Sunday, November 27, 2022

🍾 Axios AM: High rollers vanish

Plus: Lobsta Mickey | Sunday, November 27, 2022
 
Axios Open in app View in browser
 
Presented By Instagram
 
Axios AM
By Mike Allen · Nov 27, 2022

Happy Sunday. Smart Brevity™ count: 1,190 words ... 4½ minutes. Edited by Donica Phifer.

πŸ—³️ Situational awareness: Some huge lines were spotted as several Georgia counties opened early voting yesterday, ahead of the Dec. 6 Senate runoff between Sen. Raphael Warnock (D) and Herschel Walker (R). Video.

 
 
πŸ‡ΊπŸ‡¦ 1 big thing: Ukraine in dark
This grayscale satellite photo shows the night radiance of Europe on Nov. 23. Photo: NASA Worldview via Reuters

That vast dark expanse above the Black Sea is Ukraine, shown on a satellite photo last week after Russian missile storms knocked out power to most of the country.

  • Why it matters: Vladimir Putin is weaponizing winter. Kyiv — once comfortable and modern — is beginning winter without power and sometimes water, as Ukraine's mettle is tested in a brutal new way.

Ukraine still has an abundance of resilience and defiance, AP's John Leicester reports from the capital:

  • When a play recently finished in Kyiv, the actors took their bows, then let loose with wartime patriotic zeal: "Glory to Ukraine!"
  • "Glory to the heroes!" the audience yelled back.

Bundled against the cold, everyone then trooped out of the dark, unheated theater, barely lit with emergency generators — and headed back to the hard realities of their new life.

  • Rolling power cuts are the norm. When water supplies were knocked out last week, residents lined up in the cold to fill plastic bottles at outdoor taps. Some collected rainwater from drainpipes.

πŸ–Ό️ The big picture: Russia says its waves of cruise missiles, and use of exploding drones to hit energy facilities, are aimed at reducing Ukraine's ability to defend itself, AP adds.

  • But the civilian hardships suggest the intention is also to martyrize minds — to torment Kyiv and other cities so Ukrainians surrender and sue for peace. So far, it's having the opposite effect.

πŸ‘€ What we're watching: European officials pledged Friday to send more support to help mitigate Russian efforts to turn off the heat and lights.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
2. πŸ‡¨πŸ‡³ Protests rock China
Police confront a man as they block a street in Shanghai today, in the area where protests flared against China's zero-COVID policy. Photo: Hector Retamal/AFP via Getty Images

"Down with the Chinese Communist Party! Down with Xi Jinping!"

  • Those chants — reported today in Shanghai, China's most populous city — are very rare public protests against the country's leadership.
  • Protests are flaring across China, including in Beijing, against arduous COVID restrictions.

Why it matters: The wave of civil disobedience is unprecedented in mainland China since Xi Jinping assumed power a decade ago, Reuters reports.

  • Room for dissent has been all but eliminated under Xi. Citizens vent mostly on social media, where they play cat-and-mouse with censors.

In Shanghai, as a large group of police looked on, the crowd held up blank sheets of paper as a protest symbol against censorship.

  • By evening, hundreds of people had gathered again near one of the cordons, some holding blank sheets of paper.
  • At Beijing's prestigious Tsinghua University, dozens of people held a peaceful protest against COVID restrictions.

Frustration boiled over after a fire Thursday that killed 10 people in a high-rise building in Urumqi, capital of the Xinjiang region, where some residents have been locked down for 100 days.

  • Internet messages assert residents weren't able to escape because the building was partially locked down. City officials deny that.

Share this story.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
3. 🍿 Iger backstory
Data: Yahoo Finance. Chart: Axios Visuals

Bob Iger threw a retirement party at his Brentwood home last year for his successor, Bob Chapek. We're told the outgoing Disney CEO lavished praise on other former colleagues — while barely mentioning Chapek, who sat at a separate table.

  • Why it matters: The two were already at war. A year and a day later, Chapek was humiliated once again when he was blindsided by the board's announcement that Iger was returning to take his job.

The party anecdote is part of an account today in The Sunday Times of London (paywall), which quotes a person close to the company:

  • "[I]f it weren't for the fact that this is Hollywood, and there is such reverence for Iger — and probably a healthy degree of fear — this would be the greatest movie or mini-series imaginable."
Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 

A message from Instagram

Explore 30+ Instagram tools helping teens have positive experiences
 
 

Instagram's tools can help parents keep their teens safe on social media, help teens see less sensitive content and help them spend less time on our platform.

Because teens' experiences on Instagram should be positive and supportive.

Explore our tools and set them up today.

 
 
4. 🍾 Miami clubs miss crypto high-rollers
Crypto entrepreneurs flocked to Miami nightclubs including E11EVEN, where Travis Scott performed last year. Photo: Jason Koerner/Getty Images

Crypto entrepreneurs who began frequenting Miami's clubs out of the blue have "completely disappeared," Andrea Vimercati, director of food and beverage at Moxy Hotel group, tells the Financial Times (subscription).

