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Fortune

Christiaan Hetzner

SPAC king Chamath Palihapitiya: end of ZIRP era spells doom for unprofitable startups

Chamath Palihapitiya SPAC Interest Rates Virgin Galactic

Billionaire venture capitalist Chamath Palihapitiya is known as the SPAC king. (Credit: David Paul Morris—Bloomberg via Getty Images)

Tech startups hopelessly addicted to Silicon Valley’s drug of choice face a reckoning now that they’ve been forced to quit cold turkey.

The end of the Federal Reserve’s zero-interest rate policy, or ZIRP, represents a “generation-defining economic regime change” for a sector hooked on cheap, plentiful money, according to billionaire venture capitalist Chamath Palihapitiya.

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Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

Okaloosa County ordered Zones A and B to evacuate as Hurricane Isaias nears. Shelter sites, special needs registration, and surge risks are explained.

Florida Drops Moral Exemption From Vaccine Rule but Still Plans to End Four School and Child Care Requirements

Florida Drops Moral Exemption From Vaccine Rule but Still Plans to End Four School and Child Care Requirements

Florida removed a proposed moral vaccine exemption but still plans to end four school shot rules. What parents should know after Thursday's hearing.

Missouri Deputy Struck Persephone Berger, 16, as Family Accuses Police of Misleading Them About Hit-And-Run

Missouri Deputy Struck Persephone Berger, 16, as Family Accuses Police of Misleading Them About Hit-And-Run

Persephone Berger, 16, died after a Missouri deputy struck her on a roadway. Her family says they were initially told it was a hit-and-run.

International Business Times UK

How to watch NASCAR at Charlotte II: Weekend schedule, start time, entry list, TV

How to watch NASCAR at Charlotte II: Weekend schedule, start time, entry list, TV

NASCAR is racing at the Charlotte Motor Speedway oval this weekend, but inclement weather from an approaching hurricane may impact on-track activity

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Democratic senator says Hegseth trying to hide costs of Iran war from US public

Democratic senator says Hegseth trying to hide costs of Iran war from US public

Chris Murphy says Pentagon blocked him from military base in Qatar and Iran strike on US embassy in Riyadh far worse than public led to believe

The Guardian - US

FBI released a 2-minute video featuring El-Sayed and a Michael Jackson beat. Then it’s deleted after experts claim it allegedly violates Hatch Act

FBI released a 2-minute video featuring El-Sayed and a Michael Jackson beat. Then it’s deleted after experts claim it allegedly violates Hatch Act

A formal complaint has been filed at the Office of Special Counsel.

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Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

Okaloosa Mandatory Evacuation Covers Zones A and B as Hurricane Isaias Threatens 5- to 7-Foot Storm Surge

Okaloosa County ordered Zones A and B to evacuate as Hurricane Isaias nears. Shelter sites, special needs registration, and surge risks are explained.

Florida Drops Moral Exemption From Vaccine Rule but Still Plans to End Four School and Child Care Requirements

Florida Drops Moral Exemption From Vaccine Rule but Still Plans to End Four School and Child Care Requirements

Florida removed a proposed moral vaccine exemption but still plans to end four school shot rules. What parents should know after Thursday's hearing.

Missouri Deputy Struck Persephone Berger, 16, as Family Accuses Police of Misleading Them About Hit-And-Run

Missouri Deputy Struck Persephone Berger, 16, as Family Accuses Police of Misleading Them About Hit-And-Run

Persephone Berger, 16, died after a Missouri deputy struck her on a roadway. Her family says they were initially told it was a hit-and-run.

International Business Times UK

How to watch NASCAR at Charlotte II: Weekend schedule, start time, entry list, TV

How to watch NASCAR at Charlotte II: Weekend schedule, start time, entry list, TV

NASCAR is racing at the Charlotte Motor Speedway oval this weekend, but inclement weather from an approaching hurricane may impact on-track activity

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Democratic senator says Hegseth trying to hide costs of Iran war from US public

Democratic senator says Hegseth trying to hide costs of Iran war from US public

Chris Murphy says Pentagon blocked him from military base in Qatar and Iran strike on US embassy in Riyadh far worse than public led to believe

The Guardian - US

FBI released a 2-minute video featuring El-Sayed and a Michael Jackson beat. Then it’s deleted after experts claim it allegedly violates Hatch Act

FBI released a 2-minute video featuring El-Sayed and a Michael Jackson beat. Then it’s deleted after experts claim it allegedly violates Hatch Act

A formal complaint has been filed at the Office of Special Counsel.

We Got This Covered

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Woman finds a white purse at a thrift store. Then she unzips a small pocket and realizes it isn’t empty: ‘This is crazy’

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Pop Star Britney Spears Reportedly Branded 'Clueless' by Critics Over Recent Dollywood Ride Video

Britney Spears shared footage from a family visit to Dollywood, praising the Tennessee attraction, while some online viewers criticised the language heard during a spinning-ride video.

International Business Times UK

What Happened to Travis Barker? Musician Shares Hospital Photos as Kourtney Kardashian Stays by His Side

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She showed everything that came with it.

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'I didn't know this place existed': Britney Spears enjoys family day at Dollywood

Britney Spears enjoyed a visit to Dollywood with her two sons - but admitted she hadn't been aware the theme park "existed" before their trip.

How Jim Bakker became the Johnny Carson of Christian TV

When I was researching my 2017 book, “PTL: The Rise and Fall of Jim and Tammy Faye Bakker’s Evangelical Empire,” I interviewed dozens of former staffers and supporters of PTL, the ministry, television and theme park empire that the Bakkers built starting in the 1970s.

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