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☆ Elon Musk is lashing out at MacKenzie Scott, Jeff Bezos' ex, for donating billions to charities for women and minorities
▼ + stars: | 2024-03-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

"'Super rich ex-wives who hate their former spouse' should be listed among 'Reasons that Western Civilization died,'" Musk wrote in an X post referencing Jeff Bezos' ex-wife. Shame on anyone who uses it," Musk wrote on X in January. Unfortunately, a lot of others are getting caught in the crossfire," Musk wrote in an X post at the time. "The hard part is figuring out how to do it in a levered way," Bezos told CNN. In 2021, Musk donated $5.7 billion in Tesla shares to the Musk Foundation, a charity he started with his brother, Kimbal, in 2002.

Persons: —, Elon, MacKenzie, Jeff Bezos, Musk, who'd, Scott, ”, ” — Elon, she's, ahem, Bezos, she'd, Ruth Simmons, Simmons, he's, Kimbal, St Organizations: Service, Business, Republican, Democratic Party, M University, Associated Press, CNN, Musk Foundation, St Jude Children's Research, Bloomberg, Musk, Business Insider Locations: Prairie

☆ Inside Goldman Sachs' exclusive training program for HBCU students that can result in $1 million in prize money and a prestigious job
▼ + stars: | 2023-11-08 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Goldman Sachs has done this program each year since. How does the program work? All finalist teams on stage at the 2023 competition at Goldman Sachs' headquarters. "Something that we look for in all candidates at Goldman Sachs: What is your innovative and creative spirit?" Megan Hogan of Goldman Sachs courtesy of Goldman SachsWhat's the formula for success once accepted?

Persons: Taylor Weekes, That's, Weekes, Goldman Sachs, Goldman, —, who's, Zachariah Smith, Megan Hogan, David Solomon, Proctor, Hogan, you've, Smith, hadn't, " Smith, they've, it's Organizations: Howard University, Morehouse College, Alcorn State University Delaware State University Fisk University Florida A, M University Hampton University Howard University Morehouse College Morgan State University North Carolina, T, Prairie View, M University Spelman College Texas Southern University, Goldman, Gamble, L'Oreal, Pepsi, Wall Street, Wall, Black Locations: York, we're

☆ The Making of an Ivy League President: Two Women’s Stories
▼ + stars: | 2023-08-22 | by ( Martha Southgate | ) www.nytimes.com time to read: +3 min

One Black, one white. In 1995, Ruth J. Simmons, the elder of the two, became the first Black president of Smith, one of the largest of the Seven Sisters colleges. But that wasn’t her last first; in 2001, she left Smith to take the helm at Brown University, making history again by virtue of both her race and her gender — the first Black woman to lead an Ivy League institution, which she did until 2012. In 2007, Drew Gilpin Faust was named the first woman president of Harvard University, a post she held until 2018. As the youngest of 12 children, she had a comparatively easier time because she was the baby of the family.

Persons: Drew Gilpin, Ruth J, Simmons, —, Smith, Drew Gilpin Faust, She’s, ”, Read, “, ” Simmons Organizations: Seven, Brown University, Ivy League, M University, Harvard University, American Locations: Texas, East Texas

☆ Treasury yields fall as investors digest latest inflation data
▼ + stars: | 2023-02-15 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields declined on Wednesday as investors digested January's consumer price index report and looked ahead to further economic data and remarks from Federal Reserve speakers slated for the week. On Tuesday, the latest reading of the consumer price index, which tracks price changes for a range of goods and services, came in higher than expected and showed that inflation rose by 0.5% in January. Speaking at the New York Bank Association after the release of the CPI report, New York Fed President John Williams suggested that the Fed's battle with inflation was not yet over. The Fed has been hiking interest rates in an effort to cool the economy and ease inflation. On Wednesday, investors will be following the release of retail sales figures and awaiting the release of the producer price index report, as well as fresh comments from Fed officials on Thursday.

☆ Fed must be ready to hike rates for longer than now expected, Logan says
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +3 min

The Fed last year lifted interest rates further and faster than any time since the 1980s to fight inflation that, by the central bank's preferred measure, has run for two years at about triple its 2% target. Key to that, Logan said on Tuesday, will be substantial further slowing in wage growth and better "balance" in what is now an "incredibly strong" labor market. Logan also said she will need to see "convincing" signs that inflation is dropping sustainably and in a timely manner toward the 2% target. There are also risks, she said, of going too far and weakening the labor market more than necessary in pursuit of slowing inflation. "My own view is that, given the risks, we shouldn't lock in on a peak interest rate or a precise path of rates," she said.

☆ Small-town nursing homes closing amid staffing crunch
▼ + stars: | 2023-01-22 | by ( Tony Leys | Kaiser Health News | ) www.nbcnews.com time to read: +10 min

In Iowa, 13 of the 15 nursing homes that closed in 2022 were in rural areas, according to the Iowa Health Care Association. “We’ve had more nursing homes go bankrupt in the last year than in the last 10 years combined,” she said. Nationally, the Centers for Medicare & Medicaid Services reported recently that 129 nursing homes had closed in 2022. In Iowa, Medicaid pays nursing homes about $215 per day per resident, according to the Iowa Health Care Association. Willett said a recent survey found that 72% of Iowa’s remaining nursing homes were freezing or limiting admissions below their capacity.

The investigation Abbott wants would be on top of an ongoing audit of the county’s election system, begun before Election Day. Texas Democratic Party leaders and the Harris County Democratic Party chair issued criticized Ogg’s planned investigation, calling on her to “stop enabling Texas Republicans' insidious efforts to silence Black and Brown Houstonians. “In 2021, Texas Republicans moved mountains to make it harder for Black and Brown residents of Harris County to vote. It has not gone unnoticed that Democrat-voting Harris County is the target of the state's urgent response. The law Abbott signed last year banned those Harris County initiatives.

At homecomings this year, universities are increasing fees such as those charged vendors to fight off inflation and recoup some losses from the pandemic. Colleges and universities are not alone in feeling the economic impacts of post-pandemic homecomings. North Carolina Central University increased its rates by $50 this year compared to 2021, to $500 for food vendors and $400 for general merchandise sellers, because of rising inflation, according to documents. He sold out of more than 300 shirts on his first day of Hampton University's homecoming bazaar, pulling in more than $7,500 in sales. Now, he is gearing up for Grambling University's homecoming in Louisiana.

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