The folly of investing in Cuba
The Cuban government’s recent announcement that it intends to permit foreign private investment is fueling the hopes and dreams of those in the business community whose naivete, avarice or moral agnosticism allows them to believe that their financial investment in the island economy will turn out to be manageable, profitable and sustainable. While the embargo on Cuba has prevented Americans from doing business with Cuban natio
Read MoreMore Americans are living paycheck to paycheck
Story at a glance A report from the LendingClub Corporation found that the number of Americans living paycheck to paycheck increased to 61 percent in June – up from 55 percent a year prior. The largest short-term increase in consumers living paycheck to paycheck was among those earning between $100,000 and $150,000 annually, rising by 11 percentage points from May to June 2022.
Read MoreStarbucks union requests wage increases apply at unionized stores
A labor union representing workers at nearly 200 Starbucks locations has asked the company to extend new wage and benefit increases to unionized employees. Lynne Fox, the international president of Workers United, sent a letter to Starbucks interim CEO Howard Schultz dated July 15 waiving the union’s bargaining rights to wage increases and Starbucks’ other recently announced benefit improvements. “Unfortunately, Starbucks has claimed that it cannot legally provide these new or improved benefits to employees represented by Workers United without first bargaining,” Fox wro
Read MoreOklahoma public schools now require student athletes to submit 'biological sex affidavit'
Story at a glance Student athletes in Oklahoma are now required to complete a “biological sex affidavit” to verify their sex assigned at birth. The document will be used by schools to enforce a state law passed in March that prevents transgender athletes from competing on sports teams that match their gender identity. Transgender athl
Read MoreTaiwan broadcaster: Pelosi to arrive on island Tuesday night
House Speaker Nancy Pelosi (D-Calif.) will reportedly visit Taiwan on Tuesday during her tour of Asia, despite warnings from the Biden administration and threats from China. Pelosi’s congressional delegation tour kicked off Monday in Singapore, and her office has confirmed Malaysia, South Korea and Japan are a
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