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JD Vance's plan to tackle high childcare costs may not take into account the looming retirement crisis facing millions of older Americans. When Kirk asked how Vance planned to address the issue, Vance suggested extended family members step in to relieve the financial burden on parents. AdvertisementNot many states require childcare workers to have college degrees or certifications. But he may have been referring to a new law in the nation's capital that requires many childcare workers to have a two-year associate degree, among other training. Vance has condemned universal childcare, calling it a subsidy for the affluent and a "class war against normal people."

Persons: JD Vance's, Vance, Donald Trump's, Charlie Kirk, —, Kirk, didn't, who's, that's, Linda, Katie Britt, Alabama, Mike Lee of, Laurie Furstenfeld Organizations: Service, Bank of America, Survey, Social Security, Business, Republicans, Congress, Child Care Law, asheffey Locations: California, Florida, Mike Lee of Utah, Berkeley , California

☆ Common food dye can make skin transparent in mice, study finds
▼ + stars: | 2024-09-05 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

“But when we put them together, we were able to achieve transparency of the mouse skin.”Once the dye had completely diffused into the skin, the skin became transparent. In mice, the researchers were able to observe blood vessels directly in the surface of the brain through the transparent skin of the skull. Guosong Hong/Stanford UniversityThe transparent areas take on an orangish color, Ou said, similar to that of the food dye. 5 dye, a common food coloring, was used at a low concentration in the study, and its effects were easily undone, according to the researchers. “However, a partially transparent (mouse) will already enable numerous research opportunities to answer questions relating to development, regeneration, as well as aging.”

Persons: Wells, ”, Zihao Ou, ” Ou, “, Hong, Ou, Guosong Hong, Stanford University Christopher Rowlands, Rowlands, wasn’t, Jon Gorecki, Gorecki, tartrazine Organizations: CNN, University of Texas, NSF, Stanford University in, Stanford University, US Food and Drug Administration, California, Environmental Health, Stanford, Imperial College London Locations: H.G, Dallas, Stanford University in California, California, bioengineering, Ou

☆ See Elon Musk's properties over the years, from mansions in Bel Air to his secret house in Texas
▼ + stars: | 2024-09-05 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Elon Musk made headlines in 2020 after announcing he was selling all of his homes. He has succeeded in selling most of his known portfolio but still owns a few properties. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn 2020, Elon Musk wrote on X that he was selling "almost all physical possessions," adding that he would no longer own a house.

Persons: Elon Musk, Musk, — Organizations: Service, SpaceX, Business Locations: California, Texas, South Africa

☆ When Do Women Have the Right to Kill in Self-Defense? - The New York Times
▼ + stars: | 2024-09-04 | by ( Rachel Louise Snyder | ) www.nytimes.com time to read: +45 min

Mr. Ford kept their daughter at home to ensure Ms. Ford wouldn’t tell anyone in the emergency room how Robert’s injury happened. Ms. Ford, now 65, is serving a sentence of life without parole at the Central California Women’s Facility in Chowchilla. Leigh Goodmark, the author of the book “Imperfect Victims,” said that self-defense law imagines two parties of equal strength, size, weight and physical capability. But where self-defense law really fails to capture a woman’s experience is around the question of imminence. For women like Ms. Ford, Ms. Ayobi and many others, killing their way out of a relationship was an act of salvation — for themselves, for their children.

Persons: Anita Ford, Barry Ford, They’d, Robert, they’d, she’d, didn’t, wouldn’t, Ford, Ford’s, ” Mr, Debra Gomes, “ It’s, ”, I’m, —, George Wright, Wright, — Lionel Cashman, John Aldridge —, Aldridge, Cashman, Ms, “, Theresa Jones, Caroline Light, Michal Goldstein, Agatha Nyarko, they’ve, Cynthia Gillespie, doggedly, Gillespie, Leigh Goodmark, Nancy Grigsby, She’s, ” Ms, Grigsby, she’s, Shajia Ayobi, Ghulam Ayobi, Ayobi, Masiula, he’d, Debbie Mukamal, Andrea Cimino, what’s, proctors, proctor, we’d, Weeks, Miranda Gallegos, Janeen Snyder, Debby Saravia, Jamie Monroe, Malinda Jones, Mukamal, We’re, Lenore Walker, Walker, Karla Porter, Porter, It’s, Michal Buchhandler, Raphael, Mary Anne Franks, shouldn’t, Angelique Lyn Lavallee, Kevin Rust, Bertha Wilson, ’, Justice Wilson, Elizabeth Sheehy, George Zimmerman, Kyle Rittenhouse Organizations: Defense, Fords, Stanford, School’s Criminal, Center, Central, Central California Women’s, National Commission, An Ohio Supreme, Northwest Women’s Law Center, Violence Network, Ford, Stanford Criminal Justice Center, California Institution, Women, Research, Widener University, George Washington University, University of Ottawa Faculty of Law Locations: United States, Central California, Chowchilla, Mexico, Huntington Beach, Calif, Lakewood, An Ohio, Florida, Seattle, Ohio, Afghanistan, Sacramento, Canada, California, manila, Chino Hills, Los Angeles, D.U.I.s, San Jose, Maryland, New York , California, Oklahoma

