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☆ Everything we know about "Daredevil: Born Again," where creepy villain Muse will join the MCU
▼ + stars: | 2024-08-12 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +5 min

Read preview"Daredevil: Born Again" is giving Charlie Cox the chance to return as blind lawyer-turned-vigilante Matt Murdock, several years after the Netflix "Daredevil" series was axed. "Daredevil: Born Again" introduces the serial killer, Muse. AdvertisementThis confirms that Daredevil will face off with Bullseye again after their brutal conflict in "Daredevil" season three. "Daredevil: Born Again" releases on Disney+ in March 2025. Marvel Studios/DisneyThe D23 2024 panel for the series confirmed that "Daredevil: Born Again" starts streaming on Disney+ in March 2025.

Persons: —, Charlie Cox, Matt Murdock, Jessica Jones, Luke Cage, Cox, Murdock, Peter Parker, Tom Holland, Jennifer Walters, Ron Garney, Charles Soule, Wilson Bethel, Griffin, Benjamin Poindexter, Bullseye, Jon Bernthal, Frank Castle, Matthew Murdock, Deborah Ann Woll, Elden Henson Charlie Cox, Elden Henson, Vincent D'Onofrio, Jesse Grant, Karen Page, Foggy Nelson, Bernthal, D'Onofrio, Vanessa Fisk, Margarita Levieva, Heather Glenn, los Reyes Organizations: Service, Netflix, Business, Marvel, Marvel Entertainment, Forbes, Disney, Marvel Studios, TV Locations: New York

The 2024 Paris games are coming to a close — and an iconic indie rock band has kicked off the farewell to the athletes. Phoenix was tapped to perform in the closing ceremony in a celebration of French artists and their influence on music. Following the athlete's parade and acrobatic performers, Phoenix began a celebration of French artistry with a performance of "Lisztomania." Phoenix perform during the closing ceremony of the Paris Summer Olympic Games on Sunday. Paris Mayor Anne Hidalgo will give the Olympic flag to Los Angeles Mayor Karen Bass to symbolize the transition.

Persons: Phoenix, David Fitzgerald, Sportsfile, Ezra Koenig, Snoop, Paris Mayor Anne Hidalgo, Los Angeles Mayor Karen Bass, H.E.R, Billie Eilish Organizations: Phoenix, Paris, Getty, Angeles, Paris Mayor, Los Angeles Mayor, U.S . Locations: Paris, Los Angeles, Los, California

☆ Olympics closing ceremony: 5 takeaways from an extremely memorable party
▼ + stars: | 2024-08-11 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +7 min

The volunteers of Paris 2024 deserved a huge thank you and they got one to start off the closing ceremony. Karaoke sets off a party as the athletes are ‘Freed From Desire’The closing ceremony’s parade of nations was a celebration from the start. After most of the athletes entered the stadium, it was time for a little karaoke with 80,000 people all singing together. But for one incredible moment, there was nearly a mosh pit in the center of the Olympics’ closing ceremony. Cruise was handed the Olympic flag and gave it a wave before he went back into the crowd of athletes.

Persons: Denis, ‘, Rizzatto’s “, ”, wristbands, lister, Los Angeles Mayor Karen Bass, Simone Biles, Tom Cruise –, –, Cruise, Billie Eilish, Snoop Dogg, Dre Organizations: France CNN, Stade de France, Volunteers, Olympic Games, Paris, Olympic, Bluetooth, International Olympic Committee, Los Angeles Mayor, Hollywood, City of Angels Locations: France, Paris, City

Unlike the ambitious opening ceremony, the closing ceremony will take a more traditional route. Rather than the open-air venue of the Seine River, the closing ceremony will be held in the 80,000-seat Stade de France. What time does the Olympic closing ceremony start? Similar to the opening ceremony, many details about the closing ceremony have been kept under wraps. Swimmer Katie Ledecky and rower Nick Mead will be the flag bearers during the closing ceremony.

