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☆ What Happens When Wall Street Buys Most of the Homes on Your Block?
▼ + stars: | 2023-09-16 | by ( Ronda Kaysen | Ella Koeze | ) www.nytimes.com time to read: +21 min

Alvin and Patricia Maisonet bought their house in Bradfield Farms almost a decade ago. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Tarchia Barber chose to rent in Bradfield Farms because of the neighborhood’s rural feel. The RentersTarchia Barber liked the rural feel of Bradfield Farms, with cul-de-sacs and shady streets surrounded by farmland and woods. A school bus drops off students in Bradfield Farms, a quiet neighborhood where parents say their children often roam freely.

Persons: Ronda Kaysen, Ella Koeze, Logan Cyrus Sept, “, Alvin Maisonet, Maisonet, Patricia Maisonet, Joggers, ”, Alvin, Kelli Enos, Cash, can’t, Laurie Goodman, “ Covid, David Howard, Keith R, Madeline Bankson, They’re, Jessica Moreno, Tarchia Barber, Barber, He’d, Nikki Sloup, Sloup, Becky Johnson, didn’t, Johnson, Jesus ”, Greg McBride, Hall, Brandon Little, Keller Williams, Bradfield, “ We’ve, Jade Rahmani, Keefe, “ It’s, ” Mr, Rahmani, Enos, ” Dana Hartness, James M, Hasty, Ms, Lisa Damas, Kasey, Jim Sylvester, Sylvester, Hartness, —, — she’s, Dana Hartness, She’s Organizations: →, HomeRiver, Investor, Vegas, Kansas City, Antonio, Houston, Investors, New York Times, Homeowners, “, Bradfield Farms, Charlotte Airport, NORTH, NORTH CAROLINA, SOUTH, CAROLINA SOUTH, Bradfield, Housing Finance, Center, Urban Institute, National Rental Home, Rentals, Florida State University, Equity, Bankrate.com, Sheree, Nationwide, Facebook, Mecklenburg Police Locations: Ronda, Charlotte, N.C, Bradfield Farms, Bradfield, Paterson , N.J, United States, ATTOM, Atlanta, Phoenix, Memphis, Birmingham, Ala, Orlando, Fla, Jacksonville, Tampa, Kansas, Mo, NORTH CAROLINA, CAROLINA SOUTH CAROLINA, “, American, North Carolina, New Jersey, Peru

☆ Right-wing activist James O'Keefe spent donor money on DJ equipment and hoped to play Coachella, former staffers say
▼ + stars: | 2023-09-06 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Project Veritas founder James O'Keefe used donor money on DJ equipment, two former staffers said. He spent $2,500 on the items and hoped to play Coachella, the staffers told the Washington Post. The spending was detailed in a Project Veritas audit done after O'Keefe was ousted from the group. The Project Veritas audit the newspaper obtained purports that the group's former leader spent $208,000 in three years on "black-car travel". Project Veritas, which did not publish the diary, has denied any wrongdoing.

Persons: James O'Keefe, O'Keefe, O'Keefe —, —, couldn't, O'Keefe's, Joe Biden's, Ashley, cdavis@insider.com Organizations: Veritas, Washington Post, Service, Project Veritas Locations: Wall, Silicon, California, Florida

☆ A Google VP says the top trait she looks for when hiring people is a 'growth mindset' because they are willing to innovate
▼ + stars: | 2023-09-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Google's Asia Pacific vice president said its most successful employees have a "growth mindset." She explained that among Google's most successful staff "a growth mindset is a common characteristic … It's one of the biggest drivers of good performance and results." Part of having a growth mindset is viewing "your career not as a ladder to climb, but a jungle gym," which means being focused not just on moving up but across different areas to broaden your skillsets, Chadha said. O'Keefe offered advice on developing a growth mindset, emphasizing that it's all about nurturing your curiosity to increase your knowledge in different areas. A former Google recruiter of five years, Jeff Sipe, recently told Insider that "soft skills are just as important" when trying to land a job in tech.

