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In the days before a recent ballot referendum in Seattle that would determine the future of social housing in the city, large tech companies spent big. Amazon and Microsoft, both of which are headquartered in the Seattle metropolitan area, each donated $100,000, and opponents of a tax to fund social housing spent a combined $780,000 in the lead-up to the February 11 vote. Despite this, the vote on a corporate tax to fund the city’s social housing authority won, with 63% of voters supporting it. In 2023, voters had already resoundingly approved the social housing authority, agreeing that a new entity would be created to acquire and construct mixed-income housing and ke…

Getting older can be a time when declining vision, hearing, and cognitive abilities may mean it’s no longer safe to drive. It may even lead to giving up your driver’s license. In theory, those who age out of driving should be perfect new customers for ride-sharing apps. And yet, Lyft says only 5.6% of its U.S. riders are older than 65. The company sensed a disconnect. The app wasn’t meeting older riders’ needs, and it needed a redesign. Lyft Silver, now available nationwide, is designed specifically for older users, with a font that’s 1.4 times bigger than the standard app, and a simple interface. “Developing Lyft Silver was truly a labor of care and intention…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Among the nation’s 100 largest metro area housing markets, no major market saw greater home price appreciation during the Pandemic Housing Boom than Austin, TX—where home prices surged a staggering 72.5% between March 2020 and June 2022. Since the boom fizzled out three years ago, Austin has also experienced the largest home price correction (-26.0%) among those same 100 major markets. Austin being among the hardest-hit markets isn’t surprising. Back in May 2022, I wrote an article for Fortune outlining Austin’s heightened downside risk this cyc…

Bill Gates has invested billions over the last two decades to help fight climate change. But in a new blog post, he argues that world is too focused on cutting short-term emissions. “The doomsday outlook is causing much of the climate community to focus too much on near-term emissions goals,” he writes, calling for a “strategic pivot” to focus on “improving lives” by focusing development dollars more on agriculture and disease and poverty eradication. The logic is flawed, and built on a series of false trade-offs that ignore how interconnected climate and development goals are. Gates criticizes the “doomsday” view that climate change will “decimate civilization” i…

In honor of its 25th anniversary, the Gates Foundation made a major announcement. On Thursday, chair Bill Gates said he would give away most of his fortune over the next two decades. “People will say a lot of things about me when I die, but I am determined that ‘he died rich’ will not be one of them,” Gates wrote in an announcement on GatesNotes. The statement continued, “There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned.” Gates explained that he would give away practically all of his fortune over the …

In his new book, Here Comes The Sun, author and activist Bill McKibben argues that we’re at a tipping point where solar and wind power is now cheaper to build and harness than fossil fuels. Because of that new economic reality, he argues renewable energy has the power to transform society—if only the U.S. government would listen. McKibben, who also publishes a free Substack called The Crucial Years, came on the Most Innovative Companies podcast to talk about what Bill Gates is getting wrong about climate concerns, how solar became cheaper than fossil fuels, and the importance of mobilizing senior citizens in the fight against climate change through his organization T…

The Senate passed legislation Monday to reopen the government, bringing the longest shutdown in history closer to an end as a small group of Democrats ratified a deal with Republicans despite searing criticism from within their party. The 41-day shutdown could last a few more days as members of the House, which has been on recess since mid-September, return to Washington to vote on the legislation. President Donald The President has signaled support for the bill, saying Monday that “we’re going to be opening up our country very quickly.” The final Senate vote, 60-40, broke a grueling stalemate that lasted more than six weeks as Democrats demanded that Republicans negoti…

It’s the end of an era for surf-and-skate-inspired clothing enthusiasts, as some once-beloved stores close their doors. Liberated Brands, which owns Billabong, Quicksilver, Volcom, Roxy, and other brands, filed for Chapter 11 bankruptcy in Delaware this week. As a result, 120 stores across the U.S. owned by the company will close. The company will also close its international offices, and has laid off 1,400 employees. In a declaration filed along with the Chapter 11 petition, CEO Todd Hymel blamed the rise of fast fashion brands, as well as high interest rates and inflation, for the brand’s demise. “The average consumer has shifted their spending away from dis…

The flight disruptions during the record government shutdown that ended last week inspired a rare act of bipartisanship in Washington on Tuesday, when congressional representatives from both parties introduced legislation that would allow air traffic controllers to get paid during future shutdowns. The bill proposes funding salaries, operating expenses, and other Federal Aviation Administration programs by tapping into a little-used fund with $2.6 billion that was created to reimburse airlines if the government commandeers their planes and they are damaged. The bill’s sponsors, which include four of the top Republicans and Democrats on the House Transportation and Inf…

America has been dealing with a bird flu outbreak for some time, and now fears over possible contamination in cat food have led to a recall. Here’s what to know about the recall of cat food linked to possible bird flu contamination. What’s happened? On March 1, the U.S. Food and Drug Administration (FDA) published a recall notice relating to certain products sold by Wild Coast LLC (dba Wild Coast Raw) of Olympia, Washington. The recalled products are raw pet food for cats. The reason? The products may be contaminated with Highly Pathogenic Avian Influenza (HPAI) H5N1, better known as bird flu. The bird flu virus can live in manufactured products, including pet …

A new study shows that bird flu has silently spread from animals to some veterinarians. The study published Thursday by the Centers for Disease Control and Prevention echoes two smaller ones that detected evidence of infection in previously undiagnosed farmworkers. In those studies, several of the infected workers remembered having symptoms of H5N1 bird flu, while none of the veterinarians in the new paper recalled any such symptoms. The new study is more evidence that the official U.S. tally of confirmed human bird flu infections — 68 in the last year — is likely a significant undercount, said Dr. Gregory Gray, an infectious disease researcher at the University o…

Birkenstock, the renowned German footwear brand, posted stronger-than-expected sales for its fiscal first quarter, fueled by strong holiday demand and the growing popularity of its closed-toe clogs. However, the company’s U.S.-listed shares (NYSE: BIRK) were down about 3% in premarket trading Thursday as of the time of this writing. Strong demand meets investor skepticism The company reported quarterly revenue of €361.7 million, exceeding analyst expectations of €356.2 million. However, it maintained its annual margin forecast, as Reuters reported. The drop in share price is likely related to a cautious outlook on profit margins for fiscal 2025, with inves…

Is Bitcoin biting the dust? The world’s most popular cryptocurrency (BTC) has seen its value drop significantly from highs earlier this year as it has struggled to shake off a price decline that began in early October. As of Monday morning, the price of one BTC was around $94,000, which is down almost 8% over the past five days and down 14% over the past month. Notably, the token is now roughly flat since the beginning of the year—meaning it’s given back all of the value it gained earlier in 2025, having topped out at slightly more than $124,000 in October. The downturn started in early October, and since then, Bitcoin is down roughly 32%, putting it fi…