Persons: Peacock, Thomas Jolly, Paris Mayor Anne Hidalgo, Los Angeles Mayor Karen Bass, Mike Tirico, Jimmy Fallon, Terry Gannon, Tara Lipinski, Johnny Weir, Snoop Dogg, H.E.R, Billie Eilish, Thierry Reboul, Tom Cruise, Katie Ledecky, Nick Mead, Ledecky, Mead, Liam Corrigan, Michael Grady, Justin Best Organizations: Stade de France, American women’s rugby, Los Angeles Games, NBC, U.S, NBC Olympics, NBC News, Records, Paris Mayor, Los Angeles Mayor, Paralympic Games, Olympic Games, Stoke, Olympics, Beijing Games, ., Phoenix, Games, USA Locations: Seine, Paris, Los Angeles, Los, Stoke Mandeville, France, Tokyo, California, Europe

Here’s a look at what voters had to say as part of four different groups: Trump loyalists, center-right voters conflicted about Trump, young progressives and traditional Democrats. But a group of these women did admit that the decision by Democrats to swap out Biden for Harris does concern them. “My concern about Trump is him making too aggressive of choices and us not being able to recover from it. But that does make me nervous because, did we vet everything that’s going to happen?” said Alyssa, a 29-year old woman who is still undecided on how she’s voting this fall. That’s powerful.”Traditional Democrats think Biden had to goThat support for Biden hanging up his political spikes extended to the group of traditional Democrats too.

Persons: Donald Trump, Kamala Harris, That’s, Elise Jordan, Trump, Harris, — they’re, Joe Biden’s, Tara, Biden, “, ” Kelly, we’ve, ”, Amy, —, ” Mary, “ Trump, Kelly, they’ve, they’re, Alyssa, it’s, Dawn, she’s, Karen, ” Karen, he’s, Kamala, ” Young, Nicholas, I’ve, Joe, “ It’s, we’re, ” Myra, Brett, “ I’m, Richard, Jolenta, wasn’t, ” Richard Organizations: Wisconsin, MSNBC, Trump loyalists, Trump, Kia, Biden Young, Democrats, Hamas, Biden Locations: Wisconsin

Following decades of grievances, the federal government on Thursday changed a policy that disqualified some disabled veterans from receiving subsidized housing. Advocates hope a new federal policy will help more disabled homeless veterans get off the streets. A homeless veterans encampment in Los Angeles in 2021. “No matter where veterans are, if we have homeless veterans, we are committed to them,” he said. About 1,834 homeless veterans were counted in Los Angeles this year, compared with 2,696 last year.

Persons: Al Seib, Denis McDonough, Francine Orr, Karen Bass, George Rose, ”, Mark Rosenbaum, Rosenbaum, Terrence Hayes, Hayes Organizations: of Housing, Urban, Veterans, Los Angeles Times, Getty, Veterans Administration, “ Veterans, American Civil Liberties Union of Southern, Los, Los Angeles, HUD Locations: Al, Los Angeles, ”, Westwood, Brentwood, American Civil Liberties Union of Southern California, “, Los Angeles County, U.S

☆ CVS slashes profit guidance, will cut $2 billion in expenses as insurance costs climb
▼ + stars: | 2024-08-07 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024. CVS Health on Wednesday slashed its full-year profit outlook again and announced a new plan to cut $2 billion in expenses over several years as higher medical costs squeeze the company and the broader U.S. insurance industry. CVS also cut its unadjusted earnings guidance to a range of $4.95 to $5.20 per share, down from at least $5.64 per share. Those ratings help Medicare patients compare the quality of Medicare health and drug plans. Medicare Advantage, a privately run health insurance plan contracted by the federal Medicare program, has long been a driver of growth and profits for the insurance industry.

Persons: Brian Kane, Karen Lynch, Thomas Cowhey, Katerina Guerraz, Lynch, LSEG, CVS, Cowhey, Caremark Organizations: CVS Health Corp, CVS Health, Aetna, CVS, Affordable, Medicare, UnitedHealth, Humana, Elevance, LSEG Locations: Las Vegas , Nevada

☆ Myanmar junta says senior officers held as rebels seize major base
▼ + stars: | 2024-08-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

Myanmar’s junta has lost communications with senior officers at a major military base near the Chinese border, in a rare admission of battlefield failure after rebels announced they had taken control of the key regional army headquarters. Junta troops have been unable to contact an undisclosed number of officers at the besieged northeastern regional command, military spokesman Zaw Min Tun said Monday, following weeks of intense fighting in and around the town. “The rapid fall of the Myanmar army’s Northeastern Command makes it fully clear to the ranks of the resistance and to neighboring countries just how weak the Myanmar military has become,” said Jason Tower at the United States Institute of Peace. “For Min Aung Hlaing, the implications are existential,” he said, referring to the embattled junta chief. “We will also continue to fight as allies until the military falls,” said the statement from the Kachin, Karen and Chin groups.

