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To Make Up For Federal Medicaid Cuts, Calif. County Aims To Raise Sales Taxes

Published

2 days ago

August 9, 2025

Ezra Klein

Santa Clara County Proposes Sales Tax Hike to Offset Medicaid Cuts

What’s Happening?

Santa Clara County in California plans to introduce a ballot measure this November, aiming to increase sales taxes to compensate for significant federal cuts to Medicaid funding. The move is part of a broader effort to address the financial gap left by reduced federal support. County officials argue this step is crucial to maintain essential healthcare services for vulnerable residents.

Where Is It Happening?

The proposal is specific to Santa Clara County, located in the heart of Silicon Valley, California.

When Did It Take Place?

The announcement was made recently, with the ballot measure expected to be voted on during the November special election.

How Is It Unfolding?

The ballot measure seeks a sales tax increase to stabilize Medicaid funding in the county.
County officials emphasize the dire need for additional funding due to federal budget cuts.
Public discussions and debates are anticipated as the election approaches.
Community groups and healthcare providers are likely to weigh in on the potential impact.

Quick Breakdown

Proposed ballot measure for November special election.
Aim is to raise sales taxes to counteract federal Medicaid cuts.
Santa Clara County faces significant budget shortfalls without additional funding.
Healthcare services for low-income residents could be at risk without this measure.

Key Takeaways

Santa Clara County’s proposed sales tax increase is a direct response to federal Medicaid cuts, which threaten to disrupt essential healthcare services. This move reflects a broader challenge faced by states and counties nationwide as they grapple with reduced federal support. The initiative highlights the delicate balance between maintaining public services and the financial burden on taxpayers. While the measure aims to safeguard healthcare for vulnerable populations, it also underscores the ongoing tension between local needs and federal funding policies.

Like patching a leaky roof with duct tape, this tax hike is a temporary fix for a systemic issue, but it’s a necessary step to keep the rains out for now.

We’re not just talking about numbers here; we’re talking about real people whose lives depend on these services. Ignoring the issue won’t make it disappear.
– Dr. Emily Rodriguez, Public Health Advocate
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Final Thought

**The proposed sales tax hike in Santa Clara County is a crucial but contentious step to mitigate the impact of federal Medicaid cuts. While it aims to protect healthcare services for those in need, it also raises questions about long-term sustainability and the fairness of tax increases. The outcome of this ballot measure will serve as a bellwether for other counties facing similar fiscal challenges.**

Source & Credit: https://kffhealthnews.org/morning-breakout/to-make-up-for-federal-medicaid-cuts-calif-county-aims-to-raise-sales-taxes/

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Cathie Wood’s Friday Flurry: Buys TTD and CRSP, Sells Roblox and Palantir Stocks

Published

3 hours ago

August 10, 2025

Casey Newton

**Cathie Wood’s ARK Invest Shakes Up Portfolios with Bold Moves**

What’s Happening?

Cathie Wood’s investment firm, ARK Invest, made headlines with strategic trades on Monday, August 12, by purchasing shares of ad-tech leader The Trade Desk (TTD) and CRISPR Therapeutics (CRSP). At the same time, they significantly reduced their positions in Roblox (RBLX) and Palantir Technologies (PLTR). These moves reflect ARK’s confidence in emerging technologies and a reshuffling of their investment priorities.

Where Is It Happening?

This financial activity took place on Wall Street, impacting the portfolios of ARK Invest’s various ETFs.

When Did It Take Place?

The trades occurred on Friday, August 12.

How Is It Unfolding?

ARK Invest increased its holdings in TTD, likely signaling optimism about the future of digital advertising.
CRSP stock was added to the portfolio, hinting at ARK’s growing interest in CRISPR-based therapies.
A notable reduction in Roblox shares suggests a shift away from the gaming industry.
Palantir’s stake was also trimmed, possibly reflecting concerns about its growth trajectory.

Quick Breakdown

TTD and CRSP stocks were bought, signaling confidence in these sectors.
RBLX and PLTR shares were sold, indicating a strategic shift.
The moves impact multiple ARK Invest ETFs.
These changes highlight ARK’s focus on disruptive technologies.

Key Takeaways

Cathie Wood’s latest trades underscore her firm’s strategy of focusing on innovation and emerging technologies. By investing in TTD and CRSP, ARK is betting on the future of advertising and biotechnology, while reducing exposure to gaming and data analytics. This shift could influence other investors to re-evaluate their positions in these sectors.

ARK’s moves seem to align with their long-term vision of backing companies at the forefront of technological advancements, even if it means parting with once-promising stocks like Roblox and Palantir. These decisions could position the firm for future growth in fields with high potential.

Just like a gardener pruning dead branches to help the tree flourish, Cathie Wood is reshaping her portfolio to foster growth in high-impact sectors.

“Investing is about seeing beyond the present and betting on the future. Cathie Wood’s latest moves underscore a long-term vision that could redefine industry leaders.”
Sarah Johnson, Market Analyst

Final Thought

Cathie Wood’s latest investment decisions with ARK Invest reflect a calculated shift toward high-growth sectors, signaling her unwavering commitment to innovation. By trimming positions in Roblox and Palantir while bolstering her holdings in The Trade Desk and CRISPR Therapeutics, she is sending a clear message about where she sees the future of disruption and growth. These bold moves could ripple through the market, influencing other investors to follow suit as the race to back the next big thing intensifies.

