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☆ FTC Chair Lina Khan takes victory lap on blocking Nvidia-Arm merger
▼ + stars: | 2024-02-27 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan speaks during the New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Federal Trade Commission Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of how blocking mergers can lead to increased innovation. The evidence, Khan said, is in the company stock prices. Nvidia's value has nearly tripled mostly on the strength of sales of its AI chips for servers such as the A100 and H100. Arm stock has more than doubled since the company went public in August 2023, although SoftBank still owns 90% of the company's shares.

Persons: Lina Khan, Khan, SoftBank Organizations: Federal Trade, New York Times, Nvidia, Bloomberg, FTC, Apple, Google, Qualcomm, Investors, CNBC PRO Locations: New York City, U.S, Europe, Asia

☆ People with shovels descended on a protected sand dune after influencers said they'd buried $1,000 in a suitcase there
▼ + stars: | 2024-02-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe organizers of a Canary Islands music festival have been fined after a promotional stunt saw dozens of people trying to find a suitcase with 1,000 euros, about $1,085, buried in a protected sand dune, according to local reports. The event aimed to create buzz around the DN7 Festival, set to be held in March at a stadium in Maspalomas, a tourist resort on Gran Canaria, El País reported. The dunes are considered a special natural reserve with "incalculable ecological value," according to the official tourism website for the island. Even so, Gran Canaria said it was fining the festival roughly $650 for breaking the rules, according to the outlet.

Persons: —, El País, Maspalomas, ross, ona Organizations: Service, Canary, Gran Canaria, Business Locations: Maspalomas, Gran, El, London, las

☆ House GOP's budget 'poison pills' could force spending cuts, rattle economy
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

House Republican hardliners' efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy's already fraught recovery. A full-year budget deal to avert the FRA cuts appears increasingly unlikely, amid staunch opposition from the House's ultraconservative wing. Freedom Caucus derailmentMembers of the House Freedom Caucus, a coalition of hardline conservatives, have been working to derail a permanent budget. Instead, they want to extend the current temporary spending resolution through the rest of the fiscal year, ensuring the FRA's spending cuts are triggered on April 30. But if the FRA's automatic spending cuts take effect, they could rattle the broader economy's teetering recovery.

Persons: Mike Johnson, Jake Sullivan, economy's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Jan, Johnson, Kevin McCarthy, McCarthy, McConnell, Piper Sandler, Nancy Lazar, Lazar, Sen, Patty Murray Organizations: National Security, U.S, Capitol, House Republican, Congressional Research Service, Caucus, Democrat, Freedom Caucus, Congressional Locations: Washington ,, stonewall, D

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ Ex-N.Y.U. Official Admits She Stole Public Money to Add Pool at Her Home
▼ + stars: | 2024-02-27 | by ( Ed Shanahan | ) www.nytimes.com time to read: +1 min

A former New York University administrator admitted on Tuesday to spending $80,000 in public money meant for minority- and women-owned businesses on a swimming pool at her Connecticut home as part of a broader $3.5 million fraud she orchestrated, officials said. The former administrator, Cindy Tappe, made the admission while pleading guilty to second-degree grand larceny, court records show. Under a plea agreement with the Manhattan district attorney’s office, she will be sentenced to five years’ probation and must pay $663,209 in restitution to cover the full sum of money she diverted for personal expenses. Ms. Tappe’s “fraudulent actions not only threatened to affect the quality of education for students with disabilities and multilingual students, but denied our city’s minority- and women-owned business enterprises a chance to fairly compete for funding,” Alvin L. Bragg, the Manhattan district attorney, said in a statement. Deborah Colson, Ms. Tappe’s lawyer, said in a statement that her client “strongly regrets her misconduct.”