Persons: Zaw Min Tun, ”, Myanmar’s, “ MNDAA, Lashio, Jason Tower, Aung, “, Chin Organizations: Myanmar National Democratic Alliance Army, Junta, Northeastern Command, Myanmar, United States Institute of Peace, Sunday Locations: Lashio, “, Shan, Beijing, China, Myanmar, Thai, Kachin

☆ 'Consumers are very cost conscious,' says Barclays' head of retail
▼ + stars: | 2024-08-06 | 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 Email'Consumers are very cost conscious,' says Barclays' head of retailKaren Johnson, head of retail at Barclays, discusses the lender's latest consumer spending report and the impact of seasonal weather and events on spending patterns.

Persons: Karen Johnson Organizations: Barclays

How Trump-Vance and Harris-Walz Made It to the Presidential TicketComparing the major career moments of the 2024 presidential and vice-presidential candidates.

Persons: Vance, Harris, Walz Organizations: Trump

☆ In Photos: The best fashion, looks and trends from the 2024 Paris Olympics so far
▼ + stars: | 2024-08-05 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Even the Olympic athletes are letting their personalities shine through via arty manicures or spray-painted hair. Christophe Petit Tesson/Pool/EPA/ShutterstockBritish Prime Minister Keir Starmer wore a Team GB rain jacket to the opening ceremony of the Olympic Games Paris 2024. Matthew Stockman/Getty ImagesLady Gaga wore custom-made Dior during her cabaret-inspired performance at the opening ceremony. John Walton/PAUS track and field athlete Sha'Carri Richardson dazzled the camera with her custom manicure during the opening ceremony. Jamie Squire/Getty ImagesModel Kendall Jenner seen wearing Team USA merchandise and high-waisted jeans on August 1.

Persons: Anna Wintour, Ariana Grande, Thom Browne, Zendaya, Law Roach, Jean, Charles de Castelbajac, it’s, Keir Starmer, —, Celine Dion, Serena Williams, Louis Vuitton, Fondation Louis Vuitton, Anthony Behar, Cynthia Erivo, Vuitton, Browne, Christophe Petit Tesson, Karwai Tang, Thelma Davies, Emmanuel Matadi, Lars Baron, Getty, Chrissy Teigen, John Legend, Matthew Stockman, Lady Gaga, Dior, John Walton, Sha'Carri Richardson, Ashley Landis, Dr, Jill Biden, Ralph Lauren, Karen Bass, Jamie Squire, Shirine Boukli, Buda Mendes, Sauer, Charles McQuillan, Snoop Dogg, Charlie Riedel, Jessica Chastain, Yuto Horigome, Sara Balzer, Mustafa Ciftci, Nicole Kidman, Natalie Portman, Simone Biles, Pete Dovgan, ” Biles, “, I’m Simone Biles, Kendall Jenner, Sharon Stone, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Arturo Holmes, Jordan Chiles, Alvaro Diaz, Latifah, Sameer Al, Princess Anne, Pascal Le Segretain, Noah Lyles, Christian Petersen, Kirill Kudryavtsev Organizations: CNN, Olympic Games, Vogue, arty, Starmer’s, Fondation Louis, British, Team Liberia, Getty, USA, South Korean Olympic, NBC, Apple, Nike, Kyodo, Anadolu Agency, Speed, Team USA, Europa Press, Team Locations: Paris, New York, Chloé, AFP, Los Angeles, Spring , Texas, Serbia, USA

☆ The Fed is trying to 'fight a ghost' as recession fears mount, investor says
▼ + stars: | 2024-08-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

LONDON — As a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room for manoeuvre, investor Cole Smead warned Monday. "The Fed is trying to fight a ghost in some respects. But it's a fiscal problem, and that fiscal problem's not ending," he said. The CBOE Volatility Index, also know as the "VIX" — a measure of expected market volatility — jumped to 41.65, according to LSEG data, hitting its highest level since October 2020, as risk fears returned to the market. "Whoever comes in, be it Kamala Harris or Donald Trump, there's going to be an interest in trying to prop up anything," he said.

