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Spencer Schneier moved from the US to Bengaluru, India, to launch a tech startup in 2022. This as-told-to essay is based on a conversation with Spencer Schneier, who moved from the US to Bengaluru, India, to launch a tech startup in 2022. AdvertisementAround the time, I became interested in Silicon Valley — it felt like a meritocratic place where people could take their own path. AdvertisementBengaluru is similar to Silicon Valley in some waysBengaluru felt like Silicon Valley in many ways. About one-third of our team is in Silicon Valley, while the rest are in Bengaluru.
Persons: Spencer Schneier, I've Organizations: Google, India's Ministry, Corporate Affairs, San Locations: Bengaluru, India, Silicon Valley, New York, East Coast, North Carolina, Silicon, Seattle, San Francisco, Mumbai, American, it's, Palo Alto, Southeast Asia, California, Little America
US health insurance: Frustrations with care denials
  + stars: | 2024-12-12 | by ( Tami Luhby | ) edition.cnn.com   time to read: +5 min
Americans’ pent-up fury with the nation’s health insurance industry burst into the spotlight last week after the fatal shooting of UnitedHealthcare CEO Brian Thompson in midtown Manhattan. They flooded social media with posts and videos about denials of medical treatments and claims, as well as other frustrations with the complicated system. The majority of insured US adults had at least one health insurance problem – including denial of claims – in the span of a year, according to a survey released in June 2023 by KFF, a nonprofit health policy research group. Still, 81% of respondents rated their health insurance as “excellent” or “good,” the same survey found. Roughly 41% of adults had debt caused by medical or dental bills, according to a 2022 KFF Health Care Debt Survey.
Persons: Arete Tsoukalas, , , Tsoukalas, Brian Thompson, Luigi Mangione, Mangione, , Isaac Rosenbloom, he’s, ” Isaac Rosenbloom, Melanie Duquette, Duquette Organizations: CNN, Police, KFF, Survey Locations: West Lafayette , Indiana, midtown Manhattan, Pueblo , Colorado, Worchester , Massachusetts
The New York City Council passed the FARE Act, shifting broker fees from renters to landlords. AdvertisementThe New York City Council passed a law in November — the Fairness in Apartment Rental Expenses (FARE) Act — shifting the burden of real estate broker fees from renters to landlords. "People with smaller budgets have to compete really fiercely for more affordable homes, but with broker fees," Lee said. Related storiesThe expected impact of the lawStreetEasy expects the FARE Act to enable many more renters to move and create more transparency when they sign a lease. The FARE Act passed the city council with the support of 42 of its 51 members, giving it a veto-proof majority.
Persons: StreetEasy, it's, Kenny Lee, Lee, Eric Adams, Adams Organizations: New, New York City Council, York City Council, Apple, New York City, New York Department of State, Real, Board, erelman Locations: New York, York, New York City, StreetEasy
Masnaa, Lebanon’s border with Syria CNN —Nadia’s eyes were full of tears as she crossed the border from Syria to Lebanon. People cross from Syria into Lebanon at the Masnaa border crossing on Wednesday, December 11. My brother is there, I have not seen him in 11 years,” Mohammed told CNN. And there are so many children,” Fatima, a young woman trying to get into Lebanon, told CNN. As Nadia and Saiman continued their journey to Beirut, Mohammed, his wife and their four sons headed the other way.
Persons: Syria CNN —, Nadia, Saiman, Sydra, Mohammed, Syria’s, Bashar al, Assad, what’s, Ivana Kottasova, , ” Mohammed, It’s, didn’t, , Amani, Hassan Nasrallah, , Nasrallah, Diaa, CNN Diaa, CNN Israel, ” Diaa, regime’s, ” Fatima, Fatima, He’s, ” Saiman Organizations: Syria CNN, Taxi, CNN, Hezbollah, Syria, Lebanese General Security, Lebanese Locations: Lebanon’s, Syria, Lebanon, Germany, Hasaka, Nadia, Beirut, Masnaa, Damascus, Lebanese, Israel, Iran, Kurdish, “ Lebanon, Islam, Turkey, al Qaeda
Yet Gordon Singer has more power than ever inside the firm. In 2009, Gordon Singer was named head of Elliott's London office. AdvertisementThese people said that before the restructuring, the Elliott London office could put trades on with the younger Singer's sign-off. Another former investor estimated that the London office had control of up to $7 billion in capital at its peak. Before Bhanji's departure, the most surprising exit was by Levine, a partner who has known Gordon Singer and his brother, Andrew, since they were kids.
