"Tech Prophet" Who Predicted the iPhone Now Predicts...

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

What to know about Trump's buyout proposal for federal employees

BRIAN WITTE
January 29, 2025

President Donald Trump's administration is offering buyouts to federal employees to quickly reduce the government workforce. They don't have a long time to decide: The deadline is Feb. 6.

The buyouts are for all full-time federal employees except for military personnel, employees of the U.S. Postal Service and those in positions related to immigration enforcement and national security. They would get about eight months of salary if they accept.

An email about the offer was sent Tuesday to more than 2 million workers, according to Katie Miller, who serves on an advisory board to the Department of Government Efficiency, a special commission headed by Tesla CEO Elon Musk and tasked with shrinking the size of government.

Here's what we know about the offer and the makeup of the federal workforce:

What is the offer?

In addition to receiving their salary and retaining all benefits during this time, workers who go along will be exempted from all applicable in-person work requirements until Sept. 30, as the administration pushes to require employees to return to offices. The emailed offer includes instructions on how to accept: select "Reply" and "Type the word 'Resign' into the body of this email and hit 'send.'"

What if workers decide to stay?

They will be expected to return to their offices full time, in keeping with the president's push to end COVID-19 pandemic-era remote work. The memo says Trump "will insist on excellence at every level." It also notes that the majority of federal agencies "are likely to be downsized," and that "employees will be subject to enhanced standards of suitability and conduct as we move forward."

Can they return to government service?

Workers who take the buyout can apply for other government work in the future.

How many employees are there?

The federal government employed more than 3 million people as of November, accounting for nearly 1.9% of the nation's entire civilian workforce, according to the Pew Research Center. The civilian workforce is about 2.4 million, excluding U.S. Postal Service employees and active-duty military.

The number of federal workers who are not postal employees or active-duty military has been slowly growing since 2000, but has mostly kept pace with the growth of the overall population, according to an analysis by Pew.

How long do federal employees stay on the job?

The average tenure for a federal employee is nearly 12 years, according to a Pew analysis of data from the Office of Personnel Management. The highest percentage of them, about 19%, have worked for the government between five years and 10 years About 15% have worked between 10 years to 14 years, and about 14% have worked between 15 years and 19 years. The numbers drop off after that. Nearly 9% have worked 20 years to 24 years, and nearly 4% have worked between 25 years and 29 years. A little more than 3% have worked 30 years to 34 years, and about 3.4% have worked 35 or more years.

Where do they work?

The largest chunk of federal workers, nearly 20%, are in the District of Columbia and neighboring Maryland and Virginia, according to the Pew analysis. California, the nation's largest state by population, has the highest number, about 147,500, but that's less than 1% of total nonfarming employees in the state.

Other big states also have large numbers of federal workers. There are about 130,000 in Texas, but that accounts for less than 1% of nonfarming jobs there; Florida has about 94,000.

What do workers say about the offer?

Federal workers only got the offer late Tuesday. The proposal was criticized by the head of the American Federation of Government Employees Union, Everett Kelley, who said the buyouts were more of an effort to pressure workers who were not considered loyal to the new administration to leave their jobs.

"Purging the federal government of dedicated career federal employees will have vast, unintended consequences that will cause chaos for the Americans who depend on a functioning federal government," Kelley said in a statement. "Between the flurry of anti-worker executive orders and policies, it is clear that the Trump administration's goal is to turn the federal government into a toxic environment where workers cannot stay even if they want to."

Continue Reading...

Popular

New study shows global luxury shoppers are spurning high-end brands over steep price hikes

MILAN (AP) — Global sales of are forecast to contract for the second straight year, as well-heeled shoppers rebel against extravagant price hikes on ho-hum offerings and global turmoil shakes confidence, according to a new study by consultancy released on Thursday.

AP Business News Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom’s .

