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☆ Rich collectors want to give art to their kids, but they don't want it. Here's what they can do instead, and they can save millions on taxes, too.
▼ + stars: | 2024-06-30 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +7 min

Read previewNearly 80% of wealthy art collectors want their masterpieces to stay in the family, according to a Bank of America survey. For instance, the survey found that collectors between 21 and 43 have a greater appreciation for sculptures and antiquities than older art aficionados. Rich art collectors are reluctant to address the issue, according to Rosemary Ringwald, head of art planning at Bank of America's private bank. Collectors are increasingly picking art executors or art trustees to oversee their possessions after they die, she said. The ideal executor does not have a financial interest in the art and isn't a prospective owner of it.

Persons: —, Rich, Rosemary Ringwald, Ringwald Organizations: Service, Bank of America, Business, Bank of, IRS, Bank Locations: Aspen

☆ I'm a housekeeper in Palm Beach earning more than I ever imagined due to the influx of young, wealthy families to South Florida
▼ + stars: | 2024-06-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Marta Magarelli, 60, a housekeeper in Palm Beach, where housekeepers are in high demand. Now, I work as the executive housekeeper for a family in Palm Beach, earning far more than I ever imagined. Even though I hadn't had experience as an executive housekeeper before, I never let that stop me from taking on a new challenge. AdvertisementThe number of employees in these Palm Beach homes can easily rack up. The market for housekeepers in Palm Beach has changed a lot in recent yearsPalm Beach is a very expensive ZIP code.

Persons: —, Marta Magarelli, It's, Housekeepers, hadn't, it's, I've, housekeepers, I'd Organizations: Service, Business, housekeepers Locations: Palm Beach, Brazil, America, Florida, South Florida, New York

☆ Putin getting tight with Kim Jong Un could be as big of a problem for China as it is for the US
▼ + stars: | 2024-06-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Last week, Putin visited North Korea for the first time in 24 years. AdvertisementSouth Korea's 24-hour Yonhapnews TV shows a file image of North Korea's missile launch during a news program on a TV at Yongsan Railroad Station in Seoul. The closeness of Russia and North Korea leaves Chinese leader Xi Jinping in a rather odd spot as well. AdvertisementNow, that's seemingly only going to grow as the US and its allies watch North Korea and Russia more closely. Russian President Vladimir Putin, left, and North Korea's leader Kim Jong Un pose for a photo during a signing ceremony of the new partnership in Pyongyang, North Korea.

Persons: —, Vladimir Putin, Kim Jong, it's, Putin, Kim Jae, Joe Biden isn't, Xi Jinping, Victor Cha, Joe Biden, SAUL LOEB, Kim, Donald Trump, Cha, they'll, Li Jian, Kristina Kormilitsyna, Kurt Campbell, Campbell Organizations: Service, North, Business, Getty, Center for Strategic, International Studies, Getty Images, UN, South, KCNA, REUTERS, Democratic People's, Council, Foreign Relations Locations: Ukraine, China, Korea, North Korea, Pyongyang, Russia, North, Yongsan, Seoul, North Korea's, United States, Asia, Nusa Dua, Bali, Getty Images Beijing, People's Republic of China, Beijing, Korean, South Korea, Japan, DPRK, Democratic People's Republic of Korea, Russian, Sputnik, Northeast Asia

☆ Hybrids are having a moment. Here's what you need to know if you're in the market.
▼ + stars: | 2024-06-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. These shoppers are turning to bridge technologies like hybrids and plug-in hybrids, reviving a segment once thought by some to be a relic of the pre-Tesla automotive industry. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ US employers want more part-time workers. Here’s what that means
▼ + stars: | 2024-06-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

“So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. The industries that were most likely to advertise part-time work as of May were beauty and wellness; personal care and home health; retail; food preparation and service; and sports, Indeed said. During the Great Recession from 2007 to 2009, part-time work rose sharply, according to research from the San Francisco Fed. “There was this rise in part-time work when the economy and the labor market were doing well coming out of the pandemic,” Culbertson told CNN. The US Labor Department releases June figures gauging the state of the labor market, including monthly job growth, wage gains and the unemployment rate.

