The Youngest Billionaires On The 2023 Forbes 400 List | Telling the Truth About Taiwan | The Right Way to Give Negative Feedback to Your Manager

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The Youngest Billionaires On The 2023 Forbes 400 List - Forbes

It’s hard to make the ranks of America’s very richest at any age, but it’s especially challenging for anyone under 40. Just look at the members of The Forbes 400 list of the wealthiest people in the U.S., who are 70 years old on average. Even those who do make fortunes early can’t always hold onto them.

That helps explain why there are only four Forbes 400 members under the age of 40, down from ten a year ago, as four drop out and another three age up. It’s the lowest number of under-40 billionaires on the list in at least two decades. They make up just 1% of the list.

Walmart heir Lukas Walton is now the youngest of all, at age 37. He inherited billions after his father, John Walton, died in a 2005 plane crash. Last year, Walton was only the fifth-youngest member on the list. Since then, Snapchat cofounders Bobby Murphy (age 35) and Evan Spiegel (33) have dropped from the ranks, as shares of Snap Inc. have fallen, and crypto moguls Sam Bankman-Fried (31) and Gary Wang (30) have gone down in flames, cratering from billionaires to basically bankrupt following the November 2022 collapse of their crypto exchange FTX and ensuing criminal fraud and conspiracy charges against them. Wang—who pleaded guilty to several wire fraud, commodities fraud and securities fraud charges in December—is now cooperating with prosecutors in their case against Bankman-Fried, who has maintained his innocence.

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Telling the Truth About Taiwan - The Atlantic

On a recent visit, a series of conversations brought home to me just how pernicious our falsehoods have been.

For some 50 years, American policy toward Taiwan has been based on the assertion that people on both sides of the Taiwan Straits believe that they are part of the same country and merely dispute who should run it and precisely how and when the island and the continent should be reunified. It is a falsehood so widely stated and so often repeated that officials sometimes forget that it is simply untrue. Indeed, they—and other members of the foreign-policy establishment—get anxious if you call it a lie.

It may have been a necessary lie when the United States recognized the People’s Republic of China, although it is more likely that the United States got snookered by Chinese diplomats in the mid-1970s, when they needed us far more than we needed them. It may even be necessary now, but a lie it remains. Acknowledging this fact is not merely a matter of intellectual hygiene but an imperative if we are to prevent China from attempting to gobble up this island nation of 24 million, thereby unhinging the international order in Asia and beyond.

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The Right Way to Give Negative Feedback to Your Manager - Harvard Business Review

Giving negative feedback, especially to someone with more power than you, takes a lot of courage.

Five months into starting his first job as a management trainee at a global advertising agency, everything was going great for Tariq, except for one thing: Daniel.

A high achiever with tons of experience and enthusiasm, his supervisor could be helpful at times. Other times, Daniel overstepped, particularly during team meetings. Although well-intentioned, Daniel constantly interrupted Tariq to elaborate on whatever point he was making.

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The Patriot - The Atlantic

The missiles that comprise the land component of America’s nuclear triad are scattered across thousands of square miles of prairie and farmland, mainly in North Dakota, Montana, and Wyoming. About 150 of the roughly 400 Minuteman III intercontinental ballistic missiles currently on alert are dispersed in a wide circle around Minot Air Force Base, in the upper reaches of North Dakota. From Minot, it would take an ICBM about 25 minutes to reach Moscow.

These nuclear weapons are under the control of the 91st Missile Wing of the Air Force Global Strike Command, and it was to the 91st—the “Rough Riders”—that General Mark Milley, the chairman of the Joint Chiefs of Staff, paid a visit in March 2021. I accompanied him on the trip. A little more than two months had passed since the January 6 attack on the Capitol, and America’s nuclear arsenal was on Milley’s mind.

In normal times, the chairman of the Joint Chiefs, the principal military adviser to the president, is supposed to focus his attention on America’s national-security challenges, and on the readiness and lethality of its armed forces. But the first 16 months of Milley’s term, a period that ended when Joe Biden succeeded Donald Trump as president, were not normal, because Trump was exceptionally unfit to serve. “For more than 200 years, the assumption in this country was that we would have a stable person as president,” one of Milley’s mentors, the retired three-star general James Dubik, told me. That this assumption did not hold true during the Trump administration presented a “unique challenge” for Milley, Dubik said.

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