#marklevine

bing news | NYC Pensions Seeks Bids for Index Funds Run by BlackRock, State Street AI generated summary, Read the full article for complete information. New York City’s pension system announced it is soliciting bids for approximately $92 billion of stock index‑tracking funds that are currently managed by BlackRock Inc. and State Street Investment Management, as the existing contracts expire at the end of the year. All interested firms, including the incumbent managers, may submit proposals by July 15, according to City Comptroller Mark Levine. At present, BlackRock oversees about $65 billion of passively managed equity funds for the pension plans, while State Street administers more than $27 billion. Read more: https://www.bloomberg.com/news/articles/2026-06-12/nyc-pensions-to-seek-bids-for-index-funds-run-by-blackrock-state-street #OliviaRaimonde #MarkLevine #BlackRock #StateStreet #NYCPensions

NPR Topics: News | How algorithms wreaked havoc with these workers' schedules and cut their pay by Huo Jingnan AI generated summary, Read the full article for complete information. The article examines how LanguageLine Solutions’ adoption of AI‑driven scheduling software dramatically disrupted the work lives of its Haitian‑Creole, Polish‑English, Russian‑English, and other interpreters. After a business downturn in 2025, the new platform—NiCE—fragmented shifts, cut hours by up to 20 % and, in some cases, imposed unpaid “mandatory involuntary time off,” leaving workers like single‑mother Yves Valerus financially strained and forced to prioritize basic expenses. Interpreters report near‑constant calls with only a 15‑second break, heightened stress, and a loss of downtime that previously allowed for rest. In response, more than 200 interpreters have petitioned the company and begun unionizing with the Communications Workers of America, raising concerns about the broader rollout of algorithmic management and AI in low‑wage, hourly jobs; city officials, including New York City’s comptroller, are now scrutinizing LanguageLine’s labor practices. Read more: https://www.npr.org/2026/05/03/nx-s1-5786926/jobs-labor-productivity-languageline-unionize #YvesValerus #LanguageLineSolutions #NiCE #CommunicationsWorkers #MarkLevine