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Showing posts from February, 2020

Jeff Bezos is reportedly buying a nine-acre Beverly Hills estate for $165 million.

 Jeff Bezos is on a shopping spree befitting the world’s richest man. The Amazon.com Inc. founder agreed to pay $165 million  for a Beverly Hills mansion on nine acres, according to a person with knowledge of the matter, setting a record for a Los Angeles-area home. The property designed for Hollywood film titan Jack Warner in the 1930s was described by Architectural Digest in 1992 as the “archetypal studio mogul’s estate," built in Georgian style with expansive terraces and its own nine-hole golf course. It’s emerging just days after regulatory filings showed Bezos cashed out $4.1 billion of Amazon shares and comes amid reports that he’s also entered the art market. He reportedly set a record for artist Ed Ruscha at a Christie’s auction with a $52.5 million purchase of “Hurting the Word Radio #2" in November and also bought “Vignette 19" by Kerry James Marshall for $18.5 million. The purchase of the Warner estate, described by the person on condition they...

China hid the severity of its coronavirus outbreak and muzzled whistleblowers

Nearly six weeks after China announced the coronavirus outbreak, there’s still a surprising amount we don’t know about this newly discovered disease. But one thing is becoming clear: China’s silence in the earliest days of the crisis may have made it worse. Chinese authorities delayed informing the world about the severity of a deadly disease spreading within the country’s borders — even trying to muzzle whistleblowers, like the late Dr. Li Wenliang. Now hailed as a national hero, Li was forced on January 3 by police to sign a letter saying he spread “untrue speech” for warning colleagues about the virus that eventually took his life. With more than 40,500 people infected and 910 deaths, China’s missteps early on seem increasingly fateful. The fact that the international community has not acknowledged those missteps is also consequential. On Friday, President Trump applauded China. “They’re working really hard and I think they’re doing a very profes...