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☆ The fastest private jets in the world ranked by speed
▼ + stars: | 2023-10-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Bombardier Global 8000 is poised to become the world's new fastest private jet come 2025. AdvertisementAdvertisementHere are some of the fastest private jets in the world — with one actually exceeding Mach 1 during a test flight. The G280 and G400 siblings have a maximum operating speed of Mach 0.85 and 0.90, respectively — making the latter also one of the world's fastest private jets. Dassault Falcon 10X: Mach 0.925 (710 mph)Dassault Aviation's new Falcon 10X private jet is scheduled to debut in 2025. Bombardier Global 8000: Mach 0.94 (721 mph)Private charter company NetJets will be the launch customer of the Global 8000.

Persons: —, they're, Dominique Boutin, Taylor Swift, Mike Fuchslocher, FlightGlobal Organizations: Bombardier Global, Manufacturers, Service, Boeing, Dassault Falcon, Getty, Dassault 7X, Bombardier, Gulfstream, Dassault, Falcon, Dassault Aviation, Gulfstream G700, Gulfstream Gulfstream, Qatar Airways Executive, —, Paris Air Show, Cessna, Textron Aviation, Private, Galactic's Locations: Concord

☆ A pair of Bahamian private jets said to be funded by a 'handshake deal' with Sam Bankman-Fried are set to be confiscated by the US government
▼ + stars: | 2023-10-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Prosecutors said Wednesday that two private jets linked to Sam Bankman-Fried are subject to forfeiture. FTX loaned a Bahamian jet charter company $28.4 million to buy the planes, Insider reported. AdvertisementAdvertisementTwo private jets linked to Sam Bankman-Fried are set to be confiscated by the US government, according to a forfeiture bill filed Wednesday. The court filing says he tried to sell the Global to help repay the loan, before the US Marshals Service seized it in February. Bankman-Fried, nor any other FTX executives, ever flew on the Global or Embraer, a person familiar with the situation previously told Insider.

Persons: Sam Bankman, FTX, —, Damian Williams, Paul Aranha, Fried, Aranha, SBF's Organizations: Service, Bombardier Global, Embraer, EMB, Capital, IAC, Air Capital, Trans Island Airways, Global, US Marshals Service, Cessna Locations: Bahamian, Delaware, FTX, Florida, Bahamas

☆ Curtain comes up on new term for conservative US Supreme Court
▼ + stars: | 2023-10-02 | by ( John Kruzel | ) www.reuters.com time to read: +4 min

The U.S. Supreme Court building is seen in Washington, U.S., August 31, 2023. The conservative justices have shown assertiveness in major rulings in the past two years. The court has ended its recognition of a constitutional right to abortion, expanded gun rights, restricted federal agency powers, rejected affirmative action in college admissions and broadened religious rights. The justices are opening their annual term on the first Monday of October, in keeping with tradition. The term debuts with some justices under ethics scrutiny after revelations this year of their ties to wealthy conservative benefactors.

Persons: Kevin Wurm, Joe Biden's, Mark Pulsifer, Donald Trump, Pulsifer, Ruth Bader Ginsburg, Trump, Amy Coney Barrett, Ginsburg, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Purdue, Republican, resentencing, Consumer Financial Protection Bureau, Securities and Exchange Commission, U.S . Postal, Thomson Locations: Washington , U.S, Iowa, Texas, Florida

☆ Sam Bankman-Fried took 21 private jet trips to and from Washington, and chartered Cessnas to transport Amazon packages to FTX HQ, sources say
▼ + stars: | 2023-09-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

FTX spent $15 million on flights and plane upgrades with a charter airline, a court filing said. Bankman-Fried made 21 trips to or from Washington, DC, on a Learjet 60, a person with direct knowledge told Insider. AdvertisementAdvertisementSam Bankman-Fried and FTX frequently chartered private jets from a Bahamian company called Trans Island Airways (TIA), three people familiar with the matter told Insider. They added that each trip cost between $20,000 and $30,000, which means the Learjet flights alone could cost more than $1 million. AdvertisementAdvertisementProsecutors allege that Bankman-Fried orchestrated a scheme that involved funneling $100 million of FTX funds through executives to politicians .

