When it's easier than ever to lauch a company, what is the role of traditional VC?

The Euro zone is still trying to dig itself out of its financial mess and prevent more countries, like Spain and Italy, from sinking into a black hole. At a panel discussion called, The Finance Crisis: Lessons Learned from Canada and the Way Forward, at the Canadian Embassy in Washington, D.C., Robert Rubin, former U.S. Secretary of the Treasury, sat down with Chrystia Freeland and told her how he thinks the EU crisis could end and what impact it could have on the U.S.

The Occupy Wall Street protests has enlarged the spotlight on the financial district's questionable practices that have contributed to the country's economic downturn. At a panel discussion called, The Finance Crisis: Lessons Learned from Canada and the Way Forward, at the Canadian Embassy in Washington, D.C., Robert Rubin, former U.S. Secretary of the Treasury, sat down with Chrystia Freeland and told her what he thinks of the Occupy Wall Street movement.

What does the U.S. have going for it? At a panel discussion called, The Finance Crisis: Lessons Learned from Canada and the Way Forward, at the Canadian Embassy in Washington, D.C., Robert Rubin, former U.S. Secretary of the Treasury, tells Chrystia Freeland what he believes are the U.S.'s good points while also assessing what it needs to do to improve.

Professor Ashutosh Varshney of Brown University analyzes the current state of India's democratic system as well as the strengths and challenges in this rapidly growing nation. Full interview.

George Soros explains to Reuters' Chrystia Freeland how German Chancellor Angela Merkel's actions in 2008 could lead to the disintegration of the European Union. Consequently, a disorderly default of European sovereignties may lead to a global financial meltdown worse than 2008. He explains his analysis here.

Amid a dispute with local officials over stay-at-home orders, Tesla CEO Elon Musk tweeted on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately. Colette Luke has more.

Former President Obama, who has largely kept out of the fray even as President Trump has blamed his Democratic administration for a variety of problems related to the pandemic, described Trump's handling of the coronavirus pandemic as "chaotic" on a call, a source said. Colette Luke has more.

* Q4 profit likely 5.2 trln won, vs 5 trln won analyst f'casts

Global smartphone leader Samsung Electronics Co Ltd on Thursday confirmed expectations for its first annual profit decline since 2011, although a pickup in the fourth quarter hinted that earnings may have stabilized in the short term.

Sony Corp will delay sales of the PlayStation 4 gaming console in China, originally scheduled for Jan. 11, due to "various factors", the company said in a statement on Thursday.

Sony Corp will delay sales of the PlayStation 4 gaming console in China, originally scheduled for Jan. 11, due to "various factors", the company said in a statement on Thursday.

Apple Inc won the dismissal on Thursday of a lawsuit accusing it of defrauding consumers by selling MacBook laptop computers that contained "logic boards" it knew were defective, and which routinely failed within two years.

Apple Inc won the dismissal on Thursday of a lawsuit accusing it of defrauding consumers by selling MacBook laptop computers that contained "logic boards" it knew were defective, and which routinely failed within two years.

Tesla Inc's chief executive Elon Musk tweeted https://twitter.com/elonmusk/status/1259162367285317633 on Saturday that Tesla will move its headquarters and future programs to Texas or Nevada from California immediately.

Brazil's Economy Minister Paulo Guedes on Saturday said the country's central bank is likely to shower the economy with money in case of an economic depression.

Brazil's Economy Minister Paulo Guedes on Saturday said the country's central bank is likely to shower the economy with money in case of a depression due to the coronavirus pandemic.

Apex Legends might finally be getting a mobile version, at least that's what EA's latest financial briefing seems to suggest

The skywatching event lasts about a week, with the best views arriving before dawn on Tuesday.

The name of this month's full moon comes from the blooms that appear in North America around this time of year.

European astronomers have found the closest black hole to Earth yet, so near that the two stars dancing with it can be seen by the naked eye.

Greta Dargie was deep in a forest in the Democratic Republic of the Congo when her university sent a speed boat to get her out.

Most experts anticipate that coronavirus precautions could be necessary for many months, and many scientists also expect that their work could be disrupted.

Recent studies have shown the importance of combining classroom teaching with technology. The COVID-19 pandemic has revealed discrepancies in our education system. This article gives […]

The post Top 6 Benefits Of Blended Learning appeared first on e-Learning Feeds.

Despite a lukewarm reception at its initial launch, the team at Rare remained committed to its vision of a pirate adventure on the high seas.

Priscilla Bienkowski, 18, and Sophia Hernandez, 17, have been missing since Wednesday when they were tubing on Utah Lake.

