Tags Area http://tagsarea.com/ Thu, 21 Oct 2021 21:23:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tagsarea.com/wp-content/uploads/2021/04/tags-area-icon-150x150.png Tags Area http://tagsarea.com/ 32 32 Bay Area Plan Includes Guaranteed Income Provision Tim speaks | Tim hunt https://tagsarea.com/bay-area-plan-includes-guaranteed-income-provision-tim-speaks-tim-hunt/ https://tagsarea.com/bay-area-plan-includes-guaranteed-income-provision-tim-speaks-tim-hunt/#respond Thu, 21 Oct 2021 19:52:30 +0000 https://tagsarea.com/bay-area-plan-includes-guaranteed-income-provision-tim-speaks-tim-hunt/

The heavy hand of the regional government is about to befall the Bay Area once again.
The Metropolitan Transportation Commission is expected to approve its state-mandated Bay Area 2050 Plan at its meeting today. This is the third version of the plan (others were completed in 2013 and 2017) and goes beyond fundamental issues of housing, transport and employment.
The commissioners are largely elected officials appointed to represent a county, towns within the county or major cities. This structure, similar to that used by the Bay Area Air Quality Control District, relieves commissioners from having to face voters directly and take responsibility for their decisions. This non-intervention distance allows commissioners to take controversial action without ever having to face the music of voters.
Today, for example, the plan includes a universal minimum income of $ 500 per month as it looks at social equity. There have been a few guaranteed income pilot programs and Oakland is preparing to launch one. This type of program seems far too similar to what President Joe Biden and most Democrats are trying to squeeze Americans’ throats with with the $ 3.5 trillion bill pushed by Socialist Senator from Vermont Bernie Sanders, a favorite of the United States. Californian progressives.
The guaranteed income program will take an act of the legislature. This is part of a $ 1.5 trillion program – no source of revenue to fund it has been identified.
The report’s authors expect the Bay Area’s population to grow to around 10.3 million people from 7.8 million today, while jobs increase from 1.4 million to 5.4 millions. The Bay Area, with its rising housing prices (both rental and for sale) has been crippled by rapid employment growth topping new housing by at least a 4 to 1 margin. mitigated both population growth and employment growth based on the experience of the pandemic. What will this long-term impact of the pandemic be in an open question.
Planning over a 30-year period is essentially a series of presumably educated guesses. The Building Industry Association of Northern California, in a 2017 analysis of the 2013 plan for 2040, highlighted how job growth exceeded expectations, while housing was 30% lower than forecast. That sums up the challenge well.
Incidentally, the East Bay representatives are Alameda County Supervisor Nate Miley (Pleasanton is included in his district), Contra Costa Supervisor Frederick Glover and Orinda City Councilor Amy Worth.

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An uplifting tale of the streets of San Francisco https://tagsarea.com/an-uplifting-tale-of-the-streets-of-san-francisco/ https://tagsarea.com/an-uplifting-tale-of-the-streets-of-san-francisco/#respond Thu, 21 Oct 2021 15:07:46 +0000 https://tagsarea.com/an-uplifting-tale-of-the-streets-of-san-francisco/

San Francisco. By Michael Shellenberger. Harpist; 416 pages: $ 28.99 and £ 20

“THERE IS CRUELTY here that I don’t think I’ve ever seen, ”said Leilani Farha, then the UNSpecial Rapporteur on Adequate Housing, in San Francisco in 2018. Visitors are regularly dismayed by the desperation of those who live on the streets of the wealthy West Coast city. From 2005 to 2020, the estimated number of homeless homeless nearly doubled, even as homelessness declined nationwide. How can a place brimming with resources and good intentions so blatantly fail to meet the basic needs of the people?

