WEF said there is βno evidence of material wrongdoingβ by founder Klaus Schwab, acknowledging only βminor irregularitiesβ tied to βblurred lines between personal contributions and forum operations.β
The board appointed Larry Fink of BlackRock and AndrΓ© Hoffmann of Roche as interim co-chairs.
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The board appointed Larry Fink of BlackRock and AndrΓ© Hoffmann of Roche as interim co-chairs.
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TODAY: $BTC has closed above $100K for 100 days in a row
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American doctors, after spending thousands on their education, can now be replaced by doctors from Pakistan or Uganda
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The Justice Department sued California to stop its new emissions rules on heavy-duty trucks, claiming federal law takes precedence after EPA waivers were overturned
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Pakistan Independence Day celebrations in Birmingham, UK on August 14th
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Are we on the verge of a generational jobs crisis?
The 3-month average youth underemployment rate jumped to 17% in July, the highest since 2020.
This metric includes unemployed individuals aged 16β24.
Now, the youth underemployment rate has climbed by ~5 percentage points over the last 2 years.
This is nearly in line with the peak during the 2001 recession and the early stages of the 2008 Financial Crisis.
This also signals the US labor market could weaken further, with young workers typically the first to feel the impact when the economy turns.
The job market is rapidly deteriorating.
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The 3-month average youth underemployment rate jumped to 17% in July, the highest since 2020.
This metric includes unemployed individuals aged 16β24.
Now, the youth underemployment rate has climbed by ~5 percentage points over the last 2 years.
This is nearly in line with the peak during the 2001 recession and the early stages of the 2008 Financial Crisis.
This also signals the US labor market could weaken further, with young workers typically the first to feel the impact when the economy turns.
The job market is rapidly deteriorating.
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Gun permit wait in DC slashed from months to days under Trumpβs crime crackdown
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New Orleans Mayor LaToya Cantrell has become the first sitting mayor in the cityβs history to be federally indicted, facing charges of conspiracy, wire fraud, obstruction of justice, and lying to a grand jury
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