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Xabi Alonso and Bayer Leverkusen are a living, breathing testament to that. “During the first weeks of the competition, I had a good feeling that we could make a good season. “For sure, I was not that optimistic that we could fight until the last week, but that we could have a good season? Could Leverkusen become just the second German team in history to complete a treble after Bayern Munich? “For the whole of Europe or even the whole world to see how good the teams are, how good the players are … it’s really, really important.
Persons: it’s, Xabi Alonso, they’ve, , , ” Alonso, Amanda Davies, Alonso, , , Francis Gonzalez, Granit, Victor Boniface, Florian Wirtz, Jeremie Frimpong, Ina Fassbender, “ We’re, Alonso applauds, Alex Grimm, It’s, Atalanta, That’s, Premier League …, Hesham, Jeremie, Frimpong, ” It’s, Vincent Kompany, Arne, he’d Organizations: Italy CNN, Bayer Leverkusen, CNN, Globe Soccer, , Real Madrid’s, Real, Sociedad, Real Sociedad, Real Sociedad B, Bundesliga, Champions, Champions League, Bayern Munich, , Leverkusen, Real Madrid, League, Getty, Augsburg, Invincibles, Benfica, Atalanta, Europa League, Kaiserslautern, Leverkusen's Europa League, Borussia Dortmund, ‘ Farmers League, Liga, Premier League, – Bayern Munich, Liverpool Locations: Sardinia, Italy, AFP, Germany, Europe, Dortmund, San Francisco, Delhi, Liverpool, Merseyside
Stuck in a Starter Home
  + stars: | 2024-06-02 | by ( Rukmini Callimachi | ) www.nytimes.com   time to read: 1 min
If buying a home is an inexorable part of the American dream, so is the next step: eventually selling that home and using the equity to trade up to something bigger. But over the past two years, this upward mobility has stalled as buyers and sellers have been pummeled by three colliding forces: the highest borrowing rates in nearly two decades, a crippling shortage of inventory, and a surge in home prices to a median of $434,000, the highest on record, according to Redfin. People who bought their starter home a few years ago are finding themselves frozen in place by what is known as the “rate-lock effect” — they bought when interest rates were historically low, and trading up would mean a doubling or tripling of their monthly interest payments.
Y Combinator cofounder Paul Graham said you should work for startups, not big companies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFamed entrepreneur and Y Combinator cofounder Paul Graham says it's wise to work for startups over big companies — even if they're more likely to fail. Working for big companies might be "safer," the investor shared on X, but the connections forged with startup colleagues can cue up future success. "In ten years they'll be running everything," Graham wrote of startup employees, "even if the startup tanks."
Persons: Paul Graham, , Y, Graham Organizations: Service, Business
Mumbai, India CNN —For millions of Indians, it’s the city where dreams come true – just look around. Vegetable seller Sachin Chaudhary poses for a picture during an interview with CNN in Mumbai, India, on April 16, 2024. A billboard with India's Prime Minister Narendra Modi displayed on a road in Mumbai, India on April 15, 2024. Noemi Cassanelli/CNNA man cycles along a road in front of the Shiv Sena headquarters in Mumbai, India, on April 16, 2024. Sanjay Sardesai sits on his motorbike outside of the Indian National Congress headquarters during an interview with CNN in Mumbai, India, on April 16, 2024.
Persons: Mukesh Ambani, , , Sachin Chaudhary, Noemi Cassanelli, Rajani Bhat, “ I’m, , ” Rajani Bhat, Narendra Modi, ” Kalpita Shinde, it’s, Helen D’Souza, ” Helen D’Souza, CNN ‘, Shiv Sena, Bhat, chai, Parag Sawla, Parag, Chaudhary, Modi, Sanjay Sardesai, CNN Sanjay Sardesai Organizations: India CNN, CNN, Bharatiya Janata Party, BJP, India's, sips, Indian National Locations: Mumbai, India, New York, Colaba, Modi, Dadar
Pursuit, a nonprofit job-training program in Queens, was in trouble. “It felt like staring into the abyss.”While small, Pursuit has a track record of success, helping to lift low-income workers into good-paying jobs as software engineers. Experts say it is at the forefront of emerging trends in upward mobility programs for low-income Americans. Its model of coursework, mentorship and financing does not look like a traditional school. Its technical instruction is constantly updated to meet employers’ needs and tailored to individual learners.