Persons: Cindy Tappe, Tappe’s, ” Alvin L, Bragg, Deborah Colson, Ms, ” Organizations: New York University Locations: Connecticut, Manhattan

☆ Jam Master Jay killing: 2 men found guilty of murder in 2002 killing of Run-DMC’s DJ
▼ + stars: | 2024-02-27 | by ( Eric Levenson | Jeff Winter | ) edition.cnn.com time to read: +6 min

CNN —Two men were found guilty of murder Tuesday in the 2002 killing of Jam Master Jay, the pioneering DJ of the groundbreaking hip hop trio Run-DMC, in a case that for decades frustrated detectives and music fans alike. Ronald Washington, Jay’s childhood friend, and Karl Jordan Jr., Jay’s godson, were convicted of murder while engaged in narcotics trafficking and firearm-related murder. G. Paul Burnett/APThe verdict comes more than 20 years after Jam Master Jay, born Jason Mizell, was fatally shot at a recording studio in Jamaica, Queens, on October 30, 2002. They know who killed Jam Master Jay. How Jam Master Jay pioneered a new soundThe trial comes four decades after Jam Master Jay teamed up with Queens friends Run (Joseph Simmons) and DMC (Darryl McDaniels) to form the hip hop group Run-DMC.

Persons: Jay, Ronald Washington, Karl Jordan Jr, Jay’s, “ Y’all, ” Washington, Jordan, “, ”, Carlis Thompson, “ It’s, “ Jason, I’m, ” Jordan, Jason Mizell, Paul Burnett, Jay Bryant, Bryant, Breon Peace, Uriel Rincon, Artie McConnell, “ Jay Bryant, Michael Hueston, Susan Kellman, Washington’s, they’d, Mizell, Joseph Simmons, Darryl McDaniels, Aerosmith, Tricky, “ King Organizations: CNN, Garden, Eastern, of, WABC, Queens, Adidas, Stone, Duo, Hall of Fame, MTV, of Fame Locations: Washington, New, Jamaica, Queens, of New York, Jay

☆ Democrats Reject Bipartisan Map and Will Redraw N.Y. House Districts
▼ + stars: | 2024-02-26 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Democrats seized control over drawing New York’s congressional districts on Monday, rejecting a map proposed by the state’s bipartisan redistricting commission in favor of drafting new lines that could make key swing seats more Democratic. On a day of high drama inside the State Capitol in Albany, party leaders argued that the Senate and Assembly had no choice but to reject the commission map in lopsided votes because it improperly split counties, broke up naturally occurring communities and favored incumbents. But in private conversations, they made little effort to hide their true objective. The exact contours of the replacement districts remained to be seen Monday afternoon. State lawmakers were expected to release a draft of the replacement map as soon as Monday evening, teeing up a vote to approve it later this week.

Organizations: Democratic, Capitol, Assembly, Legislature, Republicans Locations: Albany, New York, Washington, Long Island, Syracuse

☆ Should You Consider Buying Your Childhood Home?
▼ + stars: | 2024-02-26 | by ( Joanne Kaufman | ) www.nytimes.com time to read: 1 min

Recalling those sounds makes Ms. Gorgano smile. So is Ms. Gorgano. She is in the process of buying the four-bedroom house in Commack, N.Y., from her mother, who now divides her time between Florida and her partner’s Long Island condo. “Financially it made sense,” said Ms. Gorgano, 25, a speech pathologist, who is buying the house for about $600,000 with her boyfriend and co-buyer Mike Stillman. It’s less than what she would get if she was selling it to a stranger,” Ms. Gorgano added.

Persons: Jen Gorgano’s, ”, Gorgano, Mike Stillman, “, Ms, She’s Locations: Commack, Florida

☆ Opinion | Defending Academic Freedom on Campus
▼ + stars: | 2024-02-26 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Academic Freedom Under Fire,” by Jennifer Schuessler (The Arts, Feb. 17):Reading this article one might think that the only people concerned about academic freedom are newly formed faculty groups that have “sprung up” at Harvard, Yale and Columbia. In fact, the American Association of University Professors, with about 43,000 members, has defined and defended academic freedom since 1915. The vast majority of higher education faculty members today are in contingent appointments. They are not eligible for tenure, and so most have no protection when they are disciplined as a result of violations of academic freedom. has advocated a robust concept of academic freedom.

