Exclusive: Restaurant chain Chuck E. Cheese prepares IPO – sources

(Reuters) – The parent of Chuck E. Cheese has begun preparations for an initial public offering (IPO) that could value the U.S. restaurant chain at more than $1 billion, including debt, people…

Eddie Huang: Immigrants Should Be Confident In Charging ‘Full F**king Price’

Fresh Off the Boat author Eddie Huang wants immigrants to stop undervaluing their work. 

The Baohaus owner gave a speech last month at the National Immigration Integration Conference in Nashville, Tennessee, where he recalled how his father ― who immigrated from Taiwan and opened restaurants in the U.S. ― told him that “immigrants can’t sell anything full price in America.”

But Huang said he was unwilling to cave to the unfair expectations put on his parents and so many other immigrants and minorities. 

I sell Taiwanese gua bao for a full f**king price in America.

“My name is Eddie Huang. I was born in America, my ancestors are from China, and my parents were born in Taiwan,” he says in the speech. “I sell Taiwanese gua bao for a full f**king price in America.”

In his speech, Huang emphasized that immigrants like his father, Louis Huang, felt indebted to the U.S. And though they often worked several times harder just to achieve the same pay as non-immigrants, they thought it was worth it.

“Those were days when he thought being a fragmented human in America was still better than being a whole human in Taiwan,” Huang said. 

While his father knows better now, Huang says the fact still remains ― immigrants and minorities still aren’t seen as completely American. Immigrants have proven themselves to be worthy of top schools and their achievements just as admirable as white people in America, he continued. The coupons, however, haven’t disappeared. And neither has the difficulty to be accepted. 

Huang’s speech illustrates the immigrant and minority experience. People truly do place less value on certain ethnic foods due to biases toward those cultures, Krishnendu Ray, a professor of food studies at New York University, told Voice Of America. He explained that there’s an inverse relationship between poor immigrants who migrate to the U.S. and the respect their culture and cuisine receives.   

“If you take price as a surrogate for prestige … there are some cuisines we are willing to pay for and some we are not willing to pay for, and that is related partly, I think, to how we evaluate those national cultures and their people,” Ray said. He pointed out that as immigration from certain cultures slows or stops, people tend to place more value on those cuisines. This can be seen with Japanese and Italian food, Ray mentioned. 

The inequality doesn’t stop at food ― it’s also seen in pay. Even in skilled jobs like those in the high-tech industry, people of color get paid less for doing the same amount of work. 

But in spite of all these barriers, Huang said that people who are marginalized should not stay silent. Especially in a time with growing anti-immigrant sentiment, the Baohaus owner believes the only way to be “accepted at market value” is to shed light on the immigrant narrative. 

“I hope that one day America will acknowledge my identity and accept that I am a yellow-blooded whole American entitled to equal rights, because nowhere in our creation story is whiteness tied to the definition of an American,” Huang said. 

— This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

Berkshire Hathaway unit buys big NYC-area real estate firm

NEW YORK (Reuters) – HomeServices of America Inc, a unit of Warren Buffett’s Berkshire Hathaway Inc , on Tuesday said it has purchased the Houlihan Lawrence residential real estate firm, its second…

UPDATE 1-Suspended MH370 search could resume in future -Australian minister

SYDNEY, Jan 18 (Reuters) – The Australian government said on
Wednesday it was not ruling out a future underwater search for
missing Malaysia Airlines Flight MH370, but added
there was currently no…

U.S. carries out strikes near Syria’s al-Bab after Turkish criticism

WASHINGTON (Reuters) – The U.S. military said on Tuesday it carried out air strikes in Syria against Islamic State targets of interest to both Washington and Ankara near the town of al-Bab, following Turkish criticism of insufficient U.S. support for its ground offensive.

Under Tom Price’s ACA-killing plan, 18M lose insurance and premiums rise

Republican legislation that guts the Affordable Care Act would cause 18 million people to lose their insurance and would increase premiums of individual plans by about 20 to 25 percent, all within a year of being enacted, a report released today by the Congressional Budget Office estimates.

The legislation would destabilize the individual health insurance market, the report cautions, so the effects will “worsen over time.” After roughly two years, the number of uninsured would jump by 27 million and premiums would increase by about 50 percent. If nothing else changes, in ten years, the uninsured would increase by 32 million and premiums would be about double.

The CBO made the projections based on the most current insurance data and legislation introduced in 2015 by Tom Price (R-Ga.), President-elect Trump’s nominee for secretary of the Department of Health and Human Services. The legislation, H.R.3762, is designed to dismantle the ACA through budgetary reconciliation. The legislation passed both the House and Senate at the time but was vetoed by President Obama. The GOP has already begun legislative proceedings to once again pass a budgetary reconciliation that would demolish Obama’s signature healthcare law.

Read 7 remaining paragraphs | Comments

Bitcoin exchange employee pleads guilty in U.S. case tied to hacking

NEW YORK (Reuters) – A Florida man pleaded guilty on Tuesday to charges stemming from his employment with an unlicensed bitcoin exchange that prosecutors say was owned by an Israeli who oversaw a massive scheme to hack companies including JPMorgan Chase & Co.