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A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said.

The Seattle-based company said in a statement the issue Monday morning resulted in a “significant disruption” to its operation — including delayed flights. The airline said it requested a 40-minute ground stop at Seattle-Tacoma International Airport to clear aircraft congestion.

No further details were given about the technology problem, and the reason for the disruptions was unclear.

A message on the company’s website Monday afternoon said it was experiencing issues with booking flights on the website, through a mobile app, and at the contact center.

“We sincerely apologize to our guests who are impacted and are working to resolve the issue as soon as possible,” the statement said.

The problems came at the start of the company’s Cyber Monday flight sale. In comments from its account on X to customers complaining of missed flights, delays, and problems using the airline’s app and website, the carrier also apologized.

In late September, Alaska Airlines flights were grounded in Seattle because of what the company called significant disruptions from an unspecified technology problem.

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For boomers, it takes a salary of just $100,000 to be financially successful.
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In the US, the average salary stands at just under $64,000 — but for many Americans, a successful income is several times that.

Based on a survey by Empower, which asked US adults for their definitions of financial success, the chart below shows the minimum salary and net worth each generation believes is needed to be financially successful.

For boomers, someone earning a minimum of $100,000 a year has achieved financial success. Millennials have the second-lowest threshold, at $180,000.

The Gen Xers surveyed think it takes at least $212,000 be financially successful in the US.

Gen Z has the highest salary requirement of the age groups, believing that a minimum income of $588,000 a year indicates financial success. According to the survey, Gen Zers also think success looks like a net worth of $9.5 million — that's almost nine times the US average.

financial success salaries US

Elon Musk's $56 billion pay package is rejected

Monday’s decision granted $345 million in attorney fees to the lawyers who successfully challenged Musk’s pay plan

Elon Musk’s $56 billion pay package was rejected by a Delaware judge on Monday after a motion to revise was denied. The ruling follows a legal challenge against the 2018 compensation plan, which Tesla (TSLA+3.35%) shareholders initially contested, claiming it was improperly granted.

The compensation plan, one of the largest of its kind, was based on performance targets rather than guaranteed pay. Despite a majority of Tesla investors voting to approve the package at the company’s June shareholder meeting, Judge Kathleen McCormick ruled that a shareholder vote couldn’t stand. She described the package as “deeply flawed” in January, emphasizing that it was improperly structured and failed to meet legal standards for executive compensation. Tesla’s legal team had hoped to sway the court by pointing to the vote, but McCormick rejected that argument.

In addition to rejecting the revisions, Monday’s decision granted $345 million in attorney fees to the lawyers who successfully challenged Musk’s pay plan on behalf of Tesla shareholders. The court deemed this amount an “appropriate sum to reward a total victory.”

Tesla has the option to pay this fee in either cash or by issuing stock that can be sold on the open market.

While Musk could appeal the decision to the Delaware Supreme Court, this ruling could have broader implications for how companies structure executive compensation and the role of shareholder votes in such decisions.

Still, Musk’s wealth continues to climb. His net worth has surged by $43 billion in recent weeks, largely thanks to a 42% rise in Tesla stock.

When we get to a certain age, a lot of our time is spent alone.
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The relationships we build over our lifetime are essential to our well-being — but research shows that as we near the end of our lives, much of our time is spent alone.

Using data from the American Time Use Survey, Our World In Data charted who Americans spend the hours of their day with, by age. Figures are based on averages from surveys conducted between 2009 and 2019.

In our childhood and teenage years, a lot of our time is dominated by family and friends. As we go through our twenties, however, partners and children take over as the people we spend the most time with.

Coworkers also become a major part of our lives between our thirties and fifties — but by retirement age, time with almost everyone besides our partners drops off dramatically.

For those in their seventies or older, a significant amount of the day is spent alone. As the chart shows, the average American around the age of 80 can go as many as eight hours a day without spending time with anyone else.

There is, of course, a difference between being alone and feeling lonely — and the quality of our time spent with others likely benefits us more than the amount. But with 30 percent of Americans aged 72 or older reporting feeling lonely at least some of the time, reaching out to a loved one you haven't seen in a while could make all the difference.


americans time spent alone

 Many of us have felt it, and now it’s official: “Brain rot” is the Oxford dictionary’ word of the year.

Oxford University Press said Monday that the evocative phrase “gained new prominence in 2024,” with its frequency of use increasing 230% from the year before.

Oxford defines brain rot as “the supposed deterioration of a person’s mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging.”

