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☆ Inside the buzzy newsletter a Netflix assistant launched to create a ‘blueprint’ for breaking into Hollywood — featuring tea from workers at Disney, CBS, and more
▼ + stars: | 2023-07-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.

Persons: Cathy Campo, Campo, she's, —, Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York

☆ PGA Tour defends LIV Golf deal ahead of Senate hearing
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Streeter Lecka | Getty ImagesThe PGA Tour has begun its public defense of its deal with Saudi-backed LIV Golf ahead of a key Senate hearing slated for this week. "Given the well-chronicled legal disputes that have existed between the PGA Tour and PIF, we understand the fair and valid questions raised by PGA Tour members, Tour partners, media, fans and now Congress," Price said in the op-ed. Stephenson stepped down as lawmakers appeared likely to start a broad probe into the merger between the PGA Tour and LIV, beginning with Tuesday's Senate hearing. Defending the dealLast month, the PGA Tour and PIF's LIV Golf, as well as Europe's DP World Tour, agreed to merge. The majority of the board that leads the PGA Tour Enterprises will be appointed by the tour and run by Monahan.

Persons: Streeter Lecka, LIV Golf, Ron Price, Price, Randall Stephenson, Stephenson, LIV, Sen, Richard Blumenthal, Ron Johnson, Jay Monahan, Jimmy Dunne, Monahan, Richard Heathcote, Rory McIlroy — Organizations: THE, Sawgrass, Saudi, Athletic, Monday, PGA, PGA Tour, AT, Senate, Senate Homeland Security, Investigations, Saudi Public Investment Fund, Getty, Saudi Arabia Public Investment, PIF Locations: Ponte Vedra Beach , Florida, Saudi, United States, Monday's

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ The 10 most prestigious private middle and high schools in New York City — and how to get in
▼ + stars: | 2023-06-01 | by ( Robin Madell | ) www.businessinsider.com time to read: +4 min

Her picks for the most prestigious in the city include The Hewitt School and Allen-Stevenson. New York City parents face an extremely challenging and competitive private-school admissions process that starts with preschool. Teacher evaluations are another critical component of New York City private-school admissions. Most schools Levey has worked with have a staff member from the math department and the language-arts department meet with the applicant. Below is Levey's ranking of the 10 most prestigious private all-girls, all-boys, and co-ed middle and high schools in New York City.

Persons: Wendy Levey, Stevenson, Levey, It's Organizations: The Hewitt School, Allen Locations: Manhattan, Stevenson . New York City, New York City

☆ New York City's public schools reverse their ban on ChatGPT — admitting it had been 'knee-jerk fear'
▼ + stars: | 2023-05-19 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

New York City public schools are lifting the ban they placed on ChatGPT in January. David Banks, chancellor of the NYC public school system, said the tool caught NYC schools off-guard. The New York City public school system is reversing its ban on ChatGPT. Several other school districts across the country placed restrictions on ChatGPT earlier this year, too, including Baltimore County Public Schools, the Los Angeles Unified School District, and Seattle Public Schools. Now, the NYC school system is saying it's ready to embrace AI in the classroom.

☆ An obituary for the Metaverse, the latest fad to join the tech graveyard
▼ + stars: | 2023-05-14 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

On the agenda today:An obituary for the metaverse, the latest fad to join the tech graveyard. BlackRock is wrestling with who could succeed Larry Fink. Also read:Who will succeed Larry Fink? BlackRock CEO Larry Fink Thos Robinson/Getty Images for The New York TimeWall Street has long been fascinated by succession stories. CEO Larry Fink, now 70-years old, has the rare distinction of leading a Wall Street behemoth he helped found.

The US could breach the debt ceiling and run out of money to pay its debts as soon as June 1. A White House official previously told Insider that Biden would stress that Congress "must take action to avoid default without conditions." Additionally, Wall Street's response to the debt-ceiling crisis is different this time around. Even so, he added, this debt-ceiling crisis "seems much more dangerous" than the ones from the Obama years. Biden has options to avoid a debt-ceiling crisis that don't involve CongressTuesday's meeting between Biden and congressional leadership aims to break through the logjam.

☆ Ed Sheeran Wins Copyright Case Over Marvin Gaye’s ‘Let’s Get It On’
▼ + stars: | 2023-05-04 | by ( Ben Sisario | ) www.nytimes.com time to read: +2 min

The case involved only the compositions underlying both tracks — the lyrics, melodies and chords that can be notated on paper — and not their recordings. For older songs like “Let’s Get It On,” copyright is limited to the sheet music, or “deposit copy,” that was originally submitted to the United States Copyright Office. Kathryn Griffin Townsend, Mr. Townsend’s daughter, who wore a tan-colored coat with the word “integrity” emblazoned on the back, said she had filed her suit to protect her father’s legacy. On Day 3 of the trial, the proceedings were interrupted when she collapsed and was taken to a hospital. When Ms. Townsend returned to the courtroom on Monday morning, Mr. Sheeran embraced her.

