DIRS.INFO The most relevant business & tech news

The mandatory raise would apply to all fast food restaurants in California that are part of a chain with at least 60 locations nationwide. The agreement ends an tense standoff between labor unions and the fast food industry that started last year when Democratic Gov. Gavin Newsom signed a law creating a Fast Food Council with the authority to raise wages of fast food workers up to $22 per hour. In exchange for a $20 minimum wage, labor unions have withdrawn their legislation to make fast food companies liable for their franchise operators' labor violations and lawmakers have stripped funding for the Industrial Welfare Commission. The Fast Food Council created in the original legislation would still exist, but it would only have the authority to set wages, not workplace standards.

Persons: Ingrid Vilorio, ”, Vilorio, Gavin Newsom, Newsom, Kathy Fairbanks, Sean Kennedy, Joseph Bryant, Olga R, Rodriguez Organizations: San Francisco Bay Area, Democratic Gov, Food, Democratic, Industrial Welfare Commission, Food Council, National Restaurant Association, Service Employees International Union Locations: SACRAMENTO, Calif, California, San Francisco Bay, U.S, San Francisco

☆ Grindr loses about half its workers after trying to make them come back to the office
▼ + stars: | 2023-09-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The dating app told employees to start working from an office 2 days a week or lose their jobs. The Communication Workers of America union said about 80 of its 178 workers rejected the RTO order. Last month the LGBTQ+ dating app told employees to starting work in the office two days a week from October or face dismissal after August 31. A representative for Grindr told Bloomberg the union claims were without merit and that it was "returning to the office in a hybrid model in October." Google has been telling employees to show up at the office three days a week since April 2022, and Meta followed suit in June.

Persons: Grindr, Grindr didn't, Meta Organizations: Communication Workers of America, Service, Communications Workers, America, Bloomberg, United, CWA, National Labor Relations Board, Wired, Tiga Acquisition Corp, Beijing Kunlun Tech, Vicente, Meta, Google Locations: Wall, Silicon, Chicago , Los Angeles, San Francisco Bay, Beijing Kunlun, Delaware

☆ YIMBY Movement Is Winning: Build More Houses, Lower Home Prices, Rents
▼ + stars: | 2023-09-07 | by ( Eliza Relman | Kelsey Neubauer | ) www.businessinsider.com time to read: +15 min

The adherents of the "Yes In My Backyard," or YIMBY, movement believe that America's housing crisis comes down to the fundamental tension between supply and demand. Today, nearly 75% of residentially-zoned land in the US is restricted to single-family housing — detached homes designed for one family. Folks are like, 'Oh, we're in a housing crisis for the very first time. Ground zero for the modern YIMBY movement was California, where sky-high home prices forced people to reconsider their attitudes toward development. The city didn't allow new multiunit buildings to be taller or wider than the single-family homes they replaced, making construction less financially attractive to developers.

Persons: Nolan Gray, YIMBYism, Sonja Trauss, Trauss, YIMBYs, NIMBYs, Gray, I'm, —, Bill, They've, Tayfun Coskun, Muhammad Alameldin, Emily Hamilton, We're unwinding, Jenny Schuetz, Greg Gianforte, California YIMBY, Republican Sen, Todd Young, Democratic Sen, Brian Schatz, Eliza Relman, Kelsey Neubauer Organizations: San, San Francisco Bay Area, Urban Institute, Twitter, of Regional Planning, Public, Cato Institute, University of California, Berkeley Terner Center, Housing, George Mason University, Conservative, Brookings Institute, Republican, Todd Young of Indiana, Democratic, Hawaii Locations: California, San Francisco Bay, San Francisco, I'm, Los Angeles County, Florida, Utah, Minneapolis, Oregon, Austin, Dallas, Seattle, Portland , Oregon, Denver, New York, Texas, YIMBYism, We're, Bozeman, Montana, Miami

☆ The CEO of Spora Health on fighting bias as a startup founder and his inspirations to improve healthcare for people of color
▼ + stars: | 2023-09-07 | by ( ) www.businessinsider.com time to read: +13 min

Dan Miller founded Spora Health in 2019 to deliver better healthcare to people of color. AdvertisementAdvertisementDan Miller founded the startup Spora Health in 2019 to provide better medical care to people of color. Most of Spora's healthcare providers are people of color, and all its clinicians are trained in health equity and cultural competence. How has your experience as a Black patient in the US healthcare system informed what you built at Spora? But I knew there was a lot of demand and interest from Black folks that I would meet in the community.