Persons: they've, haven't, Chadha, Paul O'Keefe, Sweta Patel, O'Keefe, Jeff Sipe, Sipe Organizations: Google's Asia Pacific, CNBC, Service, Google Asia, Yale National University of Singapore Locations: Wall, Silicon

☆ Can Plastic Recycling Ever Really Work?
▼ + stars: | 2023-09-01 | by ( Susan Shain | More About Susan Shain | ) www.nytimes.com time to read: +2 min

The decision to revert the designation came after the Recycling Partnership, another industry-funded group, gave $6.7 million to recycling facilities to expand their acceptance and sorting of polypropylene.The group now estimates that more than half of recycling facilities in the United States accept and sort the material. Paul Nowak, the executive director of How2Recycle’s parent organization, sees this as a success story. The Environmental Protection Agency estimates that just 2.7 percent of polypropylene containers and packaging was reprocessed in 2018. While Keefe Harrison, chief executive of the Recycling Partnership, acknowledges that little polypropylene is being turned into new material right now, she argues that more investment in sorting and reprocessing facilities would improve the chances. Polypropylene recycling is at a “tipping point,” she said, noting that Oregon is considering including polypropylene on a forthcoming list of recyclable materials that municipalities are required to collect, sort and sell.

Persons: Paul Nowak, ”, Dell, Keefe Harrison, Matt Seaholm Organizations: Recycling Partnership, Environmental Protection Agency, Partnership, Recycling, Plastics Industry Association Locations: United States, Oregon

Higher winds. In a 2018 paper, Dr. Kossin wrote that hurricanes over the United States had slowed 17 percent since 1947. Dr. Kossin likened the problem to walking around your back yard while using a hose to spray water on the ground. Because warmer water helps fuel hurricanes, climate change is enlarging the zone where hurricanes can form. There is a “migration of tropical cyclones out of the tropics and toward subtropics and middle latitudes,” Dr. Kossin said.

Persons: ”, James P, Kerry Emanuel, “, Kossin, “ you’ll, Emanuel, Dr Organizations: National Oceanic, Atmospheric Administration, Hurricanes, Massachusetts Institute of Technology, National Hurricane Center, Researchers Locations: United States, subtropics, Japan

☆ After Credit Suisse takeover, UBS gives first glimpse of new group
▼ + stars: | 2023-08-29 | by ( Noele Illien | ) www.reuters.com time to read: +5 min

Credit Suisse has already flagged that it expects to post a hefty loss for 2023. Rich clients often kept accounts at both UBS and Credit Suisse, so as not to place all their eggs in one basket. In previous quarters, UBS had reported significant inflows, as it benefited from Credit Suisse clients looking for safer alternatives. SWISS BANK'S FUTUREMany bank watchers are waiting to see what UBS does with Credit Suisse's "crown jewel" - its Swiss arm. The huge figure largely reflects a one-off boost to the bottom line from UBS buying Credit Suisse for a fraction of its value.

Persons: Ralph Hamers, Sergio Ermotti, Colm Kelleher, Stefan Wermuth, Rich, Benjamin Goy, Ermotti, Keefe, Thomas Hallett, Noele, John O'Donnell, Tomasz Janowski Organizations: UBS Group AG, UBS, REUTERS, Rights, Credit Suisse, SUISSE, Suisse's, Swiss, Deutsche Bank, UBS's, CORE UNIT UBS, Suisse, Thomson Locations: Zurich, Switzerland, SWISS, Swiss, Woods

☆ Human-caused fires may have contributed to the extinction of saber-toothed cats, dire wolves, and other animals 13,000 years ago
▼ + stars: | 2023-08-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +9 min

The La Brea tar pits captured dire wolves, sabertooth cats, and other megafaunal for millennia. Statues of megafaunal mammals give La Brea Tar Pit visitors a sense of what animals roamed the area thousands of years ago. The loss of herbivores at La Brea could've contributed to a feedback loop, making fires — however, they started — more intense, the paper's authors say. Paelongotolist MacPhee cautions that there could be other explanations for why these animals in the 61/67 tar pits stopped appearing. Excavation of the La Brea tar pits has yielded hundreds of thousands of fossils.

