most likely to win Oscars.

On Wednesday, the Ministry of Labor will report on the price increase in December. In November, the consumer price index, an important measure of inflation, grew at its fastest pace in nearly 40 years, and central banks around the world have begun to strive to slow the economy. The minutes of the Federal Reserve’s December meeting released last week suggested he could withdraw support to the economy faster than expected.

The Senate will hold separate confirmation hearings this week for Jerome H. Powell, who has been appointed by President Biden for a second term as Chairman of the Federal Reserve, and Lael Brainard, Mr. Biden’s candidate for the post of vice-president. Although some progressive Democrats, including Senator Elizabeth Warren, have said they oppose Mr. Biden’s re-appointment of Mr. PowellBoth Democrats and Republicans have expressed support for the nomination, which has been widely seen as a signal of consistency. Mr Powell will likely be asked about the controversy surrounding a financial transaction carried out by the outgoing vice president of the Fed, Richard H. Clarida. Mr Clarida bought shares in an investment fund that owns shares a day before the Fed announced it would save markets which plunged at the start of the pandemic.

BlackBerry models that use company operating systems stopped working Tuesday, ending an era for the once ubiquitous device. Apple’s market capitalization briefly hit $ 3 trillion for the first time. Cruises continued to navigate despite warnings from CDC and airlines continued to cancel thousands of flights one day.

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Newsrust - US Top News: Business week: mandates for vaccines
Business week: mandates for vaccines
Newsrust - US Top News
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