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Business News – 09-23-2021

K Buenavista — Thu, 04 Nov 2021 18:46:08 +0000

Two of the major reservoirs such as Lake Mead and Lake Powell are experiencing a large decrease in water levels and many fear that they may stop producing energy soon
According to the Bureau of Land Management, it believes that there is a 3% chance that the water level of Lake Powell will fall below the minimum required for hydroelectricity generation at Glen Canyon Dam
By 2023, the chance of the water level dropping increases to 34%

Throughout next year in 2022, Southwest Airlines will be in the process of adding about 10,000 workers
Bob Jordan, the CEO of Southwest Airlines says that the airline is currently, near halfway to its goal of reaching 5,000 hires

According to AlixPartners, a consulting firm, they estimate that the semiconductor shortage will cost the whole auto industry $210 billion in revenue this year
The firm also estimated that 7.7 million units of production will be lost for this year which is a large jump from their previous forecast in May at 3.9 million units

K Buenavista — Sun, 22 Aug 2021 08:25:55 +0000

BMW’s new project centered around the development of a long distance electric vehicle battery has been awarded $36 million in joint funding from the EV industry along with the U.K. government
By 2030, the U.K. plans to stop selling new gasoline and diesel engine cars and vans; technology that boost the range of electric vehicles will be crucial

United States agencies are preparing to offer booster shots to all eligible Americans (over 12 years old) starting in the week of September 20
The announcement has come ahead of a White House Covid press briefing Wednesday, where federal health officials further outlined their plan for boosters
According to the statement signed by CDC director Dr. Rochelle Walensky, it says, “We are starting to see evidence of reduced protection against mild and moderate disease.”

Staff at Southwest Airlines have been informed that the company is struggling to hire workers so they have offered a referral bonus program
The program will run until November 20 and staff can receive up to 20,000 “SWAG Points” consisting of 10,000 on their referral’s first day of work, and 10,000 after that individual completes six months with the airline.
Those points on Southwest’s internal platform have a taxable value of 1.5 cents each giving them a value of $300

K Buenavista — Sun, 11 Jul 2021 05:04:56 +0000

For SpaceX’s 20th mission, they were only seconds away from launching when they were stopped due to an aircraft entering launch range
On Twitter, Elon Musk voiced his feeling about the situation and criticized the regulations around business launched rockets

Owned by Berkshire Hathaway, Brooks Running Company has committed to achieving net zero carbon emission by 2040
The CEO of Brooks Running, Jim Weber has reported that their best selling shoe will soon be made by recycled materials to help the environment

Today (Tuesday) Moderna has said that their Covid-19 vaccine in a lab setting was quite promising against coronavirus variants along with the delta variant
Moderna’s new two-dose mRNA vaccine has been able to neutralize antibodies against the delta variant, beta, and eta as well

Southwest is currently offering their flight attendants double pay if they take extra shifts during July 4
The Airline along with many others are suffering from the worker shortage in the airline industry and are coming up with incentives for their current employees to work extra shifts to somewhat compensate for the shortage

vaccinated except those in Florida
Starting August 1, the rule will also apply to those over 12 years of age
Those passengers who are leaving from Florida on the Cruise line form August 1 to December 31 who are unvaccinated must have travel insurance
Today (Tuesday) 6 simulation cruises have been approved by the CDC (Center for Disease Control)

Those who are fully vaccinated against Covid-19 now have the option of not wearing face masks
Employees for the companies which include those who are non-salaried workers, will not have to show proof of vaccination