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☆ Cassidy Hutchinson secretly back-channeled with the Jan. 6 committee before blindsiding her Trump-aligned lawyer in a bombshell deposition
  + stars: | 2022-12-23 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +11 min
Hutchinson told the panel that her Trump-aligned lawyer advised her to mislead lawmakers. ""Look, we want to get you in, get you out," Hutchinson said Passantino told her before the appearance. Reach out to them," Hutchinson told the panel, paraphrasing what Passantino told her of a job offer connected to former top Trump aide Jason Miller. Hutchinson said she told Farah, who was also a former House aide, to back channel with the January 6 committee. Former Trump White House aide Cassidy Hutchinson arrives for her public testimony in front of the January 6 committee.
☆ Elon Musk, 'Chief Twit'
  + stars: | 2022-12-21 | by ( Kenneth Li | ) www.reuters.com   time to read: +5 min
He solicited the view of the public before restoring banned accounts belonging to former U.S. President Donald Trump and other prominent U.S. election deniers. Most declined to return and work under “hardcore” conditions that entailed sleeping at the office as one employee demonstrated on Twitter. He has floated ideas ranging from building a version of China’s WeChat, a super app that would include everything from shopping to banking to social media. It has always punched above its weight and remains the preferred social media megaphone for world and industry leaders, revolutionaries and the media. Look to Musk to stoke political outrage in 2023 as he backs Florida Governor Ron DeSantis for a 2024 U.S. presidential bid while enticing Trump to start tweeting again.
☆ Compass is reeling from a horrible year, from financial losses to tech troubles to mass layoffs
  + stars: | 2022-12-18 | by ( Matt Turner | Daniel Geiger | Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
You can get the latest on that and much more from our finance newsletter, 10 Things on Wall Street. It's a snappy weekday read with the biggest stories on the Street, plus the latest on hot-spot restaurants, industry parties, and so much more. On the agenda today:Up first: Senior real-estate correspondent Daniel Geiger is giving us a behind-the-scenes look at the recent turmoil at Compass. With home sales dipping amid rising interest rates, Compass has cut workers and bled cash. In June, it laid off about 450 corporate staff, and in October, it let go of about half its 1,500-person tech team.
☆ Happy hours, holiday parties, and office gossip are back. For remote workers, the FOMO is real.
  + stars: | 2022-12-15 | by ( Rebecca Knight | ) www.businessinsider.com   time to read: +8 min
Much is written about the professional opportunities remote employees miss by not working in person. On an intellectual level, I realize it's silly to experience pangs of FOMO for work get-togethers that I can't possibly go to. But on a middle-school level, I can't help but feel a stab of sadness about not being included in office social life, especially during this most social time of year. But now that more employees are back to in-person work, there are good times to be had — and remote employees are taking notice. Remote work works for my life, my family, and my job, and despite the drawbacks, I'd rather be WFH than any other setup.
☆ tWitch tributes: Friends honor dancer who was 'loved by everyone'
  + stars: | 2022-12-14 | by ( Dan Heching | ) edition.cnn.com   time to read: +7 min
CNN —The late Stephen “tWitch” Boss was a man who wore many hats. He was hungry, eager, and willing to do the work that would lift him in spirit and means,” she wrote. Murphy shared that the first time she met Boss, “there was something about him. Other celebrities to mourn Boss’s passing included Questlove, who wrote on Instagram, “I have no words man. Ciara continued in her missive to Boss that she always knew him “as joy, laughter, good times, and a big smile!
☆ Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests
  + stars: | 2022-12-05 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com   time to read: +16 min
Reuters could not determine the full scope of the federal investigation or whether it involved the same alleged problems with animal testing identified by employees in Reuters interviews. Musk has pushed hard to accelerate Neuralink’s progress, which depends heavily on animal testing, current and former employees said. Delcianna Winders, director of the Animal Law and Policy Institute at the Vermont Law and Graduate School, said it is “very unusual” for the USDA inspector general to investigate animal research facilities. In September, the company responded to employee concerns about its animal testing by holding a town hall to explain its processes. “We’re extremely careful,” he said, to make sure that testing is “confirmatory, not exploratory,” using animal testing as a last resort after trying other methods.
