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☆ Arizona is a cautionary tale for school vouchers as a wave of states are giving parents cash to send their kids to private school
▼ + stars: | 2024-05-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Read previewThe prominence of school vouchers continues to surge across the country — but they might not benefit the families who need them the most. Over the past few years, states like Ohio and Arkansas have expanded their school voucher programs to allow most or all parents to receive funding to send their kids to private schools. The modern school voucher movement started to grow in the 1990s under the idea that the government would give parents a certain amount of money to put toward private school tuition. A new report from the Brookings Institution delved further into the implications of Arizona's voucher program. AdvertisementHave you received a school voucher or decided not to participate in your state's program?

Persons: —, Josh Cowen, Cowen, they've, Katie Hobbs, Rebecca Noble, Doug Ducey, Ducey, Hobbs Organizations: Service, Business, Michigan State University, Brookings Institution, Brookings, ESA, Catholic, Republican, Democratic, Arizona Locations: Ohio, Arkansas, Arizona, Brookings, Phoenix, Queen, Tennessee, Georgia, Alabama

☆ Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says
▼ + stars: | 2024-05-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money." "AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday. Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm. Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system. "The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.

Persons: Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai Organizations: Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British Locations: London, OpenAI, Redmond, Washington, French, Anthropic, Europe

☆ No, the electric vehicle market isn’t crashing. It just needs recharging.
▼ + stars: | 2024-05-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

The second is the rate of EV sales growth is slowing, at least temporarily. The EV market is not collapsing, experts say, it’s just entering a new phase. Teslas still make up slightly more than half of all the electric vehicles sold in America, according to a report from Cox Automotive. But, just one year ago, Tesla produced more than 60% of all the EVs sold America. After having trouble cranking up production of its new generation of electric vehicles, GM seems to be accelerating.

Persons: it’s, ”, Coco Zhang, “, Teslas, Tesla, Cox, Ford, China’s Geely, Michael Lenox, Corey Cantor, Cantor, ” Cantor Organizations: New, New York CNN, International Energy Agency, ING, CNN, Cox Automotive, Ford, General Motors, Blazer, European Federation for Transport, Volvo, EV, China Passenger Car Association, University of Virginia, Bloomberg New Energy Finance, Vehicles, Chevrolet Bolt, Dodge Locations: New York, That’s, EVs, America, China, Europe, United States, ’

☆ Best way to make regular income from stocks — plus, how to use our trade alerts
▼ + stars: | 2024-04-28 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

1: What is the best, most efficient way to make a regular monthly income in stocks? The Club does not own any Treasurys but loves dividend stocks and strives to own them. Tracking the dividend yield on a stock is a way to look at the payout as a percentage like a bond yield. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 1: What is the best, most efficient way to make a regular monthly income in stocks?

Persons: Jim Cramer, Chris, Jim, Tom, Nelson Peltz Organizations: Big Tech, Investment Club, Tom Trade, CNBC, Disney

☆ Saudi Arabia wants big spenders for the first part of its Neom megaproject
▼ + stars: | 2024-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.

Persons: —, Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom

☆ What this NFL Draft pick plans to do with his new money—from mutual funds and a Roth IRA to Air Jordan 1 sneakers
▼ + stars: | 2024-04-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Fiske, 24, was drafted by the Los Angeles Rams in the second round of the 2024 NFL Draft on Friday evening. "I had never been around that much money," Fiske told MarketWatch last month. Together, they've discussed "how my financial life is going to change" upon signing an NFL contract, Fiske noted. "I'm putting money into mutual funds, index funds, high-yield savings accounts and maybe exploring new investment opportunities, too," he said, adding: "I also have a Roth IRA ... But that doesn't mean he won't splurge on a fun purchase: He's an avowed fan of Nike's Air Jordan 1 sneakers, for example.

Persons: Braden Fiske, —, Fiske, you've, they've, Roth, he's Organizations: Los Angeles Rams, Florida State University, FSU, NFL, Roth IRA, Air, Honda Accord, CNBC

I reached out to investing educator Amanda Holden, who told me it's smart to start with a brokerage account. Instead of investing in individual stocks, she suggests ETFs and index funds. In order to explain some of the basics in a simple way, I reached out to investing educator Amanda Holden for her thoughts. She had four tips for getting started on your investing journey. Of course, you'll want to consult with a financial advisor for a full investing strategy; her tips are educational, but they aren't investing advice.

