Day: September 14, 2020

Did Oracle offer a TikTok deal to serve Trump?

Here are some of the strange things about Oracle’s deal for TikTok’s U.S. social media platform that make it seem like a sop to President Trump.

— Structuring the deal as one in which Oracle is a “trusted tech partner” of TikTok rather than an outright buyer doesn’t do anything to wall off the app from its Chinese founders, which supposedly was at the heart of Trump’s concern about the app.

— TikTok, which allows users to post short videos online, is a major hit among consumers, especially young users. To say Oracle has never served that market would be a huge understatement; Oracle’s core market is business — most consumers are probably unaware it even exists.

The White House accepting such a deal would demonstrate that this exercise was pure grift.

Alex Stamos, Facebook’s former security chief

— Trump seemed to put his thumb on the scale favoring Oracle

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Meet the exec behind Microsoft’s $10 billion JEDI Pentagon cloud contract win and its efforts to woo industries like healthcare, finance, and government

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Toni Townes-Whitley, Microsoft's president of US regulated industries. <p class="copyright">Microsoft</p>
Toni Townes-Whitley, Microsoft’s president of US regulated industries.

Microsoft wants to position itself as the top cloud provider for governments, schools, financial firms, and healthcare companies and one key executive is at the center of it all of those ambitions: Toni Townes-Whitley.

Townes-Whitley, the company’s president of US regulated industries who joined Microsoft in 2015 and took on the role in 2018, has already made her mark on Microsoft’s $15 billion public-sector business when she helped the company land a $10 billion cloud-computing contract with the Pentagon in late 2019. 

Then, the importance of her role expanded unexpectedly this year as the coronavirus crisis has forced Microsoft customers to adopt cloud-computing technologies at lightning speed.

She’s steering Microsoft’s government and regulated industries business at an unprecedented time, as the company courts massive customers and shifts its strategy to target industries in her purview — such as healthcare — with

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Temperature checks. Spread out desks. How the first day went in a reopened Sacramento school

There were temperature checks for students and desks spread out. Hallways marked so students would only walk in one direction, cutting down on congestion. Everyone was in masks.

This was the school experience on Monday at St. John Vianney in Rancho Cordova, one of 19 campuses in Sacramento County that received a waiver last week to reopen classroom instruction with coronavirus safeguards in place. Of those campuses, 16 were part of the Sacramento Diocese, whose officials worked closely with county health officials to reopen campuses for students in grades TK through sixth grade.

Students at St. John Vianney returned to campus early in the morning, ready for a full day of instruction. Teachers handed students their bags of supplies: books, crayons, and other school materials. There will be no sharing supplies this school year. Students tucked their materials under their desks, near or in pouches behind their chairs.

Classrooms were

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Am I Too Comfortable Living With My Parents?

Linne Halpern, HelloGiggles

With September somehow fully underway, I have officially been living at home in Ohio for six months. It is the longest stretch of time—by far—that I have spent under my parents’ roof since I left for college over six years ago.

This was never the plan.

You see, I used to live in New York City, where I was accustomed to the “busy” lifestyle of many cosmopolitan millennials. My weekdays were packed with “working breakfasts” and PR launches as a freelance writer, while my weekends were filled with pilates classes and dinners with friends. I enjoyed this life and had no intention of abandoning it.

But, when the coronavirus (COVID-19) pandemic hit, it all started to look less shiny. The thought of being stuck inside my 300-square-foot studio—alone—incited panic. With nowhere else to go and a craving for parental support, I headed home in mid-March. I arrived

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Brentwood’s Diesel bookstore launches a GoFundMe as more stores struggle through pandemic

Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop's GoFundMe. <span class="copyright">(Genaro Molina / Los Angeles Times)</span>
Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop’s GoFundMe. (Genaro Molina / Los Angeles Times)

Next to a bottle of hand sanitizer, on a table at an entrance to Brentwood’s Diesel bookstore, is a message to customers describing an existential crisis induced by a pandemic. It says, in essence: We need your help.

“We have tried to weather this storm, with creative reinvention, hard work, and perseverance, as we always have,” reads the note from Diesel owners Alison Reid and John Evans. “We’ve managed to keep our booksellers afloat financially and with the necessary health care. But at this point, our stores are foundering.

