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Security concerns heighten ahead of midterm elections - October 11, 2022
Portugal became the latest country to formally position itself as a haven for remote workers, introducing a “digital nomad” visa that will become available at the end of the month. Portugal’s tourism numbers have increased since 2020 but still remain low compared to pre-pandemic levels. Croatia, Iceland and Greece are among those already offering this style of visa in Europe and some countries in Southeast Asia have also launched similar incentives. The offers come as more U.S. companies push employees back into the office despite resistance from workers.
The New Zealand government confirmed plans to tax agricultural long-lived gasses and biogenic methane that mainly comes from cow and sheep burps separately as part of its pledge to cut methane emissions 10% by 2030. The farm levy, which would be a world first, has angered some farmers and prompted opposing lawmakers to suspect the plan may actually increase global emissions by moving farming to other, less efficient countries. New Zealand is the world’s biggest dairy exporter, with agriculture not only playing a major role in the economy but also accounting for half the country’s total greenhouse gas emissions.
Lawsuits, harassment, calls to change balloting procedures and demands for election records are adding pressure on U.S. election officials ahead of midterm elections. While providing information to the public is a part of the job of an election worker, election skeptics and deniers have occasionally become threatening and demanding. A new poll found four in 10 Republicans and one in four Democrats say they will blame election fraud if their party doesn’t win control of Congress in November. A deluge of threats and intimidating behavior, in battleground states particularly, has prompted increased security outside polling centers and election offices.
Late-night talk shows, once a decades-long successful franchise for network television, have taken a hit amid the rise in streaming services. Some executives have concluded that the cost to produce some late-night talk shows, particularly at 12:30 a.m., is no longer feasible in the era of sinking ratings. Streaming continues to hold the most-watched TV format – a welcome sign for the companies that have launched direct-to-consumer platforms in recent years and are vying to attract subscribers in a crowded market.
New Mexico’s governor voided four pre-statehood proclamations that targeted Native Americans Monday in a move meant to strengthen bonds with Native American communities. Many states and localities now observe the second Monday in October as Indigenous Peoples Day instead of – or in addition to – Columbus Day. A poll found support for Columbus is waning and recognition of Indigenous Peoples Day is more widespread, with 23% of U.S. adults preferring to use that designation.
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https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,367 media articles and blogs and 57,760 social media posts over the last 24 hours.
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6 Oct 2022
Space advertisements closer to reality - October 6, 2022
The majority of CEOs are preparing for a recession according to a new survey with 91% of CEOs reporting they think a recession will happen in the next year. While most CEOs reported optimism in their companies’ ability to handle the economic downturn, a number of businesses announced layoffs and rollbacks of ESG programs to soften expected financial losses. KPMG CEO Paul Knopp noted a recession will not hit all industries evenly, with companies in the tech and mortgage industries likely to suffer the most. The report warned that companies attempting to recover from the COVID-19 pandemic also run the risk of suffering disproportionately from a large economic setback such as a recession.
The U.S. murder rate increased at a slower pace in 2021 compared to the previous year according to data released by the FBI. Economic pressure and labor shortages within law enforcement were highlighted by some experts as major contributing factors to crime in the U.S. The new crime report is notable for including more details about crimes than before, however observers noted the amount of law enforcement agencies contributing to the report was significantly lower than past reports and consequently painted a less clear picture of crime in the U.S. Moreover, some reporters pointed out the country’s most populous metropolitan areas, Los Angeles and New York City, had their numbers estimated by the agency because some police departments in the cities did not report their statistics.
Mortgage rates surged to their highest point since the peak of the 2000s housing bubble with the average rate for a 30-year mortgage at 6.75%. Applications for home loans and refinancing plummeted as a result of steadily increasing mortgage rates. Hurricane Ian added to the falling demand, with applications from Florida dropping by roughly 31%. Wall Street firms warned the housing market is likely headed toward a significant slowdown as home prices dip from record highs and are likely to decline more as the Federal Reserve combats inflation.
Space billboards could turn a profit for companies even as their projected costs reach as high as $65 million according to new research. Russian scientists proposed a constellation of roughly 50 satellites that could arrange themselves into shapes and graphics to advertise various products and services while orbiting Earth for about three months. Observers estimate the net income of the project could reach about $111 million if 24 ads are displayed over three months at $4.6 million per ad, less than the cost of a Super Bowl ad. While some argued the paper highlights the viability of advertising in space, critics called the idea of space billboards “dystopian” and unnecessary.
Americans’ holiday travel plans are expected to change as a result of inflation according to a survey from Bankrate. Respondents said they plan to travel for less time, seek out less expensive accommodations and travel to closer locations to save money. The rising costs of gas and airfare were pointed to as principal reasons for altering holiday travel plans, although the number of Americans changing their travel plans varied heavily by income. Notably, while the cost of air travel and lodging surged in recent months, the cost of rental cars plummeted by roughly 6% compared to last year.
CONTENT FACTS.
https://www.turbinelabs.com/ (Turbine Labs) has tracked 5,780 media articles and blogs and 68,977 social media posts over the last 24 hours.
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30 Sept 2022
Meta announces hiring freeze and company-wide budget cuts - September 30, 2022
The number of Americans seeking unemployment dropped to a five-month low despite the Federal Reserve’s efforts to cool the U.S. job market. The dip marked the first time claims fell below 200,000 since May. With unemployment rates dropping, analysts predicted the Fed will not slow down the pace of its rate hikes with some saying the central bank will continue its policies “until something breaks.” Economists noted that the drop could be linked to employers “hoarding” labor after struggling to hire in the fallout of the COVID-19 pandemic.
Toyota Motor Corp. reinforced its dedication to its electric vehicle strategy after being criticized by shareholders and environmental groups for its slow transition. The company’s CEO said the adoption of electric vehicles depends on the consumer, and despite the company’s stated commitment to EVs, warned a transition to exclusively electric vehicles could leave some consumers behind. Toyota is one of roughly 17 companies that have begun manufacturing EVs or announced plans to do so.
Facebook parent company Meta announced a hiring freeze and budget cuts in an end to the company’s long period of rapid growth. The news came as the company suffered losses in the face of global economic setbacks and a hit to its advertising business linked to iOS privacy changes. Meta reported a 1% dip in revenue in the previous quarter, the first reduction since the company went public. Meta CEO Mark Zuckerberg told managers to identify “weak performers” within their departments and reduce their headcounts accordingly.
President Joe Biden’s administration said it has scaled back eligibility for its student debt relief program following criticism and a lawsuit brought by six Republican-led states. The Department of Education’s new guidance affects roughly 700,000 borrowers and prevents those whose loans are not held by the department from seeking relief through the program. The lawsuit argued the program represents a significant overstep of executive powers by the administration and is unrelated to the financial burden borrowers have suffered as a result of the pandemic.
Used cars have grown too expensive for a number of U.S. consumers due to increased prices and rising interest rates. Used car dealer CarMax reported abysmal quarterly earnings Thursday, driving down its own stock as well as competitors’ stocks in a signal to the market of the growing unaffordability of used vehicles. CarMax CEO Bill Nash cited a shift in consumer spending away from large purchases as a primary reason for the dip in earnings while the company’s chief financial officer said they cut costs to align with lower sales.
CONTENT FACTS.
https://www.turbinelabs.com/ (Turbine Labs) has tracked 4,367 media articles and blogs and 57,760 social media posts over the last 24 hours.
Questions or feedback? Don't hesitate to https://www.turbinelabs.com/contact (reach out) to us directly.
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