Business
DeSantis allies see debate as critical moment for struggling campaign on August 14, 2023 at 10:00 am Business News | The Hill

Florida Gov. Ron DeSantis’s (R) allies are banking on the governor to perform well at the first Republican primary debate of the year later this month as his presidential campaign shows signs of struggling.
Earlier this week, DeSantis’s campaign announced a new campaign manager, which followed news of multiple sets of layoffs. The changes are part of a campaign reset in an effort to boost DeSantis in the polls.
The governor’s supporters maintain it’s still too early in the cycle to be writing his political obituary, but note that the first debate will be a significant test for DeSantis.
“If you’ve got to do a campaign shakeup, this is the time to do it,” said Dan Eberhart, a DeSantis donor. “The debate is really opening day for the presidential primary, in my opinion.”
It’s unclear whether former President Trump, who is dominating the GOP primary field in the polls, will attend the debate. The Real Clear Political polling average shows Trump leading the field with 54.2 percent support, while DeSantis trails at 15.1 percent support. Every other candidate is polling at single digits.
However, DeSantis’s allies expect him to face attacks from the rest of the GOP field gunning for second place.
“In particular, this is going to be the Ron DeSantis show,” said New Hampshire House Majority Leader Jason Osborne (R), who has endorsed the governor’s presidential bid. “Every single one of them will be gunning for Gov. DeSantis and he’ll have to pull the pins on those grenades and lob them back as quickly as he can.”
“Hopefully at the end of the day he’ll come away with two or three scalps, if not six or seven,” Osborne added.
ABC News first reported this week on the details surrounding DeSantis’s debate prep, including the fact the governor is working with veteran debate coach Brett O’Donnell and that he’s holding question-and-answer sessions at least once a week.
DeSantis made news this week when he signed the Republican National Committee’s (RNC) loyalty pledge, vowing to support the party’s eventual 2024 nominee. The pledge is a requirement for attending the debate.
Several other GOP candidates have also signed the loyalty pledge, including former U.N. Ambassador Nikki Haley, South Carolina Sen. Tim Scott (R-S.C.), North Dakota Gov. Doug Burgum and businessman Vivek Ramaswamy.
Trump, on the other hand, said he will not sign the pledge and will share whether he plans to attend the debate next week. A source familiar with the governor’s strategy said the campaign thinks of the debate as a win-win situation regardless of whether Trump is on stage, noting that Trump will look weak if he doesn’t attend and voters will be able to see the contrast between the two if he does.
“The seven dwarfs don’t have the stature or the viability or the critical mass to defeat Donald Trump. There’s only one candidate that can do it, and that’s Gov. DeSantis,” Eberhart said. “My gut says that Trump shows because he doesn’t want Gov. DeSantis to come out of the debate with the momentum.”
But Trump has suggested there is virtually no reason for him to show up, noting his mammoth lead in the polls so far.
“It’s not a question of guts. It’s a question of intelligence,” Trump said in an interview with Newsmax earlier this week.
In a statement to The Hill addressing Trump’s unknown status on attending the debate, a spokesperson for the pro-DeSantis PAC Never Back Down asked, “What is Donald Trump afraid of?”
“As Gov. DeSantis has made clear, he is ready to take on anyone and won’t back down debating the issues important to voters,” said Jess Szymanski, a spokesperson for the group. “We’ve seen him work hard day-in and day-out in the early primary states to earn voters’ support and, unlike Donald Trump, doesn’t just expect it.
However, one Republican strategist noted a recent slew of negative headlines about DeSantis has weakened his standing and will only increase the possibility of Trump not showing up.
The strategist pointed to the campaign manager shakeup, as well as recent comments from hotel entrepreneur Robert Bigelow, who has donated to the pro-DeSantis super PAC Never Back Down, in which he warned he would stop giving money unless the governor adopted a more moderate message.
Eberhart, on the other hand, said the change within the campaign is needed as the 2024 cycle kicks into high gear ahead of the debate.
“I think Gov. DeSantis is wise to make changes, especially when relatively few people are looking, so that he goes into the fall with the campaign team he wants and has it tuned so they can focus on the task ahead,” he said.
DeSantis’s campaign is maintaining that they’re on the upswing as he continues to pursue an all-in-on-Iowa strategy. The governor’s allies say there is an opening for him to break through in Iowa, pointing to a New York Times/Siena College poll showing Trump leading DeSantis 44 percent to 20 percent among likely caucusgoers. That lead is narrower than Trump’s 54 percent to 17 percent lead over DeSantis in the national New York Times/Siena College poll.
On Thursday, DeSantis estimated his campaign would hit all of the state’s 99 counties. And on Friday, DeSantis’s campaign touted Iowa conservative radio host Steve Deace’s endorsement of the Florida governor, noting Deace’s past endorsements of Iowa caucus winners Mike Huckabee and Ted Cruz.
The governor and his presidential campaign are also seeking to break through a chaotic political news cycle that seems to be dominated by legal issues facing Trump and Hunter Biden.
Earlier this week, DeSantis raised eyebrows when he told NBC News he believes Trump lost the 2020 election and Joe Biden is the president. Additionally, DeSantis has agreed to take part in a debate against California Gov. Gavin Newsom (D) on Fox News later this year, which is likely to draw attention from both sides of the aisle.
“They simultaneously have a long-term outlook as well as [they] are able to pivot and make the necessary changes in the moment to keep things moving along,” Osborne said.
Business, 2024 Elections Florida Gov. Ron DeSantis’s (R) allies are banking on the governor to perform well at the first Republican primary debate of the year later this month as his presidential campaign shows signs of struggling. Earlier this week, DeSantis’s campaign announced a new campaign manager, which followed news of multiple sets of layoffs. The changes are…
Business
Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.
- A Santa Clara County Superior Court judge has granted preliminary approval, calling the deal “fair” and noting that it could cover more than 6,600 current and former Google workers employed in the state between 2018 and 2024.

