Report Claims That Vice May Be On the Verge of Bankruptcy
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Report Claims That Vice May Be On the Verge of Bankruptcy
Report Claims That Vice, May Be On the Verge of Bankruptcy.
'The New York Times' reports that sources
claim Vice is preparing to file bankruptcy.
.
As recently as 2017, , Vice was valued at , $5.17 billion.
.
Quartz reports that the media company is now likely
worth just a fraction of the 2017 valuation, which
represented a high water mark for the brand.
.
Last week, Vice announced that over
100 employees would be laid off.
.
The American-Canadian company also announced that
both its TV news program 'Vice News Tonight' and its
global operation, 'Vice World News,' would be closing.
Despite securing $30 million in debt financing from
Fortress Investment Group, the media company
appears to be teetering on the verge of bankruptcy.
'NYT' reports that while at least five companies have
expressed interest in acquiring the Vice brand, the chances
of a successful sale being made is "increasingly slim.".
Starting in the 1990s, Vice grew from a local
Montreal punk zine into a global media brand
spanning print, digital, television and film.
Quartz reports that numerous outlets have experienced
a rough few months, including Buzzfeed, which was
forced to close its news operation and lay off its staff.
Quartz reports that numerous outlets have experienced
a rough few months, including Buzzfeed, which was
forced to close its news operation and lay off its staff.
Other outlets to announce layoffs
include Vox, NPR, FiveThirtyEight,
National Geographic and the Washington Post.
Other outlets to announce layoffs
include Vox, NPR, FiveThirtyEight,
National Geographic and the Washington Post
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
On the morning of May 15, both the S&P and the
Nasdaq hit all-time highs after new data suggested
inflation may be easing in line with expectations.
Quartz reports that the Dow Jones Industrial Average
is also inching toward the record-breaking
40,000 mark, which it almost hit in March. .
According to the latest Bureau of Labor
Statistics data, April saw the Consumer Price
Index, a key gauge of inflation, rise by 3.4%.
At the same time, consumer prices
increased by 0.3%, slowing slightly
from March's 0.4% increase.
The latest data also shows that core prices,
which don't include food and energy, saw the lowest
increase since April of 2021, rising just 3.6%. .
As a result, investors have a sense of
renewed hope that the Federal Reserve will
begin to cut interest rates at some point in 2024.
The latest inflation data was released one day
after the Producer Price Index, which
measures wholesale inflation, increased 0.5%. .
Over the past year, the
index has increased 2.2%.
Shortly after markets opened, the Dow
jumped up 147 points, hitting 39,705, while the
S&P 500 and the Nasdaq saw 0.5% increases.
Shares in GameStop were down 30% after
experiencing a boost earlier this week by
the online return of investor "Roaring Kitten."
Credit: Wibbitz Top Stories Duration: 01:30Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
Advocates Fight For Those , Sickened By US Nuclear Testing , Program on Capitol Hill.
On June 7, the federal Radiation Exposure Compensation
Act (RECA) program is set to expire, ending a lifeline
for families sickened by the country's nuclear testing. .
On June 7, the federal Radiation Exposure Compensation
Act (RECA) program is set to expire, ending a lifeline
for families sickened by the country's nuclear testing. .
NPR reports that advocates have gathered
on Capitol Hill to fight for so-called atomic
veterans and save the RECA program.
Over the past year, multiple bipartisan
bills were approved by the Senate to
reauthorize and expand the program. .
Those bills stalled out in the House,
due to some Republicans objecting
to the cost of the program. .
According to sponsors of the bills, those concerns
were addressed by reducing the initial 2023 estimate
of $143 billion down to between $50 and $60 billion. .
NPR reports that RECA has provided payments up to
$75,000 to those sickened by the nuclear testing
program, totaling $2.7 billion to over 400,000 recipients. .
One of the groups fighting to have
the program extended is the
Tularosa Basin Downwinders Consortium. .
The group works to raise awareness of illnesses
linked to Trinity, the government's code word for
the first nuclear bomb test, which took place in 1945.
Martinez White, a member of the group,
says fallout from those tests resulted in at
least six cases of cancer in her family of ten. .
I would often go home for
funerals and everybody in
Tularosa was dying of cancer.
We knew something was very weird. , Martinez White, Tularosa Basin
Downwinders Consortium member, via NPR.
