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Use ‘self-determination’ to encourage others

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Illustration for article titled Photo: Delpixel (Shutterstock)

You probably know what it’s like to have a bad boss. You could even knows what it’s like to be one. Certainly at work (and if life) Nobody likes a micromanager, but a boss who doesn’t bother to lead the team or check in with his immediate subordinates is just as bad.

Whether you’re managing people at work or just managing your relationships, you don’t have to fall into either of these two traps. You can take a few psychological notes and create an environment in which the people who seek advice and support from you can thrive with a little help from self-determination theory.

What is self-determination theory?

Self-Determination Theory (SDT) was first proposed and popularized by psychologists Edward L. Deci and Richard M. Ryan, who studied the science of human motivation in the 1970s and 1980s. Basically, they found that people naturally tend to be interested in personal growth – whether it be achieving a goal, earning an award, or mastering a skill – and there are three motivational principles that encourage them to make it easier or inspire to achieve it.

How determined by talent acquisition GQR G, these pillars of self-determination theory include:

competence – The need to experience our behavior as effectively implemented (to feel that we did a good job).

autonomy – The need to experience behavior as voluntary and “… reflexively self-advocated” (to feel that we are in control of what we do).

Connectedness – The need to “… interact, be connected with and receive care from others” (in order to have meaningful relationships and interactions with other people).

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In other words, the theory is that our intrinsic desire for progress can be fueled by external factors. That’s how it’s done American Psychological Association defines the process:

Self-determination theory shows that intrinsic motivation (to do something because it is inherently interesting or enjoyable) and thus higher quality learning thrives in contexts that satisfy human needs for competence, autonomy and connectedness.

Lots of studies have shown the positive results of strengthening competence, autonomy and connectedness in educational and work environments. It takes some understanding and effort, but it’s something that bosses can use to get the most out of their employees – or something that anyone can use to help their friends, family, and colleagues improve.

How to use SDT to help those around you

Think of the basics of SDT like signposts. While everyone develops their own leadership or motivational style over time and experience, SDT can help you build more caring – but not hand-holding – relationships.

Business consultant Amy Drader explains for Growth partner how someone in a management position can use SDT. When you give positive feedback when it’s earned, you create an incentive for someone to do what they do – provided they do it well. Goal setting is another useful metric for building motivation, especially when celebrating goals after they’re achieved. Of course, too much focus on achieving goals can weaken motivation and dull the creative spark, but making rewards tangible and achievable can further fuel motivation.

Fostering a sense of reliability is important for a person in a managerial position (whether in a formal setting or not) – and one way to do that, Drader writes, is to complain. Don’t encourage wallowing, of course, but acknowledge that ventilation can be cathartic. She notes, “Take your time to complain. Make sure it isn’t overdone. Some complaints can be useful. ”In practice, this could look like happy hour in which you feel sorry for certain workplace problems. Or just occasionally chatting and joking with people in your professional environment will be endearing and further promote this notion of relatability.

At another level, autonomy can be cultivated in several ways – namely, when the workers are listened to (and given the opportunity to solve problems themselves). How Deci and Ryan wrote in 1987, “[t]The main focus of autonomy is on people’s need to be willing and to initiate their own actions on their own, rather than being controlled and directed by others. ”You can keep this fire going by adding a feeling to those you want to motivate of trust. At work, give someone you want to encourage a chance by putting them in charge of a bigger project than they might feel ready, and shower them with praise – in private and in front of others – when it’s done . Outside professional boundaries, this can mean assigning an important household chore to a child or family member, advising and assisting them in completing their duties, and rewarding them in creative ways after the work is done – even when it may not be perfectly done been.

Fostering trust, camaraderie, and recognition doesn’t boil down to a secret formula, but rather to a set of human qualities that should serve you well in the workplace and beyond.

How Miley Cyrus turned probably the most violent LGBTQ + icons on the earth

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In the words of Miley Cyrus: “We can kiss who we want / We can fuck who we want.”

At the age of 28, the Grammy-nominated singer has already proven that she is one of the most powerful LGBTQ + activists in the world by campaigning for equality and acceptance with her platform and her lyrics. We can’t stop obsessing over her journey from Hannah Montana star to the proud pansexual icon she is today.

To celebrate Pride Month, Miley gets hits from Cher, Madonna, The pretenders, George Michael, ABBA and more during her Peacock Pride Special, Miley Cyrus presents Stand by You. You can stream the entire concert online and on your TV on Friday June 25th.

