Week 2, June 21 – Weekly Wrap Up
1.) Billionaires & Global Tax
2.) RTO: Sour Apples
3.) El Sovereign Crypto
4.) American Innovative $$
5.) Bezos > Space
1.) Billionaires & Global Tax: While Janet Yellen & G-7 leaders agreed to stabilize global corporate tax rates at 15%, ProPublica was busy finalizing a piece that exposed billionaires for not exactly paying their fair share. Capital > labor wins big all day every day. You know it. We know it. Gov’ts don’t like it. More to come here..
2.) RTO: Sour Apples: Apple employees are being asked to return to the office 3x week and are none too pleased. They want a more flexible approach. Employers are you listening? We’re in a new era of labor competition! The “perk” war has gone hybrid!
3.) El Sovereign Crypto: El Salvador is adopting the bitcoin standard and going to use volcanic energy to mine it. Imagine waking from a coma and hearing that an internet currency created from an anonymous internet whitepaper has been adopted as a sovereign currency and volcanoes will be used to…ya know, mine it. What?? It’s awesome, admit it!
4.) American Innovative $$: the enemy of our enemy is our friend. A bipartisan bill pledging $250B in R&D funding and $52B in chip funding passed quickly this week in order to more effectively compete with China. Just in time manufacturing & efficient global supply chains are over. It’s the era of durability now!
5.) Bezos > Space: we thought Bezos was all about that nostalgia retiring 27 years to the day that he founded Amazon. Maybe, but NOW we know the dude is also going to space and didn’t want to spook shareholders. Play on playa!