● Veterans of the Chinese car industry, who’ve watched world-leading companies such as Volkswagen and Toyota struggle for decades to achieve what Elon Musk has managed in only a few years, are impressed with how skillfully he’s navigated the mainland system. Their praise is qualified by a key caveat, though. “Elon’s played the game very well,” says Bill Russo, a former Chrysler executive who’s now the CEO of Automobility, a Shanghai-based consultant. “But Tesla got this because it was in China’s interest for Tesla to have it.”⠀ ⠀ ● Link in bio for the full story.
The events of 2020 rocked every organization and every industry, upending priorities and business plans and forcing leaders scramble in response. For many organizations, particularly in the U.S., this included responding to burgeoning social justice movements, political turmoil, and of course, the Covid-19 pandemic. It would be nice to believe that 2021 will bring about stability and that now-precious word normalcy. But in reality, this year is more likely to be another one full of major transitions. While there has been a lot of focus — rightfully — on 2020's mass shift toward remote work, there are nine additional forces that to consider that will shape business in 2021 and beyond. Swipe to see what they are and tap the link in our bio to read the full article. — Adapted from "9 Trends That Will Shape Work in 2021 and Beyond," by Brian Kropp. Artist credit: Kevin Van Aelst.
Sen. Rick Scott, R-Fla., argued on Sunday that President-elect Joe Biden's coronavirus relief plan, which calls for a $350 billion “bailout” for state and local governments, “makes no sense.” “We shouldn’t have Florida taxpayers bailing out New York” and other blue states for their prior problems, he stressed. Scott made the comments on “Fox & Friends Weekend” three days after Biden unveiled a $1.9 trillion coronavirus stimulus proposal that's designed to jump-start the nation's sputtering economy and accelerate vaccine distribution to control the deadly pandemic. Go to the link in our bio for more on this story.
Like all new drugs, coronavirus vaccines come with some safety concerns and side effects. Many who’ve received the Pfizer-BioNTech and Moderna shots have experienced fever, headache and pain at the site of the injection. Norway has also reported deaths among elderly people with serious underlying health conditions after having the Pfizer shot — though health authorities now say there's no evidence of a direct link between the 33 deaths and the vaccine. We’ve put together a Q&A about the risks and the most serious reactions. See more via the link in bio, our key coronavirus coverage is free to read.
Some Americans have gotten richer during the pandemic — and it's not just billionaires. With the surge in joblessness, homelessness and hunger, it’s a difficult thing to fathom. But there’s a whole class of people who’ve had to worry little about such matters. They’ve refinanced their mortgages at record-low rates, purchased second homes away from cities, and watched the value of the stocks and bonds in their portfolios surge. The Federal Reserve’s unprecedented emergency measures — including slashing benchmark rates to zero — have padded their wallets too. Click on the link in bio to find out how the rich have got richer.
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Thailand’s reopening experiment during the pandemic hasn’t gone to plan. The tourist-dependent nation is struggling to lure foreign visitors. Just 346 people entered the country on average each month on special visas since October, well below the government’s target of about 1,200. At least 931 registered tourism-related companies closed in 2020, according to Bloomberg analysis. The lack of interest is adding pressure on Thai policy makers, who have struggled to balance industry calls to relax quarantine rules with warnings about increased risks to public health. To make matters worse, virus cases have jumped in the country. Link in bio to read more.
White House officials don’t expect President Trump to pardon himself, family members or close aides, but clemency is in the works for a famous rapper and others, according to people familiar with the matter. Trump is expected to announce a list of pardons on Tuesday (his final full day in office) and had discussed with aides the possibility of blanket pardoning himself, in anticipation he might later be charged with federal crimes. Trump has previously claimed such power, though it’s a matter of legal dispute and has never before been attempted by a president. Read more in our link in bio.