Nonprofit leaders furious as Chan Zuckerberg Initiative cuts funding

Earlier this year, Juan Hernandez was having exciting conversations with the Chan Zuckerberg Initiative about what to do with his next round of funding. Hernandez, the CEO of Creser Capital Fund, had received $500,000 two years earlier from Mark Zuckerberg and Priscilla Chan’s mammoth philanthropic organization for his nonprofit, which provides loans to Latino entrepreneurs….

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Government Workers Cannot Be Fired for Their Political Views – The Atlantic

The First Amendment forbids widespread loyalty purges. Illustration by The Atlantic. Source: Getty Just a few years ago, then-Senator J. D. Vance of Ohio said that if Donald Trump were reelected, he would advise the president to “fire every single mid-level bureaucrat, every civil servant in the administrative state” and “replace them with our people.”…

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Elon Musk Appears to Make Fascist Salute at Trump Inauguration Rally

WASHINGTON – Tech billionaire Elon Musk, speaking at a Trump celebration rally at Washington’s Capital One Arena, appeared to conclude his remarks with a “Roman salute,” a fascist gesture most commonly associated with Nazi Germany, where it was performed alongside the phrase “Heil Hitler.” The gesture continues to be used among far-right groups worldwide, particularly…

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Stanford President Resigns After Report Finds Flaws in his Research – The New York Times

Marc Tessier-Lavigne was cleared of accusations of scientific fraud and misconduct. But the review said his work had “multiple problems” and “fell below customary standards of scientific rigor.” Marc Tessier-Lavigne, a noted scientist, announced he would resign as president of Stanford University.Credit…Carolyn Fong for The New York Times July 19, 2023Updated 6:18 p.m. ET Following…

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SVB Panic Spreads As European VCs Urge Founders to Pull Funds

At least 10 European VC funds have told their founders to pull funds out of Silicon Valley Bank. That follows prominent US investors telling their firms to get their money out through Thursday. The tech lender was plunged into crisis after a $21 billion firesale of its bond portfolio. Silicon Valley Bank’s woes spread overseas…

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