Hello everyone! Welcome to this weekly story summary by Insider co-editor-in-chief Matt Turner. Sign up here to receive this newsletter in your inbox every Sunday.
Read on to learn more about Silicon Valley vs. Texas, the guy MyPillow and President Joe Biden’s White House team.
Reading time: 4 minutes.
RoschetzkyIstockPhoto / Getty Images
Hi!
Attention turned to President Biden’s stimulus plan after his inauguration this week. Here are the latest:
Silicon Valley vs Texas
From Brett Alder:
Many people, including me, moved from California to Austin because of the hype and the perception that California and Austin are reasonably comparable in lifestyle. My family and I found that this was far from the case.
What California and Austin definitely have in common is that they are both very expensive. Austin is not cheap. Let the words sink. Austin is not cheap; it’s really expensive.
We moved from San Diego in 2015 (we own a 2,000 square foot home on a third of an acre) in search of a lifestyle boost. If you’re looking for great schools, the southwest and northwest sectors of Austin are the main options. The only caveat is that NW Austin (Travis County) is one of the most expensive properties in Texas.
But there are many different things. Here’s what we learned, or 10 reasons why Austin is not “California in Texas”.
Read the full story here:
Read too:
The MyPillow guy
My pillow; Chris J Ratcliffe / Getty Images; Stephen Maturen / Getty Images; Samantha Lee / Insider
From Kate Taylor:
When President Donald Trump’s corporate allies abandoned him in the last days of his administration, one man stood up: Mike Lindell, CEO of MyPillow.
“I’m not backing down on these machines that stole our election,” Lindell told Insider on Wednesday, referring to baseless allegations that rigged voting machines helped President Joe Biden steal the 2020 race.
“I will never change my mind about any of this. I will not: ‘Oh, please, don’t boycott me. Please don’t,'” added Lindell, turning his voice into a pitiful whimper.
“That’s not me,” added Lindell, returning to his typical, strong cadence, which often borders on screaming. “If everyone does that, then anyone who wants to control the narrative can do what they want and destroy companies.”
Read the full story here:
Read too:
Biden White House team
Tasos Katopodis via Getty
By Tina Sfondeles, Kayla Epstein, Robin Bravender and Sawyer Click:
It’s time to see an entirely new White House.
Out: Mark Meadows, Hope Hicks, Dan Scavino and a myriad of bold names that have helped President Donald Trump rule the country for the past four years.
In: Ron Klain, John Kerry, Jennifer Psaki and a who’s who of the veteran Democratic mediators who joined President-elect Joe Biden on his arduous journey to unite a country on the edge.
Biden has already announced more than 200 signings for the White House, even before he took office. Many more people are expected to join a team that will ultimately rival the more than 400 Trump presidential advisers employed in mid-2020.
To help with the transition, Insider has compiled a comprehensive list of employees who will keep the Biden White House up and running.
Read the full story here:
Read too:
INVITATION: The future of work
Participate in internal events on Wednesday, January 27 at 12pm ET for “Workplace Evolution”, presented by Dell Technologies. Netflix Speakers,
Day off
, and P&G will discuss how to empower remote workers, which means moving from “working at home” to “living at work” and what the new workplace scenario will look like in the future.
Register here.
Here are some headlines from the past two weeks that you may have missed.
– Matt
Merrill Lynch’s pipeline for thousands of new consultants is “in limbo” as the company reviews its training program and deals with ongoing unsolicited call violations
BlackRock bond chief Rick Rieder says investors should think “dramatically different” in 2021. Here’s what he bought and sold, predicting explosive growth this year.
We asked 12 prominent European technology investors to choose fintech startups that they thought would explode in 2021. Here are the 20 that they chose.
Bank of America says to buy these 16 semiconductor stocks, as the U.S. industry is about to quadruple its growth rate over the past 3 years
We saw exclusively the presentation of sales pitches, the $ 3 billion health technology startup, Hinge Health, used to raise $ 300 million
Carlyle’s credit team: Meet 14 people who lead the PE giant’s $ 53 billion loan division, which is on the rise during the pandemic
Rivian uses one of Elon Musk’s favorite job interview techniques to determine which candidates stand out from the group
An advertising agency sued Omnicom’s DDB, claiming it was “exploited” so that the other company could win a $ 4 billion contract with the U.S. Army