102 episodes

How is your organization emerging from the pandemic? Are you returning to the office, working remotely, or trying a hybrid format? Turbine Labs’ Daily 3 minute "The Future of Work Briefing" singles out the most impactful return to work, economic recovery, and related headlines powered by our AI platform, so you are guaranteed essential information to start your day.

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The Future of Work Turbine Labs

    • News

How is your organization emerging from the pandemic? Are you returning to the office, working remotely, or trying a hybrid format? Turbine Labs’ Daily 3 minute "The Future of Work Briefing" singles out the most impactful return to work, economic recovery, and related headlines powered by our AI platform, so you are guaranteed essential information to start your day.

Prefer to read your headlines? Try our daily newsletter, delivered straight to your inbox: https://turb.la/3ATIaEX

Curious about a different topic? Learn more about our products and services at: https://turbinelabs.com/

    Microsoft says hundreds of US networks targeted by latest Russian cyberattack - October 25, 2021

    Microsoft says hundreds of US networks targeted by latest Russian cyberattack - October 25, 2021

    U.S. stock futures edged slightly higher Monday as the five largest U.S. tech companies plan to report earnings this week, starting Monday with Facebook. Energy stocks have also continued to surge, challenging climate-conscious money managers who are now missing out on the world’s hottest stocks.
    Top Wall Street analysts see upside in these stocks as earnings season continues - CNBC
    From doom to boom, energy stocks power out of COVID shock - Reuters
    @DaisyMaxey: U.S. stock futures creep lower; SandP 500 on course to break seven-day winning streak; American Express and Honeywell International among the companies set to report earnings ahead of open #stocks #stockstowatch #investing
    Microsoft said Nobelium, the Russian-based agency behind the SolarWinds cyberattack, targeted hundreds more “resellers and other technology service providers” in its latest wave of attacks on U.S.-based computer systems. In a blog post, Microsoft said the attacks were part of a broader campaign over the summer that affected hundreds of Microsoft customers. The attacks come only months after President Joe Biden imposed sanctions on Moscow in response to a series of spy operations, hoping to limit cyberattacks.
    Russian SolarWinds hackers have a new target: the global tech supply chain - Fortune
    @carlquintanilla: “While we are clear-eyed that nation-states, including Russia, will not stop attacks like these overnight, we believe steps like the cybersecurity executive order in the U.S., .. have put us all in a much better position to defend against them.” $MSFT
    Corporate giants including Nestlé, Verizon and Procter and Gamble are betting consumers will continue to pay more for their products if they keep raising prices into 2022, offsetting fast-growing costs amid the supply-chain crisis. So far, price increases have paid off for makers of household staples, but some analysts question whether shoppers will start to seek cheaper, off-brand alternatives. A key measure of investors’ inflation expectations suggested the consumer-price index will rise by an annual average of 2.64% over the next decade, adding to concerns about rising consumer prices.
    Changing the inflation conversation - Axios
    There's No 'Supply-Chain Shortage,' Or Inflation. There's Just Central Planning - Forbes
    @MichaelRStrain: Consumer spending on goods was 15 percent higher in August than February 2020 (the month before the lockdowns began), and has been as much as 20 percent higher.
    The shortage of child-care workers continues to disrupt the U.S. workforce, sidelining the careers of women who would otherwise remain in the labor force. Household survey data showed more than seven million adults made personal adjustments within the past month when their children under 5 were unable to attend daycare due to safety concerns. Nearly one-third of parents with safety-related daycare interruptions used paid leave to care for their kids.
    House passes biz-backed bill adding protections for nursing moms - Reuters
    3 ways to fix the vicious cycle that's disrupting childcare and making the labor shortage worse - Insider
    @POTUS: Under my Build Back Better Agenda, parents will not have to pay more than 7% of their income in childcare. Think of the difference this is going to make in the lives of families across the country.
    The build-up of greenhouse gas concentrations in the atmosphere rose to record levels in 2020, proving the world is “way off track” on climate goals despite pandemic-related lockdowns that were thought would curb emissions, according to the World Meteorological Organization. The amount of CO2 is now 50% higher than before the Industrial Revolution sparked widespread fossil fuel burning, driving up temperatures in excess of the goals of the Paris agreement and complicating the task for governments to avert dangerous levels of warming.
    Why 25 Previous Conferences Have Failed to Stop Climate Change - The Washington Post
    Yes, There Has Been Progress on Climate. No,

