Blog Party City Files For Bankruptcy Party City files for bankruptcy with plans to restructure mounting debt Retailer Party City has filed for Chapter 11 bankruptcy protection, toppled by a heavy debt load. Party City has secured a $150 million bankruptcy loan and will seek approval to use half of those funds to immediately pay wages and vendors, among other expenses. […]
Blog Nurses in New York City to Strike Thousands of nurses in New York City to strike in pursuit of fair contract Strike date at seven hospitals set for 9 January after 98.8% vote in favor, with wages, staff ratios and health insurance key issues At least 12,000 nurses at seven hospitals in New York City are threatening to strike after their union […]
Blog NOBODY GIVES A DAMN ‘NOBODY GIVES A DAMN:’ Home Depot co-founder blames ‘socialism’ for lack of motivation to work The co-founder of Home Depot is pointing the finger at socialism for why Americans no longer have the drive to work. Bernie Marcus, who along with Arthur Blank made the home improvement big box retailer a North American empire, […]
Finance Zombie Debt ‘Zombie Debt’: Homeowners face foreclosure on old mortgages Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. “I […]
Finance Mortgage Rates Hit a 12-Year High Mortgage rates continued to rise this week, reaching their highest level in more than a decade. The 30-year fixed-rate mortgage averaged 5.11% in the week ending April 21, up from 5% the week before, according to Freddie Mac. It is the seventh consecutive week of increases and is significantly higher than the 2.97% average this […]
Finance Home Going for $800K Comes With Basement Squatter Home Going for $800K Comes With Basement Squatter: ‘It’s a Seller’s Market’ Virginia home listed for $800,000 in cash warns the new owner won’t have any access to the lower level and can’t even view it – because another person will be LIVING there with NO LEASE A home listed in Fairfax, Virginia has five […]
Blog Citigroup To Fire Unvaccinated Employees This Month Citigroup staff in the United States who have not been vaccinated against Covid-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month unless they are granted an exemption, a source familiar with the matter said on Friday. The US bank announced its plan to impose new vaccination […]
Blog Man Who Dumped 91,000 Pennies To Pay Ex-Worker Is Sued By Feds After a former employee of A OK Walker Autoworks filed a complaint with state labor regulators in 2021 accusing the owner of failing to issue his final paycheck of $915, he got an unwelcome surprise: a mountain of 91,000 pennies, covered in oil, dumped in his driveway. But the worker, Andreas Flaten, may be having […]
Blog The Great Resignation Another 4.5 million workers quit in the 8th month of record exits, and it shows how the Great Resignation is here to stay A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September. Workers particularly […]
Blog The 10 Hottest Jobs and Their Profiles Regardless of the reasons, the job market is hot, and some jobs are hotter than others. Here’s a little more information about each one of the jobs that made the top 10 hottest jobs list for 2021. These are the jobs that have grown fastest in Payscale’s database of salary profiles among people who have […]