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  • Costco upholds its DEI policies as Amazon and Walmart scale theirs back
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    Costco is pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity, and inclusion practices. Investors were expected to vote on the recommendation during the companys annual meeting Thursday.The National Center for Public Policy Research, a conservative think tank based in Washington, submitted the proposal, arguing that Costcos DEI initiatives hold litigation, reputational and financial risks to the company, and therefore financial risks to shareholders.The think tank has made a similar proposal to Apple, and like some American companies that already scaled back or retreated from their diversity policies, cited a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions.Costco officials could not be reached for comment on the DEI proposal.But Costcos board of directors voted unanimously to ask shareholders to reject the motion. The board said it believes our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary. The report requested by this proposal would not provide meaningful additional information.The directors message to shareholders details how having diverse employees and suppliers has, in their view, fostered creativity and innovation in the merchandise and services that we offer and led to greater customer satisfaction among Costco members.Neil Saunders, managing director of consulting firm GlobalDatas retail division, said Costco can be confident the proposal will be rejected.I think people generally have confidence in Costcos management, and theres an attitude of Why rock the boat? Its sailing very nicely,' Saunders said.Costcos public stance in support of diversity, equity, and inclusion programs contrasts with the positions taken in recent months by other big consumer brands, including Walmart, McDonalds, and John Deere.Last week, more than 30 Walmart shareholders, including Amalgamated Bank and Oxfam America, asked the CEO of the nations largest retailer to explain the business impact of curbing the companys DEI policies, a move they called disheartening.Prominent technology companies, including Amazon and Metathe parent company of Facebook and Instagramalso have rolled back DEI initiatives, which are expected to face opposition from the administration of President Donald Trump.Emboldened by the Supreme Courts decision on affirmative action at colleges and universities, conservative groups have filed lawsuits making similar arguments about corporations, targeting initiatives such as employee resource groups and hiring practices that prioritize historically marginalized groups.On Monday, Trump signed an executive order aimed at terminating DEI programs within federal agencies. Conservatives have long condemned them, arguing they violate the U.S. Constitution by considering factors such as race, gender, and sexual orientation.As for Costco, the National Center for Public Policy Research alleged that at least 200,000 of the companys 300,000 employees worldwide are potentially victims of this type of illegal discrimination because they are white, Asian, male or straight. If only a fraction of those employees were to sue Costco, the legal costs could be significant, the center said.Costco has a chief diversity officer, but the companys executive ranks do not reflect the diversity of its customers. Nearly 81% of the executives Costco had in place last year were white, and 72% of them were men, according to data published on its website. Saunders said members of Costcos management team typically stay a long time given the companys solid and stable financial performance.In other ways, Costco has been a bit of a maverick in the corporate world. It doesnt have an official corporate public relations team, and it hasnt focused on building up online business as much as rivals Walmart and Target.The National Center for Public Policy Research intends to present a proposal at Apples February 25 shareholder meeting that goes beyond what the think tank wants from Costco. The centers resolution asks the tech company to abolish its inclusion and equity department, policies and goals, describing them as consistent with, if not more radical than, most corporate DEI programs.Apples board wants shareholders to vote down the proposal, saying the company strives to create a culture of belonging where everyone can do their best work.Anne DInnocenzio, AP Retail Writer
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  • L.A. artists and collectors are reeling from massive losses in wildfires
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    As the Los Angeles area begins the formidable task of rebuilding after the most destructive wildfires in its history, the citys artists and art collectors are mourning what could amount to billions of dollars in irreplaceable art that went up in flames.The wildfires have altogether destroyed more than 13,000 structures, with many among those located in the affluent Palisades neighborhood home to many priceless art collections and the town of Altadena, which was home to a flourishing artist community.Some of those art collectors likely lost many of their acquisitions as the fires burned out of control for weeks, while local artists have watched as their studios and homes burned, destroying their work and jeopardizing their livelihoods.Theres part of me thats numb or in shock, said Brad Eberhard, an artist who ran Altadenas Alto Beta gallery, which also housed his own studio. Both burned down in the Eaton Fire. Every half hour I remember another thing gone.Alto Beta, a 550-square-foot (51-sq-meter) space in an Altadena shopping center, hosted exhibits focused on artists who had not had a showing in Los Angeles in the past three years.Eberhard lost between 50 and 70 of his own sculptures as well as about two dozen pieces of art from his friends and colleagues.When he returned to visit the gallery, all I recognized was an aluminum door frame, he said.Just days before the gallery burned down, Alto Beta had opened a show called Quiver exhibiting paintings from Mary Anna Pomonis, a Los Angeles-based artist. Pomonis described the work in the show as female-centered paintings rooted in devotional imagery.It felt like it was an appropriately dramatic response to work that I felt dealt on that scale of an epic narrative, she said.Many in the Los Angeles area have heard the fates of their homes but have been unable to return to see whats left, as tens of thousands of Angelenos remain under evacuation orders.Kim McCarty, a watercolor painter and owner of the Michaels Santa Monica restaurant with her husband, lost her home to the Palisades fire. Like many, she has not been able to return to assess the damage in person.Through their restaurant, which opened in 1979, the McCartys became acquainted with local artists and housed many pieces in their Malibu home from friends such as Roger Herman, a German-born artist who teaches at the University of California, Los Angeles, and Pippa Garner, an American artist who died in Los Angeles in December.(Im) sad to lose that all because its such a loving thing, said McCarty, who added she was not able to salvage any of her own artwork before she was forced to evacuate.Experts have estimated that the LA wildfires could be the most expensive disaster in U.S. history. AccuWeather has estimated at least $250 billion in losses due to the fires, although that figure could still change.It is too early to estimate much of the losses that are art-related, but there were perhaps billions of dollars worth of fine art in properties in affected areas, said Christopher Wise, vice president at Risk Strategies, an insurance broker and risk management consultancy.If you take a look at the size of the areas that are under threat or have burned, the scale of it really is staggering, he said.Still, Wise cautioned that the amount of losses remains unclear, as many collectors have yet to return to their homes.Despite the uncertainty created by the wildfires, the organizers of Frieze Los Angeles made the decision last week to go ahead with the international art fair, scheduled for late February.Frieze, which also holds annual fairs in London, New York and Seoul, has presented the Los Angeles edition since 2019, elevating the citys status as an art capital. The fair attracts galleries and collectors from around the world, especially those from the U.S. West Coast.Since the fairs founding six years ago, Frieze has been proud to support and be part of this vibrant community, said a Frieze spokesperson. The challenges the city is currently facing only strengthen our commitment to work alongside the community to rebuild and recover together.Frieze Los Angeles, in conjunction with several smaller art fairs, aims to send a message to the local art community by going forward despite the fires, said Marc Selwyn, the owner of Marc Selwyn Fine Art in Los Angeles.I think its important that people know that LA is open for business and art is something that can be a boost for people in these kinds of times, the gallery owner said.The world-famous Getty Museum, which survived the fires, led several major art organizations in standing up a $12 million LA Arts Community Fire Relief Fund, which is set to provide emergency relief to artists and others who work in the arts.If there is a silver lining to be found in the disaster it may lie in how the Los Angeles artistic community has pulled together to help one another, said Eberhard. He has already been able to find homes in other galleries for most of the shows that Alto Beta was set to exhibit this year.I didnt know that the artist community was this caring. I really didnt, because artists are notoriously, and accurately, independent, self-reliant, like little islands, he said.Hannah Lang, Reuters
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  • Anti-LGBTQ+ policies hurt young people and make them want to move out of state: Trevor Project study
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    On his first day in office, President Trump signed an executive order declaring that the U.S. government will only recognize sexes: male and female. Since 2022, the Biden administration had allowed U.S. citizens to choose the gender-neutral X on their passports. The new executive order rolls this back, as well as prevents taxpayer funds from being used for gender-transition healthcare. Its the first in what will surely be more policy blows aimed at the LGBTQ+ population.The Trevor Project, a nonprofit focused on preventing suicide among LGBTQ+ youth, released a report on the impact of state policies on the well-being of LGBTQ+ youth. The report draws on data from the Trevor Projects 2024 mental health survey of 18,000 LGBTQ+ people ages 13 to 24, and data from think tank the Movement Advancement Projects work tracking policy changes across the U.S.The study shows how anti-LGBTQ+ policies have a non-trivial impact on the LGBTQ+ population. Here are the key findings:Negative impact on well-being: Anti-LGBTQ+ politics has an overwhelmingly negative impact on well-being. Ninety percent of LGBTQ+ people said these policy changes had a negative impact on their well-being. Anti-transgender state laws directly resulted in a 72% increase in suicide attempts among trans and nonbinary youthwho lived in states that implemented such laws.Anti-LGBTQ+ polices are common: Currently, 27% of LGBTQ+ young people live in a state with negative LGBTQ+ policies, and 38% in states with positive LGBTQ+ policies.LGBTQ+ youth want to move based on politics: Almost two in five reported thinking about moving to a different state with more friendly LGBTQ+ policies and 4% actually did move. This was particularly pronounced for trans youth: Seven in 10 living in a state with anti-trans policies have considered moving to another state.Trumps executive order is a blow at the federal level, which raises fears about what else may come down the pipeline and how much states with positive LGBTQ+ policies can do to protect their residents. After all, where is there to move except across country borders when federal policies slide into place? The Trevor project reported that it saw a 33% increase in calls to its crisis hot line on inauguration day.One thing must be made clear: regardless of if, when, or how todays anticipated anti-transgender executive orderand others like itmay be implemented, targeting the transgender and nonbinary community on day one will cause harmespecially for young people, said Janson Wu, senior director of state advocacy and government affairs at the Trevor Project, in a statement about Trumps executive order. We know that many people are feeling afraid, or even confused, by what certain actions today and in the coming days mean for our community. I want to remind everyone that we are prepared for whatever lies aheadand will continue to protect and care for each other now, just as we always have.
