The companies said the abortion law “threatens the health, independence, and economic stability of our workers and customers.”
Dozens of companies (see full list, below) criticized Texas’ near-total ban on abortion Tuesday, saying in anrestrictions on reproductive care will be “bad for business” and hurt workers, customers and the state’s economy—marking the largest outcry yet from the business community against Texas’ controversial Senate Bill 8 (SB 8).
Abortion rights activists rally at the Texas State Capitol on September 11, in Austin, Texas.Getty ImagesKey FactsThe letter, released through the organization Don’t Ban Equality, does not mention SB 8 specifically, but says any kind of restrictions on access to “comprehensive reproductive care,” such as abortion restrictions, “threatens the health, independence, and economic stability of our workers and customers.”
The state’s abortion restrictions that were in place before SB 8 took effect have already negatively impacted the state’s economy, the companies argue, citing figures from the Institute for Women’s Policy Research that found existing restrictions have cost the state of Texas an estimated $14.5 billion annually in economic losses. headtopics.com
Abortion and other restrictions that threaten gender equality put “our families, communities, businesses and the economy at risk,” the letter argues.Citing sources familiar with the matter, theWall Street JournalStarbucks and Microsoft were among the companies that declined to sign the letter.
Crucial Quote“Simply put, policies that restrict reproductive health care go against our values and are bad for business,” the companies wrote. “It impairs our ability to build diverse and inclusive workforce pipelines, recruit top talent across states, and protect the well-being of all the people who keep our businesses thriving day in and out.”
Big Number$105 billion. That’s the approximate amount per year that state-level restrictions on abortion cost state economies, according to the Institute for Women’s Policy Research. The letter’s organizers told theWall Street Journal, which first reported the open letter, that their effort was partly intended to dissuade other states from copying Texas’ abortion restrictions and enacting similar legislation, as several have already
they plan to do. Full ListThe 52 companies that signed the letter are Yelp, Lyft, Ben & Jerry’s, Patagonia, Lush Fresh Handmade Cosmetics, Box Inc., Asana, Madewell, Bumble, Benefit Cosmetics, Amalgamated Bank, Stitch Fix, Seventh Generation, Zendesk Inc., Atlassian Corp., Everlane, The Body Shop, Capgemini Invent, Momentive, OJO Labs, La Colombe Coffee Roasters, Adya Partners, Syzygy Plasmonics Inc., M.M.LaFleur, Brenda Thompson Communications, Visceral, Luminary, Clean Yield Asset Management, Playful Studios/ BetRed Stories, BSR, VICE Media Group, HarbourView Equity Partners, mara hoffman, Michael Stars, Civitech, Farmgirl Flowers, Medicines360, Houndstooth Coffee, Glossier, Mercury Fund, WP Engine, Clare V., Adasina Social Capital, Trillium Asset Management LLC, Spot Insurance Inc., People at the Center, Burton Snowboards, Earth Equity Advisors, LLC, Gather Voices, The Pill Club, IFundWomen and The Cru. headtopics.com
Key Background Read more: Forbes »
Grammy-award winning singer surprises street performer - CNN Video
What are the chances? A street performer in Boston was singing a John Legend song when she spotted him in the crowd. CNN's Jeanne Moos reports.
Sick and twisted to champion something like killing the unborn. Companies speaking out against abortion law in Texas. “Simply put, policies that restrict reproductive healthcare go against our values and are bad for business,”... “It impairs our ability to build diverse & inclusive workforce.., recruit top talent across states, & protect the well-being of all the people...' Texas VoteBlue2022
50 ways food has changed in the last 50 yearsWith combined sales of $5.75 trillion, it's hard to imagine any industry bigger than the food retail and services sector. The Taco Truck
Meet 50 Latinas Who Are Innovating To Sustainably, And Deliciously, Feed The WorldFrom microalgae to upcycled beverages, they are building companies that will fundamentally change the food industry, from agriculture to supply chain technology to food media.
A Fitness Model Tried The Rock's 50-Set Workout and It Took Her 1.5 Hours to FinishYouTuber Lucy Davis attempted the mammoth workout in the name of fitness and worked out exactly like Dwayne The Rock Johnson. Impressive! I would probably take a week to finish myself
I’m 50 and considering an early retirement. I want a vibrant place with moderate-left demographics where I can stretch out my savings“A place with welcoming, community-minded and educated locals would be great.” You asked us to recommend great U.S. cities for early retirement, and here are our three picks. this is terrible news
Opinion: One hopeful sign for hard-hit stocks: S&P 500 is below its 50-day moving averageOPINION: If the stock market does decline, don’t blame it on the S&P 500 breaking below its 50-day moving average. Michael Burry Warns Retail Traders About the 'Mother of All Crashes' Evegrande is just one card in a collapsing house of cards! MktwHulbert so... sell you mean. 👌
HBO Max Is 50% Off Right Now—But Here’s How You Can Still Watch It For FreeYour favorite shows at half off? Welcome to cozy season—grab your snack, your blanket, and hit play. 🍿