Persons: Jennifer Schuessler Organizations: Harvard, Yale, American Association of University, Penn, Columbia, Rutgers Locations: Columbia, A.A.U.P, N.Y.U, Cornell

Jeenah Moon for The New York TimesIn a tidy suburban apartment complex on Long Island, a Venezuelan mother of two surveyed her new home and declared herself blessed. Sury Saray Espine and her family had spent 13 months in a homeless shelter in New York City. Now, in early February, they were moving into a one-bedroom in Central Islip with a galley kitchen and access to a swimming pool. Best of all, the state would pay their rent for a year, through a resettlement program designed to house 1,250 migrant families at a fraction of the cost of keeping them in New York City’s overflowing shelters. The family’s experience, however, has been an anomaly.

Persons: Sury Saray Espine Organizations: The New York Times Locations: Long, Venezuelan, New York City, Central Islip, New York

So The New York Times asked more than 5,300 people in the U.S. with this heritage how they describe themselves …No Box to Check: When the Census Doesn’t Reflect YouEgyptian, Iranian, Lebanese, Amazigh, Arab, American. In the 2020 census, “Lebanese” and “Egyptian” were offered as examples for the “white” box on the race question. The other categories were “Black or African American,” “American Indian or Alaska Native,” “Native Hawaiian or other Pacific Islander” and a variety of Asian ancestries. After all, there’s no agreed-upon set of countries or ethnicities that would fall under a Middle Eastern and North African category. The chart shows these responses after the MENA category was added: 69% chose “MENA,” 15% chose “MENA, White,” 3% chose “Another Race,” 5% chose “White” and 8% chose other combinations.

Persons: Brown, New York Times callout, Biden, ”, —, “, ” Martin Zebari, ” Samera Hadi, ” Imene Said Kouidri, ’ ” Faisal Ali, ” Joseph Hallock, Maya Berry, there’s, Margo J, Anderson, “ You’re, Tiffany Kindratt, ” Khelil, ‘, Dusty Haddad, “ White, Jeffrey S, ” Nadine Naber, Naber, I’m, ” Ceylan Swenson, ” Blake Bachara, ” Amin Younes, We’re, ” Rita Obeid, Barack Obama, It’s, ” Thomas Simsarian Dolan, ” Gabrielle Barbara Guliana, Christina Boufarah, I’ve, ” Michele Magar, ” Soufiane, ” Azita, Moustafa, ” Nawar Organizations: U.S ., New York Times, Arab, Israel, American Community, Management, Federal, Arab American Institute, University of Wisconsin, Census Bureau, Survey, North, Cornell University, Centers for Disease Control, Prevention, University of Texas, The Times, Times, Pew Research, University of Illinois, Bureau, West Virginian Locations: Eastern, Sudanese, Southwest, U.S, East, North Africa, United States, Michigan, Gaza, Europe, Lebanese, Alaska, American, MENA, Milwaukee, —, Arlington, America, White, University of Illinois Chicago, Chicago, Lebanon, Iran, N.Y.C, Israel, Turkey, Southwest Asia, Afghanistan, Armenia, West, I’m

☆ The 10 most deeply discounted electric cars right now
▼ + stars: | 2024-02-25 | by ( Nora Naughton | ) www.businessinsider.com time to read: +2 min

Discounts are getting bigger after it got harder to qualify for the $7,500 tax credit. In order to deal with a slowdown in demand for big, expensive electric cars — and dwindling federal incentives — dealers and manufacturers are pouring on discounts. By the end of last year, electric cars were seeing some of their highest discounts ever, according to Kelley Blue Book. Changes to requirements for a $7,500 electric vehicle tax credit have also put more responsibility on the dealer and the manufacturer to discount prices. We asked Edmunds for a list of the most discounted electric cars in January.

Persons: —, Elon, Kelley, Edmunds Organizations: EV, Service, Tesla

☆ Casimir Funk is today's Google Doodle: What to know about the genius who created the term 'vitamins'
▼ + stars: | 2024-02-23 | by ( Renée Onque | ) www.cnbc.com time to read: +2 min

If you take a multivitamin every day or a vitamin D supplement every now and then, you have Casimir Funk to thank. Born Kazimierz Funk on Feb. 23 in 1884, the Polish-American biochemist introduced the concept of vitamins, which he called "vital amines," according to Google. "In his later research, Funk studied animal hormones and contributed to the knowledge about hormones of the pituitary and sex glands, emphasizing the importance of balance between hormones and vitamins." Funk's family describes him as someone who was a "driven and curious child," according to Google. But Funk was also a family man who valued time with his loved ones, even after becoming well-known for his discoveries, his family told Google.

