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Uber, After Buying Postmates, Lays Off More Than 180 Employees

SAN FRANCISCO — Uber on Thursday laid off roughly 185 people from its Postmates division, or about 15 percent of Postmates’ total work force, said three people with knowledge of the actions, as the ride-hailing giant consolidates its food delivery operations to weather the pandemic.Most of the executive team at Postmates, including Bastian Lehmann, the founder and chief executive of the popular food delivery app, will leave the company, said the people, who spoke on condition they not be named because they were not authorized to speak publicly. Uber bought Postmates last year for $2.65 billion.Some Postmates vice presidents and other executives …

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The Covid-19 Origin Investigation

President Biden stopped America’s withdrawal from the World Health Organization on his first day in office. The premise of his decision is that reforming international institutions from inside is more effective than leaving or withholding funds, and this theory will be tested quickly.
“China has total control over the World Health Organization,” Donald Trump said last year when announcing the U.S. would leave. That was typical hyperbole, but he had a point. WHO director-general Tedros Ghebreyesus fawned over China’s response to the virus—“very impressive, and beyond words”—as Beijing destroyed virus samples, neutralized whistleblowers, and spread …

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Trump’s Worst Virus Failure

My first surprise was that Donald Trump embraced the job after his 2016 win, not treating his election as an unwelcome accident, a publicity stunt gone awry, or a personal disaster facilitated by the mad interventions of James Comey.
He had every reason to. For the first time in his life, he would face opponents who didn’t merely want to get the better of him in a business deal but who craved his destruction. Welcome to politics. And he compounded his risk by his lifelong habit of bringing only episodic focus to any issue. Example: He pretty much lost interest …

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America Emerges Disunited but Intact

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Peggy Noonan
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Peggy Noonan

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@Peggynoonannyc

peggynoonanny/

Peggy.Noonan@wsj.com

Jan. 21, 2021 6:18 pm ET

Jill and Joe Biden at his inauguration in Washington, Jan. 20.

Photo:

angela weiss/Agence France-Presse/Getty Images

So it ended, so it begins. We ought to give ourselves a moment this weekend to take pleasure in the end of a strange, grinding era and rejoice in the continuance of something we had blithely taken for granted: the peaceful transfer of presidential power. That jewel in our crown had been there a long time; we’d neglected the binding wire and setting and it came …

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Biden promises to ‘repair alliances’ as world questions U.S. strength, commitment

LONDON – Relief and skepticism in Europe. Anger in China over a parting shot. And concern in Russia over what the next four years herald for Moscow’s activities on the world stage. The whole world watched Wednesday as Joe Biden was sworn in as the 46th U.S. president – and outgoing President Donald Trump departed the White House one last time for Florida, turning the page on an administration that has hurt the U.S. image abroad and exposed some of America’s most glaring social, economic and racial fault lines.  ‘This is America’s day’: Biden inaugurated as 46th president, Harris sworn …

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Greta Thunberg ends Twitter feud with ‘very happy old man’ Donald Trump as he leaves White House: ‘So nice to see!’

Greta Thunberg struck the last blow in a Twitter clash with former President Donald Trump on Wednesday.The Swedish climate change activist, 18, tweeted a photo of Trump departing the White House for the last time, standing in front of Marine One with his fist held in the air.”He seems like a very happy old man looking forward to a bright and wonderful future. So nice to see!” She captioned the tweet, which she also posted to Instagram.It was a play on Trump’s September 2019 tweet after Thunberg’s emotional speech to world leaders at the UN: “She seems like a …

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The Election Rejectionists

As Americans like to tell the world, a hallmark of democracy is the willingness to accept defeat and the peaceful transfer of power. The tragedy of the last two presidential elections has been the refusal of partisans to accept defeat, and public trust in American self-government is eroding as a result.
Democrats in 2016 abused the FBI to push the Russia collusion myth and refused to accept Donald Trump’s legitimacy. Hillary Clinton still doesn’t. Now some Republicans are returning the disfavor by challenging the ritual counting of the Electoral College votes by the new Congress this week. Neither one …

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How the Fed Stifles Lending

Dear Jerome Powell: End quantitative easing now. The Japanese tried QE in 2001, buying government debt, mortgage securities and even stocks. It didn’t work. The Federal Reserve has tried it four times since Lehman Brothers went belly up in 2008. QE doesn’t work and instead of keeping markets stable it creates instability.
The Fed supervises and regulates U.S. banks. But traditional banking (think Mr. Potter from “It’s a Wonderful Life”) represents only about 15% of all lending, maybe less. The rest is the mysterious-sounding shadow banking system based on securities lending and other credit products, including repurchase agreements—the …

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British judge denies US extradition request for WikiLeaks’ Julian Assange, citing suicide risk

A British judge ruled Monday that WikiLeaks founder Julian Assange should not be extradited to the U.S. on espionage charges because he is a suicide risk, in a move that touches on press freedoms and the international reach of the U.S. justice system. The ruling ostensibly brings to an end a legal saga that has dragged on for almost a decade and has been full of controversies that pitted Washington against rights campaigners who say the U.S. government tried to redefine what journalists can publish.U.S. prosecutors said they would appeal the ruling. Assange was indicted …

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