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In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
Pulitzer Prizes: 2024 Winners List
  + stars: | 2024-05-06 | by ( The New York Times | ) www.nytimes.com   time to read: +1 min
PUBLIC SERVICEProPublicaThe Pulitzer committee honored ProPublica for the work of Joshua Kaplan, Justin Elliott, Brett Murphy, Alex Mierjeski and Kirsten Berg, citing their “groundbreaking and ambitious reporting that pierced the thick wall of secrecy surrounding the Supreme Court.”Finalists KFF Health News and Cox Media Group; The Washington PostBREAKING NEWSStaff of Lookout Santa CruzLookout Santa Cruz won for “its detailed and nimble community-focused coverage, over a holiday weekend, of catastrophic flooding and mudslides that displaced thousands of residents and destroyed more than 1,000 homes and businesses.”Finalists Staff of Honolulu Civil Beat; Staff of The Los Angeles TimesINVESTIGATIVE REPORTINGHannah Dreier of The New York TimesMs. Dreier was honored for “a deeply reported series of stories revealing the stunning reach of migrant child labor across the United States — and the corporate and governmental failures that perpetuate it.”Finalists Staff of Bloomberg; Casey Ross and Robert Herman of Stat
Persons: ProPublica, Joshua Kaplan, Justin Elliott, Brett Murphy, Alex Mierjeski, Kirsten Berg, Hannah Dreier, Dreier, , Casey Ross, Robert Herman of Stat Organizations: Cox Media Group, Washington, Staff, Santa, , Staff of, Staff of Honolulu Civil Beat, The Los Angeles Times, The New York Times, United States —, Bloomberg Locations: Santa Cruz, Staff of Honolulu, United States
Among people diagnosed with Alzheimer’s, researchers recognize familial forms of the disease and sporadic cases. This shifting appreciation of inherited risk, researchers say, is due to a better understanding of the role of a fourth gene that carries the blueprints to make a lipid-carrying protein called apolipoprotein E, known as APOE. One known as APOE2 is thought to be protective against the development of Alzheimer’s disease. They also compared people with two copies of APOE4 to people with other inherited forms of the disease — early-onset autosomal dominant Alzheimer’s disease (ADAD) and Down syndrome-associated Alzheimer’s disease (DSAD). Gene testing isn’t currently recommendedIt is also likely to change how people who carry the APOE4 gene are diagnosed and treated.
Persons: APOE4, , Dr, Juan Fortea, Sant, Fortea, Charles Bernick, Bernick, Alzheimer’s wasn’t, isn’t, they’re, ” Fortea, Sanjay Gupta, Reisa Sperling, , ” Sperling, ” Dr, Sterling Johnson, Johnson Organizations: CNN, Nature, National Alzheimer’s Coordinating, Neurology, Hospital de, Cleveland Clinic Lou, Brain Health, CNN Health, Alzheimer’s Research, Brigham, Women’s, Alzheimer’s, University of Wisconsin Locations: Alzheimer’s, Spain, United States, Santa, Barcelona, Wisconsin
For many in the middle class, inflation is at the heart of this feeling. That's making people feel locked out of many of the milestones long associated with middle-class life. 74% of middle class Americans have cut back on non-essential spending, according to Primerica's survey. 46% of middle-class Americans said they've dialed back or completely paused saving for the future and 38% said they didn't think they could afford an unexpected expense over $1000. Buying a home may be the greatest example of a tenet of middle-class life feeling out of reach for many, and that struggle is very real rather than merely negatively perceived.
Persons: , Vincent, he'd, he's, Eoin Sheehan, Chris Collins, Collins, Jessica, they're, Kayla, Primerica, they've, Sheehan Organizations: Service, Business, Pew Research Center, Redfield & Wilton, Federal, Northwestern Mutual's Collins, Northwestern Mutual, Newsweek, National Association of Realtors Locations: Santa Barbara, California, Alabama, Primerica
Beth Ann: We planned on getting to California at some point. Beth Ann: We first started considering a move to California during COVID when we were sitting at home and couldn't go anywhere. AdvertisementEric and Beth Ann Mott said they love the access to nature and hiking in California. Courtesy of Eric and Beth Ann MottBeth Ann: You can't paint California with just one brush. Beth Ann: I think California will continue to be our long-term play.