Persons: Paul Singer's, Gordon, Singer, Gordon Singer, Elliott, Paul Singer, Nabeel, Jonathan Pollock, institutionalizes, Gordon Singer's, Pollock, Gordon Singer didn't, Jonathan Bush, George W, Bush, Elliott alums, James Bayliss, Mark Levine, Sebastien de La Riviere, Mark Wills, Levine, Andrew, Mark, he's, Gaurav Toshniwal, John Pike, Pike, Pat Frayne, there's, Paul, Giorgio Furlani Organizations: Lehman Brothers, Elliott, Bain, Employees, Europe's, Ken, Financial Times, Sargasso Partners, London, Oxford's Exeter College, Williams College, Italian soccer, AC Milan Locations: London, New York, Elliott London, Italy, Asia, Hong Kong, Tokyo, who's, Italian, Florida
Bond yields, which are correlated with inflation and interest rate expectations, leaped on the news. Following this print, the market believes an interest rate cut next week is almost guaranteed. Higher prices could complicate a strong setupMajor investment firms are almost universally bullish heading into 2025, and for good reason. "And while this print shouldn't force that reality to interrupt the holiday season, investors should be [wary] of impacts higher inflation might have on their portfolios and be prepared accordingly." The former often benefits from higher inflation since a jump in oil prices would pad its profits.
Persons: Lara Castleton, Janus Henderson, Steve Sosnick, Donald, Rick Rieder, Jim Baird, Plante, Baird, Gargi Chaudhuri, aren't, Ronald Temple, deglobalization, Rieder, Sinead Colton Grant, Trump, he's, Colton Grant, Janus Henderson's Castleton Organizations: Nasdaq, Janus, Janus Henderson Investors, Business, Interactive Brokers, Reserve, Financial, Americas, BlackRock, Trump, Lazard, Fed Locations: wilting, Castleton
Susan Levine, the CEO of Career Group Companies in LA, has a non-negotiable morning routine. This as-told-to essay is based on a conversation with Susan Levine, the CEO of Career Group Companies in Los Angeles. AdvertisementBefore founding Career Group Companies, a recruitment and advisory firm, in 1981, I worked for another staffing company for 10 months, where I was introduced to the recruiting world. I self-funded and started Career Group Companies when I was 24. AdvertisementCareer Group Companies has 225 full-time employees and thousands of freelancers, and we're still growing.
Persons: Susan Levine, It's, I've, they've, , I'm Organizations: Group Locations: LA, Los Angeles, San Rafael, New York, Miami, East Coast, Pacific Palisades, Century City
Nearly 30% of older American homeowners doubt they'll retire on time or at all, a new survey suggests. People said inflation, higher interest rates, and high housing costs could delay their retirement. Close to one in three older US homeowners doubt they can afford to retire on time or at all, a new survey indicates. AdvertisementPoint, a home-equity platform, surveyed more than 1,000 homeowners ages 50 and older. Insufficient savings, housing costs, interest rates, inflation, and medical and other life-changing events were the top five reasons given by those expecting to delay retirement or planning a return to work.
Persons: they'll, they'd, Warren Buffett, Berkshire Hathaway Organizations: Fed, Berkshire
Calendly laid off around 70 employees in its engineering, customer experience, marketing, and billing teams. BI obtained a copy of CEO Tope Awotona's memo announcing the cuts to staff on Wednesday morning. Calendly previously laid off 60 employees in July 2023 and was valued at $3 billion in 2021. Scheduling platform Calendly laid off around 70 employees — about 13% of its workforce — on Wednesday. This is Awotona's memo sent to employees, shared with BI by two employees:Hi Team I am reaching out this morning to share some difficult news.
