August, 08 2022

⚡️ Axios Bought by Cox Enterprises

Cox Enterprises has acquired the news/media company Axios, known for their short-form news reporting and newsletters, for $525 million. The three founders of Axios will stay on the company board and continue making daily editorial decisions.

⚖️ Senate Passes Inflation Reduction Act

The Senate passed the Inflation Reduction Act on Sunday, sending the massive climate, health care, and tax bill to the House this week. President Biden urged the House to pass the bill as quickly as possible. Biden thanked Senator and Majority leader Chuck Schumer for his dedication to finding a compromise with fellow Democrats to pass the bill.

💻 Nvidia Shares Slump

The graphic processing units and chip designer Nvidia announced they expect their second-quarter earnings to be less than expected by experts. They cited falling demand for video or online gaming as the reason for the anticipated 19% drop from their first-quarter earnings.

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💻 Stopping Tornado in its Tracks

The crypto-mixing service, Tornado, which was allegedly used by North Korean hackers and the hackers who made off with Nomad's digital assets, has been sanctioned and blacklisted by the U.S.

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🍿 David McCullough Passes Away

The Pulitzer Prize-winning historian David McCullough passed away today at 89. McCullough will be remembered for his kind spirit, lovingly crafted books on everything from the Brooklyn Bridge to President Truman, and his epic \"1776\" about the American revolution.

🍿 Nicki the Vanguard

Rapper Nicki Minaj will receive the Video Vanguard Award on August 28th at the VMA's. She will also perform live at the show for the first time since 2018.

🍿 Gabby Petito's Family Sues Police in Moab, Utah

The family of Gabby Petito is suing the police in Utah for $50 million for failing to protect her from her boyfriend at the time, Brian Laundrie.

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⚖️ George and Travis McMichael Sentenced Again

In February 2020, Travis McMichael, his father George McMichael and their friend William Bryan followed and killed Ahmaud Arbery. Today, Travis and George McMichael were sentenced again to life in prison, plus ten years, for federal hate crimes.

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🍿 Sandy in the Sky

Actress Olivia Newton-John, who played Sandy in \"Grease,\" has passed away at 73, according to her family. Newton-John was a Grammy-winning singer and songwriter.

🍿 Pac-Man on the Silver Screen

Wayfarer and Bandai Namco are developing a live-action Pac-Man movie. There have been two television series based on the beloved video game, but this is the first movie based on the Japanese game.

⚖️ DeSantis is on the Move

Florida Governor Ron DeSantis will head to key battleground states this month to campaign for Trump-backed candidates ahead of the midterm elections.

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💻 Groupon or Group-off

Groupon laid off 500 staffers today in their merchant development, sales, recruiting, engineering, product, and marketing teams. Groupon says it is just one of the many measures they are taking to cut costs and reconfigure the business to increase revenue. Groupon also announced their quarter two earnings today, which were $1 billion.

💻 Lyft Gets Serious About Media

The ride-sharing app Lyft is creating a media division devoted to increasing its presence in the advertising world, focusing on pushing its digital advertising business to cars, ads, tablets, mobile apps, rooftops, and bicycles. Users of Lyft's many services will start seeing more ads, and theoretically, the company will see more revenue.

💻 Out of Bed with Binance

Binance is telling users to transfer their assets from the WazirX platform and that they will no longer provide easy off-chain transactions between the two platforms. Binance acquired WazirX in 2019, but the deal never officially went through, and now that India has frozen WazirX's assets, Binance is severing ties with the Indian cryptocurrency start-up.

🍿 Kosovo's Newest Ambassador

The singer Dua Lipa has been named the honorary ambassador of her home country, Kosovo. She was presented the title by the President of Kosovo, Vjosa Osmani Sadriu.

🍿 Ezra Miller Charged for Burglary

The increasing erratic actor Ezra Miller has been charged with Felony Burglary after entering an unoccupied residence in Vermont and stealing several bottles of alcohol. The Flash star has been on a very public downward spiral after allegations broke of abusing his star status to influence and intimidate minors and assaulting patrons at a bar in Iceland.

🍿 RIP Roger E. Mosely

Actor Roger E. Mosely who played Theodore \"T.C.\" Calvin in Magnum P.I., passed away today at 89. Mosely also starred in films like The Midnight Special and Leadbelly.