Persons: Amanda Holden, it's, Holden, Charles Schwab, Schwab, Get, You'll, aren't, we'll, doesn't Organizations: Fidelity, Vanguard, — Vanguard

☆ NFL draft prospect who could get a $2.7 million signing bonus still drives his old Honda Accord: 'It gets me from A to B'
▼ + stars: | 2024-04-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would mean a likely contract of around $8 million over four years, including a $2.7 million signing bonus, according to MarketWatch . The idea of young athletes reaping instant riches has long been an annual subplot of the NFL draft. The money I received gave me a peace of mind I did not have previously," Fiske told Business Insider. Though he made some savvy choices, Fiske admitted he made "a few mistakes" early on after receiving his NIL money. "I'm sure I'll give in once I see more 0s on my account," Fiske told MarketWatch.

Persons: Fiske, Braden Fiske, he's, He's, he'll Organizations: Honda Accord, Florida State University, NFL, NCAA, FSU, Business, IRA, Air, CNBC Locations: Detroit

☆ 83% of teenagers are already thinking about retirement — but many make this one mistake
▼ + stars: | 2024-04-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Overall, teenagers are taking a greater interest in their long-term financial health — although far fewer understand basic retirement planning. "This research shows retirement is more top-of-mind for teens than one might think," said Jack Kosakowski, Junior Achievement's president and CEO. Slott recommends opening a Roth individual retirement account to get a head start. Contributions to a Roth IRA are taxed upfront, and earnings grow tax-free. Once contributed, the money inside a Roth IRA account can be invested appropriately to suit any type of long-term goal.

Persons: Jack Kosakowski, Junior, Ed Slott, Slott, Roth, Christopher Jackson's, Jackson Organizations: Junior, Da Vinci Communications High School, CNBC Locations: Southern California

☆ China is getting a head start on the flying car industry: report
▼ + stars: | 2024-04-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

China is pulling ahead in the flying car industry. AdvertisementChina is leading the pack as the flying car industry tries to take off. Kellen Xie, the vice president of Chinese eVTOL company AutoFlight Group, told the Financial Times that the Civil Aviation Administration of China (CAAC) has been "quite supportive" of the growing industry. Related storiesXie told FT that CAAC regulators "work longer hours" and "are determined to actually speed up the process of bringing this new technology into reality." A month later, California-based startup Aska became the second eVTOL company to earn FAA certification, but Aska's prototype is more like an aircraft than a car.

Persons: AutoFlight, —, Kellen Xie, Xie Organizations: Service, AutoFlight, Financial Times, Civil Aviation Administration of China, Federal Aviation Administration, Alef Aeronautics, FAA Locations: China, Europe, California

☆ Nvidia is a buy on the pullback and headed toward a $1,150 target, according to chart analyst
▼ + stars: | 2024-04-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

A flagship stock like Nvidia (NVDA) takes a month-long breather and many investors want to throw in the towel on the uptrend and say enough is enough. The last time we spoke about NVDA was on Feb 21st just before the earnings report, while I was on a ski vacation. Turning down to the 195-minute chart (that is a half-day chart), we can fine tune our entry on this idea. I added a one-half position size to our short-term Active Opportunities portfolio with stops just below the $832 low. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, it's, Elliott, Todd Gordon, Gordon Organizations: Nvidia, PPI, Inside Edge, Inside Edge Capital Management

☆ India wants to become the top manufacturing alternative to China. But first it needs to beat Vietnam
▼ + stars: | 2024-04-02 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +6 min

The Biden administration has encouraged American companies to move electronics and technology manufacturing operations out of China and into friendlier countries, particularly Vietnam and India in Asia-Pacific. Vietnam's head startIndia and Vietnam are attractive manufacturing alternatives for foreign investors and companies, due in part to low labor costs. Import taxes remain highOne hurdle for India's manufacturing hub ambitions is the country's 10% import duty for information and communication technologies. India's import taxes were intended to protect domestic manufacturers, but lowering those duties will be part of the government's efforts to attract foreign firms to manufacture goods within the country. For example, India in January lowered import taxes for certain metal and plastic parts used in manufacturing mobile phones from 15% to 10%.

