News

The lavish gifts and extreme moves wealthy parents use to get their kids into elite preschools, like recommendation letters from Bill Clinton and catering from 5-star restaurants

Summary List Placement It’s no secret that many parents who can afford it are willing to drop as much on their children’s preschool experience as some might pay for college. As Melvin Beckman wrote in The New Yorker in 2019 when highlighting the documentary “Nursery University”: “Child-rearing is a nexus of need, vulnerability, and fear […]

News

The rise and fall of the Nikola Badger, the all-electric Cybertruck rival that never was

Summary List Placement The hotly anticipated Nikola Badger is no more. General Motors and zero-emissions startup Nikola Motor, whose $2 billion partnership announcement in September predated a series of public relations nightmares for the latter, shared an update on their highly publicized deal this week. Under it, GM will still provide fuel cells for Nikola trucks […]

News

Corporate growth could see a 10% drop in virus-slammed industries amid mounting debt levels, New York Fed says

Summary List Placement Corporate growth could slow up to 10% among firms hit hardest by the coronavirus pandemic due to large debt overhangs and revenue contraction, researchers at the Federal Reserve Bank of New York said Monday. Firms in the travel, hospitality, and tourism industries held twice as much debt on average than businesses in […]

News

Taking my startup completely remote has saved us over $250,000 this year. Here’s how we were able to grow more quickly while keeping our culture strong.

Summary List Placement This year has delivered many surprises, and few of them good. However, for me, one of the biggest surprises was my company’s sudden shift to a fully distributed team due to COVID-19 — and the realization that this dramatic change could accelerate my startup’s success.  The remote work transition was a complete […]

Culture

DMV making driving test reservations, extends learner’s permits again

After months in limbo for California’s young drivers, the Department of Motor Vehicles is again scheduling behind-the-wheel tests. Learner’s permit holders who need more time to complete the required practice hours have been given another extension. Under the recent announcement, behind-the-wheel driving tests can be scheduled through the agency’s website. The DMV is not yet […]

Culture

Coronavirus: Nearly 200 Santa Clara County retailers fined for social distancing fails

Santa Clara County slapped fines on 181 retailers over the Thanksgiving holiday weekend that included Black Friday for failing to properly notice social distancing requirements. County officials said they inspected 427 stores and netted more than $115,000 in fines, ranging from $250 to as much as $3,750 each, during their “enhanced Black Friday COVID-19 Business […]