Inflation pressures may lead to demands for raises from U.S. workers - November 19, 2021

The Congressional Budget Office declared on Thursday that President Joe Biden’s social spending bill would heighten the budget deficit by $160 billion over the next ten years if signed into law. Despite the announcement, and a filibuster from House Minority Leader Kevin McCarthy that delayed the vote Thursday evening, House Democrats are expected to approve the estimated $2 trillion bill Friday morning. 'Crazy' or 'much ado about nothing'? How Joe Biden's Build Back Better plan could impact inflation. - USA Today CBO score on Biden spending bill would be 'pretty hard' to ignore, former director says - FOX Business @paulkrugman: Seeing some news stories leading with "CBO says BBB will raise deficit" then acknowledging that it's bc CBO is probably underestimating revenue gains from a stronger IRS. Which is true but kind of misses the bigger point: $160 billion is tiny Apple’s return to office date for employees was delayed to February 1 of next year with a plan to initiate a hybrid work model, according to a memo from Apple CEO Tim Cook. The plan will allow employees up to four weeks of remote work per year to allow workers time to travel, see loved ones or “shake up” employee routines. As workers return to offices, hybrid schedules take root - The Buffalo News Report: 98% of IT leaders concerned about security challenges due to hybrid workforce - VentureBeat Some employers opting for geo-specific pay as remote work becomes norm - TNW The Austrian government announced a nationwide lockdown Friday morning along with a vaccine mandate, marking the first nationwide vaccine mandate for a European country. The announcement follows Germany’s rollout of restrictions for unvaccinated citizens Thursday as Europe has continued to struggle with rising COVID-19 infections and low vaccination numbers. Greece, like some other E.U. nations facing case surges, adds restrictions for the unvaccinated. - The New York Times FDA clears Moderna and Pfizer’s Covid vaccine booster shots for all U.S. adults - CNBC Europe Returns