How The Discrimination Claims Emerged
The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.
Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.
Why Black Employees Were Left Out
Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.
What The Settlement Provides
Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.
Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.
H2: Google’s Response And The Broader Stakes
A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.
For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.
Business
Luana Lopes Lara: How a 29‑Year‑Old Became the Youngest Self‑Made Woman Billionaire

At just 29, Luana Lopes Lara has taken a title that usually belongs to pop stars and consumer‑app founders.
Multiple business outlets now recognize her as the world’s youngest self‑made woman billionaire, after her company Kalshi hit an 11 billion dollar valuation in a new funding round.
That round, a 1 billion dollar Series E led by Paradigm with Sequoia Capital, Andreessen Horowitz, CapitalG and others participating, instantly pushed both co‑founders into the three‑comma club. Estimates place Luana’s personal stake at roughly 12 percent of Kalshi, valuing her net worth at about 1.3 billion dollars—wealth tied directly to equity she helped create rather than inheritance.

Kalshi itself is a big part of why her ascent matters.
Founded in 2019, the New York–based company runs a federally regulated prediction‑market exchange where users trade yes‑or‑no contracts on real‑world events, from inflation reports to elections and sports outcomes.
As of late 2025, the platform has reached around 50 billion dollars in annualized trading volume, a thousand‑fold jump from roughly 300 million the year before, according to figures cited in TechCrunch and other financial press. That hyper‑growth convinced investors that event contracts are more than a niche curiosity, and it is this conviction—expressed in billions of dollars of new capital—that turned Luana’s share of Kalshi into a billion‑dollar fortune almost overnight.
Her path to that point is unusually demanding even by founder standards. Luana grew up in Brazil and trained at the Bolshoi Theater School’s Brazilian campus, where reports say she spent up to 13 hours a day in class and rehearsal, competing for places in a program that accepts fewer than 3 percent of applicants. After a stint dancing professionally in Austria, she pivoted into academics, enrolling at the Massachusetts Institute of Technology to study computer science and mathematics and later completing a master’s in engineering.
During summers she interned at major firms including Bridgewater Associates and Citadel, gaining a front‑row view of how global macro traders constantly bet on future events—but without a simple, regulated way for ordinary people to do the same.

That realization shaped Kalshi’s founding thesis and ultimately her billionaire status. Together with co‑founder Tarek Mansour, whom she met at MIT, Luana spent years persuading lawyers and U.S. regulators that a fully legal event‑trading exchange could exist under commodities law. Reports say more than 60 law firms turned them down before one agreed to help, and the company then spent roughly three years in licensing discussions with the Commodity Futures Trading Commission before gaining approval. The payoff is visible in 2025’s numbers: an 11‑billion‑dollar valuation, a 1‑billion‑dollar fresh capital injection, and a founder’s stake that makes Luana Lopes Lara not just a compelling story but a data point in how fast wealth can now be created at the intersection of finance, regulation, and software.
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.
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