Mark Zuckerberg defends Facebook's currency plans before Congress
House Financial Services Committee's immediate focus was Facebook's plans for the currency, to be called Libra. Zuckerberg took pains to reassure lawmakers that his company won't move forward with Libra without explicit approval from all U.S. financial regulators.
House Financial Services Committee's immediate focus was Facebook's plans for the currency, to be called Libra. Zuckerberg took pains to reassure lawmakers that his company won't move forward with Libra without explicit approval from all U.S. financial regulators.
Zuckerberg testifies before Congress Wednesday
Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators.
Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company's new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators.
Berkeley man dies after 400-foot fall from one of California's highest mountains
A 23-year-old Berkeley man died last weekend while hiking on Mount Sill in Inyo County, according to the county sheriff's office.
A 23-year-old Berkeley man died last weekend while hiking on Mount Sill in Inyo County, according to the county sheriff's office.
After 3 years, San Francisco police complete 11% of 272 reforms
Much of the delay, Chief Bill Scott said, was because of the Trump administration's withdrawal from the process. Under President Donald Trump, who was elected just after the Justice Department issued its recommendations, the administration no longer aids police departments seeking reforms.
Much of the delay, Chief Bill Scott said, was because of the Trump administration's withdrawal from the process. Under President Donald Trump, who was elected just after the Justice Department issued its recommendations, the administration no longer aids police departments seeking reforms.
Bracing for another round of PG&E outages; decision expected Wednesday
With planned power outages remaining a distinct possibility in Northern California, this week, the City of Santa Rosa is planning for blackouts to begin late afternoon Wednesday.
With planned power outages remaining a distinct possibility in Northern California, this week, the City of Santa Rosa is planning for blackouts to begin late afternoon Wednesday.
Facebook pledges $1 billion toward affordable housing in California
Facebook built a multi-billion dollar business on the back of social networking. Now the Menlo Park tech giant is lending its financial broad shoulders to helping solve the California housing crisis. “It’s a continuum. It’s not new. It’s scaling what we’ve done in the past, where we saw benefits from our interventions,” said Menka Sethi, Facebook’s Location Strategy Director. She says the company began its foray into housing in 2016 to explore possible pitfalls. Now, Facebook is pledging $1 billion to construct 20,000 units of housing state-wide over the next decade. The tech giant says $250 million is designated for mixed-income housing on excess state land and $150 million for affordable housing. Another $225 million, this time in Menlo Park land, earmarked for affordable housing. And $25 million to build teacher and essential worker housing in San Mateo and Santa Clara Counties “If this is gonna be an effective deployment of capitol, it’s important this be true philanthropy and real money on the ground assistance and not another investment scheme,” said Prof. Kelly Snider, a regional and urban planning expert at San Jose State University. Housing and urban planning experts say over this decade, the Bay Area has created only one new unit of housing for every 10 new jobs. The result has pushed the price of housing skyward and forced many middle-class families to leave. Advocates say Facebook and other tech giants such as Google can make a dent in the problem with large donations, coupled with partnerships with community members to address the housing shortage. “This is critical. It means a range of income level people can stay in our communities.,” said Duane Bay, Executive Director of EPACANDO, an affordable housing organization. Added Sethi, “The urgency to step up now and solve the big problems, it felt real and we felt we could help, and so here we are.” There is $350 million being held in reserve for future commitments. The question now: How fast can the multiple municipalities act?
Facebook built a multi-billion dollar business on the back of social networking. Now the Menlo Park tech giant is lending its financial broad shoulders to helping solve the California housing crisis. “It’s a continuum. It’s not new. It’s scaling what we’ve done in the past, where we saw benefits from our interventions,” said Menka Sethi, Facebook’s Location Strategy Director. She says the company began its foray into housing in 2016 to explore possible pitfalls. Now, Facebook is pledging $1 billion to construct 20,000 units of housing state-wide over the next decade. The tech giant says $250 million is designated for mixed-income housing on excess state land and $150 million for affordable housing. Another $225 million, this time in Menlo Park land, earmarked for affordable housing. And $25 million to build teacher and essential worker housing in San Mateo and Santa Clara Counties “If this is gonna be an effective deployment of capitol, it’s important this be true philanthropy and real money on the ground assistance and not another investment scheme,” said Prof. Kelly Snider, a regional and urban planning expert at San Jose State University. Housing and urban planning experts say over this decade, the Bay Area has created only one new unit of housing for every 10 new jobs. The result has pushed the price of housing skyward and forced many middle-class families to leave. Advocates say Facebook and other tech giants such as Google can make a dent in the problem with large donations, coupled with partnerships with community members to address the housing shortage. “This is critical. It means a range of income level people can stay in our communities.,” said Duane Bay, Executive Director of EPACANDO, an affordable housing organization. Added Sethi, “The urgency to step up now and solve the big problems, it felt real and we felt we could help, and so here we are.” There is $350 million being held in reserve for future commitments. The question now: How fast can the multiple municipalities act?
