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Can Free Rent Revive Downtown San Francisco?
  + stars: | 2024-08-11 | by ( Joe Gose | ) www.nytimes.com   time to read: +1 min
There’s a buzz of energy in downtown San Francisco from a source that has been missing for years: occupied storefronts. One of those shops is Paper Son Coffee, a roaster with flavors popular among Latin and Asian American communities that has been operating in the South of Market neighborhood since June. “People who work or live in the neighborhood stop in and are like, ‘Wow, there is something here!’” said Alexander Pong, an owner of Paper Son. “They’re excited.”Paper Son is part of an initiative to help San Francisco return to the days before it became a devastating example of what could go wrong with U.S. cities during the pandemic. Downtown San Francisco has the highest concentration of vacant storefronts in the city.
Persons: , Alexander Pong, , Francisco Organizations: , London, Financial District, Downtown Locations: San Francisco, Market, Downtown San Francisco
Gavin Newsom’s recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. Now it’s time for locals to do their job.”But members of the homeless community say they have nowhere to go. “It’s absolute mayhem and craziness,” said Jeni Shurley, a member of the homeless community in Los Angeles. San Francisco has about 8,000 homeless people — the second most in the state behind Los Angeles, with about 75,000. Barger added that the city was working to maintain the trust of the homeless community while working to dismantle the camps.
Persons: Gavin Newsom’s, Newsom, , ” Newsom, We’ve, , Jeni Shurley, Shurley, that’s, “ I’ve, ” Laura Valdez, Tara Gallegos, Newsom’s, Mayor London Breed, Kathryn Barger, Barger, Darrell Steinberg, Steinberg, they’re, ” Steinberg Organizations: Gov, Department of Housing, Urban Development, Democrat, Supreme, D.C, Public, Institute of California, San Francisco’s Mission, NBC News, Mayor London, Los Angeles County, Supervisors, Republican, NBC, Sacramento Locations: California, New, , Los Angeles, Oregon , Colorado , Louisiana , Missouri, Washington, San Francisco’s, San Francisco, Los, Sacramento
An analysis of newly described Homo floresiensis fossils published Tuesday in the journal Nature Communications attempts to answer some of these questions about the tiny human. Liang Bua cave is the only other place where hobbit fossils have been found. The Mata Menge humerus fragment (left) is shown at the same scale as the humerus of Homo floresiensis from Liang Bua. Overall, the research suggested that the hobbit species’ small size remained remarkably constant over a long period. “Every tiny fragment of Homo floresiensis or any other hominin is incredibly important,” Tocheri said.
Persons: floresiensis, , Mata Menge, Flores Gerrit van den Bergh, , Yousuke Kaifu, Liang, Liang Bua, Yousuke, hominins, luzonensis, erectus, Gerrit van den Bergh, wristbones, habilis, Matt Tocheri, wasn’t, Flores, Tocheri, Van den Bergh, van den Bergh, hominin, ” Tocheri Organizations: CNN, Nature Communications, University of Tokyo, Archaeological Science, University of Wollongong, Lakehead University, Smithsonian Locations: Indonesian, Flores, Africa, Java, Asia, Mata, South Africa, Philippines, Australia, Canada, Ontario
The homeless men who huddled in tents on a wide sidewalk near Golden Gate Park in San Francisco knew that city crews were coming to clear them out. Fifteen times this year, the city has cleared the sidewalks near the local Department of Motor Vehicles office — and 15 times, the homeless campers have quickly returned. No longer would San Francisco allow homeless people to stay on the sidewalks if there was another place to sleep. branch had collectively turned down 89 offers of shelter this year, according to the mayor’s office, and Ms. “We need some tough love on the streets of our city,” Ms.
