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☆ The tech industry avoided an ‘extinction-level event,’ but it’s not unscathed
▼ + stars: | 2023-03-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

CNN —For much of the weekend, Silicon Valley scrambled to find a way through what one prominent tech investor described as an “extinction-level event for startups” after the collapse of a top lender in the industry. “You can feel the collective *sigh*,” Ryan Hoover, a tech founder and investor wrote on Twitter Sunday. SVB’s collapse also risks changing how the world, and prospective recruits, think of Silicon Valley. The bank worked with nearly half of all venture-backed tech and healthcare companies in the United States. President Joe Biden emphasized in remarks Monday that “no losses will be borne by the taxpayers” related to the government’s intervention for Silicon Valley Bank.

☆ How Silicon Valley Bank's collapse ripped through global tech
▼ + stars: | 2023-03-13 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

March 14 (Reuters) - Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. While the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined. FOUNDERS WARYQuincy Lee, founder of Seattle-based EV charging startup Electra Era, tried to move millions of dollars from Silicon Valley Bank on Thursday afternoon as warning signs multiplied. European stocks fell on banking industry concerns, though, and even startups that did not bank with SVB were scrambling. CHINESE STARTUPS MOVING MONEYSVB's Shanghai-based joint venture, SPD Silicon Valley Bank (SSVB), said it had a sound corporate structure and an independent balance sheet.

☆ Almost 30,000 Amazon employees have signed an internal petition to fight the company's return-to-office mandate. Read the full copy here.
▼ + stars: | 2023-03-10 | by ( Eugene Kim | ) www.businessinsider.com time to read: +15 min

New mandate requires most office workers to come into the office at least 3 times a week starting in May. About 3 weeks since the announcement of the new policy, more than 29,200 Amazon employees have signed an internal petition opposing the mandate. Roughly 30,000 Amazon employees have joined that Slack channel, which was created shortly after the RTO announcement. In the petition, Amazon employees added internal data supporting continued remote work and dozens of comments explaining why they oppose the change. A 2013 Stanford University study of Chinese workers found that remote workers are 13% more productive than their in-office counterparts.

☆ Shawn Kemp, Former NBA Star, Arrested in Drive-By Shooting
▼ + stars: | 2023-03-09 | by ( Gareth Vipers | ) www.wsj.com time to read: 1 min

Shawn Kemp is the Seattle SuperSonics’ fifth-highest points scorer of all time. Six-time NBA All-Star Shawn Kemp was arrested in connection with a drive-by shooting outside a mall in Tacoma, Wash., according to officials. Officers responded to reports of shots being fired in the parking lot of the Tacoma Mall, around 30 miles south of Seattle, just before 2 p.m. local time on Wednesday, the Tacoma Police Department said.

☆ The 'office apocalypse' won't doom big cities — it's actually making them stronger
▼ + stars: | 2023-03-02 | by ( Matthew E. Kahn | Christopher Okada | ) www.businessinsider.com time to read: +12 min

In San Francisco, tax revenue is projected to drop by as much as a billion dollars over the next six years. In order to bring in these new residents, cities will have to shift some of their priorities. Research coauthored by Steven Levitt of "Freakonomics" found that increases in violent and property crimes were correlated with city residents migrating to the suburbs. All is not lostThere's little doubt that superstar cities like New York and San Francisco have serious problems on their hands. Christopher Okada is the CEO of Okada & Company, a full-service commercial real estate brokerage and investment company in New York City.

☆ NHL roundup: Wild's Kirill Kaprizov caps hat trick in OT
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +6 min

Sabers 7, Capitals 4Dylan Cozens delivered his first career hat trick, and Buffalo defeated visiting Washington. Vinnie Hinostroza had a goal and an assist for Buffalo, while Cozens added an assist for the first four-point game of his career. T.J. Oshie scored his fourth goal in three games and added an assist, and Dylan Strome had a goal and an assist. Nick Schmaltz had a goal and an assist, and Shayne Gostisbehere also scored a goal for Arizona. Trocheck added an assist, and Mika Zibanejad and Artemi Panarin each had a goal and an assist.

☆ Three Mountain Climbers Killed in Washington After Triggering Avalanche
▼ + stars: | 2023-02-22 | by ( Joseph De Avila | ) www.wsj.com time to read: 1 min

The Cascade Mountains located in Washington. Three people died in an avalanche after attempting to scale a 8,700-foot summit in Washington’s Cascade Mountains, officials said. The climbing party of six set out Sunday to climb Colchuck Peak located about 70 miles east of Seattle, the Chelan County Sheriff’s Office said Tuesday.