Persons: Dan Miller, Miller, I'd, He's, Spora, I've, they're, who's, you've Organizations: Spora Health, San Francisco Bay Area, Fortune, Bay Area Locations: San Francisco, San Francisco Bay, America, Bay, New York, Silicon, United States

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

☆ A hidden reason for San Francisco's remote work 'doom loop': Air conditioning
▼ + stars: | 2023-09-02 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

San Francisco remains firmly at the bottom of US rankings when it comes to office attendance. In San Francisco, it was 65 degrees fahrenheit. It's probably another reason why San Francisco remains firmly at the bottom of the rankings when it comes to office attendance by employees. Its report for July 2023 shows visits to office buildings in San Francisco are still almost 50% below 2019 levels. AdvertisementAdvertisementMore CEOs are keen to get employees back to the office now, including several leaders of tech companies in the San Francisco Bay Area.

Persons: It's, There's Organizations: Washington DC, Morning, San, San Francisco Bay Area Locations: San Francisco, Washington, Tokyo, Francisco's, Japan's, San Francisco Bay

What if you built a new city from the ground up? Mr. Sramek, a former Goldman Sachs trader, had moved to the San Francisco Bay Area to make it in tech. He was a European immigrant smitten with the energy of local start-ups, but he preferred more walkable cities like Zurich. Soon, he began taking fishing trips to Solano County on the San Francisco Bay’s eastern edge. A rural corner of the county eventually became the centerpiece of a plan hatched by Mr. Sramek to build a city from scratch.

Persons: Jan Sramek, Sramek, Goldman Sachs, Flannery Organizations: San, San Francisco Bay Area, Flannery Associates Locations: San Francisco Bay, European, Zurich, Solano County, San Francisco, Silicon Valley

☆ A century before Silicon Valley billionaires pitched a brand new city in this California county, wealthy businessmen tried — and failed — to do the same thing
▼ + stars: | 2023-08-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

A group of Silicon Valley investors are planning to build a city in Solano County. The project, Solano City, failed as money ran dry and investors couldn't attract enough buyers. "The Market is TWO HOURS AWAY," one advertisement read, pointing an arrow from San Francisco to Solano City. Solano Irrigated Farms was soon unable to keep up with bills, and "Solano City died almost overnight," according to the historical database. Remnants of Solano City in progress can be seen in the county, Paul said.

Persons: Flannery, Patrick Calhoun, John Calhoun, Bil Paul, Paul, Solano, They're Organizations: Service, Silicon, Sacramento —, Flannery Associates Locations: Silicon, Solano County, Solano City, Wall, Solano County —, San Francisco, Sacramento, Dixon, Washington, San Francisco Bay, California, Solano, Farms, City

In 2017, Michael Moritz, the billionaire venture capitalist, sent a note to a potential investor about what he described as an unusual opportunity: a chance to invest in the creation of a new California city. The site was in a corner of the San Francisco Bay Area where land was cheap. He painted a kind of urban blank slate where everything from design to construction methods and new forms of governance could be rethought. And it would all be a short distance from San Francisco and Silicon Valley. “Let me know if this tickles your fancy,” he said in the note, a copy of which was reviewed by The New York Times.

