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To Overturn Trump, We Need to Overturn White Supremacy

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It doesn’t necessarily follow that a nationwide protest over police brutality would, for some, become a reason to take action against Confederate statues and other controversial monuments. But it has. In just the last week, protesters have knocked down Confederate statues in Richmond, Va., Nashville and Montgomery, Ala., as well as monuments to Christopher Columbus in Boston and St. Paul, Minn.

This is because the George Floyd protests are not just about police violence. They’re about structural racism and the persistence of white supremacy; about the unresolved and unaddressed disadvantages of the past, as well as the bigotry that has come to dominate far too much of American politics in the age of Trump. Born of grief and anger, they’re an attempt to turn the country off the path to ruin. And part of this is necessarily a struggle over our symbols and our public space.

Another way to put this observation is that police brutality, the proximate cause of these protests, is simply an acute instance of the many ways in which the lives of black Americans (and other groups) are degraded and devalued. And while the most consequential form this degradation takes are material — the Covid-19 crisis, for example, has revealed to many Americans the extent to which black lives are still shaped by a deep racial inequality that leaves them disproportionately vulnerable to illness and premature death — there are also many symbolic statements of black worth, or the lack thereof, out there for all to see.

Confederate statues like the ones in Richmond, the former capital of the Confederacy, or the smaller monuments that mark courthouses and town squares across the South, are visible reminders of a time when white society was nearly united in its subjugation of blacks. Erected decades after the end of the Civil War — as the white South began to codify segregation and disenfranchisement into Jim Crow — these statues set in stone the triumph over Reconstruction and the effort to make the South, and the nation, a democracy. And they marked the spaces in which they stood as essentially white territory.

Confederate monuments were erected to exclude, and they continue to stand for exclusion. In which case it’s no surprise that protesters would vandalize and tear them down. In this moment, to knock over a statue of Jefferson Davis is to claim the space for black lives against those who would try to preserve the values of the Confederacy. And to the extent that other institutions follow suit — Congress is debating an amendment that would rename military bases named after Confederate officers — it may reflect a belated recognition that these symbols are not, and cannot be, neutral.

Something similar is happening with the attempt to remove Christopher Columbus from the public sphere. The Italian explorer became an American icon in the late 19th century as Italian immigrants fought to assert their place in American society. But the real-life Columbus was a brutal, violent man who inaugurated the subjugation of natives in the present-day Caribbean and South America. His legacy is one of slavery and genocide, and that’s why Indigenous people in the United States have long opposed the commemoration of his voyage. Knocking down statues of the explorer is also an attempt to reclaim public space on behalf of the excluded and ignored. (And it’s not irrelevant that the only group more exposed to police violence than black Americans is Native Americans.)

It’s unclear how Americans feel about the removal of these statues in this manner, but we do know there has been a sea change in attitudes toward Black Lives Matter. Over the last two weeks, my colleagues Nate Cohn and Kevin Quealy note in The Upshot that support has “increased by nearly as much as it had over the previous two years.” The majority of Americans, by a 28-point margin, now support the movement.

Concurrent with this shift is a sharp drop in support for President Trump. His average job approval rating is down to 41 percent, two and a half points lower than it was on the eve of the protests. His average disapproval rating is up to 55 percent. And against the Democratic nominee for president, Joe Biden, he is down an average of eight points, a substantial decline from May. The Covid-19 crisis has harmed him, but it is his antagonistic handling of the protests that has accelerated his downward turn.

The reckoning that is toppling Confederate monuments and fueling the largest sustained protests in 50 years is also, I think, turning the voting public decisively against the president. The killing of George Floyd, the racially disparate impact of the pandemic and the violent police rioting against accountability have shown millions of Americans what the future may hold if we continue along this path of inequality, exclusion and authoritarianism. And they’re pushing back, taking to the streets to reject this rather than sitting back and letting it happen. What’s more, as election season begins in earnest, Americans are going to the ballot box as well. In Atlanta on Tuesday, thousands stood in line for hours to vote. It was at once an example of the voter suppression that threatens our democracy and a demonstration of will — a determination to use the vote to try to push this country off its current course.

It was this month, 162 years ago, when Abraham Lincoln accepted the Republican nomination for the U.S. Senate and gave his famous “House Divided” speech in Illinois. This wasn’t, as is popularly believed, a call for unity in the face of division. Just the opposite. It was an attempt to make clear the stakes of the conflict with the “slave power.”

“I believe this government cannot endure, permanently half slave and half free,” he said. “I do not expect the Union to be dissolved — I do not expect the house to fall — but I do expect it will cease to be divided. It will become all one thing or all the other.”

We cannot be a free and equal democracy and a country of inequality, unaccountable police violence and Trumpist exclusion. We will have to be either one or the other. The protests represent millions of Americans announcing their allegiance to the former. It remains to be seen whether that brings a reaction of similar scope in defense of the latter.

Source: https://www.nytimes.com/2020/06/12/opinion/sunday/floyd-protests-white-supremacy.html

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Security and Sustainability Forum-With Hazel Henderson and Claudine Schneider. 10/22/2020

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Steering Societies Beyond GDP to the SDGs

With Hazel Henderson and Claudine Schneider

October 22, 2020

1:15 pm to 2:15 pm EDT

The next webinar in the SSF series, with ecological economist and futurist Hazel Henderson, will address how the UN SDGs can and should replace GDP as the basis for valuing society leading to an economy based on planet protection and human wellbeing. Claudine Schneider is Hazel’s guest.

