Elon's New Device Could Launch Biggest IPO of the Decade

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Congress is sending families less help for day care costs. So states are stepping in

MORIAH BALINGIT
May 14, 2024

ALBUQUERQUE, N.M. (AP) -- Across the country, the story for families is virtually the same: Child care is unaffordable for many, hard to find for those who can pay, and financially precarious for day care operators and their employees.

The Biden administration and Congress tried to alleviate some of these problems when the pandemic crippled the child care industry. But as the record $52.5 billion in relief winds down, many states have stepped in with their own solutions.

States have expanded free preschool and early education and helped more families pay for child care, making it low-cost or even free for many. Recognizing that a federal solution is unlikely to materialize anytime soon, policymakers have come up with novel ways to pay for their plans, creating permanent funding sources that will make new programs sustainable.

New Mexico, for instance, has tapped into its petroleum revenue, Washington state put a new tax on investment profits, and Kentucky is incentivizing parents to become child care workers.

And while the largest investments in child care have come from Democrats, Republican state lawmakers across the country are embracing plans to support child care -- citing the importance to the economy.

NEW MEXICO FUNDING MAKES CAREERS POSSIBLE

After she gave birth, Marisshia Sigala put on hold plans to start her real estate career. She and her husband -- a personal trainer -- lived on one paycheck for about two years and realized the cost of child care would be out of reach even if both were working.

Then, in 2022, New Mexico made child care free for nearly all the state's families, amending the constitution to fund early childhood initiatives with money from leasing state land to oil and gas companies.

The change will bring in an estimated $150 million a year for the early education of children like Mateo. Sigala and her husband qualify because they earn less than 400% of the federal poverty rate, currently about $120,000 a year for a family of four. Mateo is one of more than 21,000 children now benefitting from the subsidies.

Now Sigala, 32, is back at work while Mateo attends Koala Children's Academy, which specializes in bilingual education.

"Being entrepreneurs, it's a lot more challenging, and we have to rely on ourselves. We don't have a paycheck coming in every week," Sigala said. "It's been a blessing for us."

Expanding free child care for families is "making a difference for families in such a profound way," said Elizabeth Groginsky, New Mexico's early childhood education secretary. And, she said, it's helping the people who care for and educate young kids, too.

Groginsky and other state leaders are hoping the massive investment will help blunt the effects of poverty.

"It's just a really incredible opportunity we have here," she said.

PRESCHOOL FOR FAMILIES IN WASHINGTON

Washington state is aiming to offer free preschool to all low-income families, and child care vouchers to all low- and moderate-income families by the end of the decade, along with high-quality care for infants and toddlers with developmental concerns.

The state is expanding its programs with help from a new 7% tax on profits made from residents' financial investments -- a levy intended to fall on wealthier people.

When Zaneta Billyzone-Jatta's daughter Zakiah was born prematurely in 2021, her mother hired a nanny to watch the baby three days a week. A clinical manager for a hospital network, Billyzone-Jatta, 42, had to work while keeping an eye on her daughter the other two days. She felt like she couldn't give her toddler enough attention, much less address the girl's developmental concerns like a professional could.

Through a state program for low-income families and kids with challenges like Zakiah, she now sends her daughter to a child care center near her Seattle-area home, free of cost. There, three teachers supervise seven children in Zakiah's class and diligently document her progress. Occupational and speech therapists see Zakiah at the school and work closely with the teachers.

Billyzone-Jatta said Zakiah has made huge strides at the school. She talks about her days in detail and refers to classmates by name. She has learned to interact with other students, drink from an open cup and share.

"Being a working mother and being able to know that you're bringing your child to an environment where they're loved and cared for gives you so much peace," she said.

But the program helping infants and toddlers like Zakiah is still small, serving fewer than 200 kids statewide. And in November, Washington voters will have a chance to weigh in on the tax in a referendum that could lead to its repeal, endangering the progress the state has made, child care advocates say.

"It would be catastrophic," said Jon Gould, of Akin, the nonprofit that operates Zakiah's state-supported child care center.

IN KENTUCKY, KIDS OF CHILD CARE WORKERS ATTEND FREE

Rylee Monn, 24, was working at Baptist Health Child Development Center in Lexington when she had her second child, doubling what she paid for her children to attend the same center.

She thought about quitting and getting a night-shift job so she could stay home and care for her children during the day.

"All of my paycheck was going to child care," Monn said.

Then, in 2023, Kentucky started a program to cover or reduce the cost of day care for parents who work in the child care industry. The program was meant to tackle two challenges at once. Policymakers hoped it would draw more workers into the child care industry, addressing a shortage. And they wanted to provide more low-cost child care for all families.

