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Airbnb, Automattic and Pinterest top rank of most acquisitive unicorns

Posted by on Feb 23, 2019 in Aileen Lee, Airbnb, Automattic, blockspring, coinbase, Column, Commuting, cowboy ventures, CrunchBase, Docker, flatiron school, Italy, Lyft, M&A, neologisms, Neutrino, Pinterest, Sprinklr, Startups, SurveyMonkey, TC, transport, Uber, unicorn, unity-technologies, Venture Capital, vox media, WeWork | 0 comments

It takes a lot more than a good idea and the right timing to build a billion-dollar company. Talent, focus, operational effectiveness and a healthy dose of luck are all components of a successful tech startup. Many of the most successful (or, at least, highest-valued) tech unicorns today didn’t get there alone.

Mergers and acquisitions (M&A) can be a major growth vector for rapidly scaling, highly valued technology companies. It’s a topic that we’ve covered off and on since the very first post on Crunchbase News in March 2017. Nearly two years later, we wanted to revisit that first post because things move quickly, and there is a new crop of companies in the unicorn spotlight these days. Which ones are the most active in the M&A market these days?

The most acquisitive U.S. unicorns today

Before displaying the U.S. unicorns with the most acquisitions to date, we first have to answer the question, “What is a unicorn?” The term is generally applied to venture-backed technology companies that have earned a valuation of $1 billion or more. Crunchbase tracks these companies in its Unicorns hub. The original definition of the term, first applied in a VC setting by Aileen Lee of Cowboy Ventures back in late 2011, specifies that unicorns were founded in or after 2003, following the first tech bubble. That’s the working definition we’ll be using here.

In the chart below, we display the number of known acquisitions made by U.S.-based unicorns that haven’t gone public or gotten acquired (yet). Keep in mind this is based on a snapshot of Crunchbase data, so the numbers and ranking may have changed by the time you read this. To maintain legibility and a reasonable size, we cut off the chart at companies that made seven or more acquisitions.

As one would expect, these rankings are somewhat different from the one we did two years ago. Several companies counted back in early March 2017 have since graduated to public markets or have been acquired.

Who’s gone?

Dropbox, which had acquired 23 companies at the time of our last analysis, went public weeks later and has since acquired two more companies (HelloSign for $230 million in late January 2019 and Verst for an undisclosed sum in November 2017) since doing so. SurveyMonkey, which went public in September 2018, made six known acquisitions before making its exit via IPO.

Who stayed?

Which companies are still in the top ranks? Travel accommodations marketplace giant Airbnb jumped from number four to claim Dropbox’s vacancy as the most acquisitive private U.S. unicorn in the market. Airbnb made six more acquisitions since March 2017, most recently Danish event space and meeting venue marketplace Gaest.com. The still-pending deal was announced in January 2019.

WordPress developer and hosting company Automattic is still ranked number two. Automattic <a href=”https://www.crunchbase.com/acquisition/automattic-acquires-atavist–912abccd”>acquired one more company — digital publication platform Atavist — since we last profiled unicorn M&A. Open-source software containerization company Docker, photo-sharing and search site Pinterest, enterprise social media management company Sprinklr and venture-backed media company Vox Media remain, as well.

Who’s new?

There are some notable newcomers in these rankings. We’ll focus on the most notable three: The We CompanyCoinbase and Lyft. (Honorable mention goes to Stripe and Unity Technologies, which are also new to this list.)

The We Company (the holding entity for WeWork) has made 10 acquisitions over the past two years. Earlier this month, The We Company bought Euclid, a company that analyzes physical space utilization and tracks visitors using Wi-Fi fingerprinting. Other buyouts include Meetup (a story broken by Crunchbase News in November 2017) reportedly for $200 million. Also in late 2017, The We Company acquired coding and design training program Flatiron School, giving the company a permanent tenant in some of its commercial spaces.

In its bid to solidify its position as the dominant consumer cryptocurrency player, Coinbase has been on quite the M&A tear lately. The company recently announced its plans to acquire Neutrino, a blockchain analytics and intelligence platform company based in Italy. As we covered, Coinbase likely made the deal to improve its compliance efforts. In January, Coinbase acquired data analysis company Blockspring, also for an undisclosed sum. The crypto company’s other most notable deal to date was its April 2018 buyout of the bitcoin mining hardware turned cryptocurrency micro-transaction platform Earn.com, which Coinbase acquired for $120 million.

And finally, there’s Lyft, the more exclusively U.S.-focused ride-hailing and transportation service company. Lyft has made 10 known acquisitions since it was founded in 2012. Its latest M&A deal was urban bike service Motivate, which Lyft acquired in June 2018. Lyft’s principal rival, Uber, has acquired six companies at the time of writing. Uber bought a bike company of its own, JUMP Bikes, at a price of $200 million, a couple of months prior to Lyft’s Motivate purchase. Here too, the Lyft-Uber rivalry manifests in structural sameness. Fierce competition drove Uber and Lyft to raise money in lock-step with one another, and drove M&A strategy as well.