    • 3 min
    Supply chain issues expected to impact holiday goods - October 22, 2021

    Supply chain issues expected to impact holiday goods - October 22, 2021

    Apple’s privacy change rolled out in April is beginning to disrupt the online ad market, hurting e-commerce players and creating challenges for tech companies. Snap cited Apple’s change as one reason it expects growth to slow in the current quarter. Snap shares fell 20% in after-hours trading after it made that disclosure in its earnings report.
    Facebook, Twitter and digital ad stocks drop sharply after Snap earnings - CNBC
    Snap tumbles, drags social media giants on Apple privacy tweak worries - Reuters
    @ericgarland: Facebook and Snapchat having trouble since Apple made it difficult for them to surveille you without a legal warrant. Well. GOOD.
    The Centers for Disease Control and Prevention officially endorsed booster shots for both the Moderna and Johnson and Johnson COVID-19 vaccines, approving the “mix and match” approach to the inoculations that means people do not need to match the vaccine they received for their initial vaccinations. The recommendations greatly expand access to the nearly 190 million people in the U.S. who are already fully vaccinated.
    Pfizer-BioNTech Booster Shot Restores Full Covid Protection - Bloomberg
    Beijing offering booster shots ahead of Winter Olympics - The Hill
    Poland to make COVID booster shots available to all adults - Reuters
    Real estate software and data firm VTS agreed to acquire an app company that aims to simplify office life by aiding in the booking of conference rooms, ordering food and getting through security. Though the majority of workers still haven’t returned to in-person work, the rate of workers returning to the office has been gradually increasing.
    Remote Work Can Be Better for Innovation Than In-Person Meetings - Scientific American
    To Get Ahead at Work, Lawyers Find It Helps to Actually Be at Work - The New York Times
    Want to Move to a New State But Keep Your Job? - Harvard Business Review
    Facebook is planning to change its company name next week to reflect its focus on building the metaverse and to pivot from being known primarily as a social media platform. The rebrand would likely position the blue Facebook app as one of many products under a parent company overseeing groups like Instagram and WhatsApp.
    Changing Facebook's name will not deter lawmaker or regulatory scrutiny, experts say - Reuters
    Facebook plans to hire 10,000 in Europe to build 'metaverse' - Associated Press
    Late Night Suggests a Few New Names for Facebook - The New York Times
    On top of ornaments, wreaths and items for presents caught up in America’s supply chain snarls, Christmas lights are in short supply this year. Americans are ordering an unprecedented amount of physical goods, partly due to stimulus checks, combined with clogged shipping ports and issues stemming from Asia. Supply chain bottlenecks have also increased shipping costs, forcing retailers to rethink the price of the Christmas lights they are able to get.
    Santa Claus Is Coming—But He’ll Skip Some Stores - The Wall Street Journal
    Christmas trees, sweaters, gifts in shipping mess: How supply chain issues will affect holiday shopping - USA Today
    @jdlahart: The Grinch didn't steal Christmas, and neither will retailers' supply-chain and labor woes.
    "CDC signs off on Moderna and Johnson and Johnson boosters and says people can get a shot different from their original one" - The Washington Post / Source: CDC


    CONTENT FACTS
    Turbine Labs has tracked 18,221 media articles and blogs and 17,219 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Monday, October 25, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 2 min
    Memes can mitigate pandemic-related stress, new study finds - October 21, 2021

