'Bloomberg Daybreak: Australia' Full Show (06/01/2020)

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Joe Biden visited a Black Lives Matter protest site in Delaware as Trump rages on Twitter against demonstrators

Reuters Images via Biden campaign

• Former Vice President Joe Biden on Sunday made an unannounced visit to a site in Wilmington, Delaware where protests against police brutality and racism took place the night before. 
• Leaving his home for the second time in a week, Biden recognized the death of George Floyd, a black man who was killed in Minneapolis police custody last week.
• "The original sin of the country still stains our nation today," Biden said in a video released Friday. "We need justice for George Floyd." 
• Meanwhile, President Donald Trump repeatedly attacked protesters and threatened violence against them on Twitter. 
• Visit Business Insider's homepage for more stories.

Former Vice President Joe Biden on Sunday made an unannounced visit to a site in Wilmington, Delaware where protests against police brutality and racism took place the night before.

Leaving his home for the second time in a week, the presumptive Democratic presidential nominee recognized the death of George Floyd, a black man who was killed in Minneapolis police custody last week. His campaign posted a photo of Biden kneeling on the ground facing a black man also kneeling with his young son. 

See the rest of the story at Business Insider

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See Also:

• Trump was rushed into a White House bunker used during past terrorist attacks during Friday protests in Washington, DC
• Trump is ignoring top advisers urging him to dial down his divisive rhetoric as George Floyd protests sweep the US, report says
• Trump claimed he didn't know about the racist origins of his 'when the looting starts, the shooting starts' remarks in light of the escalating violence amid the George Floyd protests

SEE ALSO: Trump was rushed into a White House bunker used during past terrorist attacks during Friday protests in Washington, DC

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'This is unity': LeBron James shared a powerful video of Colorado protesters chanting 'I can't breathe' in memory of George Floyd

Sergio Estrada/USA TODAY Sports

• Los Angeles Lakers star player LeBron James shared a powerful video of protesters in Colorado lying on their backs and chanting "I can't breathe" for nine minutes on Sunday. 
• "Media showing this???? I bet you they're not!" James tweeted on Sunday night, sharing the video to his 46.2 million followers. "You know why, cause this is unity, peaceful, beautiful and love!"
• James, one of the most prominent basketball players and athletes in the United States, has used his platform in recent days to raise awareness about Floyd's death.
• Visit Business Insider's homepage for more stories.

Los Angeles Lakers star player LeBron James shared a powerful video of protesters in Colorado lying on their backs and chanting "I can't breathe" for nine minutes on Sunday. 

"Media showing this???? I bet you they're not!" James tweeted on Sunday night, sharing the video to his 46.2 million followers. "You know why, cause this is unity, peaceful, beautiful and love!"

See the rest of the story at Business Insider

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See Also:

• THE SVOD SHAKEOUT REPORT: A massive media shakeout is on the horizon — here are the key trends, players, and how we think it will play out
• Twitter changed its profile to honor Black Lives Matter amid George Floyd protests
• Long-haul carrier Emirates says it fires staff amid virus

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Delta, union working to avoid furloughs of 2,300 pilots

Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.

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China, Hong Kong Governments Push Back Against Trump's Trade Threats

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U.S. Braces for More Floyd Protests

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Watch: SpaceX Astronauts Reach International Space Station

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Trump was rushed into a White House bunker used during past terrorist attacks during Friday protests in Washington, DC

Mark Wilson/Getty Images

• President Donald Trump was taken into the White House security bunker on Friday night amid protests against police brutality in downtown Washington, DC, The New York Times reported Sunday.
• Officials told The Times that they never believed the president was in danger but took the precaution as protests escalated outside the president's residence. 
• Demonstrations have broken out in about 75 US cities over the death of George Floyd, a black man who died in police custody in Minneapolis after an officer knelt on his neck.
• Visit Business Insider's homepage for more stories.

President Donald Trump was taken into the White House security bunker on Friday night as protests against police brutality and racism drew large crowds in downtown Washington, DC, The New York Times reported.

Officials told The Times that they never believed the president was in danger but took the precaution as tensions escalated. 

See the rest of the story at Business Insider

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See Also:

• Trump is ignoring top advisers urging him to dial down his divisive rhetoric as George Floyd protests sweep the US, report says
• Trump announces he's 'terminating' the US's relationship with the World Health Organization
• Trump claims his 'when the looting starts, the shooting starts' remarks weren't a call to violence but instead a 'fact'

SEE ALSO: 

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4 times former Army Green Berets took on some 'extracurricular' missions

US Army/VIS Jason Johnston

• US Army Green Berets develop unique skill sets while in uniform and take those abilities with them when they leave the service.
• Some of them use those capabilities to take on missions that the Army would never send them on.
• Visit Business Insider's homepage for more stories.

