Lawmakers Aim to Ban Colleagues from Market Trading While They Still Buy and Sell

Pete Sessions and Bill Keating

Four members of Congress recently reported buying and selling financial assets, despite co-sponsoring a bill that would ban such trades, disclosures show.

Democratic Reps. Mary Gay Scanlon of Pennsylvania, Jeff Jackson of North Carolina, Bill Keating of Massachusetts and Republican Rep. Pete Sessions of Texas all reported selling or purchasing assets after they signed on as co-sponsors of the TRUST In Congress Act, financial disclosures show. The TRUST In Congress Act would ban members of Congress from directly trading covered investments, which includes securities, commodities futures and similar assets by requiring them to place such assets in a blind trust.

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Commentary: Making Fast Food Faster Is a Big Mistake

Just when it seemed things were returning to normal, some habits changed for the worse. The instability of COVID times took countless people out of contact with the outside world. Things became more informal, faster, and less social.

One area of change was the fast-food franchises. People embraced no-touch food service during COVID. Now, the instant-meal world is working hard to keep up the momentum by making fast food faster and less social. The idea is to minimize personal contact and maximize profits.

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McDonald’s Will Require Workers and Customers to Wear Masks, Vaccinated or Not

McDonald's at sunset

Fast food chain McDonald’s is requiring all its staff and customers, vaccinated and unvaccinated, to resume wearing masks in its restaurants in areas deemed high risk by the Centers for Disease Control and Prevention (CDC).

The company first announced its new rules in an internal memo to franchisees and workers, CNBC reported. The rules, which went into effect Monday, follow updated guidance last week from the CDC, which recommended fully-vaccinated Americans wear masks indoors to prevent the spread of the delta variant of coronavirus.

McDonald’s told the Daily Caller News Foundation the change in policy was due to the CDC’s updated guidance, and said the company was following the science in making its decision.

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Hackers Steal Customer Information in McDonald’s Cyberattack

McDonald's at sunset

Hackers obtained customer data from McDonald’s after breaching the company’s systems in the U.S., South Korea and Taiwan, according to The Wall Street Journal.

U.S. employees’ and franchisees’ contact information, seating capacity of U.S. locations and the dimensions of play areas at restaurants in the U.S were all exposed during the breach, McDonald’s said Friday, The Wall Street Journal reported. While McDonald’s said the hack didn’t cause disruptions at any of its locations, it vowed to launch an investigation into the breach and continue to invest in bolstering its cybersecurity protocol.

“McDonald’s will leverage the findings from the investigation as well as input from security resources to identify ways to further enhance our existing security measures,” the global fast food chain told U.S. employees in an internal message, according to the WSJ.

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Costco Raises Minimum Wage to $16, But Won’t Advocate for All Businesses to Follow

Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.

Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.

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McDonald’s Ties Executive Pay to Diversity Targets

McDonald’s will tie executives’ pay to diversity goals and aims to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. Fifteen percent of the company’s annual bonuses will be used to reach these targets, McDonald’s said in the statement.

The world’s biggest restaurant chain on Thursday said the company aims to increase the number of women in leadership roles to 45 percent from 37 percent by 2025. It also wants to boost “historically underrepresented groups” in leadership positions to 35 percent from 29 percent over the same time frame, CNN reported.

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