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☆ Elon Musk's payday drama comes to a head today
▼ + stars: | 2024-06-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

It's always sunny at Business Insider when "Welcome to Wrexham" star Rob McElhenney is around. In today's big story, we're looking at the drama between Tesla shareholders over Elon Musk's bumper pay package that gets decided on today . As funny as that sounds, the battle over Elon Musk's pay package is no joke. One longtime Tesla investor said the EV maker is " kind of the bottom of the pecking pole of Elon's companies ." Vote here on if you're for or against Musk's pay package .

Persons: —, Rob McElhenney, Elon, Apu Gomes, Chelsea Jia Feng, Insider's Grace Kay, they're, he's, Brooks Kraft, Musk, it's, Gwynne Shotwell, Somodevilla, Blackstone, Dan Ives, Araya Doheny, Patrick Fallon, Jenny Chang, Rodriguez, Henrik, Fisker, VCs, that's, whittle, Mark Zuckerberg, de Haro, Gen Zers, Mike Verdu, Slack, Brad Smith, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Elon, Getty, Retail, Brooks Kraft LLC, Nvidia, Tesla, Wall, SpaceX, Federal Reserve, Big Apple, Apple, Microsoft, BI, Adobe Locations: Wrexham, Delaware, Tesla, Manhattan, New York, London

☆ Gold Gala fashion: ‘It’s the one place where you can really represent’
▼ + stars: | 2024-05-13 | by ( Stephy Chung | ) edition.cnn.com time to read: +5 min

On Saturday, stars gathered on the steps of The Music Center in Los Angeles for the Gold Gala — a celebration of Asian Pacific influential talent across entertainment, fashion, technology and more, hosted by the non-profit Gold House. Actor Eugene Lee Yang attends the Gold Gala in an eye catching ensemble. It’s not something that I grew up imagining I’d have for myself.”Lucy Liu, wearing a gown by Bibhu Mohapatra, and Karan Johar exchange a greeting at the Gold Gold 2024. Michael Kovac/Getty ImagesFrom left to right, Shelby Rabara and Harry Shum Jr. attend the Gold Gala. So that’s been wonderful to see people take chances, and how we’ve knocked it out of the park,” Lakshmi told CNN.

Persons: Karrueche Tran, Thai Nguyen, “, ”, Tran, Nymphia, Sheng Cheong, Karan Johar, Agnez Mo, Eugene Lee Yang, Charley Gallay, Araya Doheny, Jeannie Mai, ” “, Padma Lakshmi, Lucy Liu, Joel Kim Booster, ” Lucy Liu, Bibhu Mohapatra, Michael Kovac, Shelby Rabara, Harry Shum Jr, Monica Schipper, USC Annenberg, Tommaso Boddi, Rodin Eckenroth, that’s, we’ve, ” Lakshmi, Prabal Gurung Organizations: Los Angeles CNN, The Music Center, CNN, Getty, Pacific, Gold House, USC Locations: Los Angeles, Pacific, American, Vietnamese, African American, City, ”, Indonesia, Hollywood, Thai

☆ Bankrupt trucker Yellow repays $700 million Covid loan, as unsecured creditors press for billions more
▼ + stars: | 2024-02-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Trucks and trailers sit in a Yellow Corp. facility lot, closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023. The bankrupt trucking company Yellow has fully repaid a controversial $700 million Covid loan to the U.S. Treasury Department, plus more than $151 million in interest, the company said Monday. Meanwhile, unsecured creditors in the bankruptcy case, including employee pension funds, are seeking billions of dollars in payouts from what remains of the company. By mid-2023, as it headed toward bankruptcy, Yellow had made only one payment on the loan: $230, in July 2021. In a statement Monday announcing the loan repayment, Yellow's chief restructuring officer Matthew Doheny said, "repayment demonstrates Yellow's absolute commitment to fulfilling its promise to the American taxpayers that its CARES Act loan would be repaid in full with interest."

