From TradeBriefs <[email protected]>
Subject Why the prospect of a tax on unrealised gains has rattled Silicon Valley elites - FT (No paywall) - Aug 30, 2024
Date August 30, 2024 8:09 PM
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The top 25 stories curated by editors and fellow readers!

Editor's Pick

How to Pick a Career (That Actually Fits You) Wait But Why
[[link removed]}&lead=419599&emailid=56957&nl=daily is a
post about something I’ve been wanting to write about forever:
careers. Society tells us a lot of things about what we should want in
a career and what the possibilities are—which is weird because I’m
pretty sure society knows very little about any of this. When it comes
to careers, society is like your great uncle who traps you at holidays
and goes on a 15-minute mostly incoherent unsolicited advice
monologue, and you tune out almost the whole time because it’s super
clear he has very little idea what he’s talking about and that
everything he says is like 45 years outdated. Society is like that
great uncle, and conventional wisdom is like his rant. Except in this
case, instead of tuning it out, we pay rapt attention to every word,
and then we make major career decisions based on what he says. Kind of
a weird thing for us to do.

This post isn’t me giving you career advice really—it’s a
framework that I think can help you make career decisions that
actually reflect who you are, what you want, and what our rapidly
changing career landscape looks like today. You’re not a pro at
this, but you’re certainly more qualified to figure out what’s
best for you than our collective un-self-aware great uncle. For those
of you yet to start your career who aren’t sure what you want to do
with their lives, or those of you currently in the middle of your
career who aren’t sure you’re on the right path, I hope this post
can help you press the reset button on your thought process and get
some clarity.

Continued here [[link removed]}&lead=419599&emailid=56957&nl=daily]

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Work

Why the prospect of a tax on unrealised gains has rattled Silicon
Valley elites - FT (No paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
Democratic proposal faces long odds but has nevertheless alarmed
ultra-wealthy venture capitalists, entrepreneurs and investor

Work

Why corporate top brass defy neat investment models - FT (No paywall)
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Economists like to model corporate executives as razor-sharp
optimisers, using sophisticated analysis to pick investments. (No
doubt this is also how some managers like to see themselves.)
Potential projects must generate returns above a minimum hurdle rate,
which should depend on the companys cost of capital. If borrowing is
cheaper, then more projects should seem worthwhile. And rising rates
should make executives more discerning, holding back investment.















Work

Iran's new president wants better ties with the west. Can he succeed?
- FT (No paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
Masoud Pezeshkian pledged to boost the economy and ease social
restrictions. But he faces factional infighting, international
scepticism and hostilities with Israel

Work

A Key Western Ally Is Buckling Under Russian Pressure - WSJ (No
paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
As Georgia's government draws closer to Moscow, national elections
mark a flashpoint for the entire region














Work

Nvidia's Future Relies on Chips That Push Technologys Limits - WSJ (No
paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
As the company pushes the chip-making envelope, manufacturing hurdles
are causing delays and higher costs

Work

Kids Today: Your guide to the confusing, exciting, and utterly new
world of Gen Alpha
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Independent journalism is more important than ever. Vox is here to
explain this unprecedented election cycle and help you understand the
larger stakes. We will break down where the candidates stand on major
issues, from economic policy to immigration, foreign policy, criminal
justice, and abortion. We’ll answer your biggest questions, and
we’ll explain what matters — and why. This timely and essential
task, however, is expensive to produce.














Work

ABBA Tells Trump Campaign To Stop Using Its Music At Rallies--Joining
These Artists - Forbes (No paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
Swedish pop group ABBA asked former President Donald Trump to not play
its music at his rallies anymore, multiple outlets reported
Thursday—joining a number of other artists who have told the former
president to stop playing their hits.

Work

Gary Oldman: I've been overlooked by the honours system says Slow
Horses star [[link removed]}&lead=419599&emailid=56957&nl=daily]
One of the most decorated actors of his generation, he won a best
actor Oscar, Bafta and Golden Globe for playing Sir Winston Churchill
in Darkest Hour, plus two Baftas for Nil by Mouth, which he wrote and
directed.