Persons: —, Robin O'Keefe, O'Keefe, it's, Regan Dunn, Dunn, Jae C, Ross MacPhee, wasn't, MacPhee, Guy Robinson, Robinson, Sharon Levy, Amelia Villaseñor, C, Villaseñor Organizations: Service, Arlington Springs Man Locations: Brea, Wall, Silicon, Los Angeles, Southern California, Rancho La, Elsinore, Lake Elsinore, Northern Canada, La Brea, Rancho La Brea, Yukon, Orange County , New York, North America, Arlington Springs, Southern

☆ Rudy Giuliani helped Purdue Pharma keep selling OxyContin. Here's the real story behind what's depicted in 'Painkiller.'
▼ + stars: | 2023-08-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Giuliani helped Purdue Pharma strike a deal with the government to keep selling the drug. Purdue Pharma hired Giuliani back in 2002, representing the first client his consulting firm ever landed, The New York Times reported in 2007. By getting Brownlee to agree to prosecute the parent company, Purdue Frederick, rather than Purdue Pharma, Giuliani and his team were also able to prevent a ban against Purdue Pharma doing future business with the federal government, which manages public health programs like Medicaid, Medicare, and the Veterans Administration health system, The Guardian reported. Under our settlement, Purdue Pharma would cease to exist and Knoa Pharma, a newly formed company with a public-minded mission, would emerge. The settlement would deliver over $10 billion of value for opioid crisis abatement, overdose rescue medicines, and victim compensation."

Persons: Trump, Rudy Giuliani, Giuliani, — Rudy Giuliani, Sackler, OxyContin, Edie Flowers, Uzo Aduba, Patrick Radden Keefe, John Brownlee's, James Comey, Brownlee, who'd, Purdue Frederick Organizations: Netflix, Former New York City Mayor, Purdue Pharma, Service, Purdue, New, New York City, OxyContin, The New York Times, Guardian, Veterans Administration, Knoa Pharma Locations: Wall, Silicon, New York, New York City, OxyContin

☆ Ancient Fires Drove Large Mammals Extinct, Study Suggests
▼ + stars: | 2023-08-17 | by ( Katrina Miller | More About Katrina Miller | ) www.nytimes.com time to read: +2 min

Dr. Dunn emphasized that this pattern could not account for the notable disappearance of large mammals elsewhere in the world at the end of the last ice age. “But in order to understand the global event, you really need to look at a regional scale,” she said. The researchers noted that it was hard to absorb the similarity of current events to those in the fossil record. “Many of the most threatened wildlife today are the remaining large-bodied mammals that didn’t go extinct” at the end of the last ice age, Dr. Lindsey said. But, she added, “because we caused this, we have the power to stop it.”

Persons: O’Keefe, ”, Dunn, ” Anthony Barnosky, Dr, Barnosky, Lindsey Organizations: University of California Locations: Southern California, Australia, Berkeley

Many wildfires in the United States occur when poles owned by utilities or other structures carrying power lines are blown down, or when branches or other objects land on power lines and cause them to produce high-energy flashes of electricity that can start fires. Image Nearly a week after the wildfire tore through Lahaina, state and local officials have not determined a cause for the blaze. Like most other utilities, Hawaiian Electric operates under the scrutiny of public commissioners who have to approve its spending plans. Power lines have caused catastrophic wildfires in California in recent years, prompting lawsuits that have led to multibillion-dollar payouts by the state’s utilities. Hawaiian Electric in a regulatory filing last year detailed measures aimed at reducing the risk of its equipment causing fires.