Persons: Matthew Doheny, Doheny, Yellow's, Donald, Trump, Steven, Mnuchin Organizations: Corp, U.S . Treasury Department, Treasury Department, Trump, Defense Department, Treasury Locations: Las Vegas , Nevada, Delaware

☆ Niecy Nash-Betts on 'Dahmer,' 'Reno 911!,' 'Origin' & Acting With Her Kids
▼ + stars: | 2024-01-22 | by ( ) www.businessinsider.com time to read: +10 min

and whether she'd return for a new seasonNiecy Nash-Betts in costume as Raineesha Williams from "Reno 911!" David X Prutting/Patrick McMullan via Getty ImagesYou wore a prosthetic butt while playing Raineesha Williams on "Reno 911!" AdvertisementOn kissing Glen Powell in front of his mom for 'Scream Queens,' and the quote from her character Denise that fans still loveNiecy Nash-Betts as Denise on "Scream Queens." Your "Scream Queens" costar Glen Powell is certainly having a moment with his new movie right now. And also from "Scream Queens," I would want to do something with Keke Palmer.

Persons: Raineesha Williams, Simone Clark, Niecy Nash, Betts, Nash, Ryan Murphy, Ava DuVernay, Dahmer, Jeffrey Dahmer, DuVernay, Isabel Wilkerson, Aunjanue Ellis, Marion, Wilkerson's, Wilkerson, —, David X Prutting, Patrick McMullan, you've, Raineesha, Kerri Kenney, Silver, we've, Glen Powell, Denise, Brad Falchuk, Glenn, Evan Peters, Glenda Cleveland, Evan, I've, Dominick Nash, Donielle Nash, Jessica Betts, Dia Nash, Araya Doheny, Tiffany Haddish, Keke Palmer Organizations: Reno, Los, AMC, Pride, Getty, Netflix, HBO Locations: Murphy's, Los Angeles, Georgia, Chad, Netflix's, New Orleans

☆ Public workers may receive reduced Social Security benefits. There’s growing support in Congress to change that
▼ + stars: | 2023-11-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

The benefits were adjusted based on rules for workers who earn both pension and Social Security benefits. Today, Dave is pushing for the Social Security rules that reduced his benefits to be changed. Social Security benefits are calculated using a worker's average indexed monthly earnings, and then using a formula to calculate a worker's basic benefit amount. If two-thirds of the government pension is more than the Social Security benefit, the Social Security benefit may be zero. Part of what may create that advantage is that Social Security benefits are progressive, and therefore replace a larger share of income for lower earners.

Persons: Araya Doheny, Dave Bernstein, Bernstein, Phyllis Bernstein, Dave's, Dave, Phyllis, –, Edward Kelly, they're, Kelly, Emerson Sprick, Sprick Organizations: Getty, U.S . Postal Service, Social, Social Security, Finance, Will, New Zealand, American Postal Workers Union, GPO, International Association of Fire Fighters, Center, Budget Locations: Tampa , Florida, Australia, New, Congress

☆ If Social Security benefits were cut, here's how much more you'd need to save for retirement
▼ + stars: | 2023-10-03 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

In order not to run out of money in retirement, she'd need to save $375 a month in her workplace 401(k) plan — if the Social Security program remains fully in place. "The old-age poverty rate would soar if Social Security benefits were cut," said Richard Johnson, a senior fellow at the Urban Institute. The future of Social Securitywatch nowThe Social Security program has been weakened by a rise in people retiring and the fact that people are living longer. As a result, without any action from lawmakers, the trust fund that supports Social Security benefits for retirees is estimated to run dry in 2033. Workers would continue to pay Social Security payroll taxes, and those collected funds would still be payable to retirees.

Persons: Araya Doheny, Douglas Boneparth, Boneparth, Clifford, Cornell, Biden, Richard Johnson Organizations: Michell, Steel, Getty, Social, Security, CNBC, Workers, Clifford Cornell, Social Security, Finance, IRS, Center, Budget, Urban Institute, Social Security Administration Locations: Cypress , California, New York

☆ Citi upgrades this packaging company that can rally more than 30%
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Analyst Anthony Pettinari upgraded the packaging company to buy from neutral. "Sentiment on SEE (and the broader packaging space) has been highly negative given share price weakness, persistent vol challenges, and downward earnings revisions," Pettinari said in a Monday note. Sealed Air's stock has plunged about 37% this year as it navigates a post-Covid lower growth environment. Sealed Air management may still look toward more aggressive measures to improve the company's share price after experiencing poor stock performance and underlying headwinds, the analyst noted. He added, however, that "with poor investor sentiment & prolonged share price weakness, we think calls for packaging mgmt.