The word of the year is intended to be “a word or expression that reflects a defining theme from the past 12 months.”

“Brain rot” was chosen by a combination of public vote and language analysis by Oxford lexicographers. It beat five other finalists: demure, slop, dynamic pricingromantic, and lore.

While it may seem a modern phenomenon, the first recorded use of “brain rot” was by Henry David Thoreau in his 1854 ode to the natural world, “Walden.”

Oxford Languages President Casper Grathwohl said that in its modern sense, “’ brain rot’ speaks to one of the perceived dangers of virtual life, and how we are using our free time.”

“It feels like a rightful next chapter in the cultural conversation about humanity and technology. It’s not surprising that so many voters embraced the term, endorsing it as our choice this year,” he said.

Last year’s Oxford word of the year was “rizz,” a riff on charisma, used to describe someone’s ability to attract or seduce another person.

Collins Dictionary’s 2024 word of the year is “brat” – the album title that became a summer-living ideal.

While “Made in China” has become a staple of our everyday lives, with everything from our phones to our clothes made in “the world’s factory”, that hasn’t always been the case. It wasn’t until China acceded to the World Trade Organization in 2001 that the country really opened up to the world economy, quickly turning it into the most important link in today’s global supply chains.

Our chart, based on WTO data, illustrates China’s breathtaking rise to the top of the world’s merchandise exporters over the past 23 years, while also showing who dominated world trade before the China's manufacturing sector became the all-conquering force it is today. It also shows the immense effects of globalization on export volumes. Between 2000 and 2023, global merchandise exports increased 3.7-fold from $6.5 trillion to $23.8 trillion in nominal terms, i.e. not adjusted for inflation. At the same time, China's exports grew 13.6-fold from $250 billion to $3.4 trillion, leaving other major exporters in the dust.



China's transformation into a global manufacturing hub and the world's largest exporter stems from a combination of factors, including abundant labor, favorable government policies, and vast infrastructure investments. China's accession to the World Trade Organization in 2001 marks the starting point of the country's race to become an integral part of global supply chains, delivering both raw materials and finished goods to the rest of the world at competitive costs.

U.S. manufacturing contracted at a moderate pace in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs.
The improvement reported by the Institute for Supply Management (ISM) on Monday tracked similar increases in other sentiment surveys, which have risen on hopes of more business-friendly policies from the incoming Trump administration.
Still, manufacturing is not out of the woods yet. ISM Manufacturing Business Survey Committee Chair Timothy Fiore noted that "production execution eased in November, consistent with demand sluggishness and weak backlogs," and that "suppliers continue to have capacity, with lead times improving but some product shortages reappearing." Economists agreed.
"It is worth noting that in the aftermath of the 2016 election, the ISM index rose for four straight months, as business optimism swelled," said Stephen Stanley, chief U.S. economist at Santander U.S. Capital Markets. "I would not be surprised to see a similar dynamic this time, though in the current case, the underlying fundamentals for the factory sector have been tepid at best for a while."
The ISM said its manufacturing PMI rose to a five-month high of 48.4 from 46.5 in October, which was the lowest level since July 2023. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy.
Economists polled by Reuters had forecast a PMI of 47.5. November marked the eighth straight month that the PMI stayed below the 50 threshold, but above the 42.5 level that the ISM says over time generally indicates an expansion of the overall economy.
Only three industries, including computer and electronic as well as electrical equipment, appliances, and components reported growth. Among the 11 industries reporting contraction were transportation equipment, machinery, miscellaneous manufacturing, chemical products, and primary metals.
Comments from manufacturers were downbeat. Makers of transportation equipment reported that "business remains slow," and anticipated "the first half of 2025 will be similar."
Some machinery manufacturers said a slowdown in construction "has created a surplus of finished goods, creating the need for an extra two weeks of shutdown over the Christmas holiday period." Fabricated metal products makers said customers were destocking, adding "The preliminary forecast for 2025 is down significantly."
ISM manufacturing PMI
ISM manufacturing PMI