The green beret-wearing experts at Army Special Forces are an enterprising bunch, even after they leave the military. In December 2019, prosecutors allege a former special operations soldier and an accomplice helped ousted ex-Nissan CEO Carlos Ghosn escape from Japan.

But that almost 60-year-old Army veteran isn't an anomaly. He's not even unique to the past few months. Another ex-Special Forces operator was captured allegedly trying to oust Venezuelan dictator Nicolas Maduro in a "popular uprising" early in 2020.

That's just what Green Berets do. Of course, they usually have the backing of the US government. Even when they don't have any backing, former Special Forces troops can be a formidable adversary, doing a lot with just a little bit.

By the nature of their work, they need to be a truly formidable opponent. It takes a lot of time, effort and (often) money to get people in a country to overthrow their own government.

Even as civilians, Army operators are more than capable of offering their unique skills set to some interesting missions — some the service would never have considered.

1. Billionaires hire the best.

US Army/VIS Jason Johnston

Electronic Data Systems, a US company, was hired by the Shah of Iran to create a new healthcare and communications infrastructure for the country.

When the Shah was overthrown, American EDS employees were caught in the middle. All but two EDS employees got out. Those two were jailed in Tehran's Qasr Prison, and their captors demanded a $12.75 million ransom.

Unluckily for the revolutionaries holding the EDS employees, it wasn't US President Jimmy Carter they had to answer to. It was Texas billionaire H. Ross Perot. And Perot decided to put his money elsewhere. He hired former Army Special Forces officer Arthur "Bull" Simons — leader of the Son Tay raid in Vietnam just a few years prior — to extract them.

Simons launched Operation Hotfoot, which began with EDS employees starting a riot outside of the prison. Simons and combat-trained EDS employees then stormed the prison, freeing the two executives, and then drove to Turkey, where Perot was waiting for them.

2. Ending an armed anti-government standoff.

US Army/VIS Jason Johnston

In 1992, the US Marshals Service and FBI were locked in an 11-day siege after a shootout between the family of Randy Weaver and the marshals resulted in deaths on both sides in Ruby Ridge, Idaho.

Weaver's wife, Vicki, was killed by an FBI sniper. Through a series of bungled criminal profiles and intelligence reports, law enforcement thought Weaver's property was booby-trapped and heavily defended — and that the Weavers were heavily armed.

The government called in former Special Forces officer Col. Bo Gritz to negotiate Weaver's surrender to authorities. Gritz entered the Weaver compound at around 7 p.m. on Friday, August 28, 1992.

The entire family surrendered by mid-morning on the following Monday. Weaver was acquitted on all charges, represented by the legendary defense attorney Gerry Spence.

3. Running a drug-smuggling front. (Maybe for the CIA.)

US Marine Corps/Lance Cpl. William Chockey

The Nugan-Hand Bank was a Sydney, Australia-based merchant bank that was founded in 1973 by Australian lawyer Frank Nugen and former US Army Special Forces soldier Michael Hand.

The bank had ties to a number of known CIA operatives, some of whom were involved in the Iran-Contra Scandal of the mid-1980s. Money flowing through the Nugan-Hand Bank was supposedly there to destabilize the Australian government, pay for Laotian mercenaries and maybe even the Contras themselves.

Although nothing was ever proven, authorities allege the bank funneled money for covert operations while bankrolling the sale of billions of dollars worth of heroin through the Pacific "Golden Triangle."

Nugan would later commit suicide, forcing many involved with the bank (including Hand) to go underground for the rest of their lives.

See the rest of the story at Business Insider

See Also:

• 5 fun facts about the Marine Corps' unique hand-to-hand fighting system
• A historic Colt 1911 pistol carried during the battle of Iwo Jima is about to go up for auction
• 4 things to remember every Memorial Day

SEE ALSO: Special Operations Command wants a new sniper rifle with a new round for long-range shots

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Read the pitch deck that helped Divvy raise $30 million to provide alternate financing for prospective homebuyers

Buying a home, particularly for Millennials, is a complicated and expensive process – at times it can be complicated and expensive enough to discourage potential buyers from even trying.

Enter Divvy, one of the many Silicon Valley startups working to change the way people buy homes. The company is specifically interested in providing alternative financing options for prospective homebuyers who don't qualify for traditional mortgages.

Divvy accomplishes this by purchasing homes outright and allowing customers to pay the company back through monthly installments — 25% of the total goes toward building equity and 75% goes toward paying "rent."

See the rest of the story at Business Insider

See Also:

• LendingArch plans US expansion even as many alt lenders suffer from pandemic-related losses
• Starling's plan to reach profitability in early 2021 and launch an IPO have been delayed by the coronavirus
• There's never been a better time for banks to buy fintechs, according to a Capital One cofounder. Here's why both sides need each other more than ever.

