Here's what we are reading this morning:
Americans quit their jobs at a record pace in August: As COVID-19 cases surged in August, quits soared in restaurants and hotels from the previous month and rose in other public-facing jobs, such as retail and education. Nearly 900,000 people left jobs at restaurants, bars, and hotels in August, up 21% from July. Quits by retail workers rose 6%. Yet in industries such as manufacturing, construction, and transportation and warehousing, quits barely increased. In professional and business services, which includes fields such as law, engineering, and architecture, where most employees can work from home, quitting was largely flat.
Exposing Climate Threats From an Empire of Dying Gas Wells: Old oil and gas sites are a climate menace. Meet the company that owns more of America’s decaying wells than any other.
Purdue Pharma’s Sackler Family Settlement Unprecedented, Judge Says: A New York federal judge said appellate review of the $4.5 billion settlement will focus on whether the deal is permitted by the U.S. Constitution or bankruptcy code.
For-Profit Education Chain Vista College Files for Bankruptcy After Shutdown: Chicago private-equity firm Prospect Partners for years has been rolling acquisitions into Vista College, which has campuses in three states