Natasha Atchley, 19, was found dead in the trunk of her burned out Chevy Camaro hatchback on May 3, 1992, in Shephard, Texas, about a mile down a rural dirt road from a party she attended the night before. The Texas Ranger Unsolved Crimes Investigation Team is investigating.

The former president was also critical of the Justice Department directing prosecutors to drop their case against Michael Flynn, warning that the “rule of law is at risk.”

Singer Mariah Carey wrote, "My heart is breaking, and I can't stop crying. He was an amazing friend and I will miss him forever."

Lori Vallow, the Idaho mother jailed in connection to the disappearance of her two missing children, is also under investigation with her current husband in the death of his former wife.

"I'm so honored to be your validictator," he says.

Summer may not provide the kind of relief from the coronavirus that many hoped it would.

Georgia Gov. Brian Kemp announced Saturday that the state had the lowest number of hospitalized coronavirus patients it has seen in just over a month.

It would be "abominable" if the Obama White House was behind the FBI's controversial interview of former national security adviser Michael Flynn, a former assistant director of intelligence for the bureau said Friday night.

Kicks, punches and grunts echoed through the empty arena. Coaches, commentators and camera clicks resonated like never before. Blood, sweat, swollen eyelids and face masks signaled the return of UFC, the first major sporting event to resume since the coronavirus shuttered much of the country for nearly two months.

NBA commissioner Adam Silver is cautiously optimistic about finishing out the season in a two-site plan which will likely not include fans -- a condition that may carry into next season. 

Ricardo Allen didn't budge when Georgia was one of the first states to open businesses during the coronavirus pandemic.

Kicks, punches and grunts echoed through the empty arena. Coaches, commentators and camera clicks resonated like never before. Blood, sweat, swollen eyelids and face masks signaled the return of UFC, the first major sporting event to resume since the coronavirus shuttered much of the country for nearly two months.

“Conversations are happening that people would want to be happening.”

A white sheriff’s deputy in North Carolina is facing criminal charges after allegedly leading an armed mob to the home of a black teenager and trying to force their way inside as part of a botched vigilante mission.

New Hanover & Pender County District Attorney Ben David on Friday announced the charges against Jordan Kita, a New Hanover Sheriff’s Office detention officer accused of wearing his uniform while leading the group of people—one of whom was allegedly packing an AR-15—to confront a high school student at his home. Kita has since been fired from the sheriff's office.

The teenager, Dameon Shepard, was playing video games late one evening when the group of men arrived at his door, demanding to know the whereabouts of a 15-year-old girl named Lekayda Kempisty who had been reported missing. Three in the group were said to be armed, carrying a shotgun, a semi-automatic rifle, and a handgun. Kita wore his New Hanover County Sheriff’s deputy uniform and gun, though he had not come to Shepard’s house on official business.

Read more at The Daily Beast.

The police officer who fatally shot 12-year-old Tamir Rice in a Cleveland park in November 2014 has been fired, Cleveland's police chief said at a press conference on Tuesday. The decision comes two and a half years after Rice was killed. Officer Timothy Loehmann was fired not for shooting Rice but for lying on his job application about his disciplinary record at a previous police department, according to the termination documents. (Another officer who had been on the scene of the shooting was suspended for 10 days.)

Loehmann, who started working for the Cleveland Police Department in early 2014, failed to disclose that although he voluntarily left his job at another department, he was allowed to resign after a series of incidents in which supervisors deemed him unfit for duty, according to Cleveland.com. He also did not disclose that he had failed a written exam for employment at a second police department.

Loehmann shot Rice after he and his partner responded to a 911 call about a person in a park waving a gun. His death became an early touchstone for the Black Lives Matter movement. Video of the shooting showed that Loehmann shot the child, who was holding a toy pellet gun, within two seconds of arriving on the scene. A grand jury declined to charge the officers involved.

A dispatcher who took the initial 911 call was suspended in March for failing to tell the responding officers that the caller had said the person with the gun might be a juvenile and that the gun could be fake. A June 2015 Mother Jones investigation revealed how that failure contributed to the child's  death.

Rep. Darrell Issa (R-Calif.) was seen taking refuge on the roof of his office building in Vista, California, Tuesday, taking photos of angry constituents who had gathered below to protest the congressman's voting record. The incident comes before a much-anticipated town hall meeting this Saturday at San Juan Hills High School, where the nine-term congressman is expected to face a hostile crowd because of his support for various Trump administration policies, including the Republican plan to repeal and replace Obamacare.

