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Goldman Sachs employs just 49 Black people in top US jobs

Goldman Sachs employs just 49 Black people in top US jobs

Goldman Sachs has just 49 Black executives and senior managers in its US workforce, accounting for about 3% of the total. In a sustainability report published Tuesday, the investment bank revealed data on the racial and gender composition of its US workforce for the first time. The numbers reflect a very low rate of Black…MORE

The parent company of Old Country Buffet filed for bankruptcy

The parent company of Old Country Buffet filed for bankruptcy

Fresh Acquisitions, the parent company of a restaurant chain that owns several buffet-style concepts, including Old Country Buffet, filed for bankruptcy. The Chapter 11 filing more than a year into the pandemic illustrates the struggles the industry faces, particularly ones that are reliant on buffets. Furr’s Fresh Buffet, Ryan’s, Old Country Buffet, Tahoe Joes Famous…MORE

India’s health care system close to collapse

India’s health care system close to collapse

India’s health care system and other essential services are close to collapse as a second coronavirus wave that started in mid-March tears through the country with devastating speed. On Wednesday, the country saw its highest daily rise in infections and deaths since the start of the pandemic — 295,041 new Covid-19 cases and 2,023 fatalities…MORE

Here come the dreaded post-pandemic price increases

Here come the dreaded post-pandemic price increases

For months, investors have been bracing for signs that prices will increase as the post-pandemic economic recovery gathers steam. Well, they’re here. What’s happening: Consumer products giant Procter & Gamble has said it will raise prices on brands such as Pampers diapers and Tampax tampons. The increases will vary by brand, but will be in…MORE

Department of Homeland Security was ‘unprepared’ for Portland response during summer unrest, watchdog finds

Department of Homeland Security was ‘unprepared’ for Portland response during summer unrest, watchdog finds

The Trump administration’s Department of Homeland Security surged hundreds of federal agents to Portland, Oregon, last summer with incomplete training and missing equipment, a new watchdog report says. The department’s inspector general flagged several major concerns with the deployment of more than 700 officers, including failure to properly train them to police riots and to…MORE

Key senators to watch on infrastructure negotiations

Key senators to watch on infrastructure negotiations

As discussions over President Joe Biden’s infrastructure proposal ramp up, Democrats and Republicans remain at odds over the scope, size and potential price tag of any plan, in addition to how to pay for it. Democrats say they are willing to compromise and negotiate but won’t water down a key legislative priority, while Republicans argue…MORE

Here’s why car prices are at record highs — and still rising

Here’s why car prices are at record highs — and still rising

Car dealer lots have only a fraction of the vehicles that they typically have — both new and used. It’s helping send prices to record levels. The average new car price was $37,200 in the first quarter, according to JD Power, up 8.4% from the same period just a year ago. About half of car…MORE

European Super League crumbles after majority of teams announce withdrawal

European Super League crumbles after majority of teams announce withdrawal

One by one, they began to fall. First it was Manchester City and then, like dominoes, the other five Premier League clubs soon followed, before none were left in the so-called European Super League. The dramatic collapse of the multibillion-dollar league came less than 48 hours after it was first launched. In a video posted…MORE

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