This question and its uncomfortable answers form the backbone of “San Fransicko” by Michael Shellenberger, a former journalist who runs Environmental Progress, a nonprofit group. He attributes the woes of San Francisco to a culture of permissive anarchy and a mistaken view of what constitutes moral policymaking. For example, many on the left think that the lax pursuit of laws is compassionate. As a result, the city generally does not enforce drug laws, even against drug dealers, which is increasingly costing drug addicts. Last year, 713 people died from accidental drug overdoses, more than double the toll from covid-19. “What kind of city regulates ice cream shops more strictly than the drug dealers who kill 713 of its citizens in a single year?” Asks Mr Shellenberger.

Oddly enough, a counter-cultural metropolis renowned for innovation has been beset by group thinking. Campaigners say San Francisco simply needs to spend more to house the homeless, without looking at funds the city is already distributing to a network of irresponsible nonprofits, or considering the magnetic effect of its permissive policies. on people in difficulty elsewhere. About 30% of the homeless population in San Francisco say they were homeless before they arrived.

Mr. Shellenberger’s desire to tell the truth is courageous. Those who challenge the policies adopted by homeless advocates are often attacked as inhuman, even though the same policies have contributed to so many unfortunate people lacking access to shelter. Mr Shellenberger believes they are on the streets in part because of a ‘housing first’ approach, which applies to permanent single-family homes at the expense of building enough temporary housing. In an expensive city, where longtime residents regularly oppose new construction, this is unrealistic.

At its best, “San Fransicko” sounds like a heated conversation at a dinner party, as Mr. Shellenberger recounts his intellectual duels with well-meaning but ill-advised opponents. Depressing statistics abound. Between 2014 and 2018, for example, the number of human excreta complaints to the city’s helpline doubled. There are 50% more injection drug users in San Francisco than there are students enrolled in its public high schools.

However, what the book offers in data, it lacks in characters. Readers find themselves without a keen sense of the personalities and backgrounds of Mr. Shellenberger’s interlocutors. There is also not enough analysis of dysfunctional city governance. He fails to mention it, but San Francisco is the subject of a FBI investigation which has already charged three former city hall officials with wrongdoing. Could his hometown be even sicker than he suggests? The definitive book on modern San Francisco has yet to be written.

This article appeared in the Books and Arts section of the print edition under the title “The Coast of Dystopia”

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Drive by DraftKings VC fund raises $ 60 million https://tagsarea.com/drive-by-draftkings-vc-fund-raises-60-million/ https://tagsarea.com/drive-by-draftkings-vc-fund-raises-60-million/#respond Thu, 21 Oct 2021 09:02:07 +0000 https://tagsarea.com/drive-by-draftkings-vc-fund-raises-60-million/
  • Drive by DraftKings targeting performance investments; sports and games; media and fan engagement; as well as data analysis and monetization
  • The company’s portfolio currently includes Whoop, Cardless and Just Women’s Sports
  • “All-Star Network” also unveiled to support Drive by DraftKings’ investment strategy

Drive by DraftKings, the multi-stage venture capital firm that invests in sports and entertainment technology companies, raised $ 60 million in its first funding round.

Raised in six months, the fund is 20% oversubscribed and includes support from a number of leading sports owners, organizations and athletes.

Notable investors include The Kraft Group and the Jones family, owners of the New England Patriots and Dallas Cowboys of the National Football League (NFL) respectively. Todd Boehly, who owns stakes in the Los Angeles Lakers of the National Basketball Association (NBA), the Los Angeles Sparks of the Women’s National Basketball Association (WNBA) and the Los Angeles Dodgers of the Major League Baseball (MLB), is also a funder.

Other investors include Madison Square Garden (MSG) Sports, MSG Entertainment, Arctos Sports Partners and Fenway Sports Group (FSG) Chairman Mike Gordon. Gaming giant DraftKings, a founding partner of the venture capital firm, also contributed to the fund.

Drive by DraftKings said it will focus on four areas of investment: performance; sports and games; media and fan engagement; as well as data analysis and monetization.