  • "They wanted to show that they didn't have any limits," Vimercati recalled. "They were ordering 12 or 24 bottles of the most expensive champagne and just showering themselves without even drinking."

What's happening: As Bitcoin soared, the crypto crowd descended on Miami beginning in the spring of '21 to flaunt their "wealth." Now, Bitcoin has hit a two-year low, and the Bahamas-based exchange FTX has collapsed.

πŸ₯Š The bottom line: On the dance floor, crypto kids acted as if there was no tomorrow, the FT notes. Turns out, they were right.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
5. 🧠 Kissinger "obsessed" with AI danger

H100, Nvidia's latest graphics processing unit — optimized to handle large AI models used to create text, computer code, images, video or audio. Photo: Nvidia via Reuters

 

At age 99, Henry Kissinger is "obsessed" with limiting the destructive power of artificial intelligence — which could be more devastating than the biggest bomb, Washington Post columnist David Ignatius writes.

  • Why it matters: Kissinger says AI is the new frontier of arms control.

If the great powers don't find ways to limit AI's reach, "it is simply a mad race for some catastrophe," Kissinger told Ignatius during a video interview for a recent forum in D.C.

  • "Even today we have fighter planes that can fight … air battles without any human intervention," the former Secretary of State said. "It is the elaboration 50 years down the road that will be mind-boggling."

πŸ’‘ The big idea: Kissinger suggested U.S. and China create, at first, relatively small institutions that could inform national leaders about the dangers, and stay in touch with each other on how to ameliorate risks.

  • Kissinger spoke on Nov. 16 to the Nancy and Paul Ignatius Program, named for the columnist's parents.

YouTube of the program.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
6. 🎻 Sea change for N.Y. Philharmonic
Photo: Calla Kessler for The New York Times. Licensed by Axios

For the first time, women outnumber men in the New York Philharmonic — an all-male ensemble for most of its 180 years, The New York Times reports (subscription).

  • The orchestra now has 45 women and 44 men.

27 of the 30 violinists are women.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
7. ⚽ Biggest World Cup crowd in 28 years
Lionel Messi celebrates after scoring Argentina's first goal yesterday at Lusail Stadium in Doha. Photo: Dylan Martinez/Reuters

Lionel Messi scored in front of 89,000 spectators in Qatar yesterday as Argentina beat Mexico 2-0 — the biggest crowd for a World Cup match since 91,000 watched the 1994 final at the Rose Bowl in Pasadena, Calif.

  • The record World Cup crowd was 173,850 at MaracanΓ£ Stadium in Rio de Janeiro in 1950, for Uruguay's 2-1 victory over host Brazil in the final game of that tournament, AP reports.

πŸ‡¦πŸ‡· Go deeper: BBC, "'Where there is Lionel Messi, there is hope for Argentina."

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 
8. 🦞 1 fun thing: Lobsta Mickey
Photo: Michael Dwyer/AP

This is Lobsta Mickey — a long-lost, 700-pound statue of Mickey Mouse with giant lobster claws, which resurfaced at the Concepts sneaker store in Boston.

  • The statue was last seen 17 years ago at Quincy Market, where it entertained tourists and shoppers — then disappeared into city lore after it was sold in 2005 at an auction organized by Disney.

Deon Point, Concepts creative director, told The Boston Globe (paywall) he spent five years following online threads — before finally spotting a listing for the relic on eBay.

  • The discolored, crumbling Mickey was on a New Jersey lawn.

Point hired a local artist to refurbish and repaint the statue.

Share on Facebook Tweet this Story Post to LinkedIn Email this Story
 
 

A message from Instagram

Instagram's daily time limits can help teens spend less time online
 
 

Parents can help teens spend time online more intentionally with Instagram's daily time limits, which lets them say how long their teens can spend on the platform once supervision is set up.

Set up daily time limits and explore 30+ tools that can help teens have a positive experience on Instagram.

 

πŸ“¬ Thanks for starting your Sunday with us. Please invite your friends to sign up to get their daily essentials — Axios AM, PM and Finish Line.

HQ
Are you a fan of this email format?
Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it.
 

Axios thanks our partners for supporting our newsletters. If you're interested in advertising, learn more here.
Sponsorship has no influence on editorial content.

Axios, 3100 Clarendon B‌lvd, Arlington VA 22201
 
You received this email because you signed up for newsletters from Axios.
Change your preferences or unsubscribe here.
 
Was this email forwarded to you?
Sign up now to get Axios in your inbox.
And make sure you subscribe to Mike's afternoon wrap up, Axios PM.
 

Follow Axios on social media:

Axios on Facebook Axios on Twitter Axios on Instagram
 
 
                                             

No comments:

Post a Comment

7 Best Stocks for the Next 30 Days

Free from Zacks Investment Research  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌...