Monthly Archives: May 2022

Proton CEO Andy Yen on Privacy and a New Path for Big Tech | Time – TIME

Posted: May 15, 2022 at 9:31 pm

Andy Yen stands at a panoramic window in his headquarters in Switzerland, surveying what on a clearer day would be a beautiful view. Ahead on the horizon, the Alps are shrouded in gray rain clouds. So Yen points down instead, at Protons neighbors in this nondescript business park near Geneva: several wristwatch companies and a dairy factory.

The surroundings are very Swiss, he says with a laugh. Its a weird location for a tech company. But we have our reasons.

Among Genevas benefits: strict privacy laws, and proximity to the worlds largest particle physics lab, out of which Yen hires much of his company Proton Technologies top talent.

Proton has quietly risen to become one of the most vital tech companies for people who need to communicate without government surveillance, such as political dissidents and journalists. Its most well-known offerings are ProtonMail, its encrypted email service, and ProtonVPN, its virtual-private-network. Originally founded to erode the power of oppressive dictatorships, Protons tools are now used widely around the world, including in Ukraine and Russia as the current war rages.

Protons products are end-to-end encrypted, meaning that in transit and in storage on Protons servers, users data are scrambled so thatwith mathematical certaintythey can only be decoded by the intended recipients. The team at Proton could not read the messages even if they wanted to. Neither can state authorities. Its the same technology that banks use to make sure your credit card details cant be stolen while youre shopping online, and the way that encrypted instant messaging apps like Signal and WhatsApp ensure the contents of your texts remain private.

Read More: How Signal Became the Private Messaging App for an Age of Fear and Distrust

Protons offering is also proving important for Russians seeking to evade the Kremlins web censorship. Since Russias invasion of Ukraine in late February, ProtonVPN has become one of the most popular tools for internet users to access blocked independent news sites and social media platforms including Twitter, Facebook and Instagram. The app is currently the third-most popular iOS VPN in Russia, according to data shared with TIME by the analysis firm data.ai, which also shows that the app was downloaded 1.1 million times during March 2022.

It has been one of the most popular VPN services with our Russian users since the invasion, says Simon Migliano, the head of research at the VPN comparison site Top10VPN. Its also among the most popular globally over the same period.

Proton offers versions of all of its apps for free, but provides extra features to users who pay a fee equivalent to several dollars per month. As a result, the company has found a path to profitability that doesnt require surveilling users for ad dollars. Our model is different, Yen says. Were serving users and not advertisers. The model appears to be working. At the onset of the COVID-19 pandemic, Proton counted around 100 staff around the world. Today it has more than 400, a number predicted to double in the next two years. Yen gestures to a wall in Protons headquarters that he says will soon be knocked down to accommodate new employees in the neighboring space.

In the last year, Proton has also launched two major new products intended to compete with Big Tech: Proton Drive and Proton Calendar, two apps that are end-to-end encrypted, unlike the equivalent tools offered by Apple and Google. (Apple and Google both say they encrypt users mail data in transit, and their calendar and drive data both in transit and in storage. But the companies retain the ability to decrypt and process the data themselves, meaning the data is not encrypted from end-to-end, like Protons services are.) Yen says Protons new calendar and drive apps are part of a concerted push to build a privacy-focused ecosystem to rival the less private offerings from the Big Tech companies, many of whom profit from mining the personal data of users to sell targeted ads. Yen believes that if users had more privacy-protecting alternatives, theyd use them. One of the reasons privacy doesnt really exist online today is because theres no competition, Yen says. For a long time, people looked at antitrust and privacy as separate issues. What is becoming more and more clear, is that these are actually one issue.

Read more: Democracy Can Still End Big Techs Dominance Over Our Lives

As a result, Proton has become an increasingly vocal player in Washington, D.C., where some lawmakers want to rein in Big Tech. Earlier this month, Proton publicly lent its support to two draft antitrust bills in the U.S. Congress, which if passed would prevent Apple and Google from preferencing their own services (such as Google Drive or iCloud) on the phone operating systems that they ownor from taking cuts of payments made through their app stores. By making it easier for companies like Proton to compete on a level playing field, Google will have to respond and provide more privacy in order to stay competitive, Yen says.

Apple declined to comment, and Google did not respond to a request for comment. Both companies have previously rejected the argument that their app store rules are bad for competition and have said the antitrust bills would harm user privacy and security.

For many years, Yen says, the accepted common knowledge was that the only way to make money online was to adopt Googles modelthat surveillance capitalism was the way to go if you wanted a profitable and sustainable and scalable business. We have proven that there is another path.

Yen never set out to run a tech company. He grew up in Taiwan, obtained a PhD in particle physics from Harvard, then came to Switzerland to take a job at CERNthe nuclear research facility where a young computer scientist named Tim Berners-Lee had first sketched out a prototype for the World Wide Web in 1989.

Yen always thought hed be a physicist for life, but his background has influenced his views about internet freedom. He says that the experience of watching Beijing exert greater control over Hong Kong, Taiwans neighbor, revealed to him that privacy could quickly disappear in the face of authoritarian regimes. Being from Taiwan, that does inform your worldview and your opinion, he says. The reason I created Proton, and the reason that Im very deeply committed to our mission, is because there is a direct link between what we do and what I see as ensuring that democracy and freedom can survive in the 21st century.

In 2013 Yen was knocked off his course as a particle physicist, down the path to becoming a tech CEO. That summer, whistleblower Edward Snowden revealed that the U.S. National Security Agency (NSA) was routinely surveilling the internet activity of millions of people around the world, aided by compliant technology companies.

To Yen, it was apparent that the internet had moved in a very different direction from what the founding principles were when it was created at CERN, he says. Today, what we think of as the free and open internet is controlled by a small number of governments and an even smaller number of tech giants that really dominate and control every aspect of our lives. The motivation for creating Proton was that there had to be a different way for technology and the internet to evolve.

Yen references an obscure maxim from particle physics, perturbation theory, to explain his career trajectory. It is a method used for finding an approximate solution to a large, complex problem by first finding the exact answer to a relatedbut simplerproblem. In Yens view, the overarching problem laid bare by Snowdens revelations was the lack of privacy-focused communications technologies that would make wholesale surveillance impossible. To arrive at an approximate solution to that problem, fixing email would be a simpler first step than stopping online surveillance altogether.

The level of public enthusiasm took him and his nascent company by surprise. Within days of its launch in 2014, ProtonMails servers crashed due to unprecedented user demand. The company turned to a crowdfunding site, asking users for $100,000 to cover the costs of new infrastructure. Five days later, users had pledged double that number, and in the end the fundraiser collected some $550,000 from more than 10,000 supporters. Yen says the initial funding has helped Proton avoid giving control of the company away to external investors. Instead, he says, shares in the company are distributed almost entirely among employees.

It hasnt always been smooth sailing, however. Last year, ProtonMail was hit with a round of bad press after it handed over data about one of its users to French police, in response to a legal request. Police investigating a group of climate activists in Paris had sought information about the identity of a person behind a specific ProtonMail address linked to the illegal occupation of a property. Swiss authorities approved the request, meaning Proton was forced to begin logging, and then hand over, the users IP address. It gave the police enough evidence to arrest the activist.

ProtonMail users were outraged, with some questioning why a service committed to privacy would comply with such a request. Yens answer at the time was that, although he had chosen to base Proton in Switzerland due to the countrys strict privacy protections, the company still had to comply with Swiss law. And while generally protective of an individuals privacy, the law does not guarantee it in all cases.

Looking back several months later, Yen says that despite all the bad press, in some ways the case helped Proton to demonstrate just how little data it holds on its users. This case very clearly demonstrated that Protons encryption cannot be bypassedthere was no way in which we could hand over the encrypted messages, he says, noting that the only data the company had access to was the users IP address. With a smile, he confirms that Proton would not have been capable of even providing authorities with that, had the user been masking it with a VPN.

