- System failure in Afghanistan
- Biden to address the nation at 3:45 p.m.
- Taliban declare victory in Afghanistan
- U.S. temporarily suspends evacuations at Kabul airport to clear runway
- Scoop: Joint Chiefs chairman moves up terrorist threat in Afghanistan
- Thousands of prisoners freed by Taliban could pose threat to U.S.
- Reports of several dead amid chaos at Kabul airport
- Jake Sullivan: Biden didn't think it was "inevitable" Taliban would take control
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May. 28, 2021 01:48PM EST
Biden's push for fiber revives a Google dream
President Biden's plan to boost broadband across the country could also be a boon to Google's internet ambitions.
Why it matters: Biden wants to invest billions in building "future-proof" networks to connect all Americans, using a technology that Google previously struggled to deploy widely.
What's happening: Biden's plan emphasizes building fiber and steering funding to community-owned networks to ensure widespread connectivity and increase competition. That generally aligns with Google Fiber's new approach of partnering with cities willing to do the bulk of the infrastructure work.
The big picture: Fiber-optic lines deliver broadband to residential homes at gigabit speeds — much higher than the current federal definition of broadband, 25 Mbps download/ 3 Mbps upload.
- Fiber installed directly to homes could close the digital divide in a more lasting way than technologies that aren't capable of the same speeds, but building fiber networks through rural terrain and sparsely populated areas is very expensive.
Catch up quick: In 2010,Google announced plans to build a 1-gigabit-per-second fiber network in trial locations, but in 2016 "paused" expansion to new cities.
What went wrong: Google quickly learned that building a fiber network can be a long and costly process.
- A big issue for the company was the bureaucratic slog of attaching their equipment to poles, which in some cases involved working with competitors to gain access.
What they're saying: "One of the things we've learned is building infrastructure is long, slow, extraordinarily expensive, and fundamentally different than writing code for a new Google product," John Burchett, Google Fiber head of policy, comms, and community affairs, told Axios. "We may have started this process with a little bit of naïveté about how quickly we could impact the world."
The pivot: Google Fiber, which is available in 16 cities, said in July that West Des Moines, Iowa, would be the first new city it enters.
- The city is building an open-access conduit network for use by multiple internet service providers, and Google Fiber will be the first tenant on the network.
- "This is all part of us looking for ways to move faster in an economically sustainable model," Burchett told Axios. "And hopefully show the industry that there is a way for new entrants in this market to compete."
By the numbers: A 2017 study from Paul de Sa, then the chief of the FCC's Office of Strategic Planning and Policy Analysis, found that it would cost $80 billion to subsidize a fiber network that would reach the 22 million locations that lacked high-speed internet access using 2015 data.
Cities that want to build their own networks could see funding from the Biden administration's infrastructure proposal.
- The White House points to studies that argue that community-run networks offer lower prices to consumers and that some of the fastest networks in the country are municipal-run or in cities partnering with providers to offer internet service.
- Google Fiber sees the administration's interest in city-run networks as a way for it to expand the West Des Moines model to other cities — with Google or another provider as a partner.
- "I think it's an opportunity for Google Fiber, but more importantly it's an opportunity for communities to figure out how best to meet their broadband needs, because we all can agree what we've got now isn't working," Burchett said.
Yes, but: Republicans on the Hill are opposed to city-run networks, which they argue can be poorly managed, and they worry the focus on fiber could lead to upgrading existing service rather than connecting Americans who lack any options.
Ting Internet, a fiber provider in 13 cities, said it works with cities that need broadband, but often builds and operates the networks itself.
- "There's not one model that will work for every place," Ting senior vice president Jill Szuchmacher, a Google Fiber alum, told Axios. "Some of our builds, we've built the network ourselves and operated it. Others, we've partnered with cities where they've they owned the network, or they build a network. It really will take creativity."
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Jun. 20, 2021 10:31PM EST
HUD secretary: Bad enforcement of Fair Housing Act to blame for Black homeownership decline
During a wide-ranging interview for "Axios on HBO," I asked Housing and Urban Development Secretary Marcia Fudge why Black homeownership rates have gone down, while rates for Asians and Hispanics have gone up.
The big picture: "Part of our problem is that we have never totally enforced the Fair Housing Act," Fudge told me during a visit to her native Cleveland.
The bottom line: "That is why we are doing things like homeownership assistance, why we're addressing the student loan issue, why we're looking at how credit is distributed. For people of color, especially Black people, homeownership is wealth. It is not only wealth to us, but it is generational wealth."
What's next: One solution is a HUD plan, outlined in a Wall Street Journal article, that aims to help prospective home buyers by relaxing the calculation on their qualification for government-backed loans.
- "Who has student debt?" Fudge said. "Poor people, Black people, brown people. We're the people who carry the most debt. And so the system's already skewed toward us not being creditworthy."