Persons: Biden, Mukesh Aghi, Samir Kapadia, Narendra Modi's, Aghi, Nari Viswanathan, Viswanathan, Tim Cook, Narendra Modi, Andy Ho, Modi, Kapadia, Pankaj Mahindroo, VinaCapital's Ho, Ho Organizations: Hindustan Times, Getty, Republicans, U.S ., India Strategic Partnership, India Index, Vogel Group, U.S, White House, Washington, Financial Times, Apple, Indian, Google, Dixon Technologies, Samsung, Motorola, India Cellular and Electronics Association, CNBC, corporates Locations: Noida, India, Asia, China, Vietnam, The U.S, U.S, United States, Singapore

☆ 4 reasons Private College 529 Plan is a wise investment for your child's future
▼ + stars: | 2024-04-01 | by ( Sponsor Post | Created Insider Studios | ) www.businessinsider.com time to read: +7 min

Private College 529 Plan locks in today's tuition rates, saving big on future costs and giving flexibility with school choice. Both LaShanda and Ben have been saving for their children's higher education using Private College 529 Plan. Learn more about setting your child up for success with Private College 529 Plan. When you save with Private College 529 Plan, you purchase tuition at then-current rates for each college in the plan. This post was created by Insider Studios with Private College 529 Plan.

Persons: Ben S, Ben, LaShanda, Spelman, they're, prepaying, It's, Roth Organizations: Private, Private College, College Board, Stanford, MIT, Princeton, Spelman College, Roth IRA, Insider Studios Locations: Arizona , Arkansas , Kansas , Maine, Minnesota , Missouri, Montana , Ohio, Pennsylvania

☆ How Patty Murray Used Her Gavel to Win $1 Billion for Child Care
▼ + stars: | 2024-03-29 | by ( Catie Edmondson | ) www.nytimes.com time to read: +1 min

Senator Patty Murray got inspired to enter politics when a male state legislator derided her efforts to fight budget cuts to early education programs, calling her “just a mom in tennis shoes” — a remark she would proudly adopt as her campaign slogan. Tucked into the $1.2 trillion spending law Congress cleared last week was an additional $1 billion for a single year for child care and early education programs. Ms. Murray accomplished that feat against substantial political headwinds. Their agreement effectively froze expenditures on everything except the military, translating into deep cuts to social programs. But Ms. Murray, together with Representative Rosa DeLauro of Connecticut, her Democratic counterpart in the House, pushed Republicans to accept a 9 percent increase in spending for child care subsidies for low-income families, and a $275 million increase in spending for Head Start, the federal program for low-income preschool children.

Persons: Patty Murray, Murray, Biden, Kevin McCarthy, Rosa DeLauro Organizations: Democratic Locations: Connecticut

☆ We used to keep our finances separate, but combining our money improved our marriage
▼ + stars: | 2024-03-24 | by ( Louisa Rogers | ) www.businessinsider.com time to read: +5 min

My husband Barry and I got married in 1978, and for the first half of our marriage, he and I maintained separate finances. Our approach worked fine for the first few years because life wasn't very pricey where we lived back then in Bellingham, Washington. When Louisa Rogers and her husband Barry first got married, they kept their finances separate. We still had separate finances at the time. Combining our finances not only helped us relax, but we've also become more creative and generous both with time and money.

Persons: Barry, Louisa Rogers, I'd, we've Organizations: Palo Alto, USAID Locations: Bellingham , Washington, Palo Alto , California, California, Windy Hill, Alto, Palo, Oaxaca, Mexico

☆ Why AI governance must be step one in your generative AI journey
▼ + stars: | 2024-03-18 | by ( Sponsor Post | ) www.businessinsider.com time to read: +4 min

This is why implementing an AI governance strategy should be step one when planning to embed and scale AI across an enterprise. Trustworthy AI demands a strong foundationGenerative AI is new for many companies and issues such as explainability, fairness, robustness, transparency, and privacy. To mitigate such challenges, organizations need to establish an AI governance foundation that factors in the following three imperatives:1. Successful approaches translate AI regulations into policies for automated enforcement and incorporate dashboards to track compliance across policies and regulations. Whether providing generative AI service offerings, or selling and building AI solutions for clients, such partners have already helped numerous companies on their AI journey, and, in the process, have been developing deep expertise to help clients establish an AI governance strategy.

