Alaska Airlines cancels 7% of Monday flights after IT outage prompted ground stop
Alaska said it has canceled 64 flights Monday and more than 150 in total since Sunday evening after it halted all flights for about three hours over the IT issue before resuming operations around 11 p.m. PDT.
"Additional flight disruptions are likely as we reposition aircraft and crews throughout our network," Alaska said in a statement. "The IT outage is not related to any other current events, and it's not a cybersecurity event."
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Daily Mail
8 minutes ago
- Daily Mail
How nine families in Silicon Valley have total wealth of $638B
Silicon Valley is the epicenter of America's tech hub, attracting many of the world's richest individuals and generating an estimated wealth of $638 billion. But now it has emerged that the eye-watering sum is shared between just nine families. And a new study conducted by San Jose State University concluded that the city's wealthiest households are only gaining wealth. Their collective net worth was up by a staggering $136 billion from 2024, according to the recent data. The annual report, titled the Silicon Valley Pain Index,is designed to measure 'personal and community distress' through data tracking structural inequalities in the region. Silicon Valley refers to the southern part of the San Francisco Bay Area, including Santa Clara, San Mateo, the western edge of Alameda, and Scotts Valley in Santa Cruz. It represents a high concentration of wealth and can be an increasingly difficult place for working and middle-class families to make ends meet. Meta boss Mark Zuckerberg is among the ritzy residents, accounting for $253.5 billion of the area's wealth. Zuckerberg's net worth is more than 20 times the wealth of the bottom 446,505 households in the area. The Meta CEO purchased a five-house compound in the area, estimated to be worth a whopping $37million. He bought a $7 million mansion in 2011 before buying the neighboring residences to create the compound. The report also estimates that the region has $1.01 trillion of liquid wealth. Three companies based in Silicon Valley - Adobe, Alphabet (Google), and Meta comprise a combined net worth of $535 billion. Even outside of the nine wealthiest families, the annual income needed to afford just a median-priced house is $370,000, up 54 percent in the last six years, according to the report. The report also found that renters need to have an average annual income of $136,532 to afford an apartment at 30 percent of their take-home pay, representing the highest rents in the country. In San Mateo County, a household annual income of $156,650 for a family of four is considered 'low, ' compared to the state average of $94,500. Nearly 71 percent of homes sold in the area were priced around 1.92 million and were considered the 'median home price.' The median home price in Santa Clara alone was 2.171 million in May, which is a 3.4 percent increase from last year. The study doesn't explicitly state the nine families contributing to the mass concentration of wealth in addition to Zuckerberg, but listed Google's former CEO, Larry Page, as the second richest billionaire in the area. Sergey Brin , who co-founded Google with Page and served as the president of Alphabet, is the third-wealthiest billionaire in the region. Jensen Huang, the CEO of Nvidia, an artificial intelligence company, comes in fourth. Page and Zuckerberg live in Palo Alto, while Brin and Huang have properties in Los Altos Hills. Former Google CEO Eric Schmidt is listed as the fifth-wealthiest billionaire in the region, with Dustin Moskovitz of Facebook as the sixth. Financier George Roberts was listed seventh, while Laurence Powell Jobs of Apple came in eighth. Venture capitalist John Doerr came in ninth, and Charles Schwab of Charles Schwab brokerage ranked tenth. Silicon Valley is home to major enterprises including Apple, Alphabet, Chevron, Meta, Visa, and Wells Fargo. The companies employ a significant portion of residents in the region, leading to the high concentration of wealth from executives and engineers reporting high incomes. The success of these companies has solidified Silicon Valley as a wealthy enclave and the tech capital of the world, but the region has a long history of advancement. The silicon chip, which is used in computerized machinery, was invented in the region, and electronics reporter Dan Hoefler coined the name 'Silicon Valley' in 1971. Since then, the area has grown wealthier and wealthier, and is now home to the world's richest billionaires.
Times
36 minutes ago
- Times
Gods of Silicon Valley haven't done their history homework
If you were in any doubt quite how much planet-destroying energy is required to fuel AI, Mark Zuckerberg announced last week that Meta was building a couple of multi-gigawatt data centres. One, being built in Louisiana, is going to be nearly the size of Manhattan and will draw on 5 gigawatts (GW) of energy; the other in Ohio, due to be operational next year, will be at least 1GW. To put that in context, on a quiet day, the entire UK can run on as little as 15GW. But it was not so much the scale of these data centres fuelling 'superintelligence' that caught my eye, but what Zuckerberg had chosen to call them. The first to come on stream is Prometheus. The sound you hear is Mary Beard and other classical scholars rolling their eyes. Zuckerberg has named it after the titan in Greek mythology who stole fire from the gods to give to humanity, a heroic act that Meta's founder believes has powerful echoes for his own selfless giving to all of us the 'poke' on Facebook. But has he forgotten the second part of the tale? Prometheus was punished for this terrible deed by being tied to a rock and having his liver pecked out by an eagle — for eternity. The second data centre, the one the size of a city, is named after another titan: Hyperion. While he may not have come to such a sticky end, he did have sex with his sister in order to birth the sun, moon and dawn, a relationship possibly more problematic than that of the kiss cam couple caught at the Coldplay concert. Earlier this week my colleague James Marriott wrote about the utter weirdness of the past. It was, as usual, a wonderful column, but he accused Silicon Valley billionaires of being consumed with the present and suffering from 'historical incuriosity' in their belief they have discovered the solutions to humanity's eternal questions. I'm not sure that's true. If anything, Zuck and his fellow tech bros are overly obsessed with classical history. Growing up, Zuckerberg moved high schools specifically so he could indulge his passion for Latin; his sister is a