Persons: Mary Daly, ” Daly, Daniel Culbertson, ” Culbertson, Alicia Wallace, Friday’s, Jerome Powell, John Williams Organizations: CNN Business, Bell, Washington CNN — Companies, Labor Department, Federal Reserve, San Francisco Fed, Commonwealth Club World Affairs of, CNN, Commerce Department, Commerce, P Global, Institute for Supply Management, European Central Bank, US Labor Department, Constellation Brands, Constellation Brands . New York Fed, US Commerce Department, New York Fed Locations: Washington, Commonwealth Club World Affairs of California, Constellation Brands .

☆ Euro 2024: Why Austria are the tournament’s biggest surprise
▼ + stars: | 2024-06-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +6 min

CNN —It is not uncommon to see certain teams emerge as dark horses or surprise packages at international tournaments, but few could have predicted that Austria would be the story of Euro 2024. But that’s the nice thing about football.”A unique styleGernot Trauner of Austria scores his team's first goal against Poland. Petr David Josek/APRangnick’s redemptionPerhaps the most compelling aspect of Austria’s Euro 2024 campaign has been the reminder of Rangnick’s abilities as a manager. He had various stints with German clubs such as Stuttgart, Hannover and Schalke but is best known for his work with Austrian side Red Bull Salzburg and German team RB Leipzig. Form soon picked up though and Das Team booked its ticket to Euro 2024 after losing only one game in the qualifying stages.

Persons: Robert Lewandowski, Kylian Mbappé, ” Marcel Sabitzer, UEFA.tv “, ”, Ralf Rangnick, Julian Finney, it’s, Rangnick, Jürgen Klopp, Julian Nagelsmann, Petr David Josek, Annegret Hilse, Red Bull, Ole Gunnar Solskjær, wouldn’t, “ Organizations: CNN, France, Das Team, Poland, Liverpool, Germany national, Austria, Hannover, Schalke, Austrian, Red Bull Salzburg, RB Leipzig, Red Bull GmbH, Leipzig, Salzburg, Austrian Bundesliga, Bundesliga, Champions League, Reuters, Red, Russian, Lokomotiv Moscow, Manchester United, Premier League, Nations League B Locations: Austria, Poland, Netherlands, France, England, Denmark, Slovenia, Serbia, Stuttgart, Leipzig, Turkey, unchartered

☆ Russia's navy sought a safer spot, but is still at the mercy of Ukraine's drones and missiles, experts say
▼ + stars: | 2024-06-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +5 min

The sea, which borders occupied southern Ukraine, is connected to the Black Sea via the Kerch Strait, and, crucially, Russia controls its coastline. AdvertisementUkraine's attacks have forced Russian warships to withdraw from Crimea and relocate to safer waters, where they have also come under attack. But this doesn't mean ships there will be safe from Ukraine's aerial drones and missiles, experts told BI. But he added that "Russia's warships in the Azov Sea are still at the mercy of Ukrainian missiles and aerial drones." AdvertisementMeanwhile, Russian "missiles can reach most of Ukraine from the Sea of Azov and ports along the Russian Black Sea coast," Clark said.

Persons: —, Dmitry Pletenchuk, Pletenchuk, Matthew Boyse, Basil Germond, Mark Temnycky, Scott Savitz, Bryan Clark, Clark, Steven Horrell, Igor Delanoë, Savitz Organizations: Service, Kyiv Independent, Business, Naval Forces of, Armed Forces of, Hudson Institute's Center, Lancaster University, Council's Eurasia Center, RAND, US Navy, Hudson Institute, Transatlantic Defense, Security, Center for Locations: Russian, Azov, Kyiv, Ukraine, Kerch, Russia, Crimea, Armed Forces of Ukraine, Europe, Eurasia, Ukrainian, Western

☆ A school told its staff to wear something from the back of their closet, so 2 teachers dug out their wedding dresses
▼ + stars: | 2024-06-29 | by ( Skylar Celeste Boone | ) www.businessinsider.com time to read: +6 min

So Loreal Hemenway and Stephanie Osmundson, two elementary school art teachers in Henderson, Nevada, found a creative way to use their wedding dresses again. While some of their colleagues wore old Letterman jackets and sports jerseys, "the idea came to mind that we should dig truly to the backends of our closet and wear our wedding gowns to school," Hemenway told Business Insider. Loreal Hemenway and her husband, Keith Hemenway, as she tried on her wedding dress for the dress up. AdvertisementStephanie Osmundson and her husband on their wedding day. Reusing and preserving a costly itemAccording to The Knot Real Weddings Study, which surveyed nearly 10,000 US couples who got married last year, the average wedding dress cost in 2023 was about $2,000.