☆ A US Army vet moved to Japan with his wife and bought an abandoned house for $35,000. They have no plans to leave.
▼ + stars: | 2024-09-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Coco Lencho Japan. Coco Lencho Japan. Coco Lencho Japan. Coco Lencho Japan. Coco Lencho Japan.

Persons: —, Lawrence Covian's, Covian, Chiyoko, Lawrence Covian, Coco Lencho, I've, Covian's, he's Organizations: Service, Business Locations: Japan, North Carolina, Coco Lencho Japan, California, Yamaguchi prefecture, Coco, Iwakuni, Hiroshima, Tokyo, Miwa, United States

☆ How Disney created a PR nightmare with its response to a wrongful-death lawsuit
▼ + stars: | 2024-09-02 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +8 min

Read previewEarlier this month, Disney walked itself into a PR nightmare. Jeffrey J. Piccolo named the entertainment giant in a wrongful-death lawsuit in February after his wife, Kanokporn Tangsuan, died at a restaurant in Disney Springs in Florida. Disney backtracksOne X user called the Disney+ argument "very dystopian," while others encouraged people to cancel their subscriptions in retaliation. AdvertisementRepresentatives for Disney issued a statement about the wrongful-death lawsuit. Legal proceedings for the lawsuit are still ongoing, but Triana said Disney has the opportunity to mend its public image now through transparency.

Persons: —, Disney, Jeffrey J, Piccolo, Kanokporn Tangsuan, Tangsuan, Joe Burbank, David Triana, I'm, Triana, I've, Josh D'Amaro, we've, Natela, Shenon, it's, They're, they've Organizations: Service, Business, Hollywood, Disney, Pubs, Inc, Disney Springs, Walt Disney, Media, Associated Press, Orlando Sentinel, Tribune, Getty, Axia Public Relations, Washington Post Locations: Disney Springs, Florida, New York, Pubs Florida, Raglan, California

☆ A quaint California downtown is on sale for $6.6 million, but the seller is looking for a specific kind of buyer
▼ + stars: | 2024-09-01 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Downtown Campo is an hour away from San Diego in California. Downtown Campo has 28 buildingsThe listing for downtown Campo includes three separate parcels totaling about 16 acres. HMBD Real Estate MarketingRay first purchased the property in 2000 when he lived in San Diego. HMBD Real Estate MarketingHernandez echoed that sentiment, saying locals mentioned renovating the local basketball court and a new playground. AdvertisementHernandez said he's had offers from a mix of interested parties, including traditional real estate investors and people pitching unique concepts.

Persons: —, Deborah Jean Peck, I've, Peck, Campo, John Ray, Nick Hernandez, " Hernandez, Marketing Ray, He's, Ray, Hernandez, Marketing Hernandez, who's, he's, Tony Hawk Organizations: Service, Campo, Business, Downtown, Campo Baptist Church, Marketing, Cleveland National Forest, Campo Metal, Campo hasn't, downtown Locations: Campo, San Diego, Downtown Campo, California, HMBD, Las Vegas, Coast, Mexico, Canada, downtown Campo

☆ Oracle billionaire Larry Ellison's incredible real estate portfolio includes properties in Silicon Valley, Japan, Hawaii, and more
▼ + stars: | 2024-09-01 | by ( Jordan Hart | Paige Leskin | ) www.businessinsider.com time to read: +1 min

Larry Ellison, Oracle's cofounder and former CEO, has an extensive real estate portfolio. Here are all the real estate holdings belonging to Ellison, the fifth-richest person in the world. Go to newsletter preferences Thanks for signing up! AdvertisementOracle cofounder Larry Ellison is the fifth-richest person in the world, with a net worth of more than $169 billion, according to Forbes. With a portfolio valued at over $1 billion, Ellison is no stranger to the real estate market.

