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☆ What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
  + stars: | 2024-07-09 | by ( Rob Copeland | ) www.nytimes.com   time to read: +1 min
For close to a century, putting your savings into a federally insured bank has been a sure thing: If the institution fails, up to $250,000 of your money will be protected. The promise of bank insurance — a tenet of U.S. consumer protection since the Great Depression — is now being tested by a crisis swirling around online-only lenders with hundreds of millions of dollars of deposits between them. Most depositors have little clue where their money has gone, and whether they will get any of it back. It operated banking software for fast-growing online lenders with names like Juno, Yieldstreet and Yotta. Their slick websites advertise insurance from the Federal Deposit Insurance Corporation, the U.S. agency that pledges to pay back lost funds.
Persons: you’ve Organizations: Synapse Technology, Federal Deposit Insurance Corporation, U.S . Locations: U.S
☆ Andreessen Horowitz-backed startup takes on mass producing spacecraft
  + stars: | 2022-10-24 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +1 min
Los Angeles-based Apex Space, led by co-founders Ian Cinnamon and Max Benassi, wants to better produce spacecraft at scale. "The one element holding everything back is really on the satellite bus side. They enter an increasingly competitive space subsector of satellite bus manufacturing, with the likes of York Space, which recently reached a $1 billion valuation. But Cinnamon says the market standard is still "handmade" spacecraft that take years to evolve from order to design to delivery. "We're not designing a new satellite bus every single time.
☆ How to get into Stanford Graduate School of Business, according to the assistant dean of admissions
  + stars: | 2020-12-07 | by ( Robin Madell | ) www.businessinsider.com   time to read: +11 min
A 2019 ranking of business-school admission rates showed Stanford Graduate School of Business (GSB) at the top of the list of most selective schools. Education specialists Quacquarelli Symonds recently released its 2021 Global MBA Ranking, and Stanford ranked as the best business school in the world. To that end, Insider asked six Stanford business school grads, as well as the assistant dean of MBA admissions and financial aid, for their insights on how to get noticed and tapped by Stanford GBS's extremely selective admissions committee. His top advice for Stanford business school applicants is to not be an imitation of a type. Other Stanford business school alumni validated this advice.
☆ One of the most popular courses among Stanford MBA students is informally named 'Touchy Feely' — here's why
  + stars: | 2020-09-23 | by ( Robin Madell | ) www.businessinsider.com   time to read: +11 min
The popular course "Interpersonal Dynamics" was nicknamed "Touchy Feely" by professors and students. Stanford GSB shared with Business Insider that 95% of Stanford GSB students take this beloved course, even though it's not required. Courtesy of Ian CinnamonCinnamon added that now, whenever he's in any difficult situation, it's become "instinct" to think back to what he learned from the "Touchy Feely" course. "'Touchy Feely' has been influential in much of our work at Impact Experience," she said. "'Touchy Feely' and the courses in leadership that build from its approach … helped me develop the tools I now employ on a daily basis."
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