It will be a turkey of a Thanksgiving for thousands of Paramount employees.
The media giant is targeting early November for what one insider called an epic “bloodbath” — a massive round of layoffs following its merger with Hollywood studio Skydance Media, The Post has learned.
Jeff Shell — the former NBCUniversal boss tapped by Skydance as Paramount’s new president — has told managers at the home to Paramount Pictures, CBS, MTV and Showtime to start compiling “kill lists,” a source with knowledge said.
Something strange is happening in Philadelphia right now—a real-life social experiment unfolding in real time, and it’s not one the city signed up for. The so-called “City of Brotherly Love” is quickly becoming the City of Utter Garbage.
Sanitation workers—members of District Council 33—have gone on strike. So have workers from the Water Department. Even 911 operators briefly joined the picket line before court orders forced some of them back to work. But the most visible—and pungent—impact is coming from the absence of sanitation services.
The union’s grievances are real: they say wages haven’t kept up with inflation, cost-of-living increases have been ignored, and the value of their essential work has gone long unrecognized. And now, Philadelphia is about to learn just how valuable these workers are.
It’s been a little less than 24 hours since District Council 33, Philadelphia’s largest workers’ union, went on strike and dumpsters are already overflowing at designated trash drop-off sites.
Garbage is already piling up on street corners on day one of the strike. Giant dumpsters set up by the city—meant to act as temporary collection points—were filled by the end of the first day. Overflowing trash is now stacking beside them, baking in the 90-degree heat.
Mayor Cherelle Parker urged residents to drive their garbage to one of these dozens of authorized sites. But that suggestion is tone-deaf at best. Nearly 480,000 Philadelphians don’t own a vehicle. So unless you plan to walk your garbage in the summer heat through a city already buckling under stress, you’re out of luck.
https://www.tiktok.com/t/ZTjEBpmwX
What we’re witnessing isn’t just a labor dispute—it’s a test of urban resilience. How long can a modern American city function without basic sanitation? At what point does trash become not just an inconvenience but a public health crisis? And what happens to the social fabric when the very people who keep the system running say, “Enough”?
Meanwhile, Mayor Parker and other city officials have accused some individuals of deliberately opening fire hydrants to sabotage water pressure—another alarming sign of social tension in the midst of this strike.
One thing is clear: this is going to get worse before it gets better.
District Council 33 has reached its breaking point. The bigger question now is: How long until the entire city of Philadelphia does too? Until then, garbage will keep rising—along with the stakes.
The Dow opened about 369 points, or 0.8%, lower. The S&P 500 fell by 2% and the tech-heavy Nasdaq plunged by 3.6%. The Nasdaq hasn’t closed 4% lower since September 2022.
Meta last week said it would spend upward of $65 billion this year on AI development. Sam Altman, CEO of OpenAI, last year said the AI industry would need trillions of dollars in investment to support the development of in-demand chips needed to power the electricity-hungry data centers that run the sector’s complex models.
Global chip stocks slumped Monday after Chinese artificial-intelligence company DeepSeek said it had developed AI models that nearly matched American rivals despite using inferior chips, raising fears the global dominance of U.S. tech could be under threat.
DeepSeek said last week that the performance of its latest R1 model was on par with OpenAI’s o1-mini model that the ChatGPT maker released in September. The announcement came after DeepSeek said in a late-December report that it used a cluster of more than 2,000 Nvidia chips to train its V3 model, compared with the tens of thousands of chips that are normally used for training models of a similar size.
Several online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
User reports appeared to peak around and just before 10 a.m. ET, data from outage tracker Downdectector shows. Some frustrated customers online said that they were unable to log in or access their account balances.
“Due to a technical issue, some clients may have difficulty logging in to Schwab platforms,” Charles Schwab wrote on social media platform X Monday morning. “Please accept our apologies as our teams work to resolve the issue as quickly as possible.”
FTX founder Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now missing
Sources said that the CEO showed spreadsheets revealing the missing funds from FTX, which along with Alameda declared bankruptcy on Friday
Bankman-Fried denied making the secret transfers to his crypto trading firm, which is run by his girlfriend, Caroline Ellison
He declined to comment about the missing funds and said his firm had ‘confusing internal labeling’
The SEC, which has been criticized for not acting sooner, is investigating FTX’s handling of customer funds, as well its crypto-lending activities
— Read on www.dailymail.co.uk/news/article-11419415/At-1-billion-client-funds-missing-failed-crypto-firm-FTX-sources.html
This story only seems to be developing.. it’s like the Enron of the modern era.
And here we thought only the Federal Reserve should be audited!! Ha
Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that could materialize in the coming weeks across the Mid-Atlantic and Northeast regions.
Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and backed by $72 million in venture capital funding.
She’s acutely aware of the desperation in those outreaches, which have intensified in recent weeks amid an ongoing nationwide shortage of infant formula. A message at the top of the company’s website says, “We’re temporarily at capacity for new customers.” Other manufacturers say they’re producing at full capacity and making as much formula as they can. But demand is heavily outstripping supply.
The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note.
The Federal Reserve on Wednesday signaled it will likely start culling assets from its $9 trillion balance sheet at its meeting in early May and will do so at nearly twice the pace it did in its previous “quantitative tightening” exercise as it confronts inflation running at a four-decade high.
“If you’re on this call, you are part of the unlucky group that is being laid off,” Garg said on the call, a recording of which was viewed by CNN Business. “Your employment here is terminated effective immediately.” He then said employees could expect an email from HR detailing benefits and severance.
