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Bank of America is raising its minimum pay to an hour for its more than 205,000 employees.The company will implement the new minimum wage over the next two years, according to comments made by CEO Brian Moynihan on MSNBC earlier Tuesday.Paychecks will initially be raised to an hour starting May 1, before climbing incrementally until 2021. Two years ago, the bank's employees got a raise to a minimum of an hour, according to a company press release.BofA is not the first main street bank to up minimum compensation for its employees. In January last year, JPMorgan Chase announced its intention to 624

ANN ARBOR, Mich. -- Elizabeth James says her favorite holiday is Martin Luther King Day, because it reminds her of when she and her grandmother 156

As unrest spread across dozens of American cities on Friday, the Pentagon took the rare step of ordering the Army to put several active-duty U.S. military police units on the ready to deploy to Minneapolis, where the police killing of George Floyd sparked the widespread protests. That's according to three people with direct knowledge of the orders who did not want their names used because they were not authorized to discuss the preparations. Soldiers from Fort Bragg in North Carolina and Fort Drum in New York have been ordered to be ready to deploy within four hours if called.The troops could be used in addition to 500 Minnesota National Guard troops called up on Thursday. 693

Canada is warming up faster than the rest of the world, according to a report commissioned by the Canadian Environment and Climate Change Department.The report -- titled "Canada's Changing Climate Report" -- says, on average, Canada's climate has been and will continue to warm at double the rate of global warming. The report also says since 1948, when records became available, Canada's average land temperature increased by 1.7 degrees Celsius (approximately 3 degrees Fahrenheit).Some of the key takeaways from the report included:The observed warming of Canadian temperatures are due to "human influence."There has been more rain than snowfall in Canada since 1948, a trend that looks to continue over the 21st century.Temperature extremes have changed in Canada, meaning extreme warm temperatures are getting hotter and extreme cold is becoming less cold.Extreme hot temperatures will become more frequent and intense.Over the last 30 years, the amount of snow-covered land has decreased in Canada.Flooding is expected to increase in Canada because of sea-level rise.Freshwater shortages in the summer are expected because warmer summers will increase the evaporation of surface water.Michael Mann, a distinguished professor of atmospheric science at Penn State University, told CNN that the report confirms what's already known, "North America, and especially Canada, is seeing even more rapid warming than the planet on the whole, and the impacts are now readily apparent.""In the case of Canada, climate change threatens its very identity, melting its glaciers and ice, shortening its iconic winters by turning snowfall into rain, and flooding its beautiful coastlines," Mann said. "This latest report drives home the fact that climate change is a dire threat now, and if we don't act to dramatically reduce carbon emissions, that threat will only worsen with time."Katharine Hayhoe, director of the Climate Science Center at Texas Tech University, said climate change matters because "it affects us here and now.""Warmer conditions bring summer heat waves, record-breaking floods and wildfires, sea level rise, permafrost thaw, invasive species, and a host of other impacts we're not prepared for," Hayhoe said. "Understanding how climate is changing in the places where we live and what this means for our future is key to ensuring our future is better, not worse than, today."Similar to Canada, US researchers also warned of the affects of climate change.In November, the US Global Change Research Program released a report saying the economy could lose hundreds of billions of dollars -- or, in the worst-case scenario, more than 10% of its gross domestic product (GDP) -- by the end of the century."The global average temperature is much higher and is rising more rapidly than anything modern civilization has experienced, and this warming trend can only be explained by human activities," said David Easterling, director of the Technical Support Unit at the NOAA National Centers for Environmental Information.Without significant reductions in greenhouse emissions, the annual average global temperature could increase 9 degrees Fahrenheit (5 Celsius) or more by the end of this century, compared with preindustrial temperatures, the report says.One of the impacts of climate change in the US, the report says, is that the Midwestern part of the US is predicted to have the largest increase in extreme temperature and will see an additional 2,000 premature deaths per year by 2090.The report also says more people will be exposed to more foodborne and waterborne diseases, particularly children, the elderly, the poor and communities of color. 3670

At least 10 big businesses have said they will be shuttering some, if not all, of their brick-and-mortar stores this year. Many are affected by the popularity of online shopping.Here are the stores that announced closures in recent months:1. Victoria's SecretSales in 2018 dropped dramatically for Victoria's Secret, and it announced 53 stores will close in 2019.2. JCPenneyAt least 24 JCPenney stores will close in 2019, after it closed dozens in 2018 and 2017.3. Family DollarFamily Dollar announced in March 2019 that it will close 390 stores in the year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.4. GymboreeGymboree announced in January it has filed for Chapter 11 bankruptcy protection, and that filing has led to the impending closure of 800 stores.5. Payless ShoeSourcePayless ShoeSource filed for bankruptcy a few years ago, and in 2019 announced it will close all of it's stores. Sales on its website immediately closes.6. Charlotte RusseClothing retailer Charlotte Russe will close all of its 416 stores in 2019, which it announced after filing for bankruptcy in February.7. GAPThe CEO of Gap said stores that are not meeting its profitability requirements will close, and the Old Navy brand will be split off and made its own company. Closures will include 230 Gap stores in 2019 and 2020.8. Ann Taylor, Loft, Lane Brant: The Ascena Retail GroupAscena Retail Group owns brands such as Ann Taylor, Loft and Lane Bryant and has been closing stories since 2017. More are expected in 2019.9. Macy'sEight Macy's stores in locations the company believes may be over-saturated will close in 2019. The company closed dozens of stores in 2017.10. LifeWay Christian StoresLifeWay leaders said all of its 170 brick-and-mortar stores will close, but it will continue in the online retail business. 1861