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  • Why California Republicans are at odds with Trump over L.A. wildfire aid
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    California Republicans are pushing back against suggestions by President Donald Trump, House Speaker Mike Johnson and other Republicans that federal disaster aid for victims of wildfires that ravaged Southern California should come with strings attached, possibly jeopardizing the presidents policy agenda in a deeply divided Congress at the outset of his second term.With Trump planning to visit the fire-ravaged state this week, resistance from even a few House members to his efforts to put conditions on disaster aid could further complicate an already fraught relationship between reliably liberal California and the second Trump administration.Several Republicans who narrowly won California House seats in November have expressed dismay that the state relief could be hitched to demands in exchange for helping the thousands of Californians in their districts still reeling from this months disaster.Playing politics with peoples livelihoods is unacceptable and a slap in the face to the Southern California wildfire victims and to our brave first responders, Republican Rep. Young Kim, whose closely divided district is anchored in fire-prone Orange County, southeast of Los Angeles, said in a statement.In an interview aired Wednesday night, Trump said he may withhold aid to California until the state adjusts how it manages its scarce water resources. He falsely claimed that Californias fish conservation efforts in the northern part of the state are responsible for fire hydrants running dry in urban areas.I dont think we should give California anything until they let the water run down, Trump told Fox News Sean Hannity.Local officials have said the conservation efforts for the delta smelt had nothing to do with the hydrants running dry as firefighters tried to contain blazes around Los Angeles. They said intense demand on a municipal system not designed to battle such blazes was to blame.The wind-driven firestorms wiped out whole neighborhoods of Los Angeles County, left thousands homeless and killed more than two dozen people.Trump said earlier this week that discussions are underway in the White House to bring more water to perennially parched Los Angeles, alluding to rainfall runoff lost to the Pacific and the states vast water storage and delivery system.Los Angeles has massive amounts of water available to it. All they have to do is turn the valve, the president said.California has long been a favorite target of Trump, who also referred to the fires in his inaugural address Monday. In LA, he said, we are watching fires still tragically burn from weeks ago without even a token of defense.Thats going to change.Trump has made no mention of the multinational firefighting force deployed to contend with multiple blazes. Firefighters were gaining ground on the two major fires Wednesday when a third blaze broke out north of Los Angeles and quickly burned through hundreds of acres of dry brush.Johnson, a Louisiana Republican echoing Trumps complaints, has said there are serious problems in how the state is managed. Those include insufficient funding for forestry programs and water storage. He also noted the public dispute between the LA fire chief and City Hall over budget cuts.Johnson said Wednesday that Democratic Gov. Gavin Newsom and Los Angeles Mayor Karen Bass did not prepare the state or the city for what was to come. He particularly cited a 117-million-gallon reservoir left unfilled for nearly a year. Newsom has called for an independent investigation of the reservoir.Bass didnt directly respond to a question about possible conditions on disaster aid, saying in a statement: Our work with our federal partners will be based on direct conversations with them about how we can work together.Some Republicans have suggested that the congressional relief package could become entangled with efforts to raise the nations debt limit and with the House so closely divided, even a few breakaway votes from either party could alter the outcome.That leaves GOP lawmakers from California in a political quandary: whether to forcefully stand up for their home state, often pilloried by the GOP as representing all that is wrong with America, while Republicans in Congress are eager to show a unified front and parlay their November election wins into what Trump has called a new golden age for the nation.Several California representatives agreed that the federal government must guard against the misuse of funds but argued that the money should not be held up or saddled with restrictions not placed on other states after tornadoes and hurricanes.The dilemma played out in social media posts by Republican Rep. Ken Calvert, who narrowly prevailed in November in his swing district east of Los Angeles.Californians are entitled to receive federal disaster assistance in the same manner as all Americans, he wrote on X. But, he quickly added, Some federal policy changes may be needed to expedite rebuilding as well as improve future wildfire prevention. Those kind of policies are not conditions.Republican Rep. Kevin Kiley, whose sprawling district runs from east of Sacramento south to Death Valley, told KCRA-TV in Sacramento last week that Johnsons use of the word conditions was not especially helpful. Speaking at the Capitol Wednesday, he said there is a lot of ambiguity about what constitutes conditions for disaster aid.He said his focus is to make sure the money doesnt get wasted through government inefficiency.We want to make sure the money actually gets to the victims and they can use it to rebuild their homes and to recover, Kiley said.Politicians in Washington have feuded for years over how to restrain the growing wildfire threat across the West. Republicans have long complained that inadequate land management practices have exacerbated damage from wildfires, while Democrats have emphasized the role of climate change and the failure of the federal government to address it.About the only thing they agree on is that the problem persists.Some lawmakers have noted that disaster aid over the years for Johnsons home state of Louisiana did not come with conditions. Democratic leader Hakeem Jeffries called the idea a non-starter.Republican Rep. Doug LaMalfa, whose largely rural district runs from the Sacramento area north to the Oregon border, said he wasnt too concerned about talk of conditions.Everything has conditions, especially the way California wastes money, LaMalfa said. We want to help people and we want to help with that, like weve helped with others. But California is very, very irresponsible.Trump plans to visit the state to see the damage firsthand on Friday. Newsom hasnt said publicly if hell accompany him on his tour.With the fragile GOP majority in the House there are 219 Republicans, 214 Democrats and one vacancy Johnson cannot afford defections on any vote. And it could be several weeks before a fuller accounting of the states recovery needs is ready and a formal request submitted to the White House.Following major natural disasters, the president typically makes supplemental spending requests, as happened after hurricanes Helene and Milton.Congress also could provide more disaster aid to California through legislation. Sen. Lindsey Graham, the Republican chairman of the Senate Budget Committee, said he would work to include disaster aid in a filibuster-proof bill Republicans hope to craft this year that would pay for some of Trumps top policy priorities.Newsom urged Johnson and other congressional leaders to quickly approve assistance for the state, where fires are still burning and strong winds continue to threaten new ones. In an email to supporters from his campaign committee, he warned that Republicans are holding federal aid hostage and said Democrats might be able to peel off a handful of GOP votes to push through an aid package.In times of natural disaster from Hurricane Katrina to Hurricane Helene Americans have always stood together, setting aside politics to extend a helping hand to those in need, the governor wrote. Historically, federal disaster aid has been provided without conditions.Michael R. Blood and Kevin Freking, Associated Press
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  • What to do when you cant escape your old boss on social media
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    There are certain social media rules we can all agree on: Ghosting a conversation is impolite, and replying k to a text is the equivalent of a backhand slap (violent, wrong, and rude). But what about the rest of the rules? When can we really remind someone of our old Venmo request? What happens when someone tries to flirt with you on LinkedIn?Fortunately, terminally online writers Delia Cai and Steffi Cao are here to answer all your digital quandaries, big or small. Welcome to Fast Companys advice column, Posting Playbook. This week, Steffiexplores what to do when a former employer keeps popping up in your feed.I keep seeing social media content from my former employer, where I had such a horrible experience. I dont even follow themit just comes up. What should I do?Felt this question in my soul. Not only are we fighting for our lives to avoid exes, soured friendships, lurking managers, and well-meaning parents on our social media feeds, we have to contend with the fact that companies also have voice-driven social media presences, and in their bid to lock in on the attention economy, we get their content on our feeds. The algorithm has definitely fed me content from a former employer that I absolutely hated working at, and it bums me out every time I get it on my feed. You were just trying to doomscroll, and now you have to relive the memory of an uncomfortable work environment because someone in the social media marketing department is sending out content into the void in their bid to hit their target KPIs.All you can do for this situation is block and mute. Ban all mentions of the company, avoid watching the content of former coworkers who still post the name. Frankly, thats all you can do to draw digital boundaries. Beyond that, you will need to turn inwards, whether thats in the form of a journal, a therapy session, or a night out with friends you made outside of work. A terrible workplace can truly be so mentally and emotionally corrosive, and it sucks to see reminders of a time you felt so defeated or angry for most of your waking hours, but its important to remind yourself of the other aspects of your life that are fulfilling and exciting. You should log off, sure, but its possible that other reminders will crop up, whether its running into the person who made your life miserable IRL, seeing the name of the company when youre managing your investments, or reading a headline about them in the news.The fact is that you can block the mentions, but you still need to deal with the root problem, which is processing whatever happened that made you have such a knee-jerk reaction to glancing upon the company name during your scrolling session. Companies have such an overarching presence in this country, so its important that you are able to make life easier for yourself by doing things that help you heal and serve as a reminder of the wonderful things in your life outside of your previous work. Hopefully you have a job that fulfills you now, hobbies that excite you outside work, or a support system that understands how messed up your old job was. And this is true of seeing any old pain echoed onto new posts. When you see that ex-boyfriend, ex-friend, annoying ex-manager crop up, its important to have something you know you can lean on.Is like-reacting to texts with no response rude?I personally dont like-react to anything except logistics because I do think it feels like a cold reaction (imagining giving someone a thumbs-up when they tell you theyre getting engaged or something), but I dont take it personally when someone does hit me with one. Of course, this has been a social media etiquette question since the heart button was rolled out, but I think weve collectively settled on the golden rule of intent versus impact. Anyone that is over 40 years old? Not rude. Anyone that generally texts with periods? Not rude. Anyone who doesnt have Twitter or TikTok downloaded on their phone? Not rude. Someone who usually types in all lowercase with exclamation points, but their syntax has suddenly changed for this heated conversation? Rude. Someone who saves their contacts with emojis? Rude.
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  • The Brutalist used AI voice editing. Is that such a crime?
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    The Brutalist, a three-and-a-half-hour awards favorite, is a film about human creativity. Ironically, its biggest scandal surrounds artificial intelligence.Brady Corbets epic follows Hungarian Jew Lszl Tth, played by Adrien Brody, as he flees the Nazis and picks up his architecture practice in the United States. Eventually he manages to bring his wife, Erzsbet, played by Felicity Jones, to join him. Both characters frequently speak in Hungarian throughout the film. That dialogue, it turns out, may have been supplemented by an AI speech tool.In an interview with RedShark News, The Brutalists editor, Dvid Jancs, revealed that the film had employed Respeecher, an AI voice editing tool. Cinephiles online blew up, with some even planning to boycott the film. Corbet is now on an oddball apology tour, clarifying just how AI was used by the production. But he shouldnt have to be. The mass freakout fundamentally misunderstands what film editing actually looks like, and how films stay on budget.What is artificial film editing?Jancs is a native Hungarian speaker; he knows how difficult the language is to replicate. Thats true even for Brody, whose mother is in fact a Hungarian refugee. While producers coached Brody and Jones intensively, they used the AI tool Respeecher to insert some of Jancss own pronunciations into the dialogue.In the RedShark interview, Jancs acknowledges how commonplace these types of audio edits are. You can do this in [Avid] Pro Tools yourself, but we had so much dialogue in Hungarian that we really needed to speed up the process otherwise wed still be in post, he said. Thats what the naysayers misunderstand: Film editing is fundamentally artificial. For years, filmmakers have been manipulating dialogue through creative splicing and re-creation. Editing tools have gotten increasingly more sophisticated. Now theyre just labeled with AI.Jancs also said in the interview that generative AI helped create the architectural images featured in the final sequence of the film. Corbet later clarified: Judy Becker and her team did not use AI to create or render any of the buildings. All images were hand-drawn by artists. Remember that The Brutalist, a sprawling cinematic epic of proportions rarely produced in the current film market, was made for a mere $10 million. For reference, the film in which Brody had his breakout, Academy Award-winning role, The Pianist, cost $25 million moreand that was 22 years ago. Hand-drawing all images on The Brutalists budget, even if modulated or inspired by AI, is impressive.But cinephiles online couldnt take it. One viral X post says Jancs is just looking for an excuse to avoid paying visual artists and suggests it amounts to the erasure of a fundamental aspect of . . . acting. Many have said its hypocritical to use AI in a film about the humanity of art; others say Brody should be disqualified from Oscar contention.Whos afraid of the big bad AI?The film industry has a good reason to be fearful of AI. Feature films are being created out of thin air, with no craft behind them. Their quality is still low, but its a daunting sign of whats to come. Some Hollywood studios began collecting body scans of actors, worrying many that extra work would evaporate. Contracts reached in the 2023 Screen Actors Guild-American Federation of Television and Radio Artists and Writers Guild of America strikes both included AI clauses.But this fear of human replacement has turned AI into a technological boogeyman. The words artificial intelligence are enough of a dog whistle to stir outrage. But lets face it: Hollywood can and will adapt to AI, and there may even be some benefits. These critics are merely burying their heads in the sand instead of properly appraising which applications are helpful and which arent.The Brutalist controversy will eventually pass, though the commotion could be a blow to the films Oscar chances. What will linger is this culture of AI hysteria.
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  • How Americas work standards are hurting employees
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    Adam Chandler is a journalist. He was formerly a staff writer atThe Atlanticand his work has appeared in TheNew York Times,The Wall Street Journal,The Washington Post,WIRED, andVox, among many other publications. He is a recurring guest on The History ChannelsThe Food That Built Americaand regularly appears across television and radio, such as on CBS and NPR.Whats the big idea?American work standards are damaging the well-being of employees, as well as the success of companies. Myths about achievement, productivity, and equality are clouding our collective reasoning about what leads to a long and fulfilling life. Fixing job culture has the power to fix Americas social crisis.Below, Adam shares five key insights from his new book,99% Perspiration: A New Working History of the American Way of Life.Listen to the audio versionread by Adam himselfin the Next Big Idea App.1. The American AbracadabraThe Bootstraps Myththe belief that anyone can succeed with hard work and a little moxieis a core tenet of American life. Its visible in culture, policy, and civics. But theres a dark side to this ideal. If you fail to get ahead, it means that you didnt try hard enough. I call this The American Abracadabra.The danger of the abracadabra is that it turns success or failure into a matter of individual character, rather than prompting us to collectively confront the obstacles that have made achieving success so much harder in recent years. To understand what prevents Americans from a prosperous and stable life, we might examine the costs of housing, healthcare, childcare, and college in the U.S. A recent study by the Brookings Institution revealed that an astonishing 44% of Americans hold jobs that qualify as low-wage.2. Everyone benefits from time off,especiallyemployersGenerous time-off policies in the U.S. have long been looked upon with suspicion by bottom-line-minded employers, particularly when compared to Americas peer nations. One result is that American workers log more work hours than nearly all other industrialized countries. They also tend to eschew the breaks to which theyre entitled. According to Pew, roughly half of all U.S. workers avoid using their allotted time off out of fear of seeming disloyal, replaceable, or burdening their coworkers. Interestingly, its higher earners in particular who are the most reluctant to use all their paid time off. Studies have found that at companies with unlimited time-off policies, workers take even fewer days off.Employees who take time off are not only happier and healthier, but also more productive, more creative, and more loyal.Theres a strong case for employers to encourage workers to step away from their desks and take time off. Employees who take time off are not only happier and healthier, but also more productive, more creative, and more loyal. Another big piece of this equation is the high cost of turnover for companies in training and replacing workers, as well as in lost morale. Using data from the Bureau of Labor Statistics in 2019, Gallup put a conservative price tag of $1 trillion on the replacement cost of employees who leave their jobs in the U.S. each year, estimating that The cost of replacing an individual employee can range from one-half to two times the employees annual salary.3. The American work obsession is a civic and social crisisAmericans disproportionately define themselves by their jobs. In a recent Pew survey, an astounding 71% of Americans listed having a job or career they enjoyed as the top measure of what makes for a fulfilling life, more than close friendships, having children, or marriage.Even as we put more of ourselves into workwhether its how we spend our time, construct social circles, or identify ourselveswork does not love us back. A 2023 economic opportunity poll by Gallup found that 39% of Americans believed that they were failing to get ahead despite working hard. That figure was 23% in 2002. Works failure to get us where we want to be is driving resentment, distrust of institutions, xenophobia, and extremism.4. Immigration is critical to the strength and durability of the American economyIn recent years, immigration, legal or otherwise, has been the focus of populist ire and the centerpiece of political campaigns. What they often leave out is that immigrants are 80% more likely to start a business than native-born Americans, whether its a mom-and-pop outfit like a restaurant or gas station, or a huge company like Google, Zoom, or Duolingo. On average, immigrant-founded businesses hire more workers than others.Immigrants are 80% more likely to start a business than native-born Americans.When it comes to government benefits, immigrants pay $1.38 in taxes for every dollar of government benefits they use. Lastly, undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022, far more than many loophole-savvy billionaires or companies on the Fortune 500.5. American income inequality isnt just about moneyIncome inequality has reached dangerous levels. The effect of these disparities has had strange consequences. Between 1970 and 2009, Stanford researchers estimated that the share of families living in middle-income neighborhoods dropped from 65% to 44%. In other words, higher-income households wended their way to wealthier neighborhoods while low-income households went to poorer ones. Back in 1980, you could live in a city with a high level of income inequality, and it didnt necessarily map geographically. The kid of a doctor and the kid of a dockworker were more likely to play ball in the same street and go to the same school.But thats no longer the case. These divergences influence everything in a neighborhood, from crime rate, school quality, social mobility, and its stock of good-paying jobs to the presence of environmental hazards, the likelihood of developing chronic health conditions, and the life expectancies of both old and young. Fortunately, countless people at every level of society are working on bold initiatives to make communities stronger, safer, healthier, and happier.Thisarticleoriginally appeared in Next Big Idea Club magazine and is reprinted with permission.
