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Violence in Portland after far-right groups rally

Federal authorities intervened after clashes between armed far-right groups, some with "ties to fascist" organizations, and anti-racism protesters near the Justice Center in downtown Portland, Oregon, saw rocks, mace and paint balls used, per the Oregonian.

Of note: Portland Police officers "remained at a distance ... even as people beat others with sticks, and at least two right-wing activists brandished handguns," the Washington Post reports. The police blamed limited resources in a statement on "why the events downtown were not declared a riot and why police did not intervene."


A number of people here in downtown Portland wearing the Proud Boys polo shirt or other gear.

On the other side of the street, inflatable baby Trump pic.twitter.com/Mh7687R5Lc

— Zane Sparling (@PDXzane) August 22, 2020

Why it matters: Portland Police have frequently declared riots during unrest in the city since Black Lives Matter protests began 85 days ago, most recently on Friday.

What they're saying: The police said Portland officers "have been the focus of over 80 days of violent actions directed at the police, which is a major consideration for determining if police resources are necessary to interject."

  • According to the police, there were "some physical interactions which quickly resolved themselves" during the two-hour standoff.
"Some members from both groups threw projectiles and deployed aerosols like pepper and bear spray at each other. At times, fireworks were thrown and smoke canisters were deployed. Each skirmish appeared to involve willing participants and the events were not enduring in time, so officers were not deployed to intervene."
Police statement

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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