Tuesday, April 5, 2022

🎯Axios AM: America's techno-optimists

New billionaires list | Tuesday, April 05, 2022
 
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Axios AM
By Mike Allen ·Apr 05, 2022

Happy Tuesday! Today's Smart Brevity™ count: 1,497 words ... 5½ mins. Edited by Zachary Basu.

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1 big thing: America's young techno-optimists

Illustration: Brendan Lynch/Axios

 

More than 1 in 4 young American adults are invested in cryptocurrency — and it's people under 25 who express the most excitement about everything from electric vehicles to smart-home technology, Jennifer A. Kingson writes from an Axios-Momentive poll.

  • The poll was conducted in conjunction with Axios' inaugural What's Next Summit today. (Register here to watch virtually.)

What we found in our online poll of 2,553 adults (full sample margin of error: ±2 points) with Momentive, the makers of SurveyMonkey:

  • 7 of 10 young adults say they'd drive an electric car if they could afford it.
  • More than half of 18- to 24-year-olds want drones to deliver to their homes. Older people are more skittish.
  • 67% of Gen Z would love to live in a smart city, and 63% want smart devices for their homes.
  • Young people are leading the charge toward micromobility: 82% of 18- to 24-year-olds support allowing electric scooters, e-bikes and e-skateboards in public places.

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2. Zelensky: Hundreds have been tortured
Ukrainian President Volodymyr Zelensky in Bucha yesterday. Photo: Ronaldo Schemidt/AFP via Getty Images

Ukrainian President Volodymyr Zelensky said in an overnight address that more than 300 people had been tortured and killed in the Bucha massacre.

  • The shocking figure is likely to grow as more bodies are uncovered in the Kyiv suburb and other cities formerly occupied by Russian forces.

With Russian propaganda continuing to claim Ukrainian forces "staged" or carried out the war crimes themselves, Zelensky called for "thousands" of journalists to come to Bucha and other cities to see the evidence firsthand.

  • "It is now 2022. And we have much more tools than those who prosecuted the Nazis after World War II," Zelensky said.
Destroyed homes and armored vehicles line Vokzalna Street in Bucha. Satellite image: ©2022 Maxar Technologies

👀 What to watch: Zelensky will deliver an address this morning to the U.N. Security Council, where the U.S., U.K. and France are expected to present evidence of war crimes.

📷 Warning: Graphic content. Incredible N.Y. Times visual investigation (subscription), "Satellite images show bodies lay in Bucha for weeks, despite Russian claims."

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3. Putin unlikely to be punished for war crimes
Vladimir Putin meets with Deputy Prime Minister Yuri Borisov at the Novo-Ogaryovo state residence outside Moscow yesterday. Photo: Mikhail Klimentyev/Sputnik via Getty Images

Vladimir Putin is unlikely to stand trial for war crimes as long as he's in power, Axios' Laurin-Whitney Gottbrath writes.

  • War crimes historically have been tough to investigate, and even harder to prosecute.

Often the main hurdle is determining who is responsible, and what evidence exists that can establish culpability, according to Alex Whiting, a Harvard Law School visiting professor, and deputy specialist prosecutor at the Kosovo Specialist Prosecutor's Office in The Hague.

  • Leaders usually aren't at the scene of alleged war crimes, making them harder to prosecute.

Even if prosecutors can show that high-level Russian officials directed or were aware of orders or actions that may constitute war crimes, a trial at the International Criminal Court or a war crimes tribunal can't be conducted unless the official is in custody.

  • Because Russia isn't a member of the ICC, which is investigating possible war crimes in Ukraine, Moscow would be unlikely to hand over officials if they were charged.
  • Many people tried for war crimes were captured during the armed conflict, or were handed over after they fell from power.

Whiting says investigating, and possibly bringing charges, is still important because it "sends a message to the victims that they're being seen and recognized."

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4. America's internet splits along party lines

Illustration: Shoshana Gordon/Axios

 

New investments flooding partisan media platforms are starting to restructure America's internet business around the nation's deepening political divide, Axios' Sara Fischer and Scott Rosenberg write.

  • Why it matters: For years, internet theorists warned of the "splinternet" — a breakup of the global internet into regions governed by different laws. Something like that is now starting to happen within the U.S., splitting the online world into red and blue sectors.

The Daily Wire, a conservative digital media company, plans to invest "a minimum of $100 million" over the next three years in kids' entertainment in response to Disney's opposition to Florida's recently passed Parental Rights in Education Bill — dubbed the "Don't Say Gay" bill by critics.

  • The Daily Wire, co-founded by Ben Shapiro, has been at the forefront of building products that provide conservatives with alternatives to mainstream brands they feel don't support their views, including movies and razors.

The big picture: Red and blue America have reacted to the current information environment in radically different ways.