Persons: Calendly, Tope, Tope Awotona, Awotona, We've, we've, Jyoti Mann Organizations: Business, Big Tech, Google, Microsoft, Billing, People Team Locations: jyotimann
Sky-high credit-card interest rates are not popular. "He said, you know what, credit-card interest rates, which in some cases right now are 20, 25%, should not be higher than 10%. The average credit-card interest rate for new card offers is 24.43%, according to LendingTree — up about 10 percentage points from a decade ago. "Obviously, the interest rates have to respond to changing market conditions, and we've definitely seen that happen. A rate cap isn't the only solution to America's ballooning credit-card-debt problem and just how expensive it is to carry debt.
Persons: everyone's, Donald Trump, Sen, Bernie Sanders, Trump, Sanders, Elizabeth Warren, Matt Schulz, LendingTree, we've, Julie Margetta Morgan, Margetta Morgan, Schulz, Chi Chi Wu, Elon Musk, Wu, Banks, it's, Natasha, Janet Yellen, Aaron Klein, Barack Obama, Klein, Alexandria Ocasio, Cortez, they're, Warren, Carter Dougherty, Emily Stewart Organizations: White, Business, Politico, American Bankers Association, LendingTree, Consumer Financial, Federal Reserve Bank of New, Trump, Chi, National Consumer Law Center, Yale, Washington, Brookings Institution, Department, Treasury, Consumer, Financial Reform, Republicans Locations: Federal Reserve Bank of New York, Alexandria, Washington
The global oil markets are weighed down by ample supply and demand concerns, in part due to China's flagging economy. "So the global oil market is softer and that creates possibly an opportunity to take some further action," Yellen said. The US has been tightening its noose on Russian energy revenues. The measures have allowed the global energy markets to continue functioning in an orderly fashion — which prevents price shocks and inflation — but still limit Russia's oil revenue. In November, Russia's oil revenue fell 21% from a year ago amid weak energy prices, according to Bloomberg calculations based on official data.
Persons: Yellen, Janet Yellen, Biden, Dmitry Peskov Organizations: Bloomberg, Bloomberg TV, Brent, US West Texas, Kremlin, US Locations: Russia, Macquarie, Russian, Ukraine, India, China
AdvertisementIn one quick conversation, my holiday to-do's have more than doubled — along with the knot in my stomach. Now, I'm responsible for all the seasonal magic my parents once created, plus my own family's stuff. But being responsible for my mom and 11-year-old (even with my husband's help) is enough to ramp up my stress. Grabbing one of my kid's markers, I add "dog food" to my list and consider crossing off "Mom and Dad's tree." Taking time to process also makes me aware of one very important fact: I'm keeping number 12 on my list, "Mom and Dad's (extra-tall) tree, " forever.
Persons: , I've, I'm, biggie, he'd Organizations: Pew Research Center Locations: Louisville , Kentucky, Los Angeles
A Qantas flight U-turned over the Pacific Ocean — 1,100 miles after leaving Los Angeles. Investigators said sparks were seen coming from an engine, and Qantas confirmed a "mechanical issue." In addition, you accept Insider's Terms of Service and Privacy PolicyQantas passengers endured a six-hour flight to nowhere when their flight turned around over the Pacific Ocean. Flight 16 from Los Angeles to Brisbane, Australia, on December 3 U-turned after 2 ½ hours, about 1,100 miles off the California coast, per FlightAware data. On Saturday, a United Airlines flight to London returned to Newark, New Jersey, where a 24-year-old was arrested on suspicion of interference with transportation.
Organizations: Qantas, Investigators, Passengers, Business, Service, Privacy, LAX, Australian Transport Safety Bureau, Airbus, United Airlines Locations: Los Angeles, Brisbane, Australia, California, LA, Melbourne, London, Newark , New Jersey
NFL commissioner Roger Goodell said Wednesday the league’s partnership with Roc Nation, the entertainment company founded by rapper and entrepreneur Jay-Z, is “not changing” amid the civil lawsuit filed against Jay-Z accusing him of sexually assaulting a 13-year-old girl. “We are aware of the civil allegations and Jay Z’s really strong response to that," Goodell said at a press conference following a league meeting in Irving, Texas. But from our standpoint our relationship is not changing with them, including our preparations for the next Super Bowl." The NFL and Roc Nation entered a partnership in 2019 for the company to serve as the league’s “live music entertainment strategist.” Roc Nation has since annually produced the halftime show at the Super Bowl, including Kendrick Lamar’s upcoming performance in New Orleans in February. “These allegations are so heinous in nature that I implore you to file a criminal complaint, not a civil one!!
