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☆ Why Zuckerberg's Threads App Will Never Be the New Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Threads, the newest social-media app from Meta, rocketed past 100 million users less than a week after it went live. The app has since been hailed as the Twitter replacement people have been clamoring for since Elon Musk's takeover — and bungling — of the platform. That's because Meta isn't trying to fill the shoes of its competitor. In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

Persons: Mark Zuckerberg's, Adam Mosseri, Meta isn't, Donald Trump, —, Mosseri, Meta, Musk, it's, Jennifer S, that's, Paris Marx Organizations: Meta, Elon, Twitter, Facebook, Google, Transportation Locations: Australia, Canada, California, Paris

☆ Why Threads will never be the new Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

While Twitter became popular as a place to stay informed and get access to critical information, Meta wants Threads to be a hangout space for lifestyle brands and influencers. Enter: ThreadsIn a Threads post, Mosseri said that the company's goal "isn't to replace Twitter" but "to create a public square for communities on Instagram that never really embraced Twitter and for communities on Twitter (and other platforms) that are interested in a less angry place for conversations." In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. On some level, Threads' aversion to Twitter's free-flowing conversation makes sense — discourse on Twitter can get pretty toxic. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

☆ ‘And Just Like That’ Style Recap: Met Gala Madness
▼ + stars: | 2023-06-22 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

Madison Malone Kircher: In case you didn’t spot it, Carrie kicks off Episode 1 in a New York Times sweatshirt: white, oversize, with a subtle little logo. LL: The New York Times, leaving money on the table since 1851. MMK: There was also that “I Love Central Park” sweatshirt in Season 1. The Carrie of “And Just Like That” seems eager to wear her engaged-citizen bona fides on her sleeve (or sweatshirt, or phone case). LL: I cackled at the theme of this fictional Met Gala — “Veiled Beauty” — for its sheer plausibility.

Persons: Madison Malone Kircher, Carrie, “, ”, fides, —, Callie Holtermann, Lisa Todd, Valentino Organizations: New York Times

☆ Ron DeSantis blasts Biden for being 'out of touch' amid reports that DeSantis and his wife flew on a donor-funded private jet at least 12 times
▼ + stars: | 2023-06-21 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Ron DeSantis' campaign blasted Joe Biden as an "out of touch executive" in a fundraising email. The email came an hour after The Washington Post reported that the DeSantis' flew on a private jet funded by a wealthy donor at least 12 times. Ron DeSantis put out a fundraising email Wednesday accusing President Joe Biden of being an "out of touch executive." The email came one hour after The Washington Post reported that DeSantis and his wife, Casey, flew on a private jet funded by a wealthy donor at least a dozen times. The report said that Mori Hosseini, a prominent home developer in Florida, lent the DeSantis' his private jet as recently as February.

Persons: Ron DeSantis, Joe Biden, DeSantis, —, Casey, Mori, Elon Musk, Weeks, Musk's Tesla, Donald Trump —, Biden Organizations: Washington Post, Service, Gov, Twitter Locations: Florida, New Hampshire

☆ Pope to visit Mongolia, home to just 1,300 Catholics
▼ + stars: | 2023-06-03 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

Last August, Francis named Archbishop Giorgio Marengo, an Italian, the first cardinal to be based in Mongolia, where he is the Catholic Church's administrator. According to Fides, the news agency of the Vatican's missionary activities, there are about 1,300 baptized Catholics in Mongolia among a population of about 3.3 million people. Although the number of Catholics in Mongolia is smaller that most individual parish churches in many countries, the country is significant for the Vatican. Mongolia, once known as Outer Mongolia, was part of China until 1921, when it achieved independence with the help of the then Soviet Union. Francis is due to visit Portugal from Aug. 2-6 to attend the World Youth Day in Lisbon and visit the Shrine of Fatima.