Fudge gave the example of a person who makes about $50,000 a year.
- "If they want to purchase a home — maybe $200,000 or in that ballpark — [if] they have $75,000 worth of student debt, they don't qualify," she said. "Once we make the adjustments we're going to make, that same person will qualify."
- She said that this hypothetical person would "qualify at a rate that gives them an opportunity to go into a home with some equity, but also be so vested in that home that they can afford to stay in that home."
Go deeper: The stark racial gap in homeownership
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Jul. 09, 2021 08:37PM EST
Torrid IPO could spur more investment in plus-size apparel market
The fashion industry has been notoriously unfriendly to body sizes and shapes outside the slim standard seen on the catwalk.
Driving the news: Plus-size apparel retailer Torrid’s IPO last week may help thaw those attitudes, at least from an investor standpoint.
Why it matters: While recent social movements have pushed mass market brands to become more inclusive, there still seems to be a lack of sustained commitment.
- As a listed company, Torrid’s performance will be public for competitors in the industry to consider.
By the numbers: Torrid is the largest direct-to-consumer plus-size apparel brand in North America by net sales, which in 2019 reached more than $1 billion, and for the 12 months ending May 1 exceeded $1.1 billion, according to its S-1.
- The market for plus-size apparel and intimates was $85 billion in 2019, or 89% of the straight-sized market, Torrid says.
What they're saying: "There's still some hesitancy for retailers to fully embrace this market," Kayla Marci, market analyst for retail market intelligence platform Edited, tells Axios.
But there's a commercial opportunity.
- Consumers don't necessarily want to be excluded or labeled differently from their peers because of size, Marci says.
- Torrid's IPO is "hard evidence of the demand for plus-size fashion" — and retailers should be motivated to compete, she adds.
- The company's stock is up 16% from its IPO price, and its market cap is $2.7 billion.
State of play: The mean weight, height and waist size of an American woman is 171 pounds, 5’3 and 38.7 inches, according to the CDC, which translates to a U.S. size 16 at Torrid and H&M, 18 at Athleta and 20 at Old Navy.
- So while "plus-size" actually encompasses average American sizes, more than 90% of clothing sold by major retailers like Macy’s and Net-a-Porter are under size 16 — the point at which the plus-size labeling starts.
Over the last few years, retailers like Old Navy and Forever 21 and apparel brands like Adidas, Nike and Reformation have started to offer (or relaunch) additional sizes in stores and online, while new brands continually pop up.
But Loft recently announced it would stop offering plus sizes 3 years after the first rollout.
- Torrid itself was once part of retailer Hot Topic, which spun out the concept to an independent private company in 2013.
- Luxury designers have started to experiment with more sizes. But critics point out the sizes aren’t inclusive enough and certain partnerships feel like a marketing ploy.
Yes, but: The lack of larger sizes isn’t the only issue — there’s also a lack of sizing consistency across brands due to a variety of factors including vanity sizing, as well as a lack of styles people want to wear when larger sizes are available.
The big picture: Designers and retailers see a clear path to growth is to offer more sizes, designer Cynthia Vincent tells Axios. "My hope is that it is done with some care and understanding and not just as a box checked to chase a dime."
- "This community is vocal and strong, [and] they can spot inauthentic or pandering and are quick to rally and point this out."
Go deeper: Got to be “two-something to do something” at this Charlotte boutique, courtesy of Axios Charlotte.
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Aug. 12, 2021 04:28PM EST
Taliban capture third-largest city in Afghanistan, 11th provincial capital in last week
Data: Al Jazeera and AP; Map: Axios Visuals
The Taliban captured the cities of Ghazni and Herat on Thursday, the 10th and 11th provincial capitals to fall to the militant group in recent days, AP reports.
Why it matters: Herat is the third-largest city in Afghanistan. Ghazni is the closest provincial capital to Kabul to fall to the Taliban — putting their frontlines within 100 miles of the heart of Afgahn government. Capturing Ghazni also cuts off a key highway linking it with Afghanistan's southern provinces.
- A newly released U.S. military assessment suggests that Kabul could come under pressure within 30 days and that the Taliban could gain control of the country within months, per AP.
- Kabul is not directly under attack, but "the loss of Ghazni tightens the grip of a resurgent Taliban estimated to now hold some two-thirds of the nation," AP writes.
The big picture: The string of swift Taliban successes in the final weeks of the U.S. withdrawal has dented hopes that the Afghan military and allied groups will be able to hold off the insurgency, Axios' Dave Lawler reports.
- Afghan officials have been seeking air support from the U.S. following its withdrawal, but the Pentagon has not said whether it could conduct such operations.
Go deeper: Inside the Biden administration as Afghanistan collapses
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