D.C. journalists to debut worker-run news nonprofit | Fed survey shows economic growth, higher employment | Hobbies can make the CEO
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July 18, 2024
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D.C. journalists to debut worker-run news nonprofit
Former office building of Washington, D.C NPR Affiliate WAMU (Anna Moneymaker/Getty Images)
Former staffers of Washington, D.C., public broadcaster WAMU and local news site DCist are working to raise $250,000 for initial costs to launch The 51st, a new nonprofit local news outlet for the District. The worker-run site will focus on local issues including affordability and culture, and will engage the community through listening sessions, says co-founder Abigail Higgins.
Full Story: Axios (7/16) 
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Recruiting & Retention
The Federal Reserve's latest Beige Book survey indicates slight growth as the economy heads into the third quarter, with several regions reporting flat or declining activity. Employment has increased slightly, but labor turnover has declined, and businesses have become more selective in hiring, the survey shows.
Full Story: Bloomberg (7/17),  Reuters (7/17) 
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Leadership & Development
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Benefits & Compensation
US companies plan to raise salaries by 3.9% in 2025, a slight decrease from this year's 4.1% increases, according to a Willis Towers Watson survey. However, persistent worker shortages and slower economic growth mean companies must still budget for higher salary increases.
Full Story: CFO Dive (7/16) 
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Technology
CIOs Steve Randich of FINRA and Neal Sample of Walgreens Boots Alliance spoke at FutureIT, emphasizing the importance of strategic leadership and decision-making in adopting new technologies and emphasizing a "chief intentional officer" approach. They also highlighted the necessity for CIOs to balance innovation with practical business needs, build strong teams and keep calm under pressure to drive successful technological transformations.
Full Story: CIO (7/11) 
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The HR Leader
HR pros with AI skills becoming more valuable, data show
(Pixabay)
Demand for HR professionals with AI skills grew nearly 60% over the past two years, while HR specialists with AI skills now earn $35,000 more per year than those without them, according to Lightcast data, which suggest HR professionals with AI skills will continue to become more attractive to employers. "The most valuable AI skills for HR practitioners are understanding when you need to keep a human in the loop," says Will Markow, vice president of applied research at Lightcast.
Full Story: WorkLife (7/17) 
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SmartBreak: Question of the Day
Local records might be shattered if the temperature exceeds 130 F in Death Valley, Calif., this summer, so let's think cooling thoughts. What is the lowest temperature recorded in Oymyakon, Russia, according to Guinness?
Vote-20 F
Vote-67 F
Vote-90 F
Vote-103 F
About the Editor
Reflections
Reflections
Kanoe Namahoe
Work-life balance matters, and some CEOs take this seriously by investing their time and energy into their hobbies, as we see in our Leadership & Development story today. My favorite, of course, was Christine Yen, co-founder and CEO of engineering software company Honeycomb, who races motorcycles when she’s not working.
 
How do they do it? Planning, planning, planning, according to the article. Yen charts her racing schedule around her workload. Tanium CEO Dan Streetman, a triathlete, plans his workout sessions several months in advance. Ben Betts, CEO of Learning Pool, uses Excel to create checklists and manage the timeline and tasks of the remodel he’s doing on an 18th century farmhouse. 
 
Why do they do it? Because hobbies nurture our spirits. They refresh us, mentally and physically. They help clear the cobwebs in our heads and awaken our creative engines. Like fresh fruit and ginger shots, hobbies are good for us.
 
What’s your go-to hobby? What do you do to help get fresh energy back into you? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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Everybody deserves a second chance in this world. That's basically all I ask.
Shannen Doherty,
actor
1971-2024
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