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U.S. fears China attack on Taiwan

The Biden administration has concluded that China "is flirting with the idea of seizing control of Taiwan as President Xi Jinping becomes more willing to take risks to boost his legacy," the Financial Times reports.                     

Why it matters: An invasion of Taiwan, the self-governed island claimed by Beijing, would force the U.S. to decide whether to go to war with China to defend an implicit ally.


  • The recent conclusion by the Biden administration is based on Chinese behavior during the past two months a senior U.S. official told FT.
  • After a show of force by Chinese bombers off Taiwan just after President Biden took office, the State Department said: "We urge Beijing to cease its military, diplomatic, and economic pressure against Taiwan."

Adm. John Aquilino, nominee to head U.S. forces in the Pacific, warned the Senate Armed Services Committee this week that the threat to Taiwan "is much closer to us than most think," CNN reported.

Adm. Philip Davidson, current head of the U.S. Indo-Pacific Command, testified earlier this month that the Chinese military is building up offensive capability, making the threat to Taiwan "manifest during this decade — in fact, in the next six years."

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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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Video shows Louisiana cop beating Black man with flashlight in 2019

Video obtained by the Associated Press shows a Louisiana police officer in 2019 beating Aaron Larry Bowman, a Black man, 18 times with a flashlight, as he is heard screaming, "I'm not resisting! I'm not resisting!"

Driving the news: Bowman was left with a broken jaw, three fractured ribs, a broken wrist and a gash to his head that required six staples to close. The officer, who was white, defended the beating by saying it was "pain compliance" to get Bowman into handcuffs.

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Wildfires spark evacuations in 3 states as heat wave grips West

Extreme heat gripping the West is spurring wildfires across California, Oregon and Idaho.

Driving the news: Oregon's Bootleg fire was threatening transmission lines that supply California with power after doubling in size to 120 square miles on Saturday, while a huge wildfire in Northern California's Plumas National Forest "generated its own lightning," per the Los Angeles Times.

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LinkedIn to start paying global ERG leaders $10,000 a year

LinkedIn will begin paying the global co-chairs of its employee resource groups $10,000 a year starting in July, Axios is first to report.

Why it matters: Diversity and inclusion has been a huge focus for companies during the past year, with hiring within D&I roles growing more than 90%. However, employee and affinity groups are most often run on a volunteer basis with limited financial support for their efforts.

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