As Miley teased on Twitter, “I have a lot of guests. Much #pride. AND MANY WARDROBE CHANGES. ”Of course it will be a huge party in the USA

As fans know, this is not their first celebration of the queer community. She came out as pansexual five years ago and has been campaigning for equality for years.

The distinction between terracotta, ceramic and plastic pots and why it issues to your vegetation

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Illustration for the article titled The Difference Between Terracotta, Ceramic, and Plastic Pots and Why It Matters to Your PlantsPhoto: Sergey Ryzhov (Shutterstock)

Different pots have different uses for your home plants and planters. Plants behave differently in plastic containers than they do in glazed ceramic pots, and each pot has its own set of Care instructions. So what’s the difference between these different pots and planters? It depends on breathability and moisture retention. Here are the things to consider when looking for the perfect potted house for your plants.

What are the advantages of a plastic flower pot?

Plastic pots refer to the hard plastic pots you can find at your local gardening or hardware store (not to be confused with the thin plastic pots that come with newly purchased plants). The advantages of plastic pots are their ability to retain moisture and their overall low weight.

Plant maintenance technician Paula Palma With Planter place uses large plastic pots for her citrus plants. The lemon trees she plants need a lot of space to grow and she needs to be able to move the pots easily. The high moisture retention of plastic pots is perfect for water-loving plants like ferns and orchids. Plastic containers are also very durable and don’t break as easily as a ceramic pot. An average plastic pot will run about $ 3.

When should you choose a glazed ceramic pot?

Ceramic pots can sometimes feel like terracotta, but they vary greatly in appearance and function. Both are porous clay, but ceramic pots are usually glazed, which changes their capacity. The glaze prevents the soil from drying out as fast as its terracotta cousin. Just be careful when moving a ceramic glazed pot – it can get quite heavy once your plant is in.

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Ceramic pots are great for spider plants, Baby tears, and other plants that thrive with slow drainage. Glazed pots are also at the more expensive end of the pot spectrum and cost around about $ 80- $ 150, depending on the size and where you shop. When choosing your pot, be careful that some do not have the necessary drainage holes, so make sure you are purchasing the correct pot before buying.

Why choose terracotta pots?

Terracotta pots are known as quick drying Pots. The clay draws water away from the inside and allows the potting soil to dry faster than a plastic pot without porosity. The texture of the pot allows optimal airflow for the plant roots to thrive and the quick drying prevents root rot.

Terracotta pots are perfect for succulents, cacti, and other desert plants. These porous pots can create the perfect drainage and growth environment, but they are too break easily. These pots can cost anywhere from under a dollar to $ 10 or more, depending on the required size.

Greater than 4,100 folks have been hospitalized or died after being vaccinated, in line with the CDC

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U.S. Air Force 1st Lt. Allyson Black (R), a registered nurse, is serving COVID-19 patients in a makeshift intensive care unit in Torrance, Calif., At Harbor-UCLA Medical Center on January 21, 2021.

Mario Tama | Getty Images

More than 4,100 people in the United States have been hospitalized or died from Covid-19 despite being fully vaccinated, according to new data from the Centers for Disease Control and Prevention.

So far, at least 750 fully vaccinated people have died after contracting Covid, but the CDC found that 142 of those deaths were asymptomatic or unrelated to Covid-19, according to Monday’s data released on Friday.

The CDC received 3,907 reports from people hospitalized with groundbreaking Covid infections despite being fully vaccinated. Of these, more than 1,000 of these patients were asymptomatic or their hospital admissions were unrelated to Covid-19, the CDC said.

“Was to be expected,” said Dr. Paul Offit, a top advisor to the Food and Drug Administration on childhood vaccines, told CNBC. “The vaccines are not 100% effective, even against serious illnesses. Very small percentage of the 600,000 deaths.”

Breakthrough cases are Covid-19 infections that bypass vaccination protection. They are very rare and many are asymptomatic. The vaccines are highly effective, but they don’t block every infection. Pfizer and Moderna’s Phase III clinical trials found their two-dose regimens were 95% and 94% effective at blocking Covid-19, respectively, while Johnson & Johnson’s one-time vaccine was 66% effective in its trials % was effective. However, all three have been shown to be extremely effective in preventing people from getting seriously ill with Covid.

The CDC doesn’t count every breakthrough case. Mai stopped counting all groundbreaking cases and now only adds up those that result in hospitalization or death, a move that has been criticized by health experts.

