The Magic Kingdom is losing its luster for one group of people. Disney announced it will lay off 32,000 people, up from the 28,000 it announced in September, in the first half of 2021. The layoffs will center mostly on theme parks. California has kept theme parks closed even as Florida has allowed them to
The airlines all but shut down during the early days of the pandemic, but now there are signs that the industry is coming back to life. The U.S. Transportation Security Administration, TSA, screened just over one million passengers on Sunday, the highest number since mid-March.
Waffle House CEO Walt Ehmer knows the problems with lockdowns. The people putting out such orders don’t live with the consequences. Ehmer said: “None of the people who make the decisions to shut down businesses and impact people’s livelihoods ever have their own livelihood impacted.” Obviously, he was talking about their livelihood, not their ability
It’s a match made in Washington. Presumptive president-elect Joe Biden named former Fed Chair Janet Yellen as his Treasury Secretary, elevating an academic with only government experience to the post. The markets soared on the news as investors saw a closer relationship between the Treasury and the central bank. Specifically, Secretary Yellen might lean on
Oil companies have been pushing to drill in the Arctic National Wildlife Refuge for decades. They finally got their chance under President Trump, or at least it looked likely. Opening ANWR was part of the 2017 tax reform. But the oil leasing in the arctic that President Trump is pushing at the end of his