Democrat Mike Levin, an environmental lawyer who recently announced his bid to challenge Issa in 2018, shared an image of the congressman appearing to avoid demonstrators on social media, where it was roundly mocked.

Others saw his retreating to a rooftop as reminiscent of Michael Scott, Steve Carrell's character in The Office who memorably took to the roof in the episode titled "Safety Training."

Issa, on the other hand, described his trip to the roof a bit differently. Shortly after the criticism, he took to Twitter to offer this narrative. We recommend zooming in to take a closer look at the signs:

For more on Levin and the fight to defeat Issa, the richest man in Congress, head to our profile here.

A last-minute push to register voters in Georgia's 6th Congressional District before the June 20 special election has resulted in nearly 8,000 new voters in the district as of Tuesday, the Atlanta Journal-Constitution reports. That's a big enough number to swing a close election, and polls thus far show the race within the margin of error. It's also an encouraging sign for Democrat Jon Ossoff, the insurgent candidate who topped the first round of voting in the solidly Republican district and is hoping that new voters can put him on top in the June 20 runoff.

The election between Ossoff and Republican Karen Handel has been widely portrayed as a test of the Democratic resistance to President Donald Trump. In the conservative district, Ossoff is trying to peel off Republican voters disenchanted with Trump, particularly white women. But in order to win, Ossoff also needs strong support from the Democratic base and new voters. So when a federal judge reopened voter registration in the district through May 21, groups that target young, poor, and minority voters rushed into the district to register eligible voters. The 7,942 new voters include new registrants and people who moved into the district after the primary and transferred their registration.

The district has more than 521,000 registered voters, so it's unclear whether another 7,942—or about 1.5 percent of that total—will make a difference. Ossoff fell 3,700 votes short of winning an outright majority in the primary on April 18. If the runoff remains a toss-up, these new voters could determine the winner.

In 1994, Marcus Robinson, who is black, was convicted of murder and sentenced to death for the 1991 killing of Erik Tornblom, a white teenager, in Cumberland County, North Carolina. He spent nearly 20 years on death row, but in 2012 his sentence was changed to life without a chance of parole. He was one of four death row inmates whose sentences were commuted by a judge who found that racial discrimination had played a role in their trials.

The reason their cases were reviewed at all was because of a 2009 North Carolina law known as the Racial Justice Act, which allowed judges to reduce death sentences to life in prison without parole when defendants were able to prove racial bias in their charge, jury selection, or sentence.

"The Racial Justice Act ensures that when North Carolina hands down our state's harshest punishment to our most heinous criminals," former Gov. Bev Perdue said when she signed the bill into law, "the decision is based on the facts and the law, not racial prejudice."

At 21, Robinson was the youngest person sentenced to death in North Carolina. When he was three, he was hospitalized with severe seizures after being physically abused by his father and was diagnosed with permanent brain dysfunction. However, those weren't the only troubling aspects of his case.

Racial discrimination in jury selection has been prohibited since it was banned by the Supreme Court in its 1986 Supreme Court decision Batson v. Kentucky, but Robinson's trial was infected with it. The prosecutor in the case, John Dickson, disproportionately refused eligible black potential jurors. For example, he struck one black potential juror because the man had been once charged with public drunkenness. However, he accepted two "nonblack" people with DWI convictions. Of the eligible members of the pool, he struck half the black people and only 14 percent of the nonblack members. In the end, Robinson was tried by a 12-person jury that included only three people of color—one Native American individual and two black people.

Racial discrimination in jury selection was not uncommon in the North Carolina criminal justice system. A comprehensive Michigan State University study looked at more than 7,400 potential jurors in 173 cases from 1990 to 2010. Researchers found that statewide prosecutors struck 52.6 percent of eligible potential black jurors and only 25.7 percent of all other potential jurors. This bias was reflected on death row. Of the 147 people on North Carolina's death row, 35 inmates were sentenced by all-white juries; 38 by juries with just one black member.

Under the Racial Justice Act, death row inmates had one year from when the bill became law to file a motion. Nearly all the state's 145 death row inmates filed claims, but only Robison and three others—Quintel Augustine, Tilmon Golphin, and Christina Walters—obtained hearings. In 2012, Robinson's was the first. At the Superior Court of Cumberland County, Judge Gregory Weeks ruled that race had played a significant role in the trial and Robinson was resentenced to life without parole. North Carolina appealed the decision to the state's Supreme Court.

An immediate outcry followed the decision. The North Carolina Conference of District Attorneys issued a statement saying, "Capital cases reflect the most brutal and heinous offenders in our society. Whether the death penalty is an appropriate sentence for murderers should be addressed by our lawmakers in the General Assembly, not masked as claims (of) racism in our courts."  