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  • Smartphones are making people lonely. This app thinks it has the cure
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    Last night, at more than 1,600 restaurants in 325-plus cities around the globe, approximately 20,000 people gathered for dinner with complete strangers. Its what the creator of Timelefta French app that has been arranging impromptu dinner dates among strangers all over the world for the past year and a halfsees as a small but useful contribution to the fight against global loneliness.If you want to meet new people, Timeleft is the perfect way to do it, said cofounder and CEO Maxime Barbier, a 40-year-old French tech entrepreneur.Using technology to bring people together and facilitate friendships comes with a bit of irony, considering the role that technology (especially social media and all manner of delivery apps) has played in weakening social ties and impromptu interactions.But IRL social apps like Timeleft have seen considerable uptakeand investor interest. They include Partiful, the Eventbrite for Gen Z invitation app that raised $20 million in 2022; Posh, the self-proclaimed TikTok for events, which boasts 2 million users and $22 million in recent funding; and 222, which links up users for local events after they take an online personality quiz. In addition, more regional groups, like Californias Groundfloor and Englands Lonely Girls Club, have helped strangers connect in person.Maxime Barbier [Photo: Helene Marie Pambrun/courtesy Timeleft]The ultimate incentive for tech companies has been getting us hooked on the tech, saidErin Peavey, an architect and expert on loneliness and design for social connection. What I love about this suite of apps is this focus on getting people together off the app.[Photo: @lieselfrth/courtesy Timeleft]The evidence of our lack of connection, especially in the U.S., paints a fairly damning picture. One-third of adults over 50 report feeling lonely or isolated. Gen Z has been called the loneliest generation. Many men are in what one researcher calls a friendship recession and lack even a single close friend. Former Surgeon General Vivek Murthy told the nation in 2023 that it faces a loneliness epidemic.The deterioration of in-person interaction, decline in third places for socialization, and rise in loneliness explains in part why fitness groups, from Crossfit to the bevy of running clubs that grew out of the pandemic, became such key parts of many Americans social lives in recent years.Run groups, which started out organically, are now full-fledged, attracting thousands of people in certain cities, said Anthony Vennare of newsletter Fitt Insider. Its really, truly grassroots, organic hanging out.This current wave of social apps also fills that void. And perhaps more importantly, by arranging group events, it allows its users to avoid the feeling of rejection, common to dating apps, that can result from one-on-one interactions, said Peavey.[Photo: courtesy Timeleft]Apps and online networks that set out to cultivate real-world communities arent new. Meetup, a social media platform for hosting and organizing events that launched in 2002, rose to prominence in the early 2010s, hitting 25 million users at its peak, then gradually lost users before being sold to WeWork in 2017. Dating site Bumble launched its own BFF service in 2016 to connect users with friends of the same gender. And fitness apps have created ways for people to connect through physical exercise, like Strava for cyclists.What sets Timeleft, which has garnered significant media attention, and similar apps apart may be their simplicity. Barbier settled on the concept in Lisbon, Portugal, in May 2023 after other ideas for the app didnt pan out, like a way to share bucket lists among friends. The formula was simple: groups work, strangers work, and food is a common denominator. Eliminate pictures and swiping and just get people together.[Photo: @lieselfrth/courtesy Timeleft]Doing one thing well is key, he said; otherwise, even good tech struggles to bring together different people doing different activities at mutually convenient times. And hosting every Wednesday seemed like the right cadence; Barbier found the American idiom hump day amusing.I was talking to a competitor, who was discussing success in terms of daily active users, he said. I thought that was strange, because I dont talk about daily active users. I dont care if people use my app. My end goal is how many participants attend the dinner. The app is only a way to go to the offline thing.Diners purchase a ticket for dinner for $16 (subscriptions for multiple dates are available), then fill out an in-app survey that helps match them and create a group of six. Barbier said groups are arranged to be within 10 years of age and have a balanced mix of males and females, and introverts and extroverts. The algorithm, which last year ingested data from almost half a million diners, also avoids seating a group that all want to talk about politics.On the Tuesday before dinner, users get sent a brief introduction. On Wednesday, diners show up, order, socialize, and pay for their own food. If theyre enjoying the night, they can then move to a second bar location, where different Timeleft groups congregate.The app has received positive reviews from users across the globe, and domestically, from Los Angeles to D.C. Despite starting in Europe, Barbier says New York City is the biggest location for the app, with crowds of 300-plus showing up to the bar events. Now Timeleft boasts 70 full-time employees overseeing operations in 65 countries and 325 cities. One is the chief technology officer, who Barbier met at an early dinner. Roughly 60% of users come back for another dinner the next month.[Photo: @lieselfrth/courtesy Timeleft]People are craving to be seen, to be heard, Barbier said. When you go for a dinner with strangers, you can really talk about everything you want. Strangely enough, no ones gonna really judge you.The money, and social interest, in these apps has led to a number of different strategies for growth. Posh, an app that hosts events, works with event promoters and seeks to attract digital creators and podcasters to host their own events on the platform. Barbier believes Timeleft has space for continued expansiondinners open in India and Vietnam next month. In the coming weeks, it will roll out an in-app messaging tool so that people who hit it off at dinner can connect and arrange additional meetups.I believe Timeleft can make a dent, he said. Every trend, like AI and social media, is making [connection] so hard. But I do believe technology needs to be used to help solve loneliness, because people are so into technology. First, we need to catch them online.
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  • NFL tells New England Patriots that team cant have Bluesky account
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    The NFL directed the New England Patriots to delete the teams Bluesky account, Fred Kirsch, the teams VP of content, said on a January 16 episode of the Patriots Unfiltered podcast.While the team briefly had a Bluesky account, Kirsch said it was taken down because its not an approved social media platform for the NFL yet.Bluesky was founded as a research initiative by Jack Dorsey in 2019 but really emerged as an alternative to Elon Musks X and shot up in popularity after Novembers presidential election. It crossed 25 million users last month, as more and more people seemed to become dismayed with Musks shift to the political right.Still, several sports leagues rely on X for accessing large fan bases, including the NFL, which has an ongoing content partnership with the platform that dates back to 2013. An NFL spokesperson didnt immediately respond to a request for comment.
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  • Trump pardons Silk Road creator Ross Ulbricht
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    President Donald Trump pardoned Ross Ulbricht, the creator of the drug marketplace Silk Road who is revered by many cryptocurrency enthusiasts and Libertarians.I just called the mother of Ross William Ulbright to let her know, Trump wrote in a post on Truth Social,misspelling Ulbrichts name.Ulbricht was sentenced to life in prison without the possibility of parole nearly a decade ago. He had created and operated Silk Road on the dark web, turning it into an international drug marketplace that facilitated more than 1.5 million transactions. A judge at his 2015 sentencing said Ulbricht was the kingpin of a worldwide digital drug-trafficking enterprise.But crypto enthusiasts have long been championing Ulbrichts release. Silk Road was one of the first platforms where people could use Bitcoin to buy and sell goods. And many thought he was given an overly harsh sentence. Trump, who courted cryptocurrency enthusiasts during his presidential campaign, said last year that he would work to free Ulbricht.A website dedicated to Ulbrichts release was updated Wednesday to include a statement attributed to his family: Our immense gratitude to President Trump for giving Ross a second chance and to all those who have supported us throughout the years. From the bottom of our hearts, THANK YOU!
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  • Wisconsin man charged with arson of congressmans office over TikTok ban
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    Prosecutors charged a Wisconsin man who allegedly told police he tried to burn down a congressmans office because he was upset with thefederal TikTok banwith multiple counts on Wednesday, including arson.Fond du Lac County District Attorney Eric Toney filed a complaint against 19-year-old Caiden Stachowicz charging him with felony arson, making terrorist threats, attempted burglary, and property damage. He would face more than 50 years behind bars if convicted on all counts.Stachowicz, of Menasha, was scheduled to make his initial court appearance Wednesday morning. Online court records did not list an attorney for him.According to the complaint, a police officer responded to a fire outside Republican U.S. Rep. Glenn Grothmans Fond du Lac office around 1 a.m. Sunday and saw Stachowicz standing nearby.The officer said that as he worked to put out the flames with his extinguisher, Stachowicz told him that he started the fire because he doesnt like Grothman. The officer handcuffed Stachowicz and took him to the police department. Firefighters and police quickly extinguished the fire, limiting the damage.During an interview at the department, Stachowicz told the officer that he bought gas and matches to start a fire at Grothmans office, according to the complaint. He said that he tried to break into the office so he could start the fire inside but couldnt break the window. He then poured the gas on an electrical box in the back of the building and around the front of the building, lit a match and watched it burn, according to the complaint.He said he wanted to burn the building down because the U.S. government was shutting down TikTok and Grothman voted yes to shutting it down, according to the complaint. Grothman voted for a bill last April that mandated TikToks China-based company, ByteDance, sell its U.S. operation by Sunday.Stachowicz said that he believed the shutdown violated his constitutional rights. He added that in the past he has participated in peaceful protests but no longer believes peace is an option, according to the complaint.Caiden said that it was a government building and wanted to cause disruption and make a point by starting the building on fire, the complaint said. Caiden said he wished the whole building would have burned down.Asked if he hoped people were inside the building, he said no and that he didnt want to hurt anyone and didnt want to harm Grothman himself.TikTok went dark late Saturday, but the platformcame back online hours laterafter then-President-elect Donald Trump said he would try to give ByteDance more time to find a buyer.Trump signed an executive orderMonday after he was inaugurated instructing the U.S. attorney general not to enforce the ban for 75 days.Grothman didnt immediately respond to an Associated Press request for comment on the charges Wednesday.Todd Richmond, Associated Press
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  • How Trump is escalating his campaign against DEI programs
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    U.S. President Donald Trump escalated his campaign against diversity programs on Tuesday by pressuring the private sector to join the initiative and telling government employees in offices administering such programs they would be placed on paid leave.On his first day in office, Trump issued a series of executive orders to end diversity, equity and inclusion programs, which attempt to promote opportunities for women, ethnic minorities, LGBTQ+ people and other traditionally underrepresented groups.Civil rights advocates have argued such programs are necessary to address longstanding inequities and structural racism.In an executive order issued on Tuesday, Trump revoked executive orders dating as far back as 1965 on environmental actions, equal employment opportunities and encouragement to federal contractors to achieve workforce balancing on race, gender and religion.The 1965 order that was revoked was signed by then-President Lyndon Johnson to protect the rights of workers employed by federal contractors and ensure they remained free from discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity or national origin, according to the Labor Department.The Trump executive order seeks to dissuade private companies that receive government contracts from using DEI programs and hiring on the basis of race and sex what the order called illegal DEI discrimination and preferences and asked government agencies to identify private companies that might be subject to civil investigation.As a part of this plan, each agency shall identify up to nine potential civil compliance investigations of publicly traded corporations, large non-profit corporations or associations, foundations with assets of 500 million dollars or more, State and local bar and medical associations, and institutions of higher education with endowments over 1 billion dollars, the order said.Full details on how the Trump administration would enforce civil compliance investigations were not immediately available.The order issued on Tuesday stipulates that federal and private-sector employment preferences for military veterans could continue.The executive order was celebrated by conservative activists and Republican leaders. It was also met with swift condemnation from civil rights leaders.Rev. Al Sharpton, founder and president of the National Action Network, announced on Wednesday the organization and its partners plan to identify two companies in the next 90 days that will be boycotted for abandoning DEI pledges.Basil Smikle Jr., a political strategist and policy adviser, said he was troubled by the Trump administrations assertion that diversity programs were diminishing the importance of individual merit, aptitude, hard work, and determination because it suggested women and people of color lacked merit or qualifications.Theres this clear effort to hinder, if not erode, the political and economic power of people of color and women, Smikle said.What it does is opens up the door for more cronyism, he said.The White House did not immediately respond to a request from Reuters to address criticism from civil rights advocates.Separately, the Trump administration instructed U.S. federal government departments and agencies to dismantle all DEI programs, advising employees of such programs that they would be immediately placed on paid leave.The government should by the end of business on Wednesday inform employees of any government offices or units focused exclusively on DEI that their programs will be shut down and employees placed on leave, the Office of Personnel Management said in a memorandum.Trump also signed a memorandum on Tuesday that ends a Biden administration initiative to promote diversity in the Federal Aviation Administration (FAA), ordering the FAA administrator to immediately stop DEI hiring programs, the White House said.Trump ordered the FAA to conduct a safety review that would replace any employees who fail to demonstrate their competence.President Trump is immediately terminating this illegal and dangerous program and requiring that all FAA hiring be based solely on ensuring the safety of airline passengers and overall job excellence, the White House said in a fact sheet.Daniel Trotta, Bianca Flowers, Kanishka Singh and Andrea Shalal, Reuters
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  • Can cheaper hot dogs and beer save baseball? Why MLB teams are leaning into value menus
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    The days of paying 20 bucks for a beer and hot dog at sports stadiums may be heading into their final inning.The Baltimore Orioles on Wednesday released a value menu of cheaper stadium food and drink prices, joining a growing list of team owners who have created lower-priced options for once-overpriced concessions.The Birdland Value Menu offers 12 stadium favorites at a low price11 of which are $5 dollars and under. At stands where such value prices are offered, a hot dog costs $4 and a beer, $5. Pretzel bites, popcorn, nachos and other concessions are also now discounted to under $5. Elsewhere in the Orioless stadium, beer cost $11 and hot dogs cost anywhere from $4.10 to $8.25, depending on the stand.The average price for a hot dog in all Major League Baseball (MLB) stadiums is $6, and the average price for a beer is $7. And at football games, the average price for this combo is $15, with some stadiums charging as high as $20.Fan aversion to these high prices has caused a rethink of conventional pricing schemes, with value menus trickling into stadiums across all professional sports, while MLB has moved to capitalize on what appears to be a winning strategy.The Atlanta Falcons introduced value pricing in 2017, slashing hot dog prices from $8 to $2. The teams in-stadium transactions rose 30% in the following five years. The new Utah Hockey Club currently offers four different $3 concessions.And in December, the Phoenix Suns announced their own $2 value menu, which included hot dogs, water, fountain soda, a bag of chips, and popcorn.A family of four used to spend $98 on hot dogs/water/popcorn. Now they can enjoy that same meal for $24, Suns owner Mat Ishbia wrote in an X post following the announcement.The Orioless Birdland prices are less cheap than some of their MLB counterparts. The Toronto Blue Jays has offered a cheap Dugout Deals menu for the past five seasons, where a hot dog costs CA$3.49; the Seattle Mariners released a similar value menu in 2022, where most items cost $3.The pricing moves within the sports industry are part of a larger trend. Fast-food restaurants, for instance, have introduced value deals to entice price-conscious consumers back into restaurants as foot traffic has declined.Baseball in declineThe change in menu pricing may be especially needed for baseball teams. For the better half of the last decade, Americas Pastime has lost viewers and attendees. Through the 1970s and into the 1990s, the World Series consistently received more than 30 million viewers. In 2024, there were just 14 millionand that was the highest its been since 2017.The league made rule changes in 2023 to make the game more entertainingsuch as introducing the pitch clock and increasing base sizeand viewership grew again. But the MLB has still frequently been criticized for pricing out fans.In 2024, the average price for a family of four to attend a baseball game was $140and thats only counting ticket prices, not concessions. The prices can also be much higher when a team is doing well. Some reports said World Series single ticket prices averaged almost $4,000.Getting more fans to the stadium means getting more fans to turn on the television. Excellent stadium experiences can lead to increased team loyalties, turning casual viewers into fanatics.Major League Baseball has existed for more than a century. Its survival over the next century may depend on creating the next generation of fanatics who can afford to show up to stadiums and cheer loudly.
