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‘Work is the single most important way of proving your worth’ in the U.S., professor says — and it’s making Americans miserable

[Acorns, Illustration by Euralis Weekes] In the U.S., one expert says, “the more you work, the better person you are.” In the early 2000s, Jennifer Sherman, a professor of sociology at Washington State University, went to study a poverty-stricken mountain town in Northern California for her thesis. The town had been stripped of its main source […]

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Biden wants millions of clean-energy related jobs. Can it happen?

(CNN) Last week, President Joe Biden reaffirmed his commitment to addressing climate change by creating green energy jobs, building out a “modern and sustainable infrastructure” toward his continued goal of reaching a carbon-free energy sector in the US by 2035. In remarks last week before signing several executive orders focused on his climate agenda, Biden tied his energy policy […]

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Credit card firm Capital One fined for violating U.S. anti-money laundering law

(Reuters) – Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on Friday. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a statement that […]

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Hiring for these jobs is on the rise in 2021, according to LinkedIn

[CNBC, Getty Images] In a shift from recent years that have seen tech jobs as one of the most prominent fields for opportunity, the past year showed the rise of human-centric roles to cater to new and urgent needs brought on by the pandemic. LinkedIn’s latest Jobs on the Rise report, a special edition of the career site’s […]

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These 20 states are raising their minimum wage on Jan. 1

[Yahoo! Finance] While the coronavirus pandemic of 2020 has hit poor Americans the hardest, minimum wage earners in 20 U.S. states will get raises at the start of the new year. Four more states, plus Washington, DC, will raise their minimum wages later in 2021. Florida’s workers will get one of the biggest raises, after voters […]

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Illinois sees worst population decline since World War II

[Illinois Policy] Even subtracting COVID-19 deaths, Illinois still suffered its largest population drop in modern history in the first year of Gov. J.B. Pritzker’s fiscal policies, including 20 new tax and fee hikes, as well as his pandemic response. Illinois recorded a seventh straight year of population loss, but the drop was historic – 79,487 […]

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Here’s the case for Elon Musk, Warren Buffett and the rest of America’s billionaires sending $3,000 stimulus checks to everybody

[MarketWatch] The 651 billionaires in the U.S. have seen their collective wealth grow by more than $1 trillion over the past nine months “The rich get richer” doesn’t even begin to truly capture what’s been happening across the United States during the coronavirus pandemic. According to Americans for Tax Fairness and the Institute for Policy […]

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The 5 Biggest Threats to the Stock Market in 2021

[The Motley Fool, Getty Images] Is another big crash on the horizon? In 25 days, one of the wildest years on record for the stock market will come to a close. In no particular order, the investing community has witnessed: The fastest bear market decline of at least 30% in history.The quickest rebound from a bear market […]

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U.S. Job Market Slowed Further in November

[The New York Times] U.S. employers added 245,000 jobs in November, a fifth month of tapering, amid a coronavirus surge. The American economic recovery continues to slow, stranding millions who have yet to find a new job after being thrown out of work by the coronavirus pandemic. The latest evidence came Friday when the Labor Department […]

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Nearly one-third of NY, NJ small businesses reportedly closed in 2020

[New York Post] It has been a bad year for ma and pa. Nearly one-third of small businesses in New York and New Jersey remain closed since January amid the coronavirus pandemic, according to a watchdog. In the Empire State, 27.8 percent of small businesses have not reopened their doors, while Jersey has lost 31.2 […]

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