☆ How FTX's implosion put crypto news sites like CoinDesk, The Block, and Decrypt in the spotlight as they work to fend off an ad slump and conspiracy theories about their coverage
  + stars: | 2022-11-24 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com   time to read: +15 min
Crypto news sites like CoinDesk, The Block, and Decrypt have dominated coverage of the FTX implosion. Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. "We cover the good, the bad and the ugly," Dan Roberts, the editor-in-chief of Decrypt, told Insider. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet.
☆ The story of Sam Bankman-Fried's FTX implosion put crypto news sites like CoinDesk and The Block on the map. Inside their plan to fend off an ad slump and conspiracy theories — and keep winning.
  + stars: | 2022-11-21 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com   time to read: +14 min
Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. Crypto media kicks into overdriveRoberts said Decrypt's traffic doubled during the first week of the FTX saga. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet. "It's now a situation where the crypto media has egg on their face.
☆ Elon Musk's demands to make Twitter workers put in 'long hours at high intensity' is actually what many employers want, but won't say
  + stars: | 2022-11-16 | by ( Shana Lebowitz | ) www.businessinsider.com   time to read: +4 min
Musk emailed Twitter employees Wednesday telling them they could either work all the time or quit. The email shows the stronghold that the concept of the "ideal worker" has on corporate America. "We will need to be extremely hardcore," wrote Musk, who became the owner of Twitter in October. Musk often flaunts his commitment to his workThe transition to "hardcore" work, Musk wrote in the email, "will mean working long hours at high intensity. The ideal worker is always available to meet the needs of a boss or a client.
☆ It's not just Elon Musk. Your boss probably wants you to put in 'long hours at high intensity' too.
  + stars: | 2022-11-16 | by ( Shana Lebowitz | ) www.businessinsider.com   time to read: +4 min
The email shows the stronghold that the concept of the "ideal worker" has on corporate America. On Wednesday, Elon Musk emailed Twitter employees with new expectations for them. "We will need to be extremely hardcore," wrote Musk, who became the owner of Twitter in October. Musk often flaunts his commitment to his workThe transition to "hardcore" work, Musk wrote in the email, "will mean working long hours at high intensity. The ideal worker is always available to meet the needs of a boss or a client.
☆ Donald Trump tells donors to help Republicans win the US Senate — by giving his own political committees money
  + stars: | 2022-11-10 | by ( Madison Hall | Dave Levinthal | ) www.businessinsider.com   time to read: +4 min
Who will control the US Senate is still unknown as results from Arizona and Nevada continue trickling in. A text message sent from former President Donald Trump's political committees Save America Joint Fundraising CommitteeSave America Joint Fundraising CommitteeTrump's PACs could choose to use some of that money to boost the remaining GOP Senate candidates. The rest of it — nearly $70 million in Save America alone, per federal records — remains unspent. Some of the biggest candidate-related spending Trump's Save America PAC has done this year? On Tuesday night, the Save America Joint Fundraising Committee blasted another fundraising missive with the message: "DO YOU WANT PRESIDENT TRUMP TO RUN IN 2024?"
☆ Rishi Sunak and the Rise of the ‘Short King’
  + stars: | 2022-11-01 | by ( Jacob Gallagher | ) www.wsj.com   time to read: 1 min
With inflation rising and energy prices climbing, Brits certainly have a lot on their mind. Yet for some in the Commonwealth the topic of conversation last week was not their wallets, but the stature of their new prime minister, Rishi Sunak . “Rishi Sunak has not addressed the public because he is simply too short to see over the lectern,” offered one tweet. “Rishi Sunak really showing 2022 is the year for Short Kings,” read a softer missive. (“Short king” is internet slang for a not-quite-towering individual who nonetheless exudes confidence.)
☆ A Progressive Reversal on Ukraine Letter
  + stars: | 2022-10-27 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Congratulations to Democratic leaders for taking on a progressive revolt in Congress and causing a reversal of a statement suggesting reduced support for U.S. aid to Ukraine. Vladimir Putin watches American politics closely, and this was a sign of U.S. retreat that needed to be beaten back. Washington Rep. Pramila Jayapal , chair of the Congressional Progressive Caucus, withdrew on Tuesday a letter that 30 Members of the caucus had sent a day earlier to the White House. The letter had urged President Biden to pursue diplomacy with Russia to end the war in Ukraine. The missive was a terrible message to send while Mr. Putin is bombing civilian targets in Ukraine even as his troops retreat from territory they occupied early in the invasion.
