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Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.
Persons: , Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies
Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.
Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax
When it comes to newer consumer-social startups, the environment they're entering is turbulent — investor checks have dwindled, users are facing subscription burnout, and successful advertising models require massive scale. AdvertisementSo how are the emerging, buzzy social startups approaching monetization in 2024? "There's really only two monetization business models for consumer products," said Tiffany "TZ" Zhong, founder of new social platform NoSpace and early-stage VC firm Pineapple Capital. 3 ways new social-networking startups are approaching monetizationWhile some newer social startups are already monetizing their product, many are still pre-revenue and experimenting with different models to see which will make sense for their product and audience. And Verse CEO Bobby Pinckney told BI that the social platform, centered around music, plans to add a premium subscription that will unlock advanced AI tools, analytics, and templates.
Persons: , there's, Eric Wittman, Tiffany, Zhong, VCs, Bianca Ambrosini, Ambrosini, Marlon Nichols, Nichols, Emma Bates, Andrew Kahn, Danial Hashemi, Alexandra Debow, Bobby Pinckney Organizations: Service, Meta, Business, Pineapple, Mac Venture Capital, Twitter, Crush Ventures, Crush, BI Locations: Berlin
Mervana Parekh is a principal at Acrew and has invested in social startups like Diem, Afterparty, and Anything World. Best Nights VC. Nichols is a founding managing partner at MaC, which recently invested in social startups like Spill and Swsh. Boyce has backed a slew of new social startups, including Diem, Lex, Koodos Labs, and Swsh, alongside associate Rhian Horton. In 2024, Best Nights is looking to invest in companies that facilitate travel experiences after hearing people say their best nights have happened during trips or vacations, said de Silva.
Persons: , Connie Chan, Mervana Parekh, Peter Boyce II, Marlon Nichols, Catalyst, Web3, Peter, Diem, Afterparty, Lorrain de Silva, Andrew Kahn, Miley Cyrus, Lorde, Kahn, Aaron Matusow, Dan Kruchkow, Nichols, Elizabeth Weil, Kevin Weil, John Smothers, Boyce, Lex, Rhian Horton, Lorrain, Silva, BestNights, Aaron Leithäuser, Gen Z, Peter Boyce, de Silva, Acrew Organizations: Service, Business, Acrew, Stellation, MaC Venture, VCs, Stanford University, Startup, Pudgy Penguins, Crush Ventures, VC, Crush, MaC Venture Capital, MaC, Catalyst, Koodos Labs, Big Tech Locations: 1kx, San Francisco , New York, Lisbon, Acrew, San Francisco, Berlin, Los Angeles and New York, Los Angeles, New York, Rythm
Strong WiFi, a business center, and food service are some of the recommended perks. This article is part of "Business Travel Playbook," a series about making the most of work travel. Business travel slowed significantly when the pandemic hit in 2020, but it's rebounding. Last year, the Global Business Travel Association predicted global business-travel spending would reach $1.4 trillion in 2024 . She makes a point to explore a destination on each business trip, she said — even if she's been there before.
Persons: , Karen Mitchell, Jen Catto, Jill Johnson, Johnson, Samantha Drucker, Catto, Mitchell, Drucker, she's Organizations: Service, Global Business Travel Association, Business, Institute for Entrepreneurial Leadership, Puget Sound Locations: New York, Florida, New Delhi, India, Oakland , California, Seattle
Mark Zuckerberg has had quite the week
  + stars: | 2024-02-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
In today's big story, we're recapping earnings from three tech giants: Meta, Apple, and Amazon. The big storyMeta's mega-winMark Zuckerberg is smiling: Its profit margins are much improved — and that's partly because of a shrinking headcount. Josh Edelson/AFP/Getty Images ; Isabel Fernandez-Pujol/ BIMark Zuckerberg has had quite the week. It lost $16 billion on the Metaverse in 2023, and Zuckerberg indicated more pain for years to come.) Following the success of Meta's "Year of Efficiency," Zuckerberg said that the company may never go back to large-scale hiring.
Persons: , Phil doesn't, Zuck, Mark Zuckerberg, Josh Edelson, Isabel Fernandez, Sarah Jackson, Meta, Zuckerberg, BI's Peter Kafka, Peter, Richard Drew, Wall Street's, Rufus, BI's Eugene Kim, Amazon, Aaron Schwartz, Diem, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Apple, Business, Getty, Pujol, Meta, Amazon, Xinhua, Microsoft, Chevron Corporation, ExxonMobil, Cigna Locations: AFP, China, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJamie Lee Curtis says she doesn't think about the future now that she's 65. "When you're my age, you're not thinking about the future because the future means that you are going to be dead," Curtis told "Today" host Hoda Kotb. You're thinking about new shoes, new clothes, dentists, schools — everything is the future," she added. "I say what I mean, I mean what I say, I try not to say it mean."
