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Blue city mayor embraces government efficiency in new memo to city employees

27 February 2025 at 12:01

San Francisco Mayor Daniel Lurie directed city employees to return to the office at least four days a week, as laid out in a memo on Tuesday. The liberal city joins local leaders across the country who have asked their employees to retire hybrid schedules sinceΒ President Donald Trump took office.Β 

Lurie, the new mayor committed to shaking up San Francisco, said working in-person "provides critical operational benefits to the City" that will improve government efficiency.Β 

"Bringing our workers back to the office will make our services more effective and responsive to our residents. That is what San Franciscans expect and what Mayor Lurie will deliver. We look forward to working with our partners across the departments and in labor over the coming weeks to implement the mayor’s plan," Charles Lutvak, spokesperson for Lurie, said in a statement to Fox News Digital.Β 

In the memo to department heads, Lurie said 70% of San Francisco employees currently work in-person five or more days a week with the remaining 30% working in-office three days a week. Lurie directed employees to return to the office at least four days a week as soon as possible with a "target date of April 28th for full implementation."

DEM MAYOR UNLEASHES TASK FORCE IN ATTEMPT TO RESCUE CRIME-RIDDEN CITY: 'RESTORE ORDER TO OUR STREETS'

The memo outlines how working in-office benefits performance, communication and collaboration, while making more employees available to deliver for San Franciscans.

OHIO GOVERNOR ORDERS GOVERNMENT EMPLOYEES TO RETURN TO OFFICE, FOLLOWING TRUMP'S LEAD

Trump signed an executive order on his first day back in office terminating all remote work in the federal government as part of the Department of Government Efficiency's efforts to improve productivity. Governors and mayors across the country have followed suit by directing their employees to return to the office.Β 

While San Francisco employees are now expected to return to the office, California state employees can still follow a hybrid schedule. Last year, Gov. Gavin Newsom’s administration ordered state employees to return to the office at least two days a week. The governor's office did not provide comment on Lurie's memo by the deadline for this article.Β 

Lurie’s return-to-work order coincides with his plans to revitalize San Francisco. He campaigned on cleaning up San Francisco’s streets, enhancing public safety, tackling the city’s drug crisis, creating housing, cutting through corrupt bureaucracy and "breathing life back into our downtown."Β 

Lurie announced on Tuesday an agreement with the Board of Supervisors on legislation to convert empty offices in downtown San Francisco into new housing. The legislation will allow the city to cut through red-tape regulations that make it difficult to launch "office-to-housing conversion projects."

"Transforming vacant offices into housing will help drive our recovery downtown while creating new homes for San Franciscans," Lurie said. "This is a win-win for our city thanks to the new era of collaboration at City Hall, so we can create a thriving, 24/7 downtown that benefits both residents and business."

The mayor’s office said the new legislation will reduce developmental costs of converting office spaces and extend application deadlines for a program that would make it easier to get zoning and building permits.Β 

Earlier this month, Lurie launched theΒ San Francisco Police Department (SFPD) Hospitality Task Force to increase the police presence in San Francisco’s business and tourist districts and dedicate more resources to high-traffic areas.Β 

San Francisco also passed the Fentanyl State of Emergency Ordinance this month, which will provide resources "to get drugs off the street and keep San Franciscans safe" by increasing shelter capacities, expanding health initiatives and unlocking funding for expanded treatment options.Β 

Trump looking to sell off Nancy Pelosi Federal Building in San Francisco: reports

23 February 2025 at 07:19

President Donald Trump’s White House is looking to sell two prominent federal buildings in San Francisco, including the recently dubbed Nancy Pelosi Federal Building, according to local reports.

The Nancy Pelosi Federal Building, a two-decade-old, 18-story tower known as the San Francisco Federal Building until its formal dedication to the former House speaker in December, sits on Mission and 7th streets in an area that has been for years plagued by open-air drug dealing, illegal markets reselling stolen goods and other crime.Β 

In addition to Pelosi’s namesake building, the Trump administration is reportedly also considering selling the 1930s-era federal building at 50 United Nations Plaza, which currently serves as the U.S. General Services Administration (GSA) regional headquarters. The potential sales were reported by KGO-TV, as well as the San Francisco Chronicle, which cited a GSA document earmarking both federal properties in San Francisco as "non-core" assets to possibly be sold off.Β 

In 2023, hundreds of federal employees at the U.S. Department of Health and Human Services (HHS) assigned to the building were instructed to work from home amid worsening safety concerns, the San Francisco Chronicle reported. At the time, Sen. Joni Ernst, R-Iowa, demanded its closure due to the drug dealing at the building’s doorstep.Β 

'GREEN' FEDERAL BUILDING ONCE RIDICULED BY TRUMP BEING DEDICATED TO NANCY PELOSI

"It's another example of how he is coming after Democrats. He's coming after California, and it's all about payback,"Β former Democratic Rep. Jackie Speier told KGO, referring to Trump. "The lease will keep going up and you will end up paying the property taxes of the lessor, whereas you don't pay federal taxes when you are a federal government."Β 

PELOSI HOPES SHE CAN REPAIR RELATIONSHIP WITH BIDENS, ADMITS SHE STILL HASN'T SPOKEN TO THEM

In a 2020 executive order, Trump described the 7th Street federal building – an energy-efficient "green" structure opened in 2007 at a cost of $144 million – as being considered by San Franciscans as "one of the ugliest structures in their city."Β 

Andy Ball, a developer who worked as a concrete subcontractor on the building two decades ago, told the Chronicle the project was a "waste of taxpayer money from day one."Β 

"No investor would have built this building," Ball said, estimating the costs were about "50% greater" than if the project had been funded by the private sector. "In this market, it will represent the greatest difference between cost to build and its sale value."Β 

The potential building sales come as the Trump administration, through Elon Musk’s Department of Government Efficiency (DOGE), continues efforts to downside federal government bureaucracy. Though the lease remains active for the 800,000-square-foot former Twitter headquarters in San Francisco, Musk moved his tech company, rebranded as X Corp., to Texas last year.Β 

Last year, the overall vacancy for downtown San Francisco reached 37%, with the vacancy rate specifically in the Mid-Market area sitting at 55%, according to the Chronicle.Β 

As of December, the Federal Protective Service ramped up security at the corner since the 7th Street federal building was formally named after Pelosi, who has represented San Francisco for more than 37 years in Congress. Residents who spoke to KGO-TV lamented that the problems just seemed to have been moved a block over, as federal employees would now enjoy the benefit of armed security, while everyday citizens do not. The building, which can accommodate roughly 2,000 workers, currently houses offices for Pelosi, HHS, as well as the Social Security Administration, the Department of Transportation, the Department of Labor, the Department of Agriculture and the Department of Housing and Urban Development.Β 

Fox News Digital reached out to Pelosi's office, as well as the GSA and the White House, for comment Sunday but did not immediately hear back.Β 

Charles Barkley hopes San Francisco mayor can 'do something about the homeless population'

17 February 2025 at 03:11

Charles Barkley has hope for the city of San Francisco after saying during the NBA All-Star Game broadcast that he met with Mayor Daniel Lurie.

The city was the host for the 2025 NBA All-Star Game. Barkley had been on the city’s case because of its crime and homeless population. During the broadcast, he expressed some optimism that the city would start cleaning up.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

"Shoutout to the people of San Francisco, especially the mayor. I met the mayor a couple times. He’s been tremendous, and hopefully we can do something about the homeless population," Barkley said during a game between Team Shaquille O’Neal and Team Candace Parker.

Barkley said last month he would skip going to the game because it was in San Francisco.

"He’s going to make the All-Star Team," Barkley said at the time. "I’m not going. I’m not going to that rat-infested place out in San Francisco."