TARIFFS WORRY

Miscellaneous manufacturers worried about potential increased tariffs on Chinese imports, noting the "cost and capacity of U.S. manufacturing is a concern."
President-elect Donald Trump said last week he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, on his first day in office. Some companies in the primary metals industry, however, reported an uptick in customers wanting to restore their businesses after the election.
Inflation remained a concern for manufacturers of food, beverage, and tobacco products. Makers of computer and electronic products reported pent-up buying, but complainedthat  "competition for qualified technical labor is a constraint on operational throughput."
Stocks on Wall Street traded higher. The dollar gained versus a basket of currencies. U.S. Treasury yields rose.
The ISM PMI has suggested manufacturing remains stuck in a deep recession following hefty interest rate hikes from the Federal Reserve in 2022 and 2023. It has, however, not been all doom and gloom. Business spending on equipment has notched two consecutive quarters of brisk growth, reflecting in part an artificial intelligence boom and demand for commercial aircraft.
The U.S. central bank started easing monetary policy in September, and a third rate cut is expected this month. However potential changes in trade policy have left the path for further rate reductions in 2025 uncertain.
"With the Fed now possibly cutting at a slower speed, interest rates may not offer the tailwind that factories were looking for," said Oren Klachkin, an economist at Nationwide.
The ISM survey's forward-looking new orders sub-index increased to 50.4, expanding for the first time since March, from 47.1 in October. The production index was, however, little changed at depressed levels.
Its measure of prices paid by manufacturers dropped to 50.3 from 54.8 in October, suggesting goods prices have room to fall, though higher tariffs could see a reversal.
The survey's gauge of supplier deliveries fell to 48.7 from 52.0 in October. A reading below 50 indicates faster deliveries.
Factory employment continued to improve, but remaining at subdued levels, with the manufacturing employment measure climbing to 48.1 from 44.4 in October. The ISM noted less headcount reduction last month compared to October.
That is consistent with an anticipated acceleration in nonfarm payrolls growth in November, after a strike by factory workers at Boeing and another aerospace company tanked manufacturing employment in October. Job growth in October was also restrained by Hurricanes Helene and Milton.
The Labor Department's strike report last Friday confirmed that 38,000 aerospace employees returned to work in late October and early November.
A Reuters survey of economists estimated payrolls increasing by 200,000 jobs in November after rising by 12,000 in October, the fewest since December 2020. The closely watched employment report is due to be released on Friday.
A separate report from the Commerce Department showed construction spending increasing strongly in October, driven by single-family home building.
Construction spending
Construction spending
That offered hope residential investment was rebounding after contracting for two straight quarters. The Atlanta Fed upgraded its gross domestic product growth estimate for the fourth quarter to a 3.2% annualized rate from a 2.7% pace earlier. The economy grew at a 2.8% rate in the third quarter.

An effort to unionize Amazon’s delivery drivers faces an unusual initial challenge: they don't work for Amazon.

Sure, the drivers wear Amazon-labeled uniforms. They also drive the Amazon-branded vehicles that seem to populate every street corner, especially during the holiday season. But much of Amazon's last-mile delivery system is subcontracted to a web of smaller businesses called delivery service partners.

It's a setup that some drivers in Southern California say is a sham.

"Amazon ultimately calls the shots," said Daniel Herrera, a driver in Victorville. "They're the ones that put our routes out."

Those drivers are challenging Amazon's business model through an ongoing union drive with the Teamsters — one of the nation's largest and most powerful labor unions. It started more than a year ago in Palmdale, when a group of drivers for one Delivery Service Partner announced they planned to form a union. More recently, drivers in Victorville and the city of Industry have joined the cause.

These union efforts are setting up a larger legal battle: Amazon says these drivers are not their employees. The Teamsters say Amazon is their joint employer, which would mean the tech giant has to bargain with the workers accordingly.

That allegation got a boost in late September when the National Labor Relations Board's Los Angeles region issued a complaint naming Amazon as a joint employer of its delivery drivers in Palmdale. Amazon denied the claim.

“As we’ve said all along, there is no merit to any of these claims. We look forward to showing that as the legal process continues and expect the few remaining allegations will be dismissed as well," Amazon spokesperson Eileen Hards said in a statement.

What’s a Delivery Service Partner?

Subcontracted small businesses make up a substantial part of Amazon's logistics web. Over the past five years, some 390,000 people have driven for delivery service partners across 19 countries, according to Amazon.

"While DSPs as independent businesses hire and manage their own employees, they receive support from Amazon to help them be successful," Amazon's website states.

A person wearing a black and blue jacket and uniform top is standing in a parking lot. The pins read "Amazon is Employer" and "Fair Pay and Safe Jobs For Amazon Teamsters."
Amazon drivers work for third-party small businesses called delivery service partners. But some of them say that Amazon should be considered their employer.
(
Libby Rainey
/
 LAist
)

Amazon technology creates driver routes, and Amazon says that all its company-branded vehicles all have "in-vehicle camera safety technology." It's dynamics like these that have led the Teamsters and others to say Amazon is the drivers' true boss.

