Whittle your holiday shopping list down to one item. The black turtleneck is the epitome of cool, and flexible enough to grace the torsos of cultural icons from Steve Jobs to Angela Davis to Marilyn Monroe.
Downsize your holiday shopping list. Marie Kondo your Christmas. There is one gift that you can give anyone you love or loathe, whatever their type, gender, identity, or age, an offering both totally woke and loaded with history.
Good evening. We've spruced up the place.
The Fed kept rates steady. The US central bank met for the last time this year and planned no further interest rate cuts. Chairman Jerome Powell said that previous cuts had successfully offset the effects of the US-China trade war, although manufacturing and exports have yet to rally.Bloomberg.com
Harvey Weinstein and his accusers have reached an agreement. The tentative deal will provide $25 million to dozens of women who claim that the disgraced producer sexually harassed or raped them. However, the New York Times reports that the deal will not require Weinstein to admit wrongdoing or spend his own money.The New York Times
Nestlé gets a sweet deal for Häagen-Dazs. The Swiss multinational is unloading its ice cream operations to a new joint venture in a deal priced at $4 billion. In addition to Häagen-Dazs, USA Today writes that the new company will control Dreyer's, Outshine, Skinny Cow, Edy’s and Drumstick brands.USA TODAY
Time for a career change?
WeWork will lay off more than 400 employees in New York. That’s close to half its workers in the state. New York City is home to WeWork’s corporate headquarters and one of its biggest markets.Quartz
Plug in and pay up: Navigating the 2020 election
Electric vehicles could be used to hack the 2020 election. In addition to concerns about deep fakes and social engineering, plug-in cars could theoretically cause targeted blackouts, and potentially swing an election by suppressing the vote.Quartz
Swiss banking isn't what it used to be
David Miliband on immigration
Donald Trump's American border isn’t working. International Rescue Committee CEO David Miliband writes in Newsweek that policies by the Trump administration are both cruel and ineffective—but there is a better way forward if Congress acts.Newsweek
The US approach to the asylum crisis at the border is neither removing vulnerable families from harm’s way nor efficiently adjudicating the backlog of asylum claims nor stabilizing the situation at the border or in Central America. Instead this administration has pursued a cruel, ineffective, and destabilizing
The US approach to the asylum crisis at the border is neither removing vulnerable families from harm’s way nor efficiently adjudicating the backlog of asylum claims nor stabilizing the situation at the border or in Central America. Instead this administration has pursued a cruel, ineffective, and destabilizing strategy. This is a crisis that can be managed – but only if the US administration and Congress want to step up and do so. My thoughts in Newsweek on how we can do better.
Unsound methods in economics
Walmart's naughty sweater could be a costly mistake
How to run a megaplatform
Twitter’s working on an “open and decentralized” social media. CEO Jack Dorsey announced in a tweet (naturally) that his company would ideally become a client of that new standard. The project, which has yet to begin, is called Bluesky, says The Verge.The Verge
Getting beyond the fintech hype
Nubank, a digital bank in São Paulo, is one of the fastest growing fintechs in the world. Venture capital investors have taken note of the unicorn’s soaring valuation and are pouring money into the region’s startups. Quartz’s John Detrixhe spoke with Nubank’s CEO for our latest field guide. ✦Quartz
Quartz goes suitcase shopping
Forget about “Away” suitcases. Though the polycarbonate shells are a status symbol for jet-setting millennials, the firm is mired in controversy. Read Quartz’s guide on the best carry-on luggage on the market. 👉Quartz
Of course if you just need a hard-sided bag that fits in overhead bins and has four wheels, $50 will get you an Amazon Basics model that is plenty sufficient for most travelers. You’ll also have enough cash left over to buy power banks for you and all of you travel buddies.
Another bump in the road for Peloton
The past and future of tech innovation
A VC pioneer reflects on 50 years of investments. In a video interview with Quartz at Work editor Heather Landy, Alan Patricof shares where his investment ideas originate, why he plans to double down on podcasting, and, at 85, how much longer he intends to keep going. ✦Quartz
It’s a great time to invest in European tech. And not necessarily in established hubs such as London, Paris, and Berlin. In fact, formidable challengers to US dominance might emerge in Barcelona, Bratislava, and elsewhere as European cities tap vast talent pools and venture capital investment.Quartz
Time for some holiday banter
The secret origin of cheese
Gouda news, you made it to the end
The problem with economists using randomized trials in developing countriesQuartz Africa
HSBC to pay about $200 million for helping rich Americans hide moneyQuartz
Colombia is threatening to sue Walmart over a cocaine-themed holiday sweaterQuartz
How electric vehicles could be used to hack the 2020 electionQuartz
WeWork will lay off more than 400 employees in New YorkQuartz
What keeps Alan Patricof excited after 50 years in venture capitalQuartz
The next silicon valley won’t be in the USQuartz
A simple investing strategy could help you maximize your campaign donationsQuartz
Suitcases worth considering instead of the Away carry-onQuartz
TV syndication created our ironic love affair with bad moviesQuartz