Theres no denying that today, Protons email, file-sharing and calendar services lack the bells and whistles of the alternatives by Apple and Google. Yen says that a key avenue of current work for Proton is making its existing services, which are available through app stores, more convenient. If you ask anybody, Do you want more privacy and security? the answer is never No, he says.The lower that [convenience] barrier goes, the more people are going to make the jump.

Its a work in progress, just like the antitrust bills that Proton has lent its support to, which appear unlikely to make it into law any time soon due to inertia in Congress. But the companys strategy has already paid an unexpected dividend. Today, many of Protons newest employees are arriving from the Big Tech companies themselves, determined to work toward a different vision of the internet, Yen says. At the end of the day, employees face a choice, he says. Do you want to spend the rest of your life furthering the selling of advertisements, or would you like to work on something that is essential for defending democracy in the twenty-first century?

More Must-Read Stories From TIME

Write to Billy Perrigo at billy.perrigo@time.com.

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Governments and big tech in playoff for world power – Newsroom

Posted: at 9:31 pm

Technology

Big tech companies and the Chinese and US governments are embroiled in a complex relationship of harmony and conflict. We are all at the mercy of the outcome,write Cecilia Rikap and Bengt-ke Lundvall

Simply put, they have too much power, US Congressman David Cicilline said of American big tech companies in a 2020 congressional hearing. That same year the Chinese government announced new regulationsforcing Chinese company Alibaba to cancel its affiliate Ant Groups listing on the stock market. China later ordered Ant Groups financial activities to be terminated, leaving only its e-payments business intact.

These tussles between states and corporations represent a complex interplay between the worlds most powerful actors. Tech giants help define their home countries mix of nationalism and globalism. They are bishops in their states strategic and long-term chess game for world power. However, tech giants also challenge their states power and contribute to polarisation in their home countries.

The battle rages not only between corporations and their home states. The US denied some Chinese enterprises access to the US market, such as its ban of Huawei, to block its development of 5G technology. Meanwhile, the US put pressure on other countries to follow suit and exclude Chinese businesses from their markets.

Google, proving its support of the US and mindful of the threat Chinese technology posed to its own business, restricted Huaweis access to essential smartphone apps,forcing Huawei to use or develop new ones. Beyond that, the US attempted to prevent international scientific collaboration with scholars based in China.

The US presents these measures as responses to China competing unfairly. Accusations of Chinese disrespect for intellectual property, state subsidies and protectionism reinforce a generalised criticism of Chinas political system.

Chinas great firewall, which limits foreigners digital operations, is seen as especially provoking given the importance of data harvesting in the AI race. Certainly, the firewall has been instrumental in Alibaba and Tencent catching up in that race.

China has also developed advanced telecommunications infrastructure, encouraged its tech companies to drive AI adoption and innovation, and fostered collaboration between industry and public universities. AsChina catches up in AI, Chinese tech giants are emerging. This has rung alarm bells for US tech giants and the US government.

An ad hoc group dubbed the National Security Commission on Artificial Intelligence (NSCAI) is chaired by Eric Schmidt, Googles former chairman, and includes senior managers from Google, Microsoft and Amazon.

In 2021, the group released areportcommissioned by the US government that made a strong case for techno-nationalism. The NSCAI wrote: For the first time since World War II, Americas technological predominance the backbone of its economic and military power is under threat. China possesses the might, talent, and ambition to surpass the United States as the worlds leader in AI in the next decade if current trends do not change.

The report said that most AI research and development, while financed by the state, should be done by firms and universities. It also called for more stringent intellectual property rights for AI, data and biotechnology, arguing that insufficient protection has led inventors to prefer trade secrecy. This approach would benefit the tech giants: while the US government makes colossal R&D investments, big tech would keep and strengthen the gains.

The American Jobs Plan,launched by US president Joe Biden in 2021, is fully in line with this diagnosis of US weakness. To defeat what is perceived as theChinese threat, it includes US$180b for R&D in AI and biotechnology. Likewise, the NSCAI report suggests: The United States should commit to a strategy to stay at least two generations ahead of China in state-of-the-art microelectronics and commit the funding and incentives to maintain multiple sources of cutting-edge microelectronics fabrication in the United States.Bidens plan has a US$300b subsidy devoted to manufacturing, including help for chipmakers producing in the US.

The interdependency between the US and Chinese states and digital corporations is apparent in the case of surveillance. Relaxed US data governance has enabled tech giants to harvest data without restriction. In return, Google, Apple and Facebook feed US institutions such as theUS National Security Agencywith data. Chinese giants do the same with their government. Tech giants also absorb financial wealth and technological capabilities from the rest of the world that is partly channelled to their home countries.

However, tech giants techno-globalism sometimes collides with the techno-nationalist aims of their home states.Research showsthese companies establish collaborations with academic institutions and enterprises around the world. For instance, Chinese universities are among Microsofts and Amazons most frequent collaborators in AI science, and Tencent and Alibaba conduct much of their AI research in US hotspots such as Silicon Valley and Seattle.

More generally,the tech giants size and mode of operation threaten the sovereignty of the state even in superpowers such as the US and China. The fact that Facebook could block US president Donald Trump from its platform, which has almost monopoly status, exemplifies this problem. Alibaba and Tencent taking over part of state-owned commercial banks in China is another example.

While the US and Chinese states increasingly move towards new and more extreme forms of techno-nationalism, tech giants continue to operate globally and collaborate with organisations from the competing country. But this plays into the nations respective global ambitions. Tech giants remain either Chinese or US citizens.

Big techs global outreach reinforces US world dominance and supports Chinas ambition to challenge it. When it comes to policy recommendations, tech giants become techno-nationalist. They depend on the states backing and their autonomy is under constant negotiation.

Global development and use of AI need to be understood in the light of that interplay one of harmony and conflict between tech giants, and the US and Chinese states. These leading digital players constitute and shape each other and affect the rest of the world.

Tech giants privatise, monopolise, and turn important elements of technology into private assets while their respective states build new barriers to the international flow of knowledge. This undermines the global knowledge commons and open science. It curtails innovation possibilities for other organisations and for the rest of the world. A consequence is growing income inequality and a growing global divide between AI producers and users.

In light of urgent global challenges, there is a need for new forms of global governance and knowledge-sharing beyond market regulations.

Cecilia Rikap is lecturer in International Political Economy at City, University of London, CONICET researcher and associate researcher at COSTECH, Universit de Technologie de Compigne. Bengt-ke Lundvall is professor emeritus in economics at the Department of Business Studies at Aalborg University and Professor emeritus at the Department of Economic History at Lund University.

The authors declare no conflict of interest.

Originally published underCreative Commonsby360info.

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Is It Time to Strip Social Media Giants of Their Secrecy? – dot.LA

Posted: at 9:31 pm

This is the web version of dot.LAs daily newsletter. Sign up to get the latest news on Southern Californias tech, startup and venture capital scene.

One of the biggest obstacles to holding social media giants accountable is that the public still knows so little about how these platforms actually work.

Sure, there is already evidence that apps like TikTok and Snapchat can harm children, addict users and spread misinformation. But the inner workings of social media platforms largely remain obscure black boxes. Theres much to learn about the information that these companies collect, what they do with it and how their actions affect society.

YouTube, TikTok, Telegram and Snapchat represent some of the largest and most influential platforms in the United States, and they provide almost no functional transparency into their systems, Brandon Silverman, the co-founder and former CEO of social monitoring platform CrowdTangle, told U.S senators last week. And as a result, they avoid nearly all of the scrutiny and criticism that comes with it.

