| | | | | | | Presented By Meta | | | | Axios AM | | By Mike Allen · Oct 18, 2022 | | 🗳️ Happy Tuesday. Midterms are three weeks from today. - Smart Brevity™ count: 1,497 words ... 5½ minutes. Edited by Noah Bressner.
| | | | | | 1 big thing: Rich right funds new media |  | | | Illustration: Brendan Lynch/Axios | | | | New investments in "free speech" social media platforms, podcasts and video channels are upending the media landscape and giving voices to conservatives who feel rejected by traditional outlets. - Why it matters: Many of today's conservative media moguls are both rich and politically active, Axios' Sara Fischer reports.
Ye, formerly Kanye West, yesterday announced plans to acquire Parler, a Twitter-like social media app that has become a haven for conservatives. - Ye's purchase of Parler, he said, will ensure people with conservative opinions "have the right to freely express ourselves." Ye has toyed with the idea of running for president. The current CEO of Parler is married to Candace Owens, the conservative media personality.
Elon Musk's purchase of Twitter is expected to dramatically shift the way conservative content is filtered on the app, should the $44 billion deal finally go through in the next few months. Musk in May said he will vote for Republicans. - An investment by Peter Thiel and J.D. Vance in Rumble, a YouTube alternative for conservatives, has helped the site remain on track to complete its merger to go public via a blank check company. Vance is the Republican candidate for U.S. Senate in Ohio.
- Donald Trump's Truth Social has faced many legal and financial problems in the past few months. But it continues to provide a platform for the former president and his allies.
🥊 Reality check: The space is becoming more crowded, and several big platforms are now competing for the same type of user. - Parler had just 42,000 downloads in the U.S. since finally being made available again in the Google Play Store on Sept. 2, per Apptopia.
- Ye, who created a Parler profile yesterday morning, only had 9,500 followers as of last evening.
👀 What we're watching: In addition to social networks, an entire economy — from cloud hosting networks to book publishers — has grown around conservative ideals and free speech absolutism. |     | | | | | | 2. Why companies lose women leaders |  | | | Illustration: Sarah Grillo/Axios | | | | They're calling it the "Great Breakup." Women leaders, already in short supply at most U.S. companies, were more likely than men to switch jobs in 2021, Axios' Emily Peck writes from a closely watched report out today. - Why it matters: A better job market and more opportunities for flexible work arrangements made women less likely to put up with mistreatment in the workplace last year, say the authors of the report, from McKinsey and LeanIn.org, the women's empowerment group founded by former Facebook executive Sheryl Sandberg.
"Women are not breaking up with work. They're breaking up with their companies," says Rachel Thomas, CEO of LeanIn.org. - Alexis Krivkovich, a managing partner at McKinsey and an author of the report, said: "We're finally seeing the moment where women in leadership are voting with their feet."
🧮 By the numbers: An eye-popping 10.5% of women leaders — from senior managers all the way up to the C-suite — quit their jobs over the past year, the highest rate in the five years that McKinsey/LeanIn.org has surveyed companies about attrition rates. The rate for men was 9%. - Typically, attrition rates for men and women run closer together, with a spread of only around half a point.
Between the lines: Women are just as ambitious as men. Black women leaders even more so — 59% said they want to be top executives, compared to 41% of women of color and 27% of white women. The catch: Women's authority at work is undermined in a variety of ways — so they leave, the report finds. For example... - 37% of women leaders said they've had a coworker get credit for their idea, compared to 27% of men.
- Women leaders are twice as likely to be mistaken for someone more junior.
- Women are more likely to do work to support coworkers and promote diversity, equity and inclusion — but that type of work doesn't typically get recognized when it comes time to evaluate performance.
Share this story ... Read the 62-page report. | | | | | | | | 3. 🥊 Fight night in Ohio | Screenshot: 21 WFMJ, Youngstown Democratic Rep. Tim Ryan and Republican J.D. Vance clashed over racist rhetoric during the U.S. Senate candidates' heated and personal final debate in Ohio last night. - Ryan suggested that Vance peddled the "great replacement theory" — a conspiracy theory that has strains of antisemitism, racism and anti-immigrant sentiment.
In return, Vance accused Ryan of "slander" and said he was "disgusting." - The Republican blamed Ryan for igniting abuse faced by his biracial children: "You can believe in a border without being a racist. ... I know you've been in office for 20 years ... But you're so desperate not to have a real job that you'll slander me and slander my family. It's disgraceful."
Share this story. Stacey Abrams (D) shakes hands with Georgia Gov. Brian Kemp (R) in Atlanta last night, with Libertarian challenger Shane Hazel at right. Photo: Ben Gray/AP In Georgia, Gov. Brian Kemp (R) and Democratic challenger Stacey Abrams sparred over their vastly different gun policies in last night's debate. - Why it matters: In a race that polling averages show Kemp is leading, Abrams has sought to draw attention to his most conservative policies to win over moderate voters — including his loosening of gun regulation, Axios' Emma Hurt reports.