Work

Hamas hostages: Stories of the people taken from Israel
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Alexander Trupanov, was taken hostage with his mother Lena Trupanov,
50, his partner Sapir Cohen, 29, and his grandmother Irina Tati, 73.
All were abducted from Kibbutz Nir Oz as they spent the Sabbath
together, according to a statement by Canada's Raoul Wallenburg Center
for Human Rights. Irina and Lena were released on Wednesday 29
November and Sapir was freed the next day.

Work

Gaza blogger Mohammad 'Medo' Halimy killed in alleged Israeli strike
[[link removed]}&lead=419599&emailid=56957&nl=daily]
The IDF told the BBC it could not confirm a strike took place in Khan
Younis on Monday, but said it was continuing to "counter threats while
persisting to mitigate harm to civilians" in Gaza.














Work

5 takeaways from Kamala Harris and Tim Walz's first joint interview
since launching their campaign - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=56957&nl=daily]
It was a high-stakes moment for Harris in particular. She has faced
criticism from Republicans and some in the media for largely avoiding
questions from reporters since launching her presidential campaign in
late July.

Work

Wall Street is making a crucial reversal on one huge issue - Business
Insider (No paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
When a small group of climate protesters logged on to a Zoom meeting
in early July to speak with Citibank's top sustainability executives,
their emotions ranged from cautious optimism to guarded skepticism.














Work

OpenAI is the new Nvidia for investors that even Nvidia wants in on -
Business Insider (No paywall) [[link removed]}&lead=419599&emailid=56957&nl=daily]
The AI startup is in talks for a new funding round led by Thrive
Capital that could value the company at more than $100 billion, The
Wall Street Journal reported on Thursday. Thrive Capital is putting up
$1 billion for the company, and others want in, according to the
report.

Work

Silicon Valley Wants to Fight Fires With Fire
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Kodama has raised $12 million for a business that is driven by the
reality that much of our forest land these days is stuffed with fuel
just waiting to ignite. A few hundred miles from Stanislaus, a man
drove a flaming car into a ditch in early August and started the Park
Fire, which burned an area larger than the city of Los Angeles.














Work

Why working longer is a bad retirement plan
[[link removed]}&lead=419599&emailid=56957&nl=daily]
When it comes to retirement age, there's a big gap in expectations
versus reality. Americans generally retire earlier than planned â
often due to factors beyond their control, such as poor health or job
loss, research shows.

Work

What Kamala Harris Said in CNN Interview
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Vice President Kamala Harris said helping address economic woes and
bolstering the middle class would be her day one priority, in her
critical first interview since capturing the Democratic presidential
nomination.“I think that people are ready for a new way forward, in
a way that generations of Americans have been fueled by hope and by
optimism,” Harris told CNN, adding that she believed voters were
ready “to turn the page” on former President Donald Trump, her
Republican rival.













Work

Why the Pentagon is spending billions to bring laser weapons to the
battlefield
[[link removed]}&lead=419599&emailid=56957&nl=daily]
The Israel-Hamas conflict has shed new light on the need to defend
against threats that range from small rockets to ballistic missiles.
Israel has invested in the Iron Beam system, which produces a
high-energy laser, to complement the Iron Dome batteries used to
launch interceptors to take out incoming rockets."Interceptors are
just surface-to-air missiles that shoot down incoming weapons. And
there's obviously a limited number of them in the launcher at any
given time, and they cost money and they're expendable," said Bryan
Clark, a senior fellow at the Hudson Institute. "A laser, on the other
hand, gives you essentially an infinite magazine of interception
opportunities, because the laser â as long as you've got electricity
â will continue to recharge, continue to shoot down incoming
weapons."Many of these directed-energy systems are now starting to be
used more extensively in the field. The DE M-SHORAD, or Directed
Energy Maneuver Short-Range Air Defense system, was tested by the U.S.
Army in 2023 at the Yuma proving grounds. The Navy has the HELIOS, or
High Energy Laser with Integrated Optical-dazzler and Surveillance,
installed on the U.S.S. Preble, an Arleigh Burke-class
destroyer."We're at an inflection point right now, when it comes to
the use of these directed-energy, laser weapons," said Masao Dahlgren,
a fellow with the Missile Defense Project at the Center for Strategic
and International Studies. "Various services in the U.S. military are
prototyping these systems, bending metal, putting things out there and
experimenting with them."Watch the video to find out what the future
of laser weapons holds.