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  • Trumps Hawk Tuah-like meme coin moment isnt a betrayalits keeping a promise
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    At some point between his November election win and Mondays inauguration, Donald Trump appears to have drawn inspiration from an unlikely source: Hawk Tuah Girl Haliey Welch.Following in the footsteps of the Talk Tuah podcasterwho launched an overinflated meme coin in December that promptly lost 99% of its valueTrump kicked off his inauguration weekend last Friday by launching a meme coin of his own: $TRUMP. Although it has so far maintained more of its peak value than $HAWK and other predecessors did during their brief market cycles, $TRUMP has proven similarly volatile.Unlike the others, it also opens up an ethical can of worms about whether a world leader with decision-making power over the crypto market should own a tradable asset within that market.Trumps move has been met with a deluge of skepticism and outrage, with perhaps a bit more of it than usual coming from the MAGA side. One reaction nobody can reasonably claim, however, is surprise. Trumps meme coin is in keeping not only with how he campaigned last year but also how he has long conducted himself as a politician and businessman.It was only in 2021 that Trump said Bitcoin seemed like a scam, but he apparently had a change of heart closer to the election. He made hundreds of thousands in 2022 from selling NFTs (non-fungible tokens), which similarly rely on blockchain technology, and his financial disclosure form for last years election revealed somewhere between $1 million and $5 million invested in a virtual Ethereum key. The real turn in his relationship with cryptocurrency came last May, though, when his campaign announced it would accept donations in cryptocurrency as part of a broader effort to assemble a crypto army leading up to Election Day. (Its time for the crypto army to send a message to Washington, Tyler Winklevoss later wrote on X in his endorsement of Trump.)Perhaps the same advisers who steered Trump toward podcasts instead of traditional media as a venue for campaign interviews suggested he would find friendly ground in the crypto space if he pledged support for its growth. Maybe he arrived at that conclusion on his own. Either way, he cemented his status as the Crypto Candidate last July by giving a keynote speech at the Bitcoin Conference in Nashvillethe industrys largest gathering. By that point, hed already collected $4 million in Bitcoin donations for his campaign.During a nearly 50-minute speech at the conference, Trump pledged to create a strategic national Bitcoin stockpile, and make the U.S. the crypto capital of the planet. He also took pains to contrast his crypto support with the Biden administrations heavy regulation of the industry, promising to fire Securities and Exchange Commission Chair Gary Gensler. (Following the November election, Gensler announced he would be stepping down from the role.)Now, after successfully courting the crypto community throughout the election, Trump appears to be reaping the benefits.He announced the Trump coin online last Friday during the Crypto Ball in Washington, D.C., hosted by his newly appointed crypto czar, the billionaire and podcaster David Sacks. My NEW Official Trump Meme is HERE! the president wrote on X. Its time to celebrate everything we stand for: WINNING! Join my very special Trump Community. GET YOUR $TRUMP NOW. Go to http://gettrumpmemes.com Have Fun! The fun began at the low, low price of nearly $6.50 and rose to a high of $74.59 on Sunday. A day later, its value had plummeted to around $40, where it remains at the time of this writing. The coins market cap, according to CoinMarketCap, is currently $8.6 billion.Trump wasnt the only member of the first family to launch a meme coin over the weekend, though. First Lady Melania Trump announced hers on Sunday, and its trajectory has been similarly volatile. (The pastor who delivered the benediction after Trumps swearing-in ceremony on Monday has also reportedly launched a meme coin, though it hasnt exactly reached the same heights.)On brand as alwaysLest anyone suggest the meme coin was a last-second effort to capitalize on his electoral victory as a private citizen before taking office, Trump has continued to promote it as recently as his second night back in the White House.Based on the value Trumps coin accrued, some supporters must have been excited about itbeyond the opportunity for speculative investment. Others on the right have voiced concerns. Sports founder Dave Portnoy, who endorsed Trump, posed the following question on X: Whats the difference between the Hawk Tuah coin and the Trump coin besides nothing? Meanwhile, Michael A. Gayed, a market analyst with a popular Substack, wrote on X that the meme coin made me lose a lot of respect for our coming president. And in an interview with The Atlantic, prominent crypto investor Nic Carter complained that Trumps meme coin exposed the worst parts of the crypto industry to the public eye in a way that really didnt need to happen, right when we were on the cusp of legitimacy.While their grievances are merited, Trumps supporters in this space would be nave to expect Trump would advocate for only the most above-board aspects of crypto, whatever those may be. It would also be ahistorical to expect hed restrict that support to mere advocacy.Trump is notorious for leveraging his brand to enrich himself in ways that could charitably be called questionable, from both a moral and legal standpoint. Immediately after winning the presidency in 2016, he paid $25 million to settle a class action lawsuit alleging deceptive practices within his Trump University. Earlier, during his run on The Apprentice, he made millions endorsing multilevel marketing outfit ACN, and featuring it on the show. (A show, it should be noted, about making savvy business moves.) Trump and his children would later be sued for fraud over their involvement. Though the ACN fraud case was dismissed just last year, a judge threw it out on jurisdictional grounds, rather than the substance of the allegations. Trumps interest in MLMs didnt end with ACN, either; he also lent his name to one called Ideal Health in the aughts, turning it into the Trump Network.During his first term, in 2019, a New York judge ordered Trump to pay $2 million in damages for funneling millions raised from charitable donations into his 2016 presidential campaign. Because Trump had demonstrably abuse[d] charities for personal gain, New York Attorney General Letitia James ordered The Trump Foundation to cease operations. Years later, while running for office again, Trump used campaign donations to cover his vast legal expenses.What reason would anyone have to expect Trump to usher in a new era of deregulated freedom for crypto, and not explore it himself?To answer Portnoys earlier question, one difference between the Hawk Tuah coin and Trumps is that Haliey Welch built her brand from spark-plug folksiness and relatability, which may be why some fans felt betrayed that she would lend her celebrity to a scammy-sounding tech play.Trump, however, has spent much of his career exploiting loopholes to amass wealth and power, and boasting about it. A scammy-sounding tech play isnt betraying his brandit is his brand.The other difference between the two is that Welch is currently in hot water with the SEC over her meme coin, while Trump gets to decide who runs the SEC.
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  • Procter & Gamble considers price hikes to offset possible Trump tariffs
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    U.S. consumer goods maker Procter & Gamble will again look to hike prices on its household basics such as Tide detergent if President Donald Trump imposes new tariffs that increase the cost of imports, an executive said Wednesday.Whatever the administration decides to do, we will be able to deal with, P&G chief financial officer Andre Schulten said on a call with reporters following quarterly earnings. He added the company will first try to offset possible tariffs by cutting costs.And what we cant offset with productivity, it might result in incremental pricing, Schulten added.P&Gs sales volumes rose in the quarter ended Dec. 31, while the company kept prices flat across its global portfolio of dish soaps, laundry detergents and toilet papers.The company, viewed by investors as a top operator in the cut-throat consumer products industry, buys inputs like chemicals, razor blades and small electronics from around the world and manufactures the final product closer to consumers in local factories.P&G has frequently hiked prices over the last several years as it faced escalating costs on fuel and labor. Trumps proposed round of new tariffs which could first target Mexico and Canada could further add to those costs.I think its still a risk, said Michael Ashley Schulman, chief investment officer at P&G investor Running Point Capital. Its a little hard to quantify, how much of that tariff they can pass through to consumers.Over the last four years the company has overhauled its razor blade supply chain for its Gillette brand, a move that could cushion its margins under new tariffs. P&G competitor Edgewell also told Reuters earlier this year it was looking to lock in Chinese chemical supply for its sunscreens ahead of possible tariffs.Schulten said P&G also had formulation flexibility, meaning it can adjust the ingredients in its products if they became too expensive or unavailable due to tariffs.P&G, grappling with a supply chain crisis after the COVID-19 pandemic, invested $6 billion in U.S. manufacturing in the last six years, Schulten added.Jessica DiNapoli, Reuters
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  • How Davos leaders are responding to Trumps DEI crackdown
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    President Donald Trumps escalating pressure on the private sector to ditch diversity programs has left some in Davos searching for new words to describe workplace practices they say are essential to their businesses.Trump has issued a series of executive orders cutting federal diversity, equity, and inclusion (DEI) programs, which attempt to promote opportunities for women, ethnic minorities, LGBTQ+ people, and other traditionally underrepresented groups.He has also sought to dissuade private companies that receive government contracts from factoring underrepresentation into hiring decisions.Trumps moves on DEI have reverberated through the corridors of the World Economic Forums annual meeting in Davos, where gender parity, diverse workforces, and better representation of minorities around the world continue to be key goals.While tech companies Meta and Amazon, which hold U.S. government contracts, say they are scaling back some initiatives, other executives at Davos told Reuters they will remain, if by another name.Theres a lot of talk and a lot of maybe even controversy around the names of things, said Miguel Stilwell dAndrade, CEO of Portugals largest utility company EDP, which has 40% of its investments focused on renewable energy in the U.S.The important thing is we want to have the best talent in the company, from wherever it may be, men, women, different ethnicities, and we want to make sure that people . . . have the best working conditions and feel comfortable, he said.Were not working for DEI tick the box, Stilwell added.Other policymakers and executives said the acronym DEI had become damaging, even as they doubled down on their commitment to diversity.It became toxic, as has ESG [environmental, social, and governance initiatives], and there are some wrong reasons for that and there are some right reasons for that, Lutfey Siddiqi, special envoy of the head of the interim government of Bangladesh, said on a panel about gender parity.But Im more interested in what is effective, how do we get to the result as opposed to the label, Siddiqi added.DEI initiatives were introduced by many companies and governments around the world to address historical inequities in the workforce. While some gains have been made in recent years, gender parity has not been reached in any country.Proponents warn that continued rollbacks may endanger recent advances.Tech contractsReuters spoke with at least three tech executives whose companies have contracts with the U.S. government. They said they remained committed to diversity programs in the workplace.Although the risk of losing contracts because of Trumps executive orders would force them to look for new ways to describe DEI initiatives, they would not cut them entirely.One European tech company executive, who spoke on condition of anonymity, told Reuters that it would not be rowing back on its commitment to inclusion and diversity.For many years we have worked to shape a more sustainable, equitable world. Its rooted in our company culture, the person said. The world is diverse and employee base reflects that diversity. It is one of the keys to great innovation and is good for business.Not all in Davos share that sentiment.Alexandr Wang, CEO of high-profile startup Scale AI, cheered Trumps executive orders in a post on X and called for the promotion of MEI (merit, excellence, and intelligence) in tech.Nikki Haley, former U.S. ambassador to the United Nations, also welcomed what she said was a retreat from DEI.In every business, you are starting to see pulling back from DEI and I welcome that, I think its really important, Haley told a panel on the sidelines of the WEF meeting.What were seeing in America, everybody just wants to be Americans. They dont want to be a label. They dont feel like they can take it anymore, Haley added.One European industrial company with a large U.S. footprint said it would continue with its diversity and inclusion programs because they were important to the business as well as society.We will stick to our values of tolerance and respect; inclusion is important, a board member told Reuters.Companies need to stay the course of the agenda in terms of values and policies, and thats what were doing, the board member added. You want diverse opinions in the room and you want every opinion to have a similar weight. You want to move away from group think, especially when the pace of change is so rapid.Money flowsInvestment in diversity is also unlikely to dry up because of Trumps moves, said bankers at Davos.For the investors of this world, ESG criteriaof which DEI is a partare very important and will continue to be very important, said Bain & Co.s Alexander Schmitz, who heads up the firms private equity practice in Europe, the Middle East, and Africa.When I look at it from a higher level, the overarching, mega themes of ESG investing are still there: I havent seen much rolling back of that as yet, Schmitz said. If you are a private equity fund and start rolling back DEI strategies, thenamong other effectsyou will likely have a problem in fundraising and thats not where you want to be.Bank of America CEO Brian Moynihan described diversity as having commercial logic, noting, Theres going to be a lot of good, courageous conversations going on. Do we have the thoughtful balance right in companies and institutions? . . . Do we have the balance right that everybody feels included?By Krystal Hu, Elisa Martinuzzi, Marwa Rashad, Lananh Nguyen, Echo Wang, and Divya Chowdhury; writing by Leela de Kretser, Reuters
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  • Why Big Oil isnt happy with Trumps climate withdrawal
