| | | | | | | Presented By JPMorgan Chase & Co. | | | | Axios AM | | By Mike Allen ·Oct 04, 2021 | | ⚖️ Good morning. It's the first Monday in October — a new Supreme Court term opens. - Smart Brevity™ count: 1,449 words ... 5½ minutes. Edited by Zachary Basu.
| | | | | | 1 big thing: Future of Catholics |  | | | Photo: "Axios on HBO" | | | | In an interview in Rome for "Axios on HBO," Cardinal Peter Turkson — a close adviser to Pope Francis — told me the Catholic Church plans to be increasingly active on climate, refugees and racial equity. - Both Turkson and the pope plan to attend the UN Climate Summit that begins in Scotland on Oct. 31, bringing what Turkson, echoing His Holiness, calls "the cry of the poor and the cry of the earth."
The cardinal himself is proof. Long considered a favorite to be the first Black pope, Turkson heads an office created by Francis, the Dicastery for Promoting Integral Human Development. - Turkson's remit includes climate, migrants, and victims of armed conflict, torture and natural disasters — a lot.
Pope Francis has changed church law to give more rights to women. But Turkson — like Francis — remains conservative on women becoming priests. I asked him if he personally struggles with the issue. - "Personal struggle, no," he said. "The struggle will be there if that kind of thing became an issue of denial of rights, OK? ... Not even men who are ordained consider that to be a right."
Illustration: "Axios on HBO" I asked Cardinal Turkson about a first in U.S. history: All three branches of government have practicing Catholics at their heads — President Biden, Speaker Pelosi and a majority of the Supreme Court justices. - "We thank God for the change ... to a point that people's faith does not constitute an obstacle to the service that they can render to a state," he said.
Asked about the lessons of the fall of Afghanistan, Turkson said world powers need to "talk more," suggesting they should fight less. - I asked him if that lesson had been learned. He replied: "There's still time to learn it."
See a clip. |     | | | | | | 2. Miles of oil foul O.C. coast |  | | | Photo: David McNew/AFP via Getty Images | | | | This photo shows the tide off Newport Beach, Calif., yesterday. Some residents, business owners and environmentalists questioned whether authorities reacted quickly enough to contain one of the largest oil spills in recent California history, AP reports. - The oil created a miles-wide sheen in the ocean and washed ashore in sticky black globules, fouling the sands of famed Huntington Beach.
- Some birds and fish were caught in the muck and died.
A leak in an underwater pipeline is suspected. Cleanup contractors deploy skimmers and floating barriers (booms) to try to stop oil incursion in Talbert Marsh in Huntington Beach. Photo: Ringo H.W. Chiu/AP An estimated 126,000 gallons of heavy crude leaked into the water, and some washed up on the shores of Orange County. - Huntington Beach Mayor Kim Carr said the beaches of the community nicknamed "Surf City" could remain closed for weeks or even months.
The L.A. Times said the slick "spanned about 8,320 acres — larger than the size of Santa Monica." | | | | | | | | 3. U.S. to warn China on trade |  | | | Nansha Port in Guangzhou, China. Photo: Qian Wenpan/Nanfang Daily via Getty Images | | | | U.S. Trade Representative Katherine Tai will declare today that an extensive review found China isn't meeting its commitments under the Phase One trade deal, Axios' Zachary Basu writes. - Why it matters: That lays the groundwork for the Biden administration to keep in place Trump-era tariffs while considering other punitive actions.
The bottom line: The administration doesn't expect China to meaningfully change its practices, and isn't seeking to open negotiations on a Phase Two agreement with Beijing. - On a call with reporters previewing Tai's speech, a senior administration official said: "We recognize that China simply may not change, and that we have to have a strategy that deals with China as it is, rather than as we might wish it to be."
Share this story. | | | | | | | | A message from JPMorgan Chase & Co. | | A Great Equalizer for Generational Wealth is Homeownership | | |  | | | | JPMorgan Chase's $30B racial equity commitment includes policy recommendations, education and $12B toward mortgages to increase access to homeownership for Black and Latino families. The idea: Make it easier for underserved communities to achieve homeownership. See how. | | | | | | 4. Vaccine mandates get results | President Biden gets a COVID booster shot in the South Court Auditorium on the White House campus last week. Photo: Brendan Smialowksi/AFP via Getty Images Most vaccine holdouts would rather get the shot than lose their jobs, Axios' Caitlin Owens reports: - States with vaccine mandates for health care workers, including California and New York, have seen a large uptick in vaccinations.
- Some health systems in red states, including Texas, have seen similar results when their mandates took effect.
- United Airlines achieved nearly 100% vaccination among its employees. Tyson Foods announced that more than 90% of its workers are now vaccinated.
Keep reading. | | | | | | | | 5. Facebook whistleblower's moment |  | | | Scott Pelley interviews Frances Haugen on last night's "60 Minutes." Photo: CBS News | | | | Frances Haugen's "60 Minutes" interview last night put a name and a face on charges that Facebook failed to counter harms caused by its platform, Axios' Sara Fischer and Scott Rosenberg report. - Why it matters: The complaints were largely familiar. But they gained specificity and depth from Haugen's standing as someone who formerly worked on Facebook's civic integrity team.