Persons: Pope Francis, Matteo Bruni, Francis, Archbishop Giorgio Marengo, Marengo, Fides, Keith Weir, Toby Chopra, Mark Potter Organizations: CITY, Roman Catholic Church, Vatican, Catholic, U.S . State Department, Fatima, Thomson Locations: Mongolia, China, Rome, Africa, Soviet Union, Inner Mongolia, Western Europe, Portugal, Lisbon, India

☆ How Chick-fil-A became a target for going ‘woke’
▼ + stars: | 2023-06-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

It joins a growing list of companies that right-wing media and conservatives on social platforms have chastised for so-called “woke” marketing. But Chick-fil-A is an unusual target for the right wing because of the company’s conservative bona fides. The fact that Chick-fil-A has been trending online and the subject of conservative media news segments shows the power that a few people with large social media followings can have. Chick-fil-A says it is “committed to being better at together.”“Our founder, Truett Cathy, believed that ‘a great company is a caring company,’” Chick-fil-A notes on its DEI web page. In 2012, former Chick-fil-A President Dan Cathy spoke out against America’s legalization of same-sex marriage, which sparked boycotts from the left.

Persons: New York CNN —, Joey Mannarino, Charlie Kirk, Ian Miles Cheong, What’s, Erick McReynolds, Chick, who’s, “, ” “, Truett Cathy, ’ ”, McReynolds, Dan Cathy, It’s, Bud Light, Dylan Mulvaney, Bud Light’s, ”, Matt Walsh Organizations: New, New York CNN, DEI, Inc, Target, Anheuser, Beer Business, Twitter Locations: New York, statehouses

☆ Philip Morris International CEO aims to make its stock an ESG investment, FT reports
▼ + stars: | 2023-05-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The majority of those sales come from PMI’s “heated tobacco” products, which use electricity to warm, rather than burn, tobacco. “This requires system-level change.”Philip Morris International, headquartered in Switzerland, is the multinational firm that sells Marlboro brand cigarettes in non-US markets. It was spun off in 2008 from Altria Group, which controls Philip Morris USA. That’s especially true in Europe, where ESG accounted for 65% of all flows into ETFs in 2022, according to Morningstar data. Olczak touted PMI’s ESG bona fides on transparency, though he also acknowledged that the use of child labor in tobacco supply chains harmed his company’s ESG rating.

Persons: Philip Morris, Jacek Olczak, ” Olczak, “ I’m, Philip Morris …, ”, ” Philip Morris, ESG, Olczak, “ Organizations: New, New York CNN, Tobacco, Philip Morris International, Financial Times, CNN, ” Philip Morris International, Marlboro, Altria Group, Philip Morris USA, drillers, Morningstar Locations: New York, Switzerland, Europe

☆ Inside a debt ceiling standoff ‘far more dangerous than people will recognize’
▼ + stars: | 2023-05-31 | by ( Jeremy Diamond Lauren Fox Melanie Zanona Phil Mattingly Arlette Saenz Kevin Liptak | Jeremy Diamond | Lauren Fox | ) edition.cnn.com time to read: +17 min

“She’s well respected by both sides,” McCarthy said of the former longtime House Appropriations Committee staffer, according to White House officials. “Asking me about the communication (with the White House) implies there was communication,” one House Democrat said. For the White House negotiators, that meant late nights and early mornings. The White House negotiators left Capitol Hill abruptly and for hours, it was unclear when the conversations would resume. Quietly, White House negotiators had never actually stopped talking to their Republican counterparts.