Barkley responded to one of his colleagues calling San Francisco "beautiful."

"San Francisco is not a beautiful city. Rats. Cats. Y’all are not gonna make me like San Francisco. No. Nope, nope, nope"

SPURS TEAMMATES VICTOR WEMBANYAMA, CHRIS PAUL DISQUALIFIED FROM NBA ALL-STAR GAME SKILLS CHALLENGE

However, it was far from the first time he had criticized San Francisco. Last year, he ripped the city during the NBA’s alternative broadcast of the All-Star Game, which took place in Indianapolis.

Barkley asked Reggie Miller which he would choose: playing in the cold in Indianapolis – where Miller spent his entire 18-year NBA career – or "being around a bunch of homeless crooks in San Francisco."

Golden State Warriors star Draymond Green called Barkley "crazy" and said that Barkley was not "welcome" in the city. Parker said, "we love San Francisco," but Barkley offered a retort.

"No we don’t," he said. "… You can’t even walk around down there."

He later suggested you could walk around the city with a "bulletproof vest."

LurieΒ has vowed to makeΒ San Francisco’s streets safe again, build "enough housing to turn around our affordability crisis" and tackle "our drug and behavioral health crisis."

Follow Fox News Digital’sΒ sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

Pro boxing match could take place at Alcatraz this summer: report

12 February 2025 at 16:46

A historic landmark may host a professional boxing match this summer.

According to Ring, WBO junior welterweight champion Teofimo Lopez is close to an agreement to get into the ring on Alcatraz Island.

Ring notes that Riyadh Season promoter Turki Alalshikh recently told ESPN he was hoping to host a fight at the former prison turned museum one day. Lopez will fight for the brand.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

"You know, sometimes I get in my mind I want different places to do [fights]. Sometimes in mountains, maybe someday in the Pyramids in Mexico, someday in [the] Eiffel Tower in France, [the] Colosseum in Italy," Alalshikh said.

It's unclear whether the title would be up for grabs, but considering Lopez defended his title twice last year, it seems likely.

The prison opened in 1934, but it didn't even last 30 years.

Considering its 1.25-mile distance to shore, the Bay Area island was considered practically escape-proof, although there were 14 documented attempted escapes.

The most notorious one was the June 11, 1962, escape by John and Clarence Anglin and Frank Morris, which inspired "Escape from Alcatraz."

It remains a mystery whether the three reached shore and survived. The FBI concluded the escapees drowned due to harsh conditions.

The three prisoners chiseled an escape route from their own jail cells and built makeshift, papier mΓ’chΓ© heads.

The final attempted escape from the prison, almost six months later, inspired what has become the swimming route of the "Escape from Alcatraz" triathlon.

Both Al Capone and George "Machine Gun" Kelly served time at the prison.

Lopez is 21-1 with 13 knockouts but has not fought since June, a 12-round unanimous decision victory over Steve Claggett.

Follow Fox News Digital’sΒ sports coverage on X,Β and subscribe toΒ the Fox News Sports Huddle newsletter.

SGNL snags $30M for a new take on ID security based on zero-standing privileges

12 February 2025 at 06:53

Security experts often describe identity as the β€œnew perimeter” in the world of security: In the world of cloud services, where network assets and apps can range far and wide, the biggest vulnerabilities are often leaked and spoofed log-in credentials.Β  A startup called SGNL has built a new approach that it believes is better at […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

11 US cities where home prices are falling the most

8 February 2025 at 05:01
San Francisco, California
Prices fell year over year in San Francisco.

Carmen MartΓ­nez TorrΓ³n/Getty Images

  • The median home price in December 2024 was $402,502, down from $410,000 in 2023, per Realtor.com.
  • Several big US cities saw home prices drop last month compared to the same time the year before.
  • San Francisco saw the biggest decline β€” home prices fell by 10.9% year-over-year to $889,500.

There may never be a perfect time to purchase a house, but buyers can definitely benefit when prices drop in their areas.

In December, the median sales price for the entire US dipped a bit β€” to $402,502 β€” from the previous year. While buying a home hasn't become significantly more affordable for the typical American, there are still opportunities for those looking for a home.

Some would-be buyers are holding back, leading to less competition for homes. Prices in several major US metros have dropped by thousands of dollars, according to a new report from Realtor.com.

Consistently high mortgage rates and an overall increase in home financing costs have sidelined many prospective buyers.

During the pandemic, Miami and Austin drew thousands of homebuyers looking for relatively affordable homes and more space. Now, with less demand, homes are staying on the market longer, prompting many sellers to reduce their prices.

In December, home prices in Miami and Austin dropped by 9.9% and 7.7%, respectively, compared to the same period in 2023, according to the report. Those cities, along with Kansas City, Missouri, and Tampa, Florida, also saw lower prices in May and September of 2024 compared to a year earlier.

Realtor.com analyzed data from 50 of the largest US metros to calculate which ones saw the largest home-price declines in December.

Below are the 11 big cities with the largest price drops.

11. Nashville
Broadway in Nashville at night with lit-up venues and "Welcome. to Nashville" sign above crowds
Nashville, Tennessee.

Nina Dietzel/Getty Images

Median home price: $537,450

Percentage change year over year: -3.9%

10. Orlando
Orlando, Florida.
Orlando, Florida.

Songquan Deng/Shutterstock

Median home price: $419,950

Percentage change year over year: -4.3%

9. Cincinnati
Cincinatti Ohio
Cincinnati, Ohio.

Adam Jones/Getty Images

Median home price: $319,050

Percentage change year over year: -4.8%

8. Phoenix
Phoenix, Arizona
Phoenix, Arizona

4kodiak/Getty Images

Median home price: $499,995

Percentage change year over year: -5.1%

7. Denver
Denver skyline
Denver, Colorado.

f11photo/Getty Images

Median home price: $577,350

Percentage change year over year: -5.4%

6. Jacksonville, Florida
River walk in Jacksonville, Florida, at dusk with pink, purple, orange, and blue sky above
Jacksonville, Florida.

Sean Pavone/Shutterstock

Median home price: $384,500

Percentage change year over year: -5.7%

5. Tampa
Tampa skyline
Tampa, Florida.

John Coletti/Getty Images

Median home price: $395,000

Percentage change year over year: -6%

4. Kansas City, Missouri
Kansas City
Kansas City, Missouri.

Eddie Brady/Getty Images

Median home price: $369,995

Percentage change year over year: -7.5%

3. Austin
An aerial view of Austin at sunset.
Austin, Texas.

Kruck20/Getty Images

Median home price: $498,500

Percentage change year over year: -7.7%

2. Miami
A couple walks down a palm-tree lined Miami boardwalk with towering white condos in the background.
Miami, Florida.

Getty/Sylvain Sonnet

Median home price: $522,500

Percentage change year over year: -9.9%

1. San Francisco
People walking in San Francisco
San Francisco, California.

Alexander Spatari/Getty Images

Median home price: $889,500

Percentage change year over year: -10.9%

Read the original article on Business Insider

Dem mayor unleashes task force in attempt to rescue crime-ridden city: 'Restore order to our streets'

7 February 2025 at 15:20

San Francisco Mayor David LurieΒ launched the San Francisco Police Department (SFPD) Hospitality Task Force andΒ secured a key vote in support of the Fentanyl State of Emergency Ordinance this week as he works to clean up San Francisco's streets and restore common sense policies to the liberal city.Β 

San Francisco has had one of the slowest economic recoveries from the COVID-19 pandemic in the country. Images of San Francisco’s open-air drug markets, homeless encampments and empty office buildings have caught the nation’s attention since the pandemic.Β 

The SFPD Hospitality Task Force will target San Francisco’s business and tourist districts, increasing police presence, dedicating resources to high-traffic areas and offering support to the hospitality industry.Β 

"Helping people feel safe walking downtown is the key to unleashing our city’s comeback," Lurie said. "We are creating the conditions for a thriving commercial center by launching the SFPD Hospitality Task Force. The Hospitality Task Force will break down silos to increase the police presence across the areas that drive our city’s economy, not just during large conferences, but 365 days a year."

