Category: News | Opportunity Zones (page 55 of 83)

News | Opportunity Zones and Qualified Opportunity Funds

Are you ready for the Roaring ’20s? | CNN Opinion

CNN Opinion | Are you ready for the Roaring ’20s?

(CNN) – There is a section of my closet — I live in New York City, so by “section” I mean a few hangers bunched together — packed with tulle and sequins and leather, increasingly over-the-top items that I bought during the pandemic as I dreamt of life after lockdown. The longer lockdown lasted, the more months without family gatherings or travel or nights out, the wilder my closet grew. And I know I’m not alone.

As vaccination rates have soared (even with all the new variants and surges adding some uncertainty to the mix) it’s become clear that when the lockdowns finally lift, Americans will be primed for a new Roaring ’20s, an exuberance expressed in fashion, art, music — anywhere we can display the kind of manic joy that comes after a year when the world became very small and quiet.

Our Roaring ’20s would arrive a century after the end of the last massive pandemic, which occurred alongside a devastating war. The end of these twin crises unleashed a decade of exuberance and experimentation — and a decade of growing inequality and deepening conservatism. “The war tore away our spiritual foundations and challenged our faith,” Ellen Wells Page wrote, as she explained why she embraced the flapper lifestyle. “We are struggling to regain our equilibrium.” As we enter the post-pandemic period, it’s worth reflecting on how Americans navigated their reentry in the 1920s, and the ways their newfound vitality fed the era’s dramatic cultural and political changes.  –read more

$1.3 trillion dealmaking frenzy isn’t slowing down | CNN BUSINESS

CNN BUSINESS | $1.3 trillion dealmaking frenzy isn’t slowing down

London (CNN Business) – No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next.

What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to data from Refinitiv. That’s a 94% increase compared to one year ago, and the strongest opening period since records began in 1980.

It’s the third quarter in a row that dealmaking has come in above $1 trillion.  —read more

A Black family’s beach property in California was taken during the Jim Crow era. The county is now giving it back, and it’s worth millions | CNN

CNN | A Black family’s beach property in California was taken during the Jim Crow era. The county is now giving it back, and it’s worth millions

Bruce’s Beach at sunset, sandwiched by expensive real estate in Manhattan Beach.

Los Angeles (CNN) – A century ago, a Black couple owned a beach resort in Manhattan Beach — a Southern California town known for its scenic expanse. An inviting soulful energy and the songs of Black entertainers radiated throughout the corridors of the dance hall and lodge.

But the music and good times would not last due to the strict racial segregation that dominated American life then. Harassment from White neighbors and the Ku Klux Klan tore away at the dreams of owners Charles and Willa Bruce.

The final blow came in 1924 when the city took the property through eminent domain and paid the couple a fraction of what they asked for. The city wanted the land for a park. The Bruces left and died just five years later.  —read more

Why NASA’s Space Shuttle was so revolutionary | CNN style

CNN style | Why NASA’s Space Shuttle was so revolutionary

The Space Shuttle wasn’t just the next step after Apollo, it was a giant leap in the way we understood and used space. CNN remembers the shuttle 40 years after its first launch.  —watch video

500 million LinkedIn users’ data is for sale on a hacker site | CNN

CNN | 500 million LinkedIn users’ data is for sale on a hacker site

New York (CNN Business)Information scraped from around 500 million LinkedIn user profiles is part of a database posted for sale on a website popular with hackers, the company confirmed Thursday.

The sale of the data was first reported on Tuesday by cybersecurity news and research site CyberNews, which said that an archive including user IDs, names, email addresses, phone numbers, genders, professional titles and links to other social media profiles was being auctioned off on the forum for a four-figure sum.

According to LinkedIn, the database for sale “is actually an aggregation of data from a number of websites and companies.” The data from LinkedIn users includes only information that people listed publicly in their profiles, the professional social media site, which is owned by Microsoft (MSFT), said in a Thursday statement.  –read more

DMX, rapper and actor, dies at 50 | CNN

CNN | DMX, rapper and actor, dies at 50

(CNN) – DMX, a rapper known as much for his troubles as his music, has died, his family announced in a statement. He was 50.

“We are deeply saddened to announce today that our loved one, DMX, birth name of Earl Simmons, passed away at 50-years-old at White Plains Hospital with his family by his side after being placed on life support for the past few days,” family’s statement read in part.

“Earl was a warrior who fought till the very end,” the family continued. “He loved his family with all of his heart and we cherish the times we spent with him.”  —read more

NASA’s Artemis program will land the first person of color on the moon | CNN

CNN | NASA’s Artemis program will land the first person of color on the moon

(CNN) – The Artemis program will land the first person of color on the moon, according to NASA. The new goal for the program, which seeks to land the first woman and the next man on at the lunar south pole by 2024, comes from the Biden-Harris administration.

The administration submitted US President Joe Biden’s priorities for 2022 discretionary spending to Congress Friday. It calls for an increase of more than 6% from the previous year, according to NASA.  —read more

Miss art museums? The Louvre just put its entire art collection online | CNN style Arts

CNN style Arts | Miss art museums? The Louvre just put its entire art collection online

There is nothing like spending a rainy afternoon at a museum, soaking in the beauty and wonder of art and history. Now the Louvre, the world’s most visited museum, is letting you do that right from home.

The French museum has released an online platform featuring all of the museum’s artworks, consisting of more than 480,000 pieces, the Louvre announced Friday in a press release.

Art lovers and researchers alike will now be able to view the entire Louvre collection online for free.  —read more

Jamie Dimon sounds the alarm on the future of American prosperity | CNN BUSINESS

CNN BUSINESS | Jamie Dimon sounds the alarm on the future of American prosperity

Jamie Dimon, CEO of JPMorgan, wrote in his annual shareholder letter that government dysfunction is slowing down America’s economy. “It is hard to look at these issues in their totality and not conclude that they have a significant negative effect on the great American economic engine,” he said.

New York (CNN Business)Jamie Dimon is very bullish on the US economic recovery from the pandemic. And yet the JPMorgan Chase CEO is deeply concerned about the future of America.

In his annual shareholder letter Wednesday, Dimon wrote that the Covid-19 pandemic, the “horrific murder” of George Floyd and the painfully slow economic growth of the past two decades are all symptoms of a broader problem: “inept” public policy and broad government dysfunction.

“Unfortunately, the tragedies of this past year are only the tip of the iceberg — they merely expose enormous failures that have existed for decades and have been deeply damaging to America,” Dimon wrote, adding that the nation was “totally unprepared” for the deadly pandemic.  —read more

CEOs slams ‘bone-headed’ Georgia law as blatant attempt to suppress Black vote | CNN BUSINESS

CNN BUSINESS | One of America’s first Black CEOs slams ‘bone-headed’ Georgia law as blatant attempt to suppress Black vote

New York (CNN Business) – Dick Parsons had to make countless difficult decisions during his storied corporate career. The decision to speak out on Georgia’s voting law was not one of them.

“This was an easy one. There is simply no excuse for what the Georgia legislature has done,” Parsons told CNN Business in his first public comments on the controversial law.

Parsons, who in the early 2000s became one of the first Black CEOs of a Fortune 500 company, is among the 72 Black corporate leaders who signed a letter calling on companies to fight Republican voting restrictions.

In the interview, the former Time Warner and CBS CEO slammed the Georgia law as “bone-headed,” a blatant attempt to suppress the Black vote and a “ruse” that pretends to be aimed at safeguarding elections.  —read more

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