Persons: —, Loreal Hemenway, Stephanie Osmundson, Letterman, Hemenway, who've, we're, Osmundson, Keith Hemenway, Loreal, Jaclyn Raymond Organizations: Service, Business Locations: Henderson , Nevada

☆ Tractor Supply Co. backtracks on DEI roles and goals
▼ + stars: | 2024-06-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

New York CNN —Tractor Supply Company has eliminated its diversity, equity and inclusion initiatives as part of what the retail chain says is a push to distance itself from “nonbusiness activities” after conservative backlash from some of its customer base. “You can’t say you’re going to try to do at Tractor Supply what they do at the Apple headquarters in Cupertino, California — that’s definitely not going to work,” he said. “Tractor Supply Co is turning its back on their own neighbors with this shortsighted decision,” Eric Bloem, vice president of Programs and Corporate Advocacy at the Human Rights Campaign, told CNN in a statement Saturday. This is why the Tractor Supply — and most of the country’s biggest employers — have worked with us for years to create inclusive policies and practices. Those are the parts that business leaders aren’t thinking about as they are folding on DEI.”

Persons: ”, “, Robby Starbuck, Starbuck, X, ” Shaun Harper, Harper, that’s, ” Eric Bloem, —, Bud Light’s, influencer Dylan Mulvaney Organizations: New, New York CNN — Tractor Supply Company, Supply, Tennessee’s, Congressional, Tractor Supply, University of Southern, CNN, Tractor, National FFA Organization, Apple, ”, Human Rights, “, Companies, Anheuser, Busch InBev, Target Locations: New York, University of Southern California, Brentwood , Tennessee, Cupertino , California, United States

☆ Composting could be set for U.S. boom, and it needs one, decades behind recycling
▼ + stars: | 2024-06-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +6 min

Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.

Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten

They first appeared as a cloud of dust on the horizon. A few seconds later, the motorcycles carrying Russian soldiers sped into view, zigzagging across a field, kicking up dust, attempting a noisy, dangerous run at a Ukrainian trench. “They moved fast, they spread out and they swerved,” said Lt. Mykhailo Hubitsky, describing the Russian motorcycle assault he witnessed. It’s a type of attack that has been proliferating along the frontline this spring, adding a wild new element to the already violent, chaotic fighting. These nonconventional vehicles have been turning up with such frequency that some Ukrainian trenches now overlook junk yards of abandoned, blown up off-road vehicles, videos from reconnaissance drones show.

Persons: ”, Mykhailo Hubitsky Locations: Ukrainian

☆ An inside look at the workings of the 4-part arbitrage and momentum quant strategy driving an award-winning fund that's beaten 99% of its peers
▼ + stars: | 2024-06-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

For the ATRFX fund, this means betting on currencies, equities, commodities, and bonds, but not in a direct way. Instead, it employs everything from arbitrage strategies, riding out momentum and interest rates, or sitting on the sidelines when it's choppy. Over the last couple of years, higher interest rates have brought in some good yields. Related storiesOne step further is to arbitrage interest rates across currencies. Investors can do this by identifying national currencies with low interest rates, borrowing in that currency, and then lending in the currencies with higher interest rates.

Persons: David Miller, ATRFX, Miller, It's, that's, Yen, it's Organizations: Service, Systematic Alpha Fund, Business, Catalyst Capital Advisors, BNP Paribas, BNP, Commodities Commodities, Bloomberg, Federal Reserve

☆ How to turn your passion into a career, says 42-year-old who quit marketing to become a breakup coach
▼ + stars: | 2024-06-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Along the way, "I had this idea for the breakup bootcamp," she says, a place where people who'd recently gone through a breakup could find solace and comfort together. Despite writing out the vision for breakup bootcamp in 2015, "I was too scared" to make it happen immediately, she says. That's why, now, her best advice for turning your passion into a career is "whatever it is," she says, "just launch it." Finally, in February 2017, she launched the first breakup bootcamp. They laid out a potential career path as a breakup coach and, in August 2017, she finally left her job in marketing to launch into her relationship-oriented career full-time.

