“We need to hire a 22-22-22,” one new-media manager was overheard saying recently, meaning a 22-year-old willing to work 22-hour days for $22,000 a year. Perhaps the middle figure is an exaggeration, but its bookends certainly aren’t. According to a 2011 Pew report, the median net worth for householders under 35 dropped by 68 percent from 1984 to 2009, to $3,662. Lest you think that’s a mere side effect of the economic downturn, for those over 65, it rose 42 percent to $170,494 (largely because of an overall gain in property values). Hence 1.2 million more 25-to-34-year-olds lived with their parents in 2011 than did four years earlier.”—For 20-Somethings, Ambition at a Cost - NYTimes.com
“If Pinterest’s recent advertising test with “promoted pins” wasn’t a clear enough sign that it’s ready to generate some revenue, its latest hire surely is.
Sources have told AllThingsD that the social scrapbooking startup has hired digital-media veteran and current San Francisco Chronicle president Joanne Bradford as head of partnerships.
If that title sounds broad, that’s because Pinterest is still very much in the early stages of identifying the best ways for it to work with advertisers and media partners, and start bringing in revenue from its network.”—Pinterest hires Joanne Bradford as head of partnerships - Jason Del Rey - Media - AllThingsD
After North Carolina taxpayers learned that Republican Gov. Pat McCrory spent $19,000 in tax money to remodel his private office bathroom last summer because it had a “bad smell,” McCrory changed plans to spend another $230,000 in state funds to remodel six bathrooms in the governor’s mansion.
McCrory scaled back the remodel to the historic Executive Mansion in Raleigh last week, according to the Winston-Salem Journal, after a public backlash about the use of funds.
Democrats criticized his recently signed state budget, which provides tax cuts to the wealthy and eliminates the possibility of a raise for school teachers. Per-pupil spending in the state is among the lowers rates in the country.
The remodeling was to include more than $100,000 in new marble, fixtures, and tile for the master bath.
According to McCrory spokeswoman Kim Genardo that remodel will now “do only basic maintenance at minimal cost to get the bathrooms up to code, remove dangerous mold and fix broken faucets.”
A September memo to justify the remodel to the mansion bathrooms made no mention of testing to confirm the “dangerous mold.”
The administration has not said what requirement was met to make the bathrooms need to be brought “up to code.” The state’s plumbing code requires an inspection to determine a “hazard or unsafe condition” before a functioning bathroom must be replaced.
Last July, $19,000 was spent on the Capital office bathroom for new paint, tile and other repairs, citing poor maintenance by the former Democratic governor, Bev Perdue.
"We spent $19,156 to replace broken tiles, flooring and make extensive repairs to plumbing that were not fixed by the previous administration," Genardo said. "Additionally, a pungent odor seeped into the governor’s office, which made it an embarrassment to host company CEOs and guests at the State Capitol."