There's no industry in the whole
Tularosa Basin but for White Sands
Missile Range, where the
Trinity bomb was detonated, Martinez White, Tularosa Basin
Downwinders Consortium member, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
Walmart Lays Off Hundreds of Workers , While Requiring Others to Relocate.
On May 14, the retail giant announced layoffs impacting several hundred employees at campus offices, NPR reports.
It was also revealed that most remote workers and
employees in Dallas, Atlanta and Toronto will be required
to move to "Bentonville, Arkansas; Hoboken, New Jersey;
and the San Francisco Bay Area," NPR reports.
Chief People Officer Donna Morris
let workers know in a memo.
It has been a little over four years since
we faced the global pandemic that
reshaped our lives in many ways,
including our ways of working. , Chief People Officer Donna Morris, via memo.
With the goal of bringing more of us
together more often, we are asking the
majority of associates working remotely,
and the majority of associates within our
offices in Dallas, Atlanta, and our
Toronto Global Tech office, to relocate. , Chief People Officer Donna Morris, via memo.
Morris went on to address the
"reduction of several hundred campus roles." .
While the overall numbers are small
in percentage, we are focused on
supporting each of our associates
affected by these changes, Chief People Officer Donna Morris, via memo.
A reason for the layoffs was not provided other than the fact that "some parts of our business have made changes," Morris said.
We have had discussions with
associates who were directly
impacted by these decisions. , Chief People Officer Donna Morris, via memo.
We will work closely with them in
the coming days and months to
navigate the best path forward, Chief People Officer Donna Morris, via memo
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Be , a Better Neighbor.
You don't even know
your neighbors, do you?.
Per a Pew Research study conducted in 2018, only a quarter of adults under 30
said they know even one of their neighbors.
A fostered sense of community may be what's missing in your young life.
A fostered sense of community may be what's missing in your young life.
Here are a few ways to
become a better neighbor:.
Say
Hello.
Obvious, yes, but the logical first
step to becoming a better neighbor
is to introduce yourself.
Don't do anything grandiose so you
don't come on too strong.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
You don't have to show up with a fresh apple pie or anything like that. , Chris Loggins, supervising producer
Daniel Tiger's Neighborhood, via NPR.
Small Acts
of Kindness.
Show your neighbors that you can
be a kind and generous person.
Always clean up after your pets,
and don't litter.
Connect.
Often it may feel easier to just go home, but experts believe human connection is worth the effort.
Overcoming the initial anxiety may trouble you, but meeting new people could increase your happiness
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Are You in a Creative Rut? , Here's How to Stay Inspired.
Have you had a hard time accessing the creative part of your brain lately?.
Maybe you're hoping for a magical breakthrough
like something you'd see in a movie.
Experts say it may not be so easy, but it's still possible to pull yourself out of a creative rut if you keep these things in mind:.
Creativity Is for Everyone.
Most folks are creative, and experts
say you don't have to be a genius
to harness the power.
I think we are already
creative beings and
how you use that
[creativity] is
up to you, Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
You don't need to have particular skills; you don't need to have
particular materials. , Sarah Urist Green, producer of
'The Art Assignment,' via NPR.
Take a Break.
Experts say allowing your brain to de-stimulate is great practice
if your schedule allows. .
What our brains actually need is periods of destimulation, Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
which means no screens, no emails, no audiobooks. , Rahaf Harfoush, host of 'The Thought Experiment,' via NPR.
Don't Force
Yourself.
Experts say don't use stress as a tool
to get things done.
Being overly reliant on pressure and stress may deepen your creative rut.
It could also increase chances of
anxiety attacks and depression
Credit: Wibbitz Top Stories Duration: 01:30Published
Witness the surge of pro-Palestine protests as students across major Australian and Canadian cities set up encampments on university campuses. Quebec’s premier calls for the dismantling of a protest encampment at Montreal’s McGill University, reflecting escalating tensions surrounding the Israel-Palestine conflict. Stay updated on the latest developments in this global movement for solidarity and justice.
#CampusProtest #CampusProtestinColumbia #CampusProtestinAustralia #CampusProtestinCanada #ProPalestinianProtestors #IsraelHamasWar #Oneindia
~HT.178~PR.274~ED.101~GR.125~
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