On today’s episode of The Excerpt podcast, the FAA’s decision to temporarily ground certain Boeing planes takes center stage. Additionally, a Texas hotel experiences a possible gas explosion, causing injuries. USA TODAY Money Reporter Bailey Schulz sheds light on the increasing difficulty of finding remote jobs. A new budget agreement may impact IRS cuts targeting wealthy tax cheats, and the Michigan Wolverines emerge as college football champions.
Host Taylor Wilson kicks off the podcast by highlighting the latest issue surrounding Boeing aircraft. An Alaska Airlines flight faced a midflight emergency, prompting an emergency landing after part of the plane’s side detached at 16,000 feet. Fortunately, all passengers and crew safely disembarked, averting a potential catastrophe. This incident adds to the challenges faced by Boeing’s 737 MAX line, as the Federal Aviation Administration (FAA) grounds nearly 200 737 MAX 9 jets. United Airlines and Alaska Airlines report finding loose parts on grounded MAX 9 planes, raising concerns about the model’s safety.
Shifting focus to a tragic event in Fort Worth, Texas, at least 21 people are injured following a hotel explosion, believed to be caused by a gas explosion. The blast occurred in a historic building dating back to 1920, leaving windows shattered and debris strewn across the street. Authorities suspect a gas explosion, and investigations are ongoing.
The podcast then delves into the challenges of finding remote jobs, especially high-earning ones. USA Today money reporter Bailey Schulz provides insights into recent research showing a decline in remote and hybrid job postings. Notably, six-figure hybrid job postings dropped by nearly 70% at the end of 2023 compared to the previous quarter. Schulz explores the reasons behind this decline, citing companies’ desire to bring higher earners back to the office and an overall cooling labor market.
Bailey Schulz emphasizes that remote work is not disappearing entirely but acknowledges a shift in trends. Sectors like healthcare experience a decline in high-paying hybrid job postings. Experts attribute this dip to both the cooling labor market and companies advocating for in-office work.
As the podcast explores the potential impact of a budget deal on IRS efforts, concerns arise regarding a reduction in funding aimed at pursuing wealthy tax cheats. President Joe Biden initially allocated nearly $80 billion to the IRS for various purposes, including tax collection from the wealthy. However, a bipartisan budget agreement suggests a $20 billion cut to IRS funding, with Republican lawmakers arguing against extensive audits that might adversely affect small businesses and average Americans.
Concluding on a sports note, the podcast celebrates the Michigan Wolverines’ victory as college football champions. The number one team secured a triumphant win over the second-ranked Washington, finishing the season undefeated at 15-0. Questions linger about head coach Jim Harbaugh’s future and potential moves to the NFL.
In summary, The Excerpt podcast covers a spectrum of current events, from aviation safety concerns and tragic incidents to shifts in remote work trends and the triumphs of college football. The comprehensive coverage offers listeners a diverse and informative snapshot of the day’s key developments.