Federal Reserve Chairman Jerome Powell has chosen two monetary-policy specialists -- Jon Faust, a professor of economics at Johns Hopkins University, and Antulio Bomfim, an economist in the Fed's monetary-affairs division -- to assist him as senior advisers, people familiar with the matter said. Faust is among those suggesting that the Fed reconsider its approach to targeting inflation.
Amazon's offer to employees of up to $5,000 if they quit and never return intends to help unhappy workers exit while retaining people who realize how much they appreciate their job, writes Alana Semuels. "When employees see that they've lost $5,000 by not taking The Offer, they might mentally recommit to the company, trying to do better at their jobs and enjoy them more," she writes.
A bipartisan bill introduced this week in Congress would require presidents or chancellors of colleges and universities receiving federal funding to submit an annual report to the government certifying that they had reviewed all campus sexual misconduct reports. Sen. Debbie Stabenow, D-Mich., says the Accountability of Leaders in Education to Report Title IX Investigations Act will hold leaders publicly accountable.
Christine Lagarde, managing director of the International Monetary Fund, supports the European Commission's proposal to develop the European Stability Mechanism into a legally established, independent European Monetary Fund. Lagarde says the eurozone "needs a crisis-management system that is independent, able to act quickly and that works according to strict rules."
Some types of exercise, including running, could protect the brain and reduce the effects that chronic stress can have on memory, according to a study in the journal Neurobiology of Learning and Memory. The study in mice found exercise improved long-term potentiation, or the formation and strengthening of synapses, which is tied to memory formation.
A new report from MarinSoftware highlights this year's top 10 digital trends, including Cisco's estimation that 80% of web traffic will be video by 2019 and the report's author, Brian Finnerty, recommending that marketers make the most of this popularity by focusing on YouTube and Facebook. The report also states that Messenger ads are one of the most exciting new opportunities for marketers, along with voice and visual search.
Innovation in the supply chain is necessary and only occurs when the right thinking and plan are in place, says Kristi Montgomery of Kenco. She says several steps have to happen within the organization prior to innovation occurring, including breaking down silos and looking beyond costs.
The FDA released draft guidance allowing drugmakers to test Alzheimer's disease therapies on patients even before the disease shows outward signs and saying the agency could approve the therapies based on biomarkers rather than proof they alleviate symptoms. The improvement of biomarkers, such as the amount of beta amyloid in the brain, or improvement in memory and thinking ability would be an acceptable study goal.
Comcast will be testing fixed and mobile wireless services using the 3.5 GHz CBRS band in Philadelphia, the home of its headquarters. The company will use three types of radio transmitters and three types of mobile devices and handsets during the trials.
US Department of Transportation Secretary Elaine Chao notes that a national discussion on infrastructure has been needed for a long time and that President Donald Trump's plan brings such discourse to the forefront. She highlights the I-4 Ultimate Project, a public-private partnership project in Florida, as an example of a model that can work in other areas of the country because it uses public and private money.
Primark has created the Global Sourcing Map, which will improve transparency by helping consumers learn about all of the factories and suppliers in its supply chain. The map includes data on the 1,071 factories and suppliers in Primark's supply chain, which will be updated by the company's Ethical Trade and Environmental Sustainability Team twice per year.
JetBlue Airways is working with the New York Botanical Garden to develop a Caribbean consortium to address conservation and commerce in the region. "JetBlue wants to protect the region's natural beauty, which in turn protects progress and our business," said Sophia Mendelsohn, head of sustainability at JetBlue.
Enterprise Holdings will extend car rental services to Finland via franchisee LansiAuto Group later this year. LansiAuto currently runs a rental business with about 2,500 vehicles.