Tag Archives: plan

The private equity firm Apollo believes it has finally come up with a way to cash in on the promise of Yahoo. But after the venerable but faded online pioneer became a graveyard for the reputations of a succession of media and technology industry leaders, it probably would not pay to assume success too soon. The New York-based investment firm agreed earlier this week to pay communications giant Verizon $5bn for Yahoo, along with AOL and a collection of other digital media… Source link

President Joe Biden is calling on Congress to raise taxes on the wealthiest Americans in order to pay for programs designed to support families and children — including two years of free community college, paid family leave, efforts to make child care more affordable and universal preschool.  Biden will outline the American Families Plan in his first address to a joint session of Congress on Wednesday night. The proposal — the second phase of his plan to overhaul the U.S. economy —… Source link

(Bloomberg) — Perhaps no one, not even the day-trading hero they call Roaring Kitty, is more responsible for the improbable 700% rally in GameStop Corp. this year than Ryan Cohen. At 35 years old, Cohen is a billionaire entrepreneur with a reputation for a Midas touch after building the pet-supply site he co-founded — Chewy — into a booming business. And so when word got out in mid-January that he had secured three seats on GameStop’s board after amassing a 13% stake, shares of the… Source link

When most people flip on a light, they don’t think about where the power comes from before it illuminates the room. But for President Biden’s climate plan to succeed, the United States is going to have to move a lot more electricity across much greater distances—and catch up with China in the process. Biden’s plan calls for eliminating greenhouse-gas emissions from the power sector by 2035, and from the entire economy by 2050. To encourage other nations to aggressively combat global… Source link

President Biden’s climate plan is ambitious, but achievable, many experts believe. On April 22, Earth Day, Biden announced a national goal of cutting greenhouse gas emissions by up to 52% by 2030, compared with 2005 levels. That’s nearly twice the reduction President Obama aimed for, and the most aggressive American effort yet to address global warming. Biden has also set goals of eliminating greenhouse gas emissions in the power sector by 2035 and in the overall economy by 2050…. Source link

Bloomberg Bank of Canada Becomes First to Signal Exit From Stimulus (Bloomberg) — The Bank of Canada took the biggest step yet by a major economy to reduce emergency levels of monetary stimulus as it hailed a stronger-than-expected recovery from the pandemic.Policy makers led by Governor Tiff Macklem said Wednesday they would scale back their purchases of government debt by a quarter to C$3 billion ($2.4 billion) and accelerate the timetable for a possible interest-rate increase.The upbeat… Source link

Google’s plan to replace third-party cookies is–on one level–really quite brilliant. Google’s entire business depends heavily on the ability to track users in order to identify their interests, and then show them “personalized ads” based on their web activity. The third-party cookie is a huge part of that business, which means it makes sense Google would want to be leading the way on whatever replaces it. Cookies, if you remember, are little snippets of code that websites use to identify… Source link

David Beckham on Monday became the latest prominent soccer figure to oppose a controversial plan announced by 12 elite European clubs to create a breakaway “Super League.” [Related: The European Super League, explained] The plan, which would shake up the sport as we know it, has been widely criticized by almost everybody not in on it, including players, coaches, executives, politicians and fans. Beckham, who played for Manchester United, Real Madrid and AC Milan – three of the 12 Super League… Source link

Despite Republican opposition in Congress, majorities of Americans favor every key aspect of President Biden’s infrastructure plan, according to a new Yahoo News/YouGov poll. The survey of 1,649 U.S. adults, which was conducted from April 6 to April 8, found that most (51 percent) say they would support “another big legislative package to invest in America’s infrastructure and combat climate change”; far fewer (30 percent) say they would oppose it. Both Democrats (80 percent to 8… Source link

Google is investing $200 million in San Jose as a part of its Downtown West development, dedicated to preventing resident displacement and creating more economic opportunity for locals critics say will be forced out by rising rents. San Jose and Google released their much-anticipated development agreement Tuesday, a nearly 500-page document outlining the legal obligations of the two entities and how the tech giant will invest its millions. “In contrast to some large employers’ attempts… Source link