Persons: Mayor London Breed, Breed Organizations: Department of Motor Vehicles, Mayor London Locations: San Francisco, Francisco
Prickles have been around for at least 400 million years, dating back to when ferns and their relatives emerged with some bearing prickles on their stems. Lonely Guy genesBy removing prickles from various species, including roses and eggplants, the authors found that a LOG gene was responsible for the prickles in about 20 types of plants studied. LOG-related genes are found in all plants, even dating back to mosses, which are regarded as the first dry-land plant, Lippman said. “(LOG genes) have been repeatedly co-opted (a biological shift in a trait’s function) in different plant species for the formation of prickles, and also repeatedly lost in lineages where prickles are lost. For agricultural purposes, removing prickles could make harvesting easier and pave the way to get lesser-known produce into grocery stores.
Persons: munch, Zachary Lippman, , Lippman, Guy, It’s, ” Lippman, , Tyler Coverdale, ” Coverdale, Coverdale, , Vivian Irish Organizations: CNN, Laboratory, University of Utah, Wings, Howard Hughes Medical Institute, University of Notre Dame, Yale Locations: Long, , New York, Yale University’s, Australia
Dogs have been a prominent part of Turkish culture for centuries. But this year, Turkey’s stray dogs have become a contentious political issue. The country’s Parliament passed a law this week requiring municipalities to round up stray dogs and put them into shelters, and permitting aggressive or ill animals to be euthanized. But critics have expressed fears that the law may be used to target political opponents of President Recep Tayyip Erdogan, whose ruling party pushed through the legislation. Some are also concerned about inadequate, overcrowded shelters for the country’s stray dog population — estimated to be around four million.
Persons: Shepherd, Boji, Recep Tayyip Erdogan
“Hi, just wanted to let you know that somebody is sharing pictures of you online and discussing you in quite a grotesque manner,” it began. She asked for evidence, and the sender responded with pixelated screenshots of a forum thread that included photos of her. Eventually, with a friend’s help, she found a set of archived pages from the notorious forum site 4chan. She was standing in front of a full-length mirror with her head tilted to the side, smiling playfully. “But I wasn’t wearing any clothes.”
Persons: , , Javellana, ” Javellana
Analyst Alex Henderson reiterated his buy rating for the cybersecurity firm but lowered his price target to $375 from $425. JPMorgan analyst Kenneth Worthington attributed a higher assumption for total crypto market cap as one reason for his price target raise. "We see the cryptoecosystem in the midst of a material participation rally, benefitting Coinbase revenue generation near term," the analyst wrote. Analyst Eric Joseph's December 2025 price target of $8 implies a 51% decline ahead for the stock. He also maintained his $725 price target, which implies upside of 15.6% from Monday's close.
Persons: Oppenheimer, Needham, Alex Henderson, CrowdStrike, Henderson, Lisa Kailai Han, Keefe, Bruyette, Meyer Shields, Shields, — Lisa Kailai Han, Kenneth Worthington, JPMorgan downgrades, Eric Joseph's, Joseph, Chipmaker, Simon Coles, Coles, Jason Helfstein, NFLX, Fred Imbert Organizations: CNBC, Barclays, Netflix, Security, Aon, JPMorgan, Sanofi Locations: Woods, Coinbase, China, Monday's
Best Pet Insurance for Senior Dogs of 2024Compare Senior Dog Pet InsuranceFinding pet insurance for a senior dog can be difficult, as many companies won't insure pets with pre-existing conditions and limit the age of the enrolled pet. Best Senior Dog Insurance for Wide-Ranging CoveragePumpkin Pet Insurance sounds more like a pet treat than an insurance company. Choosing the Right Insurance for Your Senior DogShopping for pet insurance for a senior dog brings some additional considerations compared to finding pet insurance for a puppy. Best Senior Dog Insurance FAQsDoes pet insurance cover senior dogs? Why You Should Trust Us: How We Reviewed Pet Insurance for Senior DogsTo choose the best pet insurance for senior dogs, we compared more than 14 pet insurance companies and followed our rating methodology.
