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Virgin Orbit collapse: Mass layoffs at Richard Branson’s satellite launch company after failed mission

March 31, 2023 by www.fastcompany.com

Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission. The company, headquartered in Long Beach, California, will cut 675 jobs, about 85% of its workforce, according to a Friday filing with the U.S. Securities and Exchange Commission. Earlier this month Virgin Orbit said that it was pausing all operations amid reports of possible job cuts. At the time the company confirmed that it was putting all work on hold, but didn’t say for how long. In January, a mission by Virgin Orbit to launch the first satellites into orbit from Europe failed after a rocket’s upper stage prematurely shut down. It was a setback in the United Kingdom which had hoped that the launch from Cornwall in southwest England would mark the beginning of more commercial opportunities for the U.K. space industry. The company said in February that an investigation … [Read more...] about Virgin Orbit collapse: Mass layoffs at Richard Branson’s satellite launch company after failed mission

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Gavin Newsom Unveils National PAC Targeting Republican-Led States

March 31, 2023 by dailycaller.com

Democratic California Gov. Gavin Newsom launched Campaign for Democracy, a political action committee focused on challenging state-level Republicans, Thursday afternoon. The PAC’s website says it will fight against “authoritarianism” and “extremist Republicans,” and it features photographs of former President Donald Trump, Republican Florida Gov. Ron DeSantis, House Speaker Kevin McCarthy and Republican Texas Gov. Greg Abbott. Newsom suggests these and other GOP leaders are a threat to freedom. NEW: I’m launching a new organization, Campaign for Democracy. America is in an existential struggle for democracy. Extremist Republicans are systematically attacking the very foundations of our free society — denying women equality, attacking https://t.co/dhkSqoB0db … pic.twitter.com/cvdJu9mNro — Gavin Newsom (@GavinNewsom) March 30, 2023 “Authoritarian leaders are so hell-bent on gaining power and keeping it that they’re directly attacking our freedoms in state after … [Read more...] about Gavin Newsom Unveils National PAC Targeting Republican-Led States

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She Worked Undercover for the CIA. Now, Her Apparel Company Tops $10 Million in Annual Sales

March 27, 2023 by www.inc.com

Emily Hikade didn't plan on running a fast-growing startup. After a near-death experience, one thing just led to another. A case officer working undercover for the Central Intelligence Agency, Hikade's job had taken her family to nine countries on three continents, and she wanted a safer life for her children. During a flight over the Indian Ocean to meet an affiliate of a known terrorist group, Hikade's plane started to nosedive. "The lights went out and people were screaming," Hikade told Inc. 's What I Know podcast . "I had three little boys at home, and my youngest one wasn't even a year old. I could see them so clearly in my head, and I felt really profoundly sad that they were going to grow up without a mother." While aspiring entrepreneurs can feel like there's no ideal time to start a company, as the plane righted itself, Hikade thought, well, this is as good a time as any. In 2015, while working in East Africa, Hikade launched Petite Plume, a high-end … [Read more...] about She Worked Undercover for the CIA. Now, Her Apparel Company Tops $10 Million in Annual Sales

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Billionaire Ex-Trump Ally Ronald Lauder Met With Ron DeSantis As He Courts Wealthy Execs On Trump’s Turf, Report Says

March 30, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline Billionaire GOP megadonor and onetime ally to former President Donald Trump Ronald Lauder, met with Florida Gov. Ron DeSantis recently as the likely 2024 GOP presidential candidate pitches himself as the adult in the room to wealthy donors amid increasingly incendiary rhetoric from Trump. Key Facts Lauder met with DeSantis, who is widely expected to announce a run for president in early summer, at his Long Island estate several months ago, Politico reported , citing two unnamed sources familiar with the meeting. The reported meeting comes after Lauder—heir to Estée Lauder who has known Trump for decades and helped fund his 2020 reelection bid—said through a spokesperson in November that he will not donate to Trump’s 2024 campaign, though he did not say whom he would support in 2024 and did not comment to Politico on the recent DeSantis meeting. DeSantis is reportedly targeting wealthy New … [Read more...] about Billionaire Ex-Trump Ally Ronald Lauder Met With Ron DeSantis As He Courts Wealthy Execs On Trump’s Turf, Report Says

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McCarthy Mocks Biden Amid Debt Ceiling Standoff—Offering To Bring ‘Soft Foods’ To Negotiating Table

March 30, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Topline House Speaker Kevin McCarthy (R-Calif.) launched a personal attack against President Joe Biden on Thursday, as negotiations between the White House and GOP lawmakers surrounding two high-stakes fiscal issues—the debt ceiling and the federal budget—are deadlocked. Key Facts McCarthy offered Thursday to meet with Biden “tonight” to discuss increasing the U.S.’ federal borrowing limit, offering to bring “soft foods” to a White House lunch if Biden would agree to a sit-down, in what appears to be a ham-fisted attempt to ridicule the president about his age. (At 80, Biden is the oldest president in history.) The offer is a non-starter, however, as the White House has repeatedly called on Congress to pass a debt ceiling increase with no strings attached and said it will not negotiate with Republicans on increasing the borrowing limit, which the federal government is expected to reach some time in late summer. … [Read more...] about McCarthy Mocks Biden Amid Debt Ceiling Standoff—Offering To Bring ‘Soft Foods’ To Negotiating Table

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From Love Boat To Family Boat

March 31, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Many people remember the much-loved TV show The Love Boat , which ran for almost ten years starting in 1977. At that time, the Princess vessel the Pacific Princess had a starring role in the show, and the ship introduced millions of views to the concept of cruising. The show was credited, in part, with fueling the massive expansion in the cruise industry into what is today a multibillion-dollar business. According to CLIA, the world’s largest cruise industry trade association, in 2019 (before the global pandemic hit) the global cruise industry totaled nearly 30 million passengers, creating jobs for 1.8 million people around the world and contributing over $154 billion to the global economy. With this growth came increased awareness that cruising can be an affordable, fun and relatively easy way to travel the world. For many people, Americans specifically, who spent their vacations in their home country, the opportunity to … [Read more...] about From Love Boat To Family Boat

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