Persons: Michael Moritz, Moritz Organizations: The New York Times Locations: California, San Francisco Bay, Paris, New York, San Francisco, Silicon Valley

☆ 4 Americans moved to New Zealand for safety, scenic hikes, and the small-town feel. "I just felt this calm, like, 'I'm home,'" one said.
▼ + stars: | 2023-08-16 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

He moved back to his home base of Irvine, California, in 2003 but always hoped to return to New Zealand. Four Americans who moved to New Zealand told Insider their reasons for departing the US. A Los Angeles resident visited for 20 years before making his move more permanentJon Kroll lived in Los Angeles for 35 years and visited New Zealand on and off for 20 years as a break from the congestion of Los Angeles. He downsized from his four-bedroom home in Los Angeles. Wellington, New Zealand, provides the small-town feel his family was looking forNative Wyomingite Ryan Rogers departed for New Zealand more than a decade ago for work.

Persons: Garvey Daniels, Daniels, Daniels —, —, they've, Garvey Daniels Daniels, he's, Jon Kroll, Kroll, WellingtonNZ Kroll, who's, I've, Heather Gadonniex, Gadonniex, Heather Gadonniex Matakana, she's, Wyomingite Ryan Rogers, Rogers, WellingtonNZ Rogers Organizations: Service, New Zealand, Stats NZ, New, NZ, Los, Auckland —, Zealand, CoreLogic NZ, Kiwis, San, San Francisco Bay Area Locations: New Zealand, LA, Wall, Silicon, Auckland , New Zealand, Irvine , California, California, New, Australia, Colorado, Los Angeles, Wellington, Auckland, Zealand, San Francisco Bay, Northern California, Matakana , New Zealand, Oakland, Bay, San Francisco, Wellington , New Zealand, London, Vancouver, Wyoming

☆ Grindr employees working from home were given 2 weeks to decide to move across the country to work in person or lose their jobs
▼ + stars: | 2023-08-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The company's employees say Grindr could be retaliating against them for trying to form a union. The news comes two weeks after employees announced their effort to unionize under the Communications Workers of America, Grindr United. Grindr United posted Sunday that the pivot to in-person work by the company is a "bizarre coincidence." However, employees told The New York Times that the company told them to expect the transition after one or two quarters. Grindr United did not immediately respond to Insider's request for comment sent over the weekend.

Persons: it's, we're, —, George Arison, Grindr, Quinn McGee, McGee Organizations: Service, Management, Communications Workers of America, Grindr, Grindr United, Bloomberg, New York Times, Apple, Disney, Google, Twitter, Grindr United CWA Locations: Wall, Silicon, Grindr, Chicago , Los Angeles, San Francisco Bay, —

☆ As Hollywood Strikes Roll On, Viewers Have a Chance to Catch Up
▼ + stars: | 2023-08-12 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

On his Amazon Prime page, Mr. Martinez had been seeing a tile for the show “The Boys” for some time. The superhero series was one he thought he had no interest in. “I’m enjoying it, and I’m glad I started it,” he said. Not all the viewers need a new old show to watch. “It’s a cartoon series for kids, but I’m not going to lie — it’s also for adults,” she said, laughing.

Persons: Eric Martinez, Martinez, “, ”, Brenda Stewart, ” She’s, King ”, Stewart, it’s, I’m Organizations: San Francisco Bay Area, HBO, Amazon, CSI, Disney Locations: San Francisco Bay

☆ Lea Salonga on the groundbreaking representation of Broadway’s ‘Here Lies Love’
▼ + stars: | 2023-08-11 | by ( Ann Bindot | ) edition.cnn.com time to read: +10 min

“Here Lies Love” arrives onto Broadway, though, at a moment of greatly increased visibility, representation and empowered Filipino identity. Sonia Moskowitz/Getty Images“Here Lies Love” is an immersive experience that invites show-goers to the dancefloor, literally, imbuing the proceedings with a fun, nightclub-meets-karaoke vibe. That’s what I remember.”When the Marcoses fled to Hawaii in 1986, having been granted asylum by the United States, Salonga was celebrating her 15th birthday in Manila. The cast of "Here Lies Love" performing onstage. Watching “Here Lies Love” over two decades later, the emotion returned, packing an even stronger punch.