Persons: Roger Goodell, Jay, Shawn Carter, Sean “ Diddy ” Combs, , Jay Z’s, Goodell, Kendrick Lamar’s, ” Goodell, They’ve, ” Carter, , I’m, Combs, Carter, Beyoncé Organizations: Roc Nation, Jay, Super, MTV, Baltimore Ravens, Houston Texans, Netflix Locations: Irving , Texas, New Orleans, Brooklyn, New York
In today’s edition, political embed Alec Hernández sifts through 20 interviews Donald Trump's incoming "border czar," Tom Homan, has done to get a clearer sense of his mass deportation plans. Plus, chief political analyst Chuck Todd breaks down the opportunities and challenges facing Mike Duggan's independent bid for Michigan governor. In the past month, he has done at least 20 interviews, which have all been reviewed by NBC News. Tasked with coordinating Trump’s core campaign promise of a mass deportation, Homan has used the appearances to begin detailing how the efforts might take shape and how the administration will move its plan forward. While they are far from painting a complete picture, the interviews have given more specifics than have been offered about the deportation policy in the past.
Persons: Alec Hernández sifts, Donald Trump's, Tom Homan, Chuck Todd, Mike Duggan's, Alec Hernández, Donald Trump’s, Homan, Trump, , David Webb, The Defense Department “, ” Homan, noncooperation, “ I’ve, you’re, , Read, Mike Duggan, he’s, Gretchen Whitmer isn’t, Jocelyn Benson, Garlin Gilchrist, Duggan, there’s, aren’t, Dan Gilbert, Jamie Dimon, Gilbert, Dimon, Benson, Gilchrist, Pete Buttigieg, , Chuck → 🗞️, , ej, ove Organizations: NBC, White House, Capitol, Michigan, Senate, White, NBC News, ., The Defense Department, Fox Business, Cooperation, Trump, Democratic, ICE, Fox News, Detroit, Democrat, Gov, Rocket Mortgage, JPMorgan Chase Locations: Washington, Michigan, Detroit
The New York Police Department is now looking into whether a denied insurance claim related to that injury played a role in the shooting, Chief of Detectives Joseph Kenny told Fox News on Tuesday. Refusals to pay for care are more common for people with employer-based health insurance or private insurance compared to people with public insurance, such as Medicare and Medicaid. Another KFF report published last year found nearly 17% of in-network claims were denied in 2021 among people with Obamacare coverage. When patients get denied, Gaffney said, they may not think to appeal, leaving them with medical debt. “Our health care is not seen as a right.
Persons: Luigi Mangione, Brian Thompson, Joseph Kenny, , ” Kenny, KFF, Adam Gaffney, they’ll, Gaffney, ” Gaffney, there’s, , Arthur Caplan, it’s, ” Caplan Organizations: New York Police Department, Fox News, Cambridge Health Alliance, CommonWealth Fund, of Health, Law, NYU Langone Medical Locations: U.S, Massachusetts, New York City
Federal officials Wednesday rejected claims the mysterious drones spotted in New Jersey are coming from an Iranian "mothership." That mothership is off … the East Coast of the United States of America. “There is no Iranian ship off the coast of the United States, and there’s no so-called mothership launching drones towards the United States,” she said. Phil Murphy should declare a state of emergency and issue an executive order banning recreational drone use at night. “Residents are increasingly alarmed by the surge in drone activity after dark, raising concerns about public safety and security,” Golden said.
Persons: Jeff Van Drew, Drew, They’ve, ” Drew, , Sabrina Singh, Drew’s, , Singh, Monmouth County Sheriff Shaun Golden, Phil Murphy, Golden Organizations: Fox News, Defense Department, Transportation, Infrastructure, AP Pentagon, Monmouth County Sheriff, New, New Jersey Gov, , Air National Guard Locations: New Jersey, Iranian, Iran, East Coast, United States of America, Flanders, N.J, United States, Monmouth County
The United Kingdom on Wednesday indefinitely banned new prescriptions of puberty blockers to treat minors for gender dysphoria. The announcement comes a week after the U.S. Supreme Court heard oral arguments in a case involving state bans on puberty-suppressing medication and other forms of transition-related care for minors. Puberty blockers are commonly prescribed to transgender children in countries throughout the Western world to delay the onset of puberty or pause it as it is transpiring. A temporary ban on new puberty-blocker prescriptions for British minors experiencing gender dysphoria was already put in place over the summer. The U.K. ban comes as the U.S. Supreme Court weighs the constitutionality of a Tennessee ban on gender-affirming care for minors.
