• Certainly, some people have thrived in their new remote work lives. For the pro-return-to-office crowd, the fits and starts have been excruciating, @kellen_browning writes. Link
    NYT Business Tue 24 Aug 2021 06:24

    SAN FRANCISCO — Before the pandemic, Roya Joseph’s days at the office were defined by interaction. She looked forward to casual conversations with co-workers, mentorship sessions with managers and periodic, freewheeling chats — known as “teatime” — in the office kitchen.

    All that was swept away when Ms. Joseph, a water engineer for Black & Veatch, an engineering firm, was sent home from her Walnut Creek, Calif., office along with the rest of her colleagues as the coronavirus began spreading through the United States last year. She jumped at the opportunity to return when her office reopened to some employees in June.

    But two weeks ago, the rug was pulled out from under her again. Black & Veatch shut its offices as virus cases rose nationwide, driven by the contagious Delta variant.

    “It’s depressing,” Ms. Joseph, 32, said. “I feel like we’re being pushed back to that isolation bubble. I feel like, mentally, I’m not ready to face that again.”

  • The time it takes for parts from one of Catrike’s suppliers to arrive by sea in North America from a factory in Indonesia has jumped to three months or more — double what it took before. Link
    NYT Business Tue 24 Aug 2021 05:34
    Maurice Booker painting a Catrike frame in Orlando, Fla. The company has tried to avoid raising prices, even as the costs of some parts have increased.Credit...Octavio Jones for The New York Times
  • The Justice Department had identified Anthony Scotto as a mob captain. “This isn’t the first time a thing like this has been said against me, and I guess it won’t be the last time as long as my name is Scotto and not Schwartz or O’Hara,” Mr. Scotto. Link
    NYT Business Tue 24 Aug 2021 04:09

    Anthony M. Scotto, a former leader of the longshoremen’s union whose polished manners and soft-spoken approach made him seem out of place in the turbulent, often corrupt world of the waterfront until he himself went to prison for labor racketeering, has died. He was 87.

    His death was announced on Sunday on Instagram by his daughter, Rosanna Scotto, a co-host of the Fox Five New York news program “Good Day New York.” She gave no other details. Mr. Scotto had homes in New York City and Southampton, N.Y.

    Mr. Scotto (pronounced SKOE-toe) was not yet 30 when he became president of the Brooklyn-based Local 1814 of the International Longshoremen’s Association in 1963, succeeding his father-in-law, Anthony Anastasio, who had died of a heart attack at 57. Before Mr. Scotto took over, Mr. Anastasio had risen from dock worker to union leader and consolidated 10 small locals into Local 1814, the biggest in the I.L.A. and the most powerful along the Atlantic and Gulf Coasts,...

  • .@jeannasmialek writes that Catrike has problems that offer a window into how supply-chain disruptions are rocking companies in the United States and around the world. Link
    NYT Business Tue 24 Aug 2021 02:54
    Maurice Booker painting a Catrike frame in Orlando, Fla. The company has tried to avoid raising prices, even as the costs of some parts have increased.Credit...Octavio Jones for The New York Times
  • As the quiz show regroups, the sitcom star Mayim Bialik will temporarily take over weeknight hosting duties at “Jeopardy!” Link
    NYT Business Tue 24 Aug 2021 02:24

    The sitcom star Mayim Bialik will temporarily take over weeknight hosting duties at “Jeopardy!” as the venerable quiz show regroups in the wake of last week’s departure of its new host, Mike Richards.

    Sony Pictures Entertainment named Mr. Richards, the executive producer of “Jeopardy!,” as the successor to Alex Trebek this month. But he stepped down on Friday amid a furor over sexist and offensive comments he made on a podcast several years ago.

    For now, Mr. Richards remains the show’s executive producer.

    Ms. Bialik, best known for her roles on “The Big Bang Theory” and “Blossom,” was selected by Sony to host “Jeopardy!” prime-time specials, although only one has been scheduled. She was one of several personalities who had competed against Mr. Richards to succeed Mr. Trebek, who died last year after 37 years as host.

