💵 Divest from Israel?
Good morning. This is Shades of the Day, bringing you different shades of perspective in news and culture so that you can see the big picture quickly.
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It’s Friday, April 26 — here’s what you’ll find in today’s newsletter:
- Jeff (co-founder of Shades)
🏠 Canada’s capital gains tax hike
🏠 Facing a housing affordability crisis, Fortune says Canada's capital gains tax hike targets the wealthy to fund solutions. But it could stifle innovation and investment.
🏠 Hold on, says The Toronto Sun: Trudeau's capital gains tax targets middle-class, not just the “super wealthy“.
🏠 Yahoo News: Canada's capital gains tax hike is a political ploy — it is not about fairness.
🏠 A Substacker disagrees. The tax is aimed at wealthy speculators, not the middle class.
🏠 And wealthy Canadians actually posted a statement in support — they claim that most Canadians support the tax hike too.
🏠 But a Redditor on r/TorontoRealEstate is worried for Canadian business anyway.
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💵 Divest from Israel?
💵 Pro-Palestine student groups across the US are demanding universities divest from Israel. USA Today says protestors don't want their endowment funding Israel’s war.
💵 Is advocating for divestment effective? An AA Op says so: Boycott and divestments against Israel can lead to concrete change.
💵 But A WaPo Op disagreed: Divestment efforts have a limited impact. They're mostly symbolic.
💵 And the WSJ thinks the effort is futile: Colleges aren't interested in divesting from Israel. It poses fiduciary risks and sets a tricky precedent.
💵 Still, The Guardian says divestment has become a rallying cry for student activists: Protestors also demand divestment as a part of climate change efforts.
Shades poll: Should universities divest from Israel?
4️⃣ Quick hits
💉 Three women contracted HIV from “vampire facial” procedures at an unlicensed Albuquerque spa, marking a first in cosmetic injection transmission.
🌏 US-China talks highlight efforts to manage differences amid growing tensions on various global issues.
⚖️ Alabama schedules July execution for Keith Gavin, convicted of killing a delivery driver in 1998.
🚗 US regulators are investigating Tesla's recall of 2 million vehicles over concerns with the Autopilot system.