Simone Del Rosario
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As inflation hits 21st century high, is now anything like ‘The Great Inflation’?
Olivia Newton-John’s “Physical” was atop of the Billboard 100 chart. “Neighbors,” starring John Belushi, was No. 1 at the box office. And Ronald Reagan was wrapping up his first year as president. It was December 1981–the last time inflation was as high as it today. Consumer prices in March 2022 rose 8.5% on an annual… -
8.5% inflation sets new 40-year high. But here’s the good news.
Consumer prices in March climbed to a new 4-decade high of 8.5%, according to a Labor Department report economists described as “nasty” and “ugly.” U.S. inflation was last this high in December 1981. Just between February and March 2022, prices went up 1.2% across the board, a dramatic spike considering February’s inflation rate of 7.9%… -
Why buy land in a virtual world? Inside the metaverse real estate frenzy
Developers and speculators are treating parts of the internet’s metaverse as if it were dusty Manhattan in the 1800s. Investors are buying pricey parcels of virtual “land” with a dream that one day masses of people and businesses will want a piece of the action. So far, metaverse action and interaction is light, but that’s… -
Elon Musk will not join Twitter’s board. Now what?
Elon Musk is apparently not on board with serving on Twitter’s board of directors, declining the seat the morning his appointment was supposed to take effect. Twitter’s stock price fluctuated throughout Monday’s trading day as investors learned the company’s largest shareholder backed out of the board. Still, the stock remained markedly higher than before Musk took… -
5 things harder than getting into Harvard
Universities are reporting record-low acceptance rates across the board this spring, and Ivy League schools are no exception. At the top of the heap, Harvard just announced it accepted 3.19% of its applicants for the class of 2026, a record low for the Crimson Ivy amid record-high applicants. But in the real world, lots of… -
JetBlue makes unsolicited proposal to buy Spirit, threatening Frontier merger
JetBlue Airways is trying to break up pending nuptials between fellow low-fare airlines Frontier and Spirit, offering to buy Spirit in a $3.6 billion all-cash deal. In a direct challenge to its rival, JetBlue said the proposal is a 37% premium over Frontier’s merger offer of cash and stock. Frontier and Spirit airlines announced plans… -
Twitter gives Elon Musk board seat. Is an edit button next?
Elon Musk now has a seat at Twitter’s table. The company announced Tuesday it will appoint the world’s richest man to its board, one day after the world learned Musk bought 9.2% of the social media company. The stock purchase makes Musk, who’s often critical of Twitter, the company’s largest shareholder. Twitter CEO Parag Agrawal… -
Spare some change? Businesses are desperate for your coins
Businesses are desperate for people to dig through that piggy bank, couch cushion and center console to get those forgotten-about coins back into circulation. Apparently, the country is missing its pocket change, driven largely by a push for cashless transactions during the pandemic. Trade groups representing banks, grocers, retailers and truck stops asked the Treasury… -
Elon Musk becomes top Twitter stakeholder
Elon Musk revealed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the largest shareholder after raising questions about the social media platform’s dedication to free speech. Musk’s move comes on the heels of his tweet that he was giving “serious thought” to building a new social media platform. “It does send… -
5 mind-blowing money figures behind March Madness
The biggest three weeks in sports are coming to a climax this weekend. As big as the Final Four is for fans, March Madness is also big for business. From the NCAA to the schools to advertisers and gamblers, the money behind this tournament will surprise even the biggest ballers. You may never look at… -
Cryptocurrency thieves nab $600 million in blockchain attack linked to Axie Infinity
Hackers reportedly stole over $600 million from a blockchain network this past week in one of the biggest hack attacks in the cryptosphere to date. Thieves targeted Ronin Network, the blockchain behind Axie Infinity, a popular online game with roughly 2.5 million monthly users. Ronin Network said on March 23, 2022, hackers took 173,600 Ether… -
From private jets to super yachts: The hunt for 5 Russian oligarch ‘toys’
There’s a saying making the rounds these days in Russian oligarch sanction news: “Freezing is easy, seizing is hard.” The U.S., E.U. and U.K. have all levied sanctions against some of Russian President Vladimir Putin’s closest and richest allies over the Ukraine invasion. “We’re joining with our European allies to find and seize their yachts,… -
Hunger games: Ultra-fast delivery startups race to be last one standing
With a multi-billion-dollar industry up for grabs, ultra-fast delivery wars are breaking out on city streets. But it’s expensive getting into these hunger games, and U.S. companies have yet to deliver profits. The industry is full of casualties, like New-York-based startup 1520, which didn’t even last a year, shutting down at the end of 2021.…
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Trump administration announces DOGE acting administrator
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Trump administration creates undocumented immigrant registry
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DVIDS
Combating suicide in the military community: Weapons and Warfare
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DVIDS
Military suicide prevention efforts fall short despite increased funding
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