Haugen said she downloaded thousands of pages of internal research before she left Facebook in May. - Those documents became the basis for a series in The Wall Street Journal chronicling Facebook's research into Instagram's impact on teen girls' mental health.
On "60 Minutes," Haugen told Scott Pelley that her lawyers have filed at least eight complaints with the SEC. "Facebook, over and over again, has shown it chooses profit over safety," she said. - Haugen, 37, is a long-time Silicon Valley product manager who has had stints at Google, Pinterest and Yelp. She resigned in April.
Lena Pietsch, Facebook director of policy communications, said: "Every day our teams have to balance protecting the ability of billions of people to express themselves openly with the need to keep our platform a safe and positive place." - "We continue to make significant improvements to tackle the spread of misinformation and harmful content. To suggest we encourage bad content and do nothing is just not true."
Watch the segment ... Facebook statement, "What Our Research Really Says About Teen Well-Being and Instagram." | | | | | | | | 6. "Axios on HBO": Jamie Dimon on China and speaking out |  | | | Jim VandeHei interviews Jamie Dimon in Anacostia, D.C. Photo: "Axios on HBO" | | | | Jamie Dimon, chairman and CEO of JPMorgan Chase, is known for being outspoken. But he told "Axios on HBO" that global companies must be selective about public issues they dive into, even ones as stark as China's treatment of Uyghurs. - "We do business in 100 countries," Dimon told Axios CEO Jim VandeHei. "But I've made it very clear: We believe in human rights. We believe in free enterprise. We believe in the capitalist system. That's all counter to China."
Asked about commenting on hot U.S. issues, Dimon said: "Some we do and some we don't. Some we can't." - As an example, he said: "I love my daughters. But after I went on Trump's business council, one wrote me a long, elegant, nasty letter ... 'How could you, Dad?'"
- "And I wrote her back saying: 'You got everything right except the conclusion. Martin Luther King would be going, seeing President Trump every time to fight for his people.'"
VandeHei finished with a speed round: You've been in the room with Joe Biden, you've been in the room with Donald Trump. Compare them. - Dimon: "It's impossible to compare them. ... I like the civility of Joe Biden ... President Trump is very different alone than in public. ... Joe Biden is the same."
Bitcoin: Is it the fool's gold of the future? - Dimon: "It's got no intrinsic value. And regulators are going to regulate the hell out of it."
Should they regulate it? - Dimon: "Yes. ... If people are using it for tax avoidance and sex trafficking and ransomware, it's going to be regulated, whether you like it or not. So it's not a moral statement. It's a factual statement."
See a clip. | | | | | | | | 7. 💰 Pandora Papers: Massive leak reveals hidden riches | Graphic: International Consortium of Investigative Journalists A global journalistic collaboration used 3 terabytes of spreadsheets, contracts and other documents from law firms and wealth managers to expose offshore ploys that hide shocking riches of the global elite. - The Pandora Papers project, a successor to the Panama Papers exposé of 2016, used millions of documents to reveal "offshore deals and assets of more than 100 billionaires, 30 world leaders and 300 public officials," writes The Guardian, a member of the consortium.
Two big findings by The Washington Post, another participant: - South Dakota, Nevada and other states (graphic above) "have adopted financial secrecy laws that rival those of offshore jurisdictions." Foreign leaders are "moving their private fortunes into U.S.-based trusts. ... Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls." Go deeper.
- King Abdullah II of Jordan — among the poorer countries in the Middle East, and a large recipient of U.S. foreign aid — has spent more than $100 million, all hidden behind fronts, on lavish compounds in Malibu, D.C.'s Georgetown and London. Go deeper.
Explore the project. | | | | | | | | 8. 🏈 1 GOAT thing | | "Tom Brady returned to Gillette Stadium as quarterback of the World Champion Tampa Bay Buccaneers Sunday," Boston Globe columnist Dan Shaughnessy writes on the front page, "and beat his sideline Svengali, Bill Belichick, 19-17." - The "rain-soaked, wildly entertaining football game ... was not decided until [the Patriots'] Nick Folk's 56-yard field goal attempt doinked off the left upright with less than a minute to play."
Keep reading. Tom Brady leaves the field after winning last night. Photo: Maddie Meyer/Getty Images | | | | | | | | A message from JPMorgan Chase & Co. | | Chase helps Chicago artist buy a home, after years of trying | | |  | | | | Chicago artist P. Scott wasn't sure he'd ever own a home. But with support from Chase and a $5,000 grant to help with upfront costs, his dream came true. Upfront costs are a big barrier to homeownership for Black and Latino families, particularly in cities with a big racial wealth gap. Read his story. | | | | 📬 Was this email forwarded to you? Sign up here for your own personal copy of Axios AM and Axios PM. |  | | It'll help you deliver employee communications more effectively. | | | |
No comments:
Post a Comment