The Coronavirus pandemic has scuttled most of the country’s summer vacation plans, but camping is still a safe option for many of us. As you pack up the RV and take to the road – or maybe the backyard – for an encounter with the great outdoors, remember that not all camping essentials are created…
Time magazine reports that “Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year. Bezos,…
America’s most well-known electronics store is boosting starting pay for workers. The Minneapolis Star Tribune reports: “Best Buy will permanently raise its minimum wage to $15 an hour for U.S. workers, following other retailers such as Target. The Richfield-based electronics chain also said Tuesday its sales are up 15% since stores opened in mid-June to…
The unthinkable has happened: Walmart will put people over profits on Thanksgiving Day. CNN Business reports: “Walmart will close its stores on Thanksgiving Day for the first time in more than 30 years, the world’s largest retailer said Tuesday. The move comes at a time when retailers are rethinking their plans for the holiday shopping…
If you want to see one of the uglier sides of corporate greed, check out the lavish treatment that executives receive from their companies right before a bankruptcy filing. Reuters reports: “Nearly a third of more than 40 large companies seeking U.S. bankruptcy protection during the coronavirus pandemic awarded bonuses to executives within a month…
Despite the financial condition of Neiman Marcus, it still wants to give pay raises to executives. The Rome News Tribune reports: “Neiman Marcus is asking the bankruptcy court to give raises to chief executive officer Geoffroy van Raemdonck, seven additional executives who make up the C-suite and as many as 239 key employees. The proposed…
Macy’s has joined the club of businesses crying poverty while paying out millions in executive bonuses. CNBC reports: “Macy’s, just days after it laid off roughly a quarter of its corporate workforce, has doled out $9 million in equity awards to six of its top executives. The crippled department store chain’s Chief Executive Jeff Gennette…
The crazy tone-deaf circus that is the Trump administration appeared even more disconnected as it promoted a bizarre ad campaign titled “Find Something New.” The Washington Post reports: “Ivanka Trump urged out-of-work Americans to “find something new” Tuesday as part of a new jobs initiative designed to tout the benefits of skills training and career…
The New York Times reports: “Gov. Kevin Stitt of Oklahoma announced on Wednesday that he has tested positive for the coronavirus, becoming the first governor in the United States known to have been infected during the pandemic. Mr. Stitt told reporters in a video news conference that he was feeling fine and that he did…
Walmart gave out a paltry bonus last month of $150 to part-time store “associates” and $300 to full time ones – that comes out that a life-changing $1.88 extra an hour over a month’s worth of work. Actually, it works out much worse hourly since Walmart isn’t planning another bonus until September. So change to…