Facebook, now named Meta, bought CrowdTangle in 2016. Silverman said his team aimed to make Facebook the most transparent social media company in the worldbut the tech giant ultimately paused all work on CrowdTangle and disbanded the team running it last year. Silverman, who subsequently left the company, said the CrowdTangle tool is now slowly dying at Meta, while other platforms continue to do almost nothing to increase transparency.

In turn, some lawmakers are now considering a different approach to regulating social media. Rather than trying to impose new restrictions or break up tech titans, a U.S. Senate bill would require social media companies like Santa Monica-based Snap and Culver City-based (and Chinese-owned) TikTok to share previously undisclosed data with credible researchers. The idea is that transparency would not only better inform U.S. policymakerswho are, to put it kindly, definitely not tech expertsbut maybe even change companies behaviors since theyd know that they're being watched.

Take, for example, the disclosures from Facebook whistleblower Frances Haugen. Documents she leaked last year showed that Meta retained research proving Instagrams toxic effect on young girls. That information galvanized lawmakers into writing legislation aimed at protecting teens from the harms of social media, including bills in California. It remains to be seen whether those actions ultimately make a difference, but theres no doubt that Haugens leak brought much-needed attention to the issue.

The Senate billsponsored by U.S. Sens. Chris Coons (D-Del.), Rob Portman (R-Ohio) and Amy Klobuchar (D-Minn.)would let independent researchers submit proposals to the National Science Foundation. If that agency approved the requests, social media companies would be forced to provide the necessary data, subject to privacy protections, or else face enforcement from the Federal Trade Commission. The FTC could also require platforms to share certain data on an ongoing basis.

Congress, of course, hosts a lot of hearings about bills that never become law, and its track record with big tech is especially poor. But over in Europe, lawmakers have just passed a law that would, among many other things, require TikTok and others to share more data with researchers about how their platforms work. So even if the U.S. effort fails, well soon learn a lot more about TikTok and Snap. Christian Hetrick

Update, May 10: This story has been updated to clarify CrowdTangle's relationship with Meta (formerly Facebook).

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- Warner Bros Discovery recently mandated that WarnerMedia employees return to the office, reportedly sparking frustration at the newly merged company.

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- Riot Games sues Bytedance subsidiary for allegedly copying the mobile version of its popular "League of Legends'" video game.

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For Canadas cultural sector, its now or never. We need the Online Streaming Act to end free rides for Big Tech – Toronto Star

Posted: at 9:31 pm

For Canadian storytelling, its now or never. And it is the passage of the Online Streaming Act, otherwise known as Bill C-11. Intended to modernize the Broadcasting Act, this legislation will require tech giants like Amazon, Disney and Netflix to pay their fair share and, in so doing, help ensure Canadians preserve the ability to tell our own stories, on air and online.

To be clear, streaming has been a boon to consumers and storytellers alike. It has provided new opportunities for Canadians to have their stories told, and to reach new audiences at home and abroad. But it is almost impossible to translate those opportunities into sustainable Canadian businesses when the profits and the decision-making authority rest firmly and eternally in the hands of a few heavily concentrated Big Tech companies powerful border-defying platforms that are also extremely resistant to rules or regulations of any sort from any government or body.

Unsurprisingly, that power is not being deployed to the full and fair benefit of our storytellers, nor to our country.

Imagine that you have a house guest who doesnt bother to pay rent. Maybe at first you enjoyed their company; perhaps they sprang for the cost of what they took from the fridge and even occasionally bought you a meal or two. But when it came time to pay their share for important things like home maintenance and improvement, they wiped their face on your clean towels and said no thanks.

Thats effectively what these streaming platforms have been doing in Canada for the past 10 years. They are crashing on our cultural couch, paying nothing toward the structures and systems that allow Canadian storytelling to survive and thrive. They pony up only when and how it suits their business models and public relations machines.

Thats what Bill C-11 seeks to correct. No more free rides. Instead, those who benefit from Canadas cultural sector will be obliged to contribute to it.

But even then, we will need to do more. Even if we manage to pass the bill, vigilance will be required to ensure the contributions collected from foreign streamers flow to, and remain with, Canadian storytellers. Monitoring and oversight will be needed to guard against efforts by these global tech giants to use their size and influence to roll back gains and undermine the viability of our cultural sector.

In this way, we dont just protect our crucial cultural industries we also reassert our sovereignty. Technically speaking, these giants are based in the United States. But they are fundamentally global in how they operate and how they elude accountability. Long-standing rules and regulations developed in countries all around the world including our own are rejected out of hand by these platforms as anachronistic and outmoded, disconnected from contemporary forces and technologies. In their view, nobody should be able to tell them differently.

Whats truly alarming is that theyve been succeeding, cheered on by those who revel in the rhetoric of unfettered choice and who spare no thought for the hard work and heavy lifting required to support the development and production of Canadian stories.

For all these reasons, its urgent that we act now. If we dont take this opportunity to establish fairness and sustainability as basic tenets of Bill C-11 and force a clear set of obligations on these tech giants, we may not get the chance again.

The federal government came forward once already with legislation on this front, only to encounter massive resistance. The new bill addresses many of the concerns raised during the last Parliament but it still faces pushback from powerful interests and their allies.

So now its a question of will. In Europe and beyond, countries are creating new rules and guidelines to rein in these platforms and level the playing field. Now its our turn to show that, as Canadians, we are willing to stand up for ourselves and for our country by changing the locks on those who think they can continue to crash on our couch. Its our house, after all.

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Vanguard may be shorting much vaunted ‘owners’ of its low-cost index funds as it shifts to Wall Street-style exec-comp tactics to thwart competitors…

Posted: at 9:30 pm

Shareholder profits at the Malvern, Pa. company are being undercut by undisclosed millions in executive and staff pay raises as the company seeks to shore up its eroding value proposition.

Brooke's Note: Vanguard gets it from both sides. It got slaughtered lastyear when it launched a mobile app to boos. It also got hammered on service during the pandemic. Yet this article focuses on Vanguard, perhaps, taking the steps at modernizing its workforce that could lead to an overhaul of service and the digital experience. Still,the ways CEO Tim Buckley is channelinghis inner BF Skinnerto get better talent and better efforts out of them run smack into the other big new emphasis at Vanguard -- the cooperative "shareholder" structure. In theory -- every investor is a virtualowner. The potential conflict is that when Vanguard chiefs pay themselves princely Fortune 500 wages, those dollars are subtracted from the shareholder take, at least in the short term. Yes, that's the way of the free (and not free) enterprise world. Get over it. But it doesn't really explain why -- if it's all good -- thatVanguard declines to share information about this giant expense item with its"owners." It also makes it harder to connect dots asan owner about strategic shiftsthat seem out of Vanguardian character. Are they being made to benefit downstream shareholders or upstream shareholders? Or do they give-or-take both about the same?And why is this conflict at a company that is seemingly a paragon of investor transparency?

Vanguard'ssecretive shift to aWall Street-style business model is alarming longtime company watchers who fearits coming at the expense of"owners" who invest in its traditionallow-cost index funds.

Evidence of the shift came to light whenaninternal memosurfaced in a newsletter, disclosing a 24.2% per-share bumplast yearover the prior year in anemployee dividend-- the largest increase since 1987.Vanguard did not dispute the report.

"If the rank and file knew how much these guys got paid while they were busting their butts ..."saysDaniel Wiener, whopublishes "The IndependentAdviser" newsletter for Vanguard Investors.

"With irate owners,it might be mutiny time."

But these days,Vanguard is on defense as well as offense because companies are stealing its playbook and even its culture and ethos, saysEric Balchunas, author of the just-released book, "The Bogle Effect."

The bookcharts how legendary investor John "Jack" Bogle upended Wall Street in 1975 with hisradical idea to make investors the actual owners of his new fund company.