FORMER AOC CHIEF OF STAFF ANNOUNCES RUN AGAINST PELOSI, CALLS DEMS 'PARALYZED AND UNPREPARED' UNDER TRUMP

Major retailers, including Nordstrom and Saks Off Fifth, pulled out of San Francisco’s downtown due to rising crime and dwindling foot traffic. After more than 20 years in the heart of downtown San Francisco, Westfield abandoned theΒ San Francisco Centre mall in 2023, citing a decline in sales, occupancy and foot traffic.Β 

San Franciscans voted Mayor London Breed out of office in November. She was elected in 2018 and led the city through its struggling pandemic recovery. Lurie, a Levi's heir and political outsider, began his first term as mayor in January.Β 

He campaigned on cleaning up San Francisco’s streets, public safety, tackling the city’s drug crisis, creating housing, cutting through corrupt bureaucracy and "breathing life back into our downtown."

CALIFORNIA PLANS TO CONTINUE ALLOWING TRANS ATHLETES TO COMPETE IN GIRLS' SPORTS DESPITE TRUMP EXECUTIVE ORDER

"With a safe, bustling downtown, we will attract businesses, shoppers, tourists and conventions, creating jobs, generating revenue and helping us provide better services for everyone in San Francisco," Lurie said of the new task force.Β 

Also this week, the San Francisco Board of Supervisors voted 10-1 in favor of Mayor Lurie’s Fentanyl State of Emergency Ordinance.Β 

"As a candidate for mayor, I promised San Franciscans that I would work in partnership with the Board of Supervisors to take action on the critical issues facing our city," Lurie said. "As mayor, I am proud to be delivering on that promise today. The Fentanyl State of Emergency Ordinance gives us the tools to treat this crisis with the urgency it demands. And with our partners on the board, that’s exactly what we will do."Β 

The ordinance will equip the city with the resources "to get drugs off the street and keep San Franciscans safe" by unlocking funding and expediting the contracting process to allow for expanded treatment options, increased shelter capacity and health initiatives. The full Board of Supervisors will address the ordinance Tuesday for a second and final reading before Lurie can sign the ordinance into law.Β 

"I don’t think there’s a problem facing San Francisco today that isn’t caused by or made significantly worse by street-level drug addiction," Supervisor Matt Dorsey, who voted in favor of the ordinance, said.

"Mayor Lurie’s emergency ordinance aims to surge resources that deliver solutions as big as the problems. This is a needed approach to restore order to our streets, to diminish San Francisco’s attraction as a drug-use and drug-dealing destination and to save lives."

Former AOC chief of staff announces run against Pelosi, calls Dems 'paralyzed and unprepared' under Trump

5 February 2025 at 18:40

The former chief of staff to U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., announced Wednesday his intention to run against Rep. Nancy Pelosi, D-Calif., calling the Democratic Party "paralyzed and unprepared" for President Donald Trump's second term in office.Β 

In a lengthy message on X, Saikat Chakrabarti said he decided to run against the former House speaker, who is seeking a 21st term, after "watching Trump and Elon (Musk) freely unleash chaos in their illegal seizure of government."

"It’s become clear to me that the Democratic Party needs new leadership," he wrote. "I don’t understand how DC’s Democratic leaders are so paralyzed and unprepared for this moment after living through President Trump’s first term β€” and after Trump and Elon warned us exactly what they planned to do."

PELOSI DEMURS ON IF β€˜EVERYTHING IS OK’ BETWEEN HER AND BIDEN: β€˜YOU’D HAVE TO ASK HIM'

While Chakrabarti said he respects the Democratic leader, the country has dramatically changed since her early days in Washington. He noted that Pelosi intervened to block Ocasio-Cortez from becoming chair of the powerful House Committee on Oversight and Reform.

"When Nancy Pelosi was first elected to Congress, you could buy a home on a single income. A summer job could pay for college," he wrote. "Republicans believed in climate change and respected election results. Now, the things that defined the American Dream β€” being able to afford health care, education, a home, and raise a family β€” are impossible for most people."

He added that the Republican Party is "overtly conspiratorial and anti-democracy."Β 

AOC'S 'RED LIGHT DISTRICT' PLAGUED BY CRIME AS DEMOCRAT WHO HELPED HER RISE TO POWER SAYS SHE 'DISAPPEARED'

"The Democratic Party needs to stop acting like it's competing against a normal political party that plays by the rules, and it needs a bold vision for how to raise living standards, quality of life and security for all Americans," he said. "America is stuck, and Americans want real solutions that are as big as the problems we face."

In his campaign, Chakrabarti said he plans to talk about problems that need solving for San Francisco, the U.S. and the Democratic Party.Β 

Chakrabarti, who helped manageΒ Ocasio-Cortez’s upstart 2018 campaign, left his chief of staff position in 2019 after drawing the ire of Democrats when he publicly criticized party moderates during policy spats between progressive members and party leadership.

That year, he tweeted thatΒ Rep.Β Sharice Davids, D-Kansas, one of the first two Native American women to serve in Congress, enabled a racist systemΒ after she voted in favor of a Senate border bill not backed by progressives. A month later, Chakrabarti describedΒ centrist Democrats who blocked a liberal-backed emergencyΒ border bill as theΒ "new Southern Democrats."

TheyΒ "certainly seem hell bent to do to black and brown people today what the old Southern Democrats did in the 40s," he wrote in a now-deleted post.

Fox News Digital has reached out to Pelosi.Β 

The list of CEOs voicing support for their companies' DEI initiatives is growing

31 January 2025 at 12:18
Christian Sewing
Deutsche Bank's Christian Sewing is the latest CEO to defend DEI initiatives at his company.

Ralph Orlowski/REUTERS

  • Several firms have rolled back DEI efforts amid pressure from conservative groups and the White House.
  • Some CEOs have voiced their support or defended the diversity programs at their companies.
  • Deutsche Bank's CEO is the latest bank executive to defend DEI initiatives.

The list of CEOs who are publicly backing their companies' DEI policies is growing.

Deutsche Bank CEO Christian Sewing is the latest, joining JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon in publicly defending DEI programs amid wider external criticism of diversity initiatives from conservative activists and President Donald Trump's new administration.

One of Trump's first executive orders placed federal DEI staffers on administrative leave as work began to dismantle their departments.

The pullback on diversity, equity, and inclusion in the private sector began before Trump took office. A slew of companies β€” including Meta, Walmart, and McDonald's β€” either reduced or ended their own DEI initiatives. Some had been targeted by conservative activist groups.

However, amid the tensions around DEI, some executives are taking a public stance in support of their firms' policies.

Deutsche Bank
Deutsche Bank CEO Christian Sewing
During a press conference Thursday, Deutsche Bank CEO Christian Sewing expressed support for his bank's DEI programs.

Thomas Lohnes/Getty Images

In a Frankfurt press conference on Thursday, Sewing said his company was "firmly behind" its DEI programs, calling them "integral" to its strategy.

"Quite honestly, I know what diversity has brought us on the management board at the top reporting level," Sewing said. "That's why we are strong supporters of these programs."

If the legality of DEI programs should ever change, the bank might reevaluate its stance, he added.

"But in terms of our basic attitude, in terms of our mindset, both issues β€” whether it's diversity policy, inclusion, or sustainability β€” are an integral part of Deutsche Bank's strategy," he said.

JPMorgan
Jamie Dimon
JPMorgan CEO Jamie Dimon said to "bring them on" in response to apparent targeting by activist shareholders.

