Metro Denver apartment rents are up in 2018, snapping three quarters of declines

For most of last year, apartment rents moved lower and vacancy rates rose as thousands of new apartments hit the market in metro Denver. But the streak, which ran three quarters, was snapped in the first three months of this year after average apartment rent in metro Denver rose 1.7 percent, or $24, from the fourth quarter to $1,420, and the vacancy rate fell to 6.1 percent from 6.4 percent, according to the Metro Denver Vacancy & Rent Report published by the Apartment Association of Metro Denver. The rent gains and tighter vacancy came despite the addition of 2,443 new apartments in the first three months of the year, which… Read More

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Uber rape accusers ask company’s board to free them from arbitration

By Peter Blumberg and Eric Newcomer, Bloomberg News Fourteen women who claim their Uber drivers sexually assaulted or harassed them wrote to the startup’s board Thursday to insist that their class-action lawsuit be allowed to go forward in open court. The women recount being assaulted, groped and raped by their drivers in the letter. One said her driver “pulled out his penis and masturbated during the ride,” while another recalled waking up in the back seat of the vehicle as the driver was “engaging in oral sex on me without my consent.” The plea sent directly to Uber Technologies’ 11-member board comes as the ride-hailing giant faces a deadline to… Read More

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Facebook didn’t read terms and conditions for app behind Cambridge Analytica

Facebook told British lawmakers on Thursday that it never read the terms and conditions for an app that ultimately allowed Cambridge Analytica to access 87 million users’ names, “likes” and other personal information. The admission from Mike Schroepfer, the chief technology officer for the social media giant, concerns a quiz app made by researcher Alexander Kogan, and his firm known as GSR, which collected data on users who authorized it, as well as scores of their friends. It then transferred that data to Cambridge Analytica, a political consultancy that later was hired by President Donald Trump, so that the firm could assemble psychographic profiles of voters. Schroepfer is representing Facebook… Read More

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Water war: California Water makes hostile bid for San Jose Water’s owner

SAN JOSE — The owner of California Water Service has made a hostile bid to buy the owner of San Jose Water, in an unexpected takeover attempt revealed Thursday that pits the South Bay’s two principal water companies against each other. San Jose-based California Water Service Group has made an unsolicited $1.9 billion offer to buy San Jose-based SJW Group. “We have repeatedly sought to discuss privately our superior proposal with SJW’s Board,” Martin Kropelnicki, California Water Service chief executive officer, said in a prepared release on Thursday. “SJW has refused to engage and just informed us last night that the SJW Board rejected it on April 13, 2018.” In… Read More

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The Ronny Jackson car crash

IN THE words of Herbert Stein, chairman of Richard Nixon’s Council of Economic Advisors, “If something cannot go on forever, it will stop.” The uncertainty over Ronny Jackson’s future could not go on forever. Nominated by Donald Trump to be Secretary of the Department of Veterans Affairs, he was due to appear before a Senate committee this week. But on April 23rd, allegations surfaced that Mr Jackson overprescribed drugs, drank on duty and was a nightmare to work with. The Senate Veterans Affairs Committee postponed his hearing. On the evening of April 25th those allegations grew more specific. The committee’s minority staff released a document based on “conversations with 23… Read More

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Tesla Autopilot chief departs, may be headed to Intel

The head of Tesla’s Autopilot has left the company less than a year after he was appointed head of the program, and as the technology is once again under federal scrutiny after a recent fatal accident. Former AMD chip architect Jim Keller is heading to a chipmaker, according to Tesla, which noted that Wednesday was Keller’s last day with the electric-vehicle maker. “Prior to joining Tesla, Jim’s core passion was microprocessor engineering and he’s now joining a company where he’ll be able to once again focus on this exclusively,” a Tesla spokeswoman told this news organization Thursday. A couple of publications report that Keller is joining Intel. Late last year,… Read More

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