Persons: Kate Woolley Organizations: Companies, IBM, Insider Studios

Congress has until Friday at midnight to pass six major spending bills to avert a partial government shutdown. Six spending bills that cover roughly three-quarters of all federal discretionary spending are at stake:– Defense: Includes funding for nearly all military-related activities. – State, Foreign Operations and Related Programs: Includes funding for U.S. diplomatic activities, cultural exchanges, development and humanitarian assistance. As of Monday morning, appropriators had yet to release any of the six funding bills they’ll need to pass. The stalemate comes in the wake of Republicans killing the bipartisan Senate border deal last month.

Persons: appropriators, they’re Organizations: –, – Financial Services, General Government, Department of, Treasury, of Columbia, – Department of Homeland Security, Federal Emergency Management Agency, Coast Guard, Customs, Immigration Services, Labor, Health, Human Services, Education, Centers for Disease Control, Food and Drug Administration, Social Security, National Labor Relations Board, Senate, U.S . Capitol Police, of Congress, Foreign, House Republican, White House, Department of Homeland Security Locations: U.S, – State

☆ I opened an account that the wealthy like to save and invest in, thanks to its major tax benefits. It was a smart money move, but I made 2 mistakes
▼ + stars: | 2024-03-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

But I let my money sit in the non-bearing cash account for two years. The author started investing her HSA money in 2024. That number looks very different if I chose to leave the money in the cash account for those 26 years: It would amount to about $112,000. Touching the HSA money also cost me. Now that I've spoken with Weiss, I'm building my cash balance up to the one-year deductible amount before I invest more.

Persons: —, they're maxing, Brent Weiss, That's, Weiss, Kathleen Elkins , me Organizations: Service, Business, Vanguard

☆ 25-year-old earns $11,000 a month while training for the Olympic trials: With a 'non-revenue generating sport, you have to get creative'
▼ + stars: | 2024-03-14 | by ( Annie Probert Zachary Green | Annie Probert | Zachary Green | ) www.cnbc.com time to read: +11 min

Add to that the sponsorships funding his pole vaulting season and a growing online personal training business, and Spotswood anticipates earning around $11,000 a month. "I just went home to my parents and was like, 'Where can I do pole vaulting?'" Spotswood first fell in love with pole vaulting in seventh grade and has since embarked on a 12-year career in the sport. Olympic hopefulAfter graduating from Virginia Tech, Spotswood decided to focus exclusively on professional pole vaulting and hopes to qualify for the Olympic trials in June. Looking aheadAfter 12 years of pole vaulting, 2024 is likely Spotswood's last dance.

Persons: Jake Spotswood, Spotswood, Enrique Huaiquil Spotswood, redshirting, Enrique Huaiquil, he's, George Mason, Jake Spotswood Spotswood, He's, George Mason's, I'm, I've Organizations: CNBC, George Mason University, Virginia Tech, University of Alabama, SEC, Alabama, ACC Championships, George, NCAA, Insurance Locations: Fairfax , Virginia, Fairhope , Alabama, U.S, Paris, Fairfax

☆ EU approves landmark AI law, leapfrogging US to regulate worrying new technology
▼ + stars: | 2024-03-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —European Union lawmakers gave final approval Wednesday to a landmark law governing artificial intelligence, leapfrogging the United States once again on the regulation of a critical and disruptive technology. The first-of-its-kind law is poised to reshape how businesses and organizations in Europe use AI for everything from health care decisions to policing. It imposes blanket bans on some “unacceptable” uses of the technology while enacting stiff guardrails for other applications deemed “high-risk.”For example, the EU AI Act outlaws social scoring systems powered by AI and any biometric-based tools used to guess a person’s race, political leanings or sexual orientation. Meanwhile, the law outlines a separate category of “high-risk” uses of AI, particularly for education, hiring and access to government services, and imposes a separate set of transparency and other obligations on them. Companies such as OpenAI that produce powerful, complex and widely used AI models will also be subject to new disclosure requirements under the law.