Work

Harris Says She Has 'No Regrets' About Defending Biden's Capabilities
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“History is going to show,” she said, “not only has Joe Biden
led an administration that has achieved those extraordinary successes,
but the character of the man is one that he has been in his life and
career, including as a president, quite selfless and puts the American
people first.”

Work

Why Interest Rate Cuts Won't Fix a Global Housing Affordability Crisis
[[link removed]}&lead=419599&emailid=56957&nl=daily]
While the shift in central bank stance is already translating into
somewhat lower mortgage rates in many countries, borrowing costs are
not expected to fall back to the levels that prevailed during the
2010s. Several economists said 30-year mortgage rates in the United
States, for instance, could end up in the 5.5 to 6 percent range, down
from their 7.5 percent peak last year but still up notably from the 4
percent that was normal before the pandemic.

Work

How Workplace Safety Improves Performance
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Chasing lower labor costs, most of the United States’ toy and game
companies have relocated production outside the country, primarily to
Asia. One of the only remaining game manufacturing facilities in the
U.S., in East Longmeadow, Massachusetts, was originally operated by
Hasbro but is now run by Cartamundi, a Belgian company that
manufactures products for Hasbro. It is a unionized factory in a state
with high wage, tax, and energy costs.

Work

Mining for Neutrinos, and for Cosmic Answers
[[link removed]}&lead=419599&emailid=56957&nl=daily]
The telephone, officially called the Deep Underground Neutrino
Experiment, or DUNE, is the largest science-engineering project
beneath American soil in history. It has taken a decade to reach this
point and may need another decade before it begins its work. If all
goes well, it will turn the squirrelly neutrino into a known quantity,
filling a major gap in scientists’ understanding of the universe
and, perhaps, return the United States to its former position at the
center of particle physics.

Work

Elon Musk's X can proceed to trial in case against Media Matters after
Texas judge denies dismissal request
[[link removed]}&lead=419599&emailid=56957&nl=daily]
O'Connor was also overseeing a recently filed antitrust lawsuit by X
against a global advertising association and its member companies like
Unilever, Mars and CVS Health. O'Connor then recused himself from the
lawsuit. Although he didn't provide a reason for the recusal, a recent
financial disclosure showed that the judge invests in Unilever.

Work

Indigenous teenager dies at WA's Banksia Hill youth detention centre
[[link removed]}&lead=419599&emailid=56957&nl=daily]
In Australia, the crisis support service Lifeline is 13 11 14. The
Indigenous crisis hotline is 13 YARN, 13 92 76. In the US, the
National Suicide Prevention Lifeline is 1-800-273-8255. In the UK,
Samaritans can be contacted on 116 123. Other international suicide
helplines can be found at befrienders.org

Work

India's Agrim snags $17.3M to help farmers get inputs like seeds and
pesticides more easily | TechCrunch
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Agrim claims a base of 1,200 manufacturers and 25,000 retailers
serving 15 million farmers. The startup generated over $36 million in
the last financial year and is on the annual revenue run rate of
nearly $60 million.

Work

The California Shoplifting Law That Trump Says Is Too Lenient
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Mr. Trump has tried to pin the change on Ms. Harris, who was
California’s attorney general at the time it went into effect. But
she never publicly took a position on the measure, saying that she
wanted to remain neutral because she was responsible for crafting the
language of the summary and title of the measure that would appear on
the ballot.

Work

Will Walz's Rural Upbringing Lure Small-Town Swing Voters?
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Rural areas of Midwestern swing states abound with hard-liners for Mr.
Trump. But here in the region south of Green Bay in swing-state
Wisconsin, potential converts are everywhere — like down the street
from the bait shop where one of Mr. Van Vonderen’s best friends
(“the most gruff, no-nonsense guy,” he said) has come to detest
Mr. Trump’s meanspiritedness. Mr. Van Vonderen fears that he is
bound to lose his friend to the Harris-Walz team.

