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Transcripts For KPIX CBS 20240705

an update on one of the biggest names in college basketball after a run-in with the law. and later, mixed messages on the state of the u.s. economy. empty malls but americans still spending. inflation high, but dropping with less credit available. cost of living has really increased a lot, so it s getting a little harder to do things that, you know, i would typically do. announcer: this is the cbs weekend news from new york with jericka duncan. good evening and thanks for joining us on this father s day. tonight we begin with a new diplomatic push aimed at cooling tensions with china. secretary of state antony blinken arrived in beijing sunday for two days of high-stakes talks. it s the first u.s. diplomatic mission there in five years. cbs s margaret brennan is traveling with the secretary in beijing and leads us off tonight. reporter: jericka, after more than 5 1/2 hours of intense and very direct talks between secretary blinken and his chinese counterpart, ther

Transcripts for KPIX CBS Weekend News 20240604 00:53:00

we re a worker co-op, which means all the members and owners of the business work in the business. reporter: kirk vartan started the business, and six years he turned it into a co-open by selling the business to his staff as a leveraged buyout. the employee/owners are now paying back the business loan with the profits of the company and they all run the shop as a board of directors. we created our first pto policy. we created a 401(k) plan for our team. we have a family leave plan. it s not just it s our baby. reporter: this was collin webster s first job when he turned 18 ten years ago. he now chairs the board. there s a stigma against people that work in the service industry. i tell people, no, i own a business and i make money while some of my friends went to college. reporter: it s not a new business model, but it is getting a lot more attention after the pandemic wiped out many small businesses. the bill to start a co-op passed unanimously and became law in californi

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