For years, Vanguard's philosophy was to put "owners" of its low-cost funds first and reward them through profit-sharing.

But "alot of companies are acting Vanguardian," Balchunas says. "There's a lot of Vanguard in Schwab these days. Vanguard is now as much of a concept as a company."

Vanguard's response to rising competition has been to move in the opposite direction--upmarket. Among other things, it'sbeguncourting high-net-worth investors withprivate equity and active management. See: Vanguard Group's private equity retail push gets real.

"Certainly, Vanguard has realized that it needs the stimulus of outside ideas, particularly in emerging areas of opportunity, like direct indexing. In this sense, it's moving away from the homespun, middle America ethos," saysWill Trout, director of wealth management at Livonia, Mich., consultancy Javelin Strategy and Research, via email.

Vanguard has also done its first gimmicky promotional dealwith American Express to attract high volumes of mass-affluent investors. See:Vanguard, American Express INVEST deal hits a wall--of hard numbers--shattering its supposed value amid one glaring 'fine print' disclosure-- its a huge conflict of interest for Amex

The moves, however, have raised alarmamong long-time company watchers because they suggest Vanguard is selling short its owners to compete at a higher level with Wall Street firms.

"The executive team has put growth above performance. Certainly the deal with American Express is an asset-gathering deal and not in keeping with [Vanguard's] lowest-cost mantra,"says Weiner, via email.

To make matters worse,Vanguard is hiding key data -- like operatingexpenses tied to human talent -- fromshareholders, whichis probably counterproductive,Balchunas says.

"When you close off information, people think the worst."

Unlike shareholders in public companies -- or even most private nonprofits -- Vanguard shareholders are denied access to finances, including how, and by how much, staff and top executives are compensated.

Wiener says the company has also blown a hole in the much vaunted meaning of ownership.

"Vanguard is not, and has never been, a non-profit, though much of the language [used is] around 'operating at cost' [it is] exceedingly profitable.

"If I push up salaries or bonuses ... to astronomical levels [they are] still costs. Its all in how you parse the language.

"Is a $20 million bonus a cost? I kind of believe it is," says Wiener.

Vanguard's value proposition is anchored by the VanguardPartnership Plan, whichunderscores the value of investor-ownership. Instituted in1984, the planfurther aligns "our crews interests and our clients long-term success," saysspokeswoman, Amy Lash, via email.

"The Partnership Plan is based on the value created for clients over a rolling three-year period. The performance calculation shared with crew this year was for the three-year period ended Dec. 31, 2021," she adds.

"And its been a good three years for Vanguard, with assets up about 76% over that period -- the best rate since 1999 --the Partnership Plans dividend has increased 54%," Wiener explains.

The dividend increase, from roughly $352 to $437.56,primarilyalsoreflectsVanguard's ability to control costs relative to peers in the industry, Wiener adds.

"[AUM] growth, rather than fund performance, [is] a key factor determining the dividends size. The other factor ... is the "cost savings" accrued by comparing Vanguards average operating expense ratio to industry averages."

Vanguard caps most employee bonuses except those awarded to its top brass to a level calculated based on their job grade, tenure, and the percentage rise of the dividend, according to Wiener's research.

Usually paid out between April and June, Vanguard's partnership plan once paid tenured employees up to 30% of their salary as a bonus. Yet by 2010, the company restructured its partnership, and cut payout levels, according to the Philadelphia Inquirer.

In 2015, Vanguard reclassified 2,100 staff as hourly workers, removing them from its bonus scheme, according to the Philadelphia Inquirer newspaper.

"Howdoes Vanguard fund its partnership plan if not with profits? Well, then I guess [its] not a non-profit. Its a bit circular, its perception, andopacity around it," Wienersays.

Paying top talent

"While the nuances of the Partnership Plan arent public, the overall goals of encouraging asset growth and efficiency to produce cost savings are clearly in the best interests of shareholders," saysScott Smith, director of advice relationships at Boston, Mass. consultancy Cerulli Associates, via email.

"Dont let the perfect be the enemy of the good."

The big proof pointis that Vanguard manages about 25% of industry assets but collects about 5% of total revenues.

Cecile Munoz, founder and president of U.S. Executive Search, saysVanguard can not be expected to walk on eggshells when it compensatesto attract and retain talent.

"We all know they're not a non-profit, just like the rest of Wall Street ... [but] they can operate at cost and still pay their talent top, competitive compensation," she explains via email.

"It's right and logical for a meritocracy to [match] compensation in direct correlation to the responsibility, risk, and contribution of an individuals role."

Competitive pressure

Vanguard, as Munonotes, may have little choice but to pay out fat bonuses to remain competitive, given those available on Wall Street.

"It can't afford to lag on the compensation front, particularly as it seeks to open up to the outside world, both in terms of using outside technology and in cultural terms," says Trout.

"Executive compensation is driven by competitive pressures, from which Vanguard is not immune," he says.

Goldman Sachs paid CEO David Solomon $35 million last year, and JP Morgan paid CEO Jamie Dimon $34.5 million.

Jack Bogle would have earned at least $41 million were he still running Vanguardin 2022, Wienercalculates.

Vanguard emphasizes that paying staff more results in investors getting greater 'shareholder' benefits over time.

"Vanguard says it's owned by its shareholders yet provides zero disclosure on ... how much it pays its executives, [or] what its bonuses are based on," countersWiener,chairman of RIA Adviser Investments in Newton, Mass.

"Vanguard is the prototypical aircraft carrier, a change of course takes time, and its important that all initiatives focused on reinvention be coordinated," Trout explains. See: Vanguard makes mockery of 'digital' myth by reporting $1.3 trillion after its new mobile app's panned debut.

"It's not your grandfather's Vanguard, but it's still Vanguard," saysBalchunas.

Although Vanguard no longer shares details of its payout system, Wiener uses an old share count it provided for Jack Bogle to calculate an approximate number.

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Vanguard may be shorting much vaunted 'owners' of its low-cost index funds as it shifts to Wall Street-style exec-comp tactics to thwart competitors...

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Senate Democrats Fail to Codify Abortion Rights; Don’t Have Votes to Overcome Filibuster Dem Manchin Votes with GOP – The Peoples Vanguard of Davis

Posted: at 9:30 pm

Photo: Saul LoebAFP/Getty Images

By Oliver Camarena

WASHINGTON, D.C. Senate Majority Leader Chuck Schumer and Senate Democrats Wednesday failed to pass, as expected, the Womens Health Protection Act which would federally enshrine a womans right to get an abortion.

This comes in the week following the Supreme Court draft opinion leak that detailed the courts decision to overturn the monumental Roe V. Wade case.

The final vote count, which saw Vice President Kamala Harris presiding, ended in 49-51, leaving Democrats short of reaching the 60 vote threshold to override a Senate filibuster. Democrat Joe Manchins no vote meant the Dems couldnt even get a simple majority.

The draft opinion also sparked protests from pro-choice advocates around the country, including in the front of the homes of conservative justicesBrett Kavanaugh and Chief Justice John Roberts.

With the Supreme Court appearing to gear up to overturn Roe V. Wade and the Senate being unable to override a Republican filibuster on the issue, at least 26 states would quickly move to ban or severely restrict a womans access to abortions across the country.

However, even though the bill never made it past the filibuster, it forced all senators to disclose, on the record, where they personally stand on the issue of abortion rightsa now hot topic issue going into the midterms.

I ask my colleagues to think carefully about their choice later this week. No more running, no more hiding. The vote will shine light on every single one of us, said Schumer on the Senate floor last Monday.

Senate Minority leader Mitch McConnell also spoke on the issue, saying a national ban on abortion could be a possibility should Republicans take control of Congress following the midterm elections.

Schumer further went on to say that McConnells comments make it perfectly clear why the game here is not about states rights. The goal has always been a national ban on abortions altogether.