Work

Donald Trump Courts the Manoverse
[[link removed]}&lead=419599&emailid=56957&nl=daily]
To find them, Mr. Trump and his allies have been exploring deep into
the universe — a manoverse — of social media stars with
male-centric audiences: the Nelk Boys, Mr. White and U.F.C., Dave
Portnoy and his Barstool Sports media network, YouTubers like Jake and
Logan Paul, podcasters like Theo Von and streamers like Adin Ross.

Work

Tim Walz Is Happy to Help, Content to Be Ignored
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Mr. Walz’s presence was somewhat unusual. It was Ms. Harris’s
first television interview since President Biden dropped out of the
race, and the fact that she brought Mr. Walz along with her, like a
wingman, did not go unremarked by her opponent. On Thursday morning,
former President Donald J. Trump criticized her for having Mr. Walz
there.

Work

A Donor's Message, Revealed in a Museum Renovation: He Hated This
Design
[[link removed]}&lead=419599&emailid=56957&nl=daily]
In an era where the petty gripes of billionaires can veer into the
outrageous, exorbitant or just plain absurd, Mr. Sainsbury’s
successful analog trolling offers a more relatable stunt. We can’t
all build competing spaceships or purchase warring social media
platforms, but we all have pen and paper. Who among us wouldn’t love
such delayed vindication, plucked from the debris of our nemeses?

Work

Trump Team Tries to Clarify Remarks on Florida Abortion Rights Measure
[[link removed]}&lead=419599&emailid=56957&nl=daily]
The only way to do that directly on the November ballot would be to
vote “Yes” on Amendment 4, which would put Mr. Trump at odds with
Florida’s governor, Ron DeSantis, and most of the state’s
Republican leaders, who have vowed to defeat the measure.

Work

7 Takeaways From Harris's First Major Interview
[[link removed]}&lead=419599&emailid=56957&nl=daily]
As it turns out, Ms. Harris is a better salesperson for Mr. Biden’s
accomplishments and defender of his record than he ever was. Perhaps
that’s little surprise, given the president’s diminished political
skills and trouble speaking coherently in recent years.

Work

Trump Mocks Harris's Interview, Claiming She 'Rambled Incoherently'
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“I look so forward to Debating Comrade Comrade Kamala Harris and
exposing her for the fraud she is,” he wrote on Truth Social,
repeating “Comrade.” He added: “Harris has changed every one of
her long held positions, on everything.”

Work

Trump Keeps Turning Up the Dial on Vulgarity. Will He Alienate the
Voters He Needs?
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Since July 21, when President Biden stepped out of the race and
endorsed Ms. Harris, Mr. Trump has directed a seemingly constant
fusillade of invective at a challenger who happens to be Black, South
Asian and female.

Work

Trump Floats Coverage Mandate for I.V.F. Treatment
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“Trump lies as much if not more than he breathes, but voters
aren’t stupid,” Sarafina Chitika, a spokeswoman for the Harris
campaign, said in a statement. “Because Trump overturned Roe v.
Wade, I.V.F. is already under attack and women’s freedoms have been
ripped away in states across the country.”

Work

? A bumper crop of millionaires
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Plus: Dollar General sees its customers beginning to struggle

Work

11 of the best TV shows to watch this September
[[link removed]}&lead=419599&emailid=56957&nl=daily]
From Marvel's witchy new series Agatha All Along to the return of Slow
Horses and a new Nicole Kidman domestic thriller on Netflix.

Work

X braced for Brazil ban as judge's deadline passes
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Justice Moraes had ordered that X accounts accused of spreading
disinformation - many supporters of the former right-wing president
Jair Bolsonaro - must be blocked while they are under investigation.
He said the company's legal representatives would be held liable if
any accounts were reactivated.

Work

Will sustainable aviation fuels take off?
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Sign up for our Future Earth newsletter to get exclusive insight on
the latest climate and environment news from the BBC's Climate Editor
Justin Rowlatt, delivered to your inbox every week. Outside the UK?
Sign up to our international newsletter here.