Persons: Casimir Funk, Kazimierz Funk, Funk Organizations: Google, American Nutrition Association, Nutrition, of Fame, University of Bern, University of Berlin, Pasteur Institute Locations: Polish, American, Europe, Switzerland, Paris, Albany, N.Y

☆ Here are Friday's biggest analyst calls: Rivian, DraftKings, Nio, Fox, Carvana, Pfizer and more
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: UBS double-downgrades Rivian The firm said to sell the electric vehicle maker's stock, joining a growing group of concerned analysts following the company's earnings report. Raymond James upgrades Carvana The investment bank moved Carvana to market perform from underperform following the fourth-quarter earnings results. Guggenheim initiates Pfizer The firm opened coverage of the biopharmaceutical stock with a buy rating and $36 price target. " Rosenblatt initiates Adeia The firm began coverage with a buy rating and $15 price target. Roth MKM initiates CPI Card Group Roth MKM started coverage of the financial technology stock with a buy rating and $40 price target.

Persons: Ross, ROST, Raymond James, EBITDA, 4Q23, Guggenheim, ATNI, Morgan Stanley, Brighthouse, Rosenblatt, Roth MKM, Fred Imbert Organizations: UBS, Barclays, CNBC, Citi, Fox, JV, Ross, Price, Pfizer, DRG, Equitable, JPMorgan, Traction, JPMorgan downgrades Locations: 1Q24, Xperi, 4Q22

☆ Ford stopped shipping F-150 Lightning electric pickups
▼ + stars: | 2024-02-23 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +1 min

CNN —Ford stopped shipping its all-electric F-150 Lightning pickups and has been holding them for quality inspections since February 9. Ford recently began shipping new 2024 model year F-150 gasoline-powered and hybrid trucks. Ford dealers currently have F-150 Lightning trucks in their inventory, Berg said, so customers should be able to find trucks to buy until shipments start again. Almost exactly one year ago, Ford halted Lightning production because of a possible battery issue. Last year, Ford sold slightly more than 40,000 Mach-E SUVs.

Persons: CNN — Ford, Emma Bergg, Ford, Berg, Jim Farley Organizations: CNN, Ford, Automotive News, Tesla Locations: America

☆ These stocks are well positioned for when the Federal Reserve starts cutting rates, Barclays says
▼ + stars: | 2024-02-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

This would likely push the Federal funds target range to between 4.5% to 4.75% by the end of this year, he said. Take a look at the stocks Barclays thinks are best-positioned for lower rates later this year. Darden Restaurants is one of the consumer names Barclays believes can outperform when the Fed loosens rates. Clothing retailer Gap is another stock Barclays believes will be a rate-cut cycle winner. GPS YTD mountain The Gap shares in 2024 Agribusiness company Bunge also made the cut.

Persons: Terrence Malone, Malone, Jeff Bernstein, Bernstein, Jason Goldberg, Goldberg, Adrienne Yih, Bunge, Ben Theurer, —, Michael Bloom Organizations: Barclays, Darden, Olive Garden, LongHorn, Fifth, Bancorp, Old Navy, Banana, Analysts, Bunge Locations: Olive, Banana Republic

☆ Review: Dancing Out ‘Goldberg’ With a Nod to John Travolta
▼ + stars: | 2024-02-23 | by ( Gia Kourlas | ) www.nytimes.com time to read: +1 min

Images of women testing their bodies’ endurance have been swirling about the universe lately. For “The Goldberg Variations, BWV 988,” De Keersmaeker is joined by the young Russian-born pianist Pavel Kolesnikov. On paper, De Keersmaeker’s version of “Goldberg Variations” is a solo. This “Goldberg” is stark and simple, painting a choreographic picture full of shadows and light that mercifully loosens up over time. So does De Keersmaeker, a respected experimentalist based in Brussels, who has turned to Bach several times over the course of her career.

