| |
| |
| |
| Presented By Bank of America |
| |
| Axios AM |
| By Mike Allen ·May 26, 2021 |
| 🐪 Happy Wednesday! Smart Brevity™ count: 1,164 words ... 4½ minutes. Edited by Zachary Basu. 📊 At 12:30 p.m. ET today, please join Axios' Sara Fischer and Nicholas Johnston for a virtual event unpacking 2021 Axios Harris Poll rankings for top brands. Guests: Harris Poll CEO John Gerzema, 3M's Brian Henry, and Stagwell Group president Mark Penn and vice chair Ray Day. Sign up here. |
| |
| |
| 1 big thing ... 🚨 Axios interview: Microsoft CEO warns Big Tech |
 |
|
| Photo illustration: Annelise Capossela/Axios. Photos: Microsoft, Toby Scott/SOPA Images/LightRocket via Getty Images |
| |
| Microsoft CEO Satya Nadella tells Axios' Ina Fried that tech companies face more regulation if they don't do a better job of anticipating malicious uses for what they develop, with more attention to security and ethics. - "You can't, as a tech provider, platform creator, say: 'Hey, I'll scale this and then worry about the unintended consequences,'" Nadella said. "That's just not going to be acceptable in society, first. And then regulation, of course, ultimately will catch up."
- "Tech is becoming so pervasive in our lives, in our society and our economy, that when it breaks, it's not just about any one tech breaking or one company breaking," Nadella added. "It impacts us all."
Nadella said that where once Microsoft may have lacked competition, other companies now merit close antitrust scrutiny. - "I think it's pretty self-evident, right? I mean, when you look at ... what is happening in the advertising space, what's happening in certain platforms and the restrictions on those platforms, I think it's clear as day where there is competition and where there isn't."
Ina's thought bubble: Nadella didn't name names. But if I were Apple's Tim Cook or Google's Sundar Pichai, I'd take his comments personally. |
    |
| |
| |
| 2. America's new fault lines |
 |
|
| Illustration: Aïda Amer/Axios |
| |
| As America reopens, men are broadly optimistic; women aren't. Parents see a brighter future than the childless. And the rich, naturally, have a sunnier outlook than the poor, Felix Salmon writes from a major new survey from McKinsey and Ipsos, provided first to Axios. - By far the biggest dividing line on economic optimism: access to health care and health insurance.
Overall, Americans are modestly optimistic about their economic futures, according to McKinsey's index. But many Americans have deep reservations: - Women bore the brunt of the extra childcare burden during the pandemic, and also the brunt of the job losses. Both of those have significantly harmed their economic prospects.
- Among moms who have stopped looking for work during the pandemic, 14% said they did so in order to look after their family. For dads, the equivalent number is a mere 3%.
62% of workers in the gig economy prefer to have permanent employment. |
| |
| |
| |
| 3. Scientists: Canceling Tokyo games "may be safest option" |
 |
|
| Illustration: Aïda Amer/Axios |
| |
| With 58 days until the summer Olympics' opening ceremony, scientists warn that "canceling the games may be the safest option," Axios' Marisa Fernandez writes from a paper in the New England Journal of Medicine. - Why it matters: Preparing for 20,000 athletes and support staff from 200 countries, Japan remains in a state of emergency — with 70,000 active COVID cases and only 5% of the population vaccinated.
On Monday, the surge prompted both the CDC and State Department to warn Americans against travel to Japan. The IOC's plan emphasizes unsuccessful mitigation measures like temperature checks and contact tracing apps that are "often ineffective," the authors write: - There is no safety guidance in risk levels associated with outdoor and indoor sporting events.
- Players aren't provided masks by the IOC and must bring their own.
- The IOC provides "insufficient detail" on testing frequency and hotel isolation, as well as limited contact tracing.
- Athletes have limited insurance coverage if they contract COVID.
Share this story. |
| |
| |
| |
| A message from Bank of America |
| Bank of America raises minimum wage to $25 per hour by 2025 |
| |
 |
| |
| Being a great place to work starts with investing in your teammates. That's why Bank of America is increasing its minimum rate of pay to $25 per hour by 2025—raising the bar set just last year when the bank increased it to $20/hour. Learn more. |
| |
| |
| 4. Pic du jour: George Floyd's daughter visits West Wing |
| Photo: Evan Vucci/AP Gianna Floyd, daughter of George Floyd, walks out of the West Wing during a family visit on the first anniversary of her father's killing. - President Biden told reporters that Gianna ran and gave him a hug, and said she was hungry. She was served Cheetos.
|
| |
| |
| |
| 5. Mapped: Immigration powers heartland future |
 Data: Heartland Forward. Chart: Danielle Alberti/Axios More foreign-born immigrants are moving to the center of the U.S. than in the past, Worth Sparkman of Axios Northwest Arkansas and Linh Ta of Axios Des Moines write from a new report by Heartland Forward. - Why it matters: With population growth in the U.S. slower than it has been for 100 years, both high-skilled and lower-skilled industries across America rely more on immigrants to power their workforces.