The White House has also voiced its support for Schumer and Senate Democrats in passing the Womens Health Protection Act, adding that the risk is serious that Republicans could nationally outlaw abortion following a Republican victory in the midterms.

Republican Governor of Arkansas and potential 2024 presidential candidate, Asa Hutchinson, pointed out the hypocrisy of a national ban on abortion stating that it would be inconsistent with long time Republican argument of states having the power to decide where they stand on abortion rights.

If you look at a constitutional or a national standard, that goes against that thrust of the states having prerogative, Said Hutchinson, chair of the National Governors Association. And secondly, I think theres some constitutional issues of a national standard as well as to what is the authority of the Constitution to enact that.

Some Senate Democrats are already capitalizing on the issue as fuel for their campaigns going into the midterms. Sen. Maggie Hassan, D-N.H., launched a digital ad campaign to link her Republican opponents to what she calls McConnells decade-long crusade to criminalize abortion.

Ultimately, I think this is going to push a lot of people to the polls this November that may have otherwise stayed home, said Sen. Chris Murphy, D-Conn, adding, (T)hey see that this fight is coming not just in the state legislatures, but in Washington as well.

Sen. Kirsten Gillibrand, D-NY, said, We need to make sure that every single voter understands that the Republican Party and Mitch McConnell (do) not believe that their daughters, that their mothers, that their sisters have rights to make fundamental life and death decisions.

While the House of Representatives has already voted to codify Roe into federal law, the bills failure to pass the Senate leaves it without a chance to become federally enshrined in the Constitution. It is, for now, a matter to be decided by the states.

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Researchers found a new roadblock in the quest to inhabit the Moon – BGR

Posted: at 9:29 pm

A new study says that growing plants on the Moon is possible. But it causes a massive amount of stress on the plants. The researchers published their findings in Communications Biology. Its the first study to show success at growing plants in lunar soil returned from the Apollo missions all those years ago.

Because of the level of stress that the plants experience, scientists say farming on the Moon isnt happening anytime soon.

One of NASAs biggest pushes right now is to put humans back on the Moon. The space agency is already working with some companies to create new lunar rovers, and it is already sending a spacecraft around the Moon later this year.

But, if we ever want to progress to the point of living on the Moon, we have to be able to provide for the people who live there.

This is why scientists have spent countless hours, days, and even years trying to grow plants in lunar soil. But now that weve proven that plants can grow on the Moon, we have to tackle another difficult issue. Making that growth easier on the plants.

It might sound silly to worry about how much stress a plant is taking on. But, its actually a very serious issue. Even when talking about potted plants in your home, there are ways you can stress them out. This stress can then lead to weaker growth and other issues with the plant. If were going to use terrestrial life to help generate life support and food on the Moon, we need to get those stress levels down.

Still, even taking this first step is absolutely astounding. The soil on the Moon is nothing like the soil that you can find on Earth. Its sharper, more abrasive, and doesnt contain any organic elements.

Further, there are certain chemical states in lunar soil that you just wont find in our own planets soils. And that doesnt even cover the weak atmosphere and radiation that constantly bombards our Moon.

So yes, while it does seem possible to grow plants on the Moon, theres still a lot of legwork to do before we send our favorite plants to occupy the lunar surface. The researchers say that the plants grew, but they didnt do fantastically well. There were signs of low volume, slow growth, and even some discoloration. All of which are signs that the plant is extremely stressed.

So, before we go planting things on the Moon, were going to need to do more research. Especially if we want to be able to grow plants in locally sourced soils. Otherwise, well need to find ways to move thousands and thousands of pounds of Earths soil to the lunar surface. Which would be costly and time-consuming.

But growing plants on the Moon is a noble idea and one that just makes sense in the grand scheme. Plants provide oxygen, which could be used to help create atmospheres that are breathable within lunar colonies. Further, plants can provide food for astronauts and colonists living on the Moon.

This would help cut down on expenditures of bringing food and oxygen from Earth to those lunar colonies.

Still, were a long way off. This new research is a huge step in the right direction, no doubt. And it will be intriguing to see where scientists take these attempts next. Perhaps, if were lucky enough, theyll find a way to reliably grow plants on the Moon without overstressing the plants sometime in the future. If not, space colonization is going to be a terribly expensive endeavor.

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What is sidereal astrology: everything to know about the alternative zodiac – New York Post

Posted: at 9:29 pm

Get ready for your horoscope to change its scope.

For centuries, human beings have searched the stars to help them navigate the earth and understand themselves. Ancient Babylonians were among the first to record the constellations along the ecliptic, the path the sun appears to make through the sky.

These OG astrologers recognized that different constellations would rise from the horizon line at sundown during different times of year.

The Babylonians, who already had a 12 month calendar based on the phases of the moon, assigned a constellation to each month. They applied myths, based on earlier Sumerian beliefs to these constellations and thus the zodiac wheel was born. Scholarship is divisive but it is generally understood that Egyptians refined the zodiac, and the Greeks cast it into the form we recognize today. The Greeks also gave it a proper name, zodiac is derived from the Greek for circle of animals. These oracle heeding, robe loving folk borrowed myths from earlier iterations and added some of their own gods and heroes for good measure. Later, the Romans in their eternal imperialism, replaced the Greek names with Latin.

Astrologers use two primary zodiac systems to divine meaning from the cosmos; sidereal and tropical. In both tropical and sidereal systems, the zodiac wheel is divided into twelve signs. The primary difference between the two systems is where those signs are placed in the sky. The sidereal system is based on the current position of the constellations while the tropical system is based on where the stars were around 0 AD. In essence, the dates of the sidereal zodiac change over time and the dates of the tropical zodiac do not.

There was a time when the two systems aligned but they diverged around the year 285 AD; coincidentally, this was also the year that the Roman empire split into two factions and began its fated decline. From that point, due to conquest and colonization, and as well explore a bit later, aversion to math, tropical astrology became the predominant system in the Western world. Sidereal meanwhile remained, and remains the governing system of Vedic astrology. Read more about Vedic astrology here.

We can thank the mathematician Ptolemy for the static positioning of the tropical zodiac. He suggested that the vernal equinox, and thus the start of the zodiac be set at 0 degrees ofthe Aries constellation each year to ensure continuity between zodiac signs and the progression of seasons in the Northern Hemisphere.

Sidereal astrology, by comparison, is a touch more technical. Just as time marches on, children age and cities fall, so to do stars shift. Sidereal astrology recognizes that the earth sits on a skewed axis that contributes to the ever changing distances between earth and the constellations above, a movement know as the procession of the equinoxes which sounds like but is in fact not, the title of a George R.R. Martin book.

To account for this procession, sidereal employs a corrective system of equations or ayanamsas to more precisely determine the current position of each zodiac sign. Part of the reason the tropical system is predominant is because humans are lazy and math is hard. The most widely used of these equations is the Lahiri ayanamsa. Under this corrective, the Sidereal Zodiac recognizes an apparent backward movement of fixed stars of about 1 degree every 72 years. Meaning there is a 24 degree gap between the tropical and sidereal systems, making them roughly an entire zodiac sign apart.

Given the degree of discrepancy between tropical and sidereal systems, an individuals birth chart will vary according to which system is applied. While the dates of the respective zodiac signs are differ between systems, their qualities and influence are much the same. You can find your sidereal sign and birth chart using an online sidereal calculator like this.

Another important discrepancy between tropical and sidereal astrology is planetary rulership and influence. Unlike tropical astrology, sidereal astrology does not acknowledge the influence of Uranus, Neptune or Pluto on the individual or the individuals birth chart.These outer planets are not visible to the naked eye and their distance from earth lessens their effect of life on it.