Most Americans have received at least one injection of the two currently approved mRNA vaccines. The US has given 178.3 million vaccinations and fully vaccinated 46% of the population.

“You are just as likely to be killed by a meteorite as after a vaccine on Covid,” said Dr. Peter Chin-Hong, an infectious disease expert at the University of California San Francisco, told CNBC. “By and large, the vaccines are tremendously powerful.”

Efficacy rates for variants like Alpha and Delta decrease slightly, with studies showing 88% effectiveness against the Delta strain after two doses of the Pfizer vaccine. It was unclear whether any of the breakthrough cases reported were caused by variants.

Concerns about the Delta variant are mounting in Israel and the UK after increasing reports of breakthrough infections.

Even with 80% of adults vaccinated, Chezy Levy, director general of Israel’s Ministry of Health, said the Delta variant is responsible for 70% of new infections in the country. Levy also said a third of these new infections occurred in people who were vaccinated.

In the UK, Public Health England published a report that found that from June 8-14, 26 out of 73 deaths from the Delta variant occurred in fully vaccinated people. Most of the deaths occurred in unvaccinated people.

“Determining whether hospital admissions and deaths are more prevalent in immunocompromised patients, and the type of vaccine received will be important for future guidance,” said Chin-Hong.

On June 7, the CDC received reports of 3,459 breakthrough cases resulting in hospitalization or death. On June 18, that number was updated to 3,729, an increase of 270 cases. Today the number stands at 4,115.

The overwhelming majority, 76%, of hospital admissions and deaths from breakthrough cases occurred in people over the age of 65.

“We don’t have the years of data we have for vaccines against other airborne pathogens – so it’s really important that the CDC provide updated reports on breakthrough cases,” said David Edwards, aerosol scientist and Harvard University professor at CNBC .

The CDC says their numbers are “likely to be an undercount” of all Covid infections in vaccinated people as the data is based on passive and voluntary reporting.

– CNBC’s Berkeley Lovelace Jr. contributed to this report.

Girl reveals that her dad and mom “taxed” her cash for work: “That is fairly sensible”

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A TikToker went viral for revealing that their parents “taxed” their parental allowance, and parents everywhere think it’s awesome!

The video posted by Sami (@ samikaye0) was a “stab” (duet) response to the question, “What was the strangest thing your family did until you grew up and realized it was just you?”

Sami’s overwhelming response to that call has garnered over 10 million views and 12,000 comments since then – and potentially turned the allowance game on its head!

Sami explains with on-screen text in the video: “My parents taxed my housework at 25%. When I was 10, I would do 10 points a week to get $ 10. $ 2.50 of that went to family taxes and $ 2.50 went to a savings account, and then I’d keep the other 50% for expenses.

“Once family taxes were up enough, we would have a family meeting and vote on how to spend them.

“So we bought a new microwave once. My mom said ours worked fine but the other three of us thought it was slow and old so we overruled them.

“As an adult, to be honest, I’m so glad you did that. Because when I got a real job and all these taxes were deducted, I thought, what else is new? “

See Also: We’re Obsessed with Second Generation Google Nest!

“That is really awesome …”

TikTokers were quick to share their thoughts on Sami’s tax system for children – and most of them totally agreed!

“I was mad at you until you came to the family reunion. This is really awesome and I really love the idea! ”Wrote one user.

“Your parents should definitely write a book about it!” Wrote another user.

“That’s pretty brilliant,” commented another user.

“I love this because at a young age it teaches that YOU are benefiting from your tax money and you can decide what to do with the vote,” said another user.

“Wow, this is really a really cool and healthy money management practice!” Wrote another user.

Some TikTokers brought their own unique money management experiences growing up. “Cousin was billed rent at 16, rent went up at 18. All of the money went to a savings account, and they had a down payment on a house when they moved out,” said one user.

The story goes on

Other TikTokers responded with humor. “You should have hit back with individual deductions and tax credits,” wrote one user.

“That’s funny, my housework allowance was also taxed [a] 100% rate, ”joked another user.

Smart parents like Sami’s are raising the next generation of thought leaders and responsible citizens!

See also: You need this greatly reduced pots and pans set from Farberware!

In The Know is now available in Apple News – follow us here!

If you enjoyed this story, check out this mom teaching her 2 year old how to process his emotions in a healthy way!

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Woman Reveals Her Parents “Taxed” Their Money For Working As A Child: “That’s Pretty Brilliant” first appeared on In The Know.

