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"The fate of the H-1B program – which offers U.S. employers a way to temporarily hire foreign workers in specialty occupations – has divided influential Republicans. Tech leaders like Elon Musk strongly support the program, while other Republicans question its impact on American workers. President Donald Trump imposed restrictions on the program in his first term, but his current policy agenda on H-1Bs remains under discussion" More at Pew Research ➜

"A new Pew Research Center survey of 36 nations finds widespread public concern about economic inequality. And when asked what leads to this inequality, most people across the countries surveyed point to the intersection of wealth and politics" More at Pew Research Center ➜

"...Rebuilding trust in insurance won’t be easy, but it’s essential. Insurance is the great protector of financial security for the American middle class, but only when it works. As the recent reaction demonstrates, it needs to work better. The insurance industry won’t change by itself; the financial pressures on insurers from increasing losses and fierce market competition are too great." More at The Conversation ➜

"How does poverty in the US compare with what’s going on in similar economies? ... ..."The U.S. has one of the highest rates of poverty among Western industrialized nations. Whether the focus is on working-age adults,  children, people over 65 or the population as a whole, the U.S. is near the top in terms of the extent and depth of its poverty. More at The Conversation ➜

“I remember when we had over 1,000 dairy farms in this county. Now we have less than 40,” Orr, an agriculture adviser for Greene County, Tennessee, told me with a tinge of sadness. More at The Conversation ➜

Ray Kroc  (1902 -1984), spent most of the first decades of his professional career selling paper cups and milkshake machines. In that process he came across a popular California hamburger restaurant owned by Dick and Mac McDonald, Curious as to why a small restaurant needed 40 Milkshake machines, he looked into it and was impressed by his process, simplicity and cleanliness. He went into business with the brothers and launched the McDonald's franchise in 1955. He went on to purchase the company in 1961 and to transform McDonald's into the world’s largest restaurant franchise. By the time of his death in 1984, the chain had 7,500 outlets across the world with gross sales of $8 billion.

The Nobel Prize in Physics 2023 - To Pierre Agostini, Ferenc Krausz and Anne L’Huillier
The Nobel Prize in Chemistry 2023 - To Moungi G. Bawendi, Louis E. Brus and Aleksey Yekimov
The Nobel Prize in Physiology or Medicine 2023 - To Katalin Karikó and Drew Weissman
The Nobel Prize in Literature 2023 - To Jon FosseThe Nobel Peace Prize 2023 - To Narges Mohammadi
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel - To Claudia Goldin

More at The Nobel Organization ➜

"Garment workers in the US are paid far below minimum wage. New legislation, if implemented successfully, would change that. For decades, the “Buy American” movement rested on the belief that such labels guaranteed a certain standard of quality and care. There lingered an assumption that US-made garments were produced in a more ethical manner than their foreign competitors, particularly those imported from lower-cost countries. The reality, however, is a bit more complicated"  More at The Nation ➜

"Usually banks, like all companies, fail after a prolonged period of lackluster performance. But SVB, the nation’s 16th-largest bank, had been stable and highly profitable just a few months before, having earned about US$1.5 billion in profits in the last quarter of 2022. However, financial history is filled with examples of seemingly stable and profitable banks that unexpectedly failed".... Read more

"It’s kind of strange how the labor market remains quite strong, with notable gains in labor-intensive service sectors like hospitality and leisure, health care and retail. That’s also where wage growth in February was strongest"...Read more

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