“… So we are asking for your support to restore us to a sustainable level, to make it through this taxing time… We have resisted this appeal to our wider community, but now we are running

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This Upstart Chinese Brokerage Is Now Bigger Than Credit Suisse

(Bloomberg) — East Money Information Co., founded by a 49-year-old former stock commentator, is one of the big winners in China’s wildest stock frenzy in half a decade.

Shares in the online broker and market data provider have rocketed 78% this year, giving it a market value of more than 200 billion yuan ($29 billion). That puts it among the world’s biggest traded institutional brokers, making it more valuable than even Credit Suisse Group AG, according to data compiled by Bloomberg.

Its founder, a former analyst and columnist who goes by his pen name, Qi Shi, has become very rich. After starting the firm in 2005 as Shanghai Dong Cai Information Technology, his 21% stake is now worth $6.2 billion. His father and wife, the second- and third-largest shareholders, own another 5% combined.

Like the popular Robinhood Markets Inc. app in the U.S., East Money has found a sweet spot

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Kanye West Fails to Make Another State’s Ballot: Campaign Update

(Bloomberg) — Kanye West will not appear on the West Virginia ballot. Colorado voters can now track mail-in ballots online, joining a growing list of states. And Democratic nominee Joe Biden’s staff has become more diverse since the campaign last disclosed demographic data, in June.

There are 50 days until the election.

Other Developments:

Millionaires Would Pay Up Under Biden Tax Plans, Study ShowsDeJoy Gave $600,000 to GOP After Postmaster Job Opened UpTrump Team’s China Focus Distracts From Russia Election MeddlingTrump Campaign Slashes Ad Spending in Key States in Cash Crunch

Kanye West Won’t Appear on West Virginia Ballot

West will not appear on the West Virginia ballot as a presidential candidate after a federal court denied his request due to insufficient signatures.

The decision is the latest roadblock to the rapper’s quixotic campaign. Courts in Ohio and Arizona have both removed his name from the ballot.

West was recently

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Can You Retire Comfortably if You Only Work a Part-Time Job?

Working part time is nothing new, but the gig economy makes it more attractive than ever to take a high-paying hourly job. Rather than toiling in a single full-time job, online employment platforms make it possible to string together a number of part-time positions for a career that features flexible hours and expanded free time.

However, part-time employment has downsides when it comes to retirement. While full-time workers can receive enticing perks like retirement plans and health insurance, gig workers and others with part-time hours may be solely responsible for their own savings and benefits. That can make it difficult to prepare for the retirement lifestyle you want, especially if you only work a single part-time job.

“I’m going to tell you as a retirement planner … it is not possible for most people,” says Wendy Terrill, owner of retirement planning firm Assurance & Guarantee in Burlington, North Carolina.

Still,

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Nancy Pelosi’s daughter Christine says Netflix should ‘cancel’ ‘Cuties’

With the fall streaming season officially on, Netflix launched a wave of fresh content over the weekend, including TV shows like The Duchess and Julie and the Phantoms and the buzzy feature documentary, The Social Dilemma. But the most talked-about title on the streaming service remains Cuties, the French coming-of-age story that’s at the center of an ever-growing national controversy over its depiction of growing up in the social media era.

Since the film’s release on Sept. 9, a #CancelNetflix campaign has been one of the top trending topics on Twitter. In a report provided to Yahoo Entertainment, the data trends analytics company SEMrush noted that over 50,000 tweets were posted about Cuties from Sept. 10 to Sept. 14, and almost half of those also carried the #CancelNetflix hashtag.

Some of those tweets are coming from prominent political voices. On Thursday, author, lawyer and political strategist Christine Pelosi

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TikTok owner picks Oracle over Microsoft as US tech partner

TikTok said in a statement Monday that its proposal to the Treasury Department should ‘resolve the Administration’s security concerns’

Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.

Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by U.S. Treasury Secretary Steven Mnuchin, who told CNBC on Monday that TikTok’s parent company, ByteDance, submitted its proposal to the U.S. government for approval.

Read More: White TikTok star dragged for claiming Ashanti’s classic ‘Foolish’ was her ‘new song’

“We did get a proposal over the weekend that includes Oracle as the trusted technology partner with Oracle making many representations for national security issues,” Mnuchin said.

Mnuchin said there’s also a commitment to make TikTok’s global operations a U.S.-headquartered company

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