May 31, 2017

Joe Biden is launching a PAC

Dave Lawler, author of World

Steven Senne / AP

Joe Biden will launch a PAC on Thursday, according to the NY Times' Jonathan Martin.

As Martin writes, "The organization formalizes what has already been apparent from Mr. Biden's schedule: He very much wants to keep open the prospect of seeking the presidency for a third time.... By creating a political organization, Mr. Biden, 74, is also sending an unmistakable message to the many other Democrats eyeing the White House that he is not planning to quietly recede into retirement."

Just saying: If Biden won in 2020 he would be 78 when he entered the White House, shattering a record set by Donald Trump, who at 70 was the oldest president ever to take office.

Go deeper

55 mins ago - Technology

The slippery slope of protest surveillance

Illustration: Aïda Amer/Axios

President Trump's call to treat antifa supporters like terrorists could be a green light for high-tech surveillance of dissidents.

Why it matters: It's unlikely the Trump administration can designate antifa as a terrorist group in any legally meaningful way, but the declaration gives law enforcement tacit approval to use a plethora of tech tools to monitor protesters and left-leaning activists.

The biggest crisis since 1968

Illustration: Aïda Amer/Axios. Photo: Bettmann/Contributor

The year 1968 has been on a lot of people’s minds lately — another year of protests, violence and upheaval that seemed to be tearing the nation apart.

Yes, but: This crisis also has moments we’ve never seen before — and some historians and experts say the differences suggest that 2020 doesn't compare well at all.

SoftBank to launch $100M fund backing companies led by people of color

Illustration: Aïda Amer/Axios

SoftBank COO Marcelo Claure said in a letter to employees early Wednesday that the firm will create a $100 million fund that "will only invest in companies led by founders and entrepreneurs of color."

Why it matters: The Opportunity Growth Fund is one of the first to put significant capital behind companies' statements of empathy and outrage in response to protests over systemic racism in the U.S. typified by the killings of George Floyd, Breonna Taylor and other African Americans by police.