Jan 26, 2018

USA Gymnastics board resigning following Committee ultimatum

Rachael Denhollander who was victimized by former USA Gymnastics doctor Larry Nassar. Photo: JEFF KOWALSKY / AFP / Getty Images

The USA Gymnastics board is resigning, following an ultimatum from the U.S. Olympic Committee that gave them six days to do so, NBC reports.

Background: Three board members already resigned, but 18 were left. The move comes after Larry Nassar was sentenced earlier this week, and many of his victims spoke out against the board.

  • One of the victims who testified, Rachael Denhollander, said on NPR: "The reality is that Larry is not the problem, Larry is the symptom of the problem. The reason Larry was able to have access to so many children for so long is because you had two major institutions who looked the other way."

Go deeper: The overwhelming case against Larry Nassar.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.

JPMorgan Chase to pull support for some fossil fuels

Illustration: Sarah Grillo/Axios

JPMorgan Chase said Monday that it won’t directly finance new oil and gas development in the Arctic and will significantly curtail its financing of the extraction and burning of coal.

Why it matters: JPMorgan is the world’s largest funder of fossil-fuel companies, according to a report by the Rainforest Action Network (RAN). The announcement follows similar moves by other big banks and investment firms, including Goldman Sachs and BlackRock.