Skip to navigationSkip to content
Ana Kova

Good evening.

One small step

All things Texas

The Lone Star State, but make it fashion. The world’s biggest luxury brand, Louis Vuitton, is investing $50 million into a bag production factory on a Texas ranch south of Fort Worth. They have good reasons why.

Why Louis Vuitton opened a factory on a ranch in Texas

I never thought I'd see the day where Bernard Arnault would be in a photo with Trump. But this is a great set of news for the US manufacturing sector, and hopefully this can create a bigger trend towards fashion brands setting up more US plants.

That said, "Made in the USA" is a tag that brands can

I never thought I'd see the day where Bernard Arnault would be in a photo with Trump. But this is a great set of news for the US manufacturing sector, and hopefully this can create a bigger trend towards fashion brands setting up more US plants.

That said, "Made in the USA" is a tag that brands can only use if 100% of their products are sourced there. The leather isn't entirely from Texas (which is a bit odd) but this issue has also hindered the watch world.

There so much more under this hood, but kudos to LVMH for this news.

Fact-checking Facebook

Private Facebook groups enable dangerous medical scams. A Business Insider investigation finds closed groups have allowed unlicensed medical “cures” to proliferate, and the social network’s response hasn’t been enough to stop them.

Unlicensed medical 'cures' are flourishing in closed Facebook groups, where cancer treatments — and even surgery — are sold beyond the reach of the law

That, here, precisely demonstrates how Facebook and other current social media are ill-equipped to address dangerous quackeries. They are flourishing, not because they are not forbidden, but because their rational can remain unchallenged forever inside closed online groups.

Future of finance

What is better than neobanks? Neobank killers. Venture capitalists have poured billions of dollars into digital bank startups like Revolut, but some investors think they’ve found an even better bet in the fintech sector.

As neobank valuations bubble up, some investors think there’s an even better bet in fintech

Doubt is growing about the sky-high valuations for tech unicorns, including the much hyped fintechs. I've been speaking with investors who are wary that these companies will ever truly be worth these lofty price tags. At this point, they are looking for less sexy alternatives.

In the meantime, judgement

Doubt is growing about the sky-high valuations for tech unicorns, including the much hyped fintechs. I've been speaking with investors who are wary that these companies will ever truly be worth these lofty price tags. At this point, they are looking for less sexy alternatives.

In the meantime, judgement day will come for the neobanks, if they survive long enough to try to go public.

What comes after the iPhone?

Game on... and off

More details on the row. China had reportedly asked the NBA to sack Morey for his tweet. The league—which is trying to protect a reputation for standing up for human rights—hasn’t caved.

The backlash over China’s NBA bullying is only going to get worse

There's so many good takes about this thriller. Who would've thought Morey's tweet could cost the NBA a substantial amount? To quote a smug tweet I read this morning, "that's talent." But there's something deeper at play. I'm going to spitball (another term I learned on sports twitter) that the CCP -

There's so many good takes about this thriller. Who would've thought Morey's tweet could cost the NBA a substantial amount? To quote a smug tweet I read this morning, "that's talent." But there's something deeper at play. I'm going to spitball (another term I learned on sports twitter) that the CCP -- I make an effort to separate the Chinese government from the Chinese people -- woefully miscalculated. My take is that they've become increasingly confident with expanding censorship beyond their borders but missed a couple of factors in their current impasse with the NBA:

1. NBA is wokest professional league in the United States. We're not dealing with the NFL if you catch my drift.

2. In the US (ironically) private corporations call the shots not the gov't. However CCP has witnessed the demagogic rule of President Trump who has succeeded in extinguishing careers (remember Kathy Griffin. Hollywood blackballed her.)

3. Daryl Morey is one of the most powerful GMs and innovators in the NBA off the court. He's a strong proponent of analytics-driven basketball dubbed "Moreyball" that transformed basketball from a mid jumper shot game to the land of triples that suits the likes of the Warriors and Rockets. He also cofounded the very popular MIT Sloan Sports Analytics Conference.

4. NBA's decision would set a precedent for future interactions with China and uncharacteristically of an American firm the NBA chose values over money.

5. Morey didn't do anything egregiously wrong. The CCP has adopted an increasingly subjective and capricious "prone to be offended" disposition that makes it difficult to understand what actually IS offensive. I mean this is the same government that banned Winnie the Pooh.

Let's see how this story develops.

The US presidency

The next G7 will be held at a Trump resort. The White House announced the 2020 summit will take place at Trump National Doral golf resort near Miami, Reuters reports.

Trump will host G7 summit next year at one of his own properties: White House official

As we reported last month, if any other federal employee were to make this deal, they would likely be prosecuted: https://qz.com/1706517/trumps-bid-to-bring-g7-to-his-doral-resort-is-probably-illegal/

Allowing this to happen flies in the face of the Emoluments Clause. I don't care if they make you believe it will save money. His Doral property, like a lot of his properties, aren't doing well, and having taxpayers pay to bail out his properties is insanity.

