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Why is this crypto firm really closing its SF headquarters?

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A San Francisco-based cryptocurrency alternate’s CEO introduced the closure of its Market Avenue headquarters within the metropolis for good — and blasted San Francisco District Legal professional Chesa Boudin within the course of.

Kraken CEO Jesse Powell, in a press release first shared by Boudin recall organizer and conservative mayoral candidate Richie Greenberg on Twitter, appeared to disgrace Boudin for workers getting harassed and for “crime, psychological sickness and drug abuse” within the metropolis.

“San Francisco just isn’t protected and won’t be protected till now we have a DA who places the rights of regulation abiding residents above these of the road criminals he so ingloriously protects,” Powell wrote within the assertion. Powell additionally praised police in his assertion, saying they have been “recognized to arrest the identical offenders dozens of instances” due to Boudin. (Powell misspelled his personal identify within the assertion offered to Greenberg.)

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A Kraken spokesperson confirmed the corporate’s departure from San Francisco — however notably, didn’t point out Boudin as the explanation for the corporate’s exit from downtown, solely alluding to Powell’s feedback by saying that there’s a want “to make sure the security and safety of our group members.”

“Kraken was one of many first firms on the earth to pioneer the remote-first mannequin. We have now group members in additional than 70 international locations world wide, enabling us to supply a spread of round the clock crypto companies in just below 200 jurisdictions world wide,” the spokesperson mentioned in an e-mail to SFGATE Wednesday.

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The spokesperson added, “We have now no plans to determine a brand new, formal international HQ presently.”


Because the district lawyer recall approaches, sentiments such because the one raised by Powell will doubtless solely develop louder, as will assist for Boudin. (On Wednesday, the R&B singer-songwriter John Legend publicly endorsed Boudin.) 

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San Francisco is certainly experiencing a disaster in elevated drug use — and residents do consider that crime has gotten worse over the previous 12 months, even when the underlying information helps a extra nuanced conclusion. Figures offered by San Francisco police present that reviews of violent crimes equivalent to rape, theft and assault are at decrease ranges than they have been earlier than Boudin took workplace, however reviews of some property crimes are growing.

As many staff specific a want to proceed to work at home, firms throughout industries and cities are starting to ditch dear workplace areas. Their determination to shut their places of work — and never open a brand new location — actually has monetary advantages for the businesses.

Many San Francisco tech firms have embraced the pandemic-induced transition to remote-first work — simply as Kraken has. Tech heavyweights from Salesforce to Meta (with one notable exception) are granting staff the choice of versatile work, and with that has meant a discount or whole closure of places of work, particularly in probably the most costly markets in america.

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A report from business actual property company Kidder Mathews finds that greater than 20% of places of work are nonetheless vacant. In a latest replace, the company wrote that there’s “an uptick in tenant prospects, but it appears they don’t seem to be fairly able to make the leap to return to the workplace.”

Take the corporate’s phrase for it: Distant work has been useful for Kraken.

“Kraken’s remote-first mannequin has enabled us to take important strides in bringing international experience and information to the cryptocurrency business,” the corporate spokesperson mentioned.





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San Francisco, CA

Beat the heat: Free public pools in San Francisco

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Beat the heat: Free public pools in San Francisco


With temperatures at nearly 20 degrees above summer averages in California, the city of San Francisco is making all its public pools free for the heat-weary on Wednesday. 

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The City – where temps were expected to reach the mid-80s compared to triple-digits inland – has nine public pools. 

“It’s important that residents, especially seniors and families with young children, know that there are resources to help them keep cool during excessive heat,” Rec and Park General Manager Phil Ginsburg said. “If the heat is getting to you, don’t sweat it. Our pools will be free for anyone looking to chill out.” 

San Francisco is closing its pools on Thursday and will reopen them on Friday.

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Most pools are open for dipping from 9 a.m. to 5 p.m. or 7 p.m. People can find their pool and its specific hours here. 

Typically, it costs $8 to swim at a city pool. 
   
   



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San Francisco, CA

Power outage in the East Bay affecting thousands

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Power outage in the East Bay affecting thousands


Power outage affecting thousands in the East Bay

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Power outage affecting thousands in the East Bay

01:34

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Thousands in the East Bay are without power on Tuesday, according to PG&E. 