Persons: , realtors Eric Mott, Beth Ann Mott, Eric, Denver, Beth Ann, We're, Berkshire Hathaway HomeServices, Colorado, COVID, California Eric, Beth Anne, Beth Ann Mott Eric, it's, Colorado Eric, Everybody, they're, Beth Ann Mott Beth Ann, wouldn't Organizations: Service, realtors, Business, Kansas City, Berkshire Locations: Denver , Colorado, Oaks , California, California, Denver, Colorado, Oaks, Eric, COVID, Santa Monica, downtown, Los Angeles
Southern California’s infamous Santa Ana winds were barreling through Los Angeles as Sara Kramer and Sarah Hymanson prepared to host a garden party to celebrate the May 7 release of their first cookbook, “Kismet.” But as seasoned chefs and restaurant owners — they opened their Middle Eastern-inflected East Hollywood restaurant, also called Kismet, in 2017 after bonding in the kitchen at Brooklyn’s Glasserie over a decade ago — the two women have plenty of practice keeping cool in stressful situations. “We were like, ‘It’s going to die down, it’s going to die down,’” said Hymanson, 37, of the gale. “And if it doesn’t, then we’ll figure it out.”Indeed, just before 5:30 p.m., when guests were set to arrive at the Echo Park hilltop home that Kramer, 38, shares with her partner, the comedian Emil DeRosa, 34, and their goldendoodle, Kevin, the gusts subsided and the gray skies gave way to a golden sunset. Suddenly, the garden — which features a winding pathway scented by jasmine bushes and herbs that leads down to a grove of loquat, fig and Blenheim apricot trees — felt like an ideal place for a celebration. Chase Valencia, 40, who co-owns Lasita, a modern Filipino restaurant in the city’s Chinatown, took in the setting, admitting, “I came to this dinner because I really wanted to check out her house!”
Persons: Sara Kramer, Sarah Hymanson, It’s, ’ ”, Hymanson, Kramer, Emil DeRosa, Kevin, Chase Valencia, Organizations: Southern, Hollywood Locations: Santa, Los Angeles, Echo
CNN —A former dive boat captain could be sentenced to up to 10 years in prison Thursday on a negligence conviction known as “seaman’s manslaughter” after 34 people were killed in a fire that broke out on his boat in 2019. Jerry Nehl Boylan was found guilty in 2023 of one federal felony count of misconduct or neglect of ship officer last year. Thirty-three passengers and one crew member below deck died of smoke inhalation, police said. Thirty-four people were killed in the boat fire. In 2019, an attorney for the boat’s owner, Truth Aquatics, said that a crew member had checked the area where the fire was believed to have been concentrated before it ignited.
Persons: CNN —, , Jerry Nehl Boylan, Boylan, Brian van der, Robert Sumwalt, Prosecutors, Martin Estrada, Organizations: CNN, Labor, California’s, Islands, Los Angeles Times, National Transportation Safety, Truth, NTSB Locations: Santa Cruz
The captain of a dive boat that caught fire off the coast of Southern California in 2019, killing all 33 of its passengers and a crew member, was sentenced on Thursday to four years in prison after a lengthy hearing that included emotional testimony from relatives of the victims. A federal jury in November found the captain, Jerry Nehl Boylan, guilty of misconduct or neglect of ship officer, a crime also known as “seaman’s manslaughter.”Mr. Boylan, 70, of Santa Barbara, Calif., was the captain of the Conception, a commercial scuba diving vessel, when a fire broke out in the early hours of Sept. 2, 2019, while the ship was anchored near Santa Cruz Island, according to prosecutors. Mr. Boylan and four other crew members were able to escape the fire, but the 33 passengers, who were sleeping below deck, died, prosecutors said. One crew member also was killed. Prosecutors said Mr. Boylan failed to try to save them.
