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New York City schools will not fully reopen in fall

New York City Mayor Bill de Blasio announced at a press conference on Wednesday that schools will not fully reopen in fall, and will instead adopt a hybrid model that will limit in-person attendance to just one to three days a week.

Why it matters: New York City, once the epicenter of the coronavirus outbreak in the United States, is home to the nation's largest public school district — totaling 1,800 schools and 1.1 million students, according to the New York Times. The partial reopening plan could prevent hundreds of thousands of parents from fully returning to work.


What they're saying:

We are planning to reopen New York City schools this fall while putting health and safety FIRST. 75% of families want to send their kids back to school in the fall. Our job is to make it safe and make it work for every family. We won’t let you down. Through a mix of in-school and at-home learning we can make more space in every classroom and building. That means most kids coming to school 2 days a week. It’s a first for NYC public schools but it’s the only way to bring kids back safely. What we WON'T do is ignore the science and recklessly charge ahead like our president. We will do it the right way. We will keep everyone safe.
De Blasio tweeted

The big picture: Other states have announced they will fully reopen schools in fall despite major spikes in confirmed COVID-19 cases. New York has taken a more cautious approach to reopening.

  • Florida Education Commissioner Richard Corcoran said this week that schools will fully reopen in fall.
  • Massachusetts has said schools can reopen with at least three feet of distance between students, per NPR.

Yes, but: New York Gov. Andrew Cuomo (D) could still claim authority over NYC schools and block De Blasio's timeline for reopening, per the New York Times.

  • And the plan is based on current case numbers, meaning fluctuations could alter de Blasio's vision for reopening schools.

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Pentagon confirms explosion outside Kabul airport

The Pentagon confirmed Thursday that there was an explosion outside the Hamid Karzai International Airport in Kabul on Thursday.

The big picture: "Casualties are unclear at this time," Pentagon spokesperson John Kirby added in a tweet. The State Department issued a warning on Wednesday night urging Americans not to travel to the airport and to leave immediately if they were gathered near the Abbey Gate, East Gate, or North Gate.

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Valuations for venture-backed companies at record highs

Valuations for U.S. venture-backed companies are at record highs, per data released this morning by PitchBook.

Between the lines: It's the new normal, in which nontraditional investors are traditional, unicorns are pigeons and startups are in the driver's seat.

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NCAA rules deprive top college athletes of potentially earning as much as $500,000 per year

If football and men's basketball players at Power 5 colleges were paid under collective bargaining agreements like their professional peers in the NFL and NBA, they would earn annual salaries of $360,000 and $500,000, respectively.

Driving the news: That's according to a new study released by the National Bureau of Economic Research, which also estimates that high-profile athletes like quarterbacks ($2.4 million per year on average) and every starting player on a basketball team (between $800,000 and $1.2 million per year) would earn significantly more.

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