The LA Police Commission has set a new policy for LAPD officers to treat the homeless with more compassion and empathy. Then, a growing slice of charitable giving is happening through Donor-Advised Funds, or DAFs. But not everyone thinks that’s good for charities. Tesla wants to buy SolarCity for $2.8 billion, despite the fact that SolarCity could lose up to $400 million next year. Also, Yaa Gyasi talks about her new book “Homegoing.” And VidCon, the annual confab of online video stars and the people who love them, starts Thursday at the Anaheim Convention Center. Photo: Shelter Skid Row, LA. Timothy Krause
FROM THIS EPISODE
The most popular charity in America is United Way. The second most popular charity is Fidelity Charitable. If you haven’t heard of it, that’s because Fidelity Charitable isn’t really a charity at all, it’s what’s called a “donor-advised fund” run by the investment company Fidelity Investments. Donor-advised funds, or DAFs are growing. They control more than $70 billion in assets. But it’s not clear how much of that money actually makes it to charities.
Ray Madoff, Professor of Law at Boston College Law School
Tesla just announced that it wants to buy solar panel company SolarCity for $2.8 billion. Elon Musk - who owns Tesla - is also the chairman of SolarCity, which is run by two of Musk’s cousins. Musk called the bid a “no-brainer,” but many analysts and investors are puzzled by the decision. Especially because SolarCity is struggling with rising costs and increased competition. One estimate found that SolarCity could lose up to $400 million next year alone. And here in California, solar only makes up about four percent of our total power.
Stefan Reichelstein, Stanford
Yaa Gyasi, Author
Online video has become a huge deal. So huge, that it even has its own conference: Vidcon. The annual confab of online video stars and the people who love them is back tomorrow at the Anaheim Convention Center.
Natalie Jarvey, The Hollywood Reporter