Persons: Jerry Nehl Boylan, ” Mr, Boylan, Prosecutors Locations: Southern California, Santa Barbara, Calif, Santa Cruz
Skydance Media and its largest private-equity backer RedBird Capital Partners have been wooing Paramount for the better part of a year. The Skydance consortium, including fellow Skydance investor KKR, submitted a revised offer on Sunday. The deal would be worth roughly $32 billion, according to the source, with the value of Paramount and its $15 billion in debt making up the lion's share. Here's what we know about the deal, how much Redstone would get, and what a new Paramount would look like. Keeping Paramount public sets the Skydance bid apart from Apollo's potential offer, according to one of the sources.
Persons: Bob Bakish, Shari Redstone's, Tom Cruise, Mario Gabelli, Bakish, Getty, Redstone's, David Ellison, Larry Ellison, Ellison, RedBird, Gerry Cardinale, Goldman Sachs, Goldman, Skydance, Jeff Shell, Ben Affleck, Matt Damon's, Axel Springer Organizations: Skydance Media, RedBird Capital Partners, Paramount, KKR, Business, Ex, CNBC, Apple, New York Yankees, NFL, Bakish, CBS, MTV, Nickelodeon, ' Equity, Amazon Studios, Sony, Apollo, Wall Street Locations: Santa Monica , California, New York City, Skydance, RedBird
Prosecutors in Arizona said on Monday that they would not retry a rancher who was charged with murdering an unarmed migrant on his property last year after a mistrial was declared last week. Judge Thomas Fink of Santa Cruz County Superior Court declared a mistrial on April 22. The Santa Cruz District Attorney’s Office said in a statement on Monday that “because of the unique circumstances and challenges surrounding” the case, Mr. Kelly would not be retried. “However, our office’s decision in this case should not be construed as a position on future cases of this type,” the office said. “Our office is mandated by statute to prosecute criminal acts, and we take that statutory mandate seriously.”
Persons: George Kelly, Gabriel Cuen, Cuen, Buitimea, Judge Thomas Fink, Kelly, , Organizations: Santa, Superior Court, Attorney’s Locations: Arizona, Kino Springs, Ariz, Mexico, Santa Cruz
A friend sought advice on a safe but not too-large car for his teenage sons. I drove a Hyundai Kona from Silicon Valley to Santa Barbara to find out if this car fits the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On a recent trip from Silicon Valley to visit UC Santa Barbara with my wife and daughter, I got to try out a vehicle that fits the bill: The 2024 Hyundai Kona. AdvertisementHere are the highlights of the trip and a rundown of what we loved, liked, and disliked about this vehicle.
Persons: I've, Santa Barbara, , It's Organizations: Hyundai, Service, UC Santa Barbara Locations: Hyundai Kona, Silicon Valley, Santa
How Real Estate Became Showbiz and Agents Became Stars
  + stars: | 2024-04-28 | by ( Debra Kamin | ) www.nytimes.com   time to read: +1 min
The crowd began gathering at 5 p.m., into the movie-perfect backyard of a 1920s Spanish-style Los Angeles estate once owned by Madonna. Unlike the Oscars or the Golden Globes, these awards didn’t go to actors, directors or screenwriters. They went to real estate agents, crowned in categories like “Stratospheric Sale of the Year.” (The winner of that award was Kurt Rappaport, who represented Beyoncé and Jay-Z as they closed on a $190 million Malibu pad last May.) As a real estate broker with two seasons of “Buying Beverly Hills” and 13 seasons as a real husband on “The Real Housewives of Beverly Hills” under his belt, Mr. Umansky was the consummate M.C. for the evening’s Power Broker Awards.
Persons: Mauricio Umansky, Kurt Rappaport, Beyoncé, Umansky Organizations: Madonna, Globes, Malibu, Housewives, Beverly, evening’s Locations: Spanish, Los Angeles, Santa Monica, Beverly Hills
In the 1970s, there were about 175,000 residents in Centro Storico, the main island and historic center of Venice. In fact, there are now more tourist beds in Venice than there are residents. Last week, Venice took action on overtourism, introducing a 5€ fee to day trippers who want to access the city. "You can't impose an entrance fee to a city; all they're doing is transforming it into a theme park. Marco Bertorello | Afp | Getty ImagesDespite its many detractors, the day fee is a significant move on the part of Venice's government to confront the challenge of overtourism, which has become a significant global problem since the pandemic.