Persons: —, Lea Salonga, Kim, Salonga, Tony, ”, Imelda Marcos, Ferdinand Marcos, Aurora Aquino, Benigno “ Ninoy ” Aquino, Corazon Aquino, Marcoses, Corazon’s, Benigno “ Noynoy, Corazon III, Imelda, Andy Hernandez, Conrad Ricamora, Ninoy Aquino, she’s, “, ’, ’ ”, I’ve, ” Salonga, …, “ I’m, Willa Kim, Will Rogers, ” Lea Salonga, Jonathan Pryce, Sonia Moskowitz, Marcos, “ Laban, John Nacion, Jose Llana, ‘ We’ve, I’m, Ferdinand “ Bongbong ” Romualdez Marcos Jr, Ferdinand, Moses Villarama, Apl.de.Ap, H.E.R, Jo Koy, Jose Antonio Vargas, David Byrne —, Fatboy Slim, Moammar Gadhafi, Fidel Castro, Ronald Reagan, Castro, Gadhafi, Billy Bustamante, Matthew Murphy, Evan Zimmerman Organizations: CNN, New York, Broadway, San Francisco Bay Area, Manila International, Getty Locations: United States, Miss, ”, New, London, American, San Francisco Bay, Philippines, Manila, Mindoro, New York, ‘ Miss, New York City, Hawaii, “, Virginia

☆ Gaslighting: What it really is and how to address it
▼ + stars: | 2023-08-07 | by ( Kristen Rogers | ) edition.cnn.com time to read: +9 min

The concept of gaslighting originated from the 1944 film “Gaslight” and the 1938 play on which it was based. Signs you’re being gaslitThere are other common misconceptions about the nature of gaslighting, experts said. What pushes these behaviors into gaslighting territory has to do with what the person you’re dealing with says and their intentions behind it. The degree to which a person gaslights someone else can vary, but gaslighting is always emotional abuse, whether intentional or not, experts said. Talking to a therapist can help you get an objective perspective and see more clearly any signs of gaslighting behavior and psychological abuse, Kennedy said.

Persons: Jonah Hill, Sarah Brady, Webster, we’re, ‘, ”, Vanessa Kennedy, Monica Vermani, Gaslighting, ” Vermani, —, Vermani, Kennedy, “, she’s, ” Kennedy, — that’s, don’t, Duygu Balan, ” Balan, gaslighting, I’m, ’ ” Kennedy Organizations: CNN, Merriam Locations: Texas, Canada, San Francisco Bay

☆ Google is offering an on-campus hotel 'special' to help lure workers back to the office
▼ + stars: | 2023-08-04 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Google is hoping to lure workers back to the office with a new on-site hotel special, but some workers aren't convinced it's a good deal. The company said full-time employees can book a room at an on-campus hotel in Mountain View for $99 a night in what it's deeming a "Summer Special," according to materials viewed by CNBC. The Google-owned hotel is situated on a newer campus in Mountain View, California, that it opened last year. The city of Mountain View is especially short on housing and contains large swaths of corporate offices — many of which are owned or leased by Google. A Google spokesperson noted that the company regularly runs specials for employees to take advantage of the company's spaces and amenities.

Persons: aren't, it's, it'll Organizations: Google, CNBC, Ames Research Center Locations: Mountain View, Mountain View , California, San Francisco Bay, Mountain

☆ Best Place for A.I. Jobs (New Report Says) Won’t Surprise You
▼ + stars: | 2023-07-20 | by ( Steve Lohr | More About Steve Lohr | ) www.nytimes.com time to read: 1 min

The San Francisco Bay Area has ruled the technology industry for decades, from the early days of personal computers to the social media boom. The report, which the Washington think tank released on Thursday, said generative A.I. And the winners, so far, are San Francisco and San Jose, Calif. While that may not be surprising, the Brookings report may help to dispel the notion that smaller tech hubs like Austin, Texas, or Miami will be home to the next generation of big tech companies. If anything, it suggests the Bay Area’s hold on the tech industry could grow stronger.

