The Daily Rundown (8/13)

Here's What You Need To Know August 13, 2021


MAKING A $7/MO PLEDGE HELPS SUPPORT INDEPENDENT JOURNALISM OH AND TELL YOUR FRIENDS

Happy Friday,

Here’s what you need to know on this International Left Hander’s Day

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Here’s your business brief — ​​We start with Facebook. The tech giant is pushing back their office reopening plans.   

The social media company will not open it U.S. offices until at least January of next year. This was first reported by Bloomberg News. The shift comes only weeks after the company announced plans to open its offices at 50% capacity in September. The change, of course, on the heels of the highly contagious delta variant prompting surging case numbers. Facebook isn’t the first tech company to move back its reopening. Amazon and Google recently announced similar plans.

Now to the latest on the fight against climate change, Bill Gates has pledged a staggering $1.5 billion to pay for climate related infrastructure programs. This is through his climate investment fund Breakthrough Energy.  The money will be shelled out over the next three years. The effort is part of a wide reaching public-private partnership program with the Department of Energy. So far, DOE initiative has secured $25 billion. 

Amazon is making moves to expand it’s U.S. buying power. The e-commerce giant says it will grow by 20% for the year. The purchases will include supplies at their offices and warehouses as well as building materials. This comes as the company expands its distribution and logistics operations. As you may recall, just this week the company expanded its cargo unit, opening up a new air hub in Kentucky. 

It’s the end of an era. Adidas has announced it will sell Reebok to Authentic Brands. This for a price tag $2.5 billion, which is actually less actually than what they bought it for in 2006. At the time, the sportswear brand bought Reebok for $3.8 billion. The subsidiary constantly underperformed in recent years. The sale is expected to close in the first quarter of 2022.

(You can always watch it here) or the full broadcast at 8:20P ET (here)

FIVE STORIES THAT SHOULD BE ON YOUR RADAR

  1. Britney Spears' father Jamie agrees to step down from conservatorship (CBS News)

  2. 1st Live Asian Giant 'Murder Hornet' Of 2021 Spotted In Washington State (NPR)

  3. The Taliban now control half of Afghanistan's provincial capitals (CNN)

  4. Don’t Be a Schmuck. Put on a Mask. (The Atlantic)

  5. Democrats Might Create A Tax Break For Union Membership In Budget Bill (Huffpost)

1IN CASE YOU MISSED IT:

For Yes Magazine I wrote about how athletes like Nzingha Prescod are giving back to their communities through the sports they love. Here's the story (Yes)

I wrote an important piece about the history of mandatory vaccinations. I debunked and challenged this false talking point that mandatory vaccinations are unprecedented and a violation of civil liberties. (Observer)

The Distraction

Every edition we will share a movie, clip, song, GIF, antidote or something that we’re into right now to help distract you from all the noise in the world. Here’s what we got for today:

Have a suggestion? Send it our way.

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Check AH publishing on Amazon. They sell awesome journals, logs and calendars. Like this one.

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MAKING A $7/MO PLEDGE HELPS SUPPORT INDEPENDENT JOURNALISM OH AND TELL YOUR FRIENDS


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By Andy Hirschfeld
@andyreports
Andy Hirschfeld is a multimedia journalist based in New York City. He’s a contributing writer to numerous publications including TYT, Al Jazeera English, Observer, The Daily Dot, BBC, CNBC, Bloomberg, CS Monitor, OZY, Fortune, and Mic among others. He’s the anchor of Business Brief, a nationally syndicated business news update and interview program. Previously he produced for CBS and CNN.