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☆ I'm the founder of Gen-Z for Change and a freshman at Harvard. Here's how I balance my day so I don't miss out on the college experience while building my non-profit.
▼ + stars: | 2023-03-02 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Though the campaign was ultimately unsuccessful, it sparked a passion for political engagement that has since turned into a nonprofit called Gen-Z for Change. It says itworks with local, state, and federal organizations to effect policy change on topics including foreign policy, mental health, and climate. For the first year, Kohn-Murphy said, he spent time building the brand and working on a volunteer basis. He built the platform's infrastructure, created a posting schedule, and started to imagine what Gen-Z for Change could be outside of a TikTok account. A day in Kohn-Murphy's life includes attending classes at Harvard, building the business, and trying to have what he described as a typical college experience.

☆ Here are the top ways the world's ultra-rich spent their money last year, including pouring $455 billion into commercial real estate
▼ + stars: | 2023-03-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The world's rich invested $455 billion in commercial properties in 2022, according to Knight Frank's wealth report. Whether in a private capacity or through a family office, the world's wealthy invested $455 billion in commercial properties, according to Knight Frank's wealth report released on Wednesday. Private capital also surpassed investments from institutions, which poured $440 billion in commercial property, down 28% from the year before. Investments in luxury collectibles increased by 16% last year, according to the Knight Frank Luxury Investment Index. Despite the increased investment, the world's ultra-rich ultimately lost $13.8 trillion, or 13.6%, of their wealth in 2022.

☆ Insurers Avoid Picking Up Businesses’ Covid-19 Pandemic Costs
▼ + stars: | 2023-02-03 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

“If they assumed incorrectly, the mom-and-pop restaurants shouldn’t be penalized.”Federal appeals courts so far have rejected cases like Consolidated Restaurant’s. In January, the federal appeals court in Philadelphia ruled against a range of businesses. With that decision, businesses had seen losses in 11 federal appeals courts, whose jurisdictions span nearly the entire country. Business interruption insurance policies are typically written to address harm to property: For instance, if a water-main break floods a sales floor, or a fire forces a business to close. In June, a Boston federal appeals court rejected a Covid insurance claim by a group of restaurants.

New York CNN —The Federal Aviation Administration plans to dramatically accelerate replacing the safety system whose failure led to a nationwide air travel grounding earlier this month. The 30-year-old NOTAM, or Notice to Air Missions, system provides potential flight hazard information to pilots and air traffic controllers. The FAA said it now requires “at least two individuals to be present during the maintenance” of the NOTAM system. Still, it’s another critical tool for air safety. It was the first nationwide grounding of the nation’s air traffic system in 20 years, since the days following the September 11 attacks.

☆ Funky Boutique Operator Ace Hotel Reaches Deal to Sell the Company
▼ + stars: | 2023-01-17 | by ( Kate King | ) www.wsj.com time to read: 1 min

Ace has 11 hotels in operation, including locations in Los Angeles, New York and Kyoto, Japan. A Portland, Ore.-based hospitality firm has reached an agreement to acquire Ace Group International , the operator of a quirky but influential hotel chain known for its cafes, in-house DJs and reclaimed furniture scattered throughout its lobbies. Sortis Holdings Inc. has agreed to pay $85 million in an all-cash transaction for the Ace brand and its hotel management company, according to Sortis Holdings Executive Chairman Paul Brenneke .

While all airlines were affected, one stood out as the grounding of domestic flights had a cascading effect on air travel: Southwest Airlines. According to the flight tracking company Flight Aware, Southwest had as many as 49% of its flights delayed as of noon Wednesday. Anuvu, another site that tracks flights, showed just 7% of Southwest flights were departing on time, compared with 15% for American Airlines, 21% for United Airlines, and 33% for Delta Airlines. Southwest is still reeling from the huge disruption it experienced over the Christmas holiday that saw an estimated 11,000 of its flights canceled. Southwest said Wednesday it would rebook customers on the next available Southwest flight with seats available to the customer’s ticketed destination, at no additional cost.

☆ What is NOTAM, the FAA computer system that halted all US flights?
▼ + stars: | 2023-01-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

It is separate from the air traffic control system that keeps planes a safe distance from each other, but it’s another critical tool for air safety. The FAA also operates the nation’s air traffic control system, with air traffic controllers using radar to track all planes in their air space and radio communications with their cockpits to guide them safely. If no new problems crop up, flights should return to normal soon, though it may take time to get all the delayed flights in the air. Just before noon ET Wednesday, tracking service FlightAware shows about 7,000 delayed flights to, from and within the United States, with nearly 1,100 canceled flights altogether. But if the problem stretches too long, flight crews who are standing by to fly delayed flights will run out of time in their service day.

☆ Southwest did not have a reconciliation system to handle cancellations, says Mike Boyd
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest did not have a reconciliation system to handle cancellations, says Mike BoydMike Boyd, president of the aviation consulting firm Boyd Group International, joins CNBC's 'Squawk Box' to weigh in on the meltdown at Southwest Airlines and what it means for other airlines.

☆ Retired military officials are finding high-paying jobs with the Saudi government and can make up up to 7-figure salaries working for other foreign governments: WaPo
▼ + stars: | 2022-10-19 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Hundreds of retired military officials took jobs in foreign governments since 2015, per WaPo report. Still, dozens of military personnel have accepted jobs contracted from Saudi Arabia since Khashoggi's killing. In an interview with The Post, Jones said that he was encouraged by the Trump administration to accept more contracts from the country's Defense Ministry. Eight are retired generals and admirals, and 32 are former lower-ranking military personnel, The Post reported. The Post also reported that some people negotiated jobs with foreign governments during active service.

☆ Meet the Army of Robots Coming to Fill In for Scarce Workers
▼ + stars: | 2022-10-15 | by ( Christopher Mims | ) www.wsj.com time to read: 1 min

A new wave of robots is arriving—and, in a world short of workers, business leaders are more eager to welcome them than ever. A combination of hard-pressed employers, technological leaps and improved cost effectiveness has fueled a rapid expansion of the world’s robot army. A half-million industrial robots were installed globally last year, according to data released Thursday by the trade group International Federation of Robotics—an all-time high exceeding the previous record, set in 2018, by 22%.

NEW YORK/TOKYO, Sept 29 (Reuters) - Japan's SoftBank Group Corp (9984.T) is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person familiar with the matter said, as CEO Masayoshi Son retrenches following huge loss on his tech bets. Register now for FREE unlimited access to Reuters.com RegisterThe cuts will affect staff in the investment teams and back-office staff in departments such as finance and legal, a second source said. The cuts also encompass SoftBank Group International, which was led by Marcelo Claure before he exited the firm and which manages other group investments. Vision Fund has radically scaled back investing activity, with Son saying SoftBank's second Vision Fund would primarily manage its existing portfolio. SoftBank has sold down its stake in key asset Alibaba Group Holding Ltd (9988.HK) and outlined plans to list Arm.

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