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| Presented By JPMorgan Chase & Co. |
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| Axios AM |
| By Mike Allen ·Mar 24, 2021 |
| 🐪 Good Wednesday morning. Smart Brevity™ count: 983 words ... < 4 minutes. 📚 Please join Kim Hart and Erica Pandey tomorrow at 12:30 p.m. ET for an Axios Virtual Event on the safe return to in-person learning, featuring Rep. Bobby Scott (D-Va.) and California State Superintendent of Public Instruction Tony Thurmond. Sign up here. |
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| 1 big thing ... Biden's New Deal: Re-engineering America, quickly |
| President Biden speaks about the Colorado shootings in the State Dining Room yesterday. Photo: Mandel Ngan/AFP via Getty Images President Biden recently held an undisclosed East Room session with historians that included discussion of how big is too big — and how fast is too fast — to jam through once-in-a-lifetime historic changes to America. - Why it matters ... The historians' views were very much in sync with his own: It is time to go even bigger and faster than anyone expected. If that means chucking the filibuster and bipartisanship, so be it.
Four things are pushing Biden to jam through what could amount to a $5 trillion-plus overhaul of America, and vast changes to voting, immigration and inequality. - He has full party control of Congress, and a short window to go big.
- He has party activists egging him on.
- He has strong gathering economic winds at his back.
- And he's popular in polls.
Presidential historian Michael Beschloss told me FDR and LBJ may turn out to be the past century's closest analogues for the Biden era, "in terms of transforming the country in important ways in a short time." - Beschloss said the parallels include the New Deal economic relief that Franklin Roosevelt brought in 1933, which saved the country from the Depression and chaos.
- And Biden is on track to leave the country in a different place, as Lyndon Johnson did with his Great Society programs.
People close to Biden tell us he's feeling bullish on what he can accomplish, and is fully prepared to support the dashing of the Senate's filibuster rule to allow Democrats to pass voting rights and other trophy legislation for his party. - He loves the growing narrative that he's bolder and bigger-thinking than President Obama.
- This temptation to go even bigger, Senate Republican Leader Mitch McConnell insists, will create such a fissure between the parties that he compared it this week to "nuclear winter."
But I'm told Biden won't hesitate. Just as he passed the $1.9 trillion COVID rescue package with zero Republican votes and zero regrets, his team sees little chance he's going to be able to rewire the government in his image if he plays by the rules of bringing in at least 10 Republicans. - He won't rub their noses in it, I'm told. That'll be the Biden touch to rolling the opposition — and getting that much closer to the status of latter-day FDR.
- Biden's list includes: rural broadband expansion, which would be transformative for those communities ... make child tax credit permanent ... landmark legislation on climate, guns, voting.
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| 2. Biden crosses fingers on gun control |
| Photo: Leah Millis/Reuters This was President Biden's response when a reporter asked, during a stop in Columbus, whether he has the political capital to deliver on his demand that Congress tighten gun laws after the past week's violence. The 10 who lost their lives at the King Soopers grocery in Boulder ranged in age from 20 to 65. - They included three store employees, a police officer, a magazine photographer and a Medicare agent who met her life partner when they both had lead roles in "The Glass Menagerie" 30 years ago.
What we know about the victims. |
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| 3. Remote revolution spreads beyond tech |
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| Illustration: Eniola Odetunde/Axios |
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| At first, it was just the Silicon Valley tech giants embracing remote work forever. Now, firms in other industries are jumping on board, Axios' Erica Pandey reports. - Ford is offering permanent telework as an option to all of its white-collar workers who are able to complete the tasks of their jobs remotely. That's about 30,000 (16%) of its 186,000 employees.
- Ford is the largest non-tech employer to double down on remote work.
Some of the companies that were quick to support telework are now calling workers back to the office. - Microsoft is inviting 57,000 employees back to HQ in Redmond, Wash., although they can choose to continue working from home.
