Home

Marqeta, an Oakland-based card issuing platform, raised $150 million in new funding at a $4.3 billion valuation. Coatue Management led, and was joined by Vitruvian Partners. Existing backers include Visa, Goldman Sachs, 83North, Granite Ventures, and Iconiq Capital. http://axios.link/C4cR Pie Insurance, a Washington, D.C.-based workers comp insurer, raised $100 million in new equity funding. Gallatin Point Capital was joined by return backers Greycroft, SVB Capital, Aspect Ventures, Elefund, and Sirius International Insurance Group. www.pieinsurance.com SmartRent, a Scottsdale, Ariz.-based provider of smart home automation solutions, raised $60 million in Series C funding. Spark Capital led, and was joined by Fifth Wall, Energy Impact Partners, the Amazon Alexa Fund, Bain Capital Venture...

Read More
Home

For nearly a week, tens of thousands of people protested the death of George Floyd. Here are some of the most powerful images from the demonstrations.

For six straight nights, tens of thousands of people have taken to the streets in more than 30 cities across the country to protest in the wake of George Floyd's death. Peaceful protests have continued in the days since Floyd died on Memorial Day in Minneapolis police custody after a white officer pinned him to the ground under his knee for more than eight minutes. In addition to the peaceful demonstrations, violence, vandalism and looting have erupted in Minneapolis, New York, Louisville, Los Angeles and Memphis. Police continue to use tear gas, pepper spray and rubber bullets in confrontations with protesters and more than 4,400 arrests have been made at demonstrations nationwide, according to a tally compiled by The Associated Press. Amid the chaos and tension, there have been moment...

Read More
Home

Here’s how Facebook’s CEO is thinking about democracy, speech, and racial justice at a critical moment.

On Tuesday morning, Facebook CEO Mark Zuckerberg led a tense video call meeting with 25,000 of his employees to address the issue thats divided his company and the public over the past week: How to handle Trumps controversial Facebook posts that some see as a glorification of violence against American protesters. Recode obtained leaked audio of the meeting and transcribed it. In recent days, Facebook employees have shown unprecedented levels of open dissent against Zuckerberg by criticizing his decision not to take down or moderate Trumps recent posts that referred to the ongoing protests in the US against racism and police brutality by saying, when the looting starts, the shooting starts. Theyve also taken issue with the companys decision to not fact-check the presidents posts that sha...

Read More
Home

Gab users have been instructed to tweet at and write to the president urging him to join the network, which is filled with conspiracy theories, racism, and antisemitism.

Want the best of VICE News straight to your inbox? Sign up here. As President Donald Trump fumes at Twitters decision to fact-check two of his tweets this week, a ready-made replacement social network is trying to convince him to join. Gab, a far-right social network that is filled with conspiracy theories, racism and antisemitism, is rolling out the red carpet for the president, with a verified account that has already amassed over 27,000 followers. The account, which has the same handle and profile picture as Trumps Twitter account, has a blue tick to show its a verified account. The holding page also claims Trump has been a member since 2016, even though he has yet to actually join and Gab itself only launched in 2017. In an email sent to its members on Wednesday night, Gab said...

Read More
Home

A timeline of events leading up to nationwide outcry against the Minneapolis man’s death.

A trailer smoldered behind a Target store near the Minneapolis Third Police Precinct on Friday morning, days after the death of George Floyd in police custody spurred violent protests in the city. Only hours before, the precinct building itself was set on fire. Small groups of protesters had begun to gather Friday in the area, shouting slogans including “I can’t breathe,” which Floyd told the Minneapolis police officer who had a knee on his neck in a bystander's video of the incident. It's unclear whether the graphic video has alone sparked the outrage across the Twin Cities and the country, or if it's a culmination of anger from a string of high-profile incidents in which three black people were killed. A timeline of what has transpired in recent weeks and days: Residents flock to th...

Read More
Home

For nearly a week, tens of thousands of people protested the death of George Floyd. Here are some of the most powerful images from the demonstrations.

For six straight nights, tens of thousands of people have taken to the streets in more than 30 cities across the country to protest in the wake of George Floyd's death. Peaceful protests have continued in the days since Floyd died on Memorial Day in Minneapolis police custody after a white officer pinned him to the ground under his knee for more than eight minutes. In addition to the peaceful demonstrations, violence, vandalism and looting have erupted in Minneapolis, New York, Louisville, Los Angeles and Memphis. Police continue to use tear gas, pepper spray and rubber bullets in confrontations with protesters and more than 4,400 arrests have been made at demonstrations nationwide, according to a tally compiled by The Associated Press. Amid the chaos and tension, there have been moment...

Read More
Home

50 years of education for a better world

'Liberal Arts' originally referred exclusively to just three subjects grammar, rhetoric and logic and these were collectively known as the 'trivium'. These three disciplines were deemed essential to be well versed in for those who aspired to be active and consequential in civil and societal matters in the classical period (between 8th century BC and the 6th century AD). This group of subject areas became significantly broader and more scientific in medieval times, evolving to add astronomy, geometry, music and arithmetic. A thorough grounding in these seven subjects produced intellectually rounded individuals who could help shape the cultural evolution, value systems and forms of artistic expression in a fast-changing world around. Today's liberal arts education has become far broader sti...

Read More
Home

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -52.8 percent on June 1, down from -51.2 percent on May 29. After this morning’s Manufacturing ISM Report On Business from the Institute for Supply Management and the construction spending report from the U.S. Census Bureau, the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth decreased from -56.5 percent and -61.5 percent, respectively, to -58.1 percent and -62.6 percent, respectively. The nowcast of the contribution of the change in net exports to second-quarter real GDP growth decreased from 0.73 percentage points to 0.43 percentage points. GDPNow is not an official forecast of the Atlan...

Read More
Home

economic impact The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -52.8 percent on June 1, down from -51.2 percent on May 29. After this morning’s Manufacturing ISM Report On Business from … The National Federation of Independent Business (NFIB) is the largest small business association. Small Employers are in crisis and half will have to shut down in less than 2 months without help. Small businesses are half of Americas economy and … The World is projected to have over $9 trillion in economic losses from the Great Lockdown. This assumes a relatively prompt and successful reopening of the world economy. The Second quarter could see the US and other major economies with … Retail banking is undergoing something of a revolu...

Read More