Persons: Hurricane Dora, “, ”, James Frantz, Frantz, There’s, Max Whittaker, Shahriar Pourreza, Shelee Kimura, ” Ms, Kimura, Pourreza, Michael Wara, Philip Cheung, Bob Marshall, Jim Kelly, Ken Pimlott, Anne Lopez, Mr, Wara, Kellen Browning, John Keefe, Susan C, Beachy, Alain Delaquérière Organizations: Wildfire, National Weather Service, Frantz Law, Hawaiian Electric, The New York Times, Guggenheim Securities, Maui Electric, Pacific Gas, Pacific Gas and Electric, Federal Emergency Management Agency, Pacific Disaster Center, Stanford University, The New York Times Lightning, Western, NASA, Whisker Labs, Labs, California Department of Forestry, Stanford, U.S . Energy Information Administration Locations: Lahaina, West Maui, Maui, California, United States, Northern California, Paradise, Hawaii, Western United States, Maui County, Germantown, Md, San Francisco

☆ When art and money meet
▼ + stars: | 2023-08-11 | by ( Amanda Taub | ) www.nytimes.com time to read: +2 min

I’ve often thought that if one was looking for niche curses to place on enemies, “May you be profiled by Patrick Radden Keefe” would be a particularly potent option. Amid such company, Larry Gagosian, the global art-market king who is the subject of Radden Keefe’s latest profile, gets off relatively lightly. I was reminded of one of my favorite exhibitions of all time, “The Steins Collect,” which I saw at the Metropolitan Museum of Art in New York a decade ago. Regular readers will know that I like biographies about artists, so you might have expected the Gagosian profile to send me reaching for more of those. (I wonder what Lewis, who studied art history as a Princeton undergraduate before going into finance and then journalism, would make of Gagosian.)

Persons: I’ve, “, Patrick Radden Keefe, Guzmán Loera, El, Gerry Adams, Larry Gagosian, Radden, Radden Keefe, Gagosian, Matisse, Picasso, Gertrude Stein, Michael Lewis, Lewis Organizations: New Yorker, Irish Republican, Metropolitan Museum of Art, Wall, Princeton Locations: Mexican, New York

On the western side of Maui, some residents fled by swimming into the ocean, where they were rescued by the U.S. Coast Guard, Maui County officials said. Others escaped by car, driving past flames in the shadow of the West Maui Mountains. Two evacuation shelters closed because of the encroaching fire, and people inside were sent to new locations, Maui County officials said. The 911 emergency call service in West Maui was down early on Wednesday, and people were told to call the local police department directly instead, Maui County officials said. In Maui County, there were more 12,600 electricity customers without power on Wednesday, according to the tracking site poweroutage.us.

Persons: Hurricane Dora, Richard T, Bissen, Brian Schatz, Dora, —, Sylvia Luke, Hawaii’s Organizations: U.S . Coast Guard, Weather Service, Maui Counties, National Guard Locations: Maui, Maui County, West Maui, Hawaii, Lahaina, ”

☆ Berkshire Hathaway stock scales record as operating profit tops $10 bln
▼ + stars: | 2023-08-07 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermidAug 7 (Reuters) - Berkshire Hathaway's (BRKa.N) stock price set a record high on Monday, rising more than 2%, after the conglomerate run by billionaire investor Warren Buffett said quarterly operating profit topped $10 billion for the first time. In morning trading, Berkshire's stock price rose $14,300, or 2.7%, to $547,900, surpassing the previous high $544,000 set on March 28, 2022. Keefe, Bruyette & Woods analyst Meyer Shields, who rates Berkshire "market perform," raised his price target to $565,000 from $545,000. In 2023, Berkshire shares have slightly trailed the index, after outpacing it in 2022.

Persons: Brendan McDermid, Warren Buffett, Clayton, Brian Meredith, Keefe, Meyer Shields, Buffett, Jonathan Stempel, Chuck Mikolajczak, Lance Tupper, David Gregorio Our Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Clayton Homes, Apple, Berkshire, UBS, Woods, Thomson Locations: Berkshire, New York City, U.S, Omaha , Nebraska, New York

☆ US players harness World Cup spotlight for mental health initiative
▼ + stars: | 2023-07-19 | by ( Nathan Frandino | ) www.reuters.com time to read: +2 min