Persons: they're, you'll, Trupanion, it's, Pumpkin, It's, Figo, Vanessa Selger, Kari Steere, Steere, Kelly Burch Kelly Burch, Read, Evelyn Organizations: Insurance, Senior Dogs, Pet, American Kennel, AKC, Senior, Dog Insurance, Seniors, Washington Post, The Chicago Tribune, Forbes, Facebook, Personal Finance Locations: Virginia Beach, New Hampshire, Washington
A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis. “We see the largest number of million-dollar starter homes in expensive coastal markets. To further complicate things for first-time buyers, the value of starter homes has grown at a faster pace than the average home. According to Zillow, starter home values have grown 54.1% over the past five years, while the average US home has increased by 49.1%. The nationwide average price tag for a starter home is $196,611, according to Zillow.
Persons: underscoring, ” Orphe, , It’s, homebuyer, Zillow, Jeffrey Jenkins, Divounguy, “ That’s, , Lawrence Yun Organizations: CNN, Gallup, National Association of Realtors, University of Southern Locations: Zillow, California , New York, New Jersey, University of Southern California, United States
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Those are our only "own, don't trade" stocks, and they may hold the key to the rest of tech. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, it's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Club, Broadcom, AMD, Juniper Networks, Digital Realty Trust, Boston Beer, Bristol, Myers, Charter Communications, Colgate, Fed, Jim Cramer's Charitable Locations: Dexcom, Sketchers, Texas
In the game of climate change, there are both winners and losers. AdvertisementMany of these climate change "winners" are hardy, fast-breeding scavengers that already live in some of the most degraded habitats on Earth: cities. When it comes to what they eat, they aren't picky, which means they probably don't have to worry about climate change eliminating their food source. If climate change is driving a "ratpocalypse," as some evidence suggests, that could have big consequences for human health. But as climate change raises temperatures and alters precipitation trends, their range is expanding and shifting to new geographic areas.
Persons: Giovanni Strona, Shutterstock, they've, We're, , they're, They're Organizations: Service, Business, Commission's, Research Centre, Pest Control, South America, AP, CDC Locations: York, Africa, Asia, South America, South, Florida, Texas, Europe, Vermont
Deodorant, shampoo and underwear are all under lock and key in many stores in California. Retail clerks are often told to ignore shoplifters, after a handful of store employees who confronted thieves were assaulted or killed. Video clips of smash-and-grab crews snatching armloads of merchandise have gone viral. Californians of all political stripes have become fed up with the problems plaguing supermarkets and retail stores, not to mention car break-ins and open-air drug use. Now the state’s lawmakers and voters are weighing what to do.
Organizations: London Breed Locations: California, San Francisco
Goldman Sachs initiates Talos Energy as buy Goldman said the energy company has a "strong oil mix and free cash flow." Goldman Sachs downgrades Lennar to neutral from buy Goldman downgraded the homebuilder stock mainly on valuation. Goldman Sachs initiates Webtoon as buy Goldman said it's bullish on shares of the digital storytelling company. TD Cowen initiates Berkshire Hathaway as hold TD Cowen said it likes the stock but valuation is full right now. " "We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."
Persons: Wells, Piper Sandler, Piper, Goldman Sachs, Goldman, Guggenheim, CrowdStrike, Lennar, it's, TD Cowen, Berkshire Hathaway, Raymond James downgrades Estee Lauder, Raymond James, Fitch, JMP, it's bullish, Jefferies, Baird, Henry Schein, Bernstein, Stifel, BURL, Morgan Stanley, Robinson, Oppenheimer, Coinbase's Organizations: Apple, Nvidia, Energy, Talos Energy, Guggenheim, Webtoon Entertainment, Inc, JPMorgan, Abercrombie, Citi, Tamboran Resources, Resources, Nvidia Citi, Amazon, ramping, Airlines, AAL, opp, Jefferies, Genomics, Micron Citi, MU, Samsung, " Bank of America, Underperform Locations: Berkshire, China, U.S, Wells Fargo, Burlington, 3Q24
I first saw the trailer for “Twisters” — which opens in theaters on Friday — in May at a movie theater in Houston, where I live. “You ride ’em.”Yee-haw, I thought in the theater, as I wondered if my air-conditioning at home was back on. Last week, another powerful storm battered Houston, as Hurricane Beryl had a brief but eventful landfall on the South Texas coast. A blockbuster romp like “Twisters” is a safe and sanitized way to experience a natural disaster: as a fantasy. But we can’t let an escapist version of the climate crisis blind us to how woefully unready we are for the effects of the real thing.