    Sony said on Monday that Ms. Bialik would host this week’s tapings of “Jeopardy!” in Culver City, Calif., 15 episodes in all. The company...

  • A passenger death and a rise in coronavirus infections put cruise ship health and safety protocols to the test.  Link
    NYT Business Tue 24 Aug 2021 01:49

    As the highly contagious Delta variant surges across the world, the health and safety protocols established for cruise ships are being put to the test. Over two weeks in late July and early August, 27 coronavirus infections were identified aboard the Carnival Vista cruise ship sailing out of Galveston, Texas.

    One of those infected, a passenger, later died.

    It was the highest number of cases aboard a ship reported since June, when cruises restarted in the Caribbean and United States, and the first death.

    The passenger and 26 crew members were immediately isolated after testing positive for the virus. Contact tracing and further testing was conducted, with no new cases reported by Aug. 11, when the ship arrived at the port of Belize City on the northeastern coast of Central America, Carnival said.

    Though the ship sailed out of Texas, which bans businesses from requiring vaccinations, more than 96 percent of passengers were vaccinated and all but one crew...

  • .@dmccabe writes that a bill in the South Korean legislature that Apple and Google say could imperil their businesses poses an early test of whether the Biden administration will defend big tech facing antitrust scrutiny abroad. Link
    NYT Business Tue 24 Aug 2021 01:14

    WASHINGTON — For months, Apple and Google have been fighting a bill in the South Korean legislature that they say could imperil their lucrative app store businesses. The companies have appealed directly to South Korean lawmakers, government officials and the public to try to block the legislation, which is expected to face a crucial vote this week.

    The companies have also turned to an unlikely ally, one that is also trying to quash their power: The United States government. A group funded by the companies has urged trade officials in Washington to push back on the legislation, arguing that targeting American firms could violate a joint trade agreement.

    The South Korean legislation would be the first law in the world to require companies that operate app stores to let users in Korea pay for in-app purchases using a variety of payment systems. It would also prohibit blocking developers from listing their products on other app stores.

    How the White House responds...

  • A setback for so-called gig economy companies and a victory for labor organizers, a California judge ruled that a ballot initiative backed by Uber, Lyft and DoorDash violated the state’s Constitution, @kateconger and @kellen_browning write. Link
    NYT Business Tue 24 Aug 2021 00:44

    Emboldened by a California election victory that maintained the independence of their drivers last year, gig economy companies like Uber and Lyft have in recent months accelerated a push for what they call a “third way” of working, a classification of independent gig workers who receive limited benefits without gaining employee status.

    But that plan was upended on Friday evening by a California judge who ruled that the ballot initiative backed by Uber, Lyft, DoorDash and other so-called gig economy companies violated the state’s Constitution. It was a potential setback for the companies and a victory for labor organizers and drivers who argue they are being treated unfairly.

    Here is an explanation of this long-simmering fight and what happens next:

  • .@kellen_browning writes that while workers who want to stay home forever have been vocal, a silent majority of Americans do want to get back to the office. The coronavirus surge has left that larger group increasingly glum. Link
    NYT Business Tue 24 Aug 2021 00:14

    SAN FRANCISCO — Before the pandemic, Roya Joseph’s days at the office were defined by interaction. She looked forward to casual conversations with co-workers, mentorship sessions with managers and periodic, freewheeling chats — known as “teatime” — in the office kitchen.

    All that was swept away when Ms. Joseph, a water engineer for Black & Veatch, an engineering firm, was sent home from her Walnut Creek, Calif., office along with the rest of her colleagues as the coronavirus began spreading through the United States last year. She jumped at the opportunity to return when her office reopened to some employees in June.

    But two weeks ago, the rug was pulled out from under her again. Black & Veatch shut its offices as virus cases rose nationwide, driven by the contagious Delta variant.

    “It’s depressing,” Ms. Joseph, 32, said. “I feel like we’re being pushed back to that isolation bubble. I feel like, mentally, I’m not ready to face that again.”