Tom Williams/CQ-Roll Call, Inc via Getty Images

Dimon was defiant in the face of apparent targeting from activist shareholders over the company's DEI programs.

"Bring them on," he told CNBC on January 22. "We are going to continue to reach out to the Black community, the Hispanic community, the LGBT community, the veterans community."

Goldman Sachs
David Solomon, Chairman and CEO, Goldman Sachs, speaks during the Milken Institute Global Conference on May 2, 2022
David Solomon, the CEO of Goldman Sachs, said clients think about talent diversity.

Patrick T. Fallon/AFP via Getty Images

Solomon said that while he'd heard of shareholder proposals, he hadn't yet reviewed them.

"We're advising our clients. They think about these things," Solomon said in a separate interview with CNBC on January 22. "They think about decarbonization, they think about climate transition. They think about their businesses, how they find talent, the diversity of the talent they find all over the world."

Goldman Sachs' stated inclusion goals are geared toward funneling more women into leadership positions, making "progress towards racial equity," and ensuring diversity both among its vendors and in its boardroom.

Cisco
Cisco CEO Chuck Robbins
Cisco CEO Chuck Robbins said a diverse workforce is "better."

Richard Drew/AP

In an interview with Axios on January 22, Chuck Robbins, the CEO of Cisco, said that a diverse workforce being better was an inarguable fact.

"I think the pendulum swings a little wide in both directions. And for us, it's about finding the equilibrium," Robbins said, adding: "You cannot argue with the fact that a diverse workforce is better."

Robbins added that DEI was being discussed as "single issue" but that he believed it's far more complex.

"And in reality, it's made up of 150 different things, and maybe seven of them got a little out of hand," he said. "I think those six or seven things are going to get solved, and then you're going to be left with common sense."

Costco
Costco's new CEO Ron Vachris
Costco CEO Ron Vachris received a letter from Republican attorneys general urging him to end the company's DEI practices.

Costco

Costco has been clear about its support for DEI, even as it faces mounting pressure from conservative groups to walk back its policies.

Nearly all of Costco's shareholders rejected a proposal by the National Center for Public Policy Research last week that was similar to the one received by JPMorgan. It would have required Costco to issue a report on the legal and financial risks of DEI policies.

"The overwhelming support of our shareholders' vote really puts an answer to that question," Costco CEO Ron Vachris said.

Costco's board has also previously issued statements reaffirming the company's dedication to DEI.

"Our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary," the board wrote in December.

The company continues to face scrutiny for its policies, as 19 Republican attorneys general sent a letter to Vachris urging him to end what they called "divisive and discriminatory DEI practices."

Read the original article on Business Insider

A brief history of mass hacks

31 January 2025 at 08:05

Hackers are increasingly abusing bugs in popular enterprise software to target big companies in mass-hacking campaigns

Β© 2024 TechCrunch. All rights reserved. For personal use only.

18 states sued to block Trump's push to end birthright citizenship — which could impact hundreds of thousands of children each year

Donald Trump
Donald Trump signed an executive order seeking to end birthright citizenship.

Bloomberg/Bloomberg via Getty Images

  • Eighteen states sued to block Donald Trump's executive order ending birthright citizenship.
  • The lawsuit claims Trump's order violates the 14th Amendment.
  • Ending birthright citizenship could affect thousands of US-born children.

Attorneys general from 18 states, along with the top law enforcement officers of Washington, DC, and San Francisco, sued President Donald Trump on Tuesday to block his executive order to end the constitutional right to birthright citizenship.

Trump's move to abolish birthright citizenship β€” a policy that guarantees citizenship to anyone born on US soil β€” is a "flagrantly unlawful attempt to strip hundreds of thousands American-born children of their citizenship based on their parentage," the lawsuit alleges.

The lawsuit, filed in the US District Court for the District of Massachusetts, says that the "principle of birthright citizenship has been enshrined in the Constitution for more than 150 years" and that Trump's order "expressly violates" the 14th Amendment.

Trump's order targeting birthright citizenship, titled "Protecting the Meaning and Value of American Citizenship," was signed shortly after Trump was sworn into office for a second presidential term on Monday. It is scheduled to take effect 30 days after its signing.

Under the order, federal agencies are barred from issuing documents recognizing the citizenship of babies born in the US to parents who are in the country unlawfully or in cases where the mother was in the country legally, but temporarily, and the father was not a US citizen or lawful permanent resident.

"President Trump's public statements make clear that he wishes to end birthright citizenship purely as a policy tactic to purportedly deter immigration to the United States," the lawsuit says. "Despite a President's broad powers to set immigration policy, however, the Citizenship Stripping Order falls far outside the legal bounds of the President's authority."

The lawsuit, filed by the group of states which includes New Jersey, New York, California, and Massachusetts, adds that if the "unprecedented executive action" moves forward, "both Plaintiffs and their residents will suffer immediate and irreparable harm."

"Every year, thousands of children are born in Plaintiffs' jurisdictions to parents who lack legal status or have a lawful status on a temporary basis," the lawsuit says.

The Trump administration did not immediately respond to a request for comment by Business Insider on Tuesday.

The executive order, if put into effect, would likely impact thousands of children in every corner of the US. The ACLU lawsuit brought on Monday, similar to the attorneys general suit, said that at least 150,000 children whose parents lacked legal status would not receive citizenship.

Using data from the 2022 American Community Survey, the most recently available data, the Pew Research Center calculated that among the 22 million people in households with an immigrant living in the US illegally, 1.3 million are adults born in the US to such immigrants.

Additionally, Pew found that about 4.4 million people under the age of 18 who were born in the US live with a parent living in the US illegally. Over 8% of households in Nevada, California, New Jersey, and Texas are inhabited by at least one immigrant in the US illegally.

Future generations of children could be substantially impacted by the abolition of birthright citizenship. A Pew analysis from 2018 using 2016 Census data found that about 6% of births that year were to immigrant parents living in the US illegally, or about 250,000 babies. This was down from about 390,000 babies in 2007 but still significantly higher than 30,000 in 1980.

When expanding the scope to foreign-born mothers, about 843,200 births in 2023 were to foreign-born mothers, or about 24% of all births, per the Annie E. Casey Foundation. This percentage is relatively in line with the past two decades.

The executive order targeting birthright citizenship was joined by other immigration- and deportation-oriented executive orders including declaring a national emergency, removing the CBP One app allowing migrants to submit information to seek asylum, and instructing federal agencies to select countries from which to suspend migrants if their governments fail to provide detailed information about their citizens.

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Charles Barkley slams San Francisco as 'rat infested,' declares he's skipping NBA All-Star Game

18 January 2025 at 07:32

Basketball Hall of Famer Charles Barkley took another shot at the city of San Francisco as he made clear he had no intentions of going to the NBA All-Star Game.

Barkley spoke on TNT’s "Inside the NBA" about the All-Star candidacy of the Detroit Pistons' young star Cade Cunningham. With the Golden State Warriors set to host the game at the Oracle Arena in San Francisco, Barkley said Cunningham will be there, but he won’t.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

"He’s going to make the All-Star Team," Barkley said. "I’m not going. I’m not going to that rat-infested place out in San Francisco."

Barkley responded to one of his colleagues calling San Francisco "beautiful."

"San Francisco is not a beautiful city. Rats. Cats. Y’all are not gonna make me like San Francisco. No. Nope, nope, nope"

JIMMY BUTLER REPORTEDLY EXPECTED TO START FOR HEAT IN RETURN FROM SUSPENSION

It’s not the first time Barkley had criticized the city. Last year, he ripped San Francisco during the NBA’s alternative broadcast of the All-Star Game, which took place in Indianapolis.