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    U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy.The position reflects a rare note of discord between Trump and Big Oil, one of his most important constituencies and long considered the top villain behind climate change for pumping and selling the fossil fuels driving planetary warming.Removing the United States from the Paris climate deal for the second time was among a flurry of first-day moves by Trump aimed at pumping up already record high domestic energy production, sending a signal to the rest of the world the U.S. will no longer engage in multilateral efforts to combat climate change.He called the decade-old pact to limit global warming a rip off that puts the U.S. at a competitive disadvantage to China.Big U.S. oil companies, however, believe the withdrawal only limits Washingtons ability to influence an ongoing global energy transition and exposes them to an uneven regulatory environment, according to Reuters interviews with industry representatives.Marty Durbin, president of the U.S. Chamber of Commerces Global Energy Institute representing U.S. energy companies, said its members would have preferred Trump keep the U.S. involved in the pact.While we prefer that the U.S. government remain engaged in the UN climate process, the private sector is committed to developing the solutions necessary to meet the energy needs of a growing global economy while addressing the climate challenge, he said.Bethany Williams, a spokesperson for the American Petroleum Institute whose members include Exxon Mobil and Chevron said the group has long supported the ambitions of the Paris Agreement.Exxons CEO Darren Woods had made an early plea to the newly-elected president at the COP29 climate summit in Azerbaijan in November to keep the U.S. in the Paris pact, saying the cycle of exiting and re-entering the agreement would create long-term policy uncertainty for companies.Exxon and other big oil companies are planning long-term investments in technologies intended to fight climate change, including green hydrogen and carbon capture, while also navigating decisions about new oil and gas exploration.Exxon and Occidental did not respond to requests for comment. Chevron and ConocoPhillips declined to comment.Asked about the Paris withdrawal order, the president of the American Exploration and Production Council (AXPC), representing U.S. independent drillers, said it was important for U.S. industry to be part of the global climate discussion.Its critical that any conversation about addressing climate change must be global in nature, and also recognize that America is the world leader in both energy production and emissions reductions, said AXPC CEO Anne Bradbury.A shift in the U.S. power industry away from coal has contributed to a roughly 17% decline in U.S. carbon dioxide emissions since 2007, according to government data.Climate liability risk specialist Wynne Lawrence of insurance law firm Clyde & Co said policy volatility around international climate participation puts U.S. companies at risk.The U.S. withdrawal from the Paris Climate Agreement will increase regulatory ambiguity, creating increased complexity and, potentially, lead to legal disputes as companies deal with the resulting uncertainty around transition strategies across multinational groups and supply chains, said Lawrence.In recent years, oil majors had begun sending executives to annual UN climate conferences, where they touted investments in clean energy projects and cuts in the operating emissions.Frank Maisano, senior principal at law firm Bracewell, which represents energy industry clients, said it makes little sense to give up a seat at the table.U.S. industries in all sectors continue to invest in new technologies and innovations that are driving the global energy transition in a way that reduces emissions and protects our economy, he said. We should be shouting that success story from every rooftop and in every venue.Valerie Volcovici and Sheila Dang, Reuters
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  • Amazon closes all Quebec warehouses, cutting 1,700 jobs
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    E-commerce giant Amazon.com is exiting its operations in Quebec, leading to the loss of about 1,700 full-time jobs, a company spokesperson said on Wednesday.The online retailer will phase out operations across seven sites in the province the only location in Canada with unionized Amazon employees over the next two months.It will return to a third-party delivery model, relying on local small businesses, similar to its approach before 2020.Following a recent review of our Quebec operations, weve seen that returning to a third-party delivery model will allow us to provide even more savings to our customers, Amazon spokesperson Barbara Agrait said.The move will also affect approximately 250 seasonal workers. Amazon will offer affected employees a package including up to 14 weeks pay and transitional benefits such as job placement resources, Agrait added.In May, Amazon warehouse workers represented by the Canadian labor union Confdration des syndicats nationaux (CSN) unionized, citing dissatisfaction with wages and inadequate health and safety measures at the facilities.The CSN, which represents 300 workers at the site north of Montreal, said in a statement on Wednesday that Amazons decision made no business sense and directly targets the companys only unionized warehouse in Canada.The workers were in the process of negotiating their first collective agreement.There is no doubt that the closings announced today are part of an anti-union campaign against CSN and Amazon employees, said CSN president Caroline Senneville in a French-language statement.This move contradicts the provisions of the Quebec Labour Code, which we will strongly oppose, Senneville added, without providing immediate specifics.Deborah Sophia and Allison Lampert, Reuters
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  • Why Starbucks new restroom policy is getting mixed reactions
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    Starbucks decision torestrict its restroomsto paying customers has flushed out a wider problem: a patchwork of restroom policies that has left Americans confused and divided overwho gets to usethe loo and when.Rules about restroom access in restaurantsvary by state, city and county. New York requires restroom access for customers at food establishments with 20 or more seats. California requires larger restaurants to provide restrooms for customers and guests, but only if they were built after 1984. In Chicago, restaurants dont need to have restrooms for customers unless they serve liquor.Its so mish-mash, said Steven Soifer, the co-founder and treasurer of the American Restroom Association, which advocates for clean, safe and well-designed public toilets. If (a retailer) is serving food and drink, its a health hazard if there isnt a public bathroom.Starbucks opened the can, so to speak, when it said last week it was reversinga 7-year-old policythat invited anyone to hang out in its stores or use the restroom, regardless of whether they bought anything. Starbucks new code of conduct, which will be posted in all company-owned North American stores, also bans discrimination or harassment, consumption of outside alcohol, smoking, vaping,drug useand asking strangers for money.Reaction to the coffee chains rule change forpotty privilegeswas heated and divided. Many said Starbucks had the right to restrict restroom access to paying customers.I do think its up to Starbucks to set the atmosphere in their stores, Paul Skinner, 76, a retired firefighter in Daytona Beach, Florida, told The Associated Press. If theyve decided that their paying customers are going to be better served by limiting restroom access, it doesnt make me mad. Im not going to stop going there.But Skinner said he also doesnt mind when homeless people occasionally visit his local Starbucks, and he sometimes offers to buy them breakfast.I think about all the people who dont have housing who would love to wander into a Starbucks and get warm, he said. Now theres one more place they arent welcome.Other patrons lamented the change and said it didnt reflect Starbucks often-stated goal of being a welcoming, community-oriented coffeehouse.Norman Bauman, 81, a semi-retired science writer in New York, said he stopped going to his local Starbucks to read, meet people and maybe buy a coffee when the store hung an Employees Only sign on its sole restroom.I used to sit in a coffee shop once or twice a week and read my science journals. I always wondered how they could survive with customers like me, Bauman said.Social media posts ran the gamut. Some said the change was overdue, and that Starbucks open-door policy had invited trouble and left fewer seats available for paying customers. But others criticized the company, saying the new policy made them much less likely to patronize Starbucks.Starbuckssaid its new code of conduct matched those of other big retailers. The Associated Press reached out to several other restaurant chains to ask about their restroom policies, includingMcDonaldsand the parent companies ofDunkin, Burger King and KFC. None responded.But the National Retail Federation said businesses have a right to set limits on restroom use.Stores and restaurants are private property, and these establishments have a right to enforce certain conduct in compliance with local, state and federal laws and regulations that ensures the health and safety of the customers they serve and the people they employ, the federation said in a statement.Starbucks stressed this week that the code of conduct is meant to end disruptive behavior.We know there will be times when a customer needs to use the restroom before theyve made a purchase, or maybe uses the restroom and then decides against making a purchase, and of course that is OK, Starbucks spokeswoman Jaci Anderson said.Starbucks also said it will comply with any local laws requiring bathroom access for non-customers. But thats where things get murky.Most states and the District of Columbia follow the International Plumbing Code, which sets minimum regulations for plumbing systems. The code says businesses must make toilet facilities available to customers, patrons and visitors, said Soifer, who is an adjunct professor at the Adelphi University School of Social Work in addition to his duties at the American Restroom Association.But Andrew Rudansky, a spokesman for New Yorks Department of Buildings, said the International Code Council, which developed the plumbing code, has published separate commentary making clear that restrooms are intended for people involved with the activities of the establishment and not just passersby.Other states and cities use the Uniform Plumbing Code or the National Standard Plumbing Code as the basis for their regulations. Those codes also refer to restrooms as being for customers.But Soifer said even the term customer is ambiguous.If I walk into a Starbucks and Im thinking of ordering something but Im not sure, am I a customer? Sure, he said. A homeless person may also be a customer, he pointed out, but might be discouraged from using the restroom.To add to the confusion, at least 20 states have passed versions of theRestroom Access Act, which requires retailers to let people with certain medical conditions, like Crohns disease, use their restrooms, even if those restrooms are usually reserved for employees.The wider issue, Soifer said, is a lack ofpublic restroom facilitiesin the U.S. If there were more public facilities, he said, there would be less pressure on retailers like Starbucks.The number one complaint tourists have about visiting the U.S. is, Where are your public toilets? he said. Dee-Ann Durbin, AP business writer
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  • Content to commerce: MeatEaters path to $100 million success
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    Steven Rinella is a busy man. As the founder and on-air face of MeatEater, a weekly reality-TV show, he oversees an ever-expanding empire of content and commerce focused on an outdoor lifestyle. But Rinella, the businessman, is not too busy to be Rinella, the outdoorsman.My wife reminds me now and then, you should be very careful who you complain to,' Rinella tells Fast Company. I have no real problems to report when it comes to outdoor time.Even during years when hes spent as many nights on the road as home in Bozeman, Montana, with his family, Rinella still makes time each spring to go fishing in Alaska and, every October, for a youth-only deer hunting event in Montana, which no opportunity in the world would pull him away from.But for the better part of two decades, Rinella has been seemingly everywhere doing everything. Hes written 15 books, created 12 seasons of the MeatEater TV show, and recorded scores of podcast episodes and videos, all of which has helped MeatEater, the media company, amass millions of loyal fans and more than $100 million in annual revenue.While legacy media companies are struggling, MeatEater is thriving. Led by podcasting, its most profitable asset, the company posted nearly 40% top-line revenue growth in its media division in 2024. MeatEater is also turning a profit with products that cater to the tens of millions of American hunters and anglers who spend about $150 billion annually. The company employs nearly 130 people spread across offices in Montana, Idaho, Oregon, and Washington State. And this past year, MeatEater opened a flagship store near its Bozeman headquarters.Finding the content sweet spotSome upcoming MeatEater projects are just as exciting for Rinella and will keep him just as busy. The year kicks off with a new TV show, Hunting History with Steven Rinella, that premieres January 28 on the History Channel. In the eight-episode series, Rinella hunts down some of the most beguiling mysteries that occurred in the wild, bringing his unique perspective to challenge past assumptions and reexamine what might have happened.[Photo: Will Warasila/A+E Networks]The show perfectly blends Rinellas interests, and he suspects it will resonate with longtime fans as well as viewers whove never picked up a fishing pole or a hunting rifle. We always try to find that sweet spot where that world of the outdoors merges with great stories.The key is to hook people on the beauty of wild places. The 50-year-old has found that, with everything he does, hes having two very different conversations simultaneously.In one, Rinella is sharing his love of the outdoors with like-minded people, wanting to help them fill out their knowledge base and deepen their relationship with the natural world. In the other conversation, Rinella is speaking with people who are uneasy in the outdoors, and he strives to show them that a beautiful, rewarding lifestyle awaits.A content-to-commerce successNewcomers to the Rinellaverse will find plenty to sink their teeth into, with MeatEaters massive catalogue spanning videos, TV shows, podcasts, and books. Viewers, listeners, and readers often become fans and then customers, and MeatEater has beefed up its line of products to keep them sated.The company has found success in a content-to-commerce model by highlighting products the MeatEater team uses and loves. In 2019, MeatEater acquired First Lite, a popular line of technical hunting apparel. It has since expanded its products umbrella acquiring FHF Gear, Phelps Game Calls, and Dave Smith Decoys.These brands are a natural extension of the MeatEater universe, Rinella says. He credits CEO Jason Bergsman with having the foresight to identify that content-to-commerce opportunity early on.Before taking the helm at MeatEater, Bergsman was a founding member of the Chernin Group, an investment firm that poured $50 million into MeatEater in its early days. Hes sat on the board since Rinella founded the company in 2018.[Bergsman] was very forcefulpleasantly forcefulin pushing us to think of the commerce business as a business in and of itself, Rinella says. Weve been able to do that really successfully lately without, in any way, compromising the integrity of the products we put out, so thats been really exciting.MeatEater leaders are optimistic about launching a couple more owned-and-operated stores in the coming year based on the early success of its flagship. There, shoppers can find company-owned brands heavily showcased, in addition to books and products from other brands it owns plus offerings from select partners.Its a pretty well-rounded shopping experience and really kind of gathers the whole portfolio of what MeatEater is all about in the store, Rinella says. Bergsman adds that in the future, fans can expect to find more MeatEater products elsewhere, including at Scheels, a chain of sporting-goods stores with locations in 16 states.History: A real franchise playThis year marks a more coordinated focus on American history across MeatEaters various tentacles. Its a real franchise play, says Bergsman.History has long been an interest of Rinellas. In his 2006 debut book, The Scavengers Guide to Haute Cuisine, he chronicled a yearlong quest to live off the land re-creating recipes from Auguste Escoffiers 1903 magnus opus, Le Guide Culinaire.Now, other history-focused projects on the docket include two audiobooks, live events at three universities in Montana and Wyoming, an American history-focused version of the MeatEater trivia board game, and at least a couple new podcasts. One, focused on the history of the American West, set to launch this spring, reunites Rinella with someone influential to his career: Dan Flores, a professor emeritus of American History and a New York Times best-selling author.How I approach my interest was really shaped by the time I spent studying under [Flores] at the University of Montana, says Rinella, who completed an MFA in creative writing there after a stint as a professional trapper and fur trader. Its really cool for me.More kid-focused projects in the worksThese types of full-circle moments seem to happen frequently. For instance, Rinella landed on the name MeatEater because, while working on the original TV show in its early days, he was spending his evenings reading books about animals to his then-toddler and noticed how often any variety of critters were described as meat-eaters.The word spoke to me, he says. The word brings to mind a certain survival sensibility, a certain tenacity, self-sufficiency.[Images: Random House]All these years and two more kids later, Rinella is now introducing MeatEater to younger generations. Two of his most-recent booksCatch a Crayfish, Count the Stars and Outdoor Kids in an Inside Worldlanded on the New York Times Best Seller list, and MeatEater has created a handful of podcasts for kids that were well-received. More programming and product lines that encourage kids to get outside are in the works, Rinella says.A 2024 survey of 9,000 MeatEater fans confirms that such business moves make sense: The majority of respondents were parents of children under age 10, and a whopping 94% of these parents said they consume MeatEater content as a family.Even if MeatEater remains his passion, keeping his family in focus is as important for Rinella, who says he now prefers to be in the wilds with kidsbe it his or his buddiesrather than alone. Im just at that point in life; so long as Im getting outside with them, Im pretty happy.
