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Sarah Lungwitz has fretted over feeding not just her two teenage daughters with SNAP payments disrupted, but her family’s cat and two dogs. Help has arrived for now, she says, after an Illinois nonprofit arranged for volunteers to give her a grocery gift card last week to buy food for herself and her pets. It’s … Read more
On October 15, two Wall Street titans offered radically different visions of the private credit market. JPMorgan Chase CEO Jamie Dimon warned investors that recent bankruptcies in private credit could be just the beginning: “When you see one cockroach, there are probably more.” Hours later, BlackRock CEO Larry Fink struck a defiant tone on his … Read more
John Borthwick, CEO of the venture capital firm Betaworks, tells WIRED that he is skeptical about the feasibility and potential effectiveness of many Mamdani campaign proposals—like free buses, or a city-owned grocery store pilot program—and felt his answers tended to be “very general and nonspecific.” But Borthwick adds that he found Mamdani “very compelling and … Read more
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