Barkley asked Miller which he would choose: playing in the cold in Indianapolis – where Miller spent his entire 18-year NBA career – or "being around a bunch of homeless crooks in San Francisco."

Warriors star Draymond Green called Barkley "crazy" and said that Barkley was not "welcome" in the city. WNBA star Candace Parker said "we love San Francisco," but Barkley offered a retort.

"No we don’t," he said. "… You can’t even walk around down there."

Green was emphatic with his pushback.

"Yes you can walk around," he said.

Barkley clapped back saying, "Yeah, with a bulletproof vest."

New San Francisco Mayor Daniel Lurie has vowed to make San Francisco’s streets safe again, build "enough housing to turn around our affordability crisis" and tackle "our drug and behavioral health crisis."

Follow Fox News Digital’sΒ sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

German router maker is latest company to inadvertently clarify the LGPL license

10 January 2025 at 10:58

The GNU General Public License (GPL) and its "Lesser" version (LGPL) are widely known and used. Still, every so often, a networking hardware maker has to get sued to make sure everyone knows how it works.

The latest such router company to face legal repercussions is AVM, the Berlin-based maker of the most popular home networking products in Germany. Sebastian Steck, a German software developer, bought an AVM Fritz!Box 4020 (PDF) and, being a certain type, requested the source code that had been used to generate certain versions of the firmware on it.

According to Steck's complaint (translated to English and provided in PDF by the Software Freedom Conservancy, or SFC), he needed this code to recompile a networking library and add some logging to "determine which programs on the Fritz!Box establish connections to servers on the Internet and which data they send." But Steck was also concerned about AVM's adherence to GPL 2.0 and LGPL 2.1 licenses, under which its FRITZ!OS and various libraries were licensed. The SFC states that it provided a grant to Steck to pursue the matter.

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Comments

Β© AVM

Lyft says San Francisco overcharged it $100M in taxesΒ 

27 December 2024 at 10:31

Lyft is suing the city of San Francisco, claiming the city unfairly charged the rideshare company over $100 million in taxes.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

4 Big Tech product managers and an engineer share negotiation tips that nabbed them thousands of dollars in better comp

22 December 2024 at 16:00
A photo collage of several speech bubbles overlaying a $100 bill

Anna Kim/Getty, Tyler Le/BI

  • Tech employees share their salary negotiation tips, which helped boost their pay by tens of thousands of dollars.
  • Their negotiation strategies include practicing pitches, using data, and leveraging multiple offers.
  • Research and transparency are key in negotiating better compensation in tech roles, they said.

Sarra Bounouh has worked at consulting giant Accenture and three Big Tech companies.

But she still deals with imposter syndrome, especially when talking compensation.

"Going into a negotiation is always, at least for me, a very uncomfortable discussion," Bounouh told Business Insider. "I just want to push through and ask for what I deserve."

She and four other tech employees from Meta, Google, and Cisco shared their salary negotiation tips before joining a company or when trying to get promoted. They have used these strategies to add tens of thousands of dollars to their original offers in recent years.

Product manager at Meta

Sarra Bounouh
Sarra Bounouh joined Meta in 2024.

Sarra Bounouh

Avoid offering the first number. If you must, back it up with research, said Bounouh, a product manager who joined Meta earlier this year.

She suggested using resources like Levels.fyi or Glassdoor and selecting your role and geography to see recent offers and compensation that makes sense for that job.

"I personally don't like having detailed conversations about level and compensation from that first call with the recruiter because I want to meet the team, I want to meet the hiring manager, I want to get excited about the role," she said.

Bounouh prefers to negotiate her level and compensation once there's an offer on the table.

She said she often gets asked about salary expectations early in the process because recruiters say they want to save time for both sides.

She politely declines to share a number by telling the recruiter: "I don't have a number for your right now. I will need to do some research before getting back to you. At this stage of the process, I'm more focused on meeting the hiring manager and team."

Rehearsal is key for conversations about promotions or raises, she said.

Bounouh said she practiced her pitch for every job after Accenture and increased all three jobs' initial salary offers: Microsoft by 32%, Snap by 19%, and Meta by 37%.

Product manager at Oracle

Ketaki Vaidya in an office building
Ketaki Vaidya joined Oracle in 2017 and has grown her career at the company since.

Ketaki Vaidya

Internal transfers between teams or offices are also an opportunity to negotiate your compensation package.

Ketaki Vaidya, who moved from Oracle's India to California office in 2022, said she approached her negotiation with an "everything under the sun is negotiable" mindset.

First, Vaidya looked at Glassdoor and talked to people who'd made the move to gather salary data. She wanted to ensure she was getting a fair offer for the US' cost of living.

"I was being given this offer for the credibility that I had built in the organization. I felt like I had an upper hand in negotiating," she said. "I was much more confident in asking for the things that I deserve β€” so it ended up being a very smooth transition."

After negotiating her base salary up to $80,000, she discussed other compensation components, including the timing of her next review, sign-on bonuses, relocation costs, paid leave, and remote work. She negotiated a sign-on bonus of $15,000 and a relocation allowance of $15,000, which weren't part of the initial offer.

Now, her compensation is about $130,000 annually, including stock units and bonuses.

Product manager at Cisco

Varun Kulkarni standing in front of a background with Cisco logos
Varun Kulkarni transitioned to tech after a career in consulting.

Varun Kulkarni

When Varun Kulkarni switched from consulting to tech to work on more artificial intelligence projects, he was careful not to come off as aggressive during his pay negotiations.

Once he had offers from Cisco and others in hand in 2022, he was transparent with recruiters and mentioned other offers, without introducing his own counter number.

He asked recruiters how high they could go and what they thought about other offers.

"You want to kind of not be too pushy" he said.

His offer from Cisco already matched the market rate and what several competitors were offering, but he managed to negotiate it by 5%, bringing his total compensation to $180,000.

Product manager at Google

Yung-Yu Lin posing with the Mario character at a Super Mario Bros event.
Yung-Yu Lin worked at Yahoo, Meta, Visa, PayPal, and Google.

Yung-Yu Lin

During his 2022 recruitment process at Google, Yung-Yu Lin used his employer at the time, PayPal, to land better offers from both companies.

He interviewed and landed jobs at several places β€” but their pay did not compare with Google's offer.

Lin decided to negotiate a retention package. PayPal countered with a 10% pay bump. He then renegotiated with Google.

Google offered a 20% raise on his original compensation at PayPal, which brought his offer to the $350,000 to $400,000 range as a senior product manager, including stock-based compensation.

Software engineer at Meta

Hemant Pandey at Meta offices
Hemant Pandey joined Meta in 2021 after experiences at other tech firms.

Hemant Pandey

Hemant Pandey, a senior software engineer at Meta, used other offers and research in his most recent job search.

After two years at Salesforce, in 2021 he applied to Meta, TikTok, LinkedIn, and two other companies. He used offers from these companies to negotiate his compensation at Meta.

"Be very transparent that you have other offers. Even if you have interviews going on, mention those, because it's also leverage," he said. It signals to the recruiter that they have to move fast and work with your parameters.

Meta's recruiters matched the base salary and restricted stock units from the highest of all offers.

Aside from being transparent, Pandey said it is important to be proactive and research how compensation works in different companies. For example, candidates should compare how stocks are refreshed, he said. A refresher is when the stock option portion of an employee's compensation is updated.

"I also negotiated my sign-on bonus and said, 'Hey, at Salesforce, I'll be leaving my $30,000 to $40,000 of annual bonus if I join you. Can you help me accommodate that?'"

Pandey was offered $520,000 in annual pay, including stock options, in that 2021 move.

"The most significant thing happened in my career when I made the move from Salesforce to Meta, which was close to almost 80 to 90% hike" in pay, Pandey said.

