Tag Archives: MoneyWatch

Tesla CFO Zachary Kirkhorn steps down after 13 years with company

Tesla Chief Financial Officer Zachary Kirkhorn is departing after 13 years with the the electric vehicle and solar panel maker. Kirkhorn stepped down Friday but will remain with Tesla through the end of the year to “support a seamless transition,” according to the Austin, Texas, company. Shares of Tesla Inc. …

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In America’s “internal colonies,” the poor die far younger than richer Americans

Millions of Americans are living in communities mired in “deep disadvantage,” mostly rural locations stuck in generational poverty, but where some residents experience health outcomes that shorten average life expectancies to that of poor nations.  These are America’s “internal colonies,” according to a new book, “The Injustice of Place” (Mariner …

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Who is Fran Drescher? What to know about the SAG

When the leaders of Hollywood’s actors union announced a strike last week, the most fiery words spoken came from SAG-AFTRA President Fran Drescher, who drew thunderous applause when she berated movie studios executives for what she called unreasonable and insulting demands. She decried the studios for “plead[ing] poverty, that they’re …

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Need an apartment? Prepare to fight it out with many other renters

If you’re looking for a place to rent, prepare to duke it out with eight other people, and as many as 23 in the most competitive U.S. housing markets, a new report found. As daunting as that figure may seem, it’s actually fallen from the pandemic years, when the typical apartment saw between …

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10 states sue to try to block large flood insurance rate hikes

Louisiana and nine other states filed a lawsuit against the federal government Thursday to block sharp increases in national flood insurance rates that are slated to be phased in over the coming years, saying the steeper price could cost some people their homes and businesses. Dozens of local Louisiana governments …

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Los Angeles approves $278,000 robot police dog despite “grave concerns”

A $278,000 robotic dog was approved by the Los Angeles City Council, despite some council members expressing “grave concerns” about the Boston Dynamics-manufactured device.  The “Quadruped Unmanned Ground Vehicle” was offered as a donation to the Los Angeles Police Department by the Los Angeles Police Foundation, according to CBS Los …

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Elon Musk calls working from home “morally wrong”

Billionaire Elon Musk underlined his views on remote work in no uncertain terms this week, declaring that working from home is “morally wrong.”  The Tesla founder and Twitter owner, who has claimed to work seven days a week, said in an interview with CNBC’s David Faber that employees are more productive in person. But he …

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HBO drops “The Wire” creator David Simon amid writers’ strike

David Simon, creator of “The Wire,” “Treme” and other critically acclaimed shows, has been dropped from HBO amid the first TV writers’ strike in 15 years. The award-winning writer said the network suspended his contract while he was picketing with the Writers Guild of America in New York on Monday. …

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Twitter co

Twitter co-founder and former CEO Jack Dorsey, once a strong supporter of Elon Musk’s purchase of the social media platform, now has some harsh words for the company’s new boss. A year ago, Dorsey called the billionaire’s proposed takeover a “singular solution” for Twitter, writing that “I trust his mission to extend …

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