Persons: , I’d, , Glen Powell, Daisy Edgar, Jones, ” Yee, Beryl Organizations: Atlantic, Hollywood Locations: Houston, Texas
"It's a very momentum-driven market," said Ben Klein, the cofounder at the record label and music-marketing firm Hundred Days. Still, for some artists, albums can be a useful tool for marketing, streaming economics, and nourishing their biggest fans. "If you're capturing all of your fans and the fans are streaming 10 songs or they're streaming 30 songs, it actually makes a big difference on charting and streaming revenue." AdvertisementOf course, writing lots of quality songs for an album is easier said than done. And some artists are wary of letting social-media strategies or streaming incentives bleed into the creative process.
Persons: Charli XCX, cheekily, Taylor Swift, Nima Nasseri, Morgan Wallen's, Beyoncé, Cowboy Carter, Swift, Nathan Hubbard, Billie Eilish, Ben Klein, superfans, David O'Connor, Z, Steve Jobs, Robert Fink, Charlie Green, YouTuber, Taylor Lindsey, Brian Zisook, Audrey Benoualid, Myman Greenspan, Ariana Grande, Tate McRae, Judah, Judah Akers, Superfans, Marie Clausen, Akers, Dan Whateley Organizations: Universal Music Group, Poets Department, Nation Entertainment, Napster, iTunes, Herb Alpert School of Music, Sony Music Nashville, Lion, RIAA, Business
Cramer's Lightning Round: Don't sell Match Group
  + stars: | 2024-07-16 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Fortinet's year-to-date stock performance. Stock Chart Icon Stock chart icon Sarepta Therapeutics' year-to-date stock performance. Stock Chart Icon Stock chart icon Toast's year-to-date stock performance. Stock Chart Icon Stock chart icon Teva Pharmaceutical's year-to-date stock performance. Stock Chart Icon Stock chart icon Viking Holdings' year-to-date stock performance.
Persons: Palo, Linde's, you've, You've, there's, Teva, Eli Lilly, Jim Cramer's Organizations: Charitable Trust, Products, Air Products, Therapeutics, Sarepta Therapeutics, BJ's Wholesale, Costco, ., Teva, Viking Holdings, Royal Locations: Palo Alto, Linde, Royal Caribbean
Read previewChina's belt-tightening consumers are dragging on the country's economy even as external demand supports exports, official data released on Monday shows. The fresh data shows China's economy continues to be bogged down by its real-estate crisis , stock-market volatility, geopolitical headwinds, and demographic challenges. AdvertisementPeople are just not spending enoughEven though disposable income grew in the second quarter of this year, consumers in China are reluctant to spend. Economic outlook for the second half of the yearChina's economic outlook isn't that rosy for the second half of this year either. However, they added that headwinds remain in the second half of the year, including the "tapering of post-COVID pent-up consumer demand."
Persons: , Nomura, China's, Donald Trump's, Yeap, Rong Organizations: Service, National Bureau, Statistics —, Reuters, Business, Bureau of Statistics, Nomura Locations: China, Beijing
Read previewOver a dozen of Waymo's self-driving cars were vandalized in San Francisco. San Francisco District Attorney Brooke Jenkins announced Thursday that 36-year-old Ronaile Joshua Burton has been charged with 17 counts of vandalism on Waymo self-driving vehicles. AdvertisementThe arrest follows other reported incidents of vandalism against Waymo's self-driving cars in the last year. Waymo Vehicle surrounded and then graffiti’d, windows were broken, and firework lit on fire inside the vehicle which ultimately caught the entire vehicle on fire. San Francisco is one of the main test beds for self-driving tech, and incidents involving the vehicles — as well as traditional human-driven cars — are bound to come up.