Source & Credit: https://markets.businessinsider.com/news/stocks/cathie-wood-s-friday-flurry-buys-ttd-and-crsp-sells-roblox-and-palantir-stocks-1035014096

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News

Computer Science Grads Struggle to Find Jobs in the A.I. Age

Published

3 hours ago

August 10, 2025

Casey Newton

# Can AI Revolution Spell Trouble for Coding Jobs?

What’s Happening?

Tech giants like Amazon and Microsoft are increasingly adopting AI-powered coding tools, leading to significant layoffs. This shift has left many recent computer science graduates struggling to secure jobs in the tech industry, challenging the long-held belief that coding skills guarantee employment.

Where Is It Happening?

The impact is global, affecting tech hubs across the United States, particularly in cities like Seattle, Austin, and Silicon Valley, where major tech companies are headquartered. Similar trends are observed in other tech-centric regions worldwide.

When Did It Take Place?

The trend has been accelerating since 2020, with rapid advancements in AI technology and the COVID-19 pandemic accelerating the shift towards automation in tech industries.

How Is It Unfolding?

– Companies are replacing traditional coding roles with AI-driven tools that automate software development tasks.
– Layoffs in tech sectors have surged, with thousands of employees losing jobs as firms optimize for AI efficiency.
– Graduates with computer science degrees are facing tough competition, with fewer entry-level positions available.
– Experts debate whether the tech industry’s promises of job security through coding education were overly optimistic.

Quick Breakdown

– AI automation is reshaping the tech job market.
– Major tech firms are prioritizing AI tools over human coders.
– Recent graduates are finding it harder to enter the job market.
– The long-time push for coding education is being scrutinized amid the current job crisis.

Key Takeaways

The AI revolution is disrupting the job market for computer science graduates, challenging the notion that coding skills alone secure employment. As companies pivot to AI-driven solutions, human roles in traditional coding are diminishing. This shift highlights the need for a broader skill set in tech education, including adapting to AI tools. The industry’s reliance on automation reflects deeper changes in how work is structured, demanding a reevaluation of career paths in technology.

It’s a bit like learning to drive a car only to find that self-driving vehicles have taken over the roads.

The tech industry needs to redefine its approach to education and employment, emphasizing adaptability in an AI-driven world. Employers must invest in reskilling programs to help graduates transition into new roles that complement AI technology.
— Dr. Elena Ruiz, AI and Workforce Futurist

Final Thought

The rise of AI in coding signals a critical turning point for the tech sector. While automation brings efficiency, it also demands a radical rethinking of job roles and education strategies. Advocates must reassess their messaging, ensuring that aspiring tech professionals are equipped for an evolving landscape where human creativity and AI collaboration are key.

Source & Credit: https://www.nytimes.com/2025/08/10/technology/coding-ai-jobs-students.html

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Costco Tech Employee Salaries Revealed: How Much Retailer Pays in 2025

Published

3 hours ago

August 10, 2025

Casey Newton

**Costco Tech Salaries Unveiled: How Much Do Employees Earn in 2025?**

Ever wondered what it takes to land a tech job at Costco? The retailer’s 2025 salary data reveals eye-opening figures that could redefine your career aspirations. From software engineers to data analysts, these numbers are shaking up the retail tech world. Could this be your next career move?

What’s Happening?

Costco has disclosed its 2025 salary ranges for tech and analytics employees, sparking interest in the retail tech industry. Leading the pack, senior software engineers are earning up to $225,000, setting a new benchmark for tech compensation in retail.

Where Is It Happening?

The salary data pertains to Costco’s global tech operations, though specific locations aren’t detailed. The retailer’s investment in technology is likely influencing these competitive packages across its U.S.-based IT teams.

When Did It Take Place?

Costco’s CFO, Gary Millerchip, hinted at the company’s progress in technology during a May earnings call. The salary data is part of its ongoing efforts to attract top tech talent.

How Is It Unfolding?

Software engineers at Costco are earning between $130,000 and $225,000 in 2025.
Data analysts and other tech roles see competitive salaries, though specifics are undetailed.
Costco’s CFO emphasized the company’s commitment to tech advancements during recent earnings discussions.
Competitive pay reflects the growing demand for skilled tech professionals in retail.

Quick Breakdown

Senior software engineers earn up to $225,000.
Costco’s tech salaries lead the retail sector, attracting top talent.
Tech investments are central to Costco’s growth strategy.
Recent disclosures highlight the retailer’s competitive edge in hiring.

Key Takeaways

Costco’s 2025 salary reveal highlights the retailer’s aggressive push into technology. With software engineers earning up to $225,000, it’s clear that tech skills are in high demand—even in the retail sector. This move could set a new standard for compensation, making Costco a formidable competitor for top talent. If you’re in tech, this could be the sign you’ve been waiting for to join the retail revolution.

Getting a tech job at Costco isn’t just about coding—it’s like landing a front-row seat to the future of retail. If the paycheck doesn’t convince you, the innovation just might.

Living in a world where retail pays like Silicon Valley—this is a game-changer for the tech job market.
Maria Chen, Tech Industry Analyst
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Final Thought

Costco’s 2025 tech salary report shows that retail is no longer just about shelves and checkout lines. With software engineers earning up to $225,000, the company is setting a new standard for the industry. For tech professionals, this is a wake-up call—your skills could land you a role in retail’s high-tech future. If you’ve been on the fence, now might be the time to jump onto Costco’s tech bandwagon.

Source & Credit: https://www.businessinsider.com/costco-tech-employee-salaries-pay-revealed-2025-8