Day: September 9, 2020

Posted in Business

Culinary and Bartenders unions announce extended benefits from MGM, Caesars

Culinary and Bartenders union members will have their family health benefits in place until March 1 of next year, even if they are currently laid off or furloughed.

The unions announced new agreements with MGM Resorts International and Caesars Entertainment Inc. Monday, the same day 18,000 domestic MGM Resorts workers were laid off.

The new agreement also includes two year recall rights for union workers who were laid off as a result of COVID-19, which means they can return to their same jobs with full seniority as business improves.

Negotiations began March 11, and the new terms cover roughly 36,000 union workers across 22 Strip properties, according to a news release.

“Behind every worker is a family, and we are proud to have partnered with MGM Resorts and Caesars Entertainment during this difficult time to ensure workers are protected during this pandemic and are not left behind when the economy

Read More
Posted in Insurance

Del. to Provide $21.5M in Health Insurance Rebates for Individua

DOVER, Del.- State Insurance Commissioner Trinidad Navarro announced Thursday more than $21.5 million in rebates for those who purchased insurance in the Delaware Health Insurance Marketplace, those who purchased Highmark Blue Cross Blue Shield Delaware plans outside of the exchange in the individual market, and for Highmark small group policyholders, in 2019.

“Now, more than ever, we need to make sure that every resident and small business can afford the health insurance they need for their families and employees. These rebates, combined with the ACA health insurance rate reduction for the coming year, do just that,” said Navarro. “This is just one of many ways we are working to reduce the cost-of-care our residents experience in the health care system.”

For the first time in the history of Delaware’s individual health insurance market, more than $12.6 million will be returned to 19,273 policyholders, with the average rebate being $656.

Read More
Posted in Money

Mining and the curious case of the digital yuan

© TechNode

Last week was a busy week in China’s blockchain world, particularly in cryptocurrency mining circles. The Battle of Bitmain drags on, while the government of Inner Mongolia is cracking down on the local mining industry. At the end of the week, the digital yuan made an appearance on a banking app, then mysteriously disappeared.



The world of blockchain moves fast, and nowhere does it move faster than China. Here’s what you need to know about China’s block-world for the week of August 24-30.

The curious case of the digital yuan

China Construction Bank, one of China’s “big four,” on Saturday opened its digital yuan e-wallet to the public. The feature was available on the bank’s app, leading to widespread speculation that the central bank’s digital currency was finally ready for public use. Some users even managed to conduct some transactions.

Later on the same day, the

Read More