Derek Chauvin sentenced to 22.5 years in jail for the homicide of George Floyd

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A judge on Friday sentenced former Minneapolis police officer Derek Chauvin to 22 and a half years in prison for the murder of George Floyd.

That sentence was less than the 40-year limit for the murder of Floyd, a black man whose death was taped while the white policeman chauvinized on the 25th for US police reform.

But it was a decade longer than the alleged sentence of second degree murder, the heaviest of the three charges for which Chauvin, 45, was convicted in court in April.

The jury also convicted him of third degree murder and second degree manslaughter. Prosecutors wanted Chauvin to serve 30 years in prison while the former cop’s attorney asked for parole.

Hennepin District Judge Peter Cahill handed 18-year-old police veteran Chauvin a tougher sentence than the sentencing guidelines recommended after finding four aggravating factors in his crimes.

These were Chauvin, who as a police officer had abused a position of trust and authority, had treated Floyd with “particular cruelty”, had committed a crime with a group of at least three other people – his police colleagues – and the fact that children were present the commission of the offense.

“The verdict is not based on emotion or sympathy,” said Cahill, who later added that he had not based the verdict on public opinion or “to send any messages.”

“But at the same time, I want to acknowledge the deep and tremendous pain that all families feel, especially the Floyd family,” said the judge. You have our sympathy. “

Cahill said the case had also been “painful across Hennepin County, across the state of Minnesota, and even across the country.”

President Joe Biden, when briefed on the length of Chauvin’s sentence, said, “Well, I am not aware of all of the circumstances that are being considered, but it seems to me, according to the guidelines, that it seems appropriate.”

Three of Chauvin’s ex-cops who stood by when Chauvin killed Floyd are awaiting trial on Minnesota state related charges next March.

All four men are also charged with violating Floyd’s civil rights in the arrest, which began after Floyd allegedly used a counterfeit $ 20 bill on a purchase.

The conviction on Friday came after emotional statements by relatives of the victim about the effects on the victim, a petition for clemency from Chauvin’s mother and Chauvin himself, who expressed “condolences to the Floyd family.”

“I ask about him all the time,” said Floyd’s 7-year-old daughter Gianna in a video shown at the beginning of the sentencing. “I asked how my father was hurt.”

When asked what she would say to her father if she could see him, Gianna said in the video: “I miss you and I love you.”

George Floyd’s 7-year-old daughter Gianna testifies on a cell phone video before former Minneapolis police officer Derek Chauvin for the murder of her father George Floyd during a sentencing ceremony in Minneapolis, Minnesota, United States, on the 25th picture from the video.

Pool via Reuters

Minnesota Assistant Attorney General Matthew Frank found Floyd lying on the floor and handcuffed when Chauvin continued to hold him back with his knee, ignoring pleas from people in a crowd and rescue workers.

“He says to Mr. Chauvin, ‘I can’t breathe, I’m dying,'” Frank said of Floyd.

“This is nine and a half minutes of cruelty towards a man who begged for his life,” said the prosecutor.

Floyd’s brother Terrence Floyd turned to Chauvin after asking the judge to impose the maximum sentence and saying he wanted to ask “why?”

“What did you think? What did you think the day you had your knee on my brother’s neck?” Terrence asked Floyd, who sometimes paused to regain his composure.

“When you knew he was no longer threatening. When he was handcuffed? Why didn’t you at least get up?

Another brother, Philonise Floyd, said that “I haven’t slept really well since George’s murder because I keep having nightmares that keep begging my brother and asking for his life.”

“My family and I were sentenced to life imprisonment. We’ll never get George back. Dads are a daughter’s first love,” said Philonise. “He will never be able to take Gianna to the altar at her wedding and take part in the magical moments of her life like a daddy-daughter dance, a sweet 16 party, a prom, graduation parties.”

Floyd’s nephew Brandon Williams said Chauvin murdered his uncle in a “malicious and insidious display of hatred and abuse of power.”

“Not only did he kill George, he showed total consideration for human life,” Williams said. “You saw it, I saw it, and millions of people in this country and around the world witnessed this act of hatred.”

“Words just cannot express the pain, agony and suffering our family and friends have endured since George was murdered,” he said. “It was really unimaginable.”

Chauvin said in a very brief statement during the sentencing: “I cannot make a full statement at this time, but I would like to express my condolences to the Floyd family.”

“There will be some other information in the future that will be of interest and I hope things will give you some peace of mind,” said Chauvin.