Now, more than a dozen states are considering or have already adopted policies modeled after the one in Kentucky, according to EdSurge, a publication that focuses on education.

The program has helped the state's child care industry recruit workers who might otherwise be working in service jobs.

Delaney Griffin, 30, was working in a pizza restaurant last year and pondering her next move with her young family. Her child care costs consumed all but $100 of her biweekly check.

After learning about the child care benefit, she took a job in December with Baptist Health Child Development Center. She now pays about $5 a week. Her older child is in a preschool program.

"The free child care part was like the biggest reason that I actually got to start in child care," Griffin said.

___

This series on how the child care crisis affects working parents -- with a focus on solutions -- is produced by the Education Reporting Collaborative, a coalition of eight newsrooms, including AL.com, The Associated Press, The Christian Science Monitor, The Dallas Morning News, The Hechinger Report, Idaho Education News, The Post & Courier, and The Seattle Times.

___

The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

Continue Reading...

Popular

MP Materials Sets Stage For Heavy Rare Earth Breakthrough In 2026

MP Materials Corp. (NYSE: MP) rose on mixed quarterly results, with progress on domestic rare earth separation boosting long-term outlook.

IRS Direct File won't be available next year. Here's what that means for taxpayers

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

Anthony Scaramucci, the founder of SkyBridge Capital, described Zohran Mamdani’s victory in New York City's mayoral race as an “anger-based reaction” by the young people against the policies of the boomer generation's political elites.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

LOUISVILLE, Ky. (AP) — A large UPS cargo plane with three people aboard crashed Tuesday while taking off from an airport in Louisville, Kentucky, igniting an explosion and massive fire that left a thick plume of black smoke over the area.

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rules

WASHINGTON (AP) — Republicans and Democrats remained at a stalemate on the over the weekend as it headed into its sixth week, with for millions of Americans and President Donald Trump pushing GOP leaders to change Senate rules to end it.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Nation's largest fleet of police Cybertrucks to patrol Las Vegas

LAS VEGAS (AP) — The nation's largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November thanks to a donation from a U.S. tech billionaire, raising concerns about the blurring of lines between public and private interests.

Coeur Mining's $7 Billion Deal For New Gold Creates $20 Billion Powerhouse

Coeur Mining Inc. (CDE) announced acquisition of New Gold Inc. (NGD) in all-stock deal valued at $7 billion.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Why Is Phio Pharmaceuticals Stock Soaring Today?

Shares of Phio Pharmaceuticals Corp. (NASDAQ: PHIO) are rising Monday after the company provided an update on an ongoing medical trial.

Elon's Haters Are About to Lose Their Minds... - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Trump Nominates Jared Isaacman For NASA Administrator — Elon Musk Reacts

Elon Musk's ally Jared Isaacman nominated for NASA Administrator by President Donald Trump amid SpaceX's Artemis push.

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Elon Musk's SpaceX Shakes Up Bitcoin Market With $133 Million Transfer

SpaceX, the space exploration company led by Elon Musk, has reportedly transferred over $133 million in Bitcoin (CRYPTO: BTC), causing a stir in the cryptocurrency market.

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

EPAM Systems (EPAM) stock gained 4.41% after reporting strong third-quarter 2025 results, with sales of $1.394 billion.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

XRP Down 4%: Why $2.30 Is The Last Defense Before A Flush To $1.60

XRP (CRYPTO: XRP) is down 4% to $2.39 on Wednesday as traders brace for a potential breakdown below $2.30 — the final support before a deeper retracement that could erase months of gains.

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Chipotle Vs. Wingstop: Analyst Flags Income, Diversity Gaps

Wingstop's less affluent customer base may face short-term pressure; whereas Chipotle has pricing flexibility.

3 Communication Stocks Making Big Moves On Value Metrics

Three communication service stocks posted sharp gains in Benzinga's value rankings this week, highlighting renewed investor interest in the sector. Here's what investors need to know.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Trump's immigration crackdown weighs heavy on the US labor market

Maria worked cleaning schools in Florida for $13 an hour. Every two weeks, she’d get a $900 paycheck from her employer, a contractor. Not much — but enough to cover rent in the house that she and her 11-year-old son share with five families, plus electricity, a cellphone and groceries.

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Texas Instruments Stock Is Tumbling Today: Here's Why

Texas Instruments shares are trading lower on Wednesday after the company issued fourth-quarter earnings and revenue guidance below analyst estimates.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service