Forgive me, this is embarrassing. All the noise, we just need to turn off. Listen to this, this is it. We're all just sitting there, screaming and yelling at each other, everybody's getting at each other's throats, trying to tear everybody down, and how are we going to get out of this? This is it.
At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.
Cash transforms health when four particular conditions are met. Most U.S. cash-transfer pilots have lacked them. But one major American policy does come close: the federal food-assistance program SNAP. Its success offers a road map for what effective cash assistance can look like in this country, if we choose to build on it.
Workplace wellness programs have exploded over the past decade or so, with companies rolling out a suite of subsidized perks, such as gym discounts, mental health apps, and other benefits aimed at attracting and retaining workers. The pandemic upped the ante even more - in the face of a tight labor market and a hyper-stressed workforce, plenty of business leaders looked around and thought, "Well, a Zoom meditation session can't hurt, right?"
California's booming economy is one of the world's largest, but a peek behind the curtain exposes the forbidding reality of a statewide job market that is ranked as one of the nation's worst. There's no sugarcoating the situation in California. Our economic growth is weak compared to other states, said Jeff Bellisario, executive director of the Bay Area Council Economic Institute.
On Wednesday, the government reported that U.S. employers added a surprisingly strong 130,000 jobs in January and the unemployment rate fell to a still-low 4.3% from 4.4%. However, government revisions cut 2024-2025 U.S. payrolls by hundreds of thousands. That reduced the number of jobs created last year to just 181,000, a third of the previously reported 584,000 and the weakest since the pandemic year of 2020.
A letter writer takes issue with the GOP Chairman of Santa Cruz's lament that Gavin Newsom and California Democrats have sabotaged state legislation that would have eliminated taxes on tips for low-wage heroes like servers and bartenders. Her complaint is that Republicans blocked legislative efforts to raise California's minimum wage, implying that if Republicans really cared about workers, they would support a higher minimum wage.
The government is to roll out a new £1bn-a-year support scheme designed to give people on low incomes direct access to emergency cash when they face sudden financial shocks. The Crisis and Resilience Fund, which launches in April, will run for an initial three years and replace the temporary Household Support Fund that has been extended repeatedly since its introduction during the pandemic in 2021.
Ben Casselman reporting for the New York Times: The Bureau of Labor Statistics will not release monthly jobs numbers on Friday as scheduled because of the partial government shutdown, said Emily Liddel, an associate commissioner for the bureau. The report, one of the most closely watched economic indicators each month, would have provided data on job growth, unemployment and wages in January, as well as annual revisions to employment estimates from 2024 and 2025.