Organizations: Brookings Institution Locations: San Francisco Bay, Washington, Francisco, San Jose, Calif, Brookings, Austin , Texas, Miami

☆ Some San Francisco Safeway stores added gates barring shoppers from leaving unless they scan a receipt. It's an anti-theft measure that has spread across the UK.
▼ + stars: | 2023-07-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Safeway has installed receipt-scanning gates at some supermarkets in the San Francisco Bay Area. The technology has already been rolled out at multiple UK retailers, and shoppers are skeptical. A Reddit post from this spring, meanwhile, showed the gates at another Safeway location in San Francisco. Security gates at self checkouts is more common in the UKAcross the Atlantic in the UK, a handful of retailers already use the receipt-scanning gates at self-checkout areas. Some people have compared the security gates to Costco's receipt-checking system.

Persons: that's, Primark, Betty Yu, Alex Bitter Organizations: Safeway, San Francisco Bay Area, Service, California Safeway, San Francisco Chronicle, University of California, Daily, Morrisons, Costco, Sun, Twitter, Walgreens, CBS, KPIX, Area Locations: San Francisco Bay, Wall, Silicon, Bay, Berkeley, San Francisco ., Edinburgh, San Francisco

☆ Elon Musk launches AI firm xAI as he looks to take on OpenAI
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +3 min

In a Twitter Spaces event Wednesday evening, Musk explained his plan for building a safer AI. Rather than explicitly programming morality into its AI, xAI will seek to create a "maximally curious" AI, he said. Musk in March registered a firm named X.AI Corp, incorporated in Nevada, according to a state filing. The firm lists Musk as the sole director and Jared Birchall, the managing director of Musk's family office, as a secretary. Dan Hendrycks, who will advise the xAI team, is currently director of the Center for AI Safety and his work revolves around the risks of AI.

Persons: Elon Musk, Musk, xAI, that's, Igor Babuschkin, DeepMind, Tony Wu, Szegedy, Greg Yang, Jared Birchall, Google's Bard, Microsoft's, Bing, Bard, Dan Hendrycks, Tesla, Akash Sriram, Chavi Mehta, Yuvraj Malik, Aditya Soni, Anna Tong, Shailesh Kuber, Leslie Adler Organizations: SpaceX, Twitter, Microsoft, Google, X.AI Corp, Center, AI Safety, X Corp, Thomson Locations: OpenAI, Nevada, San Francisco Bay, Bengaluru, Anna, San Francisco

☆ 11 U.S. cities where rent has fallen the most—a pandemic migration hot spot is No. 1
▼ + stars: | 2023-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Median rent prices in these cities dropped by 0.5% in the last year, according to an analysis by Realtor.com. For renters, the decrease is a much-needed break after rent prices soared by nearly 25% from 2020 through most of 2021. This, alongside a growing number of newly constructed apartments, has likely driven down rent prices, the study says. At the same time, rent costs have steadily risen in many major Midwest and Northeast cities. In Columbus, Ohio, rent prices grew by 9.3% — the highest increase of all cities.

Persons: Warren Buffett Organizations: Riverside, San Bernardino -, Austin, Dallas, Fort Locations: Austin, Las Vegas, Phoenix, Vegas, San Bernardino, San Bernardino - Ontario, California, Georgetown , Texas, Francisco Bay, Tampa, St, Petersburg, Clearwater , Florida, Fort Worth - Arlington , Texas, Charlotte, North Carolina, Sacramento , California, Atlanta, Denver, Midwest, Northeast, Columbus , Ohio, New York City, Pittsburgh, Boston, Buffalo , New York, Hartford , Connecticut, New Orleans, Providence , Rhode Island, Rochester , New York

☆ Tired of Elon Musk? Here are the Twitter alternatives you should know about
▼ + stars: | 2023-07-09 | by ( Jennifer Korn | ) edition.cnn.com time to read: +7 min

CNN —When Elon Musk took over Twitter in October and began upending the platform, there weren’t many viable alternatives for frustrated users. ThreadsThreads is Meta’s long-anticipated answer to Twitter and the biggest threat to the social network Musk bought for $44 billion. And Zuckerberg isn’t just looking to catch up to Twitter; he wants to build a service that’s far larger. Spill has also emerged as a haven for Black Twitter users and marginalized communities seeking a safe space online. BlueskyBluesky, a service backed by Twitter co-founder Jack Dorsey, looks identical to Twitter, with one key difference.