Persons: FTX, Fried, —, Sam Bankman, Joe Bankman, Jerome Powell, Martin, Ryan Salame, Bankman, Michael Lewis, Lewis, Sam, Ryan, Sam's Organizations: Service, Trans Island Airways, TIA, Amazon, Bombardier Global, Embraer ERJ, Trans, Airways, Prosecutors, Capitol, Yorker, New York Times, Federal, Learjet, Bankman, TIA's, Cessna, Fort, Fort Lauderdale Executive Airport, Twitter Locations: Washington, DC, Florida, Bahamas, Caribbean, New York, Chicago, Fort Lauderdale

☆ Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets
▼ + stars: | 2023-09-29 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

The yacht "Event", which is believed to be owned by China Evergrande, is docked in Hong Kong, China October 11, 2021. Evergrande's offshore bondholders are expected to sharpen their focus on offshore assets as the developer's debt restructuring plan flounders with the founder now being investigated over suspected "illegal crimes". Compared to its $31.7 billion in total offshore liabilities, Evergrande has far fewer assets outside China. Of the remaining offshore assets of the company and its founder, creditors would need to establish whether they have already been used as collateral to raise funds. Foreign bondholders' "ability to get to these (offshore) assets is a function of the legal claim - has he (Chairman Hui) pledged it?"

Persons: China Evergrande, Tyrone Siu, Evergrande, Hui Ka Yan, Hui, Scott Murdoch, Julie Zhu, Marc Jones, Sumeet Chatterjee Organizations: REUTERS, Rights, China Evergrande, HK, Reuters, Boeing, Gulfstream, Wall Street Journal, Thomson Locations: China, Hong Kong, Sydney, London, Lincoln

☆ Supreme Court ethics concerns aren't going away
▼ + stars: | 2023-09-27 | by ( Andrew Chung | ) www.reuters.com time to read: +5 min

The ethics concerns are not going away, according to legal experts, even as the court in its new term takes up cases that could further expand gun rights and curtail the regulatory authority of federal agencies. Some conservatives view the ethics narrative involving the court as cooked up by liberals upset at its rightward leanings. Supreme Court justices decide for themselves whether to disqualify themselves from cases due to a conflict of interest. Thomas, Alito and lawyers involved in the two cases did not respond to requests for comment. The lack of an ethics code, Fogel added, "will continue to fuel doubts, fairly or unfairly, about the court's integrity."

Persons: Clarence Thomas, Samuel Alito, Jeremy Fogel, drumbeat, John Malcolm, Malcolm, Thomas, Harlan Crow, ProPublica, Koch, Alito, Paul Singer, Singer's, Neil Gorsuch, Sonia Sotomayor, Geoffrey Stone, Fogel, Andrew Chung, John Kruzel, Will Dunham 私たち Organizations: U.S, Supreme, hobnobbing, Judicial, University of California, Berkeley School of Law, Reuters, Heritage Foundation, Singer, Singer's Elliott Investment Management, Windstream, University of Chicago Law Locations: U.S, Texas, Alaska, Chicago, New York, Washington

☆ The Selling of the AR-15, America’s Most Controversial Gun
▼ + stars: | 2023-09-22 | by ( Cameron Mcwhirter | Zusha Elinson | ) www.wsj.com time to read: 1 min

In December 2005, five groups of Wall Street investors flew in private jets to Portland, Maine, where they took waiting limousines to a warren of metal buildings that resembled a midsize lumberyard. They had come to Bushmaster Firearms in pursuit of a highly profitable product whose market was growing faster than any other in America’s stagnant gun industry. The product was the AR-15, and red-hot Bushmaster, the nation’s leading manufacturer of the rifle, had decided to auction itself to the highest bidder.

Organizations: Wall Street, Bushmaster Firearms Locations: Portland , Maine

☆ ProPublica: Clarence Thomas attended Koch network donor events
▼ + stars: | 2023-09-22 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +4 min

Washington CNN —Justice Clarence Thomas attended a private dinner in 2018 during a winter donor summit of the Koch network, the political organization founded by libertarian billionaires Charles and David Koch, ProPublica reported Friday. Thomas attended Koch donor events at least twice over the years, according to interviews with three former Koch network employees and one major donor conducted by ProPublica. Thomas arrived for the 2018 dinner on a Gulfstream G200 jet, although a Koch network spokesperson told the outlet that the network did not pay for the private jet and it was not disclosed on his financial disclosure forms for that year. A spokesperson for the Koch network told ProPublica that Thomas wasn’t present for fundraising conversations. CNN has reached out to the Supreme Court for comment.