Persons: , Jukay Hsu, Pursuit’s Organizations: New York State Department of Education Locations: Queens
Read previewYoung Americans are feeling increasingly isolated from their offices and classrooms, and these "disconnected youth" — or "opportunity youth" — may be ill-positioned for the future. Loneliness and a tough job market are leaving many Gen Zers feeling stuck, isolated, and unsupported. In fact, they're members of the disconnected youth — defined as Gen Zers who are not in school and not working. Disconnected youth are at risk of long-term stagnationMost Gen Zers — who are between the ages of 12 and 27 — are in this decisive decade. How to help disconnected youthAlthough many disconnected youth struggle with school and work, researchers cautioned against a "one size fits all" solution.
Persons: , Gen Zers, Richard Reeves, Reeves, Zers, aren't, Zers —, Jonathan Zaff, Ian Rowe, Lara Aknin, Zaff, Zer, isn't Organizations: Service, Brookings, Business, Federal Reserve Bank of Dallas, National Center for Education Statistics, Boston University, American Enterprise Institute, Partnership Locations: North America, Brookings
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
But St. John’s is hardly the only institution of higher learning to either merge campuses or close its doors as a result of low enrollment or economic challenges over the past few years. More than 91 colleges closed between 2016 and 2023, including 15 in 2023 alone; 44 percent of the schools were, like St. John’s, religiously affiliated. The Staten Island campus, created in 1971, has traditionally been home to students mainly from Brooklyn and Staten Island, the majority of whom, being commuters, appreciated being able to get a college education in the vicinity of their local communities. The campus’s culture reflects that of Staten Island, whose residents often value planting one’s roots in the neighborhood and maintaining proximity to family over making frequent moves in the name of upward mobility. “Small colleges,” Mr. Franek said, “have been outstanding at offering their students an excellent liberal arts education.
Persons: John’s, Vincent de Paul, — socioeconomically, Rob Franek, , Mr, Franek, Organizations: Vincentian Fathers, Queens, The Princeton, Locations: York, St, Staten, Brooklyn, Staten Island, U.S
Vice President Kamala Harris made a new effort to energize Black voters in battleground states on Monday, visiting Atlanta for the kickoff of a national economic tour that will highlight how the Biden administration says its policies are helping a constituency that will be vital to Democrats’ success in November. Speaking to a largely Black crowd of about 400 people, Ms. Harris laid out ways that she and President Biden have sought to improve Black Americans’ upward mobility and help them realize their business ambitions. A chief objective of the tour, she said, was to let Black business owners and entrepreneurs know about the resources available to them. “I need the help of the leaders who are here to get the word out so people know what is available to them,” she said during a conversation at the Georgia International Convention Center with Rashad Bilal and Troy Millings of the financial literacy podcast “Earn Your Leisure,” which offers business advice to its more than two million listeners, a majority of whom are Black. Explaining how government policies have widened the racial wealth gap over the years, Ms. Harris pointed to the Biden administration’s attempts to try to narrow it, including small-business grants and efforts to forgive student loans.
Persons: Kamala Harris, Biden, Harris, , Rashad Bilal, Troy Millings Organizations: Georgia International Convention Locations: Atlanta
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewI smoothed down the pink fabric of my blazer as I slid into the office chair for my job interview. The serious-looking man with dark hair slicked back led the questioning while the blonde-haired one made witty cracks. We started datingWe kept our budding romance secret for the first few weeks but were outed at the company Christmas party. My old boss and new boss didn't get along, which meant Jason was fussed at when he was caught at my desk.
Persons: , khakis, I'd, Jason, Amanda Garland, didn't Organizations: Service, Business
On top of that, she added that tech companies will give people in AI-related jobs bonuses for performance and plenty of equity compensation. About half of the people came from Big Tech companies. Gill said the new Kognitos hires who haven't come from Big Tech have jumped ship from other startups. Some AI talent are even striking it out on their own to start their own companies. He left his tech job to form an AI startup after seeing another large fundraise from another new AI company.