Persons: Larry Ellison, Oracle's, Ellison, — Organizations: Service, Forbes, Eau, Business Locations: California, Lanai, Eau Palm

☆ I moved from California to Texas but stayed only 4 months. Texas wasn't much cheaper, and everyone was politics-obsessed.
▼ + stars: | 2024-08-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

She and her family stayed in the Lone Star State for only 4 ½ months before moving back to Temecula. After my brother and his family moved to Texas, I flew out to look around. But people also talk about Texas having no income tax. I knew he didn't like Texas either, but we had just moved at my request. It was hard to leave my family in Texas, but my family in California was really happy.

Persons: —, Kellee Speakman, I've, I'm, Speakman, — I'm, Robin, Let's, Speakman I'm, We're, It's Organizations: Service, Lone Star State, Business, Texas Locations: Temecula , California, Dallas, Fort Worth, Temecula, Southern California, Texas, California, Highland, San Antonio, Speakman Texas, , Texas, Murietta

☆ California bans red No. 40 and others from school food
▼ + stars: | 2024-08-30 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

CNN —California Governor Gavin Newsom has signed into law a bill that bans the use of red dye No. Known as the California School Food Safety Act and introduced by Democratic Assemblymember Jesse Gabriel in February, Assembly Bill 2316 prohibits a school district, county superintendent of schools or charter school with grades kindergarten through 12th from offering foods or beverages containing red dye No. “California is once again leading the nation when it comes to protecting our kids from dangerous chemicals,” Gabriel said in a news release. “No industry is more committed to food safety than the consumer packaged goods industry. After the state banned brominated vegetable oil, used mostly in some sodas, as part of its California Food Safety Act in October 2023, the US Food and Drug Administration revoked the regulation for its use nine months later.

Persons: Gavin Newsom, Jesse Gabriel, Tony Thurmond, cosponsor, ” Gabriel, who’s, “, Bill, Paul Greenwood, John Hewitt, ” Hewitt, Thurmond, Gabriel, ”, Lesley, Ann Brandt, ” Brandt, “ I’m Organizations: CNN, Golden State, Environmental, Consumer, California School Food Safety, Democratic, California, Environmental Health, Food, FDA, California Legislature, Joint Food and Agriculture Organization, United Nations, World, Consumer Brands Association, European Union, California Food, US Food and Drug Administration, USDA Locations: California, United States, South Africa, New Zealand

☆ Elon Musk says voting by mail is ‘insane’ — but he has done it himself, records show
▼ + stars: | 2024-08-30 | by ( David Ingram | ) www.cnbc.com time to read: +7 min

Elon Musk has attacked voting by mail as an "insane" idea that encourages election fraud, but he voted by mail twice when he lived in California, according to records of his voting history obtained by NBC News. Musk voted by mail in November 2016, the year Donald Trump defeated Hillary Clinton, and in the November 2018 midterm election, the records show. The state records show that Musk had a sparse history of voting in California. This is the first time Musk's California voting records have been made public. Voting by mail was the choice of a majority of California voters both times Musk voted.

Persons: Elon Musk, Tesla, Porte, Musk, Donald Trump, Hillary Clinton, Barack Obama, John McCain, Mitt Romney, It's, Trump, Trump's, Kamala Harris, Clinton, Joe Biden Organizations: Viva Technology, Porte de, NBC News, NBC, Social, PAC, America PAC, Daily, SpaceX, Business, Tesla, White House Locations: Paris, France, California, Los Angeles, U.S, Texas, USA, North Carolina, Wisconsin, America, Brownsville , Texas, Austin, Florida

☆ Wildfires keep hitting the iconic Pacific Crest Trail, forcing closures and evacuations
▼ + stars: | 2024-08-24 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

Wildfires and their burn scars have made portions of the trail more hazardous and forced hikers to contend with closures on quick notice. Meanwhile, when fast-moving wildfires strike, many rural communities along the trail are finding themselves responsible for helping vulnerable hikers. “Wildfire season is lasting longer, becoming less predictable, affecting more trail, more trail users and more trail communities,” Rylee said. The signals of climate change now stick out on the PCT, said John O’Brien, a California climate scientist who grew up near the trail and hikes on it frequently. Karen Altergott passed through this burn zone in Lassen Volcanic National Park while hiking the Pacific Crest Trail in 2022.