The Common Goal initiative will provide mental health training to coaches from more than 15 youth sports organisations, focusing on issues including anxiety, depression and loneliness, after the World Cup. "It’s long overdue that our soccer communities put mental health at the forefront when we discuss player care," Common Goal USA Executive Director Lilli Barrett-O’Keefe said in a statement. The United States are seeking an unprecedented third consecutive title, and fifth overall, at the tournament in Australia and New Zealand, kicking off their campaign on Saturday against Vietnam. The American soccer players are the latest athletes to take up the cause of mental health, after Olympic gymnastics champion Simone Biles and four-times tennis major winner Naomi Osaka helped flip the narrative on a topic once seen as taboo in high-level sport. Reporting by Nathan Frandino in Auckland, writing by Amy Tennery; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Becerril, Naomi Girma's, Katie Meyer, Katie it's, Sophia Smith, Katie, Lilli Barrett, O’Keefe, Emily Fox, Simone Biles, Naomi Osaka, Smith, Nathan Frandino, Amy Tennery, Peter Rutherford Organizations: Soccer Football, Concacaf, Costa Rica, Estadio Universitario, United, REUTERS, Tribune, Stanford University, Stanford, Vietnam, Fox, Thomson Locations: States, Costa, Monterrey, Mexico, AUCKLAND, United States, U.S, Australia, New Zealand, American, Auckland

☆ How a Vast Demographic Shift Will Reshape the World
▼ + stars: | 2023-07-16 | by ( Lauren Leatherby | ) www.nytimes.com time to read: +18 min

1990 Younger populations Workingage Older populations For decades, the world’s dominant powers have benefited from large working-age populations that help drive economic growth. Russia U.K. France Pakistan Pakistan China China U.S. U.S. Japan U.S. Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan Pakistan China China U.S. U.S. U.S. Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C. Russia U.K. France Pakistan China U.S. U.S. U.S. Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C.

Persons: That’s, ”, Mikko Myrskylä, Max Planck, Carolina Cardona, Philip O’Keefe, –, O’Keefe, Myrskylä, “ We’ve, “, aren’t, Mr Organizations: Korea Germany Italy Russia United, France, France Pakistan Pakistan China China U.S ., U.S, China India Nigeria D.R.C, France Pakistan Pakistan China China U.S . U.S, France Pakistan, France Pakistan China U.S . U.S, for Demographic Research, Youth, Niger, Dem, Central African Rep, Herzegovina Bulgaria Croatia Czech Rep, Denmark Estonia Finland France Germany Greece, Denmark Estonia Finland France Germany Greece Hungary Ireland, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo, Macedonia Norway Poland Portugal Moldova Romania, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern America, New Zealand, New, Benin Botswana Burkina Faso Burundi Cameroon Central African Rep, Chad Comoros, Congo Ivory Coast Dem, Johns Hopkins University, Aging, ARC Center of Excellence, Aging Research, World Bank, Spain Taiwan, Young, Korea, Spain, “ Locations: Japan, Western Europe, South Korea, Britain, Eastern Europe, China, Europe, India, East Asia, Florida, United States, South, Southeast Asia, Africa, Korea Germany Italy, Korea Germany Italy Russia United States France China Thailand United Kingdom, South Korea Brazil Colombia China Thailand Iran Myanmar Vietnam Bangladesh Indonesia, South Africa Myanmar Indonesia Bangladesh Philippines Pakistan Kenya Indonesia Egypt Ethiopia, Russia, France Pakistan Pakistan China China U.S, France Pakistan Pakistan China China U.S . U.S, Japan U.S, Japan China India India India Nigeria Nigeria Ethiopia D.R.C, Indonesia Indonesia Brazil Brazil Brazil, China Japan India Brazil, Pakistan France China U.S, Japan India Nigeria Brazil Indonesia, Pakistan U.S, China India Nigeria, Ethiopia Brazil Indonesia, France Pakistan Pakistan China China U.S . U.S . U.S, Japan Japan China India India India Nigeria Nigeria Ethiopia D.R.C, France Pakistan China, France Pakistan China U.S . U.S . U.S, Japan Japan China China India India India Nigeria Nigeria Ethiopia D.R.C, Congo Somalia, Angola Tanzania Nigeria, Afghanistan Ethiopia Tajikistan Kenya, Asia, Oceania, Kenya, Demographically, South Asia, Singapore, Albania, Austria Belarus Belgium Bosnia, Herzegovina Bulgaria, Denmark Estonia Finland France Germany, Denmark Estonia Finland France Germany Greece Hungary, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy, Denmark Estonia Finland France Germany Greece Hungary Ireland Italy Kosovo Latvia Lithuania Netherlands, Macedonia Norway Poland Portugal, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia, Macedonia Norway Poland Portugal Moldova Romania Russia Serbia Slovakia Slovenia Spain Sweden Switzerland Ukraine, Eastern Asia, Hong Kong North Korea Japan Mongolia South Korea Taiwan Northern, Canada, States Australia, New, Australia, New Zealand, Saharan Africa, Angola, Benin Botswana Burkina Faso Burundi Cameroon, Congo, Congo Djibouti, Guinea Eritrea Eswatini Ethiopia Gabon Gambia Ghana Guinea Guinea, Bissau Kenya Lesotho Liberia Madagascar Malawi Mali Mauritania Mauritius Mozambique Namibia Niger Nigeria Rwanda Senegal Sierra Leone Somalia South Africa South Sudan Togo Uganda Tanzania Zambia Zimbabwe, Aging Asia, Pacific, America, “, Hong Kong, Italy, Spain, Spain Taiwan Greece, Singapore Slovenia Thailand Germany, Mainland China Finland Japan Netherlands Canada, Hong Kong South Korea, Singapore Slovenia Japan Thailand Germany, Mainland China Finland Netherlands, U.N, Korea Japan Spain, Korea Japan, France, West, East, Vietnam

