Here are the headlines you Need2Know for Friday, February 26, 2021:

COVID-19: STAY VIGILANT

There’s been a number of promising developments on the pandemic lately, but it’s not over yet. Hospitalizations and deaths are still coming down, though there’s a worrying signal in the data: cases have stopped declining after going down steadily for weeks. The vaccination rate also had a bad week due to the reverberations from all the storms. But the fact that the number of new cases have stopped going down --  not just in the U.S. but globally -- suggests that the virus is shape-shifting in the form of these new more contagious strains. NY TIMES

SYRIA AIR STRIKE

The U.S. carried out airstrikes in Syria against an Iran-backed militia that the Pentagon says was responsible for a rocket attack in Iraq earlier this month that killed a coalition contractor and wounded several Americans. It was the first military action taken by the Biden administration. According to the Pentagon, the strike was limited in scope and meant to “de-escalate” the “overall situation in both eastern Syria and Iraq.” AP

STIMULUS: MIN WAGE OUT

The $15 minimum wage hike will not be in the final stimulus package after the Senate parliamentarian ruled that it can’t be part of the budget reconciliation process. Instead, Sen. Bernie Sanders is floating the idea of a last-minute clause that would raise taxes on profitable companies that pay workers less than $15 an hour. Meanwhile, Congressional Republicans are closing ranks against the bill ahead of its passage in the House, which could come today. The stimulus is widely popular -- about 7 in 10 Americans support it, including many Republicans -- and GOP lawmakers face some political risk in opposing it. Even without the minimum wage, Republican lawmakers say the bill is too big, too expensive, and full of giveaways for liberal constituencies that are unrelated to the pandemic. CNN

MINUTES FROM DISASTER

ERCOT, the big Texas utility, says the state power grid was 4 minutes and 37 seconds away from a complete collapse last week that would have caused a months-long blackout. The head of ERCOT told Texas lawmakers that the actions they took that left millions in the dark for days was better than the alternative: a catastrophic grid failure that would still be going on. President Biden is headed to Texas today to survey the damage from those storms. CHRON

RENT COMES DUE

The rent’s going back up. According to a nationwide analysis by Apartment List, rent prices just had their biggest month-to-month jump since the summer of 2019. The rental market in the cities hit hardest by the pandemic -- San Francisco, NYC, Seattle, Boston -- appears to have bottomed out and there are signs of a rebound ahead of the typically busy spring moving season. That means if you’re looking for a new place in a big city, act fast. MPA

PAYING FOR TWEETS

Twitter is making one of the most substantial changes to its service in years. The social platform will allow users to charge their followers for access to extra content, like bonus tweets and newsletters, similar to the direct-payment model popularized by Patreon. There’s also a new feature called Communities -- basically a riff on Facebook Groups -- in which users can create and join groups around specific topics. THE VERGE

GYMNASTICS COACH SUICIDE

Former U.S. Gymnastics coach John Geddert died by suicide hours after he was charged with 24 felonies, including human trafficking, racketeering and sexual assault, related to his work with young gymnasts. Geddert -- an associate of disgraced doctor Larry Nassar -- led the U.S. women’s team in their gold-medal run at the 2012 Olympics. NBC NEWS

GAGA DOGNAPPING

Lady Gaga is offering a $500,000 reward for the return of her two French bulldogs, Gustav and Koji, after they were stolen in an armed robbery that left her dog walker critically injured. The victim, Ryan Fischer, was shot four times when he tried to fight the assailants off. One of Gaga’s three dogs, Miss Asia, managed to escape. Purebred Frenchies can fetch thousands of dollars on the black market. No arrests have been made. TMZ

FRASIER'S BACK

Kelsey Grammar is reprising his role as the psychiatrist Frasier Crane in a Frasier reboot for Paramount+. ViacomCBS confirmed the rumors after it unveiled details of its upcoming streaming platform, of which Frasier will be a flagship series. Paramount+ will replace CBS All Access when it launches next week. The platform is also going to be the exclusive home to some big-screen movies, like Mission: Impossible 7 and A Quiet Place II, 45 days after they premiere. CNET

LEFTOVERS: REGRETS, I'VE HAD A FEW

If you’ve ever gotten a tattoo you came to regret, you’ve got nothing on Leah Holland. The 25-year-old Kentuckian won a TikTok challenge for “dumbest tattoo” for her ink, which reads: courageously & radically refuse to wear a mask. Holland said she liked the message of self-affirmation and got the ill-timed tat last March, two days before Kentucky recorded its first COVID case: SEE IT

Listen to the N2K Podcast! Looking for more context and analysis on the big stories of the day? Check out our podcast! Hosts Jill and Carlo break down the headlines, every weekday morning Listen on Apple or Spotify, or watch on YouTube, and send us your feedback!