Persons: , Brooke Jenkins, Joshua Burton, Burton, Adam Birka, Ms, White, Waymo, Séraphine Hossenlopp, Tesla, Zoox, Cruise, Insider's Lloyd Lee Organizations: Service, San, Business, Prosecutors, FRANCISCO FIRE DEPARTMENT, London Breed, Reuters, General Motors Locations: San Francisco, Chinatown
CNN —Two lion brothers, including one with an amputated leg, were spotted making a record-breaking night swim through treacherous waters in Uganda’s Queen Elizabeth National Park. Researchers believe that the nearly mile-long (1.6-kilometer) crossing of the crocodile-infested Kazinga Channel is the longest documented swim by lions. They were likely in search of females after losing dangerous fights to another group of male lions — and to avoid humans while doing so, according to the researchers. Alex Braczkowski/Griffith UniversityAt the end of January, the team witnessed Jacob and Tibu enter into two vicious fights with other male lions within 48 hours. “There was terrific incentive to get across.”Looking out for one anotherPacker’s research has shown that when male lions stick together, they sire more cubs.
Persons: Jacob, , Alex Braczkowski, Griffith University Braczkowski, Queen Elizabeth, Braczkowski, “ Jacob, ” Braczkowski, “ I’d, Orin Cornille, Bosco Atukwatse, Luke Ochse, Ochse, Tibu, Duan Biggs, Luke Ochse “, it’s, , Craig Packer, McKnight, Packer, ” Packer, ” Jacob, ” Biggs Organizations: CNN, Uganda’s Queen Elizabeth, Park, lionesses, Griffith University’s, Planetary Health, Food Security, Griffith University, Monitoring, Uganda Wildlife Authority, Environmental Science, Northern Arizona University, Elizabeth, Lion Center, University of Minnesota, Griffith University Lions Locations: Uganda’s Queen, Australia, Ugandan, Braczkowski, Uganda, Queen
It can be fun watching a friend blow out the candles on their birthday cake, but depending on how they choose to celebrate, you might feel like you're blowing your last dollar, too. Over 80% of Americans say they tend to celebrate their birthday with a special meal, including 40% who say they do so every year, according to a 2023 survey from YouGov. When it comes to my friends, a special meal often means a fancy restaurant dinner. While I don't regret those experiences, expensive outings that feel mandatory can breed resentment between friends, says Elaine Swann, an etiquette expert and founder of Swann School of Protocol. Here are the two ways etiquette experts say you can celebrate your friends without compromising your budget.
Persons: Elaine Swann Organizations: Swann School of
"He is running a very bigoted race," Hamadeh told me of Masters, "and MAGA and the America First movement is bigger than that." An anti-Hamadeh yard sign, paid for by the Masters campaign, beside one of Hamadeh's own signs in the 8th district. "This guy, he lost against Mark Kelly because he's a weirdo," Hamadeh told me. "I think that warrants some investigative journalism," Hamadeh told me. "I can't vote for you," one woman, apparently not a prospective constituent, told Hamadeh as she shook hands with him after the event, "but I'll give you a donation."
