Target to pay 100% of college tuition and textbooks
With the move, Target joins other retailers and restaurant chains — including Walmart, Chipotle, and Starbucks — that have programs that help employees pay for college.
Economic inequality
Walmart to pay 100% of college tuition plus books for its workers
Walmart will be investing nearly $1 billion over the next five years to help roughly 1.5 million part-time and full-time Walmart and Sam’s Club associates in the U.S. earn college degrees or learn trade skills.
130 countries agree to global minimum corporate tax rate
130 countries around the world — including, crucially, China and India — agreed on a 15% minimum corporate tax rate to combat tax dodging. Any profitable firm with revenues over $24 billion will be included from the start, with that number expected to decline to $12 billion in time.
Walmart launching its own low-cost insulin to ‘revolutionize’ affordability for diabetics
The retailer claims its insulin options will save customers between 58% to 75% compared to branded products.
Biden administration makes $1 billion in grants available for broadband on tribal lands
The funds will be made to eligible Native American, Alaska Native, and Native Hawaiian entities for broadband deployment, to support digital inclusion, workforce development, telehealth, and distance learning.
Early results of Stockton, CA basic income trial report success
The results from the first 12 months of a small universal basic income trial in California suggest those receiving the monthly unconditional payments report increased rates of employment and improved mental health.
Scotland becomes first country to make period products free
The Period Products Bill, which passed unanimously, requires local authorities to ensure that period products are generally obtainable free of charge. Schools and colleges must ensure period products are freely available to students, and designated public places must also make the products available.
Nebraska voters say ‘no more’ to 404% interest rates on payday loans
A 400% interest rate on small-dollar loans is the average across the States. Now that 83% of Nebraska’s voters have approved Initiative 428, that won’t be the case in this Midwestern state: Payday lending interest rates will soon be capped at 36%.
Florida votes to increase outdated minimum wage to $15
Voters in Florida tossed their outdated $8.56 per hour minimum wage in this election as the state became the eighth in the country to adopt a $15 minimum wage. Like many other states, Florida will introduce the raise slowly, upping it to $10 next year and raising it by $1 each year until it reaches $15 in 2026.
Compton to launch America’s biggest guaranteed income program
Following in Stockton’s footsteps, the city of Compton, California, has launched its own basic income program called the Compton Pledge that will aim to assist 800 people through no-strings-attached direct cash payments over two years.