Persons: Stefano Mazzola, Luigi Brugnaro, Mark —, There's, Matteo Secchi, Marco Bertorello, Antonio Paolo Russo, Russo Organizations: Piazzale Roma, Getty, Venice, Centro Storico, Guardian, Tourists, Afp, Virgili University Locations: Piazzale, Venice, Italy, Centro, Piazzale Roma, Santa Lucia, Tarragona, Spain, Bali, Barcelona, Amsterdam, Europe
Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts' estimates. The company reported adjusted earnings per share of 3 cents, while analysts were expecting a 5-cent loss. Snap said adjusted EBITDA "exceeded our expectations" and was primarily driven by operating expense discipline, as well as accelerating revenue growth. Snap reported more than 9 million Snapchat+ subscribers for the period. For the second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount.
Persons: Derek Andersen, Evan Spiegel Organizations: Barker, Revenue, Snapchat, Meta Locations: Santa Monica , California
Welcome to Venice. That’ll Be 5 Euros, Please.
  + stars: | 2024-04-25 | by ( Elisabetta Povoledo | ) www.nytimes.com   time to read: +1 min
Pulling into the Santa Lucia train station in Venice on Thursday morning, passengers were told via an overhead announcement that they might have to pay a 5-euro fee to enter the city’s historic center. Failure to pay could result in a fine from 50 to 300 euros, the announcement said. Those who hadn’t were directed to a booth where they could. After registering, overnight visitors were sent on their way without having to pay, but people planning to stay just for the day were charged (though there were other exemptions). It was a new welcome to Venice, the first city in the world to charge day visitors a nominal entrance fee, a measure city officials hope will help counter overtourism.
Persons: , , Lorraine Colcher Locations: Santa Lucia, Venice, Wirral, England
Venice will begin on April 25, 2024 charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism. Venice became the first city in the world to charge a payment for tourists in a bid to alleviate the pressures of mass tourism and make the city more livable for its residents. The pilot program will exact a fee of 5 euros ($5.4) from day-trippers to Venice, one of Italy's most picturesque and historic cities. Municipal workers were seen checking the tickets of day-trippers outside the front of the fragile lagoon city's Santa Lucia railway station. The charge applies to tourists arriving between 8:30 a.m. local time and 4 p.m., while access is free outside of those hours.
Organizations: Reuters Locations: Venice, Italy, Santa Lucia
World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.
Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium
On a winding back road of Texas Hill Country, Shelley Duvall pulled over and lit another cigarette. “How did you like Egypt?” she called out from the white Toyota 4Runner she spends most of her days in, and some nights, much to the chagrin of her partner, Dan Gilroy. “Next stop: Santa Fe!” she announced before vanishing down the road in a cloud of dust. To follow Ms. Duvall, 74, on the road and in conversation, is to enter into powerfully imaginative realms. Stories that begin in a certain direction have a habit of taking the scenic route, and, occasionally, swerving excitingly off-piste.
Persons: Shelley Duvall, Dan Gilroy, Duvall, swerving excitingly Organizations: Toyota Locations: Texas, Egypt, Santa Fe
Chipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens. A little over a year ago, Chipotle announced the opening of its first Farmesa location at Kitchen United's Santa Monica location. But the Santa Monica ghost kitchen closed in February as its parent company struggled financially. In November, Kitchen United announced plans to close or sell all of its locations as it pivoted into software. But once customers started returning to dining in person and capital grew more expensive, many ghost kitchen startups like Kitchen United found themselves in trouble.
Persons: Chipotle, Curt Garner, Brian Niccol, it's, Chipotle's, Sam Nazarian Organizations: United, CNBC, Kitchen United Locations: Monica, Santa Monica, U.S
AdvertisementEvans designed her facials business, Saving Faces, to be a calming retreat for her clients. Stella Kalinina for BIBecoming an esthetician set me on a journey to heal myself from the inside out. Stella Kalinina for BIWhen I started my healing journey, I became most connected to my hands. Stella Kalinina for BIFor wellness practices, I started to look at the world around me and find solutions in nature. Stella Kalinina for BIOne of my goals is to pass what I have learned on to my kids.