Persons: Abe Hamadeh, Hamadeh, I've, He's, Donald Trump, Kari Lake, MAGA, Blake Masters, Peter Thiel protégé, who's, It's, Bryan Metzger, Ben Toma, Debbie Lesko, Sen, Anthony Kern, There's, Trent Franks, Israel, there's, Lesko, , Abraham, Abe, Ron Paul, Prophet Muhammad, Jesus, fashioning, he's, Trent, They're, MAGA bromides, JD Vance, Ohio, Masters, Vance, Ted Kacynski, Blake, Mark Kelly, Kari, Brandon Bell, Trump, Clarence Thomas, Thiel, Hamadeh's, Arizona Republic —, Rebecca Noble, Toma Organizations: Service, Republican, GOP, Arizona, Capitol, Trump, Masters, Supreme, Daily, University of, Maricopa County Attorney's, US Army Reserve, Republican Party, Senate, Sun City, Justice, Republicans, Sun City West, Stanford University, FBI, Thiel Capital, Fox News, Arizona Republic, Sun, Arizona House Locations: Phoenix, Arab American, Arizona, America, Tucson, North Phoenix, Washington, There's, Maricopa County, Mecca, Chicago, Skokie, United States, Saudi Arabia, Jerusalem, Istanbul, Vatican, Thailand, Japan, Sun City, crazies, Scottsdale, it's
Around 8 in 10 people infected with West Nile virus don’t show symptoms. These symptoms can often be confused with those of other viruses, so the majority of West Nile cases are never diagnosed. The CDC’s tally for West Nile cases this year is likely an undercount, since several states have reported additional human cases in recent weeks. Raman said he’s worried about more West Nile transmission during monsoon season in the Las Vegas area, which is expected to start soon. The county announced in late June that one person, a blood donor, had tested positive for West Nile virus.
Persons: , ” Kate Fowlie, “ WNV, , Scott Weaver, Weaver, ” Weaver, Vivek Raman, Raman, he’s, Lindsay Huse, Dranda Hopps, “ It’s Organizations: Centers for Disease Control, Prevention, USDA Agricultural Research Service, Agricultural Research Service, AP, Institute, Human, University of Texas Medical Branch, U.S, CDC, West, Southern, Southern Nevada Health District, Southern Nevada Health, The Texas Department of State Health Services, NBC, Dallas, Fort, Texas Department of State Health Services, Scott County Health Department Locations: Arizona , Arkansas , Kansas , Maryland , Michigan , Mississippi, Tennessee, West Nile, West, U.S, Texas, Colorado, Southern Nevada, Nile, Las Vegas, Douglas County , Nebraska, Houston, Springtown , Texas, Fort Worth, Springtown, Clark County , Nevada, Scott, Illinois
Investors looking for outperformance in the third quarter may want to check Bank of America's global "Best of Breed" portfolio. Its third-quarter Best of Breed list is heavily exposed to tech, with the sector netting a 64% portfolio weighting. Here are some of the stocks in the portfolio: Nvidia made the list after a monstrous run this year, surging about 159%. The firm reiterated its overweight rating and raised its price target to $144 from $116 in a Monday note. The firm sees revenue growth accelerating in the second half of this year and operating income growth inflecting in 2025.
Persons: Morgan Stanley, Shopify, BofA, Tyler Radke, NetEase Organizations: America's, Nvidia, Apple, Microsoft, Citi, U.S, Palantir Technologies Locations: U.S, China
The US has been trying to keep the feral pig population — estimated to be between 6 and 9 million — in check for over a decade. Feral pigs will eat almost anythingAlan Biggerstaff of Nuisance Wildlife Management & Control set up hog traps in Texas in 2019. Mayer has seen feral hogs forage at landfills and feed on diapers, rubber bands, and plastic. AdvertisementWhen feral pigs start rooting in grass, they can leave a mess behind, as this photo from 2014 shows. Mayer said another factor that makes controlling wild hogs difficult is that the entire country is a mosaic of different methods.
Persons: , Jack Mayer, Mayer, Alan, Brett Coomer, they're, wilder, Gerald Herbert, Robert F, You've Organizations: Service, Business, Laboratory, Management, Control, Houston, Getty, Texas Locations: San Antonio , Texas, Texas, Florida, Georgia, Savannah, North America, England, Louisiana, Ohio, Kentucky, Oklahoma
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