47 attorneys general back antitrust probe into Facebook
Facebook's latest foes: nearly every U.S. state.
Facebook's latest foes: nearly every U.S. state.
3 Bay Area counties brace for potential planned PG&E outages due to extreme weather
3 Bay Area counties brace for more potential power outages as weather conditions will favor wildfires by mid-week.
3 Bay Area counties brace for more potential power outages as weather conditions will favor wildfires by mid-week.
Facebook announces plans to combat election 2020 misinformation
Facebook's CEO announced new security measures aimed at combating misinformation on the social media platform ahead of the 2020 election.
Facebook's CEO announced new security measures aimed at combating misinformation on the social media platform ahead of the 2020 election.
California wildfire victims say PG&E compensation filing deadline was under promoted
California wildfire victims had to meat a Monday deadline if they want to be considered for compensation from PG&E
California wildfire victims had to meat a Monday deadline if they want to be considered for compensation from PG&E
Smaller PG&E shutoff could be in store
That announcement is something people likely don?t want to hear, but this time PG& says the shut off would be significantly smaller and would impact 17 California counties, including Marin, Napa, Solano and Sonoma counties.
That announcement is something people likely don?t want to hear, but this time PG& says the shut off would be significantly smaller and would impact 17 California counties, including Marin, Napa, Solano and Sonoma counties.
Wildfire Victim? Monday is the last day for filing a claim against PG&E
Claims in PG&E’s Chapter 11 cases must be filed and received no later than October 21, 2019, at 5:00 p.m. (Pacific Time), known as the Bar Date. If any person or entity believes money is owed to them by PG&E from the period before PG&E filed for Chapter 11 on January 29, 2019, then they must file a Proof of Claim before the Bar Date.
Claims in PG&E’s Chapter 11 cases must be filed and received no later than October 21, 2019, at 5:00 p.m. (Pacific Time), known as the Bar Date. If any person or entity believes money is owed to them by PG&E from the period before PG&E filed for Chapter 11 on January 29, 2019, then they must file a Proof of Claim before the Bar Date.
Wildfire victims have until Monday to file claims against Pacific Gas and Electric Company
If those who are affected do not submit a Proof of Claim by this deadline, they may be barred from filing a claim against Pacific Gas and Electric Company and give up rights to any payment or other compensation.
If those who are affected do not submit a Proof of Claim by this deadline, they may be barred from filing a claim against Pacific Gas and Electric Company and give up rights to any payment or other compensation.
National Weather Service warns of more fire danger in the Bay Area this coming week
There are light-to-moderate northeast winds with poor humidity forecasted on Monday and Tuesday followed by moderate-to-strong winds on Wednesday and Thursday.
There are light-to-moderate northeast winds with poor humidity forecasted on Monday and Tuesday followed by moderate-to-strong winds on Wednesday and Thursday.
Former Oakland Council member injured by OPD during unjustified arrest
Riles was released from Santa Rita Jail late Thursday night after posting $20,000 bail, he said.
Riles was released from Santa Rita Jail late Thursday night after posting $20,000 bail, he said.
Sonoma County officials hold another evacuation drill
As KTVU reporter Sara Zendehnam explains, the exercise doesn't just prepare residents for wildfires, but for any disaster.
As KTVU reporter Sara Zendehnam explains, the exercise doesn't just prepare residents for wildfires, but for any disaster.
CHP officer injured by speeding SUV while directing traffic
Twenty-one-year-old Lucas Julian Nelson was arrested for investigation of driving under the influence with great bodily injury. He is being held on $50,000 bail.
Twenty-one-year-old Lucas Julian Nelson was arrested for investigation of driving under the influence with great bodily injury. He is being held on $50,000 bail.
Oakland Fire Dept. extinguishes 2-alarm apartment fire near Jack London Square waterfront
Oakland Fire Department made short work of a 2-alarm condo-complex fire near the waterfront at Jack London Square Friday night. No one was injured.
Oakland Fire Department made short work of a 2-alarm condo-complex fire near the waterfront at Jack London Square Friday night. No one was injured.
SFPD offer $25K reward in unsolved cold case double homicide
San Francisco police are offering a $25,000 reward for help in solving a cold case homicide of a homeless woman and her friend from three years ago.
San Francisco police are offering a $25,000 reward for help in solving a cold case homicide of a homeless woman and her friend from three years ago.
At CPUC meeting, PG&E ignores their decades of neglect to electrical grid, blames climate change
PG&E spoke very little about decades of neglect, deferred maintenance and profiteering at the expense of ratepayers.
PG&E spoke very little about decades of neglect, deferred maintenance and profiteering at the expense of ratepayers.