Persons: , Sam Altman, Altman, Mark Zuckerberg, Dan Portillo, Goldman Sachs, Jaclyn Rice Nelson, Nelson, that's, Claude chatbot that's, Binny Gill, Kognitos, Gill, he's, haven't, David Steinberg, Steinberg, AI's Nelson, There's, Greg Selker, Stanton Chase, Selker, hemming, hawing Organizations: Service, Business, Meta, Sweat Equity Ventures, OpenAI, Big Tech, Zeta Global Locations: Anthropic, ChatGPT
Investors are hoping the upcoming earnings season will help bring back this year’s banner rally. The first-quarter earnings season could get the stock rally chugging along again, some investors say. Earnings season kicks off next week with quarterly updates from Delta Air Lines, Citigroup, BlackRock, JPMorgan Chase and Wells Fargo. For the millions of recent Latino immigrants in the US, construction jobs have low barriers to entry and the openings are plentiful. The crackdown comes as its rival Netflix has attributed a jump in signups from its recent crackdown on password sharing.
Persons: Stocks, FactSet, , Matthew Stith, Wells, Yung, Yu Ma, Francis Scott Key, Ramishah Maruf, Gloria Pazmino, We’re, It’s, Reinaldo Quintero, , ” Read, Samantha Murphy Kelly, Bob Iger, hasn’t, Read Organizations: CNN Business, Bell, New York CNN, Investors, Bartlett Wealth Management, Delta Air Lines, Citigroup, JPMorgan Chase, BMO Wealth Management, Bureau of Labor Statistics, CNN, Disney, CNBC, Netflix Locations: New York, BlackRock, Wells Fargo, Baltimore, America, signups
More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.
Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, , Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, , Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers
Harvard research indicates friendships with richer people are linked to upward economic mobility. AdvertisementBefriending rich people can do a whole lot to boost your economic mobility, but you need to be able to find them first. Research from Harvard economist Raj Chetty has shown that friendships with richer people are linked to upward economic mobility. But to do that, you need to live in areas where you'll be able to mix across income levels. That's because, among children who grow up in areas where lower-income kids have more higher-income friends, there's "much higher rates of upward mobility."
Persons: , Raj Chetty, Chetty Organizations: Harvard, Service, Research, Business
When Gwyneth Paltrow and Chris Martin named their separation a "conscious uncoupling" 10 years ago, I was in Costa Rica on a writing retreat. What the heck is a "conscious uncoupling"? Within one day, conscious uncoupling was listed in an online dictionary as "redefining divorce in the 21st century." Katherine Woodward Thomas, the founder of Conscious Uncoupling Laura ReochYet Mark and I were determined to protect our daughter and resolved to not put her in the middle. Katherine Woodward Thomas, a licensed marriage and family therapist, is the New York Times bestselling author of "Conscious Uncoupling: 5 Steps to Living Happily Even After."
Persons: Gwyneth Paltrow, Chris Martin, she'd, Gwyneth, uncoupling, I'd, Mark, Katherine Woodward Thomas, Laura Reoch, That's Organizations: Hollywood, Disney, New York Times Locations: Costa Rica, goop, Star, Venice, Italy
In part, that was because it was just impossible to trace Irish famine immigrants and find out what had happened to them. This is just inconceivable to anyone who had ever thought about the famine Irish given the obstacles that faced them. Biden is one of four US presidents who descended from Irish famine immigrants. The famine immigrants really were the ones who cemented the idea of the American Dream as we understand it today. At the time, the neighborhood was home to the more Irish immigrants than any other part of the city.
Persons: CNN — Tyler Anbinder didn’t, Anbinder, Martin Scorsese, , , “ It’s, ” Anbinder, Richard Ljoenes, , , Patrick’s, there’s, , Michael Sullivan, they’re, Biden, Obama, Reagan, Kennedy, Joe Biden, Kevin Lamarque, He’s, Pope, I, ” Biden doesn’t, George Washington, There’s, you’ve, Alderman John Barry’s, Tyler, Tyler Anbinder, he'd, Chris Langford, can’t, United States —, John Carlin, saloonkeepers, Saint Louis Organizations: CNN, Emigrant Savings Bank, New York Public Library, Irish, George Washington University, St, they’re Catholic, London, Hulton, Murphys, Reuters, New York Tribune, George Washington Bridge, New York Central Railroad, York, New York Public Locations: New York, York, United States, America, Europe, Liverpool, Ireland, County Mayo, Rome, Irish, Manhattan, Yorkers, New, New York City, Chicago, California, Minnesota, Saint
What Groups Need Affirmative Action?