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The context
Richard Liu settled a sexual misconduct case, which was meant to go to civil trial today in Minneapolis. The JD.com tycoon was accused of assaulting Liu Jingyao, a former University of Minnesota student, in 2018. The amount of the settlement was not disclosed by either party.
Technology
Monday, October 3, 2022

Richard Liu Case Settles

Richard Liu settled a sexual misconduct case, which was meant to go to civil trial today in Minneapolis. The JD.com tycoon was accused of assaulting Liu Jingyao, a former University of Minnesota student, in 2018. The amount of the settlement was not disclosed by either party.
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China's MeToo movement

  • Richard Liu Qiangdong is the founder of the e-commerce company JD.com.
  • Liu Jingyao accused him of assaulting her in her apartment in 2018.
  • The case was a notable part of China's #MeToo reckoning; for some, the settlement is seen as an admission of guilt.
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Last minute twist

  • The case against Liu featured a series of video/audio clips from the night of the incident, which provided evidence that he pressured her to drink excessively and forced himself on her.
  • The switch to a last-minute-settlement shocked many.
  • The case has been closely followed in China because it was filed in a U.S. court, which gave the Chinese public unprecedented access to videos and press coverage.
  • Liu has remained in the public eye in China.
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Entertainment

Yates Wraps Up Investigation

October 3, 2022
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The context
The former U.S. Deputy Attorney General Sally Yates, on behalf of the US Soccer Federation, conducted an independent investigation into the systemic abuse and misconduct in women's professional soccer. The report, released today, shows that the National Women's Soccer League and USSF failed to provide a safe environment for players.
Entertainment
Monday, October 3, 2022

Yates Wraps Up Investigation

The former U.S. Deputy Attorney General Sally Yates, on behalf of the US Soccer Federation, conducted an independent investigation into the systemic abuse and misconduct in women's professional soccer. The report, released today, shows that the National Women's Soccer League and USSF failed to provide a safe environment for players.
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Systemic failure

  • The report was based on over 200 interviews with current and former coaches, staffers, and players.
  • The conclusion of the investigation found systemic abuse and misconduct within women's soccer, including rampant sexual misconduct and the use of abusive language toward players.
  • The investigation concluded that there were no protections in place for players. Teams prioritized coaches over player safety and well-being.
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Conclusion

  • The report opens by revealing an undisclosed revelation that Chisty Holly, a manager of the Racing Louisville team until 2021, sexually abused a player, identified as Erin Simon. He would inappropriately touch Simon "for every pass" she made a mistake on.
  • The investigation was triggered by a report published by The Athletic in 2021, which revealed that former Portland Thorns manager Paul Riley told two players to kiss each other to get their team out of doing conditioning.
  • The Chicago Red Stars, the Portland Thorns, and Racing Louisville did not fully cooperate with the investigation, blocking access to relevant documents and tampering with witness testimony.
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The context
The trial of five leaders of the right-wing extremist group, the Oath Keepers, began today. The trial is the highest profile Jan 6th case because the defendants, led by Stewart Rhodes and Kelly Meggs, helped organize the Capitol riot.
Politics
Monday, October 3, 2022

Oath Keepers Trial Begins

The trial of five leaders of the right-wing extremist group, the Oath Keepers, began today. The trial is the highest profile Jan 6th case because the defendants, led by Stewart Rhodes and Kelly Meggs, helped organize the Capitol riot.
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Their turn on trial

  • Prosecutors opened the trial today, arguing that the leaders of the Oath Keepers organized teams from across the country to descend on Washington D.C. before the riot.
  • The leaders' defense team is expected to argue that the Oath Keepers acted lawfully.
  • The trial finally began today after months of efforts by the defense team to try and move the trial out of D.C. on the basis that the jury would be overwhelmingly liberal, which was rejected by the presiding judge.
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Opening statements

  • The five members on trial pleaded not guilty to charges of seditious conspiracy.
  • The prosecutors opened the trial by establishing the presence of the defendants at the riots using iPhone footage of the attack on the Capitol building, and by accusing the defendants of preparing to do anything necessary to prevent the transfer of presidential power.
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