Axios Re:Cap, our new afternoon podcast hosted by Axios business editor Dan Primack, launches tomorrow, Monday, June 15.
The bottom line: In just 10 minutes, Dan and his guests — global business leaders, influential political operators, and reporters chasing huge scoops — take you inside the accelerating forces, technologies and trends that are remaking your world and work.
Robert Kaplan, president of the Federal Reserve Bank of Dallas, told CBS News' "Face the Nation" Sunday that systemic racism is a constraint on economic growth, and that a more "inclusive" economy with equal opportunities will lead to faster workforce growth and higher productivity.
Why it matters: Protests in major cities around the United States were ignited by the killing of George Floyd in Minneapolis, but they have expanded beyond demonstrations against police brutality to include economic and educational injustices faced by people of color.
Criminals are getting busy — and creative — with an onslaught of new frauds preying on people's fears and anxieties about the coronavirus pandemic.
The big picture: Desperate people are finding their unemployment checks and stimulus payments stolen. They're also being bombarded with offers for fake cures, fake work-at-home offers and messages asking for personal financial information.
A top ABC News executive was placed on administrative leave pending an investigation Saturday following a HuffPost report alleging she's used racist language about "Good Morning America" co-anchor Robin Roberts and other black staff.
Why it matters: Barbara Fedida oversees hiring and diversity programs. The report also accuses Fedida of "enabling a "toxic" and "abusive" work environment. Fedida "wielded arguably the most power at the network in determining the fates of Black employees in terms of hiring and contracts," per a statement from the National Association of Black Journalists (NABJ).
American Express gained greater access to China's spenders on Saturday after the People's Bank of China cleared the company to operate its card-clearing network in the mainland.
Our thought bubble, via Axios' Felix Salmon: Until now it has been hard for Chinese nationals to obtain a card that is accepted by a broad range of international merchants, and it has been almost impossible for non-Chinese nationals to obtain a card (or app) that is accepted by a broad range of Chinese merchants.
