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Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. Senate Minority Leader Chuck Schumer caused a stir earlier this month when he stated his hope for President-elect Joe Biden’s administration to forgive $50,000 of federal student loan debt for the majority of Americans. Such an idea endorsed by a…
The pandemic has taken a devastating toll on millions of U.S. businesses, but now there’s light at the end of tunnel. In the coming weeks, drug makers are poised to distribute highly effective COVID vaccines that could soon end the outbreak. So long as people agree to get vaccinated. The advent of the vaccines is great news for the country.…
North Korea has greeted the last two U.S. presidents with tests of missiles or nuclear bombs within weeks of taking office. And experts see the same happening with Joe Biden, whom the regime has called “a rabid dog.” Kim Jong-un is one of the few world leaders who has yet to congratulate—or even acknowledge—the president-elect, particularly after Chinese President Xi…
Software engineer Raymond Berger begins his work day at 5 a.m., before the sun comes up over Hawaii. Rising early is necessary because the company he works for is in New York City, five hours ahead of Maui, where he is renting a home with a backyard that’s near the beach. “It’s a little hard with the time zone difference,”…
Gyms have been among COVID-19’s most dramatically impacted victims, due to the transmission risks of packing heavily breathing people into a confined space for hours at a time. But there’s one thing the pandemic hasn’t changed: It’s still exasperatingly difficult to get out of a gym contract. Fitness clubs have long relied on long-term membership agreements to prevent flighty customers…
Congress is bracing for President-elect Joe Biden to move beyond the Trump administration’s state-by-state approach to the COVID-19 crisis and build out a national strategy to fight the pandemic and distribute the eventual vaccine. The incoming administration’s approach reflects Democrats’ belief that a more comprehensive plan, some of it outlined in the House’s $2 trillion coronavirus aid bill, is needed to get…
Pfizer’s coronavirus vaccine candidate, announced earlier this month, comes with a major complication that could delay its distribution in rural areas and developing countries: It must be stored at the ultra-cold temperature of -70°C. That means the vaccine must be kept in specialized freezers that cost as much as $20,000 each and are rare outside of medical research facilities. But…
Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. A long running battle over copyright has flared up again, and Lila Bailey is at the center of it. A personable 43-year-old with a masters in fine arts, Bailey is the chief lawyer for the Internet Archive, a non-profit facing…
Encouraging vaccine news has Wall Street searching for stocks to play the rebound—scouring the market for names that have been beaten up amid the pandemic but poised to boom once things return to normal. Katie Koch, cohead of fundamental equity at Goldman Sachs Asset Management, is feeling bullish on trades that bank on a surge in pent-up demand among an increasingly powerful…
Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city’s downtown area, has died. He was 46. Hsieh was with family when he died Friday, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio said Hsieh passed away in Connecticut, KLAS-TV reported. Puoy Premsrirut, a lawyer…