Persons: Clarence Thomas, Koch, Charles, David Koch, ProPublica, Thomas, ”, Thomas ’, Thomas wasn’t, ” Thomas, Loper, Raimondo, Critics, Clarence Thomas ’, Charles Koch, Harlan Crow, Lisa Graves, Crow Organizations: Washington CNN —, Koch, ProPublica, Gulfstream G200, CNN, Loper Bright Enterprises, Inc, Conservatives, Chevron, Natural Resources Defense, True, Research, GOP Locations: Congress, Washington

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, which are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

FTX loaned $28 million to a private jet company to finance its purchase of two jets, a court filing says. One of them has been in government custody since February, while the FTX Debtors claimed ownership of the planes in August. AdvertisementAdvertisementThursday's court filing says IAC received the loan after a "handshake deal" between Aranha and Bankman-Fried. It wasn't until August 7 that the FTX Debtors claimed ownership of the planes, the filing says. This is not the first time FTX Debtors have tried to get back assets.

Persons: FTX, SBF's, Sam Bankman, Fried's FTX, Paul Aranha, Fried, Aranha, Shaquille O'Neal, Stephen Curry, Naomi Osaka Organizations: Service, Bahamian, Court, Bombardier Global, Embraer, Island Air, IAC, Trans Island Airways, FTX Ventures, Trans, Airways, TIA, Bombardier, Global, US Marshals Service, Bradley International Locations: Wall, Silicon, Delaware, Connecticut

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, and are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

☆ Around-the-World Itineraries on Private Jets for $120,000: Photos
▼ + stars: | 2023-09-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

TCS World Travel operates global group travels by private jet. Its recently unveiled 2024 and 2025 itineraries start at 16 days for $120,000. Travelers will get to fly on a 52-guest custom Airbus A321 with lie-flat seats and large bathrooms. Interest has been so high, luxury cruise lines like Regent Seven Seas and Oceania have seen strong or "record-breaking" booking success. But for wealthy travelers who're interested in traveling around the world but don't want to spend over 100 days at sea, there's another option: go by jet.

Persons: who're Organizations: Travel, Travelers, Service, Seven Locations: Wall, Silicon, Seven Seas, Oceania

☆ Sam Bankman-Fried’s Parents Sued by FTX
▼ + stars: | 2023-09-19 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

A spokeswoman for Mr. Bankman and Ms. Fried did not immediately respond to a request for comment. FTX filed for bankruptcy protection in November, after a run on deposits exposed an $8 billion hole in the exchange’s accounts. He has pleaded not guilty, and is scheduled to go on trial on Oct. 3FTX’s collapse fueled scrutiny of Mr. Bankman and Ms. Fried. According to the lawsuit, Mr. Bankman helped arrange hundreds of millions of dollars in loans to top employees and was listed on an internal document as a member of the firm’s management team. In messages cited in the lawsuit, Mr. Bankman complained that he was receiving a salary of only $200,000 a year, as opposed to the $1 million he thought he would get.

Persons: Bankman, Fried, FTX, “ Gee, Sam I, ”, Larry David Locations: Manhattan

☆ Frugal but fun: 'Simpsons' and podcast star Yeardley Smith on wealth
▼ + stars: | 2023-09-14 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

[1/2] Actor Yeardley Smith arrives at the Human Rights Campaign (HRC) dinner in Los Angeles, California, U.S., March 30, 2019. Smith has a fascinating sideline: co-host of the true-crime podcast "Small Town Dicks" which is about to launch its 13th season on Sept. 22. A: We were not well off, but my mother was really good with money. Like I have a friend whose son is really good at computers, and she was paying for him to take extra classes. I invest in things I love, things that move me, things that I believe will make the world a better place.

