Posted in home improvement loans

Why 45% of NYC Public School Students Stayed Home in Protest

The sign could have been an artifact from a 1960s civil rights protest: Which side are you on? Segregation or Integration??

Instead, that sign was on display last Friday in New York City at a student-led demonstration calling for a more inclusive admissions process at one of the city’s most selective public high schools, Hunter College High School, where about 10% of students are Black and Latino.

Inequality in the U.S. education system is among the countless enduring racial disparities that have been magnified by the coronavirus pandemic and highlighted by the national conversation about race sparked by the death of George Floyd. As more than 1 million New York City public-school students start class remotely on Monday, amid ongoing debate about whether and when the nation’s largest school district will be prepared to open at full capacity, recent polling shows Black and Latino parents are less likely than

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Posted in home repair

Home-Flipper Opendoor Going Public in Social Capital Merger

(Bloomberg) — Opendoor is going public through a merger with Social Capital Hedosophia Holdings Corp. II in a deal that gives the property technology startup an enterprise value of $4.8 billion.

The deal will provide as much as $1 billion in cash, including up to $414 million held by Social Capital II, the blank-check company led by Chairman Chamath Palihapitiya, according to a statement on Tuesday that confirmed earlier reporting from Bloomberg.

Social Capital’s shares surged as much as 22% to $15.98 in New York.

SPAC Popularity

Opendoor is the latest startup to go public through a special purpose acquisition company, or SPAC. The investment vehicles have gained popularity this year, offering a faster route for companies seeking to go public without the scrutiny or risks of an initial public offering.

Read more: From Bill Ackman to Billy Beane, Meet the New SPAC Barons

The deal marks the latest milestone

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Posted in home

Home Buyer Opendoor Is Going Public In $4.8 Billion Merger

Opendoor, an online platform that lets homeowners quickly sell their houses, announced on Tuesday that it will go public through a merger with Social Capital Hedosophia Holdings II, a shell company helmed by Chamath Palihapitiya, a venture capitalist and early Facebook executive.

The deal values Opendoor at an enterprise value of $4.8 billion, and will generate up to $1 billion in cash proceeds, the company says. Palihapitiya himself is putting $100 million into the business.

“We founded Opendoor to make it simple and instant to buy and sell a home,” Opendoor’s founder and CEO, Eric Wu, said in a statement. “This is one of many milestones towards our mission.”

Founded in 2014, Opendoor is the dominant player in the “iBuying” space, a term for start-ups that let homeowners rapidly

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