ProfMagyar

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Starbucks Just Gave Big Raises to 150,000 of Its Workers

<b>Starbucks</b> (SBUX) is moving quickly to silence concerns among employees over slashed hours and poor working conditions. On Monday, the coffee giant …

Employment

Starbucks giving every US employee a raise is part of the biggest economic story in America

Enter Starbucks.<p>In a letter sent to employees on Monday, Starbucks CEO Howard Schultz outlined numerous company-benefit initiatives that would take effect later this year.<p>Among them is that Starbucks will be giving all of its US employees a raise of at least 5% effective October 3.<p>The company is …

Howard Schultz

Negative Swiss 50-year bond yields just shattered the global insecurity barometer

National treasury bonds are the safe option in times of global turmoil, and the more uncertain things are, the more people buy them, and the higher …

Economics

Infection experts warn of more U.S. superbug cases in coming months | Reuters

NEW YORK (Reuters) - After two confirmed U.S. cases of a superbug that thwarts a last-resort antibiotic, infectious disease experts say they expect more cases in coming months because the bacterial gene behind it is likely far more widespread than previously believed.<p>Colonies of E. coli bacteria …

Starbucks U.S. employees to get at least 5% raise

All Starbucks store employees and managers in the U.S. are in for at least a 5% raise starting in October as part of a series of workplace changes announced by CEO Howard Schultz on Monday.<p>Employees with at least two years of service will also now be eligible for double the amount of stock award in …

What Starbucks' Pay Raises Can Tell You About the U.S. Economy

Other companies might also be ready to make the same strategic move. Here's why.<p>Stop me if you've heard this before: Higher wages are coming to America.<p>Enter Starbucks.<p>In a letter sent to employees on Monday, Starbucks CEO Howard Schultz outlined numerous company-benefit initiatives that would take …

payraises

A 'slow catastrophe' unfolds as the golden age of antibiotics comes to an end

In early April, experts at a military lab outside Washington intensified their search for evidence that a dangerous new biological threat had penetrated the nation's borders.<p>They didn't have to hunt long before they found it.<p>On May 18, a team working at the Walter Reed Army Institute of Research …

Microbiology

Climate tipping points: What do they mean for society?

From the “no tipping points observed, though many have been predicted” department and Rutgers University<p><i>Rutgers and Harvard scientists lay out</i> …

Google Entangles Minecraft with Quantum Physics - MIT Technology Review

One reason for the popularity of the video game Minecraft is the way its blocky universe faithfully adheres to the physics of the real one. Google …

Dividend Growth Investors, Consider Starbucks

The dividend growth formula (something I just made up) is pretty simple. There are only two parts: current dividend yield and potential dividend growth. The best stocks score high on both, but those are few and far between. More often, investors have to make compromises, and in those cases I prefer …

Physicists Think They Might Have Just Detected a Fifth Force of Nature

Physics can be pretty intense at times, but one of the most straightforward aspects is that everything in the Universe is controlled by just four …

Simple brain hack from Harvard can stop you forgetting important tasks

But Harvard University has uncovered a simple ‘brain hack ’ to bring back those forgotten to-do lists - the mental equivalent of tying a piece of …

Soros Fund Management doubles bet against the S&P 500 in first quarter | Reuters

NEW YORK (Reuters) - Billionaire investor George Soros, who has been warning that the 2008 financial crisis could be repeated due to China’s economic slowdown, on Monday disclosed his doubled wager against the S&P 500 in the first quarter.<p>Soros Fund Management said it owned a 2.1-million-share …

Dahr Jamail | As Climate Disruption Advances, UN Warns: "The Future Is Happening Now"

Recent studies have shown that the melting of ice is compounding itself, generating dramatically fast increases in both melting and sea level rise. …

Global Warming

The Revenge of Gordon Chang and the Coming Collapse of China?

<b>REPRINTED WITH PERMISSION OF THE NATIONAL INTEREST</b><p>In July of 2001, Gordon Chang predicted an inevitable meltdown of the Chinese Communist Party in his best-selling book The Coming Collapse of China. Since that time, China's economy has increased by more than 8-fold to surpass even the United States …

Bernie Sanders isn’t a radical: Noam Chomsky is exactly right regarding how mainstream Bernie’s policies really are

The idea that Sanders is an extremist is patently false — it’s the Republican movement that’s radical<p>Lost in the discussions about Bernie Sanders's “socialism” is an obvious and important fact: What he's actually proposing is not only not radical – it's mainstream. Sanders decided not to dodge the …

Just 1 Minute of Intense Exercise Rivals The Benefits of a 45-Minute Workout

Your excuses are irrelevant.<p>If you’re like most Americans, Australians, and Brits, you’re not getting nearly enough exercise, and we probably don’t …

Research

These 4 charts are evidence the US economy is falling apart

My college-aged kids love him. I'm not talking about Stephen Curry or Justin Bieber (although they love them too); I'm talking about Bernie Sanders.<p>Whether you support him or not, my guess is that most Americans my age are very surprised about his popularity. However, it shouldn't be a surprise …

How do negative interest rates work? The IMF explains

We support the introduction of negative policy rates by some central banks given the significant risks we see to the outlook for growth and …

This is the business model needed to master the Fourth Industrial Revolution

In the first article of a series that will be published over the coming year, authors Barry Libert, Megan Beck and Jerry (Yoram) Wind explore why …

The Pain You Feel is Capitalism Dying

It can be very confusing to know that you won’t find a decent job, pay off student loans or put in a down payment on a house in the next few …

The Faith Is Gone: The Middle Class Flees The Market As Record Low Number Of Americans Own Stocks

Three recurring laments heard in the corridors of the Marriner Eccles building are why, with stocks at record highs after levitating in more or less …

Stock Markets

The GOP vs. the pursuit of knowledge: Inside the Republican crusade against science

Republicans have increasingly not just alienated scientists, but have even worked to destroy their field<p>Why are scientists so much more likely to identify as Democrats? While there are many explanations for why scientists reject the Republican party, we propose a rather simple one: Scientists have …

Everlast Blasts Donald Trump for Using ‘Jump Around’ at Rallies

Rapper Everlast has threatened to hit Donald Trump with a cease and desist order for using “Jump Around,” his 1992 hit with House of Pain, at …

Donald Trump

Wall Street is wagering that the ‘great dollar correction’ is just beginning

Is the dollar in the midst of a “great correction”? Or is this the new normal?<p>Increasingly, market strategists and investors seem to be betting on …

Interest Rates

Two Strategies for Surviving the Coming Mass Extinction

We’re all gonna die, but here’s how to die less soon.<p>The next Great Dying is coming. In fact, it's definitely already here.<p>The last time our planet saw a dying-off of global proportions was approximately 250 million years ago, and most of the life on Earth was wiped out for good. Plants, land and …

Supercar Mad Scientist Christian Von Koenigsegg Explains Why Gravity Doesn't Make Sense

Christian Von Koenigsegg is a lucky man. His unconventional ideas about automotive engineering—pioneering FlexFuel, camless engines and gearless …

How the world's currencies got their names

From country to country, monetary units vary nearly as much as the cultures and languages that use them. But have you ever wondered why a dollar is …

South Sudan

The Panama Papers show something Bernie Sanders gets right about the economy

Throughout the 2016 primary campaign, Bernie Sanders has distinguished himself as an opponent of the pro-globalization consensus that characterized the administrations of both Bill Clinton and Barack Obama. Typically this consensus is framed in terms of trade, but global economic integration is …

Economics

Could Depression Be an Allergic Reaction?

Most people are still locked into the theory that depression is caused by a chemical imbalance in the brain — a shortage of feel-good …