    Memes can mitigate pandemic-related stress, new study finds - October 21, 2021

    Weekly jobless claims hit a pandemic-era low last week with first-time filings for unemployment insurance totaling 290,000 for the week ended Oct. 16, down 6,000 from the previous period. Economists had estimated an even 300,000. The tight labor market has employers reluctant to lay off workers, encouraging unemployment claims to trend near their lowest levels since the pandemic hit in the spring of 2020.
    Labor shortage, inflation pose political obstacles for Biden - The Hill
    Yellen on US labor shortage: Businesses may have to pay more, but it's 'good for workers' - Fox Business
    @MarkCavitt: UNEMPLOYMENT: A total of 14,256 Michiganders filed first-time jobless claims last week, a decrease of 4,457 claims from the previous week. Only Texas and California had more residents file first-time unemployment claims last week (15,657 and 80,707).
    Investing became an opportunity that attracted new entrants amid the financial crisis spurred by the pandemic, many of whom were women. Female customers at Fidelity Investments increased by almost 10% between February 2020 and February 2021, and the stock trading app Robinhood saw women on its platform quadruple.
    You may have always known women are good with money --- now research confirms it - MarketWatch
    Women investors are still outperforming men, study finds - CNBC
    America’s COVID-19 outbreak is improving, averaging a 22% drop over the past two weeks nationwide. Experts in the U.S. are cautiously optimistic, but a newly-discovered mutation of the delta variant is under investigation in the U.K. Russia also reported COVID-19 infections with a new coronavirus variant believed to be more contagious than the delta one.
    The UK has more new Covid-19 cases than France, Germany, Italy and Spain combined - CNN
    What Colin Powell's death can and can't tell us about COVID breakthrough cases - NPR
    The pandemic reset the residential choices and aspirations of millions of Americans, prompting influencers to declare an “urban exodus”’ while others countered the name for the phenomenon as more of an “urban shuffle.” Populations in large cities fluctuated, with some urban areas gaining residents during COVID-19 and others losing residents. Experts conclude the pandemic reinforced and accelerated trends that were already underway, rather than creating new ones.
    How Working From Home Could Change Where Innovation Happens - The Wall Street Journal
    What I learned after running my startup while traveling for a year - TechCrunch
    Employee Perk: Work From a Company-Provided RV - PYMNTS
    Researchers discovered that those who viewed memes reported “higher levels of humor” and more positive feelings. Those who viewed memes that specifically referenced the pandemic also felt less stress than those who viewed non-pandemic-related memes. While experts say the pandemic is no laughing matter, they note that humor can be a powerful coping mechanism.
    Laughing through the pandemic: Seniors do comedy in Greenwich Village - AMNY
    Depression rates have tripled during the pandemic — how to recognize the signs and respond to them - CNBC
    @Clay_Masters: Was it really the memes we made along the way?
    "Covid means remote workers can live anywhere. So where’s 'anywhere'?" - Politico / Source: Census Bureau


    CONTENT FACTS
    Turbine Labs has tracked 20,064 media articles and blogs and 18,914 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Friday, October 22, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 3 min
    Retailers, manufacturers over-order amid supply chain panic - October 20, 2021

    Retailers, manufacturers over-order amid supply chain panic - October 20, 2021

    The Food and Drug Administration is planning to allow Americans to receive a different COVID-19 vaccine as a booster from the one they initially received. A recent federally-funded study found that recipients of Johnson and Johnson’s single-dose shot who received a Moderna booster saw their antibody levels rise 76-fold in 15 days, compared with only a fourfold increase after an extra dose of Johnson and Johnson.
    Booster shots could soon be recommended for people as young as 40, source says - CNN
    Will Giving COVID Booster Shots Make It Harder to Vaccinate the Rest of the World? - Scientific American
    @KizzyPhD: I remember when @oldmanebro asked me which vaccine I recommended very early on, and I replied “That’s like asking me to pick between Prada and Gucci.” Re: “mix and match” of boosters…If approved, and you are in the recommended groups…don’t get picky with your protection.
    New York City will require all city workers to be vaccinated against COVID-19 or risk losing their jobs, Mayor Bill de Blasio announced. More than 65% of New York City’s residents are fully vaccinated, well above the national average of 57%. Thousands of unvaccinated workers across the U.S. are facing potential job losses as more states, cities and private companies enforce mandates for inoculation.
    Nearly 1,900 Washington state workers quit or are fired over COVID vaccine mandate - The Seattle Times
    Southwest Airlines will keep workers on the jobs who apply for vaccination exemptions - NPR
    Supreme Court won’t block vaccine mandate for Maine’s health care workers - Politico
    The federal government is planning to announce a partnership with the Children’s Hospital Association as part of the Biden administration’s push to offer COVID-19 vaccines to children. Millions of kids ages 5 to 11 will be eligible for inoculation following federal authorization ahead of the holiday season.
    Small Needles, Short Lines and Few Tears: Biden’s Plan to Vaccinate Young Children - The New York Times
    @jkwan_md: Vaccine Consult Service by @sickkids provides a "safe, judgement-free space to have an open conversation" with a pediatric Registered Nurse about the COVID-19 vaccine for children and youth (available in multiple languages)
    There are currently five million fewer people working than before the pandemic began, and three million fewer even looking for jobs. These numbers have resulted in workers up and down the income ladder wielding the most leverage they’ve had in decades and using it to demand higher pay, flexible hours, more generous benefits and better working conditions.
    There are millions of jobs, but a shortage of workers: Economists explain why that’s worrying - CNBC
    Local employers adapt to worker shortage with pay, hours, perks - The Atlanta Journal-Constitution
    America's factories were hurt by shortages of workers and supplies last month - CNN
    Supply chain disruptions are prompting panicked retailers and manufacturers to overorder or place orders too early, which experts say could result in distorted demand forecasts and unfulfilled orders. Supply chains have been impacted by container shortages, weather, COVID-19 infections and, most recently, China’s energy crisis.
    Procter and Gamble Uses Its Size to Lessen Impact of Supply-Chain Mess - The Wall Street Journal
    White House has weighed tapping National Guard to address mounting supply chain backlog - The Washington Post
    Double-Digit Price Hikes on China Exports Add to Inflation Risk - Bloomberg
    "Number of unemployed persons per job opening, seasonally adjusted" - U.S. Bureau of Labor Statistics / Source: U.S. Bureau of Labor Statistics