Share:
More In Culture
L’Oréal Leans Into High-Tech Innovations for Home Hair Coloring
L’Oréal is doubling down on its investment in tech. The French beauty giant unveiled two new high-tech products ahead of CES 2022, aimed at simplifying the hair coloring process. Guive Balooch, global vice president of L’Oréal Technology Incubator, joined Cheddar's Opening Bell to discuss the company's innovations for hair coloring, including the Colorsonic application device and the Coloright AI diagnostic tool.
Bill Murray, Cellist Jan Vogler Make Beautiful Music Together in New Concert Doc
After meeting by chance in an airport, legendary actor Bill Murray and world-renowned cellist Jan Vogler joined forces to put out an album of poetry and music, go on a European concert tour, and release a feature documentary. Murray and Vogler joined Cheddar to dish about the experiences taking their “New Worlds: The Cradle of Civilization" on the road and filming the documentary that followed the pair, along with Mira Wang on violin and Vanessa Perez on piano, at their final show in Greece. "When this opportunity to play with Jan and Mira and Vanessa came along, I thought, well how bad can I be with these people behind me," Murray self-deprecatingly noted about his own musical talents.
Everything You Need to Know About Climbing Mount Everest
On this episode of Cheddar Reveals: Director of Programs at Alpine Ascents breaks down how to mentally and physically prepare for climbing Mount Everest; American Himalayan Foundation's Vice President discusses Sherpa culture and ethos, and why they are so critical to the climb; A look at Curiosity Stream's 'History by the Numbers.'
Why Cars Can Go Speeds They Can’t Legally Hit
All around the world, speed limits are placed on public roads to promote car safety and save lives. In that same world, car manufacturers have continued to look for ways to build faster and faster cars. Despite the dangers of speeding, many drivers are guilty of pushing the pedal from time to time. With cars being such a prevalent culture in everyday life, especially in the US, it’s worth wondering what it would take for car companies to once and for all settle the argument of safety versus freedom.
Income Inequality Among Influencers, Closing the Racial Pay Gap
A recent study by MSI uncovers a vast racial divide in influencer marketing. The research found a 35% racial pay gap between white and black influencers. This gap is extremely wider than the gap in other industries such as education, business, and finance. The research also suggests that brands and agencies have the power to close this gap. Tiffany Hardin, founder and CEO of Gild Creative Group, joins Cheddar News to discuss.
Pennsylvania AG Josh Shapiro Details Navient's Predatory Student Loan Schemes
Student loan collection company Navient agreed to cancel $1.7 billion in debt and paid more than $140 million in other penalties to settle a lawsuit over abusive lending practices. Josh Shapiro, the attorney general of Pennsylvania who led negotiations in the settlement, joined Cheddar to go over the details of the company's predatory lending. "What Navient would do is charge [borrowers] these exorbitantly high rates, even though they knew people couldn't pay them or they would likely default on them," he explained.
Foxtrot Raises $100 Million to Accelerate National Retail Expansion Of Its Digital-First, Omnichannel Corner Store
Retail platform operator and delivery company, Foxtrot, raised $100 million in a Series C round led by D1 Capital Partners. Foxtrot bills itself as the modern convenience store that combines what it calls in-store curated discovery with 30-minute delivery and 5-minute pickup. Since launching first as a digital-only delivery service, the company has since grown into a popular local retailer, opening 16 brick and mortar locations across Chicago, Dallas, and Washington, DC. Foxtrot co-founder and CEO Michael LaVitola joined Cheddar News' Closing Bell to discuss.
Load More