Persons: Jerome Powell, William McChesney Martin, Cole Smead, Smead, CNBC's, Jay Powell, Kamala Harris, Donald Trump Organizations: Federal Reserves, Washington , D.C, LONDON, Federal, Smead Capital Management, CNBC, Reuters Locations: Washington ,, U.S, Europe, Asia

☆ Study Puts a $43 Billion Yearly Price Tag on Cancer Screening
▼ + stars: | 2024-08-05 | by ( Gina Kolata | ) www.nytimes.com time to read: +1 min

The United States spent $43 billion annually on screening to prevent five cancers, according to one of the most comprehensive estimates of medically recommended cancer testing ever produced. The analysis, published on Monday in The Annals of Internal Medicine and based on data for the year 2021, shows that cancer screening makes up a substantial proportion of what is spent every year on cancer in the United States, which most likely exceeds $250 billion. The researchers focused their estimate on breast, cervical, colorectal, lung and prostate cancers, and found that more than 88 percent of screening was paid for by private insurance and the rest mostly by government programs. For Karen E. Knudsen, the chief executive of the American Cancer Society, the value of screening for the cancers is clear. It’s the right thing to do for individuals.”

Persons: Michael Halpern, Karen E, Knudsen, ” Organizations: United, Internal, Cancer, American Cancer Society Locations: United States

☆ Real estate values in Texas and Florida are being hit by violent weather as insurance costs spike
▼ + stars: | 2024-08-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The rise in violent weather events over the past few years are driving a decline in real estate values in Texas, Florida, and Louisiana, according to a recent note from Capital Economics. Related storiesAccording to data from MSCI, insurance costs in Florida have more than doubled from less than 2% of income receivable in 2017 to 4.5% at the end of 2023. And those higher costs have ultimately helped drag down property values in impacted regions, especially in the multifamily sector. Capital EconomicsBut there has been a sign of hope in that the rate of growth in insurance costs appears to have peaked, according to Pattison. But she says the ongoing trend of violent weather could still exacerbate the issue in the future, further driving real estate values down in the most impacted regions.

Persons: Imogen Pattison, Beryl —, Karen Clark, they're, Pattison, CBRE Organizations: Service, Capital Economics, Business Locations: Texas , Florida, Louisiana, MSCI, Florida, multifamily, Florida , Texas

Hospitals have identified at least 30 newborns with what has been identified as “fetal fentanyl syndrome,” NBC News has learned. The infants had specific physical birth defects: cleft palate, unusually small heads, drooping eyelids, webbed toes and joints that weren’t fully developed. Birth defects linked to fentanyl by geneticists at Nemours Children’s Health in Wilmington, Del. But despite a rise in fentanyl misuse, even during pregnancy, there is no indication of a concurrent rise in birth defects. And most babies exposed to fentanyl in utero aren’t born with the defects that are hallmarks of the fetal fentanyl syndrome.

Persons: they’d, “, ”, Miguel Del Campo, Del, He’d, Dr, Karen Gripp, Smith, ” Gripp, Karoly Mirnics, Center's Munroe, ” Del Campo, “ They’re Organizations: NBC, Rady Children’s, Elsevier, University of Nebraska Medical Center, Psychiatry, University of Nebraska, Meyer Institute, University of California Locations: San Diego, Nemours Children’s, Wilmington , Delaware, Wilmington, Del, Nemours, University of California San Diego

☆ UK lenders slash mortgages as Bank of England rate cut brings relief to homeowners
▼ + stars: | 2024-08-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Homeowners on tracker mortgages, which follow the Bank's base rate, will be the first to benefit from the savings. Barclays , Santander, Metro Bank, Lloyds , Halifax, Nationwide and HSBC all cut repayments costs by 25 basis points shortly after the BOE's announcement. Those on standard variable rates, which typically take effect once a borrower's tracker or fixed rate deal ends, will also see savings. Given their more volatile nature, tracker and SVR mortgages remain a relatively niche part of the U.K. mortgage market. However, analysts suggest it may not be long until reductions feed through to the 6.93 million households on fixed rate mortgages.

