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Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

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The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

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Samsung chairman Lee Kun-hee dies at 78 – The Verge

Samsung Electronics Lee Kun-hee chairman has died, the company has announced in a statement. He was 78.

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Controversial figure who turned Samsung into a global tech power
Photo by Chung Sung-Jun/Getty Images
Samsung Electronics has announced the death of its chairman, Lee Kun-hee. The company says he died on October 25th with family including his son, vice-chairman Lee Jae-yong, at his side. He was 78.
A cause of death was not given, but Lee had been incapacitated for many years after suffering a heart attack in 2014, causing him to withdraw from public life. Lee Jae-yong, also known as Jay Y. Lee,…

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The Hummer is making a comeback — and this time, it’s all-electric – KSL.com

The Hummer is back. But it’s a much different truck than it used to be.

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DETROIT (CNN) The Hummer is back. But it’s a much different truck than it used to be.
General Motors revealed the new all-electric GMC Hummer EV Tuesday night, officially bringing back the Hummer name after a decade.
Hummer had been known for making large, rugged off-road capable SUVs and trucks that were often criticized for burning lots of gas. This Hummer pickup truck, however, will burn no gasoline at all.
But engineering the vehicle to be electric didn’t just give the Hummer’s eco-bona fides…

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Lawsuit alleges Uber coerced drivers into supporting California Prop. 22 – Fox Business

A new lawsuit accuses Uber of induating drivers with messagaes about supporting the classifcation of drivers as independent contractors.

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A group of Uber drivers has filed a lawsuit accusing the ride-share giant of coercing workers to support California Proposition 22.
California’s 2020 election ballots will contain a section for residents to vote on Prop. 22, which would allow Uber, Lyft and other ride-share companies to classify drivers as independent contractors rather than employees.
“This is an absurd lawsuit, without merit, filed solely for press attention and without regard for the facts,” an Uber spokesperson told FOX Business…

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