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  • TikTok, we mean business: MrBeast is bidding for the beleaguered app
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    Okay fine, Ill buy TikTok so it doesnt get banned, MrBeast posted on X on January 13. Turns out, he wasnt kidding. Jimmy Donaldson, known to his 347 million YouTube subscribers as MrBeast, has officially joined a bid to acquire TikToks U.S. operations.Days after his initial X post, Donaldson shared a TikTok video again teasing his interest in acquiring TikTok. I just got out of a meeting with a bunch of billionaires, he said. TikTok, we mean business.True to his word, MrBeast has indeed teamed up with Employer.com CEO Jesse Tinsley and other investors, submitting an all-cash bid for TikTok, according to a report in Bloomberg.The U.S. law firm Paul Hastings confirmed MrBeasts TikTok bid in a statement on Tuesday, revealing that Tinsley is spearheading the investor group. The group reportedly includes institutional investors and high-net-worth individuals, with MrBeast being the only publicly named member.The statement didnt disclose the size of the all-cash bid, though former president Donald Trump estimated TikToks value at $1 trillion on the same day. Forbes previously named Donaldson the worlds highest-earning internet creator of 2023, with a staggering $85 million in earnings.It remains unclear whether ByteDance, TikToks parent company, is seriously considering the offer, Bloomberg reported. Meanwhile, other big names like Elon Musk, Oracle, and billionaire Frank McCourt are also rumored to be potential buyers.TikTok briefly went dark on Saturday. Less than 24 hours later it was back. Former President Donald Trump, now back in office, signed an executive order on Monday allowing the app to continue U.S. operationsfor now. The move delays any potential ban for 75 days but doesnt offer a permanent solution.ByteDance again faces two options: Sell the U.S. operations to a buyer or hope for an improbable legislative reversal. For TikTok, the clock is ticking once again.
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  • ByteDance releases new AI reasoning model in a bid to challenge OpenAI
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    TikTok owner ByteDance on Wednesday released an update to its flagship AI model aimed at challenging Microsoft-backed OpenAIs latest reasoning model products, as a global race intensified to create AI models capable of tackling complex problems.The company released Doubao-1.5-pro, an upgrade to its flagship AI model, which it claims outperforms OpenAIs o1 in AIME, a benchmark test that measures how well AI models understand and respond to complex instructions.ByteDances release comes after Chinese AI startup DeepSeek rolled out an open-source reasoning model called DeepSeek-R1 on Monday that it said rivaled OpenAIs o1 on several performance benchmarks.DeepSeek drew widespread attention in global AI circles last month after tests showed its V3 large language model outperformed those of OpenAI and Meta, despite a smaller development budget and plans to charge users a lot less.The developments in AI reasoning by ByteDance, DeepSeek and others is likely to challenge the market share of OpenAI and other large language models in terms of both performance metrics and fees charged to users.Other Chinese firms that have unveiled their own reasoning models in the past weeks include Moonshot AI, Minimax and iFlyTek.OpenAI triggered the race in AI development after it launched ChatGPT in November 2022 and its Strawberry series of AI reasoning models in September last year. The latter are capable of reasoning through complex tasks and solving more challenging problems than previous models in science, coding and math.Last week, OpenAI CEO Sam Altman said they had finalized a version of its new reasoning AI model o3 mini, and would be launching it in a couple of weeks.DeepSeek proposed a cut-price fee offering for accessing and using DeepSeek-R1, at 16 yuan ($2.20) per million tokens, considerably less than OpenAIs o1 438 yuan for the same usage.ByteDances pricing is even more aggressive. Doubao-1.5-pro-32k costs 2 yuan per million tokens for output, while its more powerful Doubao-1.5-pro-256k version is priced at 9 yuan, according to ByteDances cloud platform Volcano Engine.($1 = 7.2798 Chinese yuan renminbi)Liam Mo and Brenda Goh, Reuters
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  • Trumps meme coin sparks backlash in the crypto industry
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    President Donald Trumps goodwill in the cryptocurrency industry has taken a hit after he and his wife launched meme coins a move critics say looks like an unseemly cash grab that undermines an effort to legitimize digital assets.The industry, which felt unfairly targeted by the Biden administration and spent heavily to help Trump win, is eager for the new presidents help to make crypto a bigger part of mainstream financial systems. Trump has promised a lighter regulatory touch and picked pro-crypto officials for key government positions.The price of bitcoin and other digital assets has soared since Trump won. A lavish Crypto Ball Friday ahead of Trumps inauguration sold tickets for thousands of dollars and featured a performance by the rapper Snoop Dogg.But as that party was ongoing, Trump announced on social media he was offering his very own cryptocurrency in the form of a meme coin. The move dampened the mood for many in the crypto community.I really was kind of bummed out when I saw it, said Tom Schmidt, a partner at a crypto venture capital firm Dragonfly. It just felt very grifty and cheap.Some crypto fans even joked on social media they missed Gary Gensler, the recently departed chairman of the Securities and Exchange Commission who was viewed as the Biden administrations chief crypto antagonist thanks to the SECs aggressive enforcement actions against crypto companies.Meme coins are among the wilder and more unregulated corners of the crypto universe. They often start as a joke with no real value but can surge in price if enough people are willing to buy them. Popular meme coins include Dogecoin, whose mascot is a dog, and Fartcoin. Scammers have tried to pump up the price of certain meme coins before dumping them on unsavvy investors.Some crypto enthusiasts hailed the Trump meme coins release and eager buyers drove up the price of the coin to above $70 each. The price fell dramatically on Sunday after First Lady Melania Trump announced the launch of her own meme coin, which also saw an initial price spike followed by a large fall. As of Tuesday afternoon, Trumps meme coin was trading at about $45 while the Melania meme coin was at about $4.Trump named SEC Commissioner Mark Uyeda as the agencys acting chief Tuesday and Uyeda quickly announced he was launching a new crypto task force to set the SEC on a sensible regulatory path. Trump has promised to create a U.S. bitcoin stockpile and enact industry-friendly rules that make it easier for crypto companies to access the broader financial market.But by associating himself so closely with meme coins, some crypto fans worry that Trump hurts his ability to enact reforms.Now, on the cusp of getting some liberalization of crypto regulations in this country, the main thing people are thinking about crypto is, Oh, its just a casino for these meme coins,' said Nic Carter, a Trump supporter and partner at the crypto investment firm Castle Island Ventures. It does the opposite of validating us, it makes it look completely unserious.The sale of Trump meme coins was organized by CIC Digital, an affiliate of the Trump Organization. In promoting the meme coin, Trump told supporters to Have Fun! The website selling the tokens says they are meant as expressions of support and not an investment opportunity. The coins website said 200 million Trump meme coins are currently available, with plans to issue 1 billion over the next three years.The Trump family business recently released an ethics agreement that prohibits Trump from day-to-day decision making at the Trump Organization when hes president and limits financial information about the business shared with him.The president and first lady were not the only ones promoting new cryptocurrencies around the inauguration. Lorenzo Sewell, the Michigan pastor who gave a spirited inaugural invocation Monday, announced the launch of a new coin named after him, which he said would be used to benefit his church.I need you to do me a favor right now, I need to you to go buy the official Lorenzo Sewell coin, Sewell said in a video post on social media.Alan Suderman, AP Business Writer
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  • Johnson & Johnson ketamine-derived nasal spray gets FDA approval for depression, but JNJ stock dips on earnings
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    On Tuesday, the Food and Drug Administration (FDA) approved Johnson & Johnsons nasal spray, Spravato (esketamine), to treat major depressive disorder.Oral antidepressants are the most common treatment for depression, but they dont work for everyone. Those who have tried at least two treatment options and have seen little improvement, or sometimes worsening mental health, are classified as having treatment-resistant depression. Around 21 million American adults have depression symptoms, and some estimates say of those, about a third (30.9%) dont respond to treatment.Treatment-resistant depression can be very complicated, especially for patients who do not respond to oral antidepressants or cannot tolerate them, said Bill Martin, Ph.D., Global Therapeutic Area Head, Neuroscience, Johnson & Johnson Innovative Medicine in Tuesdays announcement. For too long, healthcare providers have had few options to offer patients much-needed symptom improvement. Spravato is now available as a stand-alone treatment, meaning patients may experience improvements in depressive symptoms as early as 24 hours and at 28 dayswithout the need for daily oral antidepressants.Spravato, which is derived from ketamine, is not a new drugit first came on the market in 2019. The spray was previously approved as a companion treatment to an oral antidepressant, as well as a treatment for those experiencing thoughts of suicide or self-harm. But Tuesdays clearance makes the spray the first stand-alone therapy for treatment-resistant depression.The spray works differently than oral antidepressants. According to Johns Hopkins Medicine, while oral antidepressants can take weeks to take effect, Spravato patients can feel the drugs impact within hours. Because the treatment can come with side effects, including sedation, drowsiness, and disassociation, patients need to be treated in a doctors office or hospital setting and remain in the clinic until the side effects have passed.The nasal spray has been administered to more than 140,000 patients to date, and researchers say the results have been overwhelmingly positive. For more than six years, Ive seen firsthand the real-world impact Spravato can have on patients lives, said Gregory Mattingly, M.D., President, Midwest Research Group and Founding Partner, St. Charles Psychiatric Associates in the announcement.In 2023, the FDA warned of potential risks associated with ketamine treatments. Known safety concerns associated with the use of ketamine products include abuse and misuse, psychiatric events, increases in blood pressure, respiratory depression (slowed breathing), and lower urinary tract and bladder symptoms, it said at the time.Despite the approval, Johnson & Johnsons stock (JNJ) dipped Wednesday after the companys quarterly earnings release. Johnson & Johnson beat analyst expectations for revenue by $70 million, but highlighted possible negative impacts in its outlook from an ongoing talc lawsuit and slower medical device sales.
