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Biden proclaims day of remembrance on Tulsa Race Massacre's 100th anniversary

President Biden issued a proclamation to commemorate the 100th anniversary of the Tulsa Race Massacre and declared Monday to be a "Day of Remembrance."

Driving the news: Biden said he wanted Americans to reflect on "this solemn centennial" the "deep roots of racial terror in our nation and recommit to the work of rooting out systemic racism across our country."


100 years ago, a violent white supremacist mob raided, firebombed, and destroyed the thriving Black neighborhood of Greenwood in Tulsa, Oklahoma.

Today, we recommit to eradicating systemic racism and helping to rebuild communities and lives that have been destroyed by it.

— The White House (@WhiteHouse) May 31, 2021
Biden

What else he's saying: Biden said with the proclamation, he was committing to the descendants and survivors of the rampage by white supremacists, who killed as many as 300 Black Americans in the-then thriving Black neighborhood of Greenwood, and that "this Nation that we will never forget."

  • "We honor the legacy of the Greenwood community, and of Black Wall Street, by reaffirming our commitment to advance racial justice through the whole of our government, and working to root out systemic racism from our laws, our policies, and our hearts," he said.
  • "The Federal Government must reckon with and acknowledge the role that it has played in stripping wealth and opportunity from Black communities," he added.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

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Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

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"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

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What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

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