Former Minneapolis Police Officer Derek Chauvin speaks at his conviction hearing and the judge while awaiting his conviction after speaking on a still image for murder in Floyd’s death in Minneapolis, Minnesota, United States, on June 25, 2021 convicted on video.

Pool via Reuters

Chauvin’s mother, Carolyn Pawlenty, said: “It has been difficult for me to hear and read what the media, the public and the prosecution think is an aggressive, heartless and indifferent person.

“My son’s identity has also been reduced as a racist. I want this court to know that none of this is true and that my son is a good man,” said Pawlenty.

CNBC policy

Read more about CNBC’s political coverage:

In this image from the video, Philonise Floyd, George Floyd’s brother, becomes emotional as Hennepin County Judge Peter Cahill is on trial in the Hennepin County Courthouse in Minneapolis on Friday, June 25, 2021 while testifying about the impact of the victims Presiding against the conviction is former Minneapolis Police Officer Derek Chauvin, who was convicted on the death of George Floyd on May 25, 2020.

Court TV via AP | swimming pool

Cahill postponed the trial in the face of a state criminal complaint filed in May against the three officers and Chauvin for violating Floyd’s civil rights. The judge said he wanted to handle the federal case first and also wanted to put some time between Chauvin’s state trial and that of the other three police officers.

On Friday, in an order denying chauvin’s retrial, Cahill wrote that Chauvin’s attorney, Eric Nelson, had failed to demonstrate that the judge committed errors that deprived chauvin of fair trial or that prosecutors committed wrongdoing.

Cahill also denied a defense request for a hearing on possible jury misconduct, saying Chauvin’s attorney failed to determine that a juror made false testimony in jury selection.

15 Island Holidays That Do not Want a Passport

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Illustration for article titled 15 Island Holidays That Don't Require a PassportPhoto: Dennis Kartenkaemper (Shutterstock)

The Florida Keys

The Florida Keys are known for their great food, nightlife and sunbathing beaches. The Keys are made up of dozens of small islands off the Florida coast, the most popular of which is Key largo, Islamorada, and (obviously) Key West. The Florida Keys Bucket list provides food and entertainment Duval Street in Key West and Dolphin Experiences in marathon and Baker’s Cay Resort in Key Largo. Air travel is your best option to travel to the Keys (unless it’s a port stop on your cruise vacation).

Amelia Island, Florida

Right off the northeast coast of Florida, Amelia Island presents itself as a “secret island” – a place that is geared towards relaxation and romance. The islands Wellness activities These include nature walks, cycling, and yoga. Amelia is connected to mainland Florida by a bridge, so travel driving is relatively easy. It is also possible to arrive by plane.

Sanibel and Captiva Islands, Florida

Sanibel and Captiva are sister islands that are connected to each other (and mainland Florida) by a bridge. Both islands are known for their Restaurants and Stays by the sea, while the beaches are popular with passionate shell collectors. The Notes from the Chamber of Commerce, “So many people bomb when they visit the islands; the posture bent around the waist when you bend down to fetch a clam is known as the ‘Sanibel Stoop’. ”

Aside from strolling along the beaches, the island’s activities range from Fishing on the beach to Eco tours and cruises. Depending on where you’re from, you can fly to Fort Myers Airport – the islands are just a short 32-mile drive from there.

Taraji P. Henson raves about her position as Miss Hannigan on Annie Reside!

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Taraji P. Henson Ready for BET Awards & “Thot Girl Summer”

Taraji P. Henson has some “big shoes to fill”.

The Oscar nominee opens the iconic role of Miss Hannigan in NBC’s upcoming television musical Annie Live !. The role of Miss Hannigan was first made by the legendary Carol Burnett in Annie from 1982.

So, did Henson turn to the comedy legend for advice on playing the hilarious orphanage villain?

“I actually already sent her a letter because I love her so much,” the Empire star told E! News’ Nina Parker today in the episode of Daily Pop from June 25th. “I grew up in the hood but I saw Carol Burnett. I didn’t miss the show. I have huge footsteps to fill. I have the talent to make it my own, but with so much respect for her.”

Henson also spoke about her role as host of the BET Awards 2021 this weekend and what the gig means for her.

Rooster shit is actually helpful

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Last spring, I set out to design and maintain a sustainable garden in my back yard – and a big part of that project was using chickens to fertilize my soil and process my compost heap. All of their chopping, scraping, and resource depletion in the backyard can be diverted and trapped in a pile of carbon and nitrogen for them to feast on. The result of their efforts is the fresh, nutrient-rich soil that only a marriage of compost and chickens can produce.