☆ Matthew Perry reflects on ending his relationship with Julia Roberts: 'I was broken'
  + stars: | 2022-10-25 | by ( Dan Heching | ) edition.cnn.com   time to read: +3 min
CNN —Matthew Perry opens up in his new book about his attention-getting relationship with Julia Roberts in the mid-1990s and the reason it came to an end. “When I opened it, there she was, there was a smiling Julia Roberts on the other side. I believe I said something like, ‘Oh, that Julia Roberts,’” Perry says in the memoir, recalling his Chandler-style reaction. In his memoir, Perry also discusses his struggles with alcohol and addiction and what ultimately led him to sobriety. And the main thing was, I was pretty certain that it would help people.”“Friends, Lovers and the Big Terrible Thing,” by Matthew Perry, will be published by Headline on November 1.
☆ Fed's Powell, on eve of next rate hike, urged to protect jobs
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +3 min
[1/2] Federal Reserve Board Chairman Jerome Powell hosts an event on "Fed Listens: Transitioning to the Post-pandemic Economy" at the Federal Reserve in Washington, U.S., September 23, 2022. REUTERS/Kevin LamarqueOct 25 (Reuters) - U.S. Senate Banking Committee Chair Sherrod Brown on Tuesday urged Federal Reserve Chair Jerome Powell to be careful about tightening monetary policy so much that millions of Americans already suffering from high inflation also lose their jobs. Fed policymakers are widely expected to deliver a fourth straight supersized interest-rate hike when they meet next week, bringing the policy rate to 3.75%-4% as part of what has been the sharpest set of rate increases in about 40 years. But he has also argued that beating inflation - running at more than three times the Fed's 2% target - is the only way to ensure long-term labor market strength. Fed policymakers say the research shows inflation is being driven both by sky-high demand and supply constraints, and that regardless of the cause, they are committed to doing what they can to bring it down.
☆ Pelosi reaffirms US support for Ukraine 'until victory is won' after progressive lawmakers push for talks with Russia
  + stars: | 2022-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +3 min
Speaker Nancy Pelosi issued an implicit rebuke of progressive lawmakers. Pelosi reaffirmed US support for Ukraine after 30 lawmakers called for the US to hold direct talks with Russia. "Under President Biden, our support for Ukraine – and our determination to defend democracy – is here to stay until victory is won. The letter written by 30 House progressive lawmakers to President Joe Biden did not threaten future aid. "Nothing about Ukraine without Ukraine," as Secretary of State Antony Blinken has said.
☆ Trump solicits cash right after the January 6 committee votes to subpoena him and tells supporters he's fighting for their 'heritage'
  + stars: | 2022-10-13 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +4 min
The nine-member committee unanimously voted to subpoena Trump for testimony. ", Trump prompts supporters to donate at least $45 to the Save America Joint Fundraising Committee, which is composed of two of his post-presidential political committees: Save America and Make America Great Again PAC. A fundraising email sent by one of former President Donald Trump's political committees on October 13, 2022. Save AmericaThe nine-member committee unanimously voted to subpoena Trump for testimony concerning the riot at the close of the hearing on Thursday. As of August 31, Save America alone reported about $92.8 million in reserve, according to a filing with the Federal Election Commission.
☆ Trump’s Real Trade Record
  + stars: | 2022-07-05 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Gantry cranes and containers at the Yangshan Deepwater Port in Shanghai, July 5, 2022. Photo: Qilai Shen/Bloomberg NewsIn a recent editorial we critiqued President Trump’s proposal for a 10% border tax on anything and everything imported by the U.S., and the self-proclaimed Tariff Man has upbraided us in a letter. This is a good debate to have, and Mr. Trump begins his missive by boasting that while he was in office the trade deficit with China was falling before Covid-19 hit.
Persons: Qilai Shen, Trump’s, Trump Organizations: Bloomberg Locations: Port, Shanghai, U.S, China, Covid
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