Persons: Elon Musk, Musk, Mark, ” Sarah Oh, Alphonzo Terrell, Zuckerberg, hasn’t, ” Zuckerberg, Terrell, “, ” Oh, Meta, ”, Jack Dorsey, Bluesky, Dorsey, Mastodon, It’s, Eugen Rochko, Cohost, reposts, don’t, Jae Kaplan, we’re Organizations: CNN, Twitter, Meta, San Francisco Bay Area, Cohost, “, Facebook Locations: San Francisco Bay

SAN FRANCISCO, July 8 (Reuters) - Venture capital firm Headline used to be in one of San Francisco's most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Venture capital firms are increasingly joining retailers and other businesses in finding homes outside downtown San Francisco. [1/5]People enjoy the afternoon in Presidio, a former military base-turned-national park in San Francisco California, U.S., July 7, 2023. They're actually really excited," said Eurie Kim, whose venture firm Forerunner left downtown for the Presidio in early 2022. "Mayor Breed continues to implement strategic initiatives to help stabilize existing businesses and recruit new ones as part of her Roadmap to Downtown San Francisco's Future plan.

Persons: Mathias Schilling, Schilling, Rex Salisbury, Carlos Barria, They're, Eurie Kim, CBRE, Lisa Petrie, Jon Rehagen, Molly Martell, San Francisco Mayor London Breed, Breed, Colin Yasukochi, Krystal Hu, Peter Henderson, Rosalba O'Brien Organizations: FRANCISCO, Venture, Employees, Presidio, Westfield, San, Felicis Ventures, Forerunner Ventures, Letterman, Cambrian Venture, San Francisco Bay Area, REUTERS, Presidio Trust, Lucasfilm, Walt Disney Family Museum, Catalyst, Brand, San Francisco Mayor London, Downtown San, CBRE's Tech, Thomson Locations: San Francisco, Presidio, San Francisco Bay, San Francisco's, There's, Sand, Silicon Valley, South, downtown San Francisco, San Francisco California, U.S, Marin, San Francisco ., South Park, Downtown

☆ Some US cities have replaced fireworks with drone shows to reduce wildfires and noise pollution
▼ + stars: | 2023-07-05 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +2 min

Some US cities have replaced fireworks with light shows performed by drones. Drone shows reduce the chance of wildfires and sound pollution. Lakewood, Boulder, and Castle Rock have opted for drone shows following the switch from other surrounding cities in Colorado last year. Some fireworks shows were canceled this year. Aside from noise pollution, fireworks are a leading cause of wildfires in many dry cities.

Persons: — Organizations: Service, Ocean, Los Angeles Regional, Quality Control Board, Washington State's Department of Natural Resources, Natural Resources, Coachella, Super Locations: California, Colorado, San Diego, La Jolla, Lakewood , Boulder, Angeles, San Francisco Bay, Washington

CNN —Wall Street bankers, investors and economists have for months waffled over whether a US recession is coming. But for some Americans, the unforgiving economic pain typical during recession has already set in. Consumer spending accounts for about two-thirds of economic output, so if more Americans are forced to cut back because they were laid off, that might throw the US economy into a recession. Bank of America Chief Executive Brian Moynihan told CNN last week that he expects a mild recession early next year, rather than the late 2022 recession many have predicted. That means that laid-off Americans were often able to find a new job quickly due to a hot job market.

