Something for the weekend.
A UAW member pickets outside Ford’s assembly plant. Photographer: Emily Elconin/Bloomberg , Bloomberg
Steve Case might not be visiting SF anytime soon. If the billionaire co-founder of media giant AOL had his way, more tech companies would base their headquarters away from Silicon Valley and traditional venture capital centers like New York and Boston. While several big companies have relocated to Texas, the startup scene has been less recognized in places like Dallas, said Case, who has invested in more than 200 companies nationwide through his company Revolution.
The United Auto Workers began a strike against the Big Three carmakers, an unprecedented move that could launch a costly and protracted showdown over wages and job security. After exchanging harsh words on the first day of the walkout, the two sides will be back to the bargaining table today. The union has about 150,000 members at GM, Ford and Stellantis, and they want a share of the huge increase in corporate profits since their last contract was signed.
There’s a UN General Assembly meeting in New York next week, though you’d be hard pressed to find a theme members could rally behind. Rarely has the organization seemed so helpless to address the most pressing global issues. Many countries are starting to look elsewhere to do something about it, Bloomberg’s Iain Marlow writes.
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