  • “It’s going to be a long time before New York City gets its economic groove back.” September was supposed to mark a return to normal for NYC, as businesses reopened, and tourists and office workers filled the streets. The Delta variant upended those plans. Link
    NYT Business Mon 23 Aug 2021 22:49

    For New York City and its trillion-dollar economy, September was supposed to mark a return to normal, a moment when Broadway theaters reopened, stores and restaurants hummed, and tourists and office workers again filled the streets.

    But that long-awaited milestone has been upended by the Delta variant of the coronavirus. One big company after another has postponed plans to come back to Manhattan’s soaring towers. Trade shows have been canceled. Some small businesses have had orders evaporate.

    It is a setback for a city that has lagged behind the rest of the country in its economic recovery, with a 10.5 percent unemployment rate that is nearly twice the national average. Now, rather than seeing the fuller rebound it was counting on, New York is facing fresh challenges.

    “The Delta variant is a meaningful threat to the city’s recovery,” said Mark Zandi, the chief economist at Moody’s Analytics. “This is not going to be easy. It’s going to be a long time before...

  • Job openings are abundant, wages for people at the lower end of the pay spectrum are rising fast, and it seems that the post-pandemic recovery won't be like the long slog that followed the previous three recessions. Link
    NYT Business Mon 23 Aug 2021 22:19
    Seen at a U-Haul in Overland, Mo., earlier this summer. A “high-pressure” economy has brought more people into the labor market and pushed up wages at the lower end of the income scale. Credit...Whitney Curtis for The New York Times
  • The dock union leader Anthony Scotto spoke quietly, read widely, dressed nattily and smelled not of cigar smoke but of after-shave lotion, so much so “that the fragrance can be inhaled nearly six feet away,” as Gay Talese wrote.  Link
    NYT Business Mon 23 Aug 2021 21:44

    Anthony M. Scotto, a former leader of the longshoremen’s union whose polished manners and soft-spoken approach made him seem out of place in the turbulent, often corrupt world of the waterfront until he himself went to prison for labor racketeering, has died. He was 87.

    His death was announced on Sunday on Instagram by his daughter, Rosanna Scotto, a co-host of the Fox Five New York news program “Good Day New York.” She gave no other details. Mr. Scotto had homes in New York City and Southampton, N.Y.

    Mr. Scotto (pronounced SKOE-toe) was not yet 30 when he became president of the Brooklyn-based Local 1814 of the International Longshoremen’s Association in 1963, succeeding his father-in-law, Anthony Anastasio, who had died of a heart attack at 57. Before Mr. Scotto took over, Mr. Anastasio had risen from dock worker to union leader and consolidated 10 small locals into Local 1814, the biggest in the I.L.A. and the most powerful along the Atlantic and Gulf Coasts,...

  • As the fall semester approaches, some students with disabilities are pushing for remote accommodations to continue, even as in-person classes resume Link
    NYT Business Mon 23 Aug 2021 21:14
    Cory Lewis, a biology major at Georgia Military College, lives with sickle cell disease and was hospitalized four times last year. Rather than defer a year, he remained enrolled through online classes.Credit...Johnathon Kelso for The New York Times
  • The sitcom star Mayim Bialik will temporarily take over weeknight hosting duties at “Jeopardy!” as the venerable quiz show regroups in the wake of last week’s departure of its new host, Mike Richards. Link
    NYT Business Mon 23 Aug 2021 21:04

    The sitcom star Mayim Bialik will temporarily take over weeknight hosting duties at “Jeopardy!” as the venerable quiz show regroups in the wake of last week’s departure of its new host, Mike Richards.

    Sony Pictures Entertainment named Mr. Richards, the executive producer of “Jeopardy!,” as the successor to Alex Trebek this month. But he stepped down on Friday amid a furor over sexist and offensive comments he made on a podcast several years ago.

    For now, Mr. Richards remains the show’s executive producer.

