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For some, plans for where to fly, drive and stay to hopefully catch a glimpse of the last total solar eclipse in the contiguous United States until 2044 have been in place for months or even years. The total solar eclipse’s path of totality — where the moon completely blocks the face of the sun — stretches across portions of 13 US states as well as parts of Canada and Mexico. A view from a plane during an eclipse flight from the Russian city of Murmansk to observe a solar eclipse on March 20, 2015, above the Norwegian Sea. Airbnb reports a 1000% surge in searches for stays along the entire path of totality over the solar eclipse weekend for check-ins on April 7, 2024. Austin and the surrounding Hill Country area and Indianapolis are among the most booked destinations across all of North America on Airbnb for the solar eclipse weekend, Thorn said.
Persons: Mark Littmann, ” “, ” Littmann, , ” Judette Louis of, TikTok ”, Louis, , there’s, Littmann, “ You’ve, Steven Robicsek, Steven Robicsek Steven Robicsek, Robicsek, “ It’s, haven’t, Robyn Beck, Katy Nastro, ” Nastro, Sergei Karpukhin, Ben Kaufman, JSX, ” Kaufman, St . Louis, Jeff Roberson, Haven, Thorn, Madison Graça, Graça, ” Graça Organizations: CNN, North, Eclipse, Getty, Houston, Austin, Little, Evansville, Chicago, Indianapolis, Dallas Love Field Airport, Flight Museum, AP, Airbnb, Diego, Madison Locations: United States, Canada, Mexico, ” Judette Louis of Tampa , Florida, Cleveland , Ohio, Tampa, Cleveland, Sandy Run , South Carolina, Gainesville , Florida, Waco , Texas, Florida, La Pine , Oregon, AFP, Dallas, Memphis, Nashville, Russian, Murmansk, Norwegian, Kerrville , Texas, San Antonio, Austin, St ., Richardson , Texas, Springs , Arkansas, Bloomington , Indiana, Indianapolis, North America, Texas, San Diego, Hico , Texas, Oregon
The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.
Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired
SVB fallout: Here's how NYC toy store Camp reacted
  + stars: | 2023-03-13 | by ( )   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB fallout: Here's how NYC toy store Camp reactedBen Kaufman, Camp co-founder, joins 'Squawk Box' to discuss his concern about making employee payroll, why the company used Silicon Valley Bank first, and more.
CNN —For much of the weekend, Silicon Valley scrambled to find a way through what one prominent tech investor described as an “extinction-level event for startups” after the collapse of a top lender in the industry. “You can feel the collective *sigh*,” Ryan Hoover, a tech founder and investor wrote on Twitter Sunday. SVB’s collapse also risks changing how the world, and prospective recruits, think of Silicon Valley. The bank worked with nearly half of all venture-backed tech and healthcare companies in the United States. President Joe Biden emphasized in remarks Monday that “no losses will be borne by the taxpayers” related to the government’s intervention for Silicon Valley Bank.
Silicon Valley Bank's collapse has left hundreds of startups facing a cash crunch and payroll crisis. It leaves hundreds of startups that deposited their cash with the bank in turmoil, as they try to continue operating while millions in funds are locked up. Startups scramble for cashThe need for startups to make payroll is one being echoed across the VC ecosystem. In a tweet, founder Nikita Bier said: "The number of growth stage companies that had their cash at SVB is huge. Even startups that didn't bank directly with SVB have been hit by its collapse.
Companies tied up in Silicon Valley Bank's orbit are feeling the sting of the bank's collapse. Camp, a venture-backed, interactive toy store with locations in New York, New Jersey, and California, is one such example. In an email to customers, CEO Ben Kaufman wrote they are "hopeful this will be resolved soon." Silicon Valley Bank officially shut down on Friday, with financial regulators taking control of its deposits. "If these startups wait weeks/months for their deposits, we have destroyed a generation of US startups, *at random.
New York CNN —A toy company based in New York has gotten caught up in the collapse of Silicon Valley Bank and is pleading with customers for help keeping it afloat. He urged customers to use the code “BANKRUN” to save 40% off all merchandise, in an apparent nod to the run on the bank that may have helped bring down the Silicon Valley lender. Kaufman said the company was “hopeful that this will be resolved soon.”CNN has not confirmed if Camp had funds with Silicon Valley Bank when the bank collapsed. Silicon Valley Bank was put under control of the US Federal Deposit Insurance Corporation on Friday, capping off a stunning 48 hour period during which fears of a liquidity crisis at the firm prompted some startups to weigh withdrawing funds. The rapidly unfolding fallout at Silicon Valley Bank comes at a challenging moment for startup and tech industries.
The Supreme Court on Tuesday will hear oral arguments over President Joe Biden's student loan forgiveness plan, starting a decision-making process that will affect the balance sheets of tens of millions of Americans. Long before the president acted, Republicans had criticized loan forgiveness as a handout to well-off college graduates. They also argued that the president didn't have the power to forgive consumer debt on his own without authorization from Congress. Dozens of Republican members of Congress have also filed briefs with the U.S. Supreme Court, arguing that the Biden administration's student loan forgiveness plan should be ruled unlawful. "Borrowers deserve better than to be treated like political pawns — lives and livelihoods are at stake."
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