Vermont Governor Phil Scott is asking legislators in his state to speed up equal pay legislation. The governor citing closing the wage gap would reduce Vermont's poverty rate by 57 percent, and add $1 billion to its economy. Joan Goldstein, Commissioner of the Vermont Department of Economic Development, and Lisa Groeneveld, Co-Owner of Logic Supply, explain how the state is recruiting more tech hubs to Vermont and working to close the gender pay gap.
"Our gap isn't as wide as some other states," explains Goldstsein. "Part of that is because of the transparency in many of the industries."
PC manufacturing company Logic Supply, which is based in Vermont, has a workforce made up of 30 percent women. "At Logic Supply we are working really aggressively to increase the female population of our workforce," says Groeneveld. "I'm really encouraged with the way Vermont thinks about helping businesses recruit and bring talented people into the state."
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