Persons: Yeardley Smith, Kyle Grillot, Lisa Simpson, Smith, Tom Stoppard, Jeremy Irons, Glenn Close, Christine Baranski, Cynthia Nixon, Yeardley, Lauren Young, Richard Chang Organizations: Human Rights, REUTERS, Apple, Reuters, Broadway, Saks, Thomson Locations: Los Angeles , California, U.S, New York City, Italy, Florence

☆ DeSantis took previously undisclosed private flights as governor, and may have only had to pay the price of a coach ticket thanks to ethics rules
▼ + stars: | 2023-09-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Ron DeSantis reportedly took multiple trips on private jets that were not previously disclosed. According to The Washington Post, one of DeSantis' trips involved a jaunt to Augusta National Golf Club. "DeSantis took at least six undisclosed trips on private jets and accepted lodging and dining in late 2018," according to The Post. According to The Post, DeSantis' trip was on a plane owned by Mori Hosseini, a home builder. The law covers past travel records, making the type of reporting The Post and The Orlando Sentinel have done more difficult.

Persons: Ron DeSantis, DeSantis, Mori Hosseini, it's, Andrew Romeo, Romeo Organizations: The Washington Post, Augusta National Golf, Service, Washington Post, Augusta National Golf Club, The, GOP, The Orlando Sentinel, Post Locations: Wall, Silicon, Florida

☆ Private Jets and Pop-Up Workspaces: Boeing Eases Return to Office for Top Brass
▼ + stars: | 2023-09-11 | by ( Andrew Tangel | Mark Maremont | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/airlines/boeing-ceo-private-jets-return-to-office-9bee2035

Persons: Dow Jones Organizations: boeing

☆ Boeing's CEO is commuting to the office by private jet, and some employees who have returned to the office are mocking him, report says
▼ + stars: | 2023-09-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Boeing is trying to get employees back to the office with happy hours and alpaca visits, the WSJ reports. CEO David Calhoun has taken over 400 private jet trips from his homes and is rarely seen in the office. David Calhoun took over as Boeing CEO shortly before the pandemic, when like most office workers, he started working from home. Is he like at Lake Sunapee or something in New Hampshire?" The Journal reports that several Boeing employees then began displaying "Lake Sunapee" signs in their offices, and others had souvenir mugs like one that read: "Love Lake Life."

Persons: David Calhoun, alpacas —, Brian West, hasn't, Donald Trump's, Jim Cramer, What's, Cramer, we're Organizations: Boeing, Service, Street Journal, CNBC Locations: Wall, Silicon, Chicago, Virginia, New, South Carolina, Connecticut, New Hampshire

☆ 18 months after Putin invaded Ukraine, Russia's sanctioned oligarchs are still rich and even less likely to stand up to him
▼ + stars: | 2023-09-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +10 min

Russia's oligarchs are even less likely to turn on Vladimir Putin 18 months after the invasion. In the 18 months since Russia invaded Ukraine, the lives of Russian oligarchs such as Melnichenko have changed immeasurably in the face of Western sanctions. Sanctions were unleashed on Russia's billionaires as part of a wider set of economic restrictions that some hoped would inspire a revolt within the country. Russia's oligarchs have Putin to thank for their ongoing success. Revolt is possible but unlikelyIt now appears Russia's oligarchs have adapted to a new status quo where they lack political influence but still have a reliable stream of cash.

Persons: Vladimir Putin, Andrey Melnichenko, Putin, Mikhail Svetlov, Melnichenko, Forbes, hasn't, Putin —, Roman Abramovich, Alisher, Alisher Usmanov, Alexei Druzhinin, Ivan Fomin, Fomin, That's, Peter Rutland, Vladimir Potanin, Potanin, Rosbank, they've, there'd, Rutland, they're, Abramovich, Michael Regan Abramovich, He's, We'll, Arkady Volozh, Yevgeny Prigozhin, Putin oligarch, Wagner Organizations: Putin, Service, Financial Times, United Arab, Russia's, Soviet Union, Union, Kremlin, Center for, Center for Strategic, International Studies, Forbes, Wesleyan University, Bloomberg, New York Times, London, Chelsea FC, Getty, Guardian, Street, EU Locations: Wall, Silicon, Dubai, United Arab Emirates, Russia, Ukraine, Soviet, EU, Russian, Rutland, France, Thailand, Turkey

☆ Activists spray red paint over billionaire Walmart heiress’s superyacht for a second time
▼ + stars: | 2023-09-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —Spanish climate activists sprayed red paint across a superyacht owned by billionaire Walmart heiress Nancy Walton Laurie in Barcelona on Friday, the second time the yacht has been the target of protests in the past two months. Two activists from the climate groups Scientist Rebellion and Extinction Rebellion accessed Marina Port Vell, a dock for superyachts, at 7 a.m. local time on Friday, according to a spokesperson for the organization. The Walmart heiress Nancy Walton's megayacht was spray painted this morning by climate activists in Marina Port Vell, Barcelona . Scientist RebellionA spokesperson for Marina Port Vell said that the boat had not been damaged in Friday’s action. The activists were detained by police at the marina for three hours before being released, according to a spokesperson for Scientist Rebellion.