Persons: Amy Chan, Chan, I'm Organizations: Huffington, CNBC Locations: New York

☆ Warren Buffett gives away another $5.3 billion, says his children will manage his estate
▼ + stars: | 2024-06-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. After Friday's donations, Buffett owns 207,963 Berkshire A shares and 2,586 B shares, worth about $130 billion. He told the Journal that the Bill & Melinda Gates Foundation will no longer receive donations after his death. Buffett resigned as a trustee at the Gates Foundation in June 2021 in the midst of Bill and Melinda Gates' divorce.

Persons: Warren Buffett, Berkshire Hathaway, Melinda Gates, Susan Thompson Buffett, Howard, Susan, Peter Buffett, Buffett, haven't, we've, Charlie Munger, Greg Abel Organizations: Berkshire, Berkshire Class, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Oracle, Wall Street Journal, Gates Foundation Locations: Omaha , Nebraska, Omaha, Berkshire, Douglas

☆ I'm almost 58 and love skateboarding. I go at least twice a week and stay for 7 hours at the park.
▼ + stars: | 2024-06-28 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. AdvertisementMy daughter, Brittany, 31, introduced me to skateboarding in the fall of 2022. We go at least twice a week and can stay for six or seven hours at a time. AdvertisementBennett skateboards with her daughter, Brittany. AdvertisementDo you have a powerful story about an activity you pursued in later life that you'd like to share with Business Insider?

Persons: —, Karyn Bennett, we'd, I've, Bennett, Karyn Bennett Balance, Kaz, I'd, Britt, Brittany, We've Organizations: Service, Business Locations: Brittany, Sydney

☆ A Gen Xer relocated from Austin to rural Arkansas thanks to a $16,000 mover incentive that helped pay his mortgage. Now he's enjoying the 'good, hometown living.'
▼ + stars: | 2024-06-28 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Read previewA Papa Johns recently opened in Osceola, Arkansas — and Britt Lorino is thrilled about it. Despite raising their family in Austin, Lorino and his wife decided to settle in Mississippi County because of its mover incentives. Program leaders told BI that they have attracted 80 new homeowners since Work Here, Live Here launched in 2022. Their adult children still live in Austin, and Lorino said his son can't afford a home there. He isn't sure if he and his wife will live in Mississippi County forever, but they plan to stay for several years.

Persons: —, Papa Johns, Osceola , Arkansas —, Britt Lorino, Lorino, It's, everything's, Austin — Organizations: Service, Business, Big, Steel, US Steel, Big River Steel ., Midwest, Osceola Locations: Osceola , Arkansas, Osceola, Memphis, Austin, Mississippi County, Houston, Mississippi, Arkansas, Louisiana, Texas, Rural Mississippi County, there's, . Osceola

☆ How many alarms should you set in the morning?
▼ + stars: | 2024-06-28 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

If you are clogging your clock app with all those morning alarms, you’re setting yourself up for a groggy morning, experts say. He recommends setting one alarm, allowing for deep sleep to continue uninterrupted until you need to wake up in the morning. Most of the time, however, someone who needs multiple alarms to wake up in the morning is sleep deprived, she said. Goldstein recommends students use summer break to find how many hours of sleep they get naturally after a few weeks. Instead, Peters recommends trying to fall back asleep until it feels as though 15 to 20 minutes have passed.

Persons: CNN —, Brandon Peters, “, ” Peters, Cathy Goldstein, Goldstein, ”, Alicia Roth, a.m, Roth, Peters, ” Goldstein, you’re Organizations: CNN, Virginia Mason Franciscan Health, Disorders, University of Michigan Medical School Locations: Virginia, Seattle, Michigan, Ohio, ”

☆ U.S. Soccer ‘deeply disturbed’ by racist abuse directed at men’s national team’s players after loss to Panama at Copa América
▼ + stars: | 2024-06-28 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —U.S. Soccer said it was “deeply disturbed” by the racist abuse directed at two of the men’s national team’s players following it’s surprise 2-1 defeat by Panama at the 2024 Copa América in Atlanta on Thursday. Defender Chris Richards and striker Folarin Balogun posted on their Instagram stories the racist messages they had received over the social media platform. Earlier in June, soccer’s global governing body FIFA reinforced its commitment to fighting online abuse, in particular through its Social Media Protection Service (SMPS). The SMPS is a tool which FIFA says protects individuals in soccer from online abuse by hiding hate speech. Panama players celebrate after beating the US at the Copa América.