Astrology 101: Your guide to the stars

The validity of sidereal versus tropical is a subject of hot debate and as with all things, a matter of preference and resonance. The tropical system is not a true reflection of the present sky and its allegiance to seasons is fraught because they are inverted between the Northern and Southern hemisphere. In terms of sidereal astrology, even with calculated adjustments, the constellations do not line up exactly with their corresponding signs and thus the starting point of the zodiac is itself matter of constant contention.

At its most essential astrology is about observation, recognizing patterns and seeking understanding. As Morris Jastow writes of the Babylonians, The theory upon which astrology rests is the assumption of a coordination between occurrences on earth and phenomena observed in the heavens Astrology makes no attempt to turn the gods away from their purpose, but merely to determine a little in advance what they propose, so as to be prepared for coming events. Whether you believe in one god or many or bow simply to the god that you are, astrology offers yet another reason to stare up and look ever forward.

AstrologerReda Wigleresearches and irreverently reports back on planetary configurations and their effect on each zodiac sign. Her horoscopes integrate history, poetry, pop culture and personal experience. She is also an accomplished writer who has profiled a variety of artists and performers, as well as extensively chronicled her experiences while traveling. Among the many intriguing topics she has tackled are cemetery etiquette, her love for dive bars, Cuban Airbnbs, a girls guide to strip clubs and the weirdest foods available abroad.

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space based weapons – BollyInside

Posted: at 9:29 pm

Professor Everett Carl Dolman of the US Air Forces Air Command and Staff College extended Halford Mackinders classic Heartland Theory of 1904 to space in Astropolitik: Classical Geopolitics in the Space Age (Routledge, 2001). He claims that space is a rich vision of gravitational mountains and valleys, oceans and rivers of resources and energy, rather than being featureless.

Dolman divided space into four territories: (1) Terra, which encompassed the entire earth and extended up to the limit of a spacecrafts ability to orbit without being powered, (2) Earth Space, which included the GEO, (3) Lunar Space, which included the lunar orbit, and (4) Unlimited Solar Space, which included everything beyond the lunar orbit.

In Mackinders Theory, Heartland was a region around the then Russian Empire. Mackinder postulated that whoever controls East Europe controls the Heartland and whoever controls the Heartland controls the world. Dolmans version was that whoever controls LEO controls the near-Earth space; whoever controls the near-Earth space controls the Terra and whoever dominates Terra determines the destiny of mankind.

Realism, one of the oldest theories of international relations, believes that in the international system, states aim to increase their own power, especially in military terms, in relation to their rivals.

Throughout history, certain specific geographical features of the world have been arenas for intense competition between rival states because of their inherent commercial, military and political advantages.

According to the modern version of realism, or neorealism, the international system is anarchical, implying that there is no central authority. While cooperation between states is unlikely, an alliance or coalition between states is a possibility which in turn may trigger the formation of counter-alliances in order to balance the power of other entities in the system. Dolman believes that the state that dominates space is specifically chosen by the rigours of competition as the politically and morally superior nation, culture, and economy, obviously meaning the USA.

The 19th century American naval strategist Alfred Thayer Mahans concept of oceanic chokepoints which are crucial to the maritime trade routes are examples of such features ~ and such chokepoints like Gibraltar, Malacca, Bab-el-Mandeb, Suez etc. remain as crucial today to maritime powers as they were in Mahans time.

Drawing upon Mahans analogy, Dolman also characterised space as offering orbits, regions and launch points of geo-strategic significance, suggest- ing that similar space choke- points or traffic corridors will develop in space due to the efficiency costs of rocket propulsion to earth orbits leveraging the gravity of the earth. Just like the establishment of naval bases on earth to facilitate control of maritime trade, Dolman advocates the creation of space bases for stock-piling of fuel and life-support supplies for further exploration and commercial exploitation of space. A state that succeeds in gaining control of the space chokepoints and such way-stations on space routes can expect to gain significant advantages over other states; a state that controls such corridors can ensure for itself domination of space commerce and, ultimately, terrestrial politics.

As Tim Marshal corroborates in his book, in the previous centuries, dominance on earth was decided by controlling the sea routes. Airpower was added in the last century and in this century, it would likely be space power, for which the ability to place military assets in space ~, especially in the LEO ~ will become the determining factor. LEO is also the area where any spacecraft travelling to the Moon and beyond can be refuelled and resupplied, and refuelling will be a necessity if distant planets like Mars or asteroidsare to be explored for energy and mineral resources. Hence whoever controls this corridor will become a gatekeeper to the outer space beyond and can prevent a rival from refuelling within it. It is just like what is happening currently on earth in the Ukraine War ~ Turkey, a Nato member which is the gatekeeper to the Black Sea, has restricted Russian warships to sail from the Mediterranean to the Black Sea through the Bosphorus Strait.

LEO also assumes significance, as Marshal points out, for commercial considerations. A technology to deflect solar energy upon the earth for power generation using a vast array of solar reflectors will likely be placed on the LEO. Given this is also where spaceships would need refuelling, a gatekeeper can easily charge a fee to allow any space- ship to travel beyond for mining or exploration purposes. Just like on earth, space also can become an arena for intense competition. Five points denoted as L1, L2, L3, L4 and L5, known as the Lagranges Points, surround the earth where the gravitational forces of the sun and the earth cancel each other out, giving stability to a spacecraft placed therein while requiring minimal energy to keep it there.

Two of these points allow commanding views of the belts containing satellites and one in particular, L2, where the giant James Webb Space Telescope was positioned last year, is directly behind the earth in the line joining the sun and the earth. This is also where China has placed a satellite recently, allowing it to view the dark side of the moon where it is also contemplating establishing a military base. All these points will become objects of intense competition for the strategic advantages they confer. All the past efforts for disarmament of space through international consensus have so far met with failure. In 2008, China and Russia had together submitted a draft treaty called the Prevention of the placement of weapons in outer space and of the threat or use of force against outer space objects (PPWT) to the Conference on Disarmament, but the USA rejected it, as it did again in 2014 when a revised draft of the PPWT was submitted by Russia and China, on the pretext that since there was no arms race in space at the moment, there was no need for an arms control treaty. Since the USA possesses space technology superior to other nations, it will be unlikely to agree to any similar treaty. In any case, the issue is far too complex to be addressed through treaties.

Only a global governance system ~ akin to what the world is trying to achieve for climate ~ entrusted and empowered with the mandate of restoring and preserving space as a global common can provide a sustainable model for making and keeping space weapons-free, because, just like the environment, how a nation uses space affects all other nations on earth. In Dark Skies: Space Expansionism, Planetary Geopolitics, and the Ends of Humanity (Oxford, 2020), American political scientist Daniel Deudney examined the effects of humanitys space expansionism for colonization, military and planetary security purposes.

Contrary to the widely-held belief that space expansion is necessary for the survival of humanity from mega-disasters on earth and to meet the demands for far higher energy in future, Deudney warned against the risk of space expansion, stressing rather upon cooperative space ventures which alone can bring far-reaching security benefits by defusing conflict situations and providing safeguards against the degeneration of international relations. He cited the examples of such cooperation in respect of projects such as the International Geophysical Year (IGY) and the International Space Station (ISS). In fact, activities in space to ensure a better future for the earth will necessarily call for cooperation between space powers, whether for building large-scale orbital infrastructures, or for developing capabilities to monitor the movements of, and if necessary to deflect or destroy, asteroids, or for establishing lunar or planetary bases for manned missions to Mars or other planets in future, as a single nation will always be constrained by the demands for enormous resources and capacity necessary of such endeavours.

But for such cooperation to materialise, mutually restraining arms control in space will be a prerequisite, like restraints on testing and deployment of ASATs, creating international organisations with treaty-verification capacities and test bans in space to restrict weapons innovation. Deudney also believes that space weaponization will lead to a hierarchical world order that may ultimately degenerate into totalitarian oppression, the possibility of which cannot be ruled out given the potential for extensive surveillance capabilities likely to be developed when states compete for supremacy on earth through space-based monitoring and surveillance systems.

