Business - Page 29

Facebook Whistleblower Exposes Misinformation Failures

By Tara Subramaniam, Facebook’s week is off to a tumultuous start. On Monday, Facebook, WhatsApp and Instagram went down for about six hours. On Tuesday, Frances Haugen, the Facebook whistleblower, testified before a Senate subcommittee, following the release of thousands of pages of internal research and documents. Haugen, the 37-year-old former Facebook (FB) product manager who worked on civic integrity issues at the company, revealed her identity during a “60 Minutes” segment that aired Sunday night. She has reportedly filed at least eight whistleblower complaints with the Securities and Exchange Commission alleging that the company is hiding research about its shortcomings from investors and the public.

Facebook Outage Disrupts Global Services for 6 Hours

By Clare Duffy and Sean Lyngaas, Around six hours after Facebook, WhatsApp and Instagram went down, service started coming back online, though coverage was still spotty. Facebook, Instagram and WhatsApp all suffered outages midday Monday, according to public statements from the three Facebook services. Outage tracking site Down Detector logged tens of thousands of reports for each of the services. Facebook’s own site would not load at all; Instagram and WhatsApp were accessible, but could not load new content or send messages. The outage came amid mounting difficulties for the company. At a Senate hearing on Sept. 30, Sen. Richard Blumenthal pressed Facebook global

US Nears Debt Default as October 18 Deadline Looms

By Matt Egan, The United States could be just weeks away from defaulting on its debt for the first time ever. The $28.4 trillion debt limit was reinstated August 1. Since then, Treasury Secretary Janet Yellen has been keeping the nation’s finances afloat by using emergency accounting maneuvers. Known as “extraordinary measures,” these steps allow the government to borrow additional funds without breaching the debt ceiling. But Yellen warned lawmakers this week that if Congress fails to raise, or suspend, the debt ceiling, the federal government will exhaust those extraordinary measures by October 18. “At that point, we expect Treasury would be left with

Howard MBA Ranks Top 25, No. 3 for Diversity Nationwide

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Written by Misha Cornelius The Howard University School of Business received its highest rankings yet on Bloomberg Businessweek’s list of best business schools. The 2021-22 list published in September ranked Howard University’s Master of Business Administration (MBA) program the No. 23 top business school in the U.S. The school also received the No. 3 ranking on the list’s new diversity index. “It is an honor to be recognized and consistently ranked among the top business schools by Bloomberg Businessweek,” said Howard University School of Business Dean Anthony Wilbon, Ph.D. “This year, we received our highest ranking yet, and it is a reflection of the hard work

Kamala Harris Interview Disrupted by False Covid Scare

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By Oliver Darcy, The office of Vice President Kamala Harris is vexed with “The View” after the false Covid-19 positive tests revealed just before Harris was to appear on the show last week sent the program into chaos, people familiar with the matter told CNN on Tuesday. One of the people explained that Harris’ office required the hosts of “The View” to take a PCR test within 24 hours of the interview. That person said that a representative of the ABC talk show suggested the night before Harris’ appearance that the tests had come back negative. Harris and her staff didn’t learn

Walmart Reports Growth in Diversity and Black Leadership

By Chauncey Alcorn, People of color made up more than 55% of new hires at Walmart between February and July of this year and now occupy more than 25% of the retailer’s officer positions, according to the company’s website and its latest diversity, equity and inclusion report released Friday. That includes at least two African-American officers who joined the company this summer, the company confirmed on Saturday. Chief medical officer Dr. John Wigneswaran in July became one of the latest Black senior or executive level manager to be hired by Walmart. In June, Walmart also hired Capitol One Canada president Jennifer R. Jackson who

Howard, Karat Tackle Interview Access Gap for Black Engineers

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By Howard Newsroom Staff WASHINGTON –  Researchers from Howard University and Karat, the world’s leader in technical interviewing, today released new research exploring key factors that can help more Black software engineers enter the tech industry and excel in their careers. According to the U.S. Bureau of Labor Statistics, Black engineers comprised just 6 percent of all computer programmers in the U.S. in 2020, and this research shines a light on the challenges and opportunities that exist to improve representation. The Interview Access Gap for Black Engineers identifies a number of socioeconomic and systemic barriers young Black talent face to get jobs in tech. The

Many Workers Exempt from Biden’s COVID Vaccine Mandate

By Chris Isidore, Some 80 million private sector employees will be required to get a Covid vaccine or weekly Covid test under the federal rules announced by President Joe Biden last week. But don’t assume that the workers you come in contact with every day will be covered by the mandate, which only applies to businesses with 100 or more employees. In addition to those 80 million workers, there are another 43 million employees who work at companies that employ fewer than 100 people — and who are not covered by that federal mandate. For example, most fast food restaurants are independently-owned franchises,

How America’s Workforce Has Changed Over 40 Years

By Alicia Wallace, America’s workforce is considerably older and more diverse than it was 40-some years ago. Federal labor economists recently analyzed federal labor data to see just how much the nation’s labor force has changed in recent decades, according to a Sept. 1 blog post on the US Bureau of Labor Statistics site. In examining the Consumer Population Survey data, the economists looked “peak to peak,” zeroing in on 1979 and 2019 — two high points of employment and economic activity. Here’s a quick look at how the American labor force has changed and some of the reasons behind the

Millions Lose Pandemic Unemployment Aid as Benefits Expire

By Tami Luhby April Stokes wants to go back to work. An optician by trade, Stokes was employed at Henry Ford OptimEyes until the coronavirus struck and school closed for her two young children. The family has been able to ride out the pandemic thanks to expanded federal unemployment benefits, which provided them with $1,152 every two weeks — much less than Stokes was making before, but enough to survive. Now, however, that vital lifeline has ended. Stokes isn’t worried about her ability to find a new job, but finding one that can accommodate her children’s schedules will be “next to impossible,”

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