  + stars: | 2024-03-15 | by ( David Leonhardt | ) www.nytimes.com   time to read: +1 min
To do so, Abramitzky and Boustan collected millions of tax filings, census records and other data and analyzed upward mobility over time. As in the past, immigrants themselves tend to remain poor if they arrive poor, as many do. Within a generation or two, immigrant families resemble native families in economic terms. Overall upward mobility has declined sharply. For a mix of reasons — including their willingness to move to U.S. regions with strong economies — immigrant families have kept climbing society’s ladder.
Persons: — Ran Abramitzky, Leah Boustan, Princeton —, , Boustan Organizations: Stanford, Princeton, Immigrants Locations: United States, Gold, Asia, Latin America, Italy, Russia, U.S
It's still not easy for me to admit it, but that night I used my pain to feed my professional ambition. In a previous job, burnout nearly killed me, and I vowed to never let ambition swallow me again. There's a fine line between the motivation needed to build a successful career and the uncontrolled ambition that ends in burnout. As I unpacked this predicament in therapy, I began to wonder: How did ambition become such a force in our world? In the ancient world, ambition was seen as a curse.
Persons: I'd, It's, I've, Cicero, Seneca, William Casey King, Virtue, shrewdly, King, don't, They're, wasn't, he'd, Coke, Ambition, , I'm, Gabor Maté, Mark L, There's, unethically, India's Organizations: Oxford, New York Times, Guardian Locations: hustling, India, New Delhi
New York City is the nation’s largest municipal employer, but has struggled recently to recruit and retain employees. As of September 2023, there were over 20,000 vacant municipal jobs, according to Council data. City officials say they have recently hired 1,000 workers and reduced the delays in processing benefits. “This does not have to be our reality.”How the Plan Would Work: Partly by hiring CUNY students and seasonal workers. The second part of the effort would connect workers who are typically underemployed, including young people and asylum seekers, with seasonal city jobs such as cleanup crews or internships in various industries.
Persons: Ms, Adams, Henry Garrido, Eric Adams’s Organizations: CUNY, District, City University of New Locations: York, New York City, City University of New York, New York
It includes a $3.1 billion funding increase for the Education Department to help student-loan borrowers. AdvertisementPresident Joe Biden's budget wish list is out — and it includes boosted funding to help student-loan borrowers as they continue to navigate the return to repayment. Biden's budget request released on Monday outlines what his administration is seeking to prioritize in the final year of his first term. Additionally, the budget request proposes getting rid of student-loan origination fees, or fees a lender charges for processing a borrower's loan. However, many of the initiatives in Biden's budget request would require congressional approval, and with Republicans holding a majority in the House, it's unlikely it would pass in its current form.
Persons: , Joe Biden's, Education James Kvaal, Pell Grant, Biden Organizations: Education Department, Service, Child, Social Security, Federal, Aid, Federal Student Aid, Education, College Fund, Republicans, Business, Management
The American workplace has undeniably changed since 2020 and the start of the pandemic. A company job is no longer the dream. Their day jobs are treated like situations to get out of to find real business potential. The American dream — of upward mobility, individual prosperity and success — in 2024 anyway, is not a result of traditional employment. “I don’t go to sleep,” one of the contestants says of how she balances her day job and her hustle.
Persons: Elena Sheppard, , Ashley Graham, Emma Grede, teetering, Gerde, Graham, Sheppard, Gen, , “ It’s, “ I’ve, it’s Organizations: Cuban, Martin’s Press, CNN, Good, Grede Locations: Cuban Diaspora, St, American
New research upends the trope that women use their looks to get ahead in their careers, showing that men actually reap greater benefits from being attractive in the workplace. A recent study of more than 11,000 Americans conducted over 20 years has found that good-looking men are more likely to attain better jobs and make more money than similarly attractive women. Alexi Gugushvili and Grzegorz Bulczak recorded participants' demographic information and socioeconomic status, then asked volunteers to rate the participants' physical attractiveness on a 4-point scale: Very attractive, attractive, unattractive, and very unattractive. Even with potential obstacles like coming from a low-income household or growing up in a dangerous neighborhood, attractive men still managed to achieve upward mobility. Good-looking women had a slight advantage in their careers over other women deemed less attractive, but men saw the greatest benefits from their physical appearance, according to the report.