Persons: Joe Biden, Kevin McCarthy, McCarthy, “, “ You’ve, ” Rep, Patrick McHenry, Biden, Steve Ricchetti, Shalanda Young, Louisa Terrell, ” McCarthy, James S, Alex Wong, Young, Garret Graves, ” Graves, Graves, Tom Cole of, ” Cole, White, Jeff Zients, McHenry, ‘, Chuck Schumer, Hakeem Jeffries, Ricchetti, ”, ” Terrell, Dan Meyer, –, apprised, decamping, ’, Anna Moneymaker, nonstarters, ” McHenry, McHenry –, —, Susan Walsh, businesslike, Biden’s, Eisenhower, Zients, Jose Luis Magana, Young –, Louisianans –, Jim Clyburn, Clyburn, Annie Kuster, ” Kuster, wasn’t, ” Young Organizations: CNN, White, ”, Republican, Legislative, Young, Management, Brady, Capitol, White House, GOP, McCarthy’s, Pennsylvania, Capitol Hill, U.S, Biden, Democrat, Democratic, Republicans, Building, Air Force, West Executive, LSU Tigers, South Carolina Democrat, New Democrat Coalition, Democrats Locations: Irish, Washington , DC, Louisiana, Tom Cole of Oklahoma, McHenry, Hiroshima, Japan, Washington

☆ Here are the 2 very different execs in contention to be CEO of Morgan Stanley
▼ + stars: | 2023-05-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?

Ron DeSantis has said little publicly about the six-week abortion ban he signed this year or about former President Donald Trump. “Some people are at six weeks, some people are at three weeks, two weeks,” Trump told CNN’s Kaitlan Collins. “Without me there would be no 6 weeks, 10 weeks, 15 weeks, or whatever is finally agreed to. Thank you President TRUMP!! DeSantis signaled early that he intended to track to the right of Trump on at least one issue: the pandemic response.

☆ Startups want to use blockchain technology to improve the carbon-credit markets. Here's why big names in the climate industry are warming up to the idea.
▼ + stars: | 2023-04-22 | by ( April Joyner | ) www.businessinsider.com time to read: +8 min

Startups including Toucan and Topl are building blockchain tools for issuing carbon credits. Several companies, including Toucan, Return, Topl, and Open Forest Protocol, are now aiming to improve the transparency and reliability of carbon credits by coupling climate initiatives with blockchain technology. Erin MurphyThe need for greater transparency in carbon marketsCompanies buy carbon credits to offset the amount of greenhouse-gas emissions their business activity generates. Aureus EarthThe potential benefits of credits on the blockchainThat's where blockchain technology comes in, Murphy and other proponents said. Despite the flaws of that initial attempt, it showed ample market demand for blockchain-based carbon credits, Hoopes said.

☆ Abortion Surges to the Center of the 2024 Campaign
▼ + stars: | 2023-04-22 | by ( Katie Glueck | ) www.nytimes.com time to read: +2 min

“In 2022, a lot of Republican candidates took their D.C. consultants’ bad advice to ignore the subject,” she said in a speech. Nicole McCleskey, a Republican pollster who worked for the successful re-election campaign of Gov. Kim Reynolds of Iowa last year, pointed to Ms. Reynolds, Gov. Brian Kemp of Georgia as examples of leaders who embraced tight abortion restrictions but were not defined by that issue alone. All three swept to comfortable victories in states that often lean right, but are not the nation’s most conservative states.

☆ New York City Has Two Million Rats and One New Rat Czar
▼ + stars: | 2023-04-21 | by ( Jimmy Vielkind | Joseph Pisani | ) www.wsj.com time to read: 1 min

Kathleen Corradi ’s anti-rat bona fides date to grade school, when she organized a petition drive to have her Long Island town do something about an infestation behind her house. Now, she has been crowned New York City’s rat czar. The 34-year-old beat out 900 other applicants for a position that, the job posting said, requires a “swashbuckling attitude, crafty humor, and general aura of badassery.” Mayor Eric Adams , who announced it last week, has been vocal about his hatred of a rodent thought to number around two million in New York.

