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Laptop Computers

God, Money, YOLO: How Cathie Wood Found Her Flock

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The first of four children of Irish immigrants, Ms. Wood spent much of her childhood on the move — her father was a radar technician for the Air Force — before the family settled in Culver City, Calif. She graduated from an all-girls Catholic school in 1974, and then attended the University of Southern California, majoring in business administration.

There she found a mentor in Arthur Laffer, one of the patron saints of supply-side economics, after she petitioned to be admitted to one of his graduate courses.

“That took a lot of chutzpah,” Mr. Laffer, 81, said.

He found Ms. Wood to be an impressive student, unwilling, he said, to abandon any topic until she understood it completely.

“I’ve never seen anyone so thorough, so careful and so research-oriented in my life, which makes her quite self-confident,” he said.

Ms. Wood’s work ethic and voracious consumption of information are recurring themes among former co-workers. She often woke well before dawn to get one of the first trains to Grand Central Terminal each day, treating the nearly two-hour journey from Connecticut as a sort of perpetual cram session on rails.

In the days before smartphones, tablets and laptop computers, colleagues remembered her lugging bags laden with research reports into and out of the office each day.

Sig Segalas co-founded Jennison Associates, a New York money management shop where Ms. Wood worked from the early 1980s until 1998, first as an economist and then as an analyst and a fund manager. For many of those years, his office was next to hers, and he remembers her as typically one of the last people to leave the office each day.

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Filed Under: BUSINESS Tagged With: Business, California, Children, Connecticut, Economics, Family, Information, Laptop Computers, Money, New York, Research, Smartphones, York

Low-income households can now apply for a $50 monthly discount for internet.

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Millions of low-income Americans became eligible on Wednesday for an emergency discount on high-speed internet service and devices to get online, an effort aimed at providing relief to families that have struggled during the pandemic as school, work and health care have moved online.

The Federal Communications Commission’s subsidy program, the Emergency Broadband Benefit, can be used for $50 monthly discounts for individuals on SNAP or Medicaid, recipients of Pell grants, and families with children on free and reduced-price lunch plans. Low-income households on tribal lands can apply for $75 in monthly broadband subsidies. The program also allows for a one-time $100 subsidy for a laptop or tablet.

The F.C.C. said 825 broadband providers have agreed to offer the discounts.

The program, which Congress approved $3.2 billion for late last year, is one of several efforts to bring broadband internet to all American homes. The F.C.C. earlier this week also approved a $7.2 billion program to give students high-speed internet access through schools and libraries. President Biden has promised to make broadband affordable and available for all and has proposed a $100 billion effort to connect every rural and low-income home to high-speed internet service.

The Emergency Broadband Benefit program comes late in the pandemic, with schools and workplaces beginning to open again. The delay was largely because of wrangling over details of the subsidies in Congress and at the F.C.C. during the Trump administration. And it’s unclear what will happen once the one-time emergency benefit fund runs out.

The program will end either when the $3.2 billion fund is depleted or six months after the Department of Health and Human Services declares an end to the pandemic.

“High-speed internet service is vital for families to take advantage of today’s health, education, and workplace opportunities,” Jessica Rosenworcel, the acting chair of the F.C.C., said in a statement. “And the discount for laptops and desktop computers will continue to have positive impact even after this temporary discount program wraps up.”

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Filed Under: BUSINESS Tagged With: Broadband, Children, Computers and the Internet, Desktop Computers, Education, Federal Communications Commission, Health, Health Care, Homes, Internet, Laptop Computers, Medicaid, Rural Areas, Schools, Trump administration

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