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Merlebep

25 Jan 2024 - 04:22 am

Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
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The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history.
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The cuts will impact at least 115 journalists, the newspaper reported, or slightly more than approximately 20% of the newsroom. Some 94 of those cuts will be among unionized employees, union chief Matt Pearce said, meaning a quarter of the union will be laid off.

Pearce described the total number of employees being laid off as a “devastating” figure, but said it was “nonetheless far lower than the total number” expected last week.

A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment.

The newspaper, which houses the largest newsroom in the western US, has plunged into disarray in recent weeks as it faces a major financial shortfall, losing tens of millions of dollars a year. Its top editor, Kevin Merida, suddenly announced his departure. And two of the four members of an interim leadership team announced by Soon-Shiong have also abruptly exited in recent days.

Jeromyden

25 Jan 2024 - 03:30 am

Los Angeles Times slashes more than 20% of newsroom staff as the paper confronts a ‘financial crisis’
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The Los Angeles Times on Tuesday, facing what senior leadership described this week as a “financial crisis,” commenced a round of painful layoffs across the newsroom, a workforce reduction that is set to be one of the most severe in the newspaper’s 142-year history.
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The cuts will impact at least 115 journalists, the newspaper reported, or slightly more than approximately 20% of the newsroom. Some 94 of those cuts will be among unionized employees, union chief Matt Pearce said, meaning a quarter of the union will be laid off.

Pearce described the total number of employees being laid off as a “devastating” figure, but said it was “nonetheless far lower than the total number” expected last week.

A spokesperson for The Times, which is owned by biotech billionaire Dr. Patrick Soon-Shiong, did not immediately comment.

The newspaper, which houses the largest newsroom in the western US, has plunged into disarray in recent weeks as it faces a major financial shortfall, losing tens of millions of dollars a year. Its top editor, Kevin Merida, suddenly announced his departure. And two of the four members of an interim leadership team announced by Soon-Shiong have also abruptly exited in recent days.

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24 Jan 2024 - 05:36 pm

Venmo and other payment app theft is ‘skyrocketing,’ Manhattan DA warns
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Venmo, Cash App, PayPal, Zelle and other payment apps may be convenient ways to send cash with a few taps of your smartphone, but they’re a breeding grounds for theft, Manhattan District Attorney Alvin Bragg tells CNN.

Culprits range from savvy swindlers, who trick their way into victims’ locked cell phones, to violent offenders who either drug their targets and then take advantage or bark out commands while threatening physical harm, Bragg said in an interview.

The issue has gotten so out of hand in New York that Bragg has sent a letter to the popular apps demanding that they put in more security measures, including lower transfer limits, additional password security, additional wait times for large transactions and increased monitoring for unusual activity.

In the letter, Bragg cited a 2022 letter from Sen. Elizabeth Warren’s office that was sent to the banking industry where they said fraud claims had tripled between 2020 and 2022, costing consumers hundreds of millions of dollars. The investigation centered around Zelle and indicated not only was fraud rampant, but was getting worse. And banks have often been unwilling to make customers whole, even if they were victims of fraud.

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24 Jan 2024 - 03:44 pm

Alaska Airlines CEO says company found loose bolts on ‘many’ Boeing Max 9s
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Alaska Airlines CEO Ben Minicucci revealed the carrier found “some loose bolts on many” Boeing 737 Max 9s in an interview for “NBC Nightly News with Lester Holt” on Tuesday.

It was the CEO’s first interview since a door plug on one of its Max 9 airplanes shot out from the side of the fuselage only a few minutes into a flight from Portland, Oregon, to Ontario, California, forcing the pilot to make an emergency landing.

“I’m more than frustrated and disappointed. I am angry. This happened to Alaska Airlines. It happened to our guests and happened to our people,” Minicucci said, according to excerpts released ahead of the interview’s airing.

“Boeing is better than this. Flight 1282 should never have happened,” Minicucci said during the interview.

Boeing’s 737 factory will have what the company calls a “quality stand down” at its Renton, Washington facility Thursday, the company announced Tuesday.

Kurtisantip

24 Jan 2024 - 03:12 pm

Why do we have right-on-red, and is it time to get rid of it?
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In America, traveling through red lights on right turns has become a rule of the road. Frequently, you get honked at if you don’t speed through fast enough.

But the widespread driving practice is now coming under scrutiny, and facing government curbs, for being too dangerous.

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Years ago, right-on-red was mostly limited to California and a few other western states. Woody Allen famously declared in “Annie Hall” that he’d never live in Los Angeles because the city’s “only cultural advantage is that you can make a right turn on a red light.”

Right-on-red spread across the country in the 1970s in response to the Arab oil embargo against the United States and oil rationing. States introduced it as a gas-savings measure: The theory was that it would reduce idling at red lights.
Congress sped up states’ adoption of right-on-red laws with a provision in the 1975 Energy Policy and Conservation Act. It tied states’ eligibility for federal energy assistance to allowing right-on-red “to the maximum extent practicable consistent with safety.”

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By 1972, 13 states allowed RTOR, according to a legislative history of the practice in Connecticut. By the end of the decade, nearly every state in the country had it. (Although not New York City — and the patchwork of municipalities which do or don’t allow it only adds to the behind-the-wheel confusion.)