The current portfolio of the new investment fund includes Cardless, Elite HRV, Evaluate.Market, Guidesly, Just Women’s Sports, Muxy, Papaya Gaming, PickUp, StreamLayer, Tappp, Toya, VidMob and Whoop.

Drive by DraftKings also unveiled its “All-Star Network”, designed to support its investment strategy. Members include three-time Olympic ice hockey medalist Hilary Knight, 11-time NFL Pro Bowl wide receiver Larry Fitzgerald and retired professional tennis player James Blake.

“We are proud and delighted to have assembled this list of leading investors. Not only did they embrace our vision to facilitate growth and innovation in sports and entertainment technology, but they also provided the capital to join our mission, ”said Meredith McPherron, Managing Director and Managing Partner of Drive by DraftKings.

“Through our relationship with DraftKings, as well as other iconic sports and gaming brands through our limited partners and advisors, we are well positioned to accelerate the most ambitious new ventures to the frontier of these industries.”

According to MarketsandMarkets, the global sports technology industry – including devices, smart stadiums, sports analytics and esports – was valued at US $ 17.9 billion in 2020 alone. Drive by DraftKings adds that some experts predict that it will exceed US $ 40 billion by 2026.

In addition, the global sports betting market, including retail and online, was estimated at US $ 131.1 billion in 2020 and is expected to reach $ 180 billion by 2028, according to a study by Zion Market Research.

Newzoo’s Global Gaming Market Report also predicts that the global online gaming market will generate $ 175.8 billion in revenue in 2021 and exceed $ 200 billion in 2023.

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Tech billionaire helps Facebook whistleblower https://tagsarea.com/tech-billionaire-helps-facebook-whistleblower/ https://tagsarea.com/tech-billionaire-helps-facebook-whistleblower/#respond Thu, 21 Oct 2021 01:14:44 +0000 https://tagsarea.com/tech-billionaire-helps-facebook-whistleblower/

Omidyar’s global philanthropic organization Luminate manages Haugen’s press and government relations in Europe, and his foundation last year donated $ 150,000 to Whistleblower Aid, the non-profit organization that provides legal representation and advice to Haugen.

And Haugen’s senior public relations representative in the United States, former Obama spokesman Bill Burton, heads public affairs for the nonprofit Center for Humane Technology, an advocacy organization that receives funding from Omidyar. (The center is a client of the Burton firm). Haugen appeared on a Podcast from the Center for Human Technology earlier this month.

Another prominent figure in the tech world in Haugen’s camp: Harvard constitutional law professor and former Democratic presidential candidate Larry Lessig, who Burton confirmed on Wednesday was on the whistleblower’s legal team. “She is represented by an atty team but we are working with her through Larry Lessig,” Burton said via text message.

Facebook declined to comment for this article. Haugen representatives have yet to respond to questions about the support Omidyar and his organizations have directly or indirectly offered to his cause.

But one of Omidyar’s organizations, its advocacy and investment group Omidyar Network, responded to requests for comment by designating a newly released blog post titled “In Support of Technology Whistleblowers Who Hold Technology to Account”.

“We are grateful to the good people who spoke out against Big Tech for its bad behavior,” the unsigned article read. “They play an important role in creating systemic checks and balances for big tech. Because of them, policymakers are taking note and taking action to harness their excessive power and restore confidence and balance on digital markets. “

A person familiar with Luminate’s strategy said Omidyar’s network was only involved after Haugen went public in early October.

“I don’t want to give the impression that Pierre has been involved for months and secretly funded this behind the scenes,” said the person, who requested anonymity to speak frankly. “It is true that he has funded a lot of work around big tech and democracy – many different organizations over several years. And when Haugen’s disclosures became public, we leaned in and said, ‘How can we -help us? “”

The person added that “there will be financial investments of [Omidyar’s] philanthropic organizations on a prospective basis “to keep the conversation going around the issues Haugen has made public.