Organizations: Bank of England, HSBC, Santander, Nationwide, Homeowners, Barclays, Metro Bank, Lloyds, Finance Locations: London's Muswell Hill, London, Halifax, Santander

☆ Tech Bosses Preach Patience as They Spend and Spend on A.I.
▼ + stars: | 2024-08-02 | by ( Karen Weise | ) www.nytimes.com time to read: 1 min

Mark Zuckerberg, Meta’s chief executive, started 2023 by declaring it the “year of efficiency.” Like several of its big tech peers, Meta cut jobs and mothballed expansion plans. Mr. Zuckerberg started this year saying his company would spend more than $30 billion in 2024 on new tech infrastructure. On Wednesday, he increased it to at least $37 billion. And he said Meta would spend even more next year. Mr. Zuckerberg said he’d rather build too fast “rather than too late,” and allow his competitors to get a big lead in the A.I.

Persons: Mark Zuckerberg, Zuckerberg, Meta, he’d

☆ Consumer staples dodge sell-off
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer staples dodge sell-offKaren Finerman, Metropolitan Capital CEO, and Carter Worth, Worth Charting founder and CEO, join 'Fast Money' to discuss consumer staples as the sector managed to dodge today's market sell-off.

Persons: Karen Finerman, Carter Worth Organizations: Metropolitan Capital

☆ Weak jobs report spooks market
▼ + stars: | 2024-08-02 | 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 EmailWeak jobs report spooks marketMike Khouw, chief strategist at OpenInterest.PRO; Bonawyn Eison CIO and managing partner at Wynsource Partners; Karen Finerman, Metropolitan Capital CEO; and Carter Worth, Worth Charting founder and CEO, join 'Fast Money' to discuss the market after stocks fell sharply Friday due to a weaker-than-expected July jobs report, sparking recession fears.

Persons: Mike Khouw, Bonawyn, Karen Finerman, Carter Worth Organizations: Wynsource Partners, Metropolitan Capital

☆ Trump said having JD Vance as his VP will have 'virtually no impact' on the race. Political scientists say otherwise.
▼ + stars: | 2024-08-01 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Read previewDuring a chaotic and sometimes combative interview at the National Association of Black Journalists conference on Wednesday, former President Donald Trump said vice presidents have "virtually no impact." "Historically, the vice president — in terms of the election — does not have any impact. The Influence of Vice Presidential Candidates in Presidential Elections." AdvertisementHe said that they act as "attack dogs" on behalf of the presidential candidate and work to drum up support for them. For those who do become vice president, history shows they can play a meaningful role in governing.

Persons: —, Donald Trump, Sen, JD Vance, Trump, Vance, Vance's, Karen Hult, Christopher J, Devine, Joel Goldstein, Andrew Gelman, Gelman, Richard Yon, Yon, Gore, Mondale, Carter, Cheney, Bush, Biden, Obama Organizations: Service, National Association of Black Journalists, Business, Virginia Tech, Saint Louis University, Columbia University, Shadows Locations: Trump, Clinton

☆ Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
▼ + stars: | 2024-08-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results. That's up from the £1.7 billion to £2.0 billion forecast in its 2023 full-year results and ahead of market expectations. The firm, which supplies aviation giants Boeing and Airbus, also said it would resume dividends for full-year 2024, starting at a 30% pay-out ratio of underlying profit after tax. "These results and our increased financial resilience give us the confidence to raise our 2024 guidance and reinstate shareholder distributions in respect of the full year 2024 results," Erginbilgic added. Underlying operating profit was £1.15 billion, up from £673 million in the previous year.

