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WFH is creating “ghost towns”, says former New York City Mayor

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Cyber attack

Michael Bloomberg, former New York City Mayor and CEO of Bloomberg LP, criticized the Biden administration for failing to follow through on their pledge to return federal workers to their offices.

He says Washington is becoming a “ghost town.”

In a scathing op-ed for the Washington Post, Bloomberg declared that the pandemic was over and that the excuses for allowing federal offices to remain empty should end.

He referred to President Biden’s promise in his March 2022 State of the Union address that the “vast majority” of federal workers would work in person again.

However, despite the end of the COVID health emergency and the vaccination requirements being lifted, many federal agency headquarters still have occupancy averaging less than 10%. Bloomberg pointed out that this has negatively affected customer service in some agencies and that taxpayers should not be paying for empty office spaces and maintenance costs.

Bloomberg emphasized that working remotely, especially for young professionals, hinders their professional development and career growth. He urged the federal government to lead by example and for President Biden to give “hard deadlines” on when he expects federal agency staffers to return to the office full-time.

Bloomberg’s company already requires its staffers to work from their offices at least three times per week, with plans to increase the mandate to four days in the fall.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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