Many states' populations would be shrinking if not for immigrants, the N.Y. Times reported (subscription) last year. |
| |
| |
| |
| 6. GOP-led states target critical-race teaching |
 |
|
| Illustration: Shoshana Gordon/Axios |
| |
| Republicans in at least nine states are moving to limit students' exposure to critical race theory, which links racial discrimination to the nation's foundations and legal system, Axios' Russell Contreras reports. - Why it matters: A year after George Floyd's killing, how systemic racism is — or is not — taught in public schools has become a new fault line in the culture wars, with implications for how the next generation of Americans understands U.S. history.
Conservative activists are pressing for less talk about racism and more talk about patriotism. - Civil rights advocates and some educators say banning critical race theory from schools constrains academic freedom, and suppresses the experiences of people of color.
What's next: President Biden will travel to Tulsa next Tuesday to observe the centennial of the Tulsa Race Massacre, the White House said yesterday. - The massacre has become a rallying cry for African Americans seeking reparations from one of the worst acts of racial violence in the nation's history.
Keep reading. |
| |
| |
| |
| 7. ⚖️ Manhattan's Trump probe heats up |
 |
|
| Screenshot: MSNBC's "All In with Chris Hayes" |
| |
| New York prosecutors have convened a special grand jury to consider evidence in a criminal investigation into former President Trump's business dealings, AP reports. - Why it matters: That signals that Manhattan District Attorney Cyrus Vance Jr. is moving toward seeking charges after a two-year investigation, including a lengthy legal battle for Trump's tax records.
Trump said in a statement: "This is a continuation of the greatest Witch Hunt in American history." - Go deeper: Vance is scrutinizing Trump business practices, and compensation for top Trump Organization executives, per the WashPost.
|
| |
| |
| |
| 8. Top Biden official pushes new look at Wuhan lab-leak theory |
High school students in San Pedro, Calif., are part of an effort to use pep-rally tactics to get students vaccinated before summer. Photo: Damian Dovarganes/AP HHS Secretary Xavier Becerra told a WHO assembly that the U.S. wants an expanded probe of COVID's origins, "amid renewed questions about whether the virus jumped from an animal host into humans ... or escaped from a lab in Wuhan," the WashPost reports in its lead story. - Becerra said in prerecorded remarks: "Phase 2 of the COVID origins study must be launched with terms of reference that are transparent, science-based, and give international experts the independence to fully assess the source of the virus and the early days of the outbreak."
Why it matters: The lab-leak theory was initially dismissed as unlikely, but "recent reports about the hospitalization of Wuhan lab researchers in November 2019 ... have given it new traction," The Post writes. |
| |
| |
| |
| 9. Scoop: Katty Kay leaves BBC |
 |
|
| Photos: Felix Mallaby-Kay and Gabriella Hasbun |
| |
| BBC News star Katty Kay will join OZY Media, Carlos Watson's digital-first media and entertainment company, on June 28 as senior editor and executive producer, Axios' Sara Fischer scoops. - Why it matters: Kay brings decades of global editorial experience to OZY, which produces dozens of shows, podcasts and documentaries.
Kay and Watson launched a podcast in September called "When Katty Met Carlos," inspiring them to make the partnership permanent. - "I've never found a reason to leave the BBC," Kay told Axios. "It took a really special place to get me to leave a special place."
The big picture: Kay's hiring comes as OZY hits its stride. - The company brought in $50 million in revenue last year, helping it hit profitability for the first time in its seven-year history.
Share this story. |
| |
| |
| |
| 10. 🎂 When your birthday goes viral |
| 1,000+ people flooded the Huntington Beach Pier on Saturday night after a birthday-party invitation went viral on TikTok. Photo: Fox 11 KTTV via AP "Adrian's Kickback" — an invitation for a 17th-birthday party for Adrian Lopez — went viral on TikTok, drawing thousands of strangers to fire pits at Huntington Beach and an event space in L.A., the N.Y. Times' Taylor Lorenz reports (subscription). - "It was meant to be for my school," Adrian said.
"TikTok videos with the hashtag #adrianskickback ... attracted nearly 280 million views," Lorenz writes. - "YouTubers, TikTokers and live streamers went to make posts about it for the millions at home who couldn't attend."
- Kai Watson, 20, of the podcast network The Sync — who was at Huntington Beach on Saturday — described the scene as a "zombie apocalypse" of 17-to-19-year-olds. He expects more mass mobilizations.
|
| |
| |
| |
| A message from Bank of America |
| Sharing success with employees and communities |
| |
 |
| |
| Bank of America is increasing its minimum wage to $25 per hour by 2025 and requiring that its 2,000+ U.S. vendors pay their employees dedicated to the bank $15 per hour or more. The idea: Sharing success with communities means competitive pay and benefits to support employees and their families. |
| |
| 📬 Please invite your friends, family, colleagues to sign up here for Axios AM and Axios PM. |
No comments:
Post a Comment