Persons: , Jamie Lee Curtis, Curtis, Jeremy Allen, She's, she's Organizations: Service, Business, AARP, American Association of Retired
Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.
Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa
Southwest Airlines and its pilots' union have reached a new preliminary labor agreement that would give pilots 50% cumulative pay increases over the life of the contract, a deal that could end years of tense negotiations. The five-year deal is worth about $12 billion, Casey Murray, president of the Southwest Airlines Pilots Association, told CNBC on Tuesday. In comparison, larger rival United Airlines ' new four-year pilot contract is worth about $10 billion, according to the aviators' union. Once the contract becomes amendable, Southwest pilots would get 2.5% annual bonuses until the airline and union reach a new agreement. FedEx pilots rejected an preliminary deal earlier this year, while UPS pilots' union is set to start negotiations in mid-2024.
Persons: Casey Murray Organizations: Southwest Airlines, Southwest, U.S, Southwest Airlines Pilots Association, CNBC, United Airlines, United, Delta, FedEx, UPS, U.S . Department of Transportation, Labor, Hollywood, United Auto Workers union Locations: Southwest
"It feels that [2023]was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25," Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview. Since then, the crypto industry has been hit with a litany of issues from the collapse of coins and projects to bankruptcies and criminal trials. It began with Standard Chartered last week which reiterated an April price call that bitcoin would hit $100,000 by end of 2024. "Combined with geopolitical crosscurrents, this healthy dose of monetary support should push Bitcoin to new highs in 2024."
Persons: Chino, Bitcoin, Pascal Gauthier, Ledger, Sam Bankman, Changpeng Zhao, David Marcus, Marcus, Facebook's, Diem, Gauthier, Vijay Ayyar, Matrixport Organizations: Getty, CNBC, U.S . Department of Justice, bitcoin, Standard Chartered, Federal Reserve
Diem Nguyen recently bought a home near San Francisco without using a real-estate broker. AdvertisementIn October, Diem Nguyen bought a home in the San Francisco Bay Area for $1.6 million — without a realtor. About 88% of homebuyers this year used a real-estate agent, Zillow found . Have you bought a home without a real-estate agent? (Aalto does have a team of real-estate agents working behind the scenes, but they are salaried rather than paid by commission.
Persons: Diem Nguyen, , Aalto, Buyers, Nguyen, Zillow, Sellers, Jordan Pandy, Ilyce Glink, Samuel J, Tamkin Organizations: Service, San Francisco Bay Area, country's, Buyers, Rocket Mortgage, Washington Post, Sarasota Herald, Tribune Locations: San Francisco, San Francisco Bay, California, Washington, Zillow, Sarasota
A Friendship Forged in Wartime Casts a Long Shadow
  + stars: | 2023-10-27 | by ( Jennifer Egan | ) www.nytimes.com   time to read: +2 min
ABSOLUTION, by Alice McDermottAlice McDermott is rightly celebrated for her granular, nuanced portraits of mid-20th-century life, with a particular focus on Irish Americans. Her fans may be startled, then, to find themselves plunged into 1963 Saigon at the start of her enveloping new novel, “Absolution,” whose lofty title belies its sensory, gritty humanity. McDermott’s contextual leap is not as great as it might seem. A bossy insider and mother of three, Charlene masterminds a “cabal” of charitable military-industrial wives bent on helping poor and ailing Vietnamese. Their work consists of channeling black-market profits into buying trinkets and candy to distribute to hospitalized children (some of whom may be recovering from war wounds) and their impoverished families.
Persons: Alice McDermott Alice McDermott, ” Patricia Kelly, Peter, Billy Lynch, “ Charming Billy ”, Marie, Peter Kelly’s, Kennedy, Ngo Dinh Diem, ” Graham Greene’s, McDermott, , Patricia, Charlene, Charlene masterminds Organizations: Americans, Catholic, Central Intelligence Agency, “ Catholic Intelligence Agency, WASP Locations: Saigon, American, McDermott’s, , Vietnam, South Vietnam
Healthcare staffing firm Nomad Health just cut its workforce for the second time this year, as high inflation continues to squeeze hospital budgets. Nomad Health, which connects nurses and other health professionals to open jobs, confirmed in an email to Insider that it announced a round of layoffs affecting its nonclinical workforce on October 3. Alexi Nazem Alexi NazemNomad Health cited similar factors when it slashed 17% of its workforce, or 119 employees, in February. Nomad Health also banked extra cash last year, raising $105 million in June 2022 at an undisclosed valuation. Do you work at Nomad Health?