REUTERS/Kevin Lamarque/File PhotoNEW YORK, July 11 (Reuters) - Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. Results for investment banking behemoths will also weaken, with EPS forecast to drop almost 59% at Goldman Sachs (GS.N). That offsets the doldrums in investment banking, where revenues have been depressed by rising interest rates and economic uncertainty. Reuters GraphicsBanking executives have also lowered expectations for the second quarter after mergers, acquisitions and debt offerings plunged in recent months. "We see higher credit risk ahead for lower to middle class families with higher credit card debt that cannot keep pace with higher living costs," Leon added.

Persons: Kevin Lamarque, Goldman Sachs, Morgan Stanley's, David Konrad, Keefe, Goldman, Stephen Biggar, Wells, Morgan Stanley, Betsy Graseck, Kenneth Leon, Leon, Konrad, Nupur Anand, Saeed Azhar, Niket, Lananh Nguyen, Marguerita Choy, Andrea Ricci Organizations: Bank of America, REUTERS, JPMorgan, . Bank of America's, Citigroup, Universal, Argus Research, JPMorgan Chase, Reuters Graphics Banking, Federal Reserve, CFRA Research, Investors, Thomson Locations: Washington, Wells, Refinitiv, Wells Fargo, U.S, New York, Bengaluru

☆ Healthcare VCs are focusing their bets on a handful of top startups, forcing the rest to scramble to stay afloat
▼ + stars: | 2023-07-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +6 min

In the first half of 2023, healthcare investors have written big checks for their top startup picks. 2023 is on track to be the lowest year of healthcare funding since 2019, Rock Health says. Digital-health startups in the US raised $6.1 billion in the first half of 2023, Rock Health's H1 2023 funding report published on Monday found. Right now, 2023 is on track to be the lowest healthcare funding year since 2019, according to Rock Health. Krasniansky said Rock Health expects many of the impending shutdowns to impact healthcare startups that sell products and services to patients online and on-demand, especially direct-to-consumer companies like telemedicine or mail-order-pharmacy startups.