Persons: Wes Streeting, Dr, Hilary Cass, Cass, , ” Iris Duane, Organizations: U.S, Supreme, England’s National Health Service, Health, Social, Human Medicines, Labour, Britain’s Locations: Kingdom, Britain, Tennessee, U.S
But Oscar-winning actress Ariana DeBose — who plays Kraven’s trusted friend Calypso in Sony’s new Spider-Man universe movie “Kraven the Hunter”— wants you to rethink what you know about this supervillain. DeBose says the movie shows complicated characters who are neither good nor evil, but shades of gray cutting both ways. “Kraven the Hunter” releases nationwide Friday, and director J.C. Chandor features a Kraven who is a superhuman killer and a conservationist, as well as a fierce protector of his family. “This film is all about motives and understanding why these characters are doing what they’re doing,” DeBose said. “Kraven the Hunter” is the first Spider-Man universe movie from Sony to get an R rating.
Persons: He’s, Oscar, Ariana DeBose —, Kraven’s, Calypso, Hunter ” —, , , Kraven, Aaron Taylor, Johnson, DeBose, Hunter, J.C, ” DeBose, Fred Hechinger, Russell Crowe, “ Kraven, Hunter ”, ‘ who’s, , you’re, Anita, Steven Spielberg’s, Lin, Manuel Miranda’s Tony, “ Hamilton, Ke Huy Quan, Maleficent, That’s Organizations: NBC News, Sony Marvel, Sony, Latina, Marvel
Gerry Turner, star of the "The Golden Bachelor," says he's been diagnosed with an incurable form of bone marrow cancer. So that weighs heavily in every decision I make," Turner told People. Turner told People he hopes news of his diagnosis will compel the public to "look at things a little bit differently now." As Jan. 4 - the ex-couple's wedding anniversary - approaches, Nist told People that the occasion is "bittersweet." Despite this, Nist told People that she wishes Turner the best and knows he was in a "very difficult situation."
Persons: Gerry Turner, he's, Gerry, there’s, Turner, Waldenström’s macroglobulinemia, Theresa Nist, Theresa, That’s, it’s, would’ve Organizations: Mayo Clinic, People, Nist, Morning America Locations: Fort Wayne, Indiana, New Jersey, Charleston , South Carolina
A California woman was fatally shot by her 2-year-old toddler, leading to the arrest of her boyfriend who is accused of failing to properly store the weapon, Fresno police said this week. Cervantes called the shooting a “tragedy” that was “preventable.”Jessinya Mina. Mina’s boyfriend, Andrew Sanchez, 18, spoke to investigators and said he was responsible for the 9 mm gun being found by the 2 ½-year-old toddler. Sanchez was booked into jail on charges of child endangerment and criminal storage of a firearm, both felonies, police said in a statement. The incident, Cervantes said, is a grim reminder for gun owners to be diligent about where they store their weapons.
Persons: Jessinya Mina, Paul Cervantes, Cervantes, Jessinya, ” Cervantes, Andrew Sanchez, Mina, Sanchez Organizations: Fresno Street, Fresno Police, Prosecutors, Fresno Police Department Locations: California, Fresno, Jessinya Mina
WASHINGTON — In legacy mode, outgoing President Joe Biden’s White House is warning the Republicans who are about to take power against repealing his biggest achievements. During his 2024 campaign, Trump said, “We will rescind all unspent funds under the misnamed Inflation Reduction Act.”Republicans won a 53-seat Senate majority and a slim House majority of 220-215 in the 2024 elections. Other Republicans say there are plenty of other places for the GOP to find cuts to finance their multi-trillion-dollar effort. Murphy said he also favors slashing Affordable Care Act subsidies under the Inflation Reduction Act, which the Biden administration has used to limit insurance premiums for many in the middle class. “I think a lot of it needs to go away.”Asked whether the slim margins could hinder House Republicans when it comes to passing the major party-line measures, Rep. Byron Donalds, R-Fla., said it’s a familiar dynamic for them.
