The bottom line
What workers want in a boss; The least-affordable areas for homebuyers; Chocolate prices rise; Infrastructure and economic recovery; Record-setting salaries for programmers
What workers want in a boss
Three quarters of U.S. workers say they would prefer a demanding, high-achieving boss over one who is pleasant but ineffective. But according to one leadership consultancy, 18 percent of managers worldwide are downright “bad bosses,” scoring in the 10th percentile or below on at least one desirable trait, such as “integrity and honesty.”
The Wall Street Journal
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The least-affordable areas for homebuyers
San Francisco is the least-affordable place to be a middle-class homebuyer, with only 14 percent of homes within reach of those making the median San Francisco household income of $78,840. Orange County and Los Angeles were next, and New York City was the fourth least-affordable place to be a middle-class homeowner.
TheAtlantic.com
Chocolate prices rise
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The production cost of an average milk chocolate bar has surged by 25 percent over the last year, due to growing demand in emerging markets and bad weather in cocoa-producing countries. As a result, U.S. retail prices for chocolate are up 7 percent.
CNN.com
Infrastructure and economic recovery
The nation’s economic recovery is being held back by crumbling infrastructure. One out of nine of the 607,380 bridges in the U.S. is structurally deficient, according to the American Society of Civil Engineers, and 42 percent of the nation’s roads are congested.
The Wall Street Journal
Record-setting salaries for programmers
Silicon Valley programmers are raking in record-setting salaries, with entry-level graduates starting at $80,000. Programmers with three to five years’ experience can earn base salaries ranging anywhere between $110,000 and $130,000.
BusinessInsider.com
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June 3 editorial cartoons
Cartoons Tuesday's political cartoons include RFK Jr. and the CDC, Elon Musk's DOGE exit, and Donald Trump versus academic freedom
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Gaza Humanitarian Foundation: the group behind Gaza's controversial new aid programme
The Explainer Deadly shootings and chaotic scenes have been reported at aid sites after US group replaced UN humanitarian organisations
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Is UK's new defence plan transformational or too little, too late?
Today's Big Question Labour's 10-year strategy 'an exercise in tightly bounded ambition' already 'overshadowed by a row over money'
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The news at a glance...International
feature International
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The bottom line
feature Youthful startup founders; High salaries for anesthesiologists; The myth of too much homework; More mothers stay a home; Audiences are down, but box office revenue rises
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The week at a glance...Americas
feature Americas
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The news at a glance...United States
feature United States
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The news at a glance
feature Comcast defends planned TWC merger; Toyota recalls 6.39 million vehicles; Takeda faces $6 billion in damages; American updates loyalty program; Regulators hike leverage ratio
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The bottom line
feature The rising cost of graduate degrees; NSA surveillance affects tech profits; A glass ceiling for female chefs?; Bonding to a brand name; Generous Wall Street bonuses
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The news at a glance
feature GM chief faces Congress; FBI targets high-frequency trading; Yellen confirms continued low rates; BofA settles mortgage claims for $9.3B; Apple and Samsung duke it out
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The week at a glance...International
feature International