    CONTENT FACTS
    Turbine Labs has tracked 21,708 media articles and blogs and 16,122 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Thursday, October 21, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 2 min
    Colin Powell’s death highlights COVID-19 risk for immunocompromised - October 19, 2021

    Colin Powell’s death highlights COVID-19 risk for immunocompromised - October 19, 2021

    American billionaires added $2.1 trillion to their fortunes during the pandemic, a new report found. The Institute for Policy Studies and Americans for Tax Fairness tracked billionaires' gains since March 2020, noting their wealth grew by 70%. Tesla CEO Elon Musk saw the biggest gains, surpassing former Amazon CEO Jeff Bezos as the richest person in the world.
    The wealthiest 10% of Americans own a record 89% of all US stocks - CNBC
    ​Everyone Feels Like They’re Being Left Out of the Global Pandemic Recovery - Bloomberg
    America's Cash Glut - The New York Times
    American Express will allow employees to work anywhere they want for up to four weeks a year, the credit card giant’s CEO announced in a memo to staff Monday. The effort comes as part of the company’s push to offer greater flexibility. A survey conducted earlier this year found that roughly a fifth of AmEx staff voted to work completely remote.
    Revisiting location-based pay in this era of remote work - MarketPlace
    @blsuth: AmEx will let employees work from wherever they want for at least four weeks a year. Worth noting that this is a trend that airline CEOs have flagged as a possible boon to business travel. Is working from wherever the new conference?
    Washington State University fired its head football coach following his refusal to get vaccinated against COVID-19, the school announced. Coach Nick Rolovich, whose salary of $3.1 million made him the highest-paid public employee in Washington, was dismissed as a state vaccine mandate was set to go into effect. Longtime ESPN reporter Allison Williams left the network after ESPN denied her request for accommodation to not get the vaccine.
    'Eye-opening moment': City leaders, police departments push back over impending COVID vaccine mandates - USA Today
    Police in Chicago, Seattle, LA, oppose vaccine mandates for public employees - NPR
    @ColeHarvey: From this morning’s @SportsCenter , a recap of the vaccination decision that led to Washington St coach Nick Rolovich losing his job Monday. AD Pat Chun: “To be at this juncture is unacceptable on so many levels and antithetical to the WSU experience our athletes richly deserve.”
    Former Secretary of State Colin Powell died Monday due to complications from COVID-19 amid an ongoing battle with cancer. Powell was the first Black secretary of state and the former chairman of the Joint Chiefs of Staff. Powell suffered from multiple myeloma, a blood cancer that studies show can make the shots less effective. One study found that only 45% of patients with active multiple myeloma developed an “adequate” immune response after being vaccinated.
    The Threat, in Perspective - The New York Times
    Why vaccinated people dying from Covid-19 doesn't mean the vaccines are ineffective - CNN
    Colin Powell Is Proof We Need To Do Better For Immunocompromised People - HuffPost
    Gyms and fitness studios are seeing a rise in check-ins, according to the International Health, Racquet, and Sportsclub Association. Check-ins were 13% lower than the number recorded pre-pandemic, but the IHRSA noted these numbers will likely increase as nearly half of those who canceled their gym or fitness passes say they plan to rejoin in the next six to 12 months. About 22% of gyms permanently closed their doors during the pandemic.
    The Transformation of the Fitness Industry - The New York Times
    Mindbody acquires workout subscription platform ClassPass as fitness industry rebounds - CNBC
    "Remote Work Persisting and Trending Permanent" - Gallup / Source: Gallup panel


