President Biden issued a proclamation to commemorate the 100th anniversary of the Tulsa Race Massacre and declared Monday to be a "Day of Remembrance."
Driving the news: Biden said he wanted Americans to reflect on "this solemn centennial" the "deep roots of racial terror in our nation and recommit to the work of rooting out systemic racism across our country."
America's luckiest workers are teens, as employers pour on perks and higher pay, the New York Times reports.
Why it matters: In the face of a nationwide hospitality and restaurant worker shortage, more teenagers from 16 to 19 are working now than before the pandemic erupted, per Bureau of Labor statistics cited by the Times.
U.S. financial authorities are preparing to actively regulate the $1.5 trillion cryptocurrency market amid growing concerns of a lack of oversight, the Financial Times reports.
Why it matters: New efforts under the Biden administration reflect a break from the Trump-era approach, in which the administration at times encouraged cryptocurrency use within the financial system.
China's government announced Monday it is relaxing strict family planning restrictions and allowing couples to have three children each, per an official Xinhua post translated by Channel News Asia.
Why it matters: The ruling Chinese Communist Party lifted the two-children-per-parents limit in order to counter an aging population and falling birth rate that has raised concerns about the country's economic future.
Rev. William Barber II of the Poor People’s Campaign is joining a growing movement to press Walmart for employee representation on the company’s board, Axios reports.
Driving the news: Barber, a leading figure on the Christian left, tells Axios that in remarks to shareholders this week, he'll tie the fate of workers who fell ill or died from COVID-19 to the company's sick leave policies.
Prices are expected to keep rising this summer, pushed up by bottlenecks for materials and labor, and surging consumer demand, Reuters reports.
Why it matters: The"Memorial Day Weekend price index" showed leisure-related prices up about 4.3% since the pandemic began — more than overall consumer prices, which rose 3.1% over that period.
The pandemic and last summer's protests have heightened Americans' appetite for guns, leading to "an unusual, prolonged buying spree," the New York Times reports.
Driving the news: A week this springbroke the record for federal background checks — 1.2 million, the most since the government started tracking in 1998.
Manufacturer Stetson announced Saturday it's pulling its products from a store in Nashville, Tennessee, which advertised the sale of "not vaccinated" Star of David patches for $5.
Driving the news: Protesters rallied outside Hatwrks Saturday, displaying signs with messages including "The Holocaust is not a marketing op."
Houston Methodist Hospital is being sued by 117 employees who allege its policy requiring all staff to be vaccinated against COVID-19 is unlawful, the Washington Post reported Saturday.
Why it matters: The lawsuit and similar legal challenges "could test whether employers can require employee vaccinations as the country navigates out of a pandemic that has killed nearly 600,000 Americans," WashPost notes.