None of this makes Facebook an underdog, of course: nearly $ 1 trillion in market value in fact the sixth largest company in the world by one measure, and in Washington, it employs hundreds of people and has more than a dozen mandate lobbying firms. CEO Mark Zuckerberg ranks fifth on Forbes list of the richest people in the world.

But Omidyar is also on this billionaire’s list (ranked 83rd). And he spent years funneling much of his wealth into finance the fight against large technology companies, which he criticizes as too powerful and destructive for democracy. This includes funding groups like the Anti-Monopoly Think Tank Open Markets Institute and the digital rights group Public Knowledge.

His own network has also become increasingly involved in the agitation against big tech companies. Last year, its advocacy and investment group Omidyar Network ran widely read articles exposing the antitrust cases against Facebook and Google. The group also organized a whistleblower series in the tech industry in early February this year, months before Haugen showed up.

Haugen, who stepped down as Facebook product manager in May, distinguished herself from other Silicon Valley whistleblowers with her organized PR operation. It includes a collection of prominent Democratic agents, including Burton – whose company Bryson Gillette helps manage media relations for Haugen – and Ben Scott, a former technical advisor to Hillary Clinton who now works at Luminate.

Haugen first sparked public interest as an unidentified whistleblower who had provided a wealth of internal Facebook documents that served as the basis for a investigative series last month in the Wall Street Journal, then revealed his identity in a Episode “60 minutes” October 3 which attracted the program biggest audience since January.

Two days later, she appeared before the Senate Commerce Committee, where she received praise from lawmakers on both sides. (Massachusetts Democrat Ed markey hailed her as an “American heroine of the 21st century.” ”) Its well-organized online presence includes a personal website and a Twitter account which only launched this month.

Monday, Haugen must testify before a committee of the British parliament, a session which will be followed by appearances next month in Belgium and France.

Despite Omidyar’s support, Haugen’s lawyers at Whistleblower Aid said they were in financial difficulty to meet the costs. The organization set up a GoFundMe account for Haugen which raised approximately $ 56,000 with a goal of $ 100,000.

One of Haugen’s other allies, Lessig, wrote in an article on Medium on October 11 that he “serves him on a limited basis as a pro bono lawyer”. He described Haugen as “a woman who risked everything to help us figure out what the world’s most powerful social media company is hiding from us.”

His post also defended Haugen against criticism from journalist Glenn Greenwald – who, oddly enough, was once editor-in-chief of Omidyar-funded outlet The Intercept.

Lessig has been active in a range of causes at the intersection of technology and civil liberties, including calling for an easing of restrictions on copyrights and patents and support for net neutrality and open software. source. He did not respond to a request for comment on Wednesday.


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Oportun Issuance seeks to raise $ 500 million in consumer loans https://tagsarea.com/oportun-issuance-seeks-to-raise-500-million-in-consumer-loans/ https://tagsarea.com/oportun-issuance-seeks-to-raise-500-million-in-consumer-loans/#respond Wed, 20 Oct 2021 20:33:00 +0000 https://tagsarea.com/oportun-issuance-seeks-to-raise-500-million-in-consumer-loans/

Oportun, Inc., a listed consumer finance company based in Menlo Park, Calif., Sponsors the 18e an asset-backed securitization transaction (ABS) secured by fixed rate consumer installment loans.

Most of the deals were backed by unsecured loans, and now the Opportunity Issuance Trust 2021-C is one of the first deals on the platform to be backed by secured personal loans (SPLs), according to the agency. Kroll Bond rating.

As of the statistical calculation date, auto-backed personal loans made up about 1.72% of OPTN 2021-C’s collateral pool, KBRA said.

SPLs cannot exceed 10% depending on established transaction concentration limits. The rating agency noted that SPL products may have a lower default rate and a higher recovery rate than their unsecured counterparts. For this transaction, however, KBRA maintained the same default and collection assumptions as the comparable unsecured product from Opportunity.

Currently, SPL products are only offered in California, Florida and Texas, KBRA noted.