Persons: ” Rylee, John O’Brien, ” O’Brien, Jamie Hale, Teesseling, “ We’ve, ” Thijs Koekkoek, Taime Teesseling, ” Teesseling, ” —, Karen Altergott, Altergott, Karen Altergott “, ” Altergott, “, —, They’re, ”, Becky Wade, Jeff McCabe, Becky Wade McCabe, Wade, McCabe, Shelly, Jeff McCabe's, Becky Wade “, Will Georis, Georis, ” Georis Organizations: “, PCT, Crest Trail, Klamath National Forest, University of California Locations: Sierra Nevada, California, Columbia, Portland ,, Julian, Burney , California, Stehekin , Washington, Hamburg , California, Klamath, ”, Berkeley, Mexico, Canada

☆ Former OpenAI employees call out Sam Altman for not backing even 'light-touch' safety efforts
▼ + stars: | 2024-08-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

"OpenAI opposes even the extremely light-touch requirements in SB 1047, most of which OpenAl claims to voluntarily commit to, raising questions about the strength of those commitments." They said the existing federal legislation OpenAI is using to support its case is "woefully inadequate." They said they hoped their letter would help push the California legislature to pass SB 1047. In an email to Business Insider, a spokesperson for OpenAI said the letter misrepresented the company's position on the bill. "We strongly disagree with the mischaracterization of our position on SB 1047.

Persons: —, OpenAI, California Sen, Scott Wiener, Sam Altman, William Saunders, Daniel Kokotajlo, Saunders, Wiener, we've Organizations: Service, Business, Congressional, Labor, U.S, AI Safety Locations: California, Sacramento, OpenAI

☆ Restaurants fight back against the FTC crackdown on 'junk fees' as diners balk at new charges
▼ + stars: | 2024-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +7 min

Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight. The Biden administration has broadly targeted so-called junk fees, like an undisclosed service charge for concert tickets or unexpected resort fees when checking out of a hotel. The Biden Administration is attempting to crack down on so-called "junk fees" in retirement accounts with a rule prosed by the U.S. Labor Department. Lobbyists vs. legislatorsOn the state level, restaurants have already had some success in getting excluded from the fight over junk fees. California's SB 478 law would ban so-called "junk fees".

Persons: Birkin, Biden, Joe Biden, Chip Somodevilla, Biden administration's crosshairs, Sean Kennedy, Kennedy, Andres Clavero, Clavero, Galit, Peter Demetri, Tai Huh, Huh, CSHG Organizations: Getty, National Restaurant Association, Federal Trade Commission, White, Biden Administration, U.S . Labor Department, National Women's Law, Cambridge Street Hospitality Group, Health, Restaurant Association, California's Locations: Los Angeles, Chicago, Washington ,, New York, Denver, Asian, Massachusetts, California, –, Oakland , California

☆ 2 reasons why Disney's stock is worth buying despite a theme-park slowdown
▼ + stars: | 2024-08-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

In fiscal 2022 and 2023 combined, Disney's experiences unit, which houses the parks, generated 67.5% of the company's operating income. That represents a significant deceleration in growth from its first and second quarters, when operating income rose 8% and 12%, respectively. Nispel argued that negative sentiment around Disney's theme parks performance could be a reason to have less conviction on the stock in the near term. The more excitement around its movies, the more interest in everything from theme parks to streaming services to branded merchandise. Operating income, in particular, rose more than $350 million year over year to $254 million.

Persons: that's, Disney, we're, Jim Cramer, Jeff Marks, amortization —, Brandon Nispel, Nispel, Bob Iger, Goldman Sachs, Goldman, Jim, Romulus, King, KeyBanc's Nispel, Jim Cramer's, Mickey Mouse, Minnie Mouse, Gary Hershorn Organizations: Disney, Magic, Club, Magic Kingdom, DIS, Comcast, CNBC, KeyBanc, Universal, Americas, —, Hulu, ESPN, Walt Disney World, Corbis, Getty Locations: California, Florida, Magic, Orlando , Florida, Orlando, Animal Kingdom

☆ Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
▼ + stars: | 2024-08-23 | by ( Michael Wayland | ) www.nbcnews.com time to read: +8 min

So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. “We’re quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range,” he told CNBC on Thursday. Gjaja’s comments came a day after the automaker announced updates to its EV strategy that will cost up to $1.9 billion. Gjaja said the decision wasn’t taken lightly, especially the cancellation of the upcoming three-row vehicle, which Ford CEO Jim Farley and other executives had been touting as a game changer for several years. He said the Ford, in part, developed the skunkworks team to prove that Ford can compete against the Chinese automakers.