It doesn't matter if it's done at cost

Allowing this to happen flies in the face of the Emoluments Clause. I don't care if they make you believe it will save money. His Doral property, like a lot of his properties, aren't doing well, and having taxpayers pay to bail out his properties is insanity.

It doesn't matter if it's done at cost. This is still using federal dollars to keep his properties above water. It's all he cares about. If you don't believe me, when was the last time he talked about the GLWA? Or Feral Hogs invading new states? Or fires out west? Only when he thinks it averts attention to something else he doesn't want to talk about.

The optics here don’t look good. Mulvaney may say that it’s being held at cost but unless they open up the books why must we believe them. More than anything this is an endorsement of any leader who uses their position to profit and that has long term ramifications.

How can you know which Trump impeachment polls to believe? As with all polling, the results depend to some extent on who is polled, what they are asked, and when.

How to know which Trump impeachment polls to believe

Here’s what this comes down to:

(1). Is national support for impeachment and removal north of 70%?

(2). Is GOP support north of 50%?

(3). Support for impeachment in the key Senate races in 2020.

(4). Data on whether Congressional Republicans are better off with Trump at the top of the ticket or

Here’s what this comes down to:

(1). Is national support for impeachment and removal north of 70%?

(2). Is GOP support north of 50%?

(3). Support for impeachment in the key Senate races in 2020.

(4). Data on whether Congressional Republicans are better off with Trump at the top of the ticket or someone else (like Romney).

This is a mathematical question and nothing else.

The new TV

The world in 50 years

What will we wear? Executive producer of “The Bold Type”, Joanna Coles, envisions a better marriage between tech and clothing. “I think we’ll wear much more intelligent, sustainable fabrics that work with our bodies.”

The World in 50 Years: What will we wear?

I think the future of fashion is uniforms. Maybe it's not wearing the exact same thing every single day but I do foresee a drastic reduction in the quantity of clothes we buy and wear. Capsule closets have gained momentum in recent years as consumers Marie Kondo their wardrobes. Companies such as Rent

I think the future of fashion is uniforms. Maybe it's not wearing the exact same thing every single day but I do foresee a drastic reduction in the quantity of clothes we buy and wear. Capsule closets have gained momentum in recent years as consumers Marie Kondo their wardrobes. Companies such as Rent the Runway have successfully capitalized on a clothing rent and return model. While a focus on utilizing sustainable garment materials is equally important, I think in the next 5 (or 50 years) fashion will continue to embrace the "less is more" mindset. 

To infinity and beyond

Close
Flint’s Water Crisis Started 5 Years Ago. It’s Not Over.

Flint’s Water Crisis Started 5 Years Ago. It’s Not Over.

Read more on The New York Times

From Our Members

  • Progress is happening, but painfully slowly.

    “‘[Flint is] still dealing with the trauma and the aftermath of having been poisoned at the hands of the government,’ Karen Weaver, who replaced Mr. Walling as mayor largely because of anger over the water crisis, said in an interview this week. Ms. Weaver

    Progress is happening, but painfully slowly.

    “‘[Flint is] still dealing with the trauma and the aftermath of having been poisoned at the hands of the government,’ Karen Weaver, who replaced Mr. Walling as mayor largely because of anger over the water crisis, said in an interview this week. Ms. Weaver continues to tell residents to drink only bottled or filtered water....

    Five years ago, Melissa Mays was a concert promoter in Flint who drank from the tap and never worried about lead or Legionella.... Today, she drinks only bottled water. She showers quickly. She does not trust what the government tells her. ‘It’s one huge nightmare piled on top of another one,’ Ms. Mays said this week....

    The authorities pledged to bring justice to Flint. Those at fault in the water crisis would be held responsible, they promised.... Still, five years later, no one has been sentenced to prison time. Seven people have pleaded no contest to misdemeanors as parts of plea deals, while others — including some of the highest-level employees — have cases still pending.”

    The fact that nobody went to jail over this scandal — over the poisoning of thousands of Americans, most of whom were children — is a national embarrassment on a historic scale. It says that politicians and the wealthy (along with the police) are functionally immune to punishment for capital crimes all the way up to murder.

    Can you imagine what would happen if an individual introduced toxic chemicals into a city’s water supply, poisoning thousands and killing hundreds? And this attack caused a massive crisis that resulted in the National Guard supplying food and water to American citizens like war refugees? They’d be getting life in prison or the death penalty, and would be treated (rightly) as a terrorist or at least a serial killer.

    But if a handful of politicians get together and conspire to do exactly the same thing, there are no consequences whatsoever.

    All this in a country founded on rebellion against a tyrant, a war to build a government “of the people, by the people, and for the people.”

    Absolutely pathetic.