Persons: Chris Richards, Folarin Balogun, ”, Meta, –, Richards, Balogun, Striker Tim Weah, César Blackman, José Fajardo, Rich von Biberstein, Adalberto Carrasquilla, Christian Pulisic, Tyler Adams, “, Weah Organizations: CNN, U.S, Soccer, América, national, ” CNN, FIFA, Social Media Protection Service, Panama, Mercedes, Benz, Midway, Copa América, Getty, US, Uruguay, Reuters, Juventus Locations: Panama, Atlanta, Uruguay, Bolivia

☆ The White House Brushed Off Questions About Biden’s Age. Then the Debate Happened.
▼ + stars: | 2024-06-28 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

Ever since President Biden announced last year that he would run again, those in his inner circle closed ranks and brushed off the obvious question: No, they insisted, he was not too old to seek re-election. Republicans were posting wildly distorted video clips on social media making him look more feeble than he actually is. Hand-wringing Democrats fretting over the prospect of an octogenarian president turning 86 by the end of a second term were just “bed-wetters.”Then the debate happened. And now the days of denial at the White House are over. Struggling to contain a brush fire of alarm within the Democratic Party, his team is now forced to confront the issue head on.

Persons: Biden, Donald J, Barack Obama, James E Organizations: fretting, Trump, Democratic Party, Biden, Democratic Locations: Raleigh, N.C, Atlanta, South Carolina

☆ What to know about the massive car dealership outage
▼ + stars: | 2024-06-28 | by ( Ramishah Maruf | Eva Rothenberg | ) edition.cnn.com time to read: +8 min

Here’s what you need to know about the massive software outage. Its systems are used by roughly 15,000 car dealerships across the United States and Canada. Under normal circumstances, the CDK software allows the dealership to register a vehicle almost instantaneously, but now the process faces heavy delays. It said it was able to bring a “small initial test group” of car dealerships back online. But the next morning, the company told dealerships another incident had happened.

Persons: CDK, aren’t, they’ve, Scott Campbell, CNN they’ve, Don Aycock, “, ”, Robbie Jacob, Jacob, Michael Deveney, Katelyn Salvato, hasn’t, Salvato, …, Callahan, We’ve, ” Callahan, it’s, Lisa Finney, ” Finney, ” Eric Noonan, John Dwyer, “ There’s, ” Noonan, Ryan Callahan, Tom McParland, McParland Organizations: New, New York CNN, Auto, CNN, Capital City Buick GMC, Buick, Diego —, Kia, Midway Automotive, Massachusetts, of Motor Vehicles, Pride Motor Group, “, DMV, Bloomberg, Binary Defense, Mazda, Automatch Consulting Locations: New York, North America, United States, Canada, Berlin , Vermont, Clay County , Florida, Diego, Lynn , Massachusetts, Eastern Europe, Seekonk , Massachusetts

☆ Have private equity's 'Hunger Games' recruiting tactics gone too far?
▼ + stars: | 2024-06-28 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

The on-cycle recruiting process is not easy on these young bankers, who are often already working 80+ hour weeks in their new investment-banking jobs. The conventional wisdom on Wall Street has always been that the most hawkish PE firms walk away with the most impressive candidates. Odyssey doesn't participate in on-cycle recruiting because it prefers to fill positions in what is known as "off-cycle," or the months that follow the initial recruiting process. It all leaves me thinking about the PE recruiting cycles of the future. To be overly cautious, I've already penciled in a calendar reminder for 2025: "Monitor for PE recruiting cycle kickoff."