The power outage is affecting residents in Castro Valley, Pleasanton, San Ramon and Dublin. 

At least 11,214 residents are without power, and there is currently no estimated time for when power will be restored. 

PG&E said they had crews and equipment on standby as the Bay Area is hit by a heat wave.

KPIX First Alert Weather: Current conditions, alerts, maps for your area

The National Weather Service said the heat wave will last through the 4th of July holiday, the weekend, and into next week.





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Harris glosses over debate at San Francisco fundraiser, highlights Biden victories over 'liar' Trump

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Harris glosses over debate at San Francisco fundraiser, highlights Biden victories over 'liar' Trump


At a fraught moment in President Biden’s reelection campaign, as he faces calls to drop out of the race due to serious flubs at last week’s debate, Vice President Kamala Harris addressed donors at a private fundraiser Tuesday in San Francisco and focused on the election as a choice between civil liberties and dictatorship.

“Let’s just deal with the elephant in the room. There are actually two: One is the debate, and the other is Trump,” Harris said to light laughter from a group of about 35 supporters at the Nob Hill condo of real estate executive Susan Lowenberg, in a high-rise building overlooking the city and bay.

“The debate, as the president said, [was] not his finest hour. We all know that,” Harris told the room. But the outcome of the election, she added, “cannot be determined by one day in June.”

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“It is still the fact that the stakes are so high in this election. It is still the fact that the race is close. It is still the fact that there is a profound contrast on the two sides of the split screen in terms of who stands for what and what each has accomplished,” she said. “And it’s still true that Trump is a liar.”

Her appearance at the San Francisco fundraiser came the same day Trump’s campaign reported raising $331 million compared with Biden’s $264 million during the second quarter of this year, eliminating the cash advantage Biden previously had over Trump.

“President Trump’s campaign fundraising operation is thriving day after day and month after month,” the Republican’s top campaign advisors, Chris LaCivita and Susie Wiles, said in a statement. “This fundraising momentum is likely to grow even more as we head into a world-class convention and see the Democrats continue their circular firing squad in the aftermath of Biden’s debate collapse.”

Harris didn’t say anything further about Biden’s debate performance while a Times reporter was present at Tuesday’s private fundraiser.

Elizabeth Ashford, a Democratic strategist who served as Harris’ chief of staff during her tenure as California’s attorney general, applauded Harris’ focus in recent days on delivering a crisp, clear message to an anxious American electorate. Harris’ job, Ashford said, is to focus on the administration’s accomplishments, and to demonstrate to voters — without actually saying it — that she can step in if necessary to effectively lead the nation.

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“That is where I would be singularly focused,” Ashford said. “One of Kamala’s areas of growth has been to be really confident in how she communicates. And this is that moment.”

A new CNN poll indicates some 75% of voters think Democrats would have a better shot at keeping the White House if they swapped Biden out for someone new. The poll also showed nearly as much support for Harris as for Trump in a hypothetical matchup — with 47% of registered voters surveyed nationwide saying they would support Trump and 45% saying they would vote for Harris. The same poll indicated the difference between the current likely candidates was larger, with 49% backing Trump and 43% favoring Biden.

At the fundraiser Tuesday, Harris seemed comfortable and relaxed in a room full of longtime donors and friends stretching back to her start in San Francisco politics as district attorney 20 years ago.

Harris touted the administration’s policy accomplishments, such as capping the price of insulin for seniors on Medicare and erasing student loan debt for millions of borrowers. She highlighted the White House’s commitment to mitigating climate change through investments in green energy, and its support for reproductive freedoms and other rights for women and marginalized communities.

“There is an awareness among the American people that there is a full-on attack — an intentional attack — against hard-fought, hard-won freedoms and liberties,” she said.

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Those stakes became “even higher” with the U.S. Supreme Court’s decision on Monday that gave Trump — and possibly future presidents — legal immunity from criminal charges stemming from official actions while in office, Harris said.

“And let’s not forget, Donald Trump has openly said he admires dictators and intends to be ‘a dictator on Day One,’” Harris said. “We gotta fight, and we know how to fight.”



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