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| Good morning, Daily Money team, Nathan here wishing you a happy Wednesday! |
| 💼 As a business reporter since 2006, I can attest that announcements about new jobs were big stories in the aftermath of the Great Recession. |
| We, as a nation, were desperate for good economic news. Those stories were popular. |
| But, looking back on it, I can't help but wonder whether we, as journalists, failed to apply enough scrutiny to big hiring promises. |
| That's on my mind today as we publish the third and final part of our investigative series on start-up automaker Elio Motors. |
| Elio promised to hire 1,500 workers at a former General Motors plant in Shreveport, Louisiana. It never happened – and, in retrospect, the company's roadmap to production looks like wishful thinking. |
| Some journalists were skeptical from the beginning. But this company got a LOT of publicity for its pledge to reinvigorate a big factory in a struggling area, including stories by yours truly. |
| I hope this series has set the record straight. If you missed it, here's Part 1 and Part 2. |
| This labor-intensive series is available only to digital subscribers, so I hope you'll consider supporting our journalism here! |
| 💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here! |
| On to our ... |
| 💡 INSIGHT OF THE DAY: I'm sure you remember when businesses were temporarily closed in the early months of the pandemic due to government shutdowns and social distancing efforts. Well, 85% of businesses that shuttered from March 2020 through the third quarter of 2020 are up and running, according to data analyzed by Yelp. |
| ⌚ WHAT TO WATCH FOR: It sounds like Facebook is poised to change its name. The social media giant is reportedly weighing a plan to change its corporate identity, aiming to broaden the scope of how people view the company. Essentially, there would be a new name for the overarching company with Facebook the site and app not changing its name. Think of it like how Google, several years ago, became a division of Alphabet. Facebook, of course, also owns Instagram and WhatsApp. |
| 📰 And here are more stories you won't want to miss: |
| 1. 37% of Americans worry their emergency funds aren't big enough: Here's how to build yours fast. |
| 2. Remember Fisher-Price's classic toy telephone? It's now a real working phone, and you can buy one. |
| 3. Think resort fees are too high? A lawsuit claims the fees made Marriott tens of millions. |
| 4. Time to polish your Mac, iPhone and iPad: Apple is now selling a polishing cloth for $19. |
| 💻 I might need to get one. I'm sick of all the smudges on my screen! |
| You can follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday morning. |
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