"It's set up and modeled so that it can control the delivery services, yet pretend that it's not controlling the delivery services," said Catherine Creighton with Cornell University's School of Industrial and Labor Relations. "It wants one, [to] avoid liability if there are accidents or problems with the delivery system. And No. 2, avoid a unionized workforce."

When 84 drivers in Palmdale announced they had reached a contract agreement with a Delivery Service Partner last year, it was the beginning of the fight at the National Labor Relations Board over Amazon's employer status.

"These workers in Palmdale demanded that Amazon recognize them as drivers and demanded that Amazon come to the table because clearly Amazon has so much control over these operations," said Randy Korgan, director of the Teamsters' Amazon division.

Around the same time, Amazon canceled its contract with that subcontractor and the drivers lost their jobs. But it also sparked a wider organizing drive. While the Teamsters filed unfair labor charges with the NLRB, drivers picketed at the Palmdale facility and other Amazon hubs.

It was one of those demonstrations that caught the attention of Vanessa Valdez, a driver at an Amazon delivery center in the City of Industry.

"I remember [them saying] 'You deserve more…Are you tired of this?'" Valdez said.

This fall, drivers at four delivery service partners at a Victorville Amazon facility and two at a City of Industry location signed union cards with the Teamsters and demanded union recognition.

"The truth is that there are multiple independent small businesses that deliver on our behalf from these facilities, and none of them are Amazon employees,” Amazon's spokesperson said in response.

Delivering Amazon packages

Drivers who have joined the union drive say they want to negotiate with Amazon over crushing quotas, broken-down vans, and pay.

"We skip our 15-minute breaks because the quantity is so high," said Rubie Wiggins, another driver in the City of Industry who said she wants more drivers to unionize. "You're constantly at a battle with yourself."

Multiple drivers in Los Angeles report not having the time or space to use the bathroom while delivering packages.

Labor relations under Trump

A hearing on the Palmdale charges is scheduled for March, and the dispute is likely to continue to wind through the courts after that, according to Catherine Creighton at Cornell.

By then, the Teamsters will face a changed landscape at the national level with President-elect Donald Trump returning to the White House.

Trump can remove NLRB General Counsel Jennifer Abruzzo when he takes office, and whether the five-member board will have a Republican or Democratic majority is up in the air. That leaves in question the fate of rulings during President Joe Biden's tenure that boosted labor protections, including one expanding the definition of a joint employer that was blocked by a federal judge earlier this year.

Organizing battle ahead

While the legal dispute with Amazon continues to play out, the Teamsters have made it clear they'll continue to organize more drivers.

Veena Dubal, a professor of law at UC Irvine, says it's an organizing strategy that plays the long game.

"It's about creating conversations with the delivery service providers themselves, creating conversations with the workers so that they see their boss as being Amazon and not the DSP," Dubal said. "And using these legal mechanisms, even if they're not immediately successful, to change how people think about it."

 Intel (INTC.O), opens new tab Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement.
Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn Intel around was not working and the progress of change was not fast enough, according to a person familiar with the matter. The board told Gelsinger he could retire or be removed, and he chose to step down, according to the source.
His departure comes well before the completion of his four-year roadmap to restore the company's lead in making the fastest and smallest computer chips, a crown it lost to Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab, which makes chips for Intel rivals such as Nvidia (NVDA.O), opens new tab.
Under Gelsinger, Intel, which was founded in 1968 and for decades formed the bedrock of Silicon Valley's global dominance in chips, has withered to a market value more than 30 times smaller than Nvidia, the leader in artificial intelligence chips.
Gelsinger in 2021 inherited a company rife with challenges that he compounded. Setting lofty ambitions for manufacturing and AI capabilities among major clients, Intel ultimately lost or canceled contracts under his watch, and was unable to deliver the promised goods, according to a Reuters special report in October. He made optimistic claims about prospective AI chip deals that exceeded Intel’s own estimates, leading the company to scrap a recent revenue forecast about a month ago.
Bloomberg earlier reported on the circumstances surrounding Gelsinger's retirement.
Gelsinger, 63, has assured both investors and U.S. officials, who are subsidizing Intel's turnaround, that his manufacturing plans remain on track. But the full results will not be known until next year, when the company aims to bring a flagship laptop chip back into its own factories.
Shares of the company fell 0.5%. The stock has lost more than half of its value this year, and it was replaced last month by Nvidia on the blue-chip Dow Jones Industrial Average index (.DJI), opens new tab. Rival Advanced Micro Devices (AMD.O), opens new tab climbed 3.6%, as the PHLX Semiconductor Index rose 2.6% (.SOX), opens new tab.
The company named Chief Financial Officer David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO. The moves come less than a week after U.S. officials gave $7.86 billion in subsidies to Intel.
The board has formed a search committee for Gelsinger's successor.
"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence," Frank Yeary, independent chair of the board, said in a release.
Intel's communications chief, Karen Kahn, is also planning to leave the company, according to two people with knowledge of the situation.