The ruling attracted lots of publicity from across the country and North Carolina lawmakers were outraged. "There are definitely signs in the legislative record that there were some [lawmakers] that really wanted to see executions move forward," Cassandra Stubbs, the director of the ACLU Capital Punishment Project who also represents Robinson, says. Legislative staffers circulated talking points for lawmakers with arguments that the RJA turns "district attorneys into racists and convicted murderers into victims," describing the law as "an end-run around the death penalty and an indefinite moratorium on capital punishment."

The day Judge Weeks resentenced Robinson, the Senate president pro tempore for the state Legislature, Phillip Berger, expressed concern that Robinson could be eligible for parole. He suggested Robinson—who had just turned 18 when he committed the crime and would not have been considered a juvenile—would be ineligible for life in prison without a chance of parole, citing a US Supreme Court ruling that prohibited juveniles from receiving life sentences without parole. "We cannot allow cold-blooded killers to be released into our community, and I expect the state to appeal this decision," he said. "Regardless of the outcome, we continue to believe the Racial Justice Act is an ill-conceived law that has very little to do with race and absolutely nothing to do with justice."

The state Legislature took on the challenge and voted to repeal the Racial Justice Act in 2013. This made it impossible for those on death row to even attempt to have their sentences reviewed for racial bias, but it left the fates of the four who had been moved to life imprisonment unclear. "The state's district attorneys are nearly unanimous in their bipartisan conclusion that the Racial Justice Act created a judicial loophole to avoid the death penalty and not a path to justice," Gov. Pat McCrory said in a statement at the time.

Even though the law was still in effect when the four inmates' sentences were reduced, they weren't safe from death row just yet. Robinson's sentenced had been legally reduced, but the legal battle was just beginning.

In 2015, after nearly two years from the initial hearing, the North Carolina Supreme Court ordered the Superior Court to reconsider the reduced sentences for Robinson, Augustine, Golphin, and Walters, saying the judge failed to give the state enough time to prepare for the "complex" proceedings.

This past January, Superior Court Judge Erwin Spainhour ruled that because the RJA had been repealed, the four defendants could no longer use the law to reduce their sentences. "North Carolina vowed to undertake an unprecedented look at the role of racial bias in capital sentencing," says Stubbs. But now, "the state Legislature explicitly turned from its commitment and repealed the law."

Robinson is back on death row at Central Prison in the state's capital of Raleigh. In the petition to the state Supreme Court, Robinson's lawyers point out that the Double Jeopardy Clause—the law that prevents someone from being tried twice for the same crime—bars North Carolina from trying to reimpose the death penalty because the 2012 RJA hearing acquitted him of capital punishment.

"He's never been resentenced to death," Stubbs says. "They have no basis to hold him on death row."

Hillary Clinton appeared at Recode Wednesday in conversation with founders Walt Mossberg and Kara Swisher, and to steal a headline from myself, she is out of fucks.

It was fascinating to watch. She didn't hold back. You can watch the full thing below or continue on for some highlights.

Here are some good bits, courtesy of the recode live blog:

On emails!!!

"The over riding issue that affected the election that I had any control over — because I had no control over the Russians. Too bad about that — was the use of my emails. The way that it was used was very damaging. The New York times covered it like Pearl harbor.

On Goldman Sachs speeches

"I have to say, Walt I never thought someone would throw out my entire career...because I made a couple of speeches…Men got paid for the speeches they made...I got paid for the speeches I made…I take responsibility for every decision I made, but that's not why I lost”

On the vast right-wing conspiracy
"What is hard for people to accept, although now after the election there's greater understanding, is that there are forces in our country...who have been fighting rear guard actions for as long as I've been alive…We were on a real roll as a country despite assassinations, despite setbacks, expanding rights to people who never had them in any country was frankly thrilling. I believe then as I believe now that we're never done with this work. Part of the challenge is to maintain the focus and energy to move forward but you have to understand the other side is never tired either."

On fake news
"Fake news...lies that's a good word too...The other side was using content that was just flat out false and delivering it in a very personalized way. Above the radar screen and below."

On the DNC

"I inherit nothing from the Democratic party. It was bankrupt. It was on the verge of insolvency. I had to inject money into the [DNC] for it to keep going."

On the RNC

"They raised...best estimates are close to $100 million...to build this data foundation. They beta tested it. They ran [hundreds of thousands of surveys]. Trump becomes the nominee and is [given] this tried and true...platform."