OPTN 2021-C will raise $ 500 million via four tranches of notes. KBRA plans to assign an “A” rating to the Class A Notes and “BBB” to the Class B Notes. The Notes benefit from a credit enhancement in the form of over-collateralization, subordination, reserve account and excess margin. In addition, the transaction has initial credit enhancement levels of 26.5% for Class A tickets and 14.9% for Class B tickets.

Pool loans have balances ranging from $ 300 to $ 12,300. In addition, they have an initial term ranging from seven to 54 months and an annual percentage rate cap of 36%, KBRA said.

Oportun operates through state licenses and offers its loan products to low and moderate income consumers with little or no credit history. On average, the amount of original loans to new customers is $ 2,442 and $ 5,235 for renewed customers. The average client of the company has an annual gross income of about $ 50,000, and about 50% of new Opportunity clients do not have a FICO score.

In August 2021, Oportun began offering loans through its partnership with MetaBank, National Association.

The deal also has a three-year renewable period that allows the transaction to fund further collateral, as long as the collateral meets eligibility criteria and concentration limits, KBRA said. Principal payments will not be made during the renewal period until the coverage tests are satisfied. Among other requirements, the trust must maintain the required amount of overcollateralisation.

The agreement includes provisions for an early amortization event. The trust has certain triggers which, when triggered, will end the rotation period and start repaying the notes.

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Bay Area News Group High School Football Picks: Week 9, Fall 2021 https://tagsarea.com/bay-area-news-group-high-school-football-picks-week-9-fall-2021/ https://tagsarea.com/bay-area-news-group-high-school-football-picks-week-9-fall-2021/#respond Wed, 20 Oct 2021 14:00:20 +0000 https://tagsarea.com/bay-area-news-group-high-school-football-picks-week-9-fall-2021/

Mike Lefkow, the reigning two-time champion in this all-for-fun high school football choice competition, had the best Week 8 record.

The bad news for Lefkow is that he was just a better game than yours and Evan Webeck.

Lefkow went 9-7. We went 8-8.

Yeah, we know. It’s like a bad division in the NFL.

Webeck – aka The Kid – continues to lead the competition even though he’s calmed down since moving to help complete our Warriors beat a few weeks ago.

He holds a two-game lead over me and a five-game cushion over Lefkow as we move into Week 9.

Only three weekends left before the playoffs.

Be sure to watch our roundtable video as we discuss the hot topics of the week and dig a little deeper into our predictions, which this week includes the Holy War game between St. Francis and Bellarmine, California-Monte Vista and Foothill-Dublin. .

If you just want the choices, scroll down to see who we’re taking.

Oh, and please sign up for a digital subscription.

Enjoy.

WEEK 9 CHOICES

Branham (5-2) at Pioneer (5-2), Thursday, 7 p.m.

Sabedra: pioneer

Webeck: Pioneer

Lefkow: Pioneer

Gunn (5-2) at Cupertino (6-0), Thursday, 7 p.m.

Sabedra: Gunn

Webeck: Cupertino

Lefkow: Cupertino

Antioch (4-3) at Heritage (4-3), Friday, 7 p.m.

Sabedra: Heritage

Webeck: Heritage

Lefkow: Heritage

Benicia (5-2) at Acalanes (4-3), Friday, 7 p.m.

Sabedra: Benicia

Webeck: Benicia

Lefkow: Benicia

Amador Valley (4-3) at Clayton Valley (5-2), Friday, 7 p.m.

Sabedra: Clayton Valley

Webeck: Clayton Valley

Lefkow: Clayton Valley

California (6-1) at Monte Vista (6-0), Friday, 7 p.m.

Sabedra: California

Webeck: California

Lefkow: California

Foothill (6-2) in Dublin (5-2), Friday, 7 p.m.

Sabedra: Dublin

Webeck: Dublin

Left: Dublin

Castro Valley (4-3) at Encinal (6-1), Friday, 7 p.m.