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

☆ Trump, other 2024 hopefuls seek NRA's blessing amid spate of shootings
▼ + stars: | 2023-04-14 | by ( Alexandra Ulmer | Thomson Reuters | U.S. National Affairs Correspondent Who Spent Four Years In Venezuela Covering President Maduro'S Administration | ) www.reuters.com time to read: +4 min

A number of hopefuls, including Trump's closest rival, Florida Governor Ron DeSantis, are deliberating if and when to jump into the 2024 race to challenge the former president for the nomination. Trump, whom the NRA enthusiastically backed in 2016 before he was even officially declared the Republican presidential candidate, will address gun aficionados in person on Friday. DeSantis, and other White House hopefuls, Nikki Haley and Senator Tim Scott, will do so by video message. Trump's campaign website says he will "always defend your Second Amendment right to keep and bear arms," but does not provide detailed policy proposals. For some fervent NRA members, however, neither Trump nor DeSantis are committed enough to the cause.

☆ Republicans in battleground states sidestep endorsing Trump as they eye 2024 Senate bids
▼ + stars: | 2023-04-14 | by ( Nicole Gaudiano | Warren Rojas | ) www.businessinsider.com time to read: +7 min

Republicans weighing 2024 Senate bids in key states haven't settled on Donald Trump for 2024. "As Senate Republican's primary dynamics get messier by the day, Senate GOP candidates are in a lose-lose situation when it comes to Trump," said Nora Keefe, a spokesperson for the Democratic Senatorial Campaign Committee. Representatives for the three GOP prospects and the Senate GOP campaign arm either did not elaborate or respond when asked for comment. Rep. Mike Gallagher, a potential Senate candidate in another battleground state, Wisconsin, has repeatedly said he would not support Trump since the Trump supporters stormed the US Capitol in the January 6 insurrection. I stand by what I said," he said during an Axios forum when asked if he would support Trump if he becomes the nominee.

☆ China Warns Taiwan, With an Eye on Rest of the World
▼ + stars: | 2023-04-09 | by ( Jonathan Cheng | ) www.wsj.com time to read: 1 min

BEIJING—China is attempting to balance its fury over Taiwan with a desire to play the role of global peacemaker—a delicate two-step that comes as China seeks to sustain a burst of diplomatic momentum and establish itself as a new global counterbalance to Washington. By sending an aircraft carrier toward Taiwan and launching live-fire exercises, Beijing wants to send a stern message to Taipei after a groundbreaking U.S. meeting. But so far, it has held off on a more aggressive show of force that could tarnish its bona fides as a benign and responsible global power.

☆ Eileen Fisher Is Back. Her Fans Are Younger Than Ever.
▼ + stars: | 2023-04-08 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Taylor Pierce wears Eileen Fisher. She is among the brand’s new cohort of younger customers. Fashion designer Eileen Fisher has earned die-hard fans for decades for her simple, refined clothing, as well as for her groundbreaking sustainability and management practices. Ms. Fisher, who has won pretty much every sustainability award in the fashion industry, today owns 60% of the Irvington, N.Y.-based company, with the remaining 40% owned by her employees. Despite those bona fides, Eileen Fisher has also, at times, been a punchline.

☆ Here's the 9-page pitch deck Tealbook used to raise its $50 million Series B and help businesses source from more diverse suppliers
▼ + stars: | 2023-04-02 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

The startup uses AI-boosted data to help institutions source from more diverse suppliers. Check out the nine-page pitch deck below. Ownership data can help meet diverse sourcing claims; raw-materials data can help with ethical sourcing goals; carbon-emissions data can help with climate goals. Here's the pitchbook Lapierre used to land her $50 million Series B round led by Ten Coves Capital, with participation from BDC Capital, Grand Ventures, RBC Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures, RTP Global, Workday Ventures, CIBC Ventures, and Good Friends. Tealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck Tealbook

☆ The prosecutor in the Trump case waded into treacherous political waters.
▼ + stars: | 2023-03-20 | by ( Jonah E. Bromwich | ) www.nytimes.com time to read: +1 min

But the Trump question came to dominate the Democratic primary as the race entered its final stretch in 2021. As the district attorney’s investigation against the former president began to heat up, Mr. Bragg and his opponents started to signal to prospective voters that they had the bona fides to lead a potential prosecution of Mr. Trump. Mr. Bragg had some history to draw on. Still, as a candidate, Mr. Bragg was mostly focused elsewhere. When Mr. Bragg took office, and his prosecutors were presenting evidence about Mr. Trump and his businesses to a grand jury, the new district attorney stopped them, concerned that the case, which centered on whether Mr. Trump fraudulently inflated the value of his properties, was not strong enough to move forward.