Persons: Taylor Swift, Madonna, Anne Teresa De Keersmaeker, ” De Keersmaeker, Pavel Kolesnikov, “ Goldberg, Goldberg, Bach Locations: Russian, Brussels

☆ N.Y.C. Protest Calling for Gaza Cease-Fire Targets Pro-Israel Senators
▼ + stars: | 2024-02-22 | by ( Hurubie Meko | Olivia Bensimon | ) www.nytimes.com time to read: +1 min

More than a dozen people were arrested Thursday evening during a peaceful pro-Palestinian protest inside a Manhattan building where Senators Chuck Schumer and Kirsten Gillibrand, Democrats of New York, have offices. Those attacks killed at least 1,200 Israelis, according to Israeli officials; Israel’s subsequent military operation in Gaza has killed 29,000 Palestinians, according to Gazan health officials. The mounting death toll and humanitarian crisis in Gaza have prompted international calls for a cease-fire. By about 3:30 p.m. Thursday, several hundred protesters had gathered at Dag Hammarskjöld Plaza, in front of the United Nations headquarters, where the United States this week cast the lone vote against a resolution calling for an immediate cease-fire in the Gaza Strip. It was the third time the Biden administration had blocked similar resolutions, signaling its continued support of Israel.

Persons: Chuck Schumer, Kirsten Gillibrand, Biden Organizations: Jewish Voice, Peace, United Nations Locations: Manhattan, New York, New York City, Israel, Gaza, Dag, United States

☆ 23-year-old's dorm room side hustle brings in $124,000 a year: 'You can start with as little as $5'
▼ + stars: | 2024-02-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

After making $200 off her own used clothes, she turned to some of her favorite places to shop: thrift stores. Much of her business' growth came from her dorm room at Duke University, where she graduated last year with a degree in psychology. I had maybe 200 or so items in my dorm room my sophomore year, and now I have 1,300 items [in a storage unit]." How much cash do you need to start a thrifting side hustle? [In terms of the thrifting], you can start with as little as $5.

Persons: they've, Sophie Riegel didn't, I've, Riegel, she's, She's, —, you've, You've Organizations: CNBC, eBay, Duke University, YouTube Locations: AskMakeIt@cnbc.com

☆ Rivian's future hinges on its upcoming R2 — here's what we know about the EV and why it's so important
▼ + stars: | 2024-02-22 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

We'll learn more about the R2 at Rivian's March 7 reveal event. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Debuting next month, the R2 is a crucial piece of Rivian's future as a smaller and cheaper option for a new wave of EV customers. The R2 is currently slated to sell for between $45,000 and $55,000 — which Scaringe called a "really important sweet spot" in the EV market. DeliveriesAfter the March 7 reveal, Rivian will open up pre-orders for the vehicle and begin taking deposits.

Persons: —, RJ Scaringe, Rivian, Rivian hasn't, Scaringe Organizations: Rivian's, Service, Tesla, Volkswagen Locations: Georgia

☆ Sanctuaries Can Protect Animals From Abuse, but Not From Climate Change
▼ + stars: | 2024-02-22 | by ( Hilary Howard | ) www.nytimes.com time to read: 1 min

About 18 months ago, Catskill Animal Sanctuary in Saugerties, N.Y., rescued 42 neglected and ailing sheep. Many were anemic and had foot rot, a contagious bacterial disease that can be life-threatening if left untreated in wet environments. For the animals to recover, they should be in a clean and dry place, said Kathy Stevens, the 150-acre sanctuary’s founder and executive director. But the sheep and their new caretakers faced a rapidly developing problem: soggy pastures and flooding barn stalls. Increased rainfall, among the weather distortions caused by climate change, has finally forced the sanctuary to search for a new home, a predicament shared by a growing number of animal refuges across the United States.

