5 Things to Know Today: December 14, 2016
Liz Biscevic—5 Things to Know Today
In case you missed it, Portland is imposing a tax on companies that pay their CEOs too much, Americans are giving more money to charities than ever before, and gamifying the recycling problem might help inspire action.
In addition the city's current 2.2 percent net income tax, Portland will add an additional 10 percent surtax to publicly traded companies that pay their CEOs more than 100 times the average employee salary. If a CEO makes more than 250 times the average employee salary, the company will pay an additional 25 percent surtax.
Giving has been on the rise since 2012, but it's reached a record high this holiday season. Though some people credit spike in altruism to a "Trump Bump" of voters giving in direct response to this year's election, experts say it's more likely due to the nation's economic growth. As the stock market continues to set record highs, it's normal for donations to do the same.
The in-development app amEco, which draws inspiration from existing apps like Habitica, a role-playing game that helps you practice good habits, is a game that lets users “rescue” adorable critters by recycling materials into specific bins.
Following a successful pilot program in Hamburg Germany, UPS’s electronic tricycle prototype is being tested in Portland, Oregon during the holiday season. If successful, the trikes will take trucks off the road in places where traffic congestion is high. Portland’s hilly terrain and long routes make it the perfect environment to test the engineering before rolling it out to other big cities.
There are tons of new factors to consider when opening a bank account for your child, and financial experts say it’s never too soon to start a savings plan. No matter what sort of account you choose, there are some specific rules and guidelines.