☆ 'Love Is Blind' is hell on earth: Contestants say producers deprived them of food and sleep, preyed on their anxieties, and refused to let them quit
▼ + stars: | 2023-04-18 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

After the 10 days, cast members must decide whether they want to get engaged to another contestant sight unseen — or go home. The season-two contestant Nick Thompson said "Love Is Blind" didn't adequately support its cast members — during or after filming. Many cast members believed "Love Is Blind" would be a cut above other reality shows. The first evening in Cancún, producers told Ruhl she couldn't attend a party for all the newly engaged couples because they thought she might have COVID-19. In a later episode he again became infuriated and threatened to leave when Reed came home late from clubbing with other cast members.

☆ A major student-loan lender is 'actively working to harm' millions of borrowers by trying to block Biden's debt relief, Elizabeth Warren and Ayanna Pressley say. They're demanding answers about this '
▼ + stars: | 2023-04-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

In March, SoFi Bank filed a lawsuit to end the latest extension of the student-loan payment pause. SoFi argued in its complaint that it has suffered financial harm directly resulting from the payment pause. "Indeed, your company has thrived during the pandemic payment pause, and you have been richly rewarded. "SoFi's lawsuit against ED is a dangerous and cynical ploy to prevent millions of borrowers from obtaining relief," they added. Additionally, as Warren and Pressley referenced, the lawsuit was not entirely unexpected — Noto said in February that the latest payment pause extension will "subsidize people that don't need it."

☆ CNBC Daily Open: Markets rallied because nothing broke yesterday
▼ + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

For markets still reeling from the banking crisis, no news is good news. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Or perhaps it was precisely the lack of any significant event that cheered markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Nothing broke yesterday. Markets cheered
▼ + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ Donald Trump is privately musing about a potential perp walk in New York and asking aides if he should smile for the camera: report
▼ + stars: | 2023-03-22 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Trump said privately at Mar-a-Lago that he looks forward to doing a perp walk, per The New York Times. However, it is unlikely that he will be handcuffed or have to do a perp walk. However, a perp walk is not likely to happen if Trump is charged with a crime. Bill Pickle, a former Secret Service special agent, told Insider's Laura Italiano that the perp walk Trump is looking forward to won't happen. The Times reported that he was spotted rolling around on his golf cart and that he also DJ-ed at a party held at his Florida residence.

☆ Biden promised 'no more drilling on federal lands, period.' He just broke that pledge to approve a massive oil project in Alaska.
▼ + stars: | 2023-03-13 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

On the campaign trail in 2020, Biden promised to ban all new oil drilling on federal land. But he just broke a key campaign pledge to stop all new oil drilling on federal land in a major way. A Biden administration official insisted that the government's hands were tied by leases granted to ConocoPhillips by prior administrations. Despite these protections, the Willow project is expected to come with significant environmental costs, aside from contributing to planet-warming emissions. March 13, 2023: This story has been updated with comment from a Biden administration official.

☆ Why the resilient US economy is making it difficult for stock investors to thrive
▼ + stars: | 2023-02-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The recent stock rally is crumbling as inflation data shows the Fed still has more work to do. But data also shows the economy is strong, and that could help the US avoid a recession. But investors aren't cheering for a strong economy. This follows data earlier in the month that showed the US economy has been resilient in the face of higher interest rates. And, ultimately, the Fed will have the last word for stocks, even if the economy holds up to its aggressive policy.

☆ Stock market investors need to start worrying about Americans running out of savings, SoFi strategist says
▼ + stars: | 2023-02-17 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

That could stop this year's stock market rally in its tracks, according to SoFi's Liz Young. “What the equity market is not pricing in at this point, or is not worried enough about, is consumer spending,” she said Thursday. "I question some of the narrative around us having all these pent-up savings and sitting on these stockpiles of cash," Young said. It also bucks the stock market itself, which has surged at the start of 2023. Read more: The prediction war between stock market bulls and bears is reaching a feverish pitch.

☆ Blame the CEO for Tech Layoffs at Google, Facebook, Salesforce, Amazon
▼ + stars: | 2023-02-06 | by ( Ed Zitron | ) www.businessinsider.com time to read: +10 min

CEOs made mistakes, workers bear the bruntIn their layoff announcements, pretty much every tech company placed the blame for the cuts on the economy. While they may protect the CEO's reputation or placate investors, layoffs are immensely damaging for workers, even well-paid tech employees. With great power comes no responsibilityThe blame-shifting of these tech companies and their CEOs is not unprecedented, or even that uncommon. CEO pay skyrocketed by 1,460% from 1978 to 2021, and the ratio of average-worker pay to CEO pay ballooned from 20-to-1 in 1965 to 399-to-1 in 2021. Instead, tech CEOs have passed the pain off to people who in many cases were performing well in their roles.

☆ Elizabeth Warren says Republicans are 'running a con game' with the debt ceiling, and repealing Trump's tax breaks for the wealthy should come first
▼ + stars: | 2023-01-23 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Republicans want to cut spending on things like Social Security before raising the debt ceiling. But Warren said that the GOP is running a con game, and Trump's tax cuts should be repealed first. But Senator Elizabeth Warren thinks that it's time to take a look at rolling back tax cuts on the wealthy. "They claim their plan to use the debt ceiling to trigger global economic chaos is about fiscal responsibility. "The House Republican plan for the debt ceiling is about protecting the wealthy and the well-connected from paying their fair share in taxes — nothing more and nothing less."