Persons: Maquel Shaw, Alexi Nazem Alexi, Alexi Nazem, Forbes, he'd, Rebecca Torrence Organizations: Nomad, Nomad Health Locations: rtorrence@insider.com
The top superyachts at Monaco Yacht Show 2023
  + stars: | 2023-09-27 | by ( Tamara Hardingham-Gill | ) edition.cnn.com   time to read: +7 min
“It shows the evolution of yacht design and the use of a yacht,” says Pizzardini. The Monaco Yacht Show’s Sustainability Hub, which showcases what are touted as sustainable solutions and eco-friendly projects, is returning to the show for its second year. RossinaviThere were 5,695 superyachts over 30 meters in operation in mid-August, according to the Monaco Yacht Show Market Report 2023 published by SuperYacht Times. The report goes on to state that new yacht sales were behind by 34% at the start of September, while used yacht sales were down by around 25%. There are lots of expectations for this year.”Monaco Yacht Show 2023 begins on September 27, and ends on September 30.
Persons: Julien Hubert, Marcela Royer, ” Johan Pizzardini, Royer, , they’re, Guillaume Plisson, Tecnomar –, , – it’s, Vitruvius, Francesco Paszkowski, Maurizio Paradisi, Amels, Amare, Aurelia, Lara, Pizzardini, superyachts, it’s Organizations: CNN, Monaco, Tankoa Yachts, CNN Travel, Monaco’s, Amels, Italian, Group Yachts, , Rossinavi, SuperYacht Times Locations: Monaco, Netherlands, London, Carinthia
With an ultimate goal to be the go-to currency for the global financial system, it was, in hindsight, too ambitious, Marcus admits now. "If you're dependent on one centralized stablecoin to do global payments, it's a problem as we've experienced firsthand," he said. Why Meta's crypto project failedIn 2019 Meta unveiled plans to create a digital currency pegged to hard currencies including the US dollar. With his new startup, Lightspark, Marcus plans to hypercharge the global payments system is simpler, or at least less grandiose. Users will swap their local currency for bitcoin and then have it converted to the local currency of whichever country the capital is needed in.
Persons: David Marcus, Meta's, Libra, Diem, Marcus, Meta, that's, Mark Zuckerberg, he's, Christian Catalini, Marcus's, Catalini Organizations: PayPal, Visa, Securities and Exchange Commission, Meta, bitcoin, Facebook, JPMorgan, Bloomberg Locations: Manhattan, Los Angeles, Bahrain
Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.
Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, , Kajari Kamal, , ” Modi, , Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, , Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi
Judi Dench says she can’t see on movie sets anymore
  + stars: | 2023-07-31 | by ( Jack Guy | ) edition.cnn.com   time to read: +2 min
CNN —Oscar-winning actor Judi Dench says that a degenerative eye condition has left her unable to read scripts or see on set. Dench, 88, told UK newspaper the Daily Mirror’s Notebook magazine on Sunday that it’s hard to learn lines with her condition. “I mean I can’t see on a film set anymore,” said Dench. Despite these difficulties, Dench said she will try to work “as much as I can.”CNN has reached out to Dench’s representatives. “That’s my motto: ‘Seize the day.’” Dench told Surrey Life magazine at the time.
Persons: CNN — Oscar, Judi Dench, Dench, , , ” Dench, Oscar, Elizabeth I, Graham Norton, William Shakespeare’s “, ’ ” Dench, “ Finty, Edward Enninful Organizations: CNN, Globes, Surrey Life, British Vogue Locations: Love, British
6 Paris Bistros to Try Now
  + stars: | 2023-07-06 | by ( Alexander Lobrano | ) www.nytimes.com   time to read: +1 min
Paris has recovered its scents, and the city is suddenly ravenous. The whiffs of shallots sautéing in butter, bread baking, meat roasting and bouillon simmering that invisibly punctuate any stroll in this food-loving city are back. “I think it’s a carpe diem thing,” said Ezéchiel Zérah, the Paris-based editor of two popular French food publications. Some of them are pointedly traditional — the delightful Bistrot des Tournelles in the Marais, for example — while others offer a refined contemporary take on bistro cooking, notably the just opened Géosmine in the 11th Arrondissement. “No wants tweezer cooking anymore,” said Thibault Sizun, the owner of Janine, an excellent new modern bistro in Les Batignolles, a neighborhood in the 17th Arrondissement.
Persons: bouillon, , Ezéchiel Zérah, , Thibault Sizun, Janine Locations: Paris, Marais, 11th, Les Batignolles, 17th Arrondissement
Two sources with knowledge of Sunday's meeting told Reuters that Myanmar's junta-appointed foreign minister had been invited. Myanmar's military spokesman did not respond to phone calls on Friday night. ASEAN chair Indonesia has declined to attend the proposed meeting, according to three sources. Phil Robertson, deputy Asia director of Human Rights Watch, said the Thai foreign minister had shown "arrogance" by inviting his junta counterpart who other regional neighbours have shunned. Indonesia last month cited progress in its own behind-the-scenes efforts to engage multiple parties in Myanmar's conflict in a bid to advance a peace process agreed by ASEAN leaders and Myanmar's military in April 2021.