Abrams blamed Kemp's gun policies for the state's increase in violent crime. - Kemp — who just released a plan that makes no mention of gun control — countered that his approach to violent crime has been to target bad actors like gangs.
The Republican governor championed a law earlier this year that eliminated the remaining permit regulation on concealed carry licenses in Georgia. | | | | | | | | A message from Meta | | Future surgeons will get hands-on practice in the metaverse | | |  | | | | Surgeons will engage in countless hours of additional low-risk practice in the metaverse. The impact: Patients undergoing complex care will know their doctors are as prepared as possible. The metaverse may be virtual, but the impact will be real. See how Meta is helping build the metaverse. | | | | | | 4. 📷 1,000 words: Shipwreck emerges | | Photo: Sara Cline/AP A shipwreck — which archaeologists believe to be a ferry that sank in a hurricane 107 years ago — has emerged along the banks of the Mississippi River in Baton Rouge, La., as water levels plummet, AP reports. - The ship is apparently the Brookhill Ferry, which carried people and horse-drawn wagons across the river before major bridges spanned the mighty Mississippi.
| | | | | | | | 5. 😟 3 economic datapoints |  Data: Bureau of Labor Statistics. Chart: Erin Davis/Axios Visuals - 🛒 Americans are buying less at the grocery store, as food prices surge (graphic above), Axios' Emily Peck writes from a Morning Consult survey. The share of shoppers who said they often purchased fewer groceries climbed from 15% in October 2021 to 24% last month.
- 💯 Bloomberg economists' probability model now sees a 100% chance of a U.S. recession within a year. Go deeper.
- ✂️ Microsoft confirmed layoffs across multiple divisions — another tech company cutting jobs, after slowing or freezing hiring, Axios' Ina Fried reports. Under 1,000 jobs were cut, a source said. Go deeper.
| | | | | | | | 6. 🗞️ Former WSJ star says hired hackers ruined him | | Jay Solomon in Bethesda, Md., last month. Photo: Raphael Satter/Reuters Jay Solomon, formerly The Wall Street Journal's chief foreign affairs correspondent, accuses a major law firm of using mercenary hackers to get him fired, Reuters' Raphael Satter reports. - In a lawsuit filed Friday, Solomon says Philadelphia-based Dechert LLP worked with hackers from India to steal emails between him and a source, Iranian American aviation executive Farhad Azima.
- Solomon said the messages, which showed Azima floating the idea of the two of them going into business together, were put into a dossier and circulated in a successful effort to get him fired.
The lawsuit said Dechert gave the dossier to The Journal "and then to other media outlets in an attempt to malign and discredit him," causing Solomon "to be blackballed by the journalistic ... community." - The Journal reported in 2017 that Solomon had been fired "for violating the paper's ethical standards, stemming from his dealings with an aviation tycoon whom he had cultivated as a source."
Solomon and Azima allege that Dechert undertook the hack-and-leak operation in the interest of a client, Sheikh Saud bin Saqr al-Qasimi, ruler of the Middle Eastern emirate of Ras Al Khaimah. - In a 2018 account in Columbia Journalism Review ("How hacked emails and a yacht in Monaco ended my career at The Wall Street Journal"), Solomon wrote that he never benefited financially from the relationship.
Solomon said in a statement to Axios that the trend of "powerful individuals and entities" spending vast sums to silence a journalist is "becoming a greater threat ... as digital surveillance and hacking technologies become more sophisticated and pervasive." - Dechert, the law firm, told Axios: "The claim against the firm is denied and will be defended."
Go deeper: Reuters earlier investigated hacker-for-hire groups in India. | | | | | | | | 7. ✏️ Tonight's debate BINGO card |  Graphic: Axios Visual Torey Van Oot of Axios Twin Cities designed this scorecard for tonight's debate between Minnesota Gov. Tim Walz (D) and challenger Scott Jensen (R), at 7 p.m. CT in Rochester. | | | | | | | | 8. 🏴☠️ 1 fun thing: Jolly Lodger | | Photo courtesy Lauren DeMarco A pirate-ship houseboat on Virginia's Northern Neck was bought by a Richmond couple who are now renting it on Airbnb as the "Jolly Lodger," writes Karri Peifer of Axios Richmond. Inside the "Jolly Lodger." Photo courtesy Lauren DeMarco The ship — docked in Callao (Northumberland County) — rents for $292 a night. It's already booked for most of October, some of November and for Christmas. | | | | | | | | A message from Meta | | Building more efficient cities will be possible with the metaverse | | |  | | | | In the metaverse, urban planners will bring their designs to life and collaborate with engineers, architects and public officials in real time — paving the way for less congested cities. The metaverse may be virtual, but the impact will be real. Learn how Meta is helping build the metaverse. | | | | 📬 Invite your friends to sign up to get their daily essentials — Axios AM, PM and Finish Line. |  | | Are you a fan of this email format? It's called Smart Brevity®. Over 300 orgs use it — in a tool called Axios HQ — to drive productivity with clearer workplace communications. | | | |
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