Sabedra: Castro Valley

Webeck: Encinal

Lefkow: Encinal

Bishop O’Dowd (3-4) in Piedmont (1-5), Friday, 7 p.m.

Sabedra: Bishop O’Dowd

Webeck: Bishop O’Dowd

Lefkow: Bishop O’Dowd

Lincoln-San Jose (5-2) at Live Oak (5-2), Friday, 7:30 p.m.

Sabedra: Living oak

Webeck: Living oak

Lefkow: Living oak

Gunderson (4-3) at Hill (4-3), Friday, 7 p.m.

Sabedra: Hill

Webeck: Hill

Lefkow: Hill

Homestead (4-3) in Milpitas (2-5), Friday, 7 p.m.

Sabedra: Farm

Webeck: family property

Lefkow: family property

Palo Alto (3-4) at Mountain View (5-3), Friday, 7 p.m.

Sabedra: mountain view

Webeck: mountain view

Lefkow: mountain view

Riordan (4-3) vs. Cathedral of the Sacred Heart (2-5) at Kezar Stadium, Friday, 7 p.m.

Sabedra: Cathedral of the Sacred Heart

Webeck: Cathedral of the Sacred Heart

Lefkow: Cathedral of the Sacred Heart

St. Francis (6-0) vs. Bellarmine (5-2) at San Jose City College, Friday, 7 p.m.

Sabedra: Saint Francis

Webeck: Saint Francis

Lefkow: Saint Francis

WEEK 8 RESULTS

Grenada 41, Dougherty Valley 27

Sabedra: Dougherty Valley (L)

Webeck: Dougherty Valley (L)

Lefkow: Dougherty Valley (L)

Castro Valley 55, Washington-Fremont 21

Sabedra: Washington-Fremont (G)

Webeck: Castro Valley (W)

Lefkow: Castro Valley (W)

El Cerrito 56, Salesian 0

Sabedra: El Cerrito (O)

Webeck: El Cerrito (O)

Lefkow: El Cerrito (O)

Hillsdale 42, Capucino 41, overtime

Sabedra: Hillsdale (O)

Webeck: Hillsdale (O)

Lefkow: Hillsdale (O)

Los Gatos 49, Palo Alto 0

Sabedra: Los Gatos (F)

Webeck: Los Gatos (W)

Lefkow: Los Gatos (F)

De La Salle 52, California 14

Sabedra: De La Salle (F)

Webeck: De La Salle (F)

Lefkow: De La Salle (F)

Campolindo 24, Acalanes 14

Sabedra: Acalanes (L)

Webeck: Acalanes (L)

Lefkow: Acalanes (L)

Clayton Valley 28, San Ramon Valley 21

Sabedra: San Ramon Valley (L)

Webeck: San Ramon Valley (L)

Lefkow: San Ramon Valley (L)

Menlo 48, Aragon 7

Sabedra: Menlo (F)

Webeck: Menlo (F)

Lefkow: Menlo (F)

Monte Vista 10, Amador Valley 7

Sabedra: Monte Vista (O)

Webeck: Monte Vista (O)

Lefkow: Amador Valley (L)

Horizon 31, Fremont-Oakland 13

Sabedra: horizon line (O)

Webeck: Fremont-Oakland (L)

Lefkow: horizon line (O)

Property 49, mountain view 45

Sabedra: mountain view (L)

Webeck: mountain view (L)

Lefkow: mountain view (L)

Burling 35 game, Terra Nova 14

Sabedra: Terra Nova (G)

Webeck: Terra Nova (L)

Lefkow: Burlingame (F)

Cathedral of the Sacred Heart 20, Bellarmine 13

Sabedra: Bellarmine (G)

Webeck: Bellarmine (G)

Lefkow: Bellarmine (G)

Serra 28, Christian Valley 21

Sabedra: Serra (Z)

Webeck: Serra (O)

Lefkow: Serra (F)