My chicken and composting journey began when I flew to Florida to weather the pandemic. What I learned during the process is the following:

  • Chicks need a lot of grooming, including time under a heat lamp, to keep them warm and healthy.
  • Mixing electrolytes in their water helps chickens stay hydrated.
  • Chickens are messy. Very messy.
  • Caring for them comes at a high price – from heat lamps to incubators to chicken coops, there is a lot to build or buy in advance.
  • Chickens eat and eat and eat. They also shit and shit and shit.

The final point is where it paid off to get them involved in my composting efforts. Letting them peck on compost is a great way to cut down on the amount of feed they need, and the resulting manure is a perfect addition to the remaining compost because it is so high in nitrogen. This is important because the science behind the perfect compost heap relies on its carbon to nitrogen ratio.

The alchemy, if you’re curious, is pretty simple: mix a pile of 1 part green matter (nitrogen) to 24 parts brown matter (carbon). Leave it in the sun, stirring occasionally, and adding water as needed to keep it moist, and you will eventually produce a nutrient-rich soil. How long it takes for your soil to develop depends on the rate at which it decomposes. You can research the approximate ratio of carbon to nitrogen in the specific materials you are using – or you can rely on your sense of smell and observation to gauge how balanced your pile is. If it smells pretty, add more brown substance to the mixture; If your pile doesn’t turn into soil, add more greens into the mixture. Plus: more sun, more water and more stirring.

Check out the video above to learn more about the science behind this natural process and to consider some tips and tricks if you want to try it out for yourself.

S&P 500 climbs to a different document and is heading for its greatest week since April

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US stocks rose on Friday, with the S&P 500 building on its rally into records as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.

The broad equity benchmark rose 0.2% to hit another all-time high. The Dow Jones Industrial Average rose 160 points, or 0.5%, while the Nasdaq Composite rose 0.2%.

Wall Street extended gains after a key inflation indicator the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Department of Commerce reported Friday. The value corresponded to the expectations of the economists surveyed by Dow Jones. The core index rose 0.5% during the month, which was actually below the estimate of 0.6%.

The rise in the core price of consumer spending reflects the rapid pace of economic expansion and the resulting price pressures, and reinforces how far the nation has come since the 2020 pandemic shutdown.

“This supported the Fed’s argument that inflation is temporary and will help allay fears that we are witnessing uncontrolled inflation,” said Anu Gaggar, senior global investment analyst for the Commonwealth Financial Network. “This should continue to support risk assets like stocks.”

The S&P 500, which closed on a record Thursday, is up 2.6% this week, which would be its best gain since early April. The Dow is up 3.2% this week and the Nasdaq is up 2.6% since last Friday.

Nike stock rose 14%, which helped boost sentiment for the Dow. The company reported profits and revenues that exceeded Wall Street estimates. Digital sales have also increased by 41% since last year and by 147% compared to two years ago.

FedEx, on the flip side, was down 4% despite outperforming in earnings and gains. FedEx also gave a strong outlook for the year.

Trading volume could increase on Friday as FTSE Russell will rebalance its US stock indices at the close of the market. Bank of America estimates a total of 625 changes to the Russell indices, including the Russell 1000 and Russell 2000, will result in more than $ 170 billion worth of stocks changing hands.

The Federal Reserve announced that the banking sector could easily withstand a severe recession. The Fed announced when it released the results of its annual stress test that the 23 institutions in the 2021 test had remained “well above” the minimum capital requirement during a hypothetical economic downturn. The decision paved the way for banks to increase dividends and buy back more shares that were suspended during the pandemic.

President Joe Biden announced Thursday that the White House had signed an infrastructure deal with a non-partisan group of senators. Legislators have worked for weeks to put together a roughly $ 1 trillion package that could get through Congress with support from both parties. Among other things, the framework provides for new expenditures of 579 billion US dollars for transport such as roads, bridges and rail, the infrastructure for electric vehicles and electric mass transit.

Caterpillar shares rose 2.6% on Thursday on optimism about an infrastructure deal. Shares were up another 1% on Friday.

The stock market bounced back from last week’s swoon caused by worries about a more restrictive Federal Reserve. Last week the Dow fell 3.5% and the S&P 500 lost 1.9% as the Fed raised its rate hike schedule.

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