Persons: Marin Gjaja, We’re, “, Warren Buffett, Gjaja, Jim Farley, ” Farley, Ford, ” BofA’s John Murphy, John Lawler, Lawler, ” Gjaja, ” There’s, we’ve, ” Ford, Thursday, ” Organizations: DETROIT, Ford, CNBC, North America, EV, “, ICE, Wall Street, GM, General Motors Locations: U.S, Europe, North, California, China, ”

☆ Gettysburg National Military Park falls victim to vandalism
▼ + stars: | 2024-08-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —Vandalism has come to another US historic site, Pennsylvania’s Gettysburg National Military Park, where a pivotal battle of the Civil War was fought. “Our hearts sank when these two cases of vandalism were reported within days of each other,” Park Superintendent Kristina Heister said in a statement. “We were fearful that the graffiti carved into the rock may be there for future generations.”Luckily, park staff was able to clean and remove all traces of the vandalism. Heister thanked both the staffers who were able to remove the graffiti and park visitors who alerted them to the damage. More recently, rangers at the Grand Canyon – the second most visited national park in the US – issued a strong warning against leaving “love locks” hooked onto structures at the Arizona park.

Persons: Kristina Heister, “, Maddie, Heister, Steve, Lacy, Joshua Organizations: CNN, Military, National Park Service, Gettysburg, NPS, Military Park, Joshua Tree National, California condors Locations: Gettysburg, ”, Canadian, Joshua Tree, Arizona

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ With Hunter Biden on trial, special counsel spending grows
▼ + stars: | 2024-08-23 | by ( Katelyn | ) edition.cnn.com time to read: +3 min

CNN —Special counsel David Weiss’ office spent a total of $3.4 million over the past six months, a dramatic increase as it took Hunter Biden to trial in Delaware on gun-related charges and secured a conviction of the president’s son. Spending by two other Justice Department-appointed special counsels, Jack Smith and Robert Hur, decreased slightly compared with the six months prior. The disclosures come as courts have upped their scrutiny of special counsel office operations. Hunter Biden and another defendant in a separate criminal case have so far been unsuccessful in attempting to challenge special counsel Weiss’ authority. Challengers including Trump have argued that shouldn’t be allowed because Congress didn’t specifically sign off on the special counsel offices.

Persons: David Weiss ’, Hunter Biden, Weiss, Weiss ’, Jack Smith, Robert Hur, — Hunter Biden, Donald Trump —, Hur, Biden, Smith, shouldn’t Organizations: CNN, Department, Trump Locations: Delaware, Florida, Washington, DC, California

☆ Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
▼ + stars: | 2024-08-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

In this article F Follow your favorite stocks CREATE FREE ACCOUNTA banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. So it might surprise investors that the automaker believes its new path to profitability for electric vehicles will first be led by smaller, more affordable vehicles. "We're quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on the lower size-end of the range," he told CNBC on Thursday. Gjaja's comments come a day after the automaker announced updates to its EV strategy that will cost up to $1.9 billion. He said the Ford, in part, developed the "skunkworks" team to prove that Ford can compete against the Chinese automakers.

Persons: Mario Tama, Marin Gjaja, Warren Buffett, Gjaja, Jim Farley, Farley, Ford, BofA's John Murphy, John Lawler, Lawler, There's, we've, Michael Wayland Organizations: Ford, Getty, DETROIT, CNBC, North America, EV, Wall Street, GM, General Motors Locations: Glendale , California, U.S, Europe, North, California, China

☆ A new path to better sleep: Evening exercise breaks
▼ + stars: | 2024-08-23 | by ( Dana Santas | ) edition.cnn.com time to read: +9 min

Now, a small efficacy study published July 16 in the journal BMJ Open Sport & Exercise Medicine suggests a simple yet effective strategy to improve sleep duration: incorporating short resistance, or strength training, exercise breaks in the evening. The findings were compelling: The participants slept an average of 27.7 minutes longer when they took regular exercise breaks compared with when they sat uninterrupted. “Our research found that interrupting evening sitting time with short bursts of light intensity exercise improved sleep duration and did not disrupt sleep quality,” Gale added via email. “Adding quick, simple and light resistance exercise breaks to your evening routine could be a simple way to improve your sleep and health,” he said. Better sleep could be just a few short exercise breaks away.