Persons: Joe Biden’s, Biden’s, ” Andrew Bates, Donald Trump, , Trump, don’t, we’ve, ” Bates, Sen, Thom Tillis, , Greg Murphy, Murphy, Biden, Byron Donalds, it’s, ” Donalds Organizations: Big Pharma, White House, NBC News, Biden, Republicans, Trump, GOP, ” Republicans, Medicare, Republican, Finance, Democratic Locations: WASHINGTON, China,
WASHINGTON — FBI Director Christopher Wray plans to resign at the end of the Biden administration, as President-elect Donald Trump takes office, Wray told bureau employees on Wednesday. "I mean, it would sort of seem pretty obvious that if Kash gets in, he’s going to be taking somebody’s place, right?" Trump said, responding to a question about whether he would fire Wray if he didn't resign on his own. Wray, a Republican, was appointed by Trump in 2017 after the then-president fired James Comey as FBI director. And what absolutely cannot, must not change is our commitment to doing the right thing, the right way, every time."
Persons: Christopher Wray, Biden, Donald Trump, Wray, , I’ve, ” Trump, Kash Patel, Trump, Kash, James Comey, Comey's, Robert Mueller, Mueller, , that’s, Organizations: WASHINGTON, NBC, Republican, Trump, FBI, Capitol Locations: Mar, United States
Even when those circumstances existed, though, agents had to get approval from superiors in order to plan an arrest in a sensitive location. The idea that Trump might allow ICE agents to arrest anywhere, even inside schools and houses of worship, without the current limitations began circulating in Project 2025, a list of policy proposals distributed by the Heritage Foundation prior to the election. Some church leaders say they have faced harassment for providing sanctuary space to migrants and are already having conversations about the impacts of a policy change on sensitive locations. The church leader asked that NBC News not use their name because of safety concerns for their congregation. One former DHS official said change the sensitive locations policy might be welcome news for some agents who have felt stymied by restrictions on where they can operate and felt the policy was “abused” by wanted individuals in the past.
Persons: Donald Trump, , John Morton, ” Lee Gelernt, Trump, , Trump’s, John Kelly, Organizations: Trump, Customs, Biden, American Civil Liberties Union, ICE, Heritage Foundation, NBC, DHS, Church World Service Locations: Arizona, America
Tasked with coordinating Trump’s core campaign promise of a mass deportation, Homan has used the appearances to begin detailing how the efforts might take shape and how the administration will move its plan forward. Homan has not been as direct as Trump has about how he sees the military’s role in the operation he will oversee. Tom Homan, who does not have to face Senate confirmation, has been going on Fox News and other conservative outlets to talk about Trump's plans on immigration. Funding mass deportationA major outstanding question, however, remains how the incoming Trump administration would fund a deportation scheme at that large a scale. “For those governors and mayors who are saying they’re going to stop Tom Homan, they’re going to stop President Trump: Shame on you,” Homan said on Fox News on Nov. 20.
Persons: Donald Trump’s, Tom Homan, Homan, Trump, Sen, JD Vance, Ohio, ” Homan, Fox News ’ “ Hannity, , we’re, , “ Ingraham Angle, “ I’m, they’ll, Joe Biden, Lloyd Austin, Biden, David Webb, The Defense Department “, Melina Mara, I’ve, “ I’ve, Phil McGraw, Phil, McGraw, we’ve, you’re, Jesse Watters ’, Pam Bondi, It’s, Greg Abbott, , José Raúl Mulino, Eric Adams, Adams, Adams “, We’re, I’m, Ingraham, Kristen Welker, noncooperation, they’re, doesn’t Organizations: Senate, White, ICE, Trump, NBC News, , Fox News, Democratic, Defense, The Defense Department, DOD, Washington, Getty, Fox Business, CBP, Customs, Cooperation, White House, Jesse Watters ’ Fox News, Gov, New York, Yorkers, Republicans, Politico, CBS, , NBC, Press Locations: Eagle, , Texas, New York, Chicago, “ Chicago
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