SPENDING SPREE

Gelsinger announced his turnaround plan in July 2021, when the company was already troubled by years of missteps in its manufacturing operations, and then embarked on a spending spree. It started construction on a $20 billion suite of new factories in Ohio and hired a larger workforce - at 132,000 - than Intel had ever maintained even during its days as the biggest player in the chip business.
But the spending coincided with a post-pandemic collapse in the market for laptops and PCs, which in turn sank Intel's gross margins well below historical norms and depressed its stock price, sparking takeover interest in the company.
The spending eventually forced Gelsinger to come up with a menu of layoffs and potential sales and spinouts of assets.
"The stock lost more than 60% under his tenure, so this shouldn’t have come as a very big surprise," said Ryan Detrick, chief market strategist for investment advisory firm Carson Group.
"New leadership is needed to turn things around and it is safe to say that any of his major strategic decisions are on the chopping board, including the move to focus on being a contract manufacturer."
Gelsinger also failed to field an effective AI chip challenger to Nvidia, which began its march toward becoming a $3 trillion company by powering services such as ChatGPT.
"At the end of the day, you need leading-edge products, innovation, and execution, none of which we saw during Pat Gelsinger's reign," said Hans Mosesmann, an analyst at Rosenblatt Securities.
Gelsinger's turnaround plan centered on Intel becoming a major player in contract manufacturing for others, a business model called a "foundry" in the chip industry. Intel has announced a handful of foundry customers such as Microsoft (MSFT.O), opens new tab and Amazon.com (AMZN.O), opens new tab, but neither would bring to Intel's factories the huge volumes of chips needed to ensure the factories' profitability.
The spending spree, coupled with the lack of tangible progress in the company's foundry, created tension on the board of directors, causing Lip-Bu Tan, a board member who himself had turned around a faltering firm in the chip industry, to leave over disagreements with Gelsinger's strategy.
 Global trading house Cargill said on Tuesday it plans to cut around 5% of its staff, or about 8,000 jobs after revenue slumped in its most recent fiscal year as crop prices hit multi-year lows.
Agricultural merchants including privately held Cargill are under pressure as prices of the commodity crops they trade, such as wheat, corn, and soybeans, have dropped to near four-year lows and crop processing margins have shrunk.
Most of Cargill's job reductions would take place this year, the company's president and CEO, Brian Sikes, said in a memo reviewed by Reuters on Tuesday.
"They will focus on streamlining our organisational structure by removing layers, expanding the scope and responsibilities of our managers, and reducing duplication of work," Sikes said in the memo.
The move is part of a shift in strategy at the nearly 160-year-old company, Cargill said, when asked about the memo.
"Unfortunately, that means reducing our global workforce by approximately 5%," it said.
Minnesota-based Cargill has more than 160,000 employees, which implies that a 5% cut in staff would hit about 8,000 jobs.
Unlisted Cargill reported revenue of $160 billion for its 2024 fiscal year that ended in May, down from a record $177 billion in the previous year.
Cargill does not release quarterly earnings statements, but in a memo seen by Reuters in August, it said less than one-third of its businesses met their earnings goals in the last fiscal year.
"Impacts to our operations and frontline teams will be kept to a minimum as we empower them to continue delivering for our customers," Sikes said in the memo.
The move comes after Cargill said in August it would undergo structural changes after missing internal earnings goals, with plans to streamline operations into three units from five as part of its 2030 strategy, Reuters reported in August.
Sikes said the company will hold a meeting on Dec. 9 to share more information about the restructuring.
"This week, for those in countries where we can immediately communicate to employees whose roles are impacted, we'll set up meetings to explain next steps," he said.

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