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The Art of the Hand-Sell: It’s Asian American Pacific Islander Heritage Month! – Literary Hub

Posted: at 9:29 pm

May is Asian American Pacific Islander Heritage Month! You know what that means: an AAPIHM reading list. (NB: These are books that should be read/savored/returned to all year long.) I have asked a few trusty independent booksellers to recommend their favorite books by AAPI writers. They did not disappoint. Big love for the good people at Yu & Me Books (NY), Book Club Bar (NY), Loyalty (MD and DC), Wild Geese Bookshop (IN), Green Apple Books (CA), and Books Are Magic (NY) for this stellar reading list that spans time, continent, genre, and language of origin.

Although the past few years have not been easyparticularly for our communityits heartening to see the incredible work that folks are churning out. In some ways, this list is a testament to our resilience.

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Stephanie Foo, What My Bones Know

This continues to be my favorite book of the year. The prose, laughter, honesty, and research it took to write this beautiful memoir has continued to stick with me long after I finished the book. I will sometimes take the subway or walk around and randomly think of passages I read. It has helped me gain a better understanding with the women in my family throughout the generations and has given me the space to accept myself. Its an incredible non-linear and realistic way to showcase grief, loss, and self love. It will continue to be one of my favorite books of all time!

Lucy Yu, Yu & Me Books

Daphne Palasi Andreades, Brown Girls

In her debut novel, Brown Girls, Daphne Palasi Andreades delivers a series of blue-flame vignettes told by the daughters of Queens immigrants who sing the borough electric. From the opening sentence, Andreades masterfully utilizes the inclusive, first-person plural form we, a distinct ensemble of voices that create an intimate portrait of the girls households and classrooms, their friendships and relationships, their hopes and dreams.

Most impressive is how vividly Andreades depicts the overwhelming pressures (and excitement) of girlhoodbrown girlhood, that is. As the characters come of age, they take the reader on an exhilarating ride through the dregs of Queens, where they are bound together via an endless patchwork of diverse backgrounds, stories and senses-rich experiences. A native of Queens and child of Filipino parents myself, Andreades beautifully underscores the nuances of first-generation immigrant life. Not only is Brown Girls a book that is rare and special: its urgent.

Alessandro Romero, Book Club Bar

Alysia Li Ying Sawchyn, A Fish Growing Lungs

Can you feel like you still know your true self after seven years of taking a pharmacopeias worth of pills for a condition you never even had? Alysia Li Ying Sawchyns readable collection of essays, A Fish Growing Lungs, synthesizes how we think about medicine, addiction, therapy, and judgmental bookstore shoppers. In Sawchyns hands, the heavy subject matter never veers bleak (often due to the playful formatting and arrangement of the essays themselves).

Grounded like hopeful seedlings, Sawchyn details her surroundings nimbly: her sections devoted to Florida fully capture the schismatic reality of living somewhere at once so idyllic and purgatorial, and her reverence for Tampas only gay/goth/industrial/medieval nightclub will have you yearning for release on the dance floor. Brave, brief, and singular in its honesty, Sawchyns A Fish Growing Lungs is an optimistic exploration on the search for authenticity in unlikely circumstances and unexpected places.

Mathuson Anthony, Book Club Bar

Monique Truong, The Book of Salt

Monique Truongs The Book of Salt is one of those novels Ive been selling since long before I became a booksellerit is perfect for readers of historical fiction, for foodies, for fans of Paris and the Lost Generation, for those interested in queer narratives and post-colonial immigrant stories alike. The novel is narrated by Bnh, a Vietnamese emigre to Paris who works as a live-in cook to Gertrude Stein and Alice B. Toklas at their famed house on 27 rue de Fleurus. (Though the pair did have a Vietnamese cook for a time, little is known about him, and Truong brings the mystery of who he might have been fully to life with achingly beautiful prose.)

We meet Bnh in 1934, as he accompanies Stein and Toklas to the ship that will return the pair to America, and the entire storyfrom Bnhs history as the shy youngest son of a devout Catholic Vietnamese family, disgraced and cast out after his love affair with another man is discovered, to his time as a cook abroad freighter ships, to his work in various kitchens across Paris before finding a permanent position, and a kind of home, with Stein and Toklasunfolds during this journey. Truong is a genius at crafting precise sensory detail, and The Book of Salt is evocative and visceral and heart-breaking in all the best ways.

Liv Stratman, Book Club Bar

Kim Fu, Lesser Known Monsters of the 21st Century

Kim Fus Lesser Known Monsters of the 21st Century is a delightfully weird and wonderful short story collection. With elements of sci-fi, horror, and magical realism, these stories exist in that state of lucid dreaming, where the distinction between fantasy and reality doesnt quite make sense. Or, as the narrator in Liddy, First to Fly says, The realm of pretend had only just closed its doors to us, and light still leaked through around the edges. Unsettling, haunting, and strangely seductive, you will not be able to look away from Fus precise yet lyrical writing. Fans of Black Mirror, Aimee Benders The Girl in the Flammable Skirt, or Samantha Schweblins Fever Dream will love this memorable and utterly unique collection.

Christine Bollow, Loyalty

Christina Soontornvat, A Wish in the Dark

As a musical theater nerd, I was instantly hooked on the premise of A Wish in the Darka twist on the Les Misrables story set in a fantasy world inspired by Thai culture; whats not to like about that? Absolutely nothing, as it turns outI love this book with my whole heart. This captivating middle grade novel takes place in a richly imagined magical world, yet its laced with real world issues like inequality, poverty, and juvenile incarceration without ever feeling like its Teaching a Lesson.

Impassioned protagonists Pong and Nok bear resemblance to familiar Les Miz characters, but have backstories, personalities, and charm thats entirely their own. Readers of any age will find themselves gripped by Soontornvats world-building, storytelling, and clear, lovely prose, and I promise youll join me in standing up and cheering for these plucky youngsters as they risk everything in a brave attempt to rectify injustice in their society.

Amy Andrews, Loyalty

C. Pam Zhang, How Much of These Hills is Gold

Children of immigrants will feel seen in How Much of These Hills is Gold. Zhangs powerful storytellingwith raw and graphic imagerydetails the struggles of the Gold Rush. Through the adventures of two siblings in the wild west, Zhang layers on themes of colonization and land ownership, tension between dreamers and pragmatics, and identity and the limits of shaping your own fate. On the surface, How Much of These Hills is Gold is an immigrant story of survival, belonging, and grappling with family history and secrets. At its core, this magical story is about resistance and defiance against white normativity and dominance in an unrelenting world.

Jaclyn Dean, Loyalty

Lesley Chow, Youre History

Prolific film critic Lesley Chow turns her astute ear and eye to pop music in this staggering collection of music criticism. Choosing to examine pop music and some of the women in pop who strike her as strange, Chow completely turns music criticisms historic disdain for pop music on its head by illuminating, layer by layer, the genius of artists such as Janet Jackson, Kate Bush, and TLC to name a few. Written in clear, beautiful language, Chows Youre History is a must-read for any fan of music.

Malik Thompson, Loyalty

Stacey Lee, Outrun the Moon

My three children are hapa, so Im always looking for more representation of Chinese and Asian characters in YA. Stacey Lee is one of the best historical fiction writers in YA, and Outrun the Moon is a devastatingly beautiful novel. Set during the 1906 San Francisco earthquake, the story follows the fierce and fabulous Mercy Wong, who poses as a Chinese heiress for a spot at an elite private school for girlsand then must step up to help her privileged classmates when the earthquake leaves them homeless and traumatized. Mercy is enough reason to read the book, but the story also boasts well-researched historical and cultural details about San Francisco, particularly its Chinatown, funny and kind supporting characters, and a lovely romance. A must-read for any historical fiction fan.

