Sunday, 20 Jun 2021

Commerce Secretary Gina Raimondo says no 'hardwire deadline' on infrastructure deal

Herald afternoon quiz: June 6

Test your brains with the Herald’s afternoon quiz. Be sure to check back on nzherald.co.nz for the morning quiz tomorrow.

To challenge yourself with more quizzes, CLICK HERE.

Apple employees bash new policy cutting work-from-home time

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Apple employees are up in arms over a newly announced policy that would cut their work-from-home time beginning in the fall, according to a report.

Staff members on Friday began circulating a letter addressed to CEO Tim Cook slamming the mandate, which requires them to go back to the office for three days a week starting in September, The Verge reported.

The letter said that Apple’s so-called “remote/location-flexible work policy,” and how it was communicated to workers, had “already forced some of our colleagues to quit,” according to the outlet.

“Without the inclusivity that flexibility brings, many of us feel we have to choose between either a combination of our families, our well-being, and being empowered to do our best work, or being a part of Apple,” the note read.

The move comes days after Cook sent out his own note to employees, letting them know that they would have to go back to the office on Mondays, Tuesdays and Thursdays. Most employees would be allowed to continue working remotely twice a week.

Prior to the coronavirus pandemic, Apple discouraged employees from working from home at all, the report said.

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This couple retired at 38 in 1991. Here’s how they’ve kept over $1 million in savings

Billy and Akaisha Kaderli retired in 1991 at the age of 38.

The couple, now 68, have watched their nest egg grow from $500,000 to more than $1 million, while still managing to fund their lifestyle.

The strategy they use is pretty simple: Track every dollar you spend, and invest in index funds and ETFs.

Check out this video to learn more about the five budgeting techniques these retirees use to grow their money.

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox.

CHECK OUT: Grow with Acorns+CNBC.

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Denver weather quiz: Test your knowledge of Mile High City meteorological history

The weather we see here in Denver and along the Front Range of Colorado attracts meteorologists and weather enthusiasts alike due to the extreme variety we get. And since the weather is followed so closely by so many, a lot of people claim to be know-it-alls when it comes to Denver’s weather history.

Well let’s see if you can answer some of the weather questions about the Mile High City.

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Bitcoin miner CEO: Industry is moving toward carbon neutral

Atlanta (CNN Business)El Salvador will become the first county to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in a video recording shown during the Bitcoin 2021 conference held in Miami.

“Next week I will send to congress a bill that will make bitcoin a legal tender,” Bukele said, according to the conference’s organizer, Bitcoin Magazine.
Bukele said El Salvador partnered with digital finance company Strike to establish the logistics of the decision.

    “Over 70% of the active population of El Salvador doesn’t have a bank account. They’re not in the financial system,” Strike CEO Jack Mallers said. “They asked me to help write a plan and that they viewed bitcoin as a world-class currency and that we needed to put together a bitcoin plan to help these people.”

      El Salvador currently uses the United States Dollar as its official currency.

      Commerce Secretary Gina Raimondo says no 'hardwire deadline' on infrastructure deal

      Infrastructure negotiations between the White House and Republicans continue on Monday with the two sides still very far apart on how much to spend and how to pay for it, but Secretary of Commerce Gina Raimondo is broadening the timeline to strike a deal saying Sunday that there is no “hardwire deadline.”

      “This is not do or die,” she told ABC “This Week” anchor George Stephanopoulos. “The practice of legislating is much more art than science.”

      President Joe Biden on Friday held his latest conversation with Sen. Shelley Moore Capito, who is leading negotiations for Republicans. Speaking over the phone, he turning down the GOP’s latest offer because it didn’t meet Biden’s “objectives to grow the economy, tackle the climate crisis, and create new jobs,” White House press secretary Jen Psaki said in a statement.

      The most recent offer from Biden is $1 trillion in new spending, while the Republican counteroffer of nearly $980 billion only includes roughly $300 billion in new infrastructure spending, a substantial difference.

      Also causing friction is how to pay for it all. Biden sidestepped his initial call for raising the corporate tax rate to 28% from these negotiations and has proposed creating a minimum 15% corporate tax rate, while Republicans want it funded through user fees, which the White House has said they will not agree to.

      This is a developing news story. Please check back for updates.

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