Persons: Nancy Walton Laurie, Nancy Walton's megayacht, Port Vell, Samantha Burgess Organizations: CNN, Scientist Rebellion, Port Police Locations: Spanish, Barcelona, Marina Port Vell, superyachts, Ibiza

☆ Opinion: Be careful when you laugh at Burning Man
▼ + stars: | 2023-09-06 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +9 min

Many of us (myself included) raise an eyebrow at Burning Man. Burning Man would feel much less annoying if the festival just said, yeah, we’re a bunch of idiots who want to party in Mad Max costumes. The Burning Man organizers wrote in a statement: “Burning Man is a community of people who are prepared to support one another. One hopes that events like the flooding at Burning Man will be galvanizing, both for those who experienced it and those who watched in horror from afar. It’s easy to sniff at Burning Man, which seems at once so self-important and so very insubstantial.

Persons: Jill Filipovic, ” Jill Filipovic, Max, Jerry Allen, “, ” Organizations: Twitter, CNN, Labor, San Francisco, Survivor, Facebook Locations: New York, Nevada, California, Utah, Pershing County , Nevada, Reno, playa, ”

☆ Burning Man costs most people a minimum of $800 for just a ticket and a parking spot. All the other expenses can easily push the total cost into the thousands.
▼ + stars: | 2023-09-05 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +6 min

Burning Man may be "decommodified" but it's still pretty expensive to attend. AdvertisementAdvertisementTickets alone aren't cheapMost tickets sold directly from Burning Man cost $575 each this year, according to the event's website. Transportation and lodging can easily cost thousandsLots of Burning Man attendees opt for an RV — which can be costly to rent. Aly Weisman/Business InsiderOne website advertising yurts for Burning Man lists structures ranging in price from $3,000 to $11,500. A Burning Man attendee and their costume in front of dozens of bikes on the playa.

Persons: Here's, There's, they're, Matt Mills McKnight, you've, there's, Aly Weisman, It's, — Organizations: Service, Black, Entertainment, Transportation, Black Rock City, Burning, Rock City Locations: Transportation, Wall, Silicon, Reno, Black Rock City, Black Rock, yurts

☆ Feel-good war on short flights misses the mark
▼ + stars: | 2023-09-04 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

REUTERS/Bryan Woolston Acquire Licensing RightsBRUSSELS, Sept 4 (Reuters Breakingviews) - Short flights within Europe are frequent flyers on wish lists of things to ban. But not all short flights are alike, and banning commercial hops makes less sense than targeting private jets. Limiting private jet travel would make a bigger difference, with fewer broad-based disruptions. Reuters GraphicsFollow @rebeccawire on XCONTEXT NEWSCountries such as France, Spain, Belgium and Germany have enacted or are considering measures to reduce or ban short flights. More than half of 2022 private jet travel was for distances of less than 750 km.

Persons: Bryan Woolston, Marjan, Davy, Stephen Furlong, George Hay, Oliver Taslic Organizations: Airbus, LaGuardia, REUTERS, Bryan Woolston Acquire, Rights, Reuters, Greenpeace, International Energy Agency, KLM, Institute for Policy Studies, Air, Brussels Airlines, European Commission . Aviation, Thomson Locations: New York City , New York, U.S, Rights BRUSSELS, Europe, Germany, Spain, France, Africa, Belgium

☆ Take a look at the $10 million Embraer Phenom 300, which just became the new most popular private jet in the US
▼ + stars: | 2023-09-04 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

The Embraer Phenom 300 has surpassed the Cessna Citation Excel as the US' most popular private jet. AdvertisementAdvertisementThe Cessna Citation Excel family (top) has been the US' most-flown private jet for the past 15 years. jremes84/Shutterstock, NetJetsThe Cessna Citation Latitude, the Cessna Citation V, and the Cessna Citation CJ3 business aircraft were also in the FAA's monthly report as the third, sixth, and ninth most-flown private planes, respectively. And, it costs about $3 million less than $13 million Cessna Citation XLS+, which is the latest version of the Excel. He also explained that Embraer's "long airliner heritage" (the company also builds commercial planes) gives the Phenom 300 a "perception of being purpose-built for high utilization."