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

MacKenzie Scott Has Donated More Than $19 Billion, Yet Her Wealth Grows Faster

MacKenzie Scott, the billionaire philanthropist and ex-wife of Amazon founder Jeff Bezos, has donated a staggering $19.25 billion since 2020.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Weekend roundup: Trump's China tariff shift, $17T investment claim, Dalio warns of market melt-up, shutdown hits GDP, Schiff weighs in on Supreme Court review.

Cathie Wood Confirms $1 Million Bitcoin Price Target Despite Market Volatility

Cathie Wood, CEO of ARK Invest, remains confident in Bitcoin‘s (CRYPTO: BTC) future, even in the face of market volatility.

Metals... Not Missles... Is the New Arms Race - Ad

China and Russia control 70% of the world's critical minerals, giving them leverage over the West. One N. American discovery could help shift that balance by developing the metals essential for defense systems.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

As infant botulism cases climb to 31, recalled ByHeart baby formula is still on some store shelves

As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the on some store shelves.

Congress to Feature Trump on $100 Bill? - Ad

A shocking new plan was just introduced in Washington; to celebrate Trump's new "golden age" by placing him on the $100 bill. In the months ahead, this former Presidential Advisor predicts the government will release a massive multi-trillion-dollar asset which it has held back for more than a century.

Trump Wants Washington Commanders' $3.7 Billion Stadium Named After Him: Report

President Donald Trump is seeking to have the Washington Commanders' new $3.7 billion stadium named after him.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

From Strong to Stunning: New Drill Hole Sets a New Bar - Ad

Earlier holes showed 2.4% and 2.7% CuEq. This new hit just delivered 6.93% over nearly 20 metres. That's a game-changer - and it comes with deep insider alignment and an active program.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Obesity, diabetes treatments fuel Eli Lilly growth and spark bidding war

The market for obesity and diabetes treatments remains scorching hot, funneling billions in sales to Eli Lilly and fueling a bidding war over another drugmaker.

This Is the Type of Drill Hole That Changes Everything - Ad

A 19.5 metre zone returned 6.93% CuEq with a core 6.3 metre interval at 17.91%. The structure is bigger, richer, and more gold-loaded than expected. Drilling is active, and majors are watching.

Indians who fled a Myanmar cyberscam center are being flown home from Thailand

MAE SOT, Thailand (AP) — is repatriating on Thursday the first batch of hundreds of its nationals who last month fled to Thailand from Myanmar, where most had been working at a .

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

OpenAI and Amazon sign $38B deal for AI computing power

SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon's cloud computing services.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

Donald Trump's Popularity Falls As Shutdown Drags On

President Donald Trump's approval rating has continued to drop, with the latest poll showing a significant decline, raising concerns for the Republican Party as the 2026 midterm elections approach.

Gold Near $4,073. Copper Tight. This Drill Hit Came Just in Time. - Ad

Dual exposure to two surging metals, plus 17.91% CuEq over mineable width, and infrastructure on site - this is what juniors dream of. And the market is just starting to notice.

S&P Global Boosts Outlook As CEO Hails Exceptional Growth

S&P Global (NYSE: SPGI) shares surge after reporting strong Q3 results, beating expectations with adjusted earnings of $4.73 per share.

Trump Barred From Deploying Oregon National Guard To Portland, Judge Cites State Sovereignty

A federal judge handed down a decisive ruling on Friday, blocking Trump's attempt to send Oregon's National Guard to Portland.

America's Defense Future Starts Underground - Ad

A N. American metals project just caught the attention of Rio Tinto - a mining giant. With four projects in key regions, this firm is aligned with Washington's push to rebuild the defense-metal supply chain.

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Bitcoin's Crash Below $100,000 Isn't The End: Wall Street Vet Says: 'We Have To Get Through This'

For the first time since July, Bitcoin (CRYPTO: BTC) fell below $100,000 on Tuesday as the crypto sell-off saw $1.7 billion in liquidations in 24 hours.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service