Business News & Trends – April 2021



BUSINESS NEWS


The Financial Times reports: “Leading global airlines are considering an ambitious pledge: com- mitting to net- zero carbon emissions by 2050. To get there, they’ll need stricter rules for carbon- emission reduction once flying fully returns.” The Wall Street Journal reports: “One way to make flying greener is through the use of more sustainable jet fuels over the next decade. Some airlines are already experimenting with bio- fuels made from cooking oil and unused wood, among other materials. More types of fuels are also in the works, with the ultimate goal of making flying cleaner.


FROM THE AIRLINES


American and Delta Airlines reported on the CBS Morning News they will post holding schedules i.e., think place holders, for flight bookings. Their advice was not to book tight connections for your flights as schedules may change.


TRENDS


From the Wall Street Journal. “Alternative fuels. One way to make flying greener is through the use of more sustainable jet fuels over the next decade. Some airlines are already experimenting with biofuels made from cooking oil and unused wood, among other materials. More types of alternative fuels are also in the works, with the ultimate goal of making flying cleaner.”


THE ECONOMY AND INFLATION


Jerome Powell, Chair of the Federal Reserve re- ported in the morning news on CBS on April 12th a 5-7% growth of the economy and he’s expecting a boom in business for the second half of the year. Mr. Powell said he thinks it’s an unusual recovery. Mr. Powell said he supported Covid relief plans and the fed will continue to support the economy until jobs return. He wants the inflation rate at to 2% then interest rates will rise. But rates will re- main low this year.


REMOTE OFFICE BUST


JP Morgan and Salesforce in NYC say their office space is not being fully utilized fully due to employees working re- motely. Real Estate needs may change. Office space available is now more than was open during the dot.com bust.


CHANGE: HYBRID WORK MODEL


.Jamie Dimon of JP Morgan predicts that post- pandemic JP Morgan will have a “hybrid model” for working. For every 100 people JP Morgan employs approximately 60 will work onsite. Other possible changes may be the use of an open seating plan where offices are not assigned to one person but will rotate according to the workers onsite.


COMPANIES WITH HIRING SURGES


Glassdoor says these 10 companies have hiring surges: Pinterest, Lowe’s, Power Home Remodeling, Mariner Finance, E & J Winery, Morrison Healthcare, Blue Shield of CA, Morgan Stanley and Edward Jones March 11,2021 Glassdoor reports these companies are hiring for remote positions: Atlassian, PubNub, IronRock Recovery, Harness, GitLab, 3M, 8x8, Calix, Rehmann, McKinsey & Company.


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Inspiration


“Logic will get you from A to Z; imagination will get you everywhere.” Albert Einstein


“If you want happiness for an hour—take a nap. If you want happiness for a day— go fishing. If you want happiness for a year—inherit a fortune. If you want happiness for a lifetime—help someone else.” Chinese proverb


“Imagination means nothing without doing.” Charlie Chaplin

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