GDP accounts for all the public expenditures as “debt” while ignoring the value of the assets they created. If GDP were to be corrected by including the missing asset account, these debt-to-GDP ratios would be cut by up to 50% — with a few keystrokes! Learn why money isn’t what you think it is and why that matters to life on Earth in the next two webinars with Hazel and guests.

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Claudine Schneider is a former Republican U.S. representative from Rhode Island. She was the first, and to date only, woman elected to Congress from Rhode Island. She is founder of Republicans for Integrity, which describes itself as a network of “Republican former Members of Congress who feel compelled to remind Republican voters about the fundamentals of our party and to provide the facts about incumbents’ voting records.”

October 22nd webinar with Claudine Schneider and Hazel

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

[email protected]

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

Source: https://www.ethicalmarkets.com/63564-2/

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The Briefing: RVShare raises over $100M, Google disputes charges, and more

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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RVShare raises over $100M for RV rentals

RVShare, an online marketplace for RV rentals, reportedly raised over $100 million in a financing led by private equity firms KKR and Tritium Partners.

Akron, Ohio-based RVShare has seen sharp growth in demand amid the pandemic, as more would-be travelers seek socially distanced options for hitting the road. Founded in 2013, the company matches RV owners with prospective renters, filtering by location, price and vehicle types.

Previously, RVShare had raised $50 million in known funding, per Crunchbase data, from Tritium Partners. The company is one of several players in the RV rental space, and competes alongside Outdoorsy, a peer-to-peer RV marketplace that has raised $75 million in venture funding.

Funding news

  • BrightFarms closes on $100M: Indoor farming company BrightFarms said it secured more than $100 million in debt and new equity capital to support expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
  • Anyscale inks $40MAnyscale, the Berkeley-based company behind the Ray open source project for building applications, announced $40 million in an oversubscribed Series B funding round. Existing investor NEA led the round and was joined by Andreessen Horowitz, Intel Capital and Foundation Capital. The new funding brings Anyscale’s total funding to more than $60 million.
  • Klar deposits $15M: Mexican fintech Klar closed on $15 million in Series A funding, led by Prosus Ventures, with participation from new investor International Finance Corporation and existing investors Quona Capital, Mouro Capital and Acrew. The round brings total funding raised to approximately $72 million since the company was founded in 2019. The funds are intended to grow Klar’s engineering capabilities in both its Berlin and Mexico hubs.
  • O(1) Labs rakes in $10.9M: O(1) Labs, the team behind the cryptocurrency Mina, announced $10.9 million in a strategic investment round. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures.
  • Blustream bags $3M: After-sale customer engagement company Blustream said it raised $3 million in seed funding for product usage data and digital transformation efforts for physical goods companies via the Blustream Product Experience Platform. York IE led the round of funding for the Worcester, Massachusetts-based company with additional support from existing investors.Pillar secures another $1.5M: Pillar, a startup that helps families protect and care for their loved ones, raised $1.5 million in a seed extension to close at $7 million, The round was led by Kleiner Perkins.

Other news

  • Google rejects DOJ antitrust arguments: In the wake of a widely anticipated U.S. Justice Department antitrust suit against Google, the search giant disputed the charges in a statement, maintaining that: “People use Google because they choose to, not because they’re forced to, or because they can’t find alternatives.”
  • Facebook said to test Nextdoor rival: Facebook is reportedly testing a service similar to popular neighborhood-focused social Nextdoor. Called Neighborhoods, the feature reportedly suggests local neighborhood groups to join on Facebook.

Illustration: Dom Guzman

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/briefing-10-21-20/

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Syte Sees $30M Series C For Product Discovery

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Online shopping has become the norm for most people in 2020, even coaxing traditional retail brands to up their presence to stay competitive. However, now that shoppers can’t see and touch products like they used to, e-commerce discovery has become a crucial element for customer acquisition and retention.

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Enter Syte, an Israel-based company that touts creating the world’s first product discovery platform that utilizes the senses, such as visual, text and voice, and then leverages visual artificial intelligence and next-generation personalization to create individualized and memorable customer experiences, Syte co-founder and CEO Ofer Fryman told Crunchbase News.

To execute on this, the company raised $30 million in Series C funding and an additional $10 million in debt. Viola Ventures led the round and was joined by LG Technology Ventures, La Maison, MizMaa Ventures and Kreos Capital, as well as existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures and KDS Media Fund.

This brings the company’s total fundraising to $71 million since its inception in 2015. That includes a $21.5 million Series B, also led by Viola, in 2019, according to Crunchbase data.

Fryman intends for the new funding to be put to work on product enhancements and geographic expansion. Syte already has an established customer base in Europe, the Middle East and Africa, and will now focus expansion in the U.S. and Asia-Pacific.

Meanwhile, Syte has grown 22 percent quarter over quarter, as well as experienced a 38 percent expansion of its customer base since the beginning of 2020.

“Since we crossed $1 million annual recurring revenue, we have been tripling revenue while also becoming more efficient,” Fryman said. “We can accelerate growth as well as build an amazing technology and solution for a business that needs it right now. We plan to grow further, and even though our SaaS metrics are excellent right now, our goal is to improve them.”

Anshul Agarwal, managing director at LG Technology Ventures, said Syte was an attractive investment due in part to its unique technology.

“They have a deep-learning system and have created a new category, product discovery that will enable online shopping in a way we never had the ability to do before,” Agarwal said. “The product market fit was also unique. We believe in the strong execution by the team and the rapid growth in SaaS. We looked at many different companies, and the SaaS metrics that Syte showed are the strongest we’ve seen in a while.”

Illustration: Li-Anne Dias

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/syte-sees-30m-series-c-for-product-discovery/

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