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☆ Robinhood's cofounder has joined the rapidly growing commercial space race, and wants to beam solar power from satellites to earth
▼ + stars: | 2024-10-21 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

Aetherflux aims to launch a constellation of satellites to transmit solar power to Earth using infrared lasers. Bhatt told BI why he's joining the commercial space race and what Robinhood taught him about capitalism. AdvertisementAetherflux aims to create a constellation of satellites in low Earth orbit (LEO) that will collect solar power and beam it down to receptors on Earth using infrared lasers. Caltech's president, Thomas F. Rosenbaum, said the project had shown them that solar power beamed from space "is still a future prospect" but that it "should be an achievable future." The science has already been demonstrated; it's just going to be an engineering and economic feat to prove it can be done from space, Bhatt said.

Persons: Baiju Bhatt, Bhatt, Robinhood, —, Vlad Tenev, Elon, Baiju Bhatt Bhatt, Thomas F, Rosenbaum, it's, he'd, you'll, Spencer Platt, Matthew Weinzierl, Weinzierl, Einstein, Aetherflux Organizations: he's, Service, California Institute of Technology, NASA, Langley Research Center, Stanford, DARPA, Investment, Space Angels, McKinsey, Harvard Business School, SpaceX, Getty, Apex, Forbes Locations: India, Anadolu, Bay

☆ DirecTV is on the warpath against Disney in a battle it says is existential for cable TV
▼ + stars: | 2024-08-27 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

They really just want to disintermediate all of pay TV and drive everyone to themselves. Fresh off a vicarious victory over Disney, Thun is still looking for revenge. For DirecTV, it's skinny bundles or bustDirecTV believes these strict bundling requirements are to blame for putting pay TV on life support. Disney is "completely responsible" for the fall of pay TV, Pachter said, "because they think the only direction that retransmission fees should go is up." Without skinny bundles, pay TV is 'going to die'If skinnier bundles can't solve pay TV's woes, it's unclear what could.

Persons: —, Venu Sports, Venu, Rob Thun, Thun, Venu didn't, DirecTV's, Geo, They've, Venu wouldn't, Margaret Garnett, I'm, Michael Pachter, he'd, Pachter, Brian Wieser, Puck's John Ourand, Rich Greenfield, Greenfield, — we're, Wieser Organizations: Service, Disney, Fox, Warner Bros ., DirecTV, Business, ESPN, balk, YouTube, Wedbush Securities, Madison, Cable, Paramount, LightShed Partners, Charter Locations: Thun, Wall

☆ The TikTok bill is 'new censorship power for the government', says The Right Stuff's John McEntee
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe TikTok bill is 'new censorship power for the government', says The Right Stuff's John McEnteeJohn McEntee, The Right Stuff co-founder and former director of The White House Presidential Personnel Office during the Trump administration, joins 'Squawk Box' to discuss the TikTok bill, whether he thinks the social media app should be forced to divest and be banned in the U.S., state of the 2024 election, and more.

Persons: John McEntee John McEntee, Trump Organizations: White Locations: U.S

☆ Move over, millennials: Gen Zers are coming for boomers' houses
▼ + stars: | 2024-01-17 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

After all their economic misfortune, they'll still face a turbulent housing market and potentially tens of thousands of dollars' worth of necessary updates to boomers' aging houses. In his 2022 paper, "Who will buy the baby boomers' homes when they leave them? ", Engelhardt argued that mass aging would send ripples through the housing market but fail to push down prices significantly. After that point, demand for home purchases will once again outpace supply as millennials buy more homes and younger generations, like Gen Z and Gen Alpha, file in behind them. The timing of boomers' exit will mostly benefit younger generations, like Gen Z and Gen Alpha, who should find themselves on steadier footing than their predecessors.