Persons: Alexi Gugushvili, Grzegorz Bulczak, Bulczak, it's Organizations: University of Oslo, Polish Academy of Sciences, Adolescent Health
Casino magnate Steve Wynn spent the night of the New Hampshire primary alongside Trump. Ron DeSantis’ biggest financial backers and donated $20 million to the super PAC backing DeSantis’ presidential bid. While some of these high-dollar financiers are coming around to Trump, others have shifted to former South Carolina Gov. Her fundraising swing through New York City is expected to bring in $1.5 million in new donations, according to a Haley campaign official. We are anywhere and everywhere in South Carolina.
Persons: Donald Trump, Steve Wynn, Robert Bigelow, Las Vegas businessman Don Ahern, Trump, Ahern, Bigelow, Ron DeSantis, DeSantis, Rebekah Mercer, Nikki Haley, MAGA, Haley – Trump’s, , Haley, Charles Koch, Susie Wiles, Ken Griffin, Paul Singer, Ricketts, Griffin, Haley’s, , , ” Griffin, Zia Ahmed, Ahmed, Dave McCormick’s, Tim Sheehy’s, Ken Langone, Cliff Asness, Stanley Druckenmiller, Nikki, ” Asness, “ We’ve, CNN’s Ebony Davis Organizations: CNN, Casino, New, Trump . Aerospace, Las Vegas businessman, Trump, Florida Gov, GOP, Mercer, Politico, South Carolina Gov, Inc, South Carolina, Republican, Prosperity, American Opportunity Alliance, Chicago Cubs, Citadel, U.S . House, , Republicans, Wall, AQR Capital Management, South, CBS News Locations: Lago, New Hampshire, Las, Trump’s, Nevada, Palm Beach , Florida, Florida, Trump, Kansas, Palm Beach, Pennsylvania, Montana, New York, New York City, , South Carolina
Citadel CEO Ken Griffin, a billionaire and major Republican campaign donor, gave $5 million to a political action committee backing former South Carolina Gov. Nikki Haley over Donald Trump in the GOP primary for president, according to his company spokesman. Despite the Haley donation, Griffin also praised Trump on Tuesday during his conversation with CNBC. He has also donated $10 million to a super PAC supporting Pennsylvania Senate candidate Dave McCormick, the former CEO of hedge fund Bridgewater Associates. A super PAC that is backing Montana Senate hopeful Tim Sheehy received $5 million from Griffin, according to a Citadel spokesman.
Persons: Ken Griffin, Nikki Haley, Donald Trump, Griffin, Haley, Trump, Ron DeSantis, DeSantis, Dave McCormick, Tim Sheehy, Sheehy, Democratic Sen, Jon Tester, Matt Rosendale Organizations: Citadel, Republican, South Carolina Gov, GOP, SFA Fund, CNBC, U.S . House, Funds Association, Forbes, United Nations, Florida Gov, Trump, Pennsylvania, Bridgewater Associates, Democratic, GOP Rep, CNBC PRO Locations: Miami, U.S, Iowa, Trump, New Hampshire, South Carolina, Griffin
Soon after they got married in 2022, Heather MacLean and Scott Kyrish decided they needed a financial advisor. "We were both making good money, and we realized we were just putting it in savings," says MacLean. "It didn't take long before Jay started trying to convince me to quit my job," MacLean says. She was making about $52,000 a year and her husband had recently received a salary bump from about $65,000 to about $80,000. "I remembered how much I loved it and thought, 'Maybe I'll give this a shot and see if it can turn into something,'" MacLean says.
Persons: Heather MacLean, Scott Kyrish, MacLean, Kyrish, How's, Jay Zigmont, Zigmont, Jay, NaNoWriMo, She's Locations: Rock , Texas, Hale Harbor
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