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  • Trumps order targets fossil fuels in Alaskas Arctic National Wildlife Refuge
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    President Donald Trumps expansive executive order aimed at boosting oil and gas drilling, mining, and logging in Alaska is being cheered by state political leaders who see new fossil fuel development as critical to Alaskas economic future and criticized by environmental groups that see the proposals as worrying in the face of a warming climate.The order, signed on Trumps first day in office Monday, is consistent with a wish list submitted by Alaska Republican Gov. Mike Dunleavy shortly after Trumps election. It seeks, among other things, to open to oil and gas drilling an area of the pristine Arctic National Wildlife Refuge considered sacred to the Indigenous Gwichin, undo limits imposed by the Biden administration on drilling activity in the National Petroleum Reserve-Alaska on the North Slope and reverse restrictions on logging and road-building in a temperate rainforest that provides habitat for wolves, bears and salmon.In many ways, the order seeks to revert to policies that were in place during Trumps first term.But Trump just cant wave a magic wand and make these things happen, said Cooper Freeman, Alaska director at the Center for Biological Diversity. Environmental laws and rules must be followed in attempts to unravel existing policies, and legal challenges to Trumps plans are virtually certain, he said.Were ready and looking forward to the fight of our lives to keep Alaska great, wild and abundant, Freeman said.Whats planned for the Arctic National Wildlife Refuge?The order seeks to reverse a Biden administration decision canceling seven leases issued as part of the first-ever oil and gas lease sale in the refuges coastal plain. Major oil companies didnt participate in the sale, held in early 2021 in the waning days of Trumps first term. The leases went to a state corporation. Two small companies that also won leases in that sale had earlier given them up.Trumps order calls for the Interior secretary to initiate additional leasing and issue all permits and easements necessary for oil and gas exploration and development to occur. Gwichin leaders oppose drilling on the coastal plain, citing its importance to a caribou herd they rely upon. Leaders of the Iupiaq community of Kaktovik, which is within the refuge, support drilling and have expressed hope their voices will be heard in the Trump administration after being frustrated by former President Joe Biden.This comes weeks after a second lease sale, mandated by a 2017 federal law, yielded no bids. The law required that two lease sales be offered by the end of 2024. The state earlier this month sued the Interior Department and federal officials, alleging among other things that the terms of the recent sale were too restrictive.What do Alaska political leaders say?Alaska leaders cheered Trumps order, which was titled, Unleashing Alaskas Extraordinary Resource Potential.It is morning again in Alaska, Republican U.S. Sen. Dan Sullivan declared.President Trump delivered on his first day in office! Dunleavy said on social media. This is why elections matter.Alaska has a history of fighting perceived overreach by the federal government that affects the states ability to develop its natural resources. State leaders complained during the Biden administration that efforts to further develop oil, gas, and minerals were being unfairly hampered, though they also scored a major win with the approval in 2023 of a large oil project known as Willow in the National Petroleum Reserve-Alaska. Environmentalists are fighting that approval in court.Dunleavy has repeatedly argued that development of Alaskas vast resources are critical for its future, and hes billed the underground storage of carbon and carbon offset programs as a way to diversify revenues while continuing to develop oil, gas, and coal and pursue timber programs.The state faces economic challenges: oil production, long its lifeblood, is a fraction of what it once was, in part due to aging fields, and for more than a decade, more people have left Alaska than have moved here.What happens now?Aaron Weiss, deputy director of the conservation group Center for Western Priorities, called Trumps order an everything, everywhere, all-at-once order that seeks to undo measures that in some cases it took the Biden administration years to enact.The length of time it would take the Interior Department to accomplish everything in that executive order is at least one terms worth, maybe two. And even then, you would need the science on your side when it all comes back. And we know in the case of Alaska specifically, the science is not on the side of unlimited drilling, he said, pointing to climate concerns and the warming Arctic.Communities have experienced the impacts of climate change, including thinning sea ice, coastal erosion, and thawing permafrost that undermines infrastructure.Erik Grafe, an attorney with the group Earthjustice, called the Arctic the worst place to be expanding oil and gas development. No place is good because we need to be contracting and moving to a green economy and addressing the climate crisis.Becky Bohrer, Associated Press
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  • Trump orders all federal DEI staff to be put on leave
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    President Donald Trumps administration moved Tuesday to end affirmative action in federal contracting and directed that all federal diversity, equity, and inclusion staff be put on paid leave and eventually be laid off.The moves follow an executive order Trump signed on his first day ordering a sweeping dismantling of the federal governments diversity and inclusion programs that could touch on everything from antibias training to funding for minority farmers and homeowners. Trump has called the programs discrimination and insisted on restoring strictly merit-based hiring.The executive order on affirmative action revokes an order issued by President Lyndon Johnson, and curtails DEI programs by federal contractors and grant recipients. Its using one of the key tools utilized by the Biden administration to promote DEI programs across the private sectorpushing their use by federal contractorsto now eradicate them.The Office of Personnel Management in a Tuesday memo directed agencies to place DEI office staffers on paid leave by 5 p.m. Wednesday and take down all public DEI-focused web pages by the same deadline. Several federal departments had removed the web pages even before the memorandum. Agencies must also cancel any DEI-related training and end any related contracts, and federal workers are being asked to report to Trumps Office of Personnel Management if they suspect any DEI-related program has been renamed to obfuscate its purpose within 10 days or face adverse consequences.By Thursday, federal agencies are directed to compile a list of federal DEI offices and workers as of Election Day. By next Friday, they are expected to develop a plan to execute a reduction-in-force action against those federal workers.The memo was first reported by CBS News.The move comes after Mondays executive order accused former President Joe Biden of forcing discrimination programs into virtually all aspects of the federal government through diversity, equity and inclusion programs, known as DEI.That step is the first salvo in an aggressive campaign to upend DEI efforts nationwide, including leveraging the Justice Department and other agencies to investigate private companies pursuing training and hiring practices that conservative critics consider discriminatory against nonminority groups such as white men.The executive order picks up where Trumps first administration left off: One of Trumps final acts during his first term was an executive order banning federal agency contractors and recipients of federal funding from conducting antibias training that addressed concepts like systemic racism. Biden promptly rescinded that order on his first day in office and issued a pair of executive ordersnow rescindedoutlining a plan to promote DEI throughout the federal government.While many changes may take months or even years to implement, Trumps new anti-DEI agenda is more aggressive than his first and comes amid far more amenable terrain in the corporate world. Prominent companies from Walmart to Facebook have already scaled back or ended some of their diversity practices in response to Trumps election and conservative-backed lawsuits against them.Heres a look at some of the policies and programs that Trump will aim to dismantle:Diversity offices, training, and accountabilityTrumps order will immediately gut Bidens wide-ranging effort to embed diversity and inclusion practices in the federal workforce, the nations largest at about 2.4 million people.Biden had mandated all agencies to develop a diversity plan, issue yearly progress reports, and contribute data for a government-wide dashboard to track demographic trends in hiring and promotions. The administration also set up a Chief Diversity Officers Council to oversee the implementation of the DEI plan. The government released its first DEI progress report in 2022 that included demographic data for the federal workforce, which is about 60% white and 55% male overall, and more than 75% white and more than 60% male at the senior executive level.Trumps executive order will toss out equity plans developed by federal agencies and terminate any roles or offices dedicated to promoting diversity. It will include eliminating initiatives such as DEI-related training or diversity goals in performance reviews.Federal grant and benefits programsTrumps order paves the way for an aggressive but bureaucratically complicated overhaul of billions of dollars in federal spending that conservative activists claim unfairly carve out preference for racial minorities and women.The order does not specify which programs it will target but mandates a government-wide review to ensure that contracts and grants are compliant with the Trump administrations anti-DEI stance. It also proposes that the federal government settle ongoing lawsuits against federal programs that benefit historically underserved communities, including some that date back decades.Trumps executive order is a seismic shift and a complete change in the focus and direction of the federal government, said Dan Lennington, deputy council for the conservative Wisconsin Institute for Law & Liberty, which has pursued several lawsuits against federal programs. The institute recently released an influential report listing dozens of programs the Trump administration should consider dismantling, such as credits for minority farmers or emergency relief assistance for majority-Black neighborhoods.He acknowledged that unwinding some entrenched programs may be difficult. For example, the Treasury Department implements housing and other assistance programs through block grants to states that have their own methods for implementing diversity criteria.Pay equity and hiring practicesIts not clear whether the Trump administration will target every initiative that stemmed from Bidens DEI executive order.For example, the Biden administration banned federal agencies from asking about an applicants salary history when setting compensation, a practice many civil rights activists say perpetuates pay disparities for women and people of color.It took three years for the Biden administration to issue the final regulations, and Trump would have to embark on a similar rulemaking process, including a notice and comment period, to rescind it, said Chiraag Bains, former deputy director of the White House Domestic Policy Council under Biden and now a nonresident senior fellow with Brookings Metro.Noreen Farrell, executive director of gender rights group Equal Rights Advocates, said that she was hopeful that the Trump administration will not go out of its way to undo the rule, which she said has proved popular in some state and cities that have enacted similar policies.And Bidens DEI plan encompassed some initiatives with bipartisan support, said Bains. For example, he tasked the Chief Diversity Officers Executive Council with expanding federal employment opportunities for those with criminal records. That initiative stems from the Fair Chance Act, which Trump signed into law in 2019 and bans federal agencies and contractors from asking about an applicants criminal history before a conditional job offer is made.Bains said thats what Bidens DEI policies were about: ensuring that the federal government was structured to include historically marginalized communities, not institute reverse discrimination against white men.Despite the sweeping language of Trumps order, Farrell said, the reality of implementing such massive structural changes is far more complex.Federal agencies have deeply embedded policies and procedures that cant simply be switched off overnight, she added.Alexandra Olson and Zeke Miller, Associated Press
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  • These are the 20 best places to work in 2025, according to employees
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    Job review platform Glassdoor has complied its annual lists of the best places to work in 2025, including a list of the top 100 large employers and the top 50 small and medium-size employers in the United States.To create the list, Glassdoor drew from employee ratings and reviews submitted between October 2023 and October 2024 and looked at a mix of the quantity, quality, and consistency of reviews.The list of the best places to work for large (1000-plus employees) U.S. companies features 23 in the San Francisco Bay Area, seven in Washington, D.C., and six in New York City.Tech companies lead (26 companies), followed by healthcare and finance (nine each), with biotech and pharmaceutical companies (eight) next.Here are the top 10 companies from the list and their average rating:Bain & Company: 4.6Crew Carwash: 4.6In-N-Out Burger: 4.5Nvidia: 4.5Eli Lilly and Company: 4.5Microsoft: 4.5eXp Realty: 4.5The Church of Jesus Christ of Latter-day Saints: 4.5RLI: 4.5MathWorks: 4.4The list of best places to work for small and medium-size (under 1,000 employees) U.S. companies features 70% newcomers this year. The top four industries represented are tech (10 companies), healthcare (seven), construction, repair, and maintenance (six), and real estate (five companies).Here are the top 10 and their average rating:Parry Labs: 4.6Victors Home Solutions: 4.5Syndax Pharmaceuticals: 4.5GlideFast: 4.5Grow Therapy: 4.5Schellman: 4.5Life.Church: 4.5Saber Building Services: 4.5Everlight Solar: 4.4Planful: 4.4
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  • 5 things to know about the Paris climate agreement
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    The 2015 Paris climate agreement is not the boogeyman that punishes the United States that critics such as President Donald Trump claim. But it hasnt quite kept the world from overheating either.The Paris agreement is a mostly voluntary climate pact originally written in ways that would both try to reduce warming and withstand the changing political winds in the United States.In his first hours in office, Trump started the year-long process to withdraw from the pact. Its the second time hes done it then-President Joe Biden had the U.S. rejoin on his second day in office.Once the withdrawal takes effect next year the United States joins Iran, Libya and Yemen as the only United Nations countries that are not part of the agreement.The U.S. withdrawal, while expected, triggered heavy reactions from around the world. Thats because the United States is historically responsible for the largest share of heat-trapping gases in the atmosphere, has been a leader in international climate negotiations and is the worlds largest producer of the fossil fuels that cause the problem in the first place.When the agreement was signed Dec. 12, 2014, then-President Barack Obama called it the best chance to save the one planet we have.What is the Paris Agreement?The main goal is to keep long-term global temperatures from warming 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial times and if not that well below 2 degrees Celsius (3.6 degrees) by slashing planet-warming emissions from coal, oil and gas.The Paris Agreement is a framework, not a stand alone solution, said Mohamed Adow, founder of PowerShift Africa and a veteran climate negotiations observer. Tackling climate change is not a pass-or-fail scenario. The Paris Agreement was never a solution itself, just a structure for countries to take action. And in large part that is what countries are doing.It is a pact that is part of the United Nations Framework Convention on Climate Change, which started in 1992 with the Rio Earth Summit. Technically, the Paris agreement itself is not a treaty so its adoption by America did not require U.S. Senate approval.Is it mandatory?It works as a binding but voluntary program. Every five years countries are required to submit a goal or plan for what it will do about heat-trapping emissions of carbon dioxide, methane and other gases. And those goals called National Determined Contributions or NDCs are supposed to be more ambitious every five years, said Cambridge University climate negotiations historian Joanna Depledge.The latest five-year pledges are due next month. Biden submitted a plan for the United States last month to reduce emissions as much as two-thirds by 2035 compared to 2005 levels. Countries can make their emissions targets less ambitious.The countries themselves decide what its in those goals with no punishment for countries missing goals, Depledge said.Every two years, countries have to report how much greenhouse gases they emit.The pact also says that rich countries, such as the United States, need to help poor countries decarbonize their economies, adapt to the impacts of climate change, and most recently be responsible in some ways for damage done by climate change.Last year international negotiations set a goal of rich nations contributing $300 billion a year to help poor nations with climate change. The United States disputes that the $300 billion goal is legally binding, Depledge said.How much does it cost the U.S.?No industrialized country is assigned a portion of the $300 billion.Historically, the United States has been criticized for providing less than its share of the global financial climate aid, given the United States history as a major climate polluter and it being the worlds largest economic power.Formally, there is no agreement on how much the U.S. should provide. However, our work on Fair Shares based on U.S. historical emissions and ability to pay finds that the U.S. contribution should