☆ Amazon employees push CEO Andy Jassy to drop return-to-office mandate
▼ + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

A group of Amazon employees is urging CEO Andy Jassy to reconsider a recent return-to-office mandate. Last week, Jassy announced Amazon would require corporate staffers to spent at least three days a week in the office beginning May 1. Staffers on Friday created a Slack channel to advocate for remote work and share their concerns about the new return to work policy, according to screenshots viewed by CNBC. Amazon hasn't addressed whether remote employees will be asked to relocate, beyond Jassy noting that there will be "a small minority" of exceptions to the new policy. WATCH: Andy Jassy on the benefits of remote work

☆ Struggling aerospace suppliers may not be able to support jet output hikes - survey
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +2 min

Feb 16 (Reuters) - Meeting Boeing Co (BA.N) and Airbus SE's (AIR.PA) planned jet output hikes this year will not be a "slam dunk" for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers showed on Thursday. "This comes as a surprise as we would have expected for sentiment to improve considering the industry focus on labor, inflation and supply chain," Morgan Stanley analyst Kristine Liwag said in a note. Boeing and Airbus have struggled to raise jet production amid parts and labor shortages. About 63% of those who responded to the Morgan Stanley survey, conducted at the Pacific Northwest Aerospace Alliance Annual Conference outside of Seattle, were smaller suppliers with less than $100 million in annual revenue. Reporting by Abhijith Ganapavaram in Bengaluru and Valerie Insinna in Washington; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Hundreds of flexitarians are flocking to this vegan burger upstart. Here's why.
▼ + stars: | 2023-02-11 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Plant-based burger chain Next Level Burger is backed by Whole Foods. He'd given up red meat in 2010, after his mother died of cancer at 56. Both became early backers of de Gruyter's brand, Next Level Burger, which has grown to nine restaurants in six states. Following a $20 million raise last fall, Next Level Burger opened its 10th location and second restaurant in Seattle in late January. Next Level Burger patties are made of quinoa and mushrooms.

☆ A Theoretical Physicist Wanted His Seattle Home Devoid of Curves. ‘It’s The Influence of Linear Algebra on Me.’
▼ + stars: | 2023-02-09 | by ( Nancy Keates | ) www.wsj.com time to read: 1 min

On the surface, the some $1.8 million renovation of Dave Bacon and Cindy Wood Bacon’s Midcentury Modern home in the Magnolia neighborhood of Seattle was pretty straightforward: updating the kitchen, opening up the main living space and changing finishes. A closer look reveals a much more unusual project, dictated primarily by the character of its owner.

☆ A landlord and early retiree uses a strategy that involves asking his 16 tenants to raise their own rents. He explains how it resulted in a 20-28% increase last year and 'happy tenants.'
▼ + stars: | 2023-02-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

To run a sound real estate business, you have to raise rent prices over time, says one investor. When the eviction moratorium in Washington expired at the end of 2021, landlords who had been feeling the squeeze could start increasing rent prices again. Having happy tenants is important. At the end of the day, to run a successful business as a landlord, you have to increase rent over time. The key is to do it while simultaneously maintaining happy tenants.

☆ Analysis: Airbus and Boeing try to fill giant factories with small jets
▼ + stars: | 2023-01-31 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

[1/5] A350 passenger aircraft are seen parked at the Airbus factory in Blagnac near Toulouse in France, June 18, 2020. That comes as Airbus is mid-way through installing a new production line for its hot-selling A321neo narrow-body jet in the deserted Lagardere building. 'STATEMENT' TO AIRBUS AND INVESTORSAirbus and Boeing were for years evenly matched in the single-aisle market which generates most cash. "(Boeing) don't want to be in a situation where Airbus moves to 70 and they are stuck at 50. "So this is a very important statement (to Airbus): 'We are not going to withdraw from the market'," he added.

☆ Amazon set to begin new round of layoffs affecting over 18,000 people
▼ + stars: | 2023-01-18 | by ( Annie Palmer | ) www.cnbc.com time to read: +1 min

The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Amazon on Wednesday will begin a fresh round of job cuts in what's expected to become the largest workforce cuts in its 28-year history. It comes after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. Amazon isn't the only tech company making cuts to its workforce. WATCH: Tech layoffs mount as Amazon announces it's cutting another 18,000 jobs

☆ People with diabetes struggle to find Ozempic as it soars in popularity as a weight loss aid
▼ + stars: | 2023-01-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Berkeley-Lovelace-Jr.Jpg | Berkeley Lovelace Jr. | ) www.nbcnews.com time to read: +5 min

For the past two years, she's managed the condition using a drug called Ozempic, which helps people with diabetes keep blood sugar levels in check. "It's been very frustrating," Largent-Phillips, of Florida, said of the shortage, adding that her blood sugar levels have been fluctuating as she's had to change medications. If the body doesn't use it well, that sugar stays in the blood, resulting in high blood sugar levels. His wife, Gerilynn, who is a nurse, said his blood sugar levels have gone back up since being off Ozempic. Largent-Phillips, of Florida — who has been documenting her experience on TikTok — said that for now, she has to be vigilant about monitoring her blood sugar levels.