On Russia collusion
"I think it's fair to ask how did that actually influence the campaign and how did they know what messages to deliver. Who told them? Who were they coordinating with or colluding with?…The Russians in my opinion could not have known how best to weaponize that information unless they had been guided by Americans."

"Within one hour of the Access Hollywood tapes being leaked, the Russians or say Wikileaks—same thing—dumped the John Podesta emails. They were run of the mill emails. "Stuff that were so common. Within one hour they dumped them and then began to weaponize them. They had their allies like Infowars say the most outlandish, absurd lies you could imagine. They had to be ready for that."

On Putin

"It's important that Americans...understand that Putin wants to bring us down. He was an old KGB agent."

On Obama

"Barack Obama saved the economy and he doesn't get the credit he deserves, I have to say that [because people don't know that.]" Clinton re: democrats not investing in creating content.

This post is being updated.

The Trump administration's argument for letting lots of employers opt out of covering birth control is…not exactly bulletproof.

Yesterday, Vox reported that the Trump administration is considering a broad exemption to Obamacare's mandate on contraceptive coverage, according to a leaked draft of the proposed rule. If passed, the rule would allow virtually any employer, not just a religious one, to remove birth control coverage from its insurance plan if contraception violates the organization's religious beliefs or "moral convictions"—a broad and murky standard.

But, in a curious twist, part of the Trump administration's justification for the move hinges on the existence of hundreds of Planned Parenthood clinics, many of which the White House is actively trying to close by "defunding" Planned Parenthood.

As the draft text explains, the administration believes the past rationale for Obamacare's contraception mandate is insufficient. The document lists several reasons why this is the case. Here's one of them:

"There are multiple Federal, state, and local programs that provide free or subsidized contraceptives for low-income women, including Medicaid (with a 90% Federal match for family planning services), Title X, health center grants, and Temporary Assistance for Needy Families. According to the Guttmacher Institute, government-subsidized family planning services are provided at 8,409 health centers overall. Various state programs supplement Federal programs, and 28 states have their own mandates of contraceptive coverage as a matter of state law. For example, the Title X program, administered by the HHS Office of Population Affairs (OPA), provides voluntary family planning information and services for clients based on their ability to pay.

...

"The availability of such programs to serve the most at-risk women identified by IOM [Institute of Medicine, now known as the National Academy of Medicine] diminishes the Government's interest in applying the Mandate to objecting employers."

The implication here is that since there are already programs like Medicaid and Title X to help low-income women afford contraception, the requirement that most employers provide no-cost birth control is less pressing.

But there are a couple of glaring contradictions here: First of all, of the 8,409 health centers that provide Medicaid and Title X family planning services, as cited in the rule, 817 of them are run by Planned Parenthood—the very group that Congress and the administration are trying to exclude from using Title X and Medicaid funds to provide health care.

Trump has already signed a bill into law allowing states to exclude Planned Parenthood and other providers who offer abortions from receiving Title X family planning funding—never mind that Title X funding is used exclusively for nonabortion services. Beyond that, there are several more proposals moving through government—including in the House's American Health Care Act and in the Trump budget proposal—to withhold Medicaid and other federal dollars, including Title X, specifically from Planned Parenthood.

The problem with the White House's logic boils down to this: As the nation's largest provider of federal Title X-funded care, in 2015 Planned Parenthood centers served more than 40 percent of women nationwide using Title X-funded family planning care—a whopping 1.58 million patients. But if Planned Parenthood can no longer receive a single federal dollar to provide contraception and other family planning care—an oft-repeated goal of the Trump administration—then these nearly 1.6 million low-income patients will suddenly lose their family planning care. And now their employers may not cover that care either.

Get your style locked down, and support independent British brands

The Internet Corporation for Assigned Names and Numbers (ICANN) this weekend announced that it has voted down the proposed change of control and entity conversion request submitted to it by the Public Interest Registry (PIR). ICANN, a not-for-profit corporation dedicated to ensuring the secure and stable operation of the internet’s unique identifier systems, noted in…

There has been a significant surge in contactless payments for everyday purchases since the onset of COVID-19, according to a new study. The Mastercard global consumer study conducted from April 10 to 12 says that in Canada, 76 per cent of consumers say contactless payments are now their preferred way to pay when making in-store…

WeWork’s ex-chief sues SoftBank, a popular children’s computer game gets hacked, and IBM’s Think conference goes virtual this week. WeWork cofounder and former chief executive Adam Neumann has filed a suit against Japanese conglomerate SoftBank for abandoning a $3 billion tender offer to the startup’s shareholders. The money is part of a $9.6 billion rescue…