The Daily Populous

Friday April 10th, 2020 evening edition

image for Fed should pay every American more, let hedge funds and billionaires ‘get wiped out,’ says Social Capital CEO

That’s what Chamath Palihapitiya, chief executive of venture-capital firm Social Capital LP, argued Thursday. “

Right now, rich CEOs are not, boards that have horrible governance are not.

Appearing Thursday on CNBC’s “Fast Money Halftime Report” Palihapitiya said the U.S. shouldn’t be bailing out billionaires and hedge funds when it’s the people on Main Street who are the ones actually getting hurt.

Palihapitiya’s argument, basically, is: Let those businesses fail, but without layoffs, and let the rich stakeholders absorb the pain.

“What we’ve done is disproportionately prop up poor-performing CEOs and boards, and you have to wash these people out,” he said.

The Fed on Thursday set up a new $2.3 trillion lending program to help prop up small and mid-sized businesses.

Later, Palihapitiya tweeted that Americans should also get their 2019 taxes refunded as a form of universal basic income. »

Government policies push schools to prioritize creating better test-takers over better people

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Government policies push schools to prioritize creating better test-takers over better people.

“The balanced development of both academic and soft skills is crucial, not only for well-rounded child development in schools, but also for career and life success.”.

The study, which analyzed the educational goals of principals at thousands of public, private and charter schools over two decades, found the shift in priorities is most pronounced in public schools. »

How Did the U.S. End Up with Nurses Wearing Garbage Bags?

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Ries also learned that the Web site he had been asked to create was, in fact, not needed.

Others were organizing sewing-machine brigades to make masks, or teams of graduate students to create designs for 3-D-printed ventilators.

The news agency found that not a single shipment of medical-grade N95 masks arrived at U.S. ports during the month of March. »