    Ms. Bialik, best known for her roles on “The Big Bang Theory” and “Blossom,” was selected by Sony to host “Jeopardy!” prime-time specials, although only one has been scheduled. She was one of several personalities who had competed against Mr. Richards to succeed Mr. Trebek, who died last year after 37 years as host.

    Sony said on Monday that Ms. Bialik would host this week’s tapings of “Jeopardy!” in Culver City, Calif., 15 episodes in all. The company...

  • For people eager to get back to the office, delays caused by the Delta variant of the coronavirus have been more than a little disappointing. Link
    NYT Business Mon 23 Aug 2021 20:34

    SAN FRANCISCO — Before the pandemic, Roya Joseph’s days at the office were defined by interaction. She looked forward to casual conversations with co-workers, mentorship sessions with managers and periodic, freewheeling chats — known as “teatime” — in the office kitchen.

    All that was swept away when Ms. Joseph, a water engineer for Black & Veatch, an engineering firm, was sent home from her Walnut Creek, Calif., office along with the rest of her colleagues as the coronavirus began spreading through the United States last year. She jumped at the opportunity to return when her office reopened to some employees in June.

    But two weeks ago, the rug was pulled out from under her again. Black & Veatch shut its offices as virus cases rose nationwide, driven by the contagious Delta variant.

    “It’s depressing,” Ms. Joseph, 32, said. “I feel like we’re being pushed back to that isolation bubble. I feel like, mentally, I’m not ready to face that again.”

  • “I’ve never met anybody with as much conviction. It’s almost mystical, to be very honest with you.” Link
    NYT Business Mon 23 Aug 2021 20:04

    Ms. Wood says the Holy Spirit moved her to strike out on her own after an up-and-down career in money management. But it’s her belief in herself that won the Reddit crowd’s faith.

  • The Delta variant has upended events, office reopenings and travel, raising new challenges for service businesses and their workers. Link
    NYT Business Mon 23 Aug 2021 19:34

    For New York City and its trillion-dollar economy, September was supposed to mark a return to normal, a moment when Broadway theaters reopened, stores and restaurants hummed, and tourists and office workers again filled the streets.

    But that long-awaited milestone has been upended by the Delta variant of the coronavirus. One big company after another has postponed plans to come back to Manhattan’s soaring towers. Trade shows have been canceled. Some small businesses have had orders evaporate.

    It is a setback for a city that has lagged behind the rest of the country in its economic recovery, with a 10.5 percent unemployment rate that is nearly twice the national average. Now, rather than seeing the fuller rebound it was counting on, New York is facing fresh challenges.

    “The Delta variant is a meaningful threat to the city’s recovery,” said Mark Zandi, the chief economist at Moody’s Analytics. “This is not going to be easy. It’s going to be a long time before...

  • The oil and gas giant Chevron will require some of its employees to receive coronavirus vaccinations, becoming the first major U.S. oil producer to announce that it was requiring field workers to be protected against the virus. Link
    NYT Business Mon 23 Aug 2021 19:04

    The oil and gas giant Chevron will require some of its employees to receive coronavirus vaccinations, becoming the first major U.S. oil producer to announce that it was requiring field workers to be protected against the virus at a time when other large corporations are making similar demands on office workers.

    The mandate applies to employees who travel internationally and expatriates, as well as the offshore work force in the Gulf of Mexico and some onshore support personnel, the company said on Monday. Chevron is the second-largest oil and gas producer in the United States after Exxon Mobil.

    “As part of our fitness for duty safety standard, workers in certain jobs are required to be vaccinated against Covid-19,” a Chevron spokeswoman said in an email. “We will continue to carefully monitor the medical data and follow the guidance of health authorities in order to protect our work force.”

    The news was reported earlier by The Wall Street...

  • U.S. stocks rose in early trading Monday ahead of an annual gathering of economists and central bankers later this week. Link
    NYT Business Mon 23 Aug 2021 18:33

    The oil and gas giant Chevron will require some of its employees to receive coronavirus vaccinations, becoming the first major U.S. oil producer to announce that it was requiring field workers to be protected against the virus at a time when other large corporations are making similar demands on office workers.