Persons: Chuck Schumer Organizations: CNN — European Union, EU Locations: United States, Europe

☆ I finally invested my HSA money after writing about millionaires who take advantage of a 'triple tax threat strategy.' I could pocket an extra $233,000 by the time I retire.
▼ + stars: | 2024-03-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

After 65, you can use your HSA money to cover any expense without incurring a penalty, but the funds are subject to income tax. I happily used my HSA money to cover the $1,075 bill. An even smarter move would have been to invest my HSA funds (which I eventually did) and not touch them until age 65. I was relieved when Weiss told me that he also invests his HSA money in a retirement date fund. I asked about how often I should be transferring money from my cash account, where my HSA funds land automatically, to my investment account.

Persons: I've, Brent Weiss, Roth IRAs, HSAs, It's, Weiss, Max, don't, Kathleen Elkins, —, I'm Organizations: Business, Vanguard, IRS Locations: That's, Epsom

☆ Here is Eli Lilly's competitive edge in GLP-1 obesity drugs and Abbott's secondary play
▼ + stars: | 2024-02-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Dow, Jim, Chris Danely, Cramer, Eaton, Eli Lilly, Lilly, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, Semiconductor, Citi, Broadcom, Nvidia, Devices, Micron, Dell Technologies, Autodesk, Novo Nordisk, Abbott Laboratories, Novo, Viking, Jim Cramer's Charitable

☆ Russia says it has delivered 200,000 tons of grain to African countries
▼ + stars: | 2024-02-21 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

CNN —The Russian Ministry of Agriculture said Tuesday it had shipped 200,000 tons of grain in humanitarian aid to six African nations, fulfilling the Kremlin’s pledge to the continent last July. Agriculture Minister Dmitry Patrushev said late Tuesday that Burkina Faso, Mali, Eritrea, and Zimbabwe each received 25,000 tons of grain while the Central African Republic and Somalia got 50,000 tons each, Russian state news agency TASS reported. Somalia and Eritrea had previously sourced 90-100% of their grain needs from both Russia and Ukraine before the conflict, according to the UN’s Food and Agriculture Organization (FAO). ‘A strategic donation’The Kremlin’s grain initiative has been described by analysts as a “strategic” move as Putin’s African alliance broadens. So, it’s contestation.”Many African states took a neutral stance on Russia’s invasion of Ukraine in perceived loyalty to the Kremlin.

Persons: Dmitry Patrushev, Vladimir Putin, “, ” Patrushev, ”, Godfrey Kanyenze, Kanyenze, they’ve Organizations: CNN, Russian Ministry of Agriculture, Central African, United, Agriculture Organization, FAO, Labor and Economic Development Research Institute of Zimbabwe Locations: Burkina Faso, Mali, Eritrea, Zimbabwe, Central African Republic, Somalia, United Nations, Turkey, Africa, St . Petersburg, Russia, Ukraine, rocketing

Generational wealth makes investments more importantIn short, generational wealth is the wealth that’s passed down through a family from generation to generation. AdvertisementIn order to understand generational wealth, I had to understand the history of Black people in America. He and his siblings didn’t receive generational wealth when their parents died, and they also didn’t have the same opportunities as white families. AdvertisementNow that I understand generational wealth, I’m still frustrated, but I no longer feel like I’m inadequate or unintelligent, because I now understand the privileges that I didn’t have. Fortunately, now I can take my frustrations about generational wealth and use it when I go to the voting booth.

Persons: I'm, I've, That’s, didn’t, you’re, we’d, grandpa, I’m Locations: America, Modesto , California

☆ Gene Simmons says the only time he ever got high was when he accidentally ate 6 weed brownies at a party
▼ + stars: | 2024-02-21 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

Gene Simmons may be a rockstar, but he says he doesn't do drugs or alcohol — except that one time he accidentally ate six weed brownies in the '70s. "The whole room is full, and I'm just seeing the brownies piled on it, and I love that stuff," Gene said on the podcast. AdvertisementA woman was handing out the brownies at the party, and Gene recalled constantly asking her for more. Very soon, the high started to kick in, Gene said on the podcast. During an appearance on "Good Morning Britain" in 2022, the singer shared that his clean lifestyle has allowed him to look great despite already being in his seventies, per The Independent.

Persons: Gene Simmons, Christina P, Tom Segura, Gene, Nick, let's, Creem, —, I'm Organizations: Kiss, Business, rockstar, LA Times Locations: Detroit, Britain

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