be $44.6 billion per year, Mercy Corps climate lead Debbie Hillier said in an email.Last year, Biden announced that the U.S. climate aid to poor nations was up to $11 billion a year.How did it come to be?The 1998 Kyoto Protocol which Al Gore and the Clinton Administration helped forge called for mandatory emission cuts and was rejected by non-binding votes in the U.S. Senate. Then George W. Bush withdrew America from the deal.That eventually led to an agreement being fashioned in Paris in a way that didnt need U.S. Senate approval and was not mandatory. A bilateral agreement between the United States and China in 2014 paved the way for the agreement in Paris.One of the main reasons that countries are not legally required to actually meet the emissions reduction pledges they put forward under the Paris Agreement is because the Obama administration indicated that with the increased political polarization around climate change over the two decades following the Rio Earth Summit, obtaining 67 votes in support of the agreement in the U.S. Senate would have been challenging, said veteran climate analyst Alden Meyer of the European think-tank E3G.Has it worked?Last year Earth temporarily passed the primary Paris 1.5 degree threshold, said several of the global monitoring groups. And while the 1.5 degree goal is about a 20-year average, the overwhelming majority of scientists say the world is likely to eventually breach the 1.5 mark for good. The long-term warming is now 1.3 degrees (2.3 degrees Fahrenheit) above pre-industrial times.In 2015, Climate Action Tracker, a group of scientists, said the world was on path to 3.6 degrees Celsius (6.5 degrees Fahrenheit) of warming since pre-industrial times. Now the same group has the world on path for 2.7 degrees Celsius (4.9 degrees Fahrenheit).Experts call it a partial success, saying negotiators in Paris never figured that the agreement alone would be sufficient.Mercy Corps Hillier said that while reduced warming projections are far from sufficient, it is shows that the collective commitments under the Paris Agreement have made a difference.What does U.S. withdrawal mean?Once withdrawn, the U.S. can attend negotiations, but not be part of decision making.Theres little direct impact on domestic U.S. climate policy, but the decision may undermine U.S. credibility in climate diplomacy, likely reducing its influence in global environmental policy, said Scott Segal, a Washington lawyer who represents energy interests, including fossil fuel companies.Several experts say the United States will lose out on a trillion dollar plus renewable energy boom, leaving other countries like China to rule the green economy.The world is more likely to warm slightly more, said Climate Analytics and scientist CEO Bill Hare. The more the world warms the faster we will experience more extreme weather events such as flooding, extreme hurricanes, fire, weather, drought, and heat. The U.S. will not be exempt from such events.Science writer Seth Borenstein covered the 2015 Paris Agreement live. Follow him on X at @borenbearsRead more of APs climate coverage at http://www.apnews.com/climate-and-environmentThe Associated Press climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find APs standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.Seth Borenstein, AP Science Writer
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  • Trump knows the fastest way to dismantle America is to just delete it
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    Visit Whitehouse.gov today, and youll be greeted with a full-bleed video of President Donald Trump stepping back into the White House as fighter jets fly overhead. When it ends, youre left with a big photo of Trump smiling and pointing toward some unseen fans with big text: America is back! Neat. Theres just one little thing missing: The U.S. Constitution web pagewhich, as Redditors have noted, is now a 404 error.Intentional or not, the moment is a symbol of Trumps new world order thats been realized overnightnot in our cities and towns just yetbut across some of the most important spaces in the online world.[Screenshot: whitehouse.gov]The deletion of digital resourcesTrump is preternaturally attuned to the power of his digital reach. In the hours after taking office, he deactivated the core functionality of the CBP One app. This is an app introduced under President Joe Biden giving undocumented migrants the ability to legally seek asylum in the U.S. These people could use the app to sign up for orderly appointments at border crossing checkpoints. Under Trump, you can still download the app, but it no longer takes appointments, and all existing appointments have been canceled. This update appears on the U.S. Customs and Border Protection website, a digital action made years faster than the presidents border wall can be built.[Screenshots: CBP One]The new administration has also abruptly deactivated reproductiverights.gov. Again, this is a Biden administration initiative taken after the Supreme Courts decision in Dobbs v. Jackson Womens Health Organization in June 2022 essentially overturned Roe v. Wade. The site offered legal, plain language resources on rights to emergency care, contraceptives, and abortion. Today, this site is simply gone. Load it in your browser and you get a black screen, as if the domain never existed. The Internet Archive is the only place you can see it.[Screenshot: reproductiverights.gov]And beyond the elimination of the Constitution on the White House website, the administration has also deleted the White Houses Spanish version along with its Spanish X account, in what seems like an intentional snub to the Latinx community.Any marginalized group throughout history will tell you that erasure is far from a new phenomenon. But the scale and speed at which its happening now has been supercharged by light speed communications and despots that have architected our digital world. These moves cut far deeper than Trump superficially issuing an executive order to rename the tallest peak in the U.S. from Denali back to Mount McKinley, or calling the Gulf of Mexico the Gulf of America. When the internet is our lived environment, Trump is significantly reshaping our infrastructure with electronic swiftness.By contrast, the erasure of physical spaces is often lengthy and difficult. It requires all sorts of ordinances quietly passed to shift laws that will eventually break concrete. The historic redlining and reconstruction of thriving immigrant neighborhoodslike those in Los Angeles, San Francisco, Detroit, and Miamirequired years of bureaucratic malevolence, followed by high-dollar investments and physical manpower to demolish and rebuild these spaces anew.The modern version, enacted online, is shrewd in its instantaneousness. No one is pretending the decision is simply about building a highway anymore. Organize the right mob, light the right match, strike the right key, and its just gone. All thats left are the survivors who insist, really, something great was here.The flex of social medias political power brokersThis phenomenonthe mass terraforming of our digital spacesis not simply the work of Trump, but of the other power brokers in his orbit, too. On X this week, many users have been welcomed by posts at the top of their feeds showing Elon Musk basking in attention from the adoring crowd at a post-inauguration rally. On Facebook, Meta founder Mark Zuckerberg popped into user timelines alongside spouse Priscilla Chan saying hes optimistic and celebrating [flag emoji].These social media moments are more than political victory laps; theyre portraits of deeper decisions at play. Any user of X can attest to its shifting right-wing agenda since Musk took over Twitter and rebranded it. Zuckerberg announced the elimination of fact-checking across his platforms after taking a cultural pulse post-election, arguing, We try to have policies that reflect mainstream discourse. Since the inauguration, many Meta users have found that the algorithm suggests accounts for Trump and Vice President JD Vance, while some even noted the service had temporarily blocked the ability to search some democratic hashtags.We have fewrights on Facebook, Instagram, or X. We sign them away in countless pages of terms and conditions when we agree to converse in the spaces of major corporations. And so when these corporations want favor with Trump, of course the algorithm will project Trumps vision of America as the status quo. Mainstream social media is now a vast propaganda machine, while legacy media is maligned. The digital world is shouting harmful, hateful fictions and that are, through sheer numerical dominance, becoming our reality.In an environment constructed upon vendettas and fictions, its difficult to see a productive way forward that honors veracity, that cares for the people who require our care most. There are no checks and balances in a world that can be deleted with a keystroke. But its worth noting that this supreme digital power is also a massive design flaw: The malleability of the digital record will always be sand shifting under our feetjust ask TikTok, which dodged its own grazed bullet last week.If our previous reality could disappear on little more than a resentful whim, then this hateful empire can, too. Control is never a permanent state.
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  • These young conservatives want the GOP to take climate actionbut it doesnt look like youd expect
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    For most environmentalists, the day Donald Trump got elected president in November was a dark day. But there was one small, overlooked corner of the movement that celebrated. In a statement congratulating Trump on his victory, the leaders of the American Conservation Coalition saw a chance to bring an America-first climate strategy to fruition. Now, we will build a new era of American industry and win the clean energy arms race, they wrote.The Washington, D.C.-based nonprofit was founded in 2017 by college students who wanted to prove that there was a conservative case for climate action. Since then, its evolved from a group on the rights fringes into a political force. The American Conservation Coalition has wide grassroots support, with some 60,000 members in branches around the country and connections all over Congress. Trumps second term will be a test of how strong its influence has become.I think theres a golden opportunity right now for Republicans to shift the environment from a left-wing issue that Republicans lose on to a conservative issue that they can win on, said Chris Barnard, the organizations president. And by the end of this administration, that is what we hope to achieve, and hope to have real, tangible progress and solutions that point back to that show that.The group has extensive ties to Trumps Cabinet nominees, according to Barnard. Liberty Energys CEO Chris Wright, nominated for secretary of energy, is a personal friend to the American Conservation Coalition, or ACC, and recently hosted a fundraiser for the coalition. Former North Dakota Governor Doug Burgum, Trumps nominee to lead the Interior Department, led a town hall in New Hampshire with Barnard during his six-month presidential run in 2023; Lee Zeldin, Trumps pick to run the Environmental Protection Agency, has worked on various issues with the ACC.If thats the yardstickhelping Republicans get engaged on climatetheyve been a resounding success, said Matthew Burgess, an environmental economist at the University of Wyoming who studies how to depolarize climate change. In his estimation, the Republican Party has perceptibly shifted its stance on climate change, moving away from outright denial in recent years. Whatever movement theres been on the Republican side, the ACC is probably easily the single most important advocacy group on that.You wouldnt mistake the American Conservation Coalitions platform for one found on a progressive climate groups website. The top three priorities are unleashing nuclear energy, reforming the permitting process to make it easier to build new energy projects, and beating China by leading the world in all-of-the-above energy production. That includes more oil and gas development, in line with Trumps energy dominance agenda. In his first week, Trump is expected to push to undo President Joe Bidens limits on offshore drilling and federal lands, roll back emissions standards for vehicles, and end a freeze on new projects to export liquefied natural gas.Our approach will always be distinct from the approach of a progressive group, because its guided by conservative principles like innovation and deregulation and empowering individuals and local communities, said Danielle Butcher Franz, the CEO of the ACC. But that doesnt necessarily mean that were not on the same page about the severity of these issues. Butcher Franz says that tackling climate change effectively means that both conservatives and progressives need to change their approach. Conservatives could be a lot bolder in the solutions they propose, she said: They oftentimes have a reputation for being the party of no and just striking down the things that they dont like. Progressives, on the other hand, could work harder to find common ground. There are a lot of self-imposed litmus tests where if you dont agree on everything, youre not [seen as] worth working with, Butcher Franz said. She said shes seen potential partnerships with other climate groups collapse over a single area of difference, like support for fossil fuel production.For some progressives, the ACCs Republican ties are the problem. I think people often try to hold us accountable for the views of high-profile Republicans that people dont like, Butcher Franz said. She gets asked questions like, Well, President Trump has said that climate change is a hoax, so how can Republicans possibly make progress on this? But thats the wrong starting place, she said. I think the better question is, Does somebody need to be bought into a progressive climate agenda to reduce emissions? And I would argue that, no, they dont.The groups approach creates a pairing of ideas that are rarely seen side by side. Enough alarmism. Enough inaction, a slogan on the ACCs site reads.Those feelings may be reflected by much of the country, regardless of political affiliation: 80% of Americans say that climate news makes them feel frustrated that theres so much political disagreement over the problem, according to a recent survey by Pew Research Center.The interesting thing about the ACC is, I think a lot of what they say, if you look at polls, is pretty close to what the median voter is saying about climate change, Burgess said. You know, Its real, doing something is much better than doing nothing, and renewables and nuclear are good and we should be prioritizing them, but we dont want to get off fossil fuels, and particularly natural gas, in the short term, especially insofar as it hurts our economy.When the ACC began in 2017, talking about climate change with Republican politicians who had long shied away from the subjector simply denied it existedwasnt easy. In the early days, we were all volunteers who were just trying to chase each opportunity that presented itself, said Stephen Perkins, now the coalitions COO. It was tough back then to even say climate or environment in conservative spaces. We found it difficult to get those meetings and to have those conversations with elected officials or with other leaders within the conservative movement.But as early as 2019, partway through Trumps first term, some of this resistance started to fade. Trumps EPA administrator, Andrew Wheeler, signed a memorandum of understanding with the ACC to find ways to get young environmental leaders involved in the agencys programs. In 2020, Barnard and Benji Backer, the ACCs founder, went on a hike with Senator John Curtis, who was in the House of Representatives at the time, in his home state of Utah. The conversation sparked the idea for the Conservative Climate Caucus, started by Curtis as a safe place for House Republicans to talk to each other about climate change. It now has more than 80 members, who have been more willing to support green technology than other Republicans, if still generally opposed to measures to curtail greenhouse gas emissions directly. As these changes unfolded, the American Conservation Coalitions base grew. In 2021, Perkins was hired to build grassroots support for the group, which had about 5,000 members at the time. Across the country, through outreach and advertising, they now have 60,000 members, mostly college students and young professionals who are right-of-center, Perkins said. The goal is to reach 100,000 members by the end of 2025.A lot of our members are in government offices, Perkins said. In fact, its really hard for us now to walk into a member of Congress office without someone in the front room knowing about ACC because they were involved in college. According to Eli Lehrer, president of the R Street Institute, a center-right think tank, the ACCs grassroots support is crucial to its success. They have an impact in D.C., because they have an impact around the country, he said. So they both can mobilize people locally, and that gives them a way to talk about the same issues in D.C.Over the last two years, the American Conservation Coalition reached the national stage. In August 2023, the Republican primary debate included a question from a college student, one of the groups members, about how the presidential candidates would calm fears that their party didnt care about climate change. Even as the candidates deflected, some young conservatives saw it as progress that the topic even came up. The ACC also sponsored the Republican National Convention last July and had a booth there for the first time, with Trumps former chief of staff, Reince Priebus, speaking at their reception.These are just signs that the narrative is changing, and that conservatives or Republicans are seeing that theres an opportunity for them to engage that is authentically conservative, Barnard said. They dont feel like they have to leave their values at the door when talking about this stuff.However, Barnard says hes more concerned with achieving practical results than getting Republican politicians to say the right thing. If they pass a bill to boost nuclear power and clean energy, but its for economic reasons or national security reasons rather than climate reasons, its still a win, he said: We need to focus a lot more on what actually works than what sounds good, and on tangible progress than on litmus tests that just further polarize both sides.This article originally appeared in Grist, a nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future. Sign up for its newsletter here.
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