    The mandate applies to employees who travel internationally and expatriates, as well as the offshore work force in the Gulf of Mexico and some onshore support personnel, the company said on Monday. Chevron is the second-largest oil and gas producer in the United States after Exxon Mobil.

    “As part of our fitness for duty safety standard, workers in certain jobs are required to be vaccinated against Covid-19,” a Chevron spokeswoman said in an email. “We will continue to carefully monitor the medical data and follow the guidance of health authorities in order to protect our work force.”

    The news was reported earlier by The Wall Street Journal.

    Exxon...

  • Commercial airlines have started evacuating Americans and Afghan allies from bases in the Middle East, fulfilling a commitment to aid the military in emergencies. Link
    NYT Business Mon 23 Aug 2021 18:03

    The oil and gas giant Chevron will require some of its employees to receive coronavirus vaccinations, becoming the first major U.S. oil producer to announce that it was requiring field workers to be protected against the virus at a time when other large corporations are making similar demands on office workers.

    The mandate applies to employees who travel internationally and expatriates, as well as the offshore work force in the Gulf of Mexico and some onshore support personnel, the company said on Monday. Chevron is the second-largest oil and gas producer in the United States after Exxon Mobil.

    “As part of our fitness for duty safety standard, workers in certain jobs are required to be vaccinated against Covid-19,” a Chevron spokeswoman said in an email. “We will continue to carefully monitor the medical data and follow the guidance of health authorities in order to protect our work force.”

    The news was reported earlier by The Wall Street Journal.

    Exxon...

  • RT @GregoryNYC: BREAKING: Mayim Bialik will temporarily take over weeknight hosting duties at “Jeopardy!” as the venerable quiz show regrou…
    NYT Business Mon 23 Aug 2021 17:38
  • Citadel pumped billions of dollars into Melvin Capital after that fund’s bet against GameStop went bad. Now, Citadel is taking some of its money back. Link
    NYT Business Mon 23 Aug 2021 17:33
    In a House Financial Services Committee hearing, Gabriel Plotkin, founder and chief executive of the hedge fund Melvin Capital, defended his firm’s long-term strategy in betting that GameStop shares would fall.
  • RT @Neil_Irwin: "Run the economy hot" went from an idea discussed at think tank seminars to being embraced at the highest levels of the Bid…
    NYT Business Mon 23 Aug 2021 17:03
  • Long before the pandemic, many students with disabilities had been calling for remote accommodations, often to little avail. But the past year has made remote instruction seem more feasible. Link
    NYT Business Mon 23 Aug 2021 16:33
    Cory Lewis, a biology major at Georgia Military College, lives with sickle cell disease and was hospitalized four times last year. Rather than defer a year, he remained enrolled through online classes.Credit...Johnathon Kelso for The New York Times
  • Rachel Maddow has renewed her contract with MSNBC; a California law that ensures many gig workers are considered independent contractors, while affording them some limited benefits, is deemed unconstitutional; and more in your daily catch-up: Link
    NYT Business Mon 23 Aug 2021 16:03

    The oil and gas giant Chevron will require some of its employees to receive coronavirus vaccinations, becoming the first major U.S. oil producer to announce that it was requiring field workers to be protected against the virus at a time when other large corporations are making similar demands on office workers.

    The mandate applies to employees who travel internationally and expatriates, as well as the offshore work force in the Gulf of Mexico and some onshore support personnel, the company said on Monday. Chevron is the second-largest oil and gas producer in the United States after Exxon Mobil.

    “As part of our fitness for duty safety standard, workers in certain jobs are required to be vaccinated against Covid-19,” a Chevron spokeswoman said in an email. “We will continue to carefully monitor the medical data and follow the guidance of health authorities in order to protect our work force.”

    The news was reported earlier by The Wall Street Journal.

    Exxon...

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