  • Progressives are focused on making sure existing media and online platforms crack down on misinformation.
  • Conservatives increasingly feel disenfranchised by media, from mainstream news outlets to social platforms, and have begun to invest in alternatives.
Photo illustration: Annelise Capossela. Photo: Patrick Pleul/Pool/AFP via Getty Images

What to watch: Billionaires are throwing ever-larger sums of money at both of these efforts.

  • Elon Musk yesterday disclosed a 9.2% stake in Twitter, worth roughly $3 billion, a few weeks after he polled his Twitter followers on Twitter's support for free speech and implied that the vote would have "consequences."

On the right, Donald Trump's new social network, which is struggling to launch, has reportedly raised $1 billion for its blank check IPO. Conservative tech billionaire Peter Thiel is backing a conservative rival to Facebook, called Rumble, and a conservative rival to Tinder, called The Right Stuff. Conservative billionaire Rebekah Mercer co-founded and funded conservative Twitter alternative Parler.

  • On the left, billionaires Reid Hoffman, George Soros and others are backing a new public benefit corporation that aims to tackle disinformation by funding left-leaning local news sites. Other billionaires — including Jeff Bezos, Marc Benioff and Laurene Powell Jobs — have bought up venerable media properties.

Between the lines: Media companies and online platforms thrived in the past by serving as big an audience as possible.

  • As the business model for internet media shifts toward direct relationships with paying customers, companies are placing less value on scale for its own sake — and more on products that engage true believers.

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5. ⚖️ 3 Republicans back Jackson

Republican Sens. Lisa Murkowski of Alaska and Mitt Romney of Utah said they'll vote to confirm Judge Ketanji Brown Jackson, all but assuring she'll become the Supreme Court's first Black female justice.

  • Sen. Susan Collins (R-Maine) said last week she'll vote for Jackson.

Democrats hope to confirm Jackson by week's end.

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6. Billionaire growth slows

Among the cover subjects is Bolt CEO Ryan Breslow, 27, of Miami, who "has boosted the value of his fintech to the moon by promising an Amazon-style checkout to millions of online retailers." Cover: Forbes

 

Forbes' 36th annual World's Billionaires List, out today, reveals 2,668 billionaires, including 236 newcomers — down from last year's record 2,755 billionaires, with 493 newcomers.

  • The total net worth of the world's billionaires is $12.7 trillion, down from last year's $13.1 trillion.

329 people dropped off the list this year — the most in one year since the 2009 financial crisis, Forbes said.

  • "The tumultuous stock market contributed to sharp declines in the fortunes of many of the world's richest," Kerry Dolan, Forbes' assistant managing editor of wealth, said in a release. "Still, more than 1,000 billionaires got wealthier over the past year."

Elon Musk tops the list for the first time, with an estimated net worth of $219 billion. He unseated Jeff Bezos, who drops to No. 2 after spending the past four years as the richest person in the world.

  • Bernard Arnault of LVMH (luxury brands Christian Dior, Moët & Chandon, Louis Vuitton) remains No. 3, followed by Bill Gates. Warren Buffett is fifth.

Explore the list.

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7. Stacey Abrams reaches millionaire status
Stacey Abrams

Stacey Abrams arrives March 8 in Atlanta to sign qualifying papers for the 2022 election. Photo: Brynn Anderson/AP

 

Democrat Stacey Abrams, who's running to be Georgia's first Black and first female governor, disclosed she's worth $3.17 million — up from $109,000 when she first ran for governor four years ago, AP reports.

  • Abrams gave 37 paid speeches in 2021. She has written, co-written or reissued six books since 2019, with another reissue later this year.

"I believe in success," Abrams, 48, told AP. "And because I had three years where I was in the private sector, I leveraged all three years ... I've done my best to not only be successful personally, but to do what I can to help Georgians."

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8. 🏀 The road ends: Rock Chalk, Jayhawk
Photo: Robert Deutsch/USA Today Sports

Kansas guard Christian Braun and forward K.J. Adams celebrate their shock comeback, rocking UNC in the March Madness championship game, 72-69, at Caesars Superdome in New Orleans.

  • The Jayhawks erased a 16-point deficit — the largest comeback in national championship history, surpassing 1963's title game, when Loyola climbed out of a 15-point hole to beat Cincinnati at the buzzer, 60-58. Keep reading.
In Lawrence, Kansas, Jayhawks fans celebrate on Massachusetts Street. Photo: David Eulitt/Getty Images

🎵 I wait all year for this: CBS Sports' "One Shining Moment 2022."

  • "And THE MUSIC is still playing for Coach K's LAST DANCE ... This miracle run continues for SAINT PETERS: The Peacocks MAKE HISTORY ... Just ANOTHER REASON you've gotta love March."

Treat yourself ... The backstory.

Kansas big man David McCormack cuts down the net. Photo: Jack Dempsey/NCAA Photos via Getty Images
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