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This article is from Capital & Main , an award-winning publication that reports from California on economic, political, and social issues. After decades of decline in overtime pay, the Biden administration is considering action to sharply expand access in a time of high inflation. This is the fourth article of a four-part series examining the 40-year effort by big business and elected officials to deny Americans extra pay for extra work. advertisement advertisement With Americans struggling with inflation, workers’ advocates are banking on a White House that has promised to make millions more workers eligible for overtime wages that pay time and a half. Two presidents who made similar promises over the last 45 years failed to deliver, resulting in outdated federal overtime guidelines and underfunded labor enforcement. But during decades in which lawmakers and lobbyists cut away at overtime access, states like Washington and California … [Read more...] about How several states are taking the lead on restoring overtime pay

Beijing should allow more open debate on the consequences of its zero-Covid policy amid fears the country is “losing more than it gains” from harsh lockdowns that are taking an enormous toll on the economy, Chinese experts say. The recent Omicron wave and corresponding containment measures hammered the world’s No 2 economy harder than expected in April , fuelling worry that China may not achieve economic growth of “around 5.5 per cent” this year. Though Beijing is rolling out support for the economy, it is refusing to budge from its zero-Covid strategy, saying it is putting people and lives first. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. However, comments from a high-profile economics professor at the weekend have called the government’s approach into question – and … [Read more...] about China’s zero-Covid policy questioned as expert says ‘stabilising the economy will protect lives’

Share to Twitter Share to Linkedin Lane Kawaoka is a Podcaster for SimplePassiveCashflow.com & Real Estate Syndicator of 1B AUM (7500+ rental units) For those investors searching for assets that can withstand the test of time, I believe real estate prevails. Whether through a market crash, health crisis (like a pandemic) or even an increase in interest rates, real estate can still work for you. While I admit it can be challenging to find new deals right now, if the price is right, who can stop you from investing? Overall, downturns are inevitable, and as investors, we need to prepare for them. If you’re investing in equities, for example, you shouldn’t focus on one category alone. The same thing goes with real estate; you need to expand and diversify your real estate portfolio to lessen the impact of any downturn. It has been shown time and time again that being prepared helps beat future recessions. Real Estate Portfolios A real … [Read more...] about Expanding Your Real Estate Portfolio: Types Of Real Estate To Consider