Persons: Don Pramudwinai, Nobel, Aung, hasn't, Myanmar's, Prayuth Chan, ocha, Don's, Don, Phil Robertson, Ananda Teresia, Devjyot Ghoshal, Kay Johnson, Stanley Widianto, Martin Petty, Devjyot, Angus MacSwan Organizations: ASEAN, of Southeast Asian Nations, Thailand's Foreign, Reuters, Myanmar's, Foreign Ministry, Human Rights, Party, United Nations, Thomson Locations: Myanmar, Thailand, Indonesia, Thailand BANGKOK, Suu, Jakarta, Asia, Bangkok, Shoon
Washington CNN —Daniel Ellsberg, a former military analyst and anti-war activist whose disclosure of the so-called Pentagon Papers revealed systemic US government deception about the Vietnam War, has died, his family announced in a statement. As part of his work with RAND, Ellsberg had access to classified documents that demonstrated how the US government had systemically lied to the public about the war, and Ellsberg felt compelled to reveal the information. In a letter to his friends that he shared on social media in March, Ellsberg reflected on his decision to leak the Pentagon Papers. “It was a fate I would gladly have accepted if it meant hastening the end of the Vietnam War, unlikely as that seemed (and was). “No organization really wants to show how the sausage is made or legislation is made, and they prefer to be the only voice on policy to the public,” Ellsberg told NPR.
Persons: Washington CNN — Daniel Ellsberg, Ellsberg, , , ” Ellsberg, “ Daniel, systemically, Truman, Eisenhower, Kennedy, Johnson, Robert McNamara, Lyndon B, John F, Ngo Dinh Diem –, Nixon, CNN’s Christiane Amanpour, “ It’s, Chelsea Manning, Roe, Wade, Patricia, Robert, Mary, Michael Organizations: Washington CNN, New York Times, Press Foundation, RAND Corporation, RAND, The New York Times, Times, Washington Post, Pentagon, Committee, University of Massachusetts Amherst, Harvard University, Marine Corps, Harvard, International Security Affairs, State Department, White House, WikiLeaks, NPR Locations: Vietnam, Kensington , California, Chicago, Detroit, United Kingdom, Amherst, Iraq
Joe Carter , 63, a real-estate investor living in Moreno Valley, Calif., on his 1970 Mercury Cougar convertible, as told to A.J. I was raised by a single mom in Hollywood, Calif. We were poor, and I used to go to the 49-cent theater to see rerun movies. That is where I first saw a Mercury Cougar, driven across the big screen by the actress Diana Rigg . It was love at first sight—the car, I mean, although Diana Rigg came in a close second. A song in the movie was, “We Have All the Time in the World.” The thing is, we don’t.
Rolling Fork, Mississippi suffered massive damage from a powerful tornado on March 24. Racial disparities existed in Rolling Fork for decades. She started I-DIEM after spending over 14 years in disaster management. Shirley Stamps stands in the rubble of her home in the aftermath of the Rolling Fork tornado. And increasingly, non-profits are doing things differently to address racial disparities in disaster management.
CNN —Pedro Pascal and Sarah Paulson are two of Hollywood’s most in-demand actors, often pictured at red carpet events together, but that hasn’t always been the case during their three decades-long friendship. As young actors struggling to navigate the industry, Paulson would help her friend make ends meet. “We would go to see movies all the time in those years, and we would get so lost in them,” Paulson told Esquire. Pedro Pascal hosted SNL in February. “He’s a part of some spectacularly successful things,” Paulson added.
While many sources of supply chain inflation that stoked higher goods prices have come down sharply, including ocean freight rates and transportation fuels, bloated inventories due to a lack of consumer demand are sustaining upward pressure on warehouse rates. "But inflationary pressures remain where demand outpaces supply in 2023, including in warehousing through most of the United States, domestic parcel and labor." One reason for the imbalance between warehouse supply and demand is lack of new facilities coming into the market. The Fed is now more focused on services inflation, in particular labor prices, as it expects the pressure in goods inflation to remain downward. But the logistics issues suggest that there will be some elements of sticky inflation on the goods side of the equation.
For more than 10 years, she's worked 60 hours a week to pay off her student-loan debt. By the time I was 26 years old and starting my career, I had $175,000 of student-loan debt. While this helped organize my loan payments, it didn't bring down the interest rate or change the amount that I owed. I was able to apply for it every year and it's helped me make my federal student-loan payments a little more manageable. Both driving and student-loan debt can cause catastrophic damage if not handled properly.
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