Business Week: Work surge

Good morning and happy Easter. Here’s a top business and technology story you need to know in the coming week. — Charlotte Cowls

employer A whopping 916,000 jobs were added in March, More than doubled employment growth in February. Many employers were engaged in hospitality and construction, inspired by the surge in vaccination and a new round of federal aid. (The spring weather wasn’t bad either.) Other good news is Wall Street Record high last week, The S & P 500 Index closed over 4,000 for the first time.

President Biden makes his proposal Huge infrastructure packageHe called it “the largest US employment investment since World War II.” It’s also expensive, costing about $ 2 trillion over eight years. The plan aims to repair thousands of old bridges, roads and plumbing systems to improve commuting time and drinking water.It also includes $ 100 billion Providing broadband internet to rural areas Fight against uneven Wi-Fi.And it invests heavily in green initiatives such as: Electric vehicles and more efficient energy grids..But the proposal is facing A tricky road through Congress, As a Republican Opposition to corporate tax increase Mr Biden says he will pay for it.

Anyone with a federal student loan didn’t have to pay them for about a year. But those with private student loans haven’t taken a break until now.Ministry of Education Temporarily stop collecting payments Approximately 6 million loans, made through the Federal Family Education Loan Program, are currently private. There is a pitfall: only the defaulted borrower will get the amnesty. The move also temporarily prevents default people from being given their wages or foreclosures of tax refunds by collectors, and foreclosed refunds or wages taken after March 2020. return.

The aviation industry showed some promising signs of life last week. Almost a year after dormancy, Domestic vacation reservations are back..United Airlines Hire a pilot againStart with someone who had a conditional job before the pandemic, or who had a postponed start date after travel restrictions were set. Delta is the last major holdout to block the central seat to secure space between passengers. Resume middle seat reservation in May.And finally, the low-cost carrier Frontier Airlines Published, A sign that a rebound is expected.

A huge container ship moored on the Suez Canal after 6 days of drilling and towing, and a boost from the full moon Released,and The waterway has reopened.. However, the spillover effect of the blockage can be felt for several weeks.Stuck boat Prevented $ 10 billion in cargo Within a day of moving the canal, the Egyptian government lost up to $ 90 million in toll revenue. Who will pay the damages? Insurance companies, government officials, and a fleet of lawyers all sort out who is financially responsible (probably the Japanese owner of a deadlocked ship) and how much they are responsible. I will.

Fuel demand is rising as the global economy begins to move again. And there were some questions about whether oil producers would increase their supply to meet that demand. If they choose not to do so Gas can be up to $ 4 per gallon By this summer — it’s not always welcome news for anyone trying to commute by car.But OPEC and its allies said last week that they Agreed to gradually increase production Prices need to stabilize for the next three months.

Coca-Cola and Delta Air Lines are two companies that have made significant mark in Georgia and have joined more than 70 black executives from across Georgia. Remarks against the new state law Restrict voting access.New York prosecutor Summoned a personal bank record As part of an investigation into the business practices of former President Donald J. Trump and his family company by Allen H. Weisselberg, Chief Financial Officer of The Trump Organization.And a group of doctors have Insurance giant United Healthcare sued He accused it of curbing competition and hurting their business.

Business Week: Work surge

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