Persons: Embraer Executive Jets Michael Amalfitano, Brian Foley Organizations: Embraer, Cessna, Excel, Textron, Federal Aviation, Embraer Phenom, Embraer Executive Jets, LinkedIn, Private, Bloomberg Locations: Brazilian, America

☆ When John Roberts wants things done, he acts. What that means for ethics rules
▼ + stars: | 2023-09-01 | by ( Joan Biskupic | ) edition.cnn.com time to read: +6 min

Before he became a US appeals court judge in 2003 and a Supreme Court justice in 2005, he was a star appellate advocate at the high court. There may also be limits to the personal capital Roberts wants to put toward a dilemma that lies beyond the consideration of cases. Unlike with judicial pay, which naturally generated support among black-robed colleagues, the ethics issue has defied consensus in Roberts’ ranks. No provision in the Constitution gives them the authority to regulate the Supreme Court – period.”Last month in Portland, Oregon, Kagan also referred to internal differences. “It’s not a secret for me to say that we have been discussing it,” she said, referring to a formal set of ethics rules.

Persons: CNN —, John Roberts, Roberts, George W, Bush, ” Roberts, Clarence Thomas, Harlan Crow, Thomas, Crow, Thomas ’, Samuel Alito, “, Brett Kavanaugh, Elena Kagan, ”, Roberts ’, Alito, Kagan, It’s Organizations: CNN, White House, ”, Dallas, Democratic, Senate, Republicans Locations: United States, Texas, Adirondacks, Savannah , Georgia, America, Washington , DC, Portland , Oregon

☆ Burning Man is underway. Here are the famous CEOs and billionaires who have attended tech bros' favorite party, from Elon Musk to Ray Dalio.
▼ + stars: | 2023-09-01 | by ( Becky Peterson | Jordan Hart | Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Burning Man is a desert-based arts festival that's become the playground of business elites. Morning Brew Insider recommends waking up with, a daily newsletter. Loading Something is loading. AdvertisementAdvertisementSome of the most influential — and richest — people in business are likely among the tens of thousands of people descending upon Black Rock City, Nevada, at this very moment to attend Burning Man. Every year, big-name tech bros and well-heeled execs join the festival — trading their hoodies for light-up bodysuits and Allbirds for sky-high boots.

Persons: that's, It's, execs Organizations: Morning Locations: Rock City , Nevada

☆ 'Where ambition goes to die': These tech workers flocked to Austin during the pandemic. Now they're desperate to get out.
▼ + stars: | 2023-08-31 | by ( Ben Bergman | Jordan Pandy | ) www.businessinsider.com time to read: +11 min

Many tech workers in California moved to Austin during the pandemic in search of a new lifestyle. Some tech workers say they regret moving there, given its middling tech scene and "fake" atmosphere. They cited several contributing factors, including extreme temperatures, traffic, overcrowding, and — perhaps most surprising — a middling tech scene that fails to live up to the hype. From Silicon Valley to the Silicon HillsNot long ago, Austin's tech scene was ascendant, with national headlines suggesting it could take on Silicon Valley. He acknowledged there's not much of a tech scene there but will take that over what he perceived as Austin's smoke and mirrors.

Persons: Austin, Mike Chang, Chang, Tesla, Danielle Fountain, Fountain, Elon Musk, Jim Breyer, Joe Lonsdale, Bill Gurley, Musk, Gurley, Emily Chang, John Andrew Entwistle, who's, John Andrew Entwistle Entwistle, Entwistle, oversold, Nicholas Falldine, there's, Nick Thomas, Austin doesn't, Thomas, he's, Sam Parr, I'm, Sheharyar, Redfin, Bokhari, It's, frolic Organizations: Oracle, Facebook, Google, Apple, Breyer Capital, Austin Chamber, Austin, Lone Star, US Postal Service Locations: California, Austin, Los Angeles, Bay, Silicon, Silicon Valley, Austin's, Palo Alto, Westchester County , New York, Fayetteville , Arkansas, Austin , Texas, San Francisco

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