respected classics scholar. He adores the Roman Empire so much so that he and his wife, Priscilla, have named their three children Maxima, Aurelia (after Marcus Aurelius) and August, after Augustus Caesar. Last year he unveiled a rather alarming 7ft green statue of his wife, explaining he was bringing 'back the Roman tradition of designing sculptures of people you love'. His man-crush on Augustus, he has explained, is because 'basically, through a really harsh approach, he established 200 years of world peace'. I'm not sure the Britons, Gauls or Germanic tribes would quite see it that way. As the Roman historian Tacitus said: 'They make a desert and call it peace.' Many pockets of the business world, but Silicon Valley in particular, revel in Roman and Greek history, showing their fondness for all things classical by giving their hedge funds or data centres grandiloquent names, an attempt to burnish their sometimes flaky ventures with a veneer of respectability. Nomura, the Japanese investment bank, back in 2021 launched Cassandra, 'an early warning model for financial crises', perhaps failing to realise that the fate of Cassandra was that she was never to be believed. In 2023, a defence company started in California developing 'solar powered birds', lightweight autonomous aircraft designed to fly up in the stratosphere. It has called itself Icarus. What?! Does it not know its namesake flew too close to the sun and plunged to a terrible, watery death? I have a theory — a sketchy one, admittedly — that the more desperately classical a business name is, the more likely it is to get into trouble. Nike and Oracle are clear exceptions to this rule, but it certainly holds true for Hermes, the parcel delivery company named after the messenger to the gods. It had such a terrible reputation for tardiness and losing customers' packages that it was compelled to rename itself Evri. Arcadia, Philip Green's clothing empire, ended up being not a rural idyll but a chain of empty urban shops. Any venture named after the titans is risky; not just, obviously, Titanic but also Titan, the ill-fated mini submarine that imploded in 2023. Clarium was the investment vehicle set up by Peter Thiel, the billionaire co-founder of PayPal and early investor in Facebook, who delights so much in playing a Marvel super-villain he has signed up to have his body cryogenically frozen after he dies. Clarium derives from the Latin for 'clear' or 'famous', but the only thing famous about Clarium was that it lost 90 per cent of its value. Since then, Thiel's ventures have referenced The Lord of the Rings, notably Palantir, named after Tolkien's all-seeing stones. When you are selling your highly secretive surveillance technology to government agencies around the world, I'm not sure it's wise to name it after a device which — when it fell into the hands of Sauron — became a tool of control and manipulation. This casual approach to nomenclature, however, is typical of a generation of business leaders who have read the classics widely but shallowly, who believe history and literature can be crunched down to a post on LinkedIn or, in Zuckerberg's case, a T-shirt slogan. He has been spotted wearing one saying 'Carthago delenda est' — Carthage must be destroyed. Perhaps he needs to spend more time with his sister, who can point him to Oedipus Rex, where a caution is given to any man hubristic enough to defy the gods: a 'rough doom' will tear him down, repaying 'his pride, breakneck, ruinous pride!'
Daily Mail
an hour ago
- Daily Mail
NFL hit with Super Bowl scandal: Around 100 players facing bans
At least 100 NFL players, as well as coaches and staff from around half of the 32 teams, have been accused of violating league rules by selling their Super Bowl tickets for above face value. That is according to a report Friday, which said an NFL investigation found that some employees and players flogged their tickets to a 'small number of "bundlers"' who were working with a reseller to sell them for inflated fees. All NFL players are allowed to buy two tickets at face value. This year, when the Philadelphia Eagles beat the Kansas in New Orleans, prices reportedly ranged from $950 to $7,500. On resale sites, however, some tickets were going for close to $57,000. The average price of a Super Bowl ticket in the final weeks leading up to the game was $8,076, according to CBS. ESPN claims the players face a possible fine and could be suspended if they refuse to pay. They will also lose the right to their allotted tickets to the next two Super Bowls, unless they are playing in the game, in which case they will have the opportunity to buy seats. No specific players, coaches, or teams who violated the policy were named, but some people have already shelled out to avoid missing playing time, according to ESPN. Players violating the agreement between the league and the NFL Players Association around the resale of Super Bowl tickets are reportedly subject to penalties including fines of one-and-a-half times the face value of the tickets. Other team employees who violated the policy will reportedly be fined two times the face value of the tickets. According to reports, those players and employees who had a 'greater role' — by working directly with the 'bundlers,' for instance — 'will face increased penalties.' 'Our initial investigation has determined that a number of NFL players and coaches, employed by several NFL Clubs, sold Super Bowl tickets for more than the ticket's face value in violation of the policy,' read a memo, sent to teams by the NFL — and cited by ESPN. 'This long-standing League Policy, which is specifically incorporated into the Collective Bargaining Agreement, prohibits League or Club employees, including players, from selling NFL game tickets acquired from their employer for more than the ticket's face value or for an amount greater than the employee originally paid for the ticket, whichever is less.' 'We are in the process of completing our investigation into this matter, but the investigation has revealed that club employees and players sold their tickets to a small number of "bundlers" who were working with a ticket reseller to sell the Super Bowl tickets above face value.' The NFL also insists it will be enhancing 'mandatory compliance training regarding the Policy' for all personnel, which will emphasize that 'no one should profit personally from their NFL affiliation at the expense of our fans.' 'We will also increase the penalties for future violations of this Policy,' the league memo adds. 'All clubs must ensure their personnel understand and comply with this policy. Additional details regarding the enhanced compliance measures will be provided in early fall.'
