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  1. Rewind is offline
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    Joined: Oct 2017 Location: Glendale CA Posts: 12,033
    03-09-2022, 12:46 AM #21
    In 2006, the Republican-led Congress passed the Postal Accountability & Enhancement Act, which required the Postal Service to set aside as much as $6.6 billion a year to pre-fund retiree health benefits for 50 or more years in advance. No other agency ever had such a burdensome requirement – and 2006 was the last year the Postal Service showed a profit. That mandate is now abolished.

    Senate passes bill overhauling the US Postal Service
    CNN, Mar 8 2022 10:20 PM ET

    The Senate today passed sweeping bipartisan legislation to overhaul the US Postal Service's finances and allow the agency to modernize its operations. The final vote was 79-19. The bill now heads to President Joe Biden's desk for his signature. The Postal Service Reform Act – which cleared the House last month by 342-92 would require retired postal employees to enroll in Medicare when eligible, while dropping a previous mandate that forced the agency to cover its health care costs years in advance. Those two measures would save the USPS nearly $50 billion over the next decade, according to the House Oversight Committee. The legislation will also require the USPS to create an online dashboard with local and national delivery time data.

    https://www.cnn.com/2022/03/08/polit...ill/index.html

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    03-10-2022, 05:28 PM #22
    Following Amazon's announcent of a 20-for-1 stock split, shares of Amazon closed today at 2,936.35, a gain of 150.77 (5.41%). The split will make Amazon stock more affordable for the average investor. On May 15, 1997, when Amazon first sold shares to the public, a share cost $18.

    Amazon stock has its second-best day of 2022 on planned 20-for-1 split

    https://www.cnbc.com/2022/03/10/amaz...r-1-split.html

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    03-15-2022, 10:24 PM #23
    Looking to expand its global technology business, Walmart will hire more than 5,000 software developers, software engineers, data scientists, product managers, technical program managers and cybersecurity experts. Shares of Walmart closed today at 145.78, a gain of 1.73 (1.2%).

    Walmart to hire more than 5,000 workers, add two new hubs

    https://www.reuters.com/business/ret...bs-2022-03-15/

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    03-17-2022, 08:19 PM #24
    Starbucks plans to give customers "easy access" to reusable cups. Does that mean the cups will be free of charge? I'm guessing no.

    Starbucks plans to phase out paper cups in the US and Canada

    https://www.npr.org/2022/03/16/10868...u-s-and-canada

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    03-21-2022, 04:00 PM #25
    Gasoline prices hit a record high last week. Inflation is at a 40-year high. And, as the expression goes, things will get worse before they get better.

    Sky-high shipping costs could keep prices surging until mid-2023

    https://www.businessinsider.com/ship...-crisis-2022-3

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    03-25-2022, 04:34 PM #26
    In his 1821 essay In Defence Of Poetry (published posthumously in 1840), poet Percy Bysshe Shelley wrote, "The rich get richer and the poor get poorer." That is still true.

    Wall Street bonuses jumped 20% last year, more than triple the average worker's raise

    https://www.businessinsider.com/wall...creased-2022-3

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    03-28-2022, 11:46 PM #27
    "Some"? Why not all?

    Walmart will stop selling cigarettes in some stores

    https://www.cnn.com/2022/03/28/busin...ail/index.html

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    04-02-2022, 01:17 AM #28
    The Forum, an indoor arena in Inglewood, California, opened in December 1967. It was home to the Lakers and the Los Angeles Kings from 1967 to 1999 and the Los Angeles Sparks from 1997 to 2001. The Forum will host the gymnastics events for the 2028 Summer Olympics. South Korean automobile manufacturer Kia has purchased the naming rights from Forum owner (and Clippers owner) Steve Ballmer.

    The Forum has a new name

    https://www.latimes.com/business/sto...ng-rights-deal

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    04-02-2022, 05:47 PM #29
    On average, Alaska Airlines pilots make $341,000 a year. They want more.

    Alaska Airlines cancels dozens of flights as pilots picket

    https://www.cnn.com/2022/04/02/busin...ons/index.html

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    04-08-2022, 07:21 PM #30
    More and more people are shopping online – and fewer and fewer people are shopping in malls. Paris-based Unibail-Rodamco-Westfield owns and/or manages 70 malls in Europe and the UK and 24 in the United States. All the US locations are being put up for sale.

    Westfield malls go up for sale as US shoppers find other places to buy

    https://www.latimes.com/business/sto...-places-to-buy

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