Do you work in tech, consulting, or finance and have a story to share about your career journey? Please reach out at [email protected].

Read the original article on Business Insider

We took our baby on a 2-week European vacation. People told us it was a bad idea, but it was one of our best trips.

13 December 2024 at 01:53
A woman wearing sunglasses and holding a baby in Paris.
Lamson, 37, holding her son Deacon when he was 10 months old.

Victoria Lamson

  • When Victoria Lamson's son was 10 months old, she took him on a trip to Ireland, the UK, and France.
  • She and her husband planned ahead, investing in a sturdy stroller and calling hotels in advance.
  • For the most part, they felt Europe was more child-friendly than the US.

When my husband and I first announced that we were bringing our 10-month-old son with us on a two-week European vacation, we got very mixed reviews.

Some friends and family said our timing was perfect: Deacon wasn't walking or talking yet, so it'd be easier to travel with him. Others thought it was a big mistake. Lugging around a stroller and dealing with tantrums β€” all while navigating unfamiliar cities β€” seemed miserable to them. Plus, they told us, Deacon would be too young to remember any of it. What was the point?

But even before I became pregnant, Mike and I agreed that we didn't want to isolate ourselves like so many newborn parents do. While we didn't know what to expect with our first child, we wanted to include him in our normal travel plans rather than living a strictly child-focused lifestyle.

We started small. One of our first excursions was a road trip from our home in San Francisco to visit family in LA when Deacon was two months old. As he got a little older, we saw that Deacon is a very chill individual. He rarely fussed and easily napped in his stroller.

So in 2019, we planned a trip to Ireland, the UK, and France. While it required a little more planning and was slower-paced than vacations before parenthood, it became one of our favorite ones.

A little prep made the trip smoother

A baby wearing noise-canceling headphones.
Deacon wearing noise-canceling headphones at a lounge in Wembley Stadium.

Victoria Lamson

When we went on our LA road trip, we invested in a Babyzen Yoyo stroller, made by a French brand. While it cost around $450, which is on the pricey end, it was worth it: it smoothly rolls over cobblestone streets and easily fits into an overhead bin. Six years later, we still use it with our second baby.

To set us up for success, I called some services in advance. Most long-haul flights offer limited bassinets for babies in rows with extra space, but those seats usually need to be reserved ahead of time. I also reached out to our hotels to make sure they had cribs they could bring out, and a car service in Dublin β€” our first destination β€” provided us with a car seat suitable for an infant.

A man with a baby in a carrier in London.
Mike and I alternated using a carrier and stroller.

Victoria Lamson.

The only unexpected snag was using my breast pump abroad. Because Deacon was older and already eating solid foods, my milk supply was lower and I didn't really need the pump as much. Still, as a first-time mom, I brought it because it's recommended by pediatricians to continue pumping for a full year and I wanted to do everything right.

I had a European outlet adapter, but I forgot about the wattage differences. When I plugged the pump in, it got completely fried. Luckily, I had Deacon with me for those few weeks and could make more stops to breastfeed him.

Europe was more child-friendly than home

A mom in a playground swing holding a baby.
Taking a swing break.

Victoria Lamson

Overall, Europe was very kid-friendly. London was easy to stroll through and full of parks we could stop at with Deacon.

We also didn't feel out of place bringing a baby to an Irish pub, even on St. Patrick's Day. Culturally, it's more of a norm to bring kids to bars and other "adult" spaces in Europe than it is in the US.

Out of everywhere we went, Paris was the hardest place to navigate; due to the city's style of architecture, we had to climb spiral staircases in bistros and brasseries when changing diapers. Still, the culture made us feel welcome. Our hotel surprised us with a beautiful crib and a teddy bear for Deacon.

A silhouette of a mom and baby looking out of a balcony in Paris.
Paris was the hardest to navigate as a parent, due to the old architecture.

Victoria Lamson

It was such a stark difference from San Francisco. More often than not, there isn't a changing table in the bathroom. And when you can find one, it's only in the women's restroom, as if it's not also a father's responsibility to care for his child.

In contrast, we went to a very old restaurant in a small Irish seaside town. When I walked into the tiny bathroom, I was surprised to find fold-away changing tables in all the stalls.

Europe's positive attitude toward children and families is such a big draw. Even slight accommodations make such a huge difference when we travel.

We did everything we wanted

A man holding a baby in a carrier next to a woman with a falcon on her arm.
We took turns holding Deacon so we could try falconry.

Victoria Lamson

The experience taught us that we don't have to put our lives on hold with kids. When Deacon got sleepy on the trip, we just bundled him up in his stroller and used the opportunity to relax at a cafe.

After Europe, we went to a family timeshare in Tulum, Mexico at the end of 2019 β€” another wonderful vacation. In 2022, we took Deacon with us on a road trip around Atlanta, Savannah, and Charleston.

While it's tougher to travel with two kids now β€” our 17-month-old daughter is less easygoing than Deacon was at that age β€” we still take staycations and go out with our children.

A man in sunglasses smiling and holding a baby.
Mike and Deacon having a blast in Europe.

Victoria Lamson

Looking back, going to Europe was more fun because Deacon was with us, not in spite of it. It felt so special to have him with us, and we'll always hold on to those memories of early parenthood very fondly.

Read the original article on Business Insider

The battle between human and robot ride-hailing drivers hinges on airports

13 December 2024 at 07:51
A women and child getting into a Waymo vehicle
Uber and Lyft drivers could see their earnings take a hit if Waymo One's robotaxis continue getting access to airports.

Waymo

  • Waymo One's robotaxis could threaten Uber and Lyft drivers' earnings if they get access to airports.
  • Airport rides are among the most profitable trips for human drivers.
  • Waymo One is offering airport trips in Phoenix and is awaiting approval in other markets.

If Waymo One's robotaxis continue expanding to airports, human ride-hailing drivers could see their incomes take a big hit.

Airport trips are "incredibly important" for ride-hailing drivers, particularly those who work near cities with major airports, said Lindsey Cameron, an assistant professor of management β€” whose research focuses on AI and gig work β€” at Wharton School of the University of Pennsylvania. She added that airport pickups can be especially profitable because those rides often have higher fares, which are driven by strong customer demand.

"Those are the most lucrative rides," she said. "You've got a captive audience who wants to go home, and so they're willing to pay."

Many Uber and Lyft drivers have told BI their gigs are already less profitable than they were a few years ago β€” due, in part, to an increase in competition from both human and robot drivers. The threat of robotaxis further chipping away at their business has put some of them on edge.

Nicole Moore, a part-time Lyft driver and the president of the driver advocacy group Rideshare Drivers United, said that in the last couple of weeks, she's seen a significant uptick in concern from LA-based drivers about the impacts of robotaxis on their earnings. In November, Waymo One began offering rides to anyone in Los Angeles after previously operating a limited service with a waitlist.

"You put more drivers on the street β€” whether they're robot drivers or people β€” everybody makes less money," she said, adding, "We're thankful they're not in the airport yet."

Waymo One, which is owned by Alphabet, is the only company operating autonomous vehicles at US airports, Waymo told BI. It's also the biggest autonomous taxi service in the US: In October, the company said it was providing more than 150,000 weekly paid rides in Los Angeles, San Francisco, and Phoenix. Additionally, the company announced this fall it will offer rides to the public in the Atlanta and Austin markets early next year and in Miami in 2026.

While Waymo One airport trips are available in Phoenix β€”and the company has approval to begin pilot testing at the Austin airport β€” robotaxis are still restricted from airports in Los Angeles and San Francisco. In these cities, approval for airport rides would come from groups that oversee the airports' operations.

The experts BI spoke to said it's unclear if and when robotaxis will receive widespread approval for airport trips in the markets they're operating.