Work

Workers could get right to four-day week
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Prime Minister Sir Keir Starmer calls the proposals "the biggest
upgrade to workers' rights in a generation" and Deputy Prime Minister
Angela Rayner argues they will be "good for the economy".

Work

Train penalty fare overhaul urged: 'We were fined

Work

Boar's Head Plant Tied to 9 Deaths Had Mold, Leaky Pipes and Flies
[[link removed]}&lead=419599&emailid=56957&nl=daily]
At the same time, U.S.D.A. inspectors documented flies, bits of meat
on food-contact surfaces and mold on a wall at the Boar’s Head plant
in Jarratt, Va. From June 2023 through this August, inspectors listed
84 problems at the facility. Listeria was not mentioned in more 80
pages of inspection records on the plant that were released by the
agency.

Work

Biden's Student Debt Plan Is in Limbo. Confused? Here Are Some
Answers.
[[link removed]}&lead=419599&emailid=56957&nl=daily]
The pause began in July, after the U.S. Court of Appeals for the
Eighth Circuit in St. Louis granted a request by a group of
Republican-led states for an administrative stay that blocked the
plan.

Work

Harris and Trump Have Housing Plans. Economists Have Doubts.
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Ms. Harris is promising to increase housing supply by expanding the
Low-Income Housing Tax Credit, providing incentives for state and
local investment in housing and creating a $40 billion tax credit to
make affordable projects economically feasible for builders.

Work

The Report Card on Guaranteed Income Is Still Incomplete
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“Cash transfers probably do less to improve people’s lives than
the proponents of them thought that they would,” said Sarah Miller,
an author of the study and economist at the University of Michigan’s
Ross School of Business. “The flip side is that they probably
don’t have the harmful effects that detractors were concerned
about.”

Work

Good News for Deal-Seekers This Fall: Travel Demand Has Softened
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“The revenge travel effect is finally receding, and so are
prices,” said Steve Hafner, chief executive of the Kayak search
engine, adding that the fall season will be an ideal time for
travelers to “snag up a deal.”

Work

Office Retreats Without Leaving the Office
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Holland Denvir, the founder of Denvir Enterprises, a brand consultancy
in Los Angeles, transformed an office storage space measuring 6-by-11
feet into a shag-carpeted enclave known as the Womb Room. Seven years
ago, when Mx. Denvir, who uses plural pronouns, worked as an interior
designer, they would escape to their car to meditate during lunch —
it was the only space that offered solitude when they wanted to
decompress.

Work

The Telegram Problem + Gov. Kathy Hochul on School Phone Bans +
Kevin's A.I. Reputation Rehab
[[link removed]}&lead=419599&emailid=56957&nl=daily]
“Hard Fork” is hosted by Kevin Roose and Casey Newton and produced
by Whitney Jones and Emily Lang. The show is edited by Jen Poyant.
Engineering by Alyssa Moxley and original music by Dan Powell,
Elisheba Ittoop, Marion Lozano and Rowan Niemisto. Fact-checking by
Haylee Millikan.

Work

Imperiled by Volcanic Eruptions, Iceland Scoops Up Answers From the
Deep
[[link removed]}&lead=419599&emailid=56957&nl=daily]
It’s been 800 years since the southwestern Reykjanes Peninsula was
host to active streams of lava. Hoping to find out why volcanism has
re-emerged there, scientists are snatching samples of molten rock
whenever it bleeds out of the crust.

Work

Here's how data centers became a billion-dollar real estate investment
[[link removed]}&lead=419599&emailid=56957&nl=daily]
"We do see that land gets more value when it is on the appropriate
power line for a data center need," said Rachel Wacker, executive
director of the Greater Dallas County Development Alliance. "My
experience again working with data centers is they do value that and
they do come to the table aggressively, in order to obtain that land."

Work

Gaza Fighting to Pause for Polio Vaccinations, and Harris's CNN
Interview
[[link removed]}&lead=419599&emailid=56957&nl=daily]
Reid J. Epstein covers campaigns and elections from Washington. Before
joining The Times in 2019, he worked at The Wall Street Journal,
Politico, Newsday and The Milwaukee Journal Sentinel. More about Reid
J. Epstein

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