Persons: Al Brown, Brown, it’s, ” Brown, That’s, Allison Joyce, haven’t, Nina McCollum, hasn’t, She’s, ” McCollum, ”, Thomas Simons, ” Simons, Eva Marie Uzcategui, —, Timothy A, Clary, Brian Moynihan, frustrates McCollum, Regina Walton, Walton, she’s, “ It’s, I’ve, ” Walton, “, I’m, Richard Murray, Murray, he’s, you’re Organizations: CNN, Wall, Flyers, New, New Hanover NCWorks, Workforce, Bloomberg, Getty, Investors, Jefferies, National Bureau of Economic Research, Traders, New York Stock Exchange, Bank of America, San Francisco Bay Area, Companies, Consolidated Omnibus Budget, Cascade Locations: Concord , North Carolina, America, New Hanover, Wilmington , North Carolina, Cleveland , Ohio, Miami , Florida, AFP, San Francisco Bay, “, Boston

☆ Bayer claims early lead in Parkinson's stem cell therapy
▼ + stars: | 2023-06-28 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

Some of this work is done by Britain's' Cambridge University, South Korea's Bundang CHA Hospital, International Stem Cell Corp's (ISCO.PK) Cyto Therapeutics in Australia, the Chinese Academy of Sciences, Harvard University and Japan's Kyoto University Hospital. For BlueRock's experimental therapy, researchers took induced pluripotent stem cells, which are modified to regain the ability to form any type of specialised tissue, and transformed them into dopamine-producing nerve cells. When surgically implanted into the brain of a person with Parkinson's disease, the therapeutic cells are designed to restore neural networks destroyed by the disease. Initial trial results showed the cells multiplied and started making dopamine, an important brain signalling molecule which is lacking in Parkinson's patients. Parkinson's, for which there is no cure and which affects more than 10 million people worldwide, causes progressive brain damage.

Persons: Wolfgang Rattay, Bayer, BlueRock, Britain's, Jennifer Doudna, Ludwig Burger, Miranda Murray, Mark Potter Organizations: Bayer AG, REUTERS, Bayer, Cambridge University, South Korea's, CHA Hospital, Cyto Therapeutics, Chinese Academy of Sciences, Harvard University, Japan's Kyoto University Hospital, BlueRock Therapeutics, Mammoth Biosciences, Thomson Locations: Leverkusen, Germany, FRANKFURT, Australia, San Francisco Bay

☆ Black Americans are getting support for reparations from other multiracial groups
▼ + stars: | 2023-06-18 | by ( Stephanie Elam | ) edition.cnn.com time to read: +10 min

Mass is part of a growing wave of multiracial support for Black American reparations – with many Jewish and Japanese organizations among them. It’s just human beings.”Amy Iwasaki Mass reads her 1981 testimony in favor of redress for Japanese Americans held in internment camps during World War II. “But I do think Japanese Americans as a group do understand what it’s like to be excluded on the basis of race.”Acknowledging the cost of historyPassage of the Civil Liberties Act of 1988 gave affected Japanese Americans the $20,000 payment and a formal letter of apology from President Ronald Reagan. Tamaki and Simon agree that arguments against reparations fail to acknowledge the cost of being part of a society. That’s called being a citizen.”Tamaki agrees that the work to repair the damage done to Black Americans is expensive and arduous, but it must begin at some point.

Persons: Amy Iwasaki, “ It’s, Stephanie Elam, San Francisco –, Don Tamaki, ” Tamaki, Ronald Reagan, Mass, …, Tamaki, ”, Don Tamaki's, Don Tamaki Tamaki, there’s, ” Tamaki mused, San Francisco, Timothy Alan Simon, ” Simon, Franciscan Timothy Alan Simon, San Francisco's, CNN “, “, Simon, ’ …, That’s, it’s Organizations: CNN, Black, California –, Force, Civil, University of California, Topaz, ”, Franciscan, California African American Chamber of Commerce, American Locations: Japan, Pearl, California, San, Heart Mountain , Wyoming, Wyoming, San Francisco Bay, Berkeley, Tanforan, San Bruno , California, Apt, Utah, Northern California, San Francisco, Franciscan, Francisco, Bay, state’s, America

Search resuls for: "San Francisco Bay Area"

25 mentions found