From: Forbes | Money & Politics - Friday Apr 02, 2021 01:32 pm
Forbes Money & Politics Newsletter

Kamala Harris has bid adieu to San Francisco, and turned a nice profit in the process. The vice president recently sold her 1,000-square-foot condo in northern California for $860,000, nearly three times what she paid for the property in 1998, and $60,000 more than the asking price. The sale winnows Harris’ residences down to three: A $1.8 million townhouse in Washington D.C., a 3,500-square-foot home in Los Angeles, and the historic Blair House, where she is living while the official vice presidential residence is undergoing renovations.

Dan Alexander

Dan Alexander

Senior Editor, Money & Politics

Deniz Çam

Deniz Çam

Reporter, Wealth

Christian Kreznar

Christian Kreznar

Assistant Editor

Kamala Harris Sold San Francisco Condo For $860,000, Well Above Her Asking Price
Kamala Harris Sold San Francisco Condo For $860,000, Well Above Her Asking Price

The vice president purchased the apartment in 1998 for just $299,000.

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Following The Money

On Wednesday, President Biden unveiled his $2 trillion American Jobs Plan, a massive stimulus package intended to repair infrastructure and boost domestic manufacturing. The plan could have a massive impact on the economy, if it doesn’t die on Capitol Hill..  Senate Minority Leader Mitch McConnell has signalled Republican opposition, and House Speaker Nancy Pelosi will need to wrangle errant Democrats to pass the bill by early July.

In Georgia,
Delta, Home Depot and Coca-Cola have joined in opposition to a new voter law proposed by state Republicans. The legislators haven’t taken kindly to the move. On Wednesday, Republicans in Georgia’s house of representatives retaliated by voting to strip Delta of tens of millions in tax breaks.

Facebook knows it has a serious misinformation problem, but solving it will be complicated. Following last week’s Congressional hearings on misinformation on social media, Facebook rolled out a set of new features that will give users and moderators more control over posts and their news feeds. The company has also outsourced user expulsions to a 20 member external oversight board.

Workers at Amazon’s distribution center in
Bessemer, Alabama voted on whether to unionize earlier this week. The tally is still being counted, but the efforts in Bessemer have already highlighted frustration among Amazon’s employees over the company’s surveillance and exacting productivity standards.

Cashing In On Contracts

On March 16, the U.S. government tapped Endeavor, a San Antonio-based nonprofit, to oversee “family reception sites.” The Department of Homeland Security paid Endeavor $86.9 million in March to accommodate 1,200 migrants at hotels in Texas and Arizona as part of a 6-and-a-half-month-long contract. In a letter to U.S. Immigration and Customs Enforcement (ICE) on Tuesday, Tennessee Senator Marsha Blackburn asked for an unredacted version of the contract as well as more information on the protocols at these facilities.


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