Sandie Angulo Chen, Loyalty

Urvashi Bahuguna, No Straight Thing Was Ever Made

No Straight Thing Was Ever Made by Urvashi Bahuguna is a heartbreakingly honest depiction of how mental health can consume any given moment or experience. For those of us who struggle, it is painfully relatable, but for those who love someone with mental illness, these essays can give invaluable perspective. The authors account of her eternal battle and how it presents to those around her is as beautifully written as it is painful to watch unfold. The ups and downs of mental illness are hard to explain to someone who doesnt relate and never simple or the same from person to person, but Bahuguna has put it on paper in a way that made me shout Yes! Thats exactly it! every few pages.

Amani Jackson, Loyalty

Belinda Huijuan Tang,A Map for the Missing

A Map for the Missing by Belinda Huijuan Tang (Penguin Press) releases on August 9th and is definitely one to go ahead and pre-order. It is one of the best novels I have read in a long time about leaving and returning home, the mysteries of our families and how to reconcile what we choose and what we dont when our desires are contradictory. It is a powerful, yet quietly told story. I was very surprised this is the authors first novel.

Tiffany Phillips, Wild Geese Bookshop

Kyle Lucia Wu, Win Me Something

This smart debut throbs with the ache of feeling like one doesnt belongabout a biracial woman who works as a nanny, Wus sharp and clear prose explores what it means to be part of a family.

Emma, Books Are Magic

E.J. Koh, The Magical Language of Others

Fifteen year old Eun Jis world is turned upside down when her parents leave her and her brother to live in California while they return to Korea for work. Her mother begins writing letters in Korean, which Eun Ji only really begins to understand years later as she tries to translate them in an attempt to better understand her mother, her family, and why her parents decided to leave their children on the opposite side of the world. This is a powerful story of familial love, heartache, and forgiveness, that acknowledges how feeble language can be when trying to articulate the depths of our emotions, yet blooms in the understanding that we try anyway.

Colleen, Books Are Magic

Yanyi, Dream of the Divided Field

In the way that bright lights hurt tired eyes, these poems carve from their raw material an aching tenderness of similarly piercing quality. They occupy the dreamlike space where memories dwell, where hopes and reveries reside as well. Dealing in the duality, and often cyclicality, of death and (re)birth, past and future, visibility and invisibilityand all the beauty and violence that falls in between these two moving pointsYanyi, with his razor-sharp lyricism, sculpts skin-like truths within the marble of the page.

Serena, Books Are Magic

Elaine Hsieh Chou, Disorientation

This novel is biting, hilarious, a little sad, and truly wild from start to finish. It has twist after twist and I found it truly hard to put down! Ingrid is an unlikely and flawed hero who you cant help but root for, and this books exploration of being Asian American (and an academic) is so wonderfully honest. Come for the incredible cover, stay for the fantastic content.

Jacs, Books Are Magic

Matt Ortile, The Groom Will Keep His Name

The Groom Will Keep His Name is absolutely THE BOOKas in, the book I want all of my friends to read ASAP, and quite possibly my favorite essay collection! Matt Ortiles writing is full of brilliant and witty and sensual commentary on being gay, being Filipino, being an immigrant, the city of New York as aspirational, the process of decolonizing identity and the American Dream, and navigating a multitude of identities in various spaces. There are essays here that feel especially relevant in this specific cultural moment, particularly the one about how we relate to history by rewriting and sanitizing it, but every essay touched me. This is a collection of essays but also a wildly smart and sharp manifesto. I cannot more highly recommend!

Julia, Books Are Magic

Mieko Kawakami, tr. Sam Bett and David Boyd, Breasts and Eggs

By luck, I was given a copy because it was damaged and couldnt be sold at the store. It was one of those reads that immediately absorbed me; in the end I self-declared it a feminist masterpiece. Originally it was published as a novella, then adapted to a novel because of the immense recognition it received in Japan. What I love about it, and from what I gather from other readers too, is that it so painstakingly encompasses womanhood.

Breasts and Eggs takes three related women who are each transfixed or even obsessed with a different part of their own womanhood: fertility, body image, and puberty. What Kawakami does so well is have an unbiased opinion throughout her storytelling. She doesnt judge a woman for wanting breast implants or unconventionally seeking out artificial pregnancy. If we could integrate Kawakamis thinking on women into our daily lives, the world would be a better place.

Jacque, Books Are Magic

Angela Mi Young Hur, Folklorn

For fans of Yaa Gyasis Transcendent Kingdom or Min Jin Lees Pachinko, Folklorn joins the ranks of contemporary classics re-shaping the canon of family saga and immigrant narratives. Excavating the illness and pain brought by generational trauma, Hur incorporates Korean folklore, parables, and reimagined myths into modern-day science, history and research, creating a dazzling experience rooted in the search for understanding and healing.

Colleen, Books Are Magic

Paul Tran, All the Flowers Kneeling

My purpose is precision. / Even when Im unclear Im deliberate. / When Im deliberate Im liberated.

Its hard for me to believe that this is a debut, given how skillful, expansive, and yes, deliberate Paul Trans writing is. What works so beautifully here is the way each piece plays with volumesome feel quiet, and others build into a piercing crescendo, all without saying a word aloud. Confronting themes of violence, survival, love, and more, All the Flowers Kneeling is an incredibly rich text. Gorgeous, evocative, and deeply affecting.

Julia, Books Are Magic

YZ Chin,Edge Case

I could not stop thinking about YZ ChinsEdgeCase.It follows Edwina, a young Malaysian woman working in tech in New York City who comes home one day after work, takeout sushi in hand, to discover that her husband has left her. The story floats between the present, as she desperately searches for where he is, the story of how they met and how their relationship began to crumble. Their immigration status is tentative, shes stuck in an awful tech job that oozes sexual harassment, racism, and classic tech-world toxicityand Edwina is convinced that the only way to get out of this awful situation is to find her husband again and convince him to stay. Chins writing is unflinching and sharp and will stay with you long after you finish the last page.

Eileen McCormick, Green Apple Books

Truong Tran, Book of the Other: Small in Comparison

Truong TransBook of the Otheris a searing and powerful look into the way institutional racism pervades communities, classrooms, and everyday life. This book peels back layer after layer until we discover our selves at its centeroften beautiful, often ugly, often both. This book takes to task, among many things, wokeness-as-social-currency, violent legacies of silence, and it reminds us that every one of us creates the world, both in our actions, as well as our inactions, for better or for worse. It reminds us that every single moment is a new one and with it comes a choice to change and grow and become better humans to one another. Its painful and intense and heartbreakingly urgent. Its fierce and beautiful and funny and sincere. Its filled with defeat and its filled with hope. Its difficult as the world. Do yourself a favor and please read this book.

Maxwell Shanley, Green Apple Books on the Park

Muriel Leung, Imagine Us, The Swarm

Sometimes collections extend outside of themselves, sometimes they spin and redirect back again into the reader, like light refracting off of all our hidden parts. Imagine Us, The Swarm was a collection I saw ricochet between the hearts of really great readers. Outside of having language that felt geologic, old, time-grown and witnessedthe collection also felt that it walked into the newer version of the world (one weve all have tried to grow accustomed to over the last few years).

I dont know if any of us can talk about what grief is without looking into the well of our memories, into our own histories of reaching pains and domesticated brutalities. This book is in the undercurrent. I couldnt put the book down, it is special. Leung offers us great work, from a great press. I think if you love poetry, you should read this book.

n.cuzzi, Green Apple Books

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The Art of the Hand-Sell: It's Asian American Pacific Islander Heritage Month! - Literary Hub

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