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Asia cautious as U.S. riots weigh on S&P futures

Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington's power struggle with Beijing.

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Crude prices fall on concerns of U.S. riots, even as OPEC meeting advanced

Oil prices fell due to concerns about riots in major U.S. cities that could staunch demand after trading higher on optimism that OPEC would extend or enhance production cuts at a meeting in June.

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Report: Coty to Appoint Chairman Peter Harf as Its New Chief Executive

Harf will reportedly oversee a newly-created executive committee.

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What Does It Mean to Be a “Hard Worker”? (NSQ Ep. 3)

Also: how does age affect happiness?

*      *      *

Relevant References & Research

Question 1: Are you a hard worker?

• Angela says that asking people if they work hard is helpful for measuring grit. If you want to learn more about her research on grit, Angela’s book is Grit: The Power of Passion and Perservance. You can also find more about her and her work at the Character Lab website.
• Angela breaks down an international study about conscientiousness which demonstrates the consequences of reference bias. The study is The Geographic Distribution of Big Five Personality Traits: Patterns and Profiles of Human Self-Description Across 56 Nations.
• Stephen references “the Lake Wobegon effect.” This form of optimism bias is the human tendency to overestimate oneself, named for the fictional town in A Prairie Home Companion where “all the women are strong, all the men are good-looking, and all the children are above average.”
• The book that Stephen mentioned about Jewish history is Genius & Anxiety: How Jews Changed the World, 1847-1947 by Norman Lebrecht.

*      *      *

Question 2: Why does happiness start dropping at age 16, and not rise again until our late 40s?

• Angela and Stephen discuss Dartmouth economist David Blanchflower’s most recent paper on the happiness curve. The paper is Is Happiness U-shaped Everywhere? Age and Subjective Well-being in 132 Countries.
• Angela mentions that she received her PhD from the Positive Psychology Center at The University of Pennsylvania. The mission of the center is to “to promote research, training, education, and the dissemination of Positive Psychology.” Positive Psychology is the scientific study of the strengths that enable individuals and communities to thrive.
• Angela references the work of psychologist Don Moore who studies confidence, judgement and decision making. You can find more about Moore’s research on his personal website.
• Angela says that the “Three Blessings” exercise is a reliable way to increase happiness. The intervention was developed by Martin Selegman, under whom Angela studied during her PhD.

If you enjoyed this conversation, you might want to check out the recent Freakonomics Radio episode Reasons to Be Cheerful.

The post What Does It Mean to Be a “Hard Worker”? (NSQ Ep. 3) appeared first on Freakonomics.

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Coronavirus latest: US fatalities decline for third straight day

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Teresa Barger on Market Outlook (Radio)

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U.K. Government Preparing Stimulus Package for July, FT Says

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Coronavirus: 'Our business can now get cracking' after lockdown

Outdoor markets and car showrooms in England are allowed to reopen from Monday amid the pandemic.

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Make Covid-19 recovery green, say business leaders

Well-known firms such as Asda and Lloyds Bank are urging ministers to prioritise the environment.

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Coronavirus: How safe is it to get on a plane?

Many airlines are planning to resume flying, but they first need to reduce the risks of Covid-19.

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Grateful for Aid, but Worried About What Comes Next

Six small-business owners who got government loans say the money helped keep their workers employed. For some, eight weeks of relief isn’t enough.

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Record Ratings and Record Chaos on Cable News

Cable networks are facing threats, and opportunities, in a national crisis. Now, Fox is fighting back and CNBC is looking to the right. CNN is defined by Jeff Zucker, and he may run for mayor.

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AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using

This is a preview of the AI IN BANKING research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports.

Discussions, articles, and reports about the AI opportunity across the financial services industry continue to proliferate amid considerable hype around the technology, and for good reason: The aggregate potential cost savings for banks from AI applications is estimated at $447 billion by 2023, with the front and middle office accounting for $416 billion of that total, per Autonomous Next research seen by Business Insider Intelligence.

Most banks (80%) are highly aware of the potential benefits presented by AI, per an OpenText survey of financial services professionals. In fact, many banks are planning to deploy solutions enabled by AI: 75% of respondents at banks with over $100 billion in assets say they're currently implementing AI strategies, compared with 46% at banks with less than $100 billion in assets, per a UBS Evidence Lab report seen by Business Insider Intelligence. Certain AI use cases have already gained prominence across banks' operations, with chatbots in the front office and anti-payments fraud in the middle office the most mature. 

See the rest of the story at Business Insider

See Also:

• UK Parliament is concerned about potential effects of the pandemic on the UK's cash infrastructure
• Greater Than has launched a cloud-based loyalty program
• Bank of America, Citi, Chase, and Wells Fargo have shifted employees to deal with defaulted loans

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