News
Kokomo UAW President Faces New Allegations of Financial Misconduct – Indianapolis News | Indiana Weather | Indiana Traffic
INDIANAPOLIS (WISH) — Here’s a look at Wednesday’s business headlines with Jane King, where she discusses new allegations against Shawn Fain, Fifth Third Bank’s recent fine and more.
New allegations against UAW President Shawn Fain
A federal watchdog appointed to monitor the internal operations of the United Auto Workers is investigating new allegations against President and Kokomo native Shawn Fainincluding that he made demands to benefit his partner and his sister.
The Wall Street Journal reports that these actions would have been considered financial misconduct.
The allegation is among a series of serious but unverified allegations the regulator is investigating related to the union’s management, according to a court filing.
Indiana lithium battery factory gets federal loans
The Department of Energy is lending $1.2 billion to a lithium battery factory in Indiana. Entek will manufacture battery separators.
Battery separators play a key role in the performance and safety of lithium-ion batteries. The batteries are primarily used in electric vehicles.
Fifth Third Bank fined $20 million
The Consumer Financial Protection Bureau fined Fifth Third Bank $20 million on Tuesday for allegedly forcing auto loan customers to buy unnecessary car insurance policies and, in some cases, repossessing their vehicles when they defaulted.
Employees at the Ohio-based bank also illegally opened fake bank accounts for about 35,000 customers without their knowledge or consent as part of a cross-selling target initiative by senior management.
Fifth Third said in a statement Tuesday that its practice of unauthorized bank accounts occurred with a limited number of accounts between 2010 and 2016.
The bank said it voluntarily discontinued its auto insurance practice in January 2019.
Experts Say Most Americans Feel Tired All the Time
According to new research, the average American spends 1,460 hours a year feeling tired.
A survey of 2,000 adults looked at how they cope with their symptoms of fatigue and found that respondents feel tired for around four hours a day and almost a third feel tired even more than average.
In fact, a third of respondents always or often still feel tired, even after a good night’s sleep.
Conducted by Talker Research for MDLIVE, the survey found that 58% said feeling tired often stops them from enjoying life.
Experts say shorts are seen as unprofessional
Seventy-one percent of workers say they wear business casual or street casual clothing to work, according to a recent Gallup poll. Some things should still be off-limits, however, according to work etiquette experts.
Shorts have become a somewhat unappealing work attire amid the heat waves plaguing the U.S. This summer attire should be reserved for jobs involving children or in creative environments, they say.
Even if shorts are more stylish or have longer inseams, they can still be perceived as unprofessional in many work environments.
Similarly, experts warn against women wearing spaghetti strap tops to work.