Persons: Royce, Tufan Erginbilgic, Erginbilgic Organizations: Royce Trent, Airbus, Lufthansa Technik AG, Royce, London, Boeing Locations: British

☆ Amazon Reports $148 Billion in Second Quarter Sales
▼ + stars: | 2024-08-01 | by ( Karen Weise | More About Karen Weise | ) www.nytimes.com time to read: +1 min

Critically, sales of Amazon’s cloud computing services continued to gain steam, growing 19 percent to $26.3 billion. Amazon Web Services has also become more profitable, with an operating margin of 35.5 percent, up from 24.2 percent a year earlier. It spent $16 billion on capital expenditures, including new data centers, expensive computer chips and warehouses to fulfill orders. While Amazon has become more profitable, it is having a harder time spending that cash. As a result, the company’s cash has grown to record levels, with $71.7 billion on its balance sheet at the end of the quarter.

Persons: “ We’re, Andy Jassy Organizations: Amazon, Services, Big Tech, Regulators Locations: A.W.S

☆ 6 top Goldman dealmakers, from Dan Dees to Gene Sykes, reflect on their careers at the investment bank, from junior banker to partner
▼ + stars: | 2024-08-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +12 min

Wall Street careers are notoriously grueling and littered with politicking and jockeying to climb the ranks. AdvertisementNow, these six partners are looking back on their own rise, offering words of wisdom from their own Wall Street origin stories. At Goldman Sachs, the core of who we are in investment banking is M&A. Gene Sykes, cochairman of global M&A and global TMT:Gene Sykes Courtesy of Goldman SachsThe market for M&A advice has evolved over time. Are you a Goldman Sachs or Wall Street insider?

Persons: Goldman Sachs, Alison Mass, Stephan Feldgoise, Dan Dees, Hank Paulson, Tim Ingrassia, Alison, Goldman, Peter Weinberg, Gene Sykes, It's, Mark Sorrell, John Thornton, John Waldron, Karen Cook, Yoel Zaoui, Gregg Lemkau, it's, Jennifer Kopylov, Reed Alexander Organizations: Service, Wall, Partners, Business, US Treasury, Street, Goldman Locations: New York City, London, New York, Europe, American

☆ Trump to speak at Black journalists convention, as Harris erases his lead in polls
▼ + stars: | 2024-07-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

U.S. President Donald Trump speaks on Day 4 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 18, 2024. Donald Trump is set to field reporters' questions at the National Association of Black Journalists Annual Convention in Chicago on Wednesday, as he re-tools his presidential campaign to combat his likely rival, Vice President Kamala Harris. The Republican nominee's Q&A before a live convention audience is expected to focus on the biggest issues facing the Black community, NABJ said. The event gives Trump, who won just 12% of Black voters in his 2020 election loss to President Joe Biden, an opportunity to directly appeal to voters of color. The decision by NABJ, the nation's largest association of journalists of color, to host Trump quickly spurred a backlash both inside and outside the group.

Persons: Donald Trump, Kamala Harris, Republican nominee's, NABJ, Trump, Harris Faulkner, Rachel Scott, Kadia, Joe Biden, Harris, Biden, Trump's, The Trump, Karen Attiah Organizations: Republican National Convention, National Association of Black, Republican, Fox News, ABC, Facebook, Trump, Democratic, Bloomberg, Electoral College, The, Convention Locations: Milwaukee , Wisconsin, U.S, Chicago

☆ The biggest basic income pilot in the US found that it didn't stop participants from working and helped get their families into safer situations
▼ + stars: | 2024-07-30 | by ( Noah Sheidlower | Katie Balevic | ) www.businessinsider.com time to read: +7 min

The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, or BIG:LEAP, gave over 3,200 households $1,000 in monthly no-strings-attached cash payments for 12 months starting in January 2022. BIG:LEAP compared the outcomes of households receiving cash payments to nearly 5,000 households with similar incomes and family situations in the control group. In the last six months, participants were more likely to establish proximate safety and work toward protecting themselves in the future. Overall, it stands in contrast to what some critics of basic income argue, including that cash payments majorly reduce employment or don't prepare participants for the future. Housing cost burdens decreased among all study participants.

Persons: —, Amy Castro, Kyung Elizabeth Kim, Castro, Eric Garcetti, Karen Bass, we're, Kim, They're Organizations: Service, Los, Economic, Business, University of Pennsylvania, UCLA Locations: Los Angeles

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