    CONTENT FACTS
    Turbine Labs has tracked 21,106 media articles and blogs and 13,659 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Wednesday, October 20, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 3 min
    US retail sales increase despite supply chain woes - October 18, 2021

    US retail sales increase despite supply chain woes - October 18, 2021

    Retail sales increased by 0.7% in September, defying expectations for a pullback amid supply chain issues, the Census Bureau reported. Compared with a year ago, sales were up 13.9% on the headline number. Experts attribute the uptick to students heading back to school and workers returning to the office.
    Facebook on Track for Holiday Ad Surge Despite Supply Chain Woes - Bloomberg
    Why Levi's is opening 100 new stores even as pandemic online sales boom keeps growing - CNBC
    Grocery store shelves bare? These products may be hard to find due to supply chain issues - USA Today
    China’s gross domestic product growth slowed to 4.9% in the third quarter after industrial activity in the country increased by a smaller-than-expected margin last month. Power shortages and wobbles in the property sector contributed to the Chinese economy’s slowest pace of growth in a year.
    Global stocks and U.S. futures wobble on China growth fears - Fortune
    China Faces Slower Growth Path as It Pursues Longer-Term Reforms - The Wall Street Journal
    @dlacalle_IA: China GDP disappoints. Grew 4.9% in the third quarter from a year ago. That missed expectations for a 5.2% expansion, according to Reuters. Industrial production rose by 3.1% in September, below the 4.5% expected by Reuters.
    Countries are rushing to place orders for the twice-daily antiviral pill called molnupiravir that has been shown to reduce the risk of hospitalization and death among those infected with COVID-19, but obstacles remain for broad access to poorer nations. Pharmaceutical giant Merck, which recently submitted data to the Food and Drug Administration, was criticized two decades ago for selling its H.I.V. drugs at prices unaffordable to Africa.
    Fact check: Merck's molnupiravir and ivermectin are not the same drug - USA Today
    The success of Merck's antiviral — and other COVID-19 pills in development — may depend on how quickly people start taking them - MarketWatch
    @daniel_kraft: #Molnupiravir in trial of 775 high-risk, unvaccinated people cut the risk of hospitalization and death in half. Also accelerates the clearance of infectious virus from the nose and throat, indicating that it may also help reduce the spread of the virus.\
    Thousands of workers remain on strike across the U.S. demanding higher pay and better conditions. There have been strikes against 178 employers this year according to one tracker – a trend economists attribute to the Great Resignation. While large-scale strikes have garnered attention, not all work stoppages have been successful. More than 1,000 Alabama miners have been on strike since April and out of 14 oil workers who staged a walkout in New York, eight have been fired.
    A two-tier wage system roiled the auto industry. Workers today say no way - NPR
    Hollywood Strike Averted As IATSE and AMPTP Reach Deal On New Film and TV Contract - Deadline
    ​Great Resignation Causing 'Structural Changes' to the Workforce: BofA - Insider
    Furniture designer Herman Miller said office spaces are trying to remain relevant by making the barriers between the office and other places more permeable. One coworking space in Virginia weathered the pandemic by taking its desks outside. This trend has prompted office architects to experiment with landscaped terraces and open-air conference rooms.
    The big idea: Is the era of the skyscraper over? - The Guardian
    Meet Me in My Office, in Men’s Underwear on 5 - The New York Times
    Resimercial: The Terrible Word for Today’s Trendy Office Aesthetic - The Atlantic
    "U.S. retail sales beat expectations for second month in a row" - Axios / Source: FRED, Axios Visuals


    CONTENT FACTS
    Turbine Labs has tracked 6,112 media articles and blogs and 10,068 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Tuesday, October 19, 2021, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 3 min

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