Biden’s son-in-law faces scrutiny over startup investment

Move over Hunter, now it’s Howard’s turn to face some Biden family conflict-of-interest scrutiny.

Politico reported Tuesday that Joseph R. Biden’s son-in-law Howard Krein served as an informal adviser to his campaign’s COVID-19 response while also being involved in a venture capital firm that set aside $1 million for startups with ideas aimed at addressing the pandemic and others like it.

StartUp Health, the investment firm that employs Mr. Krein, who is married to Mr. Biden’s daughter Ashley, sought to pump money into ideas related to “mitigating, managing, or treating the coronavirus or future pandemics,” according to the company’s website.

Mr. Krein had been involved in daily briefing calls with Mr. Biden, according to Bloomberg and The New York Times.

Around the same time, Politico reported that his venture capital firm announced it was looking to invest $1 million into startup companies with possible coronavirus breakthroughs.

Mr. Biden has already

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Society’s recent pandemic shifts call for careful investment decision-making

Let’s consider how the world has changed in the past six months. Physical distancing is now the rule and working from home has emerged as a secular post-COVID-19 theme. A lot of people don’t seem to want to hear this, but it is true nonetheless. Not everyone prefers to work from home but a whole lot more do, now they have a taste of what it is like not to have to spend money on business attire, or spend two hours every day fighting traffic.

KPMG just conducted a U.S. study and found that miles driven are down 10 per cent year over year and that includes all the road vacations that have replaced travel by air. The University of Chicago weighed in with a survey of its own and estimated that Americans working from home are saving 60 million commuter hours each workday. The poll also shows that 52.3

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Indonesia Passes Law to Simplify Labor, Investment Rules

(Bloomberg) — Indonesia has rushed the approval of a law aimed at creating jobs and attracting investments, a day before 2 million workers were set to stage a three-day strike to reject it.



a group of people walking down the street: Workers transport carts loaded with boxes at Tanah Abang market in Jakarta, Indonesia, on Tuesday, Aug. 4, 2020. Indonesia is scheduled to announce its second-quarter gross domestic product (GDP) figures on Aug. 5.


© Bloomberg
Workers transport carts loaded with boxes at Tanah Abang market in Jakarta, Indonesia, on Tuesday, Aug. 4, 2020. Indonesia is scheduled to announce its second-quarter gross domestic product (GDP) figures on Aug. 5.

The parliament agreed to pass the omnibus bill on jobs in a plenary meeting on Monday. It was previously set to hold the meeting on Oct. 8.

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The law that seeks to simplify and revise more than 70 existing regulations will overhaul the country’s labor rules, make it easier for companies to secure permits and ease foreign ownership requirements. Its passage sets the income tax from capital gains to 20%, while some dividend taxes will be exempted.

Indonesian Workers Rally

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This is How the Government Can Ramp Up Climate Tech Investment

(Bloomberg) — The last couple of weeks have brought a steady stream of new pledges to achieve net-zero carbon emissions within the next handful of decades. China committed to it; so did Walmart Inc. And yet a report released last month by the International Energy Agency, which advises governments on energy policy, estimated that roughly half of the technologies that will be needed to get us to net zero globally by 2050 aren’t even commercially available yet. Yikes.



Equipment installed as part of the Petra Nova Carbon Capture Project stands at the NRG Energy Inc. WA Parish generating station in Thompsons, Texas, U.S., on Thursday, Feb. 16, 2017. The project, a joint venture between NRG Energy and JX Nippon Oil & Gas Exploration Corp., reportedly captures and repurposes more than 90% of its own Co2 emissions.


© Bloomberg
Equipment installed as part of the Petra Nova Carbon Capture Project stands at the NRG Energy Inc. WA Parish generating station in Thompsons, Texas, U.S., on Thursday, Feb. 16, 2017. The project, a joint venture between NRG Energy and JX Nippon Oil & Gas Exploration Corp., reportedly captures and repurposes more than 90% of its own Co2 emissions.

The dirty secret of deep decarbonization is that it won’t occur from

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