☆ Elon Musk says Twitter's decision to hire a law firm that he'd previously criticized and boycotted was the result of an employee 'error'
▼ + stars: | 2023-01-07 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Twitter hired a law firm that CEO Elon Musk publicly criticized last month and said "thrives on corruption." Musk told Reuters on Friday that hiring law firm Perkins Coie was "an error on the part of a member of the Twitter team." He added that the firm "will not be representing Twitter on future cases." Musk told Reuters on Friday that Twitter's hiring of Seattle-based law firm Perkins Coie was "an error on the part of a member of the Twitter team." Musk didn't immediately respond when asked if Perkins Coie would continue to represent Twitter in those cases, Reuters said.

☆ Amazon Layoffs to Hit Over 18,000 Workers, the Most in Recent Tech Wave
▼ + stars: | 2023-01-05 | by ( Dana Mattioli | Jessica Toonkel | ) www.wsj.com time to read: 1 min

The headquarters of Seattle-based Amazon, which was initially expected to pare roughly 10,000 employees from the company’s workforce. Amazon .com Inc.’s layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back amid economic uncertainty. The layoffs are concentrated in the company’s corporate ranks and represent roughly 5% of that element of its workforce, and 1.2% of its overall tally of 1.5 million employees as of September.

☆ Amazon Layoffs to Hit Over 17,000 Workers, Most in Recent Tech Wave
▼ + stars: | 2023-01-05 | by ( Dana Mattioli | Jessica Toonkel | ) www.wsj.com time to read: 1 min

The headquarters of Seattle-based Amazon, which was initially expected to drop at total of roughly 10,000 employees. Amazon .com Inc.’s layoffs will affect more than 17,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back in the face of economic uncertainty, according to people familiar with the matter. The Seattle-based company in November said that it was beginning layoffs among its corporate workforce, with cuts concentrated on its devices business, recruiting and retail operations. At the time, The Wall Street Journal reported the cuts would total about 10,000 people. Thousands of those cuts began last year.

☆ A 30-year-old self-made millionaire shares 4 investing principles to follow in 2023
▼ + stars: | 2023-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

He shares four investing principles that anyone can follow in 2023 to build wealth. He earned enough from his salary plus commissions to start investing in real estate in his early 20s. While real estate may always be his bread and butter, he also invests in the stock market. The self-made millionaire shared four investing principles that anyone can follow in 2023 to build wealth. This principle can also be applied to real estate investing.

☆ Alaska man misses heart transplant surgery after winter storm cancels his flight to Seattle
▼ + stars: | 2022-12-30 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

In the span of eight hours, Patrick Holland went from excitement to hope to crushing disappointment after a massive winter storm caused him to miss a lifesaving heart transplant procedure. Patrick Holland told the news station that he was in the air for four hours when the pilot made an announcement: the plane was being diverted to Anchorage. "I think I cried more that day than I have in my life," he told King 5. In the meantime, Patrick Holland will be staying in Washington state so he is closer to the hospital. Patrick Holland told King 5 that receiving a new heart would hopefully give him the opportunity to live another 10, 20, or even 30 years.

☆ Two substations attacked in Washington state, utility says
▼ + stars: | 2022-12-25 | by ( ) www.reuters.com time to read: +1 min

Dec 25 (Reuters) - Thousands of residents were without power near Tacoma, Washington, after two electrical substations were attacked, and the incidents have been reported to the police, the local utility company said on Sunday. "Early this morning, two Tacoma Power substation facilities were attacked in east Pierce county. ... Law enforcement has been notified," Tacoma Public Utilities said in a post on Twitter. The utility gave no other details about the nature of the Christmas Day attack. Earlier this month, a utility in North Carolina reported outages from what local authorities said were orchestrated shootings now being investigated by federal law enforcement.

With the deep freeze stretching from Montana to Texas as it crept eastward, some 240 million people - more than two-thirds of the U.S. population - were under winter weather warnings and advisories on Friday, the National Weather Service (NWS) said. The map of existing or impending wintry hazards "depicts one of the greatest extents of winter weather warnings and advisories ever," the NWS said. [1/5] A driver makes their way through a flooded street at high tide during a winter storm in Gloucester, Massachusetts, U.S., December 23, 2022. Their plight has added to local agencies scrambling to get people off the streets as the arctic blast arrived. While some areas downwind from the Great Lakes received a foot or more of snow on Friday, "the big story wasn't so much the falling snow but the blowing snow," weather service meteorologist Brian Hurley said.

☆ Here's how the US government is developing 5G for underwater Navy sensors and bomb disposal on land
▼ + stars: | 2022-12-20 | by ( Clara Mcmichael | ) www.businessinsider.com time to read: +5 min

The US government is working to integrate 5G into technology that addresses environmental hazards. The Navy is working with an Energy Department subsidiary on 5G tech meant to detect marine life. This article is part of "How 5G Is Changing Everything," a series about transformational 5G tech across industries. The lab collaborates with other government agencies to weave the latest 5G technology into their operations and has worked on projects ranging from underwater sensors to land-based bomb-disposal robots. The Navy is particularly interested in working on 5G underwater, where it could enable faster data collection and analysis, more efficient environmental monitoring, and better communication with the Navy's underwater assets.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Cardinals vs Patriots: Arizona's woes continue as Kyler Murray hurt in 27-13 loss to New England
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +27 min

Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

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