WHAT YOU NEED TO KNOW
- American billionaires added $2.1 trillion to their fortunes during the pandemic, a new report found. The Institute for Policy Studies and Americans for Tax Fairness tracked billionaires’ gains since March 2020, noting their wealth grew by 70%. Tesla CEO Elon Musk saw the biggest gains, surpassing former Amazon CEO Jeff Bezos as the richest person in the world.
- The wealthiest 10% of Americans own a record 89% of all US stocks – CNBC
- Everyone Feels Like They’re Being Left Out of the Global Pandemic Recovery – Bloomberg
- America’s Cash Glut – The New York Times
- American Express will allow employees to work anywhere they want for up to four weeks a year, the credit card giant’s CEO announced in a memo to staff Monday. The effort comes as part of the company’s push to offer greater flexibility. A survey conducted earlier this year found that roughly a fifth of AmEx staff voted to work completely remote.
- Revisiting location-based pay in this era of remote work – MarketPlace
- @blsuth : AmEx will let employees work from wherever they want for at least four weeks a year. Worth noting that this is a trend that airline CEOs have flagged as a possible boon to business travel. Is working from wherever the new conference?
- Washington State University fired its head football coach following his refusal to get vaccinated against COVID-19, the school announced. Coach Nick Rolovich, whose salary of $3.1 million made him the highest-paid public employee in Washington, was dismissed as a state vaccine mandate was set to go into effect. Longtime ESPN reporter Allison Williams left the network after ESPN denied her request for accommodation to not get the vaccine.
- ‘Eye-opening moment’: City leaders, police departments push back over impending COVID vaccine mandates – USA Today
- Police in Chicago, Seattle, LA, oppose vaccine mandates for public employees – NPR
- @ColeHarvey: From this morning’s @SportsCenter, a recap of the vaccination decision that led to Washington St coach Nick Rolovich losing his job Monday. AD Pat Chun: “To be at this juncture is unacceptable on so many levels and antithetical to the WSU experience our athletes richly deserve.”
- Former Secretary of State Colin Powell died Monday due to complications from COVID-19 amid an ongoing battle with cancer. Powell was the first Black secretary of state and the former chairman of the Joint Chiefs of Staff. Powell suffered from multiple myeloma, a blood cancer that studies show can make the shots less effective. One study found that only 45% of patients with active multiple myeloma developed an “adequate” immune response after being vaccinated.
- Gyms and fitness studios are seeing a rise in check-ins, according to the International Health, Racquet, and Sportsclub Association. Check-ins were 13% lower than the number recorded pre-pandemic, but the IHRSA noted these numbers will likely increase as nearly half of those who canceled their gym or fitness passes say they plan to rejoin in the next six to 12 months. About 22% of gyms permanently closed their doors during the pandemic.
“Remote Work Persisting and Trending Permanent” – Gallup / Source: Gallup panel
- Turbine Labs has tracked 21,106 media articles and blogs and 13,659 social media posts over the last 24 hours.
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