Persons: Anthony Pettinari, Pettinari, Ted Doheny, Michael Bloom Organizations: Citi Locations: Friday's

☆ I was a cliff diver at Casa Bonita, the restaurant made famous by South Park. Here’s how I got the job and what it was like.
▼ + stars: | 2023-09-09 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +7 min

Vanna Curtis worked at Casa Bonita, a restaurant made famous by South Park, in 2016. This as-told-to essay is based on a conversation with Vanna Curtis, a former cliff diver and entertainer for Casa Bonita. AdvertisementAdvertisementAt the time, the food was bad and almost inedible, but that's not what Casa Bonita is known for. Getting my job with Casa Bonita was pretty easyThe outside of Casa Bonita, located in Denver, Colorado. AdvertisementAdvertisementSo I began working at Casa Bonita as a cliff diver and an entertainerThe inside of Casa Bonita.

Persons: Vanna Curtis, Casa, Hyoung Chang, I'd, Ashley W, Black Bertha, Black Bart, Trey Parker, Matt Stone, Araya Doheny, haven't, Alyshia Organizations: Service, Casa Bonita, Casa, Alyshia Hull Locations: Casa Bonita, South, Wall, Silicon, Denver, Mexican, Denver , Colorado, ahull@insider.com

☆ South Park's creators have eliminated tipping at Denver's famed Casa Bonita. Servers now make $30 an hour — and some are mad.
▼ + stars: | 2023-06-29 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Casa Bonita, a 50-year-old Mexican restaurant in Colorado, reopened after a $40 million renovation. South Park creators Matt Stone and Trey Parker bought the joint, which was featured in their show. The series, which is set in the fictional small town of South Park, Colorado, features Casa Bonita in an episode in its seventh season. Trey Parker (left) and Matt Stone, the creators of South Park, purchased Casa Bonita in 2021. The zany interior of Casa Bonita, pictured in 2019, has been remodeled, while still being faithful to the original, the new owners have said.

Persons: Matt Stone, Trey Parker, —, Araya Doheny, Casa Bonita's, Fox31, Axios, It's, Hyoung Chang, Stefanie Jones, Jones Organizations: Casa, Service, The Denver Post, Casa Bonita, Employees, Denver Gazette Locations: Casa Bonita, Colorado, Lakewood , Colorado, South Park , Colorado, Park, Bonita, Denver

☆ California approves desalination plant as historic drought hits water supplies
▼ + stars: | 2022-10-14 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

Gavin Newsom (R) tastes wastewater that was treated at the Antioch Water Treatment Plant with Antioch Mayor Lamar Thorpe (L) on August 11, 2022 in Antioch, California. California regulators this week approved a $140 million desalination plant that could convert up to 5 million gallons of seawater each day into drinking water, as the state grapples with a persistent megadrought and plummeting water supplies. The plant could be functioning within the next five years and supply water for thousands of people in the South Coast Water District. The approval comes as record temperatures and drought conditions have forced states like California to address a future with dwindling water supplies. Water levels at the two largest reservoirs in the country, Lake Mead and Lake Powell, have hit their lowest levels ever recorded.

☆ Amid historic drought, California expected to approve $140 mln desalination plant
▼ + stars: | 2022-10-13 | by ( Daniel Trotta | ) www.reuters.com time to read: +3 min

Oct 13 (Reuters) - A $140 million desalination plant is expected to be approved by California regulators on Thursday as the U.S. state contends with how to convert ocean water into drinking water amid the worst drought in 1,200 years. Instead of relying on water pumped from hundreds of miles (km) away, through the State Water Project or the Colorado River, the South Coast Water District would now have its own water supply. The Doheny plant would produce 5 million gallons of drinking water per day, more than enough to meet the needs of the district's 35,000 people. The Coastal Commission staff, which recommended rejecting Poseidon, favors building Doheny, which would be the 12th desalination plant approved by the regulator. The Doheny plant will use a sub-surface intake that creates a barely perceptible current.

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