☆ Big Oil mega-deals would put investors on the spot
▼ + stars: | 2023-02-02 | by ( George Hay | ) www.reuters.com time to read: +5 min

So are Shell (SHEL.L), BP (BP.L) and TotalEnergies (TTEF.PA), but investors value U.S. oil majors way higher than European ones. $473 billion Exxon and $331 billion Chevron trade at 6 times expected EBITDA for 2023, twice the average of $210 billion Shell, $154 billion Total and $109 billion BP. One reason why is that as oil prices have soared, American drillers look more attractive than European ones that are also pressing into potentially lower-return renewable energy. Imagine Chevron or Exxon acquired BP for $170 billion, factoring in a 30% premium to its market capitalisation, plus debt. Any cross-border deal would see Chevron’s Mike Wirth or Exxon’s Darren Woods take a big bet on continuing high oil prices, and also attract political heat.

Biden noted that 2,200 trains ride through it daily, making it the busiest tunnel in the United States. "Folks talk about how badly the Baltimore tunnel needs an upgrade. Trains that travel through the tunnel now at 30 miles per hour will travel at 110 mph when renovations are through, Biden said. In Washington, Biden faces a colder reality as Republicans, now in control of the House of Representatives, threaten to block his economic agenda, bog down his programs in investigations and prevent the raising of the debt ceiling to force spending cuts. Biden plans a similar event on Tuesday in New York related to that city's Hudson Tunnel project.

☆ Biden to promote Baltimore spending as Republicans try to force cuts
▼ + stars: | 2023-01-30 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

In Washington, Biden faces a colder reality as Republicans, now in control of the House of Representatives, threaten to block his economic agenda, bog down his programs in investigations and prevent the raising of the debt ceiling to force spending cuts. Monday's event takes Biden, a Democrat who touts his alliance with labor unions, to liberal Baltimore at an event expected to be attended by the state's governor and two senators, all Democrats. He is expected to announce an agreement between Amtrak and a labor group on the tunnel project, according to a White House official. Biden plans a similar event on Tuesday in New York related to that city's Hudson Tunnel project. On Friday, he will highlight the infrastructure bill's provisions replacing toxic lead pipes at an event in Philadelphia.

But add a candidate representing the Bernie Sanders wing of the party, Ro Khanna, and a living legend who got her start with the Black Panthers and would become the only Black woman in the Senate, Barbara Lee — now you're talking about a California Senate race for the ages. Reaching voters isn’t easy in California, with a population approaching 40 million and a land mass bigger than that of many countries. But the race will affect the future of the Democratic Party, both in California and beyond. “An appointment would be a way to make sure that this country has the essential voice of a Black woman,” Allison said. And I don’t see and I don’t understand why it isn’t happening.”Meanwhile, as Lee watches Feinstein, Bernieworld is watching Lee.

☆ The most common lies people put on their résumés — and why they do it
▼ + stars: | 2023-01-26 | by ( Jonathan Small | ) www.businessinsider.com time to read: +4 min

65% of respondents say lying in the hiring process helped them land a higher salary. The biggest lie was about education, with 44% of respondents saying they stretched the truth regarding their academic bona fides. Lies during the job interviewThe lying game doesn't end with the résumé. The most common lie in job interviews is years of experience. Sixty-five percent of respondents say lying in the hiring process helped them land a higher salary.

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