Spokespeople for Los Angeles World Airports and the Airport Commission for San Francisco International Airport told BI there is no estimated timeline for when Waymo One will receive approval, but the groups are monitoring the robotaxi's progress.

The LAWA spokesperson said the airport can experience significant curbside congestion and that for driverless taxis to gain airport approval, they would need to operate safely and efficiently and not impact the airport's current commercial and private vehicle operations. The Airport Commission spokesperson said driverless taxis would need to demonstrate the ability to operate on freeways and in communities near the airport and ensure they could safely meet the needs of customers.

Waymo is pushing for airport expansion in the US

Waymo told BI that it's providing thousands of trips each week to and from Phoenix Sky Harbor International Airport, the most popular destination for its riders in the city. The company also said it's in active discussions with San Francisco International Airport and Los Angeles International Airport about expanding its fleet to these airports, but didn't give BI a timeline for when it expects to receive approvals.

The company added that it was granted approval to provide robotaxi trips on freeways in San Francisco, Los Angeles, Phoenix, and Austin, but that it hasn't begun offering those rides to the public yet: Access to these trips is currently limited to Waymo's employees in San Francisco and Phoenix.

A spokesperson for Austin-Bergstrom International Airport told BI that the airport would monitor Waymo One's pilot testing before deciding whether to approve airport pickups.

Uber did not respond to Business Insider's request for comment, and Lyft said that its drivers have generally earned more on airport trips than on non-airport trips.

It's not just drivers who are feeling the pinch from Waymo One's expansions. GM announced on December 11 that it was retreating from the robotaxi business "given the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market."

Meanwhile, on December 5, shares of Uber and Lyft traded lower after Waymo announced it was expanding to Miami.

To be sure, Waymo isn't the only company rolling out robotaxis: Tesla and the Amazon-owned Zoox are also developing their own versions of a robotaxi.

Airport trips are some drivers' 'bread and butter'

Moore said that airport trips aren't as profitable for drivers as they used to be, but that they remain important.

"They have been our bread and butter for many, many years," she said.

Jason D., a 50-year-old driver in Phoenix, told BI he does more airport trips than any other type of ride β€” in part because he drives an Uber XL vehicle that has the space for luggage and multiple passengers. He said competing with Waymo One at airports and elsewhere has hurt his earnings.

"Driverless taxis are flooding an already competitive Phoenix market and taking money from human drivers," Jason D, who drives full-time for Uber and asked that his last name not be included for fear of professional repercussions, previously told BI. He added that Waymo One's cars also contribute to significant congestion at the airport because they don't know how to follow traffic officers' hand and voice commands.

Sergio Avedian, a part-time Uber and Lyft driver based in the Los Angeles area and senior contributor to the gig-driver-advocacy blog and YouTube channel The Rideshare Guy, told BI that airport drop-offs tend to be quick, pay relatively well, and often come with a tip.

In comparison, doing airport pickups can require drivers at major airports to wait in designated lots until a passenger books a ride. Avedian said this process can be frustrating, but that airport pickups often pay better than drop-offs because the fares are higher β€” which is why some drivers think they're worth the wait.

"You have a chance of maybe catching a 'unicorn,'" he said, referring to the highest-paying trips. He added that many airport riders are business travelers who can expense their trips and are therefore less likely to balk at a high fare or not tip.

While robotaxis are already operating in the LA market, Avedian isn't overly concerned about robotaxis impact on drivers' earnings in the short term. But he knows the clock is ticking.

"Long-term, definitely it's going to be a threat, and that's why we suggest everybody not treat Uber and Lyft driving as a career," he previously told BI.

If more airports approve robotaxis, Moore said she hopes riders will value the customer service humans provide.

"Customers often expect you to put their luggage in the trunk β€” is the robotaxi going to do that?"

We want to hear from you. Do you work in the gig economy? Please fill out this form.

Correction: December 13, 2024 β€” An earlier version of this story misstated the number of weekly paid rides Waymo provided. It was more than 150,000, not 100,000.

Read the original article on Business Insider

San Francisco is the most prepared city for new transportation tech

10 December 2024 at 07:57

San Francisco is the most prepared city for new transportation technologies like AI, autonomous vehicles, and air taxis, according to an new urban mobility readiness index released Tuesday. The index, created by the Oliver Wyman Forum and the University of California, Berkeley, evaluated 70 global cities on a range of factors such as walkability, air […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

A couple on track to retire early in San Francisco break down their $140,000 annual budget

1 December 2024 at 03:03
andre nader
The Nader family resides in San Francisco.

Courtesy of Mini Anna Photography

  • FIRE blogger Andre Nader and his wife have been working toward early retirement for years.
  • When they were both working full-time in tech, they lived off of one income and saved the other.
  • Nader broke down their household budget from March 2023 to February 2024.

When Andre Nader sat down to calculate his "enough number" β€” the amount of money that would allow him to never have to earn another dollar and give him the option to retire early β€” the first thing he did was analyze his spending.

From there, he could work backward and estimate how much he'd need to sustain his family of three's lifestyle in retirement.

Members of the FIRE (financial independence, retire early) community typically use the "4% rule," which suggests that you can safely withdraw 4% annually from your nest egg. For example, if you retire with $1 million, you should be able to withdraw $40,000 from your retirement funds each year without running out of money. To figure out your number using this rule, you simply multiply your annual spending by 25. Nader prefers to use a more conservative 3% safe withdrawal rate, which you can calculate by multiplying your annual number by 33.33.

He and his wife, who works as a designer for Uber, had been preparing to retire early together. They were on track to do so until Nader was affected by Meta's 2023 layoffs. The couple had enough between their savings and one tech income that Nader didn't have to find another job, but he says he'll consider himself "semi-FIRE'd" until his wife also walks away from her job.

They built a seven-figure net worth thanks to a variety of factors, including high incomes β€” "I won the income game by being in tech, by being a dual-income household," said Nader β€” but they've also been disciplined savers and investors.

Nader, who describes himself as "naturally frugal," said that he and his wife always kept their expenses low enough so that just one of their tech incomes could cover all of their household expenses. This allowed them to invest about half of their combined income in low-cost index funds.

Between March 20203 and February 2024, the family of three residing in San Francisco kept their annual expenses around $140,000.

Nader, who writes about financial independence on his Substack, FAANG FIRE, broke down his family's annual budget:

andre nader

Courtesy of Andre Nader

Housing: $60,000 a year ($5,000 a month). The biggest chunk of their budget (42%) goes toward rent. "Running the numbers for my personal situation, I have never been able to make home ownership pencil in within San Francisco," he wrote on his blog.

Shopping and personal: $21,473 a year ($1,789 a month).

Children: $18,136 a year ($1,511 a month). This spending category, which includes education, childcare, activities, and necessities like clothing, decreased significantly after Nader's daughter graduated from preschool and started at public school as a kindergartner.

He broke down the costs within this spending category between March 2023 and February 2024 in a separate chart.

andre nader

Courtesy of Andre Nader

Food: $16,284 a year ($1,357 a month).

Travel and vacations: $10,443 a year ($870 a month). Now that his daughter is getting older and travel is more manageable, Nader says he's intentionally trying to increase spending in this category.

Bills and utilities: $6,241 a year ($520 a month).

Health and wellness: $5,363 a year ($447 a month).

andre nader

Courtesy of Andre Nader

Transportation: $2,741 a year ($228 a month). Nader and his wife share one fully paid-off car. They also are on a pre-paid maintenance plan for the next four years.

Miscellaneous: $1,201 a year ($100 a month.)

Increasing his budget heading into 2025

After being laid off in 2023, Nader is hyper-aware that life happens, and his expenses and circumstances will continue to change.

