Fortune
The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it
John Waldron, the president and COO of Goldman Sachs, believes the country’s lack of control over it’s debt could risk a Truss-style economic crisis, he said at Semafor’s World Economic Summit on April 18. The nation’s debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers...
Outdated laws prevent gig economy workers from getting benefits. This pilot program shows the path forward
A DoorDash delivery in progress. The gig economy is set to grow, but worker benefits could use some improvements. Even with unemployment declining and wages rising, millions of people in America still need extra money to feel financially secure—whether because of increasing prices, unexpected expenses, or just the complexities of everyday life. In the gig economy, more than 7 million Americans are taking advantage of opportunities to supplement their income at the push of an app’s button. While innovation has opened new doors for workers, it also requires policymakers and the private sector to rethink how we support workers, especially when it comes to essential benefits.
Bumble, the dating app where women make the first move, is rolling out a feature where men get an ‘opening move’
Women, historically, have been responsible for making the first move on dating app Bumble. Now, men have a chance to start the conversation. The app plans to roll out a new feature called “opening moves,” which will allow male users to initiate conversations based on pre-selected questions from women. Previously, Bumble required women to initiate all contact, helping them bypass unwanted suitors and give them more control over who they interact with.
Meet the 12-hour school day that will cure Gen Z’s crippling social awkwardness, complete with public speaking lessons and a smartphone ban
Instead of scrolling TikTok or BeReal, Gen Z students' hours will be filled with activities such as cooking lessons, public speaking lessons, basketball training, and extra time to finish homework.
The SEC has Ethereum in its crosshairs. But does the agency think Ether is a security?
For weeks, speculation has mounted that the SEC is preparing to cross the crypto Rubicon and declare Ethereum, the second-largest cryptocurrency, a security. As the deadline looms for a decision on spot Ether ETFs, the move seems like the last option for an agency seemingly determined to find reasons to reject crypto products, even though prior, high-ranking staffers had argued that Ether was a commodity and out of its wheelhouse. The implications would be catastrophic for the broader crypto industry, with even mainstays like Fidelity offering trading services for Ether.
The EEOC’s latest enforcement rules on abortion and gender identity harassment put the agency in the political spotlight
The EEOC recently updated its guidance on issues including gender identity-related harassment and abortion. Good morning, Broadsheet readers! Trump says he’ll allow states to monitor pregnancies and prosecute abortions if elected in November, women should now get breast cancer screenings at age 40, and the EEOC takes steps to protect workers and ends up in the political spotlight. Have a wonderful Wednesday.
Starbucks flags unusual phenomenon for ‘disappointing’ sales: It’s too popular with morning commuters
Starbucks customers in the U.S. are abandoning their orders because of wait times and stock availability. Starbucks was something of a victim of its own success last quarter, with its CEO saying that loyal customers are backing out of purchases because of long wait times and product availability. In its...
Meet the Norwegian-owned cruise challenger to Carnival and Royal Caribbean that just raised $1.54 billion
Viking had humble beginnings. The now-listed cruise company was once just a venture by “two guys with two mobile phones and four river ships,” as the company’s CEO Torstein Hagen puts it in Viking’s prospectus. But a lot has changed in 27 years. Now, the Norwegian-owned,...
Ex-Coinbase designer raises $5M for crypto voting service Agora
Relying on token-holding voters to govern decentralized protocols can be messy. Conversations often unfold in siloed channels, like Discord or Telegram, and the process for making important decisions such as treasury allocation or governance rules are inefficient and splintered. “It’s had this reputation of being chaotic,” Agora’s co-founder Yitong Zhang told Fortune.
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