Persons: Dana Santas, Aaron Lockwood, ”, Jennifer Gale, Gale, ” Gale, Raj Dasgupta, Dasgupta, “ Organizations: Pain, CNN, US Centers for Disease Control, University of Otago, Huntington Health, CNN’s Locations: United States, New Zealand, California

☆ How the 2024 election could impact homebuilder stocks
▼ + stars: | 2024-08-23 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

In this article DHILENPHM Follow your favorite stocks CREATE FREE ACCOUNTShareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Quintero's research suggests lower levels of competition among homebuilders may contribute to the U.S. housing shortage. "The supply shortage that we have estimated [is] anywhere from 2 [million] to 8 million. Some people put it at even 20 million housing units that we are short," said Tobias Peter, co-director of the American Enterprise Institute's Housing Center.

Persons: LEN PHM, Horton, Lennar, LEN, Luis Quintero, Tobias Peter, Margaret Whelan, Whelan Organizations: Industry, Johns Hopkins University Carey School of Business, American Enterprise Institute's Housing Locations: United States, California, Texas

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ Burned and uninsured: Wildfires are leaving California’s housing market in trouble
▼ + stars: | 2024-08-18 | by ( Shania Baweja | Taylor Galgano | ) edition.cnn.com time to read: +8 min

That’s made home insurance increasingly unaffordable or even inaccessible – and that’s leaving more people in the same position as the Daneaus. California’s largest insurer, State Farm, requested a 30% rate increase for its homeowner’s line last month. Last year, California Insurance Commissioner Ricardo Lara reached an agreement with insurers with an aim to cover approximately 85% of properties in high-risk areas. “[My insurance plan] wasn’t canceled but my insurance company increased the rates quite a bit,” she said. But he cautioned there’s no guarantee of that, leaving homeowners like the Daneaus grappling with uncertainty.

Persons: Los Angeles CNN —, Michael, Kristy Daneau’s, Kristy, Michael Daneau, Kristy Daneau, That’s, “ We’re, ” Michael, ”, aren’t, Justin Sullivan, California’s, it’s, ” Michael Daneau, Ricardo Lara, Kristy Daneau's, what’s, Steve Hawks, Woolsey, Angela Wilson, LAEPF, Wilson, Brent Woodworth, there’s, “ I’m, we’ve, CNN’s Camila Bernal, Sarah Moon Organizations: Los Angeles CNN, Gas & Electric, Insurance Information Institute, California Department of Insurance, Farm, State, CNN, FAIR, California FAIR, California, Golden State, The Insurance Institute for Business & Home Safety, Institute for Business & Home Safety, for Business & Home, Los, Emergency Preparedness Foundation Locations: Cohasset, California, Paradise , California, Santa Monica, Malibu

☆ Disney has a price problem. It has ambitious plans to fix that
▼ + stars: | 2024-08-16 | by ( Natasha Chen | ) edition.cnn.com time to read: +11 min

“With 2025 also being the opening of Universal’s Epic Universe, there will likely also be negative impacts on Walt Disney World attendance. Still, the price of Disney tickets today compared to past years prices out some families. The grievance from the fan community is that this used to be free at Disney parks. Transportation from the Orlando airport to Disney World property also used to be included for Disney hotel guests, but that service has been discontinued. Munsil said the Disney parks are “expensive, yes, but there’s nothing else on Earth like them.”

Persons: CNN —, Raymond James, Hugh Johnston, Josh D’Amaro, ” D’Amaro, D’Amaro, ”, “, Gary Hershorn, Tom Bricker, ” Bricker, Bricker, Don Munsil, Munsil, Mindy Marzec, ” Munsil, Victoria Wade, ” Wade, Wade Organizations: CNN, CNN — Disney, Disney, Walt Disney Parks and Resorts, Pixar, Corbis, “, Walt Disney, Walt Disney World, “ Star, Busch, Transportation, Food, Disney Food, Magic, Universal Studios, Magic Kingdom Locations: Orlando, Anaheim , California, Wakanda, California, Florida

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