Persons: Thoma, Goldman Sachs, haven't, Emmalyse Brownstein, Anthony Keizner, They're, Keizner, spokespeople, —, I've, I'm Organizations: Service, Wall, Business, Apollo, KKR, Thoma Bravo, JPMorgan, Search, Rice, BI, TPG, Bain Capital Locations: freaked, New York City, New York, Clayton, Dubilier, Thailand

☆ China is testing the limits of a critical U.S.-Philippines defense pact — will Washington respond?
▼ + stars: | 2024-06-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +6 min

An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China. Experts say the latest incident represents an escalation and shows the limitations of the U.S.-Philippines Mutual Defense Treaty signed in 1951. Ezra Acayan | Getty Images News | Getty Images"The Philippines will continue to resupply the Sierra Madre, and hopefully invest in more outposts in their Exclusive Economic Zone in the South China Sea ... The Philippines defense chief has reiterated that the military would not announce its resupply missions to the shoal in advance. The country has also been working to bolster its own defense capabilities in the South China Sea with the support of the U.S.What's at stake?

Persons: Thomas, Jay Directo, Thomas Shoal, Philippines Mutual Defense Treaty, Chester Cabalza, Cabalza, Ezra Acayan, Richard Heydarian, Abdul Rahman Yaacob, Matteo Piasentini, Ferdinand Marcos Jr, Paisentini, Lowy Institute's Yaacob, Geopolitica's Organizations: Philippines Navy, Afp, Getty, U.S ., Philippines Mutual Defense, International Development, Security Cooperation, Bilateral, Philippine Coast Guard personnel, Coast Guard, University of the, U.S, Pacific Command, Philippines, Lowy, Asia Program, Philippine Navy, Sierra Madre Locations: Philippines, China, South China, Spratly, Philippine, Manila, Beijing, U.S, South, U.S . China, Washington, University of the Philippines, Philippine Government, United States, Pacific, Italian, Sierra, Asia

☆ Biden, Trump accuse each other of ruining Social Security, Medicare in first presidential debate
▼ + stars: | 2024-06-28 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

Republican presidential candidate former U.S. President Donald Trump and Democratic Party presidential candidate U.S. President Joe Biden speak during a presidential debate in Atlanta, Georgia, U.S., June 27, 2024 in a combination photo. The future of Social Security and Medicare may be greatly impacted by whoever occupies the White House following the November election. When asked during Thursday night's presidential debate who is the biggest risk to those programs, President Joe Biden and former President Donald Trump pointed to each other. Biden said Trump wants to "get rid of" Social Security and cut Medicare. Social Security provides monthly income to more than 72 million beneficiaries, including retired and disabled workers and families.

Persons: Donald Trump, Joe Biden, Biden, Trump Organizations: Democratic Party, U.S, Social Security, Social, Alliance for Lifetime, AARP, Biden Locations: Atlanta , Georgia, U.S

☆ It's getting so hot, EMTs are putting overheated people in iced body bags
▼ + stars: | 2024-06-28 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

Read previewThis summer, medical professionals will use body bags to save lives. To treat heat-related illnesses, emergency medical professionals in Phoneix started using modified body bags called "immersion bags," The New York Times reported. Quickly submerging a heat stroke patient in icy water is one of the most effective ways to quickly bring down the body temperature. In one case, it only took eight minutes to effectively drop the person's body temperature. AdvertisementSpecial body bags for cooling baths will be standard equipment for ambulances and fire trucks in Phoenix.

Persons: —, Phoneix, They've, Sam Shen, Alexander St, John, Stephen Brashear, Shen, Grant Lipman, Lipman, Ross D Organizations: Service, Phoenix, National Oceanic, Atmospheric Administration, Business, New York Times, Guardian, Department of Emergency Medicine, Stanford University, Harborview Medical, AP, University of Kansas School of Medicine, Franklin Locations: Seattle, Washington, Phoenix, Arizona , California, Texas

☆ Tech founders are shunning IPOs after extended market lull, survey finds
▼ + stars: | 2024-06-28 | by ( Katie Bartlett | ) www.cnbc.com time to read: +1 min

Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook , the public markets are responsible for turning ambitious tech founders into billionaires. But the appeal of the IPO is waning, according to a survey published this week from startup accelerator Techstars. Of the 1,550 entrepreneurs surveyed by Techstars, only 15% said their long-term goal is an IPO. There have been scant few notable tech IPOs in the past two and a half years.

Persons: Techstars Organizations: Oracle, Microsoft, Google, Facebook, Techstars

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