In case you’ve been hiding out in a cave this week (one without a dependable wireless connection, that is), you’ve probably heard that Twitter has gone public.
The microblogging platform that took the world by storm less than eight years ago, now has more than 100 million daily active users worldwide and is valued at close to $13 billion. In September, the company filed for its Initial Public Offering (IPO). And on Thursday, amid much fanfare, Twitter’s stock began trading on the New York Stock Exchange under the ticker symbol TWTR, with shares initially priced at $26 a pop. Continue reading
Following up on his last cartoon infographic exploring “the poverty threshold” in the United States, graphic journalist Andy Warner digs into the concept behind “the poverty line,” the origins of that measurement and why it’s considered so outdated today. View it below in full, or in segments as a slideshow. Continue reading
And here I was just starting to get my government shutdown groove on.
I mean, without the thrill of waking up every morning to the debt default doomsday machine ticking down to the brink of economic catastrophe, life honestly seems a bit mundane. At least Congress didn’t go too nuts and actually resolve the issue; they just went ahead and did what any rational group of people do when confronted with a difficult situation: they put it off for another day — you know, kicked the can down the road. Anyone smell a sequel? (And yes, I’ve already reserved front row tickets for Round 2 in January. I hear it’s gonna be awesome. My sources tell me that before the final death match, John Boehner reveals himself as President Obama’s real father).
But seriously … With the stroke of a pen, the government sputtered back to life last Thursday morning after Obama and Congress ended a 16-day political standoff that had left large swaths of the federal government shuttered and put the U.S. at risk of losing it’s ability to borrow money. The compromise allows federal agencies to resume operations, reopen public facilities and abruptly end the unpaid staycations of hundreds of thousands of furloughed employees. Continue reading
As Bay Area commuters once again brace for the possibility of a prolonged BART strike and look to alternative transportation means, it seems apropos to feature this innovative multimedia piece: a collection of some of the region’s major public transit lines and the dramatic income disparities that exist among the communities living along those routes. Continue reading
By Andy Warner
Earlier this month — back in the good ole’ days when our government was actually functioning (sort of) — the U.S. Census Bureau released a series of 2012 income data for American households (and no, I can’t provide the link, because the Census site is still closed for business). The figures shows that despite the nation’s supposed economic recovery, average American household incomes didn’t really budge from where they were the year before. Meanwhile, the poverty rate remained at roughly the same level as it was in 2011 as well. The data underscore a growing gap in wealth inequality in America, with the incomes of lower and middle class households stagnating, while those among the wealthiest continue to rise at a rapid clip. In this comic infographic, graphic journalist Andy Warner breaks down these figures and what they mean for the millions of average American families still just scraping by. To view it as a slideshow in individual segments, click the thumbnail below.
Last week, Gov. Jerry Brown signed legislation to create California’s first set of regulations on hydraulic fracturing. The controversial extraction technique, commonly known as fracking, involves the high-pressure injection of water, sand and chemicals into deep shale formations in order to create fractures that release reserves of oil or natural gas.
While fracking operations in the Northeast generally extract natural gas, in California, oil is the big prize. Continue reading
Looking for an apartment to rent in San Francisco?
Last year, the City by the Bay earned the dubious distinction of having America’s most expensive rental market, beating out longtime heavyweight New York. Due in part to the surge in the region’s tech-fueled jobs market (some “friend” indeed, Zuckerberg!) and the city’s longstanding shortage of affordable housing units, the spike has led to jaw-dropping rents, with the median monthly rate of a mere studio at more than $2,200 a month, according to apartmentlist.com. Continue reading
California’s lowest-paid workers received some much welcomed news this week when state lawmakers approved a hotly contested bill to gradually bump up the minimum wage to $10 an hour.
The legislation, which Governor Jerry Brown has already promised to sign, will hike the state’s minimum wage to $9 by next July and $10 by January 2016, an increase of 25 percent. It’s the first statewide increase in six years, and will give California the highest minimum wage in the nation. Currently, Washington State leads the way, with a minimum wage of $9.19 an hour. California also trails Vermont and Oregon. Continue reading
It pays to put people under.
That’s according to the Bureau of Labor Statistics’ National Occupational Employment and Wage Estimates, which ranked anesthesiologists as America’s highest-paid workers in 2012, earning a mean annual salary of nearly $235,000, or an average of roughly $113. Continue reading