People queue up prior to visit the Eiffel Tower, in Paris, Thursday, June 25, 2020. The Eiffel Tower reopens after the coronavirus pandemic led to the iconic Paris landmark's longest closure since World War II. (AP Photo/Thibault Camus)
By Masha Macpherson
Marking another milestone in France's recovery from coronavirus lockdown, the Eiffel Tower reopened to visitors Thursday after its longest-ever closure in peace time: 104 days.
Tourists who are trickling back to Paris were delighted to find the landmark open when some other attractions in the French capital remain closed. The Louvre Museum isn't reopening until July 6.
"It's very special, very special because it's only the Paris people," said Annelies Bouwhuis, a 43-year-old visitor from the Netherlands. "We've seen a lot Paris people enjoying their city, enjoying their parks without all the tourists."
A visitor looks at the view from the Eiffel Tower, in Paris, Thursday, June 25, 2020. The Eiffel Tower reopens after the coronavirus pandemic led to the iconic Paris landmark's longest closure since World War II. (AP Photo/Thibault Camus)
Lifts that usually whisk visitors up the 324-meter (1,063-foot) tall wrought-iron Eiffel Tower remain closed, so for now people have to take the stairs.
Of the tower's three decks, only the first two reopened. Those who climbed the 674 steps Thursday were rewarded with far-away views and a light breeze in scorching summer weather. Masks are obligatory for all visitors ages 11 and up.
"I booked the first slot because afterward, it will be very hot," said Sabine Peaufils, a 57-year-old Parisian. "This is a real pleasure."
People climb stairs as they visit the Eiffel Tower, in Paris, Thursday, June 25, 2020. The Eiffel Tower reopens after the coronavirus pandemic led to the iconic Paris landmark's longest closure since World War II. (AP Photo/Thibault Camus)
The tower lost 27 million euros ($30 million) from the lockdown that started in March, according to its director general, Patrick Branco Ruivo.
France and other European countries with big tourism sectors are starting to coax back visitors, with mixed results.
The Louvre is bracing for a precipitous drop in visitor numbers when it reopens.
Visitor numbers are down at the Versailles Palace since the former royal residence west of Paris reopened June 6.
The palace has capped visits at a maximum of 4,500 people per day, spread out through the day. That is way down from the 20,000 people per day the palace previously got in the busy summer season.
We are just one day away from what has been called the most influential tech event in the world. CES 2022 will officially kick off on Wednesday in Las Vegas, but the annual tech summit is being impacted by COVID-19, like so many other recent events. The Consumer Technology Association originally planned for a hybrid event to take place from January 5-8, with some in-person events and some virtual; however, a few big-name companies announced they will not be attending in-person, so the CTA decided to shorten the event by one day, with it now ending on Friday. Consumer electronics senior analyst Will Greenwald joins Cheddar News' Closing Bell to discuss.
California's new composting law will affect what residents do in their kitchens. As of this week, Californians will have to recycle excess food in an effort to reduce emissions caused by food waste. Cities and counties will turn recycled food into compost or use it as a renewable energy source. California's new law is the largest mandatory residential food waste recycling program in the country. Rachel Wagoner, Director of the California Department of Resources, Recycling and Recovery called the law 'the biggest change to trash' since recycling started in the 1980s. She joined Cheddar Climate to discuss.
Fast-casual restaurant chain Sweetgreen is rolling out its first salad subscription service called sweetpass as it looks to customers tackling new year weight loss and health goals. Members will receive up to 30 percent off of purchases.
Washington DC and the surrounding areas saw a record breaking snow storm Monday as a strong storm system works its way across the eastern U.S. The extreme weather event caused extensive damage in the greater Washington area, leaving thousands in the region without power. Jonathan Porter, Chief Meteorologist, AccuWeather, joined Wake Up with Cheddar to discuss the fierce storm.
Airlines canceled more than 3,000 flights on Monday over severe weather and crew shortages. The cancellations come on one of the busiest travel days of the holiday season, and is a continuation of the industry-wide disruption that started before Christmas. Thomas Pallini, Aviation Reporter for Insider joined Wake Up with Cheddar to discuss.
Millions of Americans with young children have relied on the child tax credit since the federal government began issuing checks in July 2021. The last round of payments was sent out just before the Christmas holiday — at the same time as the omicron variant surged. Leah Hamilton, associate professor of social work at Appalachian State University, joined Cheddar to discuss what the end to the tax credit means as the U.S. sees the end of many relief programs and its highest number of COVID cases since the start of the pandemic. "It'll become harder for families to meet their basic needs, increasing national childhood poverty rates and the proportion of families who have difficulty putting food on the table, maintaining stable housing, and paying their bills," Hamilton said. She also pointed to research that the credit as a long-term investment in children offsets claims that it contributes to macroeconomic impacts like inflation.
Several Silicon Valley insiders are being accused of contorting a 1990s-era tax break to avoid taxes on millions of dollars of investment profits. The tax break is known as the qualified small business stock exemption, and it allows early investors in certain companies to avoid half of the taxes on up to $10 million in capital gains. A piece recently published in the New York Times says venture capital firms like Andreessen Horowitz replicated the tax exemption by giving shares of companies to friends and family, who would otherwise face a 23.8% capital gains bill. The CEO of Roblox is also accused of replicating the tax break for his family members at least 12 times. Although the loophole known as 'stacking' is considered to be legal, the Times piece implies that the exemption has been manipulated for the ultra-wealthy to become more wealthy. Greycroft co-founder and Chairman Emeritus Alan Patricof joins Cheddar News' Closing Bell to discuss.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
