Tuesday, November 30, 2021

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Good morning and welcome to Giving Tuesday.

  • ⏰🚀 Ready, Set, Go: Today’s newsletter takes 3.78 minutes to read. (With the 360° view: +3.49 minutes.)

🍩 Daily Sprinkle

"A day without laughter is a day wasted."

Nicolas Chamfort (1741-1794)

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👇📰 Quick Bits

Does the Blue Check Stay, Though?

description of imageImage: News Binding

🎁 @jack resigned yesterday as CEO of Twitter, effective immediately. He’ll be replaced by current CTO Parag Agrawal.

💬 If you said “wait, this sounds familiar”… You’d be right. Dorsey co-founded the social media giant in 2006 and served as CEO until 2008 before being pushed out of the role. He returned to lead Twitter in 2015.

🤔 What’s going on?... Per Dorsey’s statement, "I've decided to leave Twitter because I believe the company is ready to move on from its founders.” But there may have been something else at play, too.

  • Dorsey was simultaneously running two public companies – Twitter and Square – which drew the scrutiny of at least one activist investor, who questioned what they perceived to be a lack of focus on leading the social giant and pushed to replace him.
  • @jack managed to hang on after reaching a deal with the firm, but it was announced that a board committee would be formed to “evaluate the CEO succession plan.”
  • Another thing to note – the tech mogul will remain CEO at Square, and has expressed his undying love for bitcoin numerous times (just check his Twitter bio). Some analysts speculate that Dorsey’s departure is mostly about freeing up time to focus on big crypto moves at Square.

🐦 Looking ahead... Twitter is in the midst of transitioning from an ad-based social network, focused on text, to a subscription-based platform centered around smaller communities and multimedia – and they’ve set some aggressive growth goals.

  • The company aims to increase its monetizable daily active users by ~60% and at least double its annual revenue by the end of 2023.

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Iran Nuclear Talks Resume

description of imageThe EU delegation in Vienna, Austria; Image: Reuters

🎁 Negotiators in Vienna resumed talks yesterday over reviving Iran’s 2015 nuclear deal with the U.S. and other world powers following a five-month hiatus.

📜 Background: The accord, which saw Iran limit its enrichment of uranium to 3.67% in exchange for the lifting of economic sanctions, was nullified after former President Trump pulled out three years ago.

  • Since then, Iran has been enriching small amounts of uranium up to 60% purity – a short step from the 90% level needed for a nuclear weapon. But under years of U.S. sanctions, its economy has shrunk while poverty and inflation have skyrocketed.

🤝 Is a deal likely to be reached?... The Biden administration has signaled a willingness for the U.S. to return to the terms laid out in the 2015 nuclear deal. But thus far, Iran has made “maximalist demands,” per the AP, including calls for the U.S. to remove all sanctions as an initial goodwill gesture.

  • Iranian diplomats also refuse to talk directly with the U.S. team, requiring EU officials to shuttle back-and-forth between two different hotels carrying messages.

👁️ Looking ahead… Diplomats will discuss Iranian sanctions later today, followed by talks centered around Tehran’s nuclear program tomorrow.

From the Right: WSJ

From the Left: NPR

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Let Us Tell You A Tale

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🗣👂 Dose of Discussion

Is a Four-Day Week the Future of Work?

description of imageWorking more hours does not always make a country more productive; Image: WSJ

🎁 Last week, the UK’s Atom Bank became the country’s largest firm to implement a four-day workweek for employees without an accompanying reduction in pay, joining American companies like Kickstarter, Uncharted, and Wanderlust.

The reason? Some experts believe improving employees’ work-life balance will offset the lost hours of productivity, as workers will be more focused during their remaining time on the job.

📜 Background: In 1938, Congress passed the Fair Standards Labor Act, which required employers to pay overtime to employees who worked over 44 hours per week. (It was amended two years later to the standard 40-hour workweek that we know today.)

🌏 Around the world… Between 2015 and 2019, Iceland tested the concept of a four-day workweek without reducing worker pay and found productivity and service provision stayed the same or improved in a majority of trial workplaces.

  • Japan recently unveiled plans to recommend companies permit their staff to work four days, while Spain and New Zealand have also announced similar government-funded experiments.

📸 The big picture: More and more companies are looking into a four-day workweek, but they’re still a tiny part of the U.S. economy. Online job marketplace ZipRecruiter contains 4.5 times as many postings mentioning four-day workweeks this year compared to 2016, per Bloomberg – but all together, they still represent just 0.6% of all postings.

See the 360 View

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🔥 The Hot Corner

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💬 Heard Through the Grapevine… "This variant is a cause for concern, not a cause for panic." – President Biden in a speech on Omicron yesterday.

  • U.S. markets rebounded from Friday’s large losses after he stated in the same speech that an Omicron economic lockdown is unlikely. (Though stock futures tumbled in early trading Tuesday.)

From the Left | From the Right

🔢 Fact of the Day: Retailers will open more stores than they close this year for the first time since 2017, The Wall Street Journal reports.

📖 Worth a Read… Science reveals a massive Marvel plot hole

🍩 DONUT Holes…

description of imageImage: White House

  • ☝️ The White House is now officially decorated for the winter holidays. (Take the full tour.)
  • ⚖️ The sex-trafficking trial of Jeffrey Epstein's longtime friend Ghislaine Maxwell started yesterday in New York City.
  • ⚖️ So did Jussie Smollett’s hate crime hoax trial, but in Chicago.
  • ⚾️🤑 Max Scherzer agreed to a record-breaking $130M, three-year contract with the New York Mets.
  • 💊 FDA advisers will meet later today to decide whether to authorize Merck’s Covid pill.
  • 📺 CNN host Chris Cuomo used his journalism sources to scoop up more info on sexual harassment allegations against his brother, former NY Gov. Andrew Cuomo, according to transcripts released yesterday. (From the Left | From the Right)

🛸🌄📲 Calling from the Future…

In Living Color

description of imageImage: DOI: 10.1038/s41467-021-26791-x

🎁 A team of researchers from Harvard University developed a type of ink that can be used to 3D-print living materials, according to new research published in the peer-reviewed journal Nature Communications.

🧬 How it works: The scientists started by engineering E. coli bacteria to produce living nanofibers, then bundling those fibers together with a few other ingredients to create the type of ink used in a conventional 3D printer.

Once they found the concept viable, the team bioengineered other microbes besides E. coli:

  • One was a material that secreted an anticancer drug called azurin when in the presence of certain chemicals.
  • Another material trapped and stored an environmental toxin called Bisphenol A without assistance from other chemicals or devices.

👁️ Looking ahead… The researchers say their concept could be tweaked to produce microbes that create exact copies of themselves, meaning the ink could literally be ‘grown’ in a jar and result in building materials capable of self-healing.

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🤗 Dose of Positive

An Unlikely Lifeguard

description of imageImages: Reuters

Mouhammad Fada Diouf, a Senegalese immigrant living in Spain, was enjoying an afternoon with his friends when a 72-year-old man fell into the nearby Nervion River.

🏊🏿 A man, a plan, a canal: Mouhammad immediately dove into the muddy river and swam over to the man, holding him above the surface for 15 minutes until a rescue boat arrived.

  • “Nobody was able to help him,” Mouhammad shared after the incident. “He was in a bad situation so I decided to save him, to help him, because I know how to swim.”

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💡 Dose of Knowledge

Word to the Wise

What's Merriam-Webster's word of the year for 2021?

A) Cheugy
B) Vaccine
C) Metaverse
D) Delta

(keep scrolling for the answer)

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💡 Dose of Knowledge Answer

B) Vaccine

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