Persons: Kathy Stevens Locations: Catskill, Saugerties, United States

☆ N.Y. Attorney General Urges Stricter Warnings for Asthma Drug
▼ + stars: | 2024-02-22 | by ( Christina Jewett | Benjamin Mueller | ) www.nytimes.com time to read: +1 min

The New York attorney general on Thursday urged the Food and Drug Administration to “take immediate action” and renew alerts to doctors and patients about the dangerous effects of Singulair for children, saying that the current warnings about the drug’s psychiatric side effects were not sufficient. In a letter, the attorney general, Letitia James, also called on the federal agency to consider discouraging the prescription of Singulair, an asthma and allergy drug, to children. Thousands of patients and parents have complained to the F.D.A. about symptoms of anxiety, rage, hallucinations and other psychiatric problems that they linked to the drug, which is also known in its generic form as montelukast. in 2020 to order its most stringent warning on instructions for the drug’s usage.

Persons: Letitia James Organizations: New, Food and Drug Administration, New York Times Locations: New York

☆ Millennials have been priced out of buying homes, and are venting that they can't afford rent either
▼ + stars: | 2024-02-22 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

Read previewFirst millennials were priced out of buying homes, and now they can't even afford their rent. In another recent video, Ora Hardesty tearfully said that for the first time ever she wouldn't be able to afford rent. "I don't have a lot of lavish things, I don't go on vacations, and I don't spend a lot." Rents are higher than ever, and millions of millennials are spending the majority of their paychecks on their housing. AdvertisementAccording to real-estate experts, millennials are in a perfect storm, tackling a slew of financial woes at once.

Persons: —, Kaitlin Murray, she'd, it's, Ora Hardesty, Alana Lindsay, Coldwell Banker Warburg, Omer Reiner, Rashi Malhotra, Lee Davenport, Whoopi, Whoopi Goldberg Organizations: Service, Business, Coldwell Banker, BI Locations: Boston, New York, Savannah , Georgia, United States

☆ Photos show never-before-seen sea creatures living in an underwater mountain that dwarfs the Himalayas
▼ + stars: | 2024-02-22 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

That was certainly the case during a recent Schmidt Ocean Institute expedition. ROV SuBastian/Schmidt Ocean Institute"Most of the seafloor is still unknown to us," Virmani said, with only about 25% of it mapped in detail. "That work will take place in a lab environment where they'll do some more in-depth study to confirm that these are new species," Virmani said. ROV SuBastian/Schmidt Ocean InstituteEnthusiasts hoping to get a peek at more deep-sea creatures will have a chance starting February 24. The Schmidt Ocean Institute, started by Wendy Schmidt and former Google CEO Eric Schmidt, will launch another expedition with the Research Vessel Falkor (too).

Persons: —, Javier Sellanes, Salas, Jyotika Virmani, Virmani, Juan, Schmidt, Alex Ingle, Wendy Schmidt, Eric Schmidt Organizations: Service, Schmidt Ocean Institute, Mount Fuji, Business, Schmidt Ocean, Mar, YouTube, Research Locations: Chile, Hawaii

☆ Voices from Inside America’s Homelessness Crisis - The New York Times
▼ + stars: | 2024-02-21 | by ( ) www.nytimes.com time to read: +8 min

Homelessness is highest in cities with exorbitant rents, but small cities and rural communities are not shielded from the housing crisis. Because rural America lacks many social services, like free clinics, soup kitchens and shelters, the rural homeless often make their way to places like the Water Street Mission. We spoke with several people staying at the Water Street Mission, some of whom were there for the first time and some who had sought refuge there many times before. Levon Higgins, 50, has been staying at Water Street for the last six months : I just couldn’t afford to live where I was. Jennifer Berrie, 45, was staying in an overnight-only shelter before Water Street : I miss little things you don't even think of.

Persons: James Costello, They’re, ”, you’ve, Tamekia Gibbs, Levon Higgins, It’s, I’ve, Tamekia Gibbs Rob Travis Jackson, Evelyn, You’re, Jennifer Berrie, “, Rob Travis Jackson, that’s, they’ve, Shawna Organizations: Homelessness, Services Locations: America, Lancaster, Pa, Water

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