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Austin Mayor Steve Adler finds himself among unflattering company after Cabo trip, makes national headlines
(Austin Mayor Steve Adler/Facebook)
In a Facebook video posted on Nov. 9, Austin Mayor Steve Adler asked residents to "stay home" as the local caseload increased.

Austin is in the national—and even international—spotlight as usual, but this time for less-envious reasons.


Mayor Steve Adler told Austinites to "stay home" Nov. 9 while filming from a timeshare in Mexico not long after a small wedding ceremony in Austin. The contradiction was first reported by Tony Plohetski of KVUE and the Austin American-Statesman, resulting in strong negative reactions from Austin residents and attention from U.S. and global news outlets.

In much of the news coverage, including in Business Insider and VICE, Adler is listed among other politicians who stressed safety but bucked their own recommendations. The unflattering company includes national figures such as California Gov. Gavin Newsom (lobbyist birthday party), New York Gov. Andrew Cuomo (maskless event in Georgia) and House Speaker Rep. Nancy Pelosi (salon visit).

Several mayors are also caught up in related scandals, including San Francisco Mayor London Breed, who attended a party at the same Napa Valley restaurant as Newsom one night later. Additionally, San Jose Mayor San Liccardo attended a big thanksgiving family event after insisting others do the opposite. Even Chicago Mayor Lori Lightfoot had to defend her own salon visit similar to Pelosi.

But perhaps the most similar scenario comes from Denver Mayor Michael Hancock, who flew to Mississippi right after telling his constituents to stay home for Thanksgiving.

The national coverage of Adler is made worse by his initial insistence that he did not "do anything wrong," as he initially told KUT, only to issue an apology hours later. By then, the damage was already done as the story gained so much traction that "Cabo" was even trending on Twitter, according to the Statesman, based on the Cabo San Lucas location of Adler's timeshare.

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.

Austin rents nearly double in a year and are now in the top 5 nationwide
Dwellsy

While searching for a place to live, Austin renters will face monthly rates of nearly $3,000, a recent guide from rental marketplace Dwellsy shows.

The median rent in August this year was $2,930, a more than 86% increase since August 2021. That’s $820 more than the nationwide median asking rent in August and puts Austin just below the Bay Area, Boston and New York for large cities with the most expensive asking rent.

“Within this group, Austin, TX stands out for the highest increases in asking rent, which has nearly doubled since this time last year,” the study notes.

Outside of those large cities, however, others are seeing even higher rent spikes. Metro areas that ranked above Austin in one-year increases include those like Kansas City, MO with a 112% change in rent since last August and Tucson, AZ with a 124% change.

The data reflects large apartment communities, single-family homes and 2-6 unit buildings.