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| Subscribe to The Daily Money newsletter, our roundup of each day's top stories from USA TODAY Money. |
| Good morning and happy Thursday, Daily Money readers. Jayme Deerwester with you once again. |
🗞 News you should know 🗞 |
| It's not your imagination. Your Starbucks run costs more than it did just a few months ago. The coffee giant's prices have been on the rise and increased in October and then again this January, Starbucks president and CEO Kevin Johnson said Tuesday during the company's quarterly earnings call with analysts and investors. |
| And with labor, transportation and supply costs growing, more price increases are planned for this year. Prices can vary by location and by region. In Fort Lauderdale, a venti cappuccino cost $4.95 Wednesday before tax but the same drink was $5.45 in New York City. |
| "We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures, including inflation, as we position our business for the future," Johnson said. |
💡 Daily insight 💡 |
| Former Miami Dolphins coach Brian Flores' lawsuit against the NFL has people asking: what is the Rooney Rule ? In 2002, U.S. civil rights attorneys Cyrus Mehri and Johnnie Cochran released a report revealing how Black head coaches, despite having a better record of winning, were less likely to be hired and more likely to be fired than their white counterparts. |
| Within two months, the league had formed a diversity committee, headed by Pittsburgh Steelers owner Dan Rooney, and announced a diversity plan, which included the requirement in 2003 that each team interview at least one minority candidate prior to selecting a head coach. The requirement came to be known as the Rooney Rule, which has since been beefed up. |
| So what can other industries learn from the Rooney Rule? |
| "The problem with the Rooney Rule is that it sets the bar too low and has been implemented poorly in all kinds of industries, says Nicole Sanchez, founder of Vaya Consulting, which advises companies on diversity. "It's so easy to game that system," she says. "How it works often is someone goes, 'Great. I talked to a Black guy, we're done.' The question ends up becoming how sincere was that effort." |
| The more helpful approach is to look at anonymized demographic data and help hiring managers make good decisions without proactively (in the interviews) considering people's backgrounds. |
🚨 Other stories you shouldn't miss 🚨 |
| How much does that job pay? New laws across the country are helping job applicants find out. |
| CNN chief Jeff Zucker out. He resigned after his relationship with a subordinate was uncovered during the Cuomo investigation. |
| What is Biden's take on Tesla? White House straddles EV growth, union jobs as petition goes viral. |
| Not-so-smart money moves. By prioritizing your kids' college funds over retirement, investing too conservatively or trying to time the market, your can undermine yourself. |
| Hormel is giving away a chili cheese keg. This thing holds 15 gallons and serves 300. |
💵 Smells like tax season 💵 |
| With so many changes to federal taxes over the last two years, tax software that can handle your individual scenario is as important as ever. Luckily, major online providers are on top of updated income brackets and COVID-19 relief programs to help you navigate your 2021 returns. (They can even help you organize tax documents.) |
| Our sister site, Reviewed.com, walked fictional personas through the online filing process of four tax software programs. In our experience, TurboTax (available at Intuit) is easy to use whether you're new to filing taxes or you've done it time and time again. |
| Here is the best tax software programs they tested, ranked in order: |
| TurboTax H&R Block TaxAct TaxSlayer |
🎶 Mood music 🎶 |
| Today's lyric is inspired by the news of Starbucks raising its prices. And no, it's not "Blank Space" by Taylor Swift (she wasn't signing "Starbucks lovers," people). It's "Starbucks the Song" by Two Nights: "White chicks flood through the door. All this coffee will make them poor. So remember kids, coffee doesn't kill. It's your wallet that dies." |
| Remember, you can find this and every past Mood Music track in our Spotify playlist. |
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