Persons: It's, haven't, Healthcare's, healthcare's, Adriana Krasniansky, Krasniansky, Ian Chiang, he's, Lynne Chou O'Keefe, it's, Corey McCann, Chou O'Keefe, — Organizations: Rock Health, megadeals, Monogram Health, Frist Cressey Ventures, Flare Capital Partners, Define Ventures, Pear, Madison, Pear Therapeutics

☆ One of the US's largest racial-justice organizations is slashing its budget and laying off staff after overspending on lavish perks
▼ + stars: | 2023-07-05 | by ( Sean Campbell | ) www.businessinsider.com time to read: +17 min

Color of Change recently announced significant cuts to its budget and staff. Color of Change dramatically increased its spending in 2020, and it continued burning through its cash even as revenue declined. Their post, published June 22, served as the first official communication to most staff members that budget and staff cuts were imminent. A week later, 49 staffers were laid off, according to staff and a list of eliminated positions reviewed by Insider. Medium/Color of Change board chairsIn a written statement, Color of Change also claimed Insider's reporting contained inaccuracies.

Persons: —, Jordan Neely, George Floyd, Airbnb, Rashad Robinson, Oprah, hasn't, we've, Andre Banks, Banks, Ben O'Keefe, O'Keefe, It's, Salaah Muhammad, Muhammad, Robinson, Heather McGhee's, Bryan Bedder, I've, Berlin Rosen, Ryan Senser, Rashad, Senser Organizations: Service, New York City, The Recording Academy, Forbes, Staff, Education, New York's Office, Labor, YouTube, Miami's Art, Fund, Fashion, NAACP, Fenton Communications, Berlin, Insider Locations: Hollywood, New York, Oakland , California, New York City, Washington, Miami's Art Basel, Minneapolis, Manhattan

☆ Seeing lots more value outside the U.S. and people should take advantage: Portfolio manager
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing lots more value outside the U.S. and people should take advantage: Portfolio managerDan O'Keefe, founding partner at Artisan Global Value Fund, discusses the investing outlook, saying investors should stay stock specific and focus on valuation.

Persons: Dan O'Keefe Organizations: Fund

June 16 (Reuters) - Customers Bancorp (CUBI.N) said on Friday it acquired a $631 million venture banking loan portfolio from U.S. regulator Federal Deposit Insurance Corporation (FDIC) at about 85% of the book value. The portfolio belonged to failed lender Signature Bank, which was put under FDIC receivership in March, a source familiar with the matter told Reuters. Customers Bancorp shares rose on the news to their highest level since early March, and were up 3.3% at $30.23 at midday. On March 12, state regulators closed New York-based Signature Bank, marking this year's second high-profile bank collapse sparked by an exodus of depositors seeking higher returns and safer institutions. Following the bank's closure, the FDIC had announced in April the marketing process for the roughly $60-billion loan portfolio retained in receivership from Signature Bank.

Persons: Michael Perito, Keefe, Perito, Manya Saini, Saeed Azhar, Shailesh Kuber, Richard Chang Organizations: Customers Bancorp, Deposit Insurance Corporation, Signature Bank, Reuters, FDIC, Bancorp, Loans, Bank, New York Community Bancorp, Thomson Locations: Austin, Boston, Southern California, Chicago, New York, Bengaluru

☆ Anthony Bourdain died 5 years ago. Here's 5 ways he helped reshape the food industry.
▼ + stars: | 2023-06-10 | by ( Ryan Hogg | Nathan Rennolds | ) www.businessinsider.com time to read: +5 min

Anthony Bourdain was a maverick chef who helped change the food industry. Here are five ways Bourdain changed the way many people eat and think about food. Here's how he helped change the restaurant industry and the way we eat. Don't eat fish on a MondayIn "Kitchen Confidential," Bourdain appeared to expose a common money-making ploy in the restaurant business — often at the expense of the customer. It's unclear if his advice affected fish consumption in New York restaurants on Mondays.

Persons: Anthony Bourdain, Bourdain, —, Bourdain's, Barb Stuckey, Barack Obama, Bun, Lien, Jim Watson, Patrick Radden Keefe, Alan Richman, Keefe, Richman, CNN Bourdain, KF Seetoh Organizations: Service, Travel, CNN, Forbes, The Food Institute, GQ, Singaporean hawker Locations: New York, America, Vietnam, Hanoi, New York City, Manila, Singaporean, Singapore

☆ BlackRock is on the lookout for deals — and it just scooped up a major lender to European startups to supercharge its private credit business
▼ + stars: | 2023-06-08 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.

Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon

☆ Tiny tech bank defies US massacre of the minnows
▼ + stars: | 2023-06-08 | by ( John Foley | ) www.reuters.com time to read: +6 min

One example is $1 billion Live Oak Bancshares (LOB.N), which flouts many preconceptions about what it means to be a tiny U.S. bank. But if those failures demonstrated that rapid growth brings escalating risk, Live Oak is a counterexample. Because of the way that programme is structured, around 40% of Live Oak’s lending carries a government guarantee. The company spun out its cloud-based banking software division nCino (NCNO.O) in 2014; that firm is now worth $2.8 billion, more than twice Live Oak’s value. That more earthly valuation might reflect Live Oak’s biggest risk: that it starts to look more like the rest of the pack.

Persons: it’s, Chip Mahan, SVB, It’s, Huntley Garriott, Goldman Sachs, reckons, ’, Keefe, Mahan, Liam Proud, Streisand Neto Organizations: YORK, Reuters, Wachovia, Valley Bank, U.S, Regional, Silvergate, Reuters Graphics Reuters, government’s, Business Administration, SBA, Federal, Truist, PNC Financial Services, redwoods, Twitter, Thomson Locations: United States, North Carolina, U.S

☆ Three Books That Make Tess Gunty Angry
▼ + stars: | 2023-06-08 | by ( ) www.nytimes.com time to read: +4 min

I can’t believe I get to share a time period with all of these people. In this poem, the speaker is thunderstruck by a newfound “plague of gratitude.” The speaker says: “Not long ago I was hard to even/hug ... The poem plunged me into that first miraculous flash of hope you enjoy after a long storm of bad brain chemistry. They are facilitated by an absence of legal restrictions and the primeval excuse that if We don’t do it first, They will. My family is always shocked by how many books on neuroscience and quantum physics I’ve amassed.

Persons: Claudia Rankine, Anne Carson, Maggie Nelson, Yuri Herrera, Zadie Smith, Diane Williams, Valeria Luiselli, Olga Tokarczuk, Rachel Kushner, Elena Ferrante, Ben Lerner, Carmen Maria Machado, Joy Williams, Hanif Abdurraqib, Nuar Alsadir, Robin Coste Lewis, Natalie Diaz, Ocean Vuong, Sharon Olds, Morgan Parker, Tommy Pico, Terrance Hayes, Ada Limón, Tracy K, Smith, Annie Baker, Amy Herzog, Paula Vogel, Svetlana Alexievich, Rachel Aviv, Ed Yong, Matthew Desmond, Alexandra Kleeman, Susan Choi, Chris Ware, Tommy Orange, Javier Zamora, Jenny Offill, Annie Ernaux, Anne Enright, Lydia Davis, Raven Leilani, Mark Z, Jennifer Egan, George Saunders, Wolf, Kaveh Akbar, ” Akbar alchemizes, ”, I’m, Patrick Radden Keefe, Sackler, —, Brian Christian, I’ve, Iain McGilchrist, Alex Locations: Ocean, America, “, postindustrial Indiana

☆ Project Veritas sues its founder James O'Keefe, alleging he set up a competitor and wooed donors while on the company's payroll
▼ + stars: | 2023-05-31 | by ( Jacob Shamsian | Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Project Veritas is suing its founder and former leader, James O'Keefe. Project Veritas alleges that he violated his employment contract and wooed donors from a confidential list. "Defendant James O'Keefe ("O'Keefe") failed in his duties to Plaintiff, Project Veritas, causing it serious and significant damage." Later that month, O'Keefe founded the O'Keefe Media Organization, which is also a defendant in the lawsuit along with two other Project Veritas employees who assisted with the project. The O'Keefe Media Organization directly competes with Project Veritas — a violation of O'Keefe's employment contract, Project Veritas alleges.

Persons: James O'Keefe, O'Keefe, —, Roy Moore, O'Keefe didn't Organizations: Veritas, Service, Project Veritas, Plaintiff, Pfizer, Company, O'Keefe Media Organization, OMG Locations: Washington, New York, Maine

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