Persons: , Jenny Evans, It's, facials, couldn't, Evans, Stella Kalinina, BeautyGrass, Evans handmakes, skincare, I've, I'm Organizations: Service, Business, BI Locations: Los Angeles, Santa Cruz
Owen Wilson reportedly turned down a $12 million role to star in a movie called "The Juice." According to The Hollywood Reporter, the film represents Simpson as innocent. AdvertisementOwen Wilson reportedly turned down an offer to star in a movie that represents O.J. Simpson in the murders of Nicole Brown Simpson and Ron Goldman as innocent — to the tune of $12 million. In 2020, the Hollywood Reporter, citing Newton's attorney Larry Caldwell, reported that "The Juice" (then titled "Nicole & O.J.")
Persons: Owen Wilson, Simpson, Wilson, Douglas McCann, , Nicole Brown Simpson, Ron Goldman, Charlotte Kirk, Brown, Boris Kodjoe, Joshua Newton, McCann, Newton, Everybody, Owen, you've, Goldman, Larry Caldwell, Nicole, O.J, Kirk, Kodjoe Organizations: Hollywood, Service Locations: Santa Monica, Bulgaria
Leaving London for New York City felt like the only option. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo years ago, my partner and I were still living in a one-and-a-half-bedroom basement in London. AdvertisementLeaving London for New York felt like the only optionAfter that, I had to admit, grudgingly, that going to New York seemed like the best option. The poverty in New York City is reported to have increased in recent years, bringing the total number of New Yorkers living in poverty to 2 million, according to a report from Robin Hood, an anti-poverty philanthropy.
Persons: Hannah Crown, , we've, we'd, Peter, We've, I've, Robin Hood, It's Organizations: Service, Apple, Radio City, London Locations: British, England, London, New York City, New York, New Jersey, Brooklyn, Macy's, Radio, Dyker Heights, Long
A judge on Monday declared a mistrial in the case of an Arizona rancher who was accused of murdering an unarmed migrant on his property after he crossed the U.S.-Mexico border last year, in a case that inflamed people on both sides of the national debate over immigration. The mistrial was declared after jurors were unable to reach a unanimous verdict during deliberations that began on Thursday. The judge scheduled a hearing for April 29, according to the Arizona Superior Court in Santa Cruz County. Calls on Monday evening to prosecutors and to Brenna Larkin, a lawyer for Mr. Kelly, were not immediately returned. Gabriel Cuen-Buitimea was among a group of undocumented migrants who were crossing the high desert in Kino Springs, Ariz., near the border with Mexico on Jan. 30, 2023, when they spotted a Border Patrol vehicle and scattered, according to the authorities.
Persons: Brenna Larkin, Kelly, Gabriel Cuen, Buitimea Organizations: Arizona Superior Court, Patrol Locations: Arizona, Mexico, Santa Cruz County, Kino Springs, Ariz
Today, I earn $40,000 per month in semi-passive income from it, through three different streams: affiliate marketing, sponsored partnerships and online courses. Here's what those days looked like, and how I built my income streams to be nearly entirely passive. I answered emails, wrote blog posts, brainstormed new ideas, handed accounting, addressed anything urgent that needed my attention and strategized new ways to grow Making Sense of Cents. I built many of my blog posts around affiliate marketing, a strategy that's responsible for about half of my blog's revenue. Sponsored partnerships are more active income, so I didn't do many of them during the cruise.
Persons: It's Organizations: Santa Cruz de La, Jobs, Facebook Locations: Santa Cruz de, Santa Cruz de La Palma, Spain, Florida, Panama, Polynesia, New Zealand, Asia
When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: "It's a family office for your health." Rather than simply offering on-call doctors and faster visits, Private Medical has pioneered a highly personalized, all-in-one service that's more akin to the most sophisticated family offices for investments. Like family offices, Private Medical has an in-house team to manage a family's entire health portfolio – from fitness and dietary tracking to longevity research, surgeries and medical emergencies. Private Medical doesn't advertise and gets most of its business through referrals. Shlain declined to give specifics on price, but clients of Private Medical say it charges $40,000 a year for each adult patient and $25,000 per patient under the age of 18.
Persons: Robert Frank, Jordan Shlain, Shlain Organizations: Private, Private Medical, California —, Research Locations: California, California — San Francisco, Silicon Valley, Santa Monica, Beverly Hills —, York, Miami
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