☆ Everyone's elite, but not for long. Airlines make travel perks harder to earn this year
▼ + stars: | 2023-01-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +8 min

And now it's a small army," said Cohen, who leads a digital entertainment consulting firm and has lifetime elite status on United and American Airlines . Travelers willing to shell out more for tickets and popular rewards credit cards are swelling ranks in front cabins and airport lounges. Osorio frequents airport lounges on trips booked with rewards points that she earned through strategic credit card use and sign-up bonuses. Bigger space for big spendersDelta, American, United and American Express have been opening bigger airport lounges to fit more travelers. A new American Airlines and British Airways lounge at John F. Kennedy International Airport, November 29, 2022.

☆ The 4 best success tips CEOs shared this year—from Tim Cook to Delta’s Ed Bastian
▼ + stars: | 2022-12-31 | by ( Natasha Piñon | ) www.cnbc.com time to read: +5 min

Here are some of the best success tips that top CEOs shared this year. And magic to be found in the service of others.”Claire Babineaux-Fontenot, Feeding America CEO Claire Babineaux-Fontenot, the CEO of Feeding America, knows the importance of giving back. Beth Ford, Land O'Lakes CEO Land O'Lakes CEO Beth Ford is no stranger to success. “Often, we think, ‘Nobody is going to see the good job I’ve done,’ or we’re scared to ask for help. Yet, if you do ask someone for help, or ask for what you want, people will reach out and give it to you.”

☆ 2023 should be a brighter year for the traditional 60/40 portfolio
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

Investors who stuck to the traditional portfolio breakdown of 60% allocated to stocks and 40% allocated to bonds were hit hard this year as both asset classes shed value. Bonds also lost value for investors this year, going against the traditional correlation where they act as a hedge to stock market volatility. Still, most analysts don't expect the year to yield a worse performance than 2022 for the standard 60/40 portfolio. That bodes well for investors who still have a traditional portfolio balance. And even though the traditional 60/40 portfolio had a dismal 2022, investors shouldn't write it off.

☆ Here's what Citi's global energy expert Ed Morse has to say about oil markets, Russia, and the 'stunning change' that's washed over the American oil market.
▼ + stars: | 2022-12-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Phil Rosen: What will energy markets look like in 2023, and what's your oil price forecast? How has Russia's role in energy markets changed since it invaded Ukraine? So we had companies — even before governments got involved — saying they were not going to import Russian oil and gas. How has the US's role changed in global energy markets this year? EM: Energy markets have been very concerned about it, but their concern is slowing.

☆ The Education Department 'failed to protect some of the most vulnerable student-loan borrowers' who had their wages stripped from them illegally during the pandemic, Elizabeth Warren says of a new 'al
▼ + stars: | 2022-12-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

A new Student Borrower Protection Center report found illegal wage garnishment for student-loan borrowers during the pandemic. Wage garnishment happens when student-loan borrowers falls behind on payments by more than 27o days, considered to be in default. The Education Department has not commented publicly on this report, but is has announced steps to help borrowers in default. But until that change is fully implemented, advocates argue debt collection practices should not resume. "If ED can't guarantee that its debt collection tool can comply with consumer protections, it should never turn this machinery on again."

☆ Elon Musk suggests Dr. Fauci should be prosecuted and mocks gender pronouns in controversial tweet — the latest in a series of statements fueling right-wing viewpoints
▼ + stars: | 2022-12-11 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Elon Musk suggested that Dr. Anthony Fauci should be prosecuted in a tweet posted on Sunday. The tweet is the latest in a series of posts supporting right-wing efforts and conspiracies in recent months. "My pronouns are Prosecute/Fauci," Musk wrote on Sunday in a now-viral tweet that has generated significant backlash. The tweet is the latest of several recent quips from Musk empowering right-wing viewpoints and conspiracies. "I absolutely support trans, but all these pronouns are an esthetic nightmare," Musk wrote at the time.

☆ US military atomic cleanup crews were sent out in the wake of American nuclear testing, and many paid a heavy price, veterans say
▼ + stars: | 2022-12-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +8 min

Over a period of more than a decade, the US military conducted dozens of nuclear tests in the Pacific. Years later, soldiers were sent to the Marshall Islands to try and clean up the fallout from the testing. Nuclear tests like Castle Bravo produced a substantial amount of nuclear fallout that negatively affected the people of the Marshall Islands, according to the Brookings Institution think tank. Impact of radiation contaminationNuclear weapons testing in the Marshall Islands had "devastating effects" on the country's environment that "remain unresolved," according to a 2019 report by the Republic of the Marshall Islands' National Nuclear Commission. However, he, like thousands of others, are excluded from the Radiation Exposure Compensation Act, which only covers veterans present for atmospheric nuclear tests.

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