His spending has already increased since he ran his numbers in early 2024. Most notably, his family moved so that they could be within walking distance of their daughter's school. The move bumped his rent from $5,000 a month to $8,000.

He's thinking about 2025 as an experimental year and is doing some "boundary testing" on their spending, particularly while his wife is still working.

"It's much easier to increase spend while someone in your house is working, so right now, we're like, 'Hey, what would it be like if we did live in a single-family home in San Francisco? Is that the life that we want?'" he said.

andre nader
Andre Nader is the founder of FAANG FIRE.

Courtesy of Andre Nader

His spending philosophy has shifted after reading Bill Perkins' "Die With Zero," he added.

The book was "a good counter for me," he said. "I'm naturally frugal and naturally live within spreadsheets. 'Die With Zero' forced me to think about experiences more in the same way that I think about my finances: Just like my finances can compound, life experiences can also compound. That led me to prioritize travel to a higher degree."

Nader doesn't want to sacrifice a certain quality of life or experiences in his pursuit of FIRE. He recognizes that what he and his family value will shift over time, which is why he periodically revisits his spending and "enough number."

"What 'enough' is in 2022 ended up being different than what I thought 'enough' would be in 2024," he said. "I realized that I did want to spend more in certain places, so I explicitly forced myself to spend more on things like travel. I realized I was unnecessarily saving more than I needed to, and I wasn't spending in a way that was bringing me happiness."

Read the original article on Business Insider

I've worked in San Francisco, Chicago, and Silicon Valley. Only one has the best mix for career, family, and socializing.

27 November 2024 at 01:36
Mike Manalac takes a selfie with his wife and son at Google's Chicago office with the Chicago skyline in the background
Manalan with his wife and son on the rooftop of Google's Chicago office in June 2024.

Mike Manalac

  • Mike Manalac has worked in the tech hubs of San Francisco, Silicon Valley, and Chicago since 2016.
  • He says each place has its strengths, but Chicago is the best place for raising a family.
  • Chicago offers Manalac and his family the perfect balance career, affordability, and family life.

This as-told-to essay is based on a conversation with Mike Manalac, a 39-year-old accounting manager at Google. It's been edited for length and clarity.

Over the past eight years, I've worked in the tech scenes of San Francisco, Silicon Valley, and Chicago. The three places couldn't be more different in terms of lifestyle, and they've each appealed to me for different reasons.

Here's how the three places compare:

San Francisco is fun but not for the faint of heart

Mike Manalac smiles as he takes a selfie on a street in San Francisco
Manalac in San Francisco.

Mike Manalac

I moved to San Francisco in 2016 to pursue world-class career opportunities and adventure. I'd spent the past eight years as an audit manager in Baltimore and the cross-country move was a big change for me.

As someone with ambitious career goals, San Francisco was the mecca of opportunity, so I joined PwC to get closer to Bay Area tech jobs. Some of the world's most innovative companies were basically next door, and their corporate headquarters lined the city's blocks like Lego bricks.

I once interviewed at Salesforce's headquarters while on my lunch break since it was only a few blocks away from PwC. When doing phone screens for Uber, Twitter, and Dolby, I knew I'd be able to walk over to their offices for an on-site interview at a moment's notice.

As a young professional with limited life responsibilities, San Francisco turned out to be the perfect place to live fast and loose. The social scene was amazing β€” a night out for drinks could mean stopping by a speakeasy with no sign, sipping a mai tai on a floating tiki bar, or drinks served from a bathtub at a bar the size of a walk-in closet.

San Francisco also has the best park scene in the country; I've yet to find a better party than a regular Saturday afternoon at Dolores Park.

People sit on the grass of Mission Dolores Park overlooking the San Francisco skyline
An afternoon in Dolores Park.

Mike Manalac

It's also a walkable city. For the first time in my adult life, I was car-free. The city was full of trendy coffee shops, unique bars and restaurants, and charming neighborhoods to explore.

But living in San Francisco also isn't for the faint of heart. Outside of coworkers, my then-fiancΓ©e (and now wife) and I found it incredibly challenging to make friends; everyone seemed to assign others a level of importance based on where they lived and worked. I also would've needed an absurd amount of wealth to purchase a home and raise a family there.

I felt that the city's biggest blemish, though, was the seedy Tenderloin district, which sits smack dab in the middle of downtown. I had to walk through the neighborhood to catch a corporate shuttle bus to work, and I saw my fair share of sketchy characters and shady dealings at the time.

Silicon Valley's career opportunities were unmatched

Later that year, I started working in Silicon Valley after I joined Walmart's eCommerce division in San Bruno. And the following year, I landed a job as an accounting manager at Google's Sunnyvale campus.

Silicon Valley offers the coolest places to work and its career opportunities are unmatched. I was amazed by the sprawling corporate campuses. Walking through Facebook's invite-only campus, which is like a walled garden city, and down its main street, Hacker Way, I was in awe. In nearby Mountain View, I couldn't believe how nearly every building in the city was branded with Google's logo.

Mike Manalac takes a selfie in front of the Google Android Statue Garden
Manalac at Google's Android Statue Garden in July 2018.

Mike Manalac

I saw corporate buses and colorful bikes whizzing around and young professionals with corporate badges on their hips and branded backpacks on their backs.

While Silicon Valley may be the tech capital of the world, I'd never live there. For one thing, I couldn't afford it; the cookie-cutter neighborhoods of Silicon Valley are reserved for millionaires and the hillside mansions for billionaires. I, on the other hand, commuted from San Francisco via corporate shuttle bus.

But I wouldn't have wanted to live there anyway. The social scene was dead, the city wasn't walkable, and the nightlife was nonexistent. Nobody I knew went to happy hour after work, restaurants closed early, and most people only lived there because of the proximity to work.

Chicago has a down-to-earth social scene and affordable, family-friendly neighborhoods

I moved to Chicago with my wife in 2019, transferring to Google's Chicago office. The cost of living in Chicago was much cheaper, my commute would be shorter, and we'd be closer to her family in Michigan and mine in Maryland.

Chicago doesn't have the buzzy tech scene or beautiful weather of San Francisco and Silicon Valley, but it's no slouch when it comes to career opportunities. More Fortune 500 companies are headquartered in Chicago than in almost every other city in the US, and the job opportunities are much more diverse than what you'll find in the tech-centric San Francisco and Silicon Valley.

From Google's office in Chicago's West Loop, I can see McDonald's global headquarters down the street and a number of other premier employers dotting the city skyline.

Chicago is a city that likes to party, making San Francisco look sleepy by comparison. Bars don't close until 2 a.m., with some staying open until 4 a.m. Chicago's Lake Michigan beach scene is much livelier than that of San Francisco. But the social scene also has a down-to-earth vibe; people are Midwest nice and seem to live at a more casual pace.

The best part about Chicago is the moderate cost of living. I was able to afford a three-unit home with rental potential in Chicago for $830,000 β€” a price I'd never find in San Francisco β€” that's in a walkable neighborhood. It's the perfect blend of family-friendly city life. Our three-year-old son loves taking the train home from daycare and running wild at one of the city's many playgrounds.

I think Chicago is the best of the three places to start a family

After working in these three awesome places, I've realized that even the best cities have their flaws.

San Francisco has the coolest social scene and overall vibe, but it's one of the worst cities for settling down because of its high costs.

Silicon Valley offers the best career opportunities, but its social scene is lacking since everything there is about work, work, work.

Chicago is the best of the three locations to start a family due to its affordability and comfortable pace of life, but it's not quite as cool as San Francisco and can't match the career opportunities offered in Silicon Valley.

Overall, though, it's hard to beat Chicago's mix of career opportunities, vibrant social scene, and opportunities to start a family.

If you've moved around for work and would like to share your experiences of different cities, email Jane Zhang at [email protected].

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