>>Federal Reserve To Announce Interest Rate Decision
(Washington, DC) -- The Federal Reserve wraps up its two-day meeting today with another interest rate hike widely expected. Last month policymakers pressed pause on rate hikes for the first time in 15 months. Officials have been striving to bring inflation down to two-percent by increasing rates all year long. Fed Chairman Jerome Powell's post-meeting comments will likely provide insight into what's next for the Central Bank's policy and how it currently views the state of the economy.
>>UPS, Teamsters Avert Strike
(Sandy Springs, GA) -- UPS and Teamsters are avoiding a strike after reaching a tentative agreement yesterday on a new labor contract. A strike by UPS workers would have been the largest in U.S. history. Ratification of the new five year deal could take about three weeks. UPS CEO Carol Tome called it a "win-win" agreement for employees and customers. The union represents more than 300-thousand workers at the package carrier.
>>Bipartisan Bill Addresses College Athlete Compensation
(Washington, DC) -- A new bipartisan bill would make changes to how college athletes make money off their names and likeness. Democratic Senator Joe Manchin of West Virginia and Republican Senator Tommy Tuberville of Alabama unveiled a bill on Tuesday called the "Protecting Athletes, Schools and Sports Act." It would establish a national standard for the use of a college athlete's name, image and likeness. It would also require the NCAA to develop a uniform standard contract for name-image-and-likeness deals.
>>Harvard Legacy Admissions Under Investigation
(Cambridge, MA) -- Harvard University is under investigation by the Department of Education over its use of legacy admissions. A complaint from an advocacy group alleges that the university is potentially violating federal civil rights law through legacy admissions, putting applicants of color at a disadvantage. Legacy admissions give preferential treatment to applicants who are children or relatives of alumni. At Harvard 70 percent of those applicants are white.
>>Disney Settles Class-Action Over Magic Key
(Anaheim, CA) -- Disney is settling a class-action lawsuit over its Magic Key annual pass. The suit accused the company of deceiving annual pass-holders into thinking they would get unlimited access to the Disney resort. The claimants add that Disney artificially limited top-tier pass-holders in favor of daily visitors. Magic Key passes range from about four-hundred-50 to 15-hundred dollars. Details of the settlement were not made public but there are about one million people who belong to one of four Magic Key tiers.