Persons: Xers, they've, Zers, they'll, Odeta Kushi, Kushi, Gary Engelhardt, Engelhardt, Issi Romem, Meredith Whitney, Boomers, Gen Zers —, Gen, who've, millennials, boomers, Jessica Lautz, Nicole Bachaud, They've, Redfin, Alpha, they're, Lautz, savvier, Zoomers, James Rodriguez Organizations: millennials, Syracuse University, Boomers, Federal Reserve, Alpha, National Association of Realtors Locations: granny, New York, Los Angeles, Chicago, Dallas

☆ The ex-Navy SEAL who says he killed Osama bin Laden was arrested on charges of assault
▼ + stars: | 2023-08-28 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

O'Neill previously had a run-in with the law for a DUI charge that was later dropped. O'Neill gained public notoriety in 2014 after he claimed to have fired the shot that killed bin Laden, the notorious Al Qaeda leader. AdvertisementAdvertisementOne source disputed O'Neill's story to Reuters and said another team member entered the room bin Laden was in before O'Neill. During the height of the COVID-19 pandemic in 2020, O'Neill claimed he was banned from Delta Air Lines because he refused to wear a mask during a flight. AdvertisementAdvertisementIn 2016, Montana prosecutors dropped a DUI charge against O'Neill.

Persons: Robert O, Neill, Al, O'Neill, Osama, Laden, Robert O'Neill, bin Laden, stuff's Organizations: Service, Navy, Dallas Morning News, Frisco Police Department, Delta Air Lines, US Navy, Navy Digital Ambassador, The Montana Locations: Al Qaeda, Wall, Silicon, Frisco , Texas, Collin, Montana

☆ A New York woman lost all her belongings to a moving company scam. She got a $10,000 settlement, but is living with her parents and scraping together 5 part-time jobs to make ends meet.
▼ + stars: | 2023-04-19 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

The 45-year-old lactation consultant won about $10,000 by suing the moving company. There weren't a lot of options available when it came to moving companies, but she eventually found Gold Standard Relocation. Everything seemed normal on Wagner's moving day — until the movers didn't show up and the company wouldn't answer the phone. She'd already paid the moving company about $4,300 to transport and store more than 70 boxes of her things and many furniture pieces for six months. Fraudulent moving companies will often offer customers a low estimate and deposit price, and then demand additional exorbitant fees after taking their belongings hostage.

☆ Our family is living on a four-bedroom boat while cruising the eastern seaboard for a year. It's not like the 'fabulous lifestyles of the rich and famous' that might come to mind.
▼ + stars: | 2023-04-16 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Cinda: We're doing what's called the Great American Loop, which is a way to circumnavigate around the eastern seaboard of the US and Canada. A 6,000-mile journey around the eastern seaboardCinda: We started in Stuart, Florida, which is just north of the Palm Beach area. When you think of living on a boat, most people think fabulous lifestyles of the rich and famous. Mark: Some people go all in and sell everything and buy the boat, and the boat is their home residence. We bought our boat specifically to do the loop and we'll sell it when we're done with the loop.

☆ This former Trump White House official says Republicans are 'such nerds' for pushing a 'ridiculous' ban on TikTok
▼ + stars: | 2023-04-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

But John McEntee, a former Trump White House official, thinks that's "ridiculous." But John McEntee, who worked as a top White House staffer when former President Donald Trump attempted to ban the app via executive order, says he's unabashedly "pro-TikTok" and insists the push from the right to ban the Chinese-owned app is "ridiculous." "I think Republicans are such nerds for even doing this," McEntee, the one-time Director of the Official of Presidential Personnel, told Insider in an interview on Thursday. In that job, he reportedly scrutinized White House staffers for their perceived loyalty and played a significant role in the effort to pressure Vice President Mike Pence to overturn the election results on January 6, 2021. In one widely-viewed TikTok, McEntee dances to Demi Lovato's "La La Land" while riffing on liberals attending their first protest, making hand-horns as Lovato sings the phrase "converse with my dress."

☆ Meet a couple living on disability and $500 per month from a guaranteed-income program for families hurt financially by the pandemic
▼ + stars: | 2022-12-25 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A couple from Minnesota gets by on disability benefits and a basic-income program aimed at parents. The St. Paul pilot program launched in 2020 provides 150 families $500 per month for 18 months. The possibilities opened up for their family when Malissa was chosen for a guaranteed-income pilot program in her hometown of St. Paul, Minnesota. Money from guaranteed-income programs does not typically affect one's eligibility for public-assistance programs in the way employment can. The couple has been supporting their family on about $2,000 per month in disability income because of mental-health issues and complications from a childhood case of spinal meningitis.

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