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"This was not a riot": Biden commemorates anniversary of the Tulsa Race Massacre

The acts of hate in Tulsa 100 years ago bear a "through line that exists today," President Biden said Tuesday, as he commemorated the anniversary of the Tulsa Race Massacre.

Why it matters: The massacre, which killed an estimated 300 people and burned multiple blocks of theBlack neighborhood Greenwood, is considered one of the worst terrorist attacks in U.S. history. Survivors and their descendants have pressed for reparations for decades.

  • "I still see Black men being shot, Black bodies lying in the street. I still smell smoke and see fire," Viola Fletcher, one of the last living survivors, testified before a House committee in May. "I have lived through the massacre every day. Our country may forget this history, but I cannot."

What he's saying: "For much too long, the history of what took place here was told in silence, cloaked in darkness," Biden said. "Just because history is silent it doesn't mean that it did not take place and while darkness can hide much, it erases nothing."

  • That night, "Mother Fletcher says they fell asleep rich in terms of wealth, not real wealth but a different wealth, a wealth in community and heritage," Biden said. "One night changed everything."
  • "[T]his was not a riot. This was a massacre — among the worst in our history, but not the only one. And for too long, forgotten by our history. As soon as it happened there was a clear effort to erase it from our memory, our collective memory," Biden noted. "Tulsa didn't even teach the massacre" for years.
  • "We can't choose to just learn what we want to know and not what we should know."

In his speech, Biden unveiled a set of policies aimed at closing the wealth gap between white and Black people.

Worth noting: Some of Biden's proposals have drawn backlash from the NAACP, whose leader criticized the plan's failure to cancel student debt, the Washington Post reports.

The big picture: Biden met with survivors earlier on Tuesday after touring the Greenwood Cultural Center.

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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