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| A message from JPMorgan Chase & Co. |
| The future of work is about skills – not just degrees |
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Early career and lateral recruiting efforts are often focused on talent with a university degree. - But only 32% of eligible Americans are obtaining a 4-year degree.
JPMorgan Chase is committed to helping create opportunity for diverse talent that are often left out of the traditional pipeline. |
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| 4. Rise of "workcation" |
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| Illustration: Sarah Grillo/Axios |
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| The pandemic has popularized "workcations" — going on a vacation, but working while there, Axios' Erica Pandey writes. Best practices: Companies and managers need to encourage their employees to unplug. - "It starts at the top," says Darren Murph, head of remote work at GitLab, the world's largest all-remote company. "GitLab executives visibly take time off and will share in public channels."
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| 5. College students plan to hold tight to stimmies |
 Data: Generation Lab poll. Chart: Axios Visuals Of college students receiving stimulus checks, 62% plan to pocket or invest their new cash, Neal Rothschild writes from a Generation Lab/Axios poll of 804 college students (margin of error: ±3 points). - Why it matters: That's money that won't be fed back into the economy.
Go deeper: Other findings. |
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| 6. COVID infections among vaccinated people are very rare |
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| Illustration: Aïda Amer/Axios |
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| Fully vaccinated people can still get COVID, but it's pretty rare, Axios' Marisa Fernandez writes from a pair of studies published in the New England Journal of Medicine. - A study published yesterday found that only four out of 8,121 fully vaccinated employees at the University of Texas Southwestern Medical Center in Dallas became infected.
- Another study found that seven out of 14,990 vaccinated health care workers at L.A. hospitals tested positive.
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| 7. House chair wants Big Tech "disincentive" |
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| Illustration: Eniola Odetunde/Axios |
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| As lawmakers prepare for a hearing tomorrow with the CEOs of Twitter, Facebook and Google, House Energy and Commerce Chair Frank Pallone (D-N.J.) tells Axios' Margaret Harding McGill that the question isn't whether to regulate tech companies, but how. - "The more outrageous and extremist the content is, the more engagement," Pallone said. "I'd like to create a disincentive for these companies to amplify this content that leads to violence."
- Keep reading.
Go deeper: Social media giants keep trotting out jaw-dropping stats about fake accounts and rule-violating posts they're removing. But the number that matters most is how much misinformation remains, managing editor Scott Rosenberg writes. |
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| 8. 🗳️ 2024 begins! |
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| Inside the C-SPAN bus. Photo: C-SPAN |
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| C-SPAN tells me "Road to the White House 2024" coverage begins Friday with Mike Pompeo in Iowa, speaking to the Machine Shed in Urbandale to the Westside Conservative Club, to be shown later that day. |
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| 9. 🎞️ Sports "highlights generation" |
 Reproduced from Variety Intelligence Platform. Chart: Axios Visuals A new era of sports fandom is upon us, in which fans increasingly come for snacks (highlights) instead of meals (live games), Axios Sports editor Kendall Baker writes from a Variety survey. Why it matters: The sports ecosystem is built on live sports rights. If fans aren't regularly tuning into games, it could threaten the entire model. - The leagues' challenge: How to better monetize highlights.
Read the report. 🏀 Sign up here for Kendall Baker's daily Axios Sports. |
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| 10. 1 smile to go |
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| Photo: Martina Valentini/Val di Sole press office via Reuters |
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| Fiammetta, 10, attends online class, surrounded by her shepherd father's herd of goats while schools are closed in Caldes, northern Italy. |
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| A message from JPMorgan Chase & Co. |
| JPMorgan Chase invests $350 million in jobs and skills |
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| JPMorgan Chase is focusing on those at risk of being left behind, from COVID-19's long-term impact and as technological developments fuel changes in career pathways. The plan: Develop, test and scale innovative efforts that prepare people with the skills they need for well-paying careers. |
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