What to take away

With long-term business success, it’s often a chicken-and-egg question. Is a company successful because of the startups it bought along the way? Or did it buy companies because it was successful and had an opening to expand? Oftentimes, it’s a little of both.

The unicorn companies that dominate the private funding landscape today (if not in the number of deals, then in dollar volume for sure) continue to raise money in the name of growth. Growth can come the old-fashioned way, by establishing a market position and expanding it. Or, in the name of rapid scaling and ostensibly maximizing investor returns, M&A provides a lateral route into new markets or a way to further entrench the status quo. We’ll see how that strategy pays off when these companies eventually find the exit door .


Source: The Tech Crunch

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Shodan Safari, where hackers heckle the worst devices put on the internet

Posted by on Jan 21, 2019 in Apps, controller, fiction, Hack, India, instagram, Italy, kodak, Privacy, safari, screenshot, search engine, Security, TC, texas, web interface | 0 comments

If you leave something on the internet long enough, someone will hack it.

The reality is that many device manufacturers make it far too easy by using default passwords that are widely documented, allowing anyone to log in as “admin” and snoop around. Often, there’s no password at all.

Enter “Shodan Safari,” a popular part-game, part-expression of catharsis, where hackers tweet and share their worst finds on Shodan, a search engine for exposed devices and databases popular with security researchers. Almost anything that connects to the internet gets scraped and tagged in Shodan’s vast search engine — including what the device does and internet ports are open, which helps Shodan understand what the device is. If a particular port is open, it could be a webcam. If certain header comes back, it’s backend might be viewable in the browser.

Think of Shodan Safari as internet dumpster diving.

From cameras to routers, hospital CT scanners to airport explosive detector units, you’d be amazed — and depressed — at what you can find exposed on the open internet.

Like a toilet, or prized pot plant, or — as we see below — someone’s actual goat.

The reality is that Shodan scares people — and it should. It’s a window into the world of absolute insecurity. It’s not just exposed devices but databases — storing anything from two-factor codes to your voter records, and where you’re going to the gym tonight. But devices take up the bulk of what’s out there. Exposed CCTV cameras, license plate readers, sex toys, and smart home appliances. If it’s out there and exposed, it’s probably on Shodan.

If there’s ever a lesson to device makers, not everything has to be connected to the internet.

Here’s some of the worst things we’ve found so far. (And here’s where to send your best finds.)

An office air conditioning controller. (Screenshot: Shodan)

 

A weather station monitor at an airport in Alabama. (Screenshot: Shodan)

 

A web-based financial system at a co-operative credit bank in India. (Screenshot: Shodan)

 

For some reason, a beef factory. (Screenshot: Shodan)

 

An electric music carillon near St. Louis. used for making church bell melodies. (Screenshot: Shodan)

 

A bio-gas production and refinery plant in Italy. (Screenshot: Shodan)

 

A bird. Just a bird. (Screenshot: Shodan via @Joshbal4)

 

A brewery in Los Angeles. (Screenshot: Shodan)

 

The back end of a cinema’s projector system. Many simply run Windows. (Screenshot: Shodan via @tacticalmaid)

 

The engine room of a Dutch fishing boat. (Screenshot: Shodan)

 

An explosive residue detector at Heathrow Airport’s Terminal 3. (Screenshot: TechCrunch)

 

A fish tank water control and temperature monitor. (Screenshot: Shodan)

 

A climate control system for a flower store in Colorado Springs. (Screenshot: Shodan)

 

The web interface for a Tesla PowerPack. (Screenshot: Shodan via @xd4rker)

 

An Instagram auto-follow bot.(Screenshot: Shodan)

 

A terminal used by a pharmacist. (Screenshot: Shodan)

 

A controller for video displays and speakers at a Phil’s BBQ restaurant in Texas. (Screenshot: Shodan)

 

A Kodak Lotem printing press. (Screenshot: Shodan)

 

Someone’s already hacked lawn sprinkler system. Yes, that’s Rick Astley. (Screenshot: Shodan)

 

A sulfur dioxide detector. (Screenshot: Shodan)

 

An internet-connected knee recovery machine. (Screenshot: Shodan)

 

Somehow, a really old version of Windows XP still in existence. (Screenshot: Shodan)

 

Someone’s workout machine. (Screenshot: Shodan)


Source: The Tech Crunch

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Startups Weekly: Squad’s screen-shares and Slack’s swastika

Posted by on Jan 19, 2019 in alex wilhelm, altos ventures, AnchorFree, Andreessen Horowitz, Autotech Ventures, Aviva Ventures, berlin, bird, bluerun ventures, Business, ceo, Ciitizen, crowdstrike, CrunchBase, economy, editor-in-chief, entrepreneurship, Finance, First Round Capital, Flash, France, Greenspring Associates, Ingrid Lunden, Italy, josh constine, Lance Armstrong, Maverick Ventures, Next Ventures, norwest venture partners, Portugal, Private Equity, redpoint ventures, resolute ventures, Rubrik, series C, slack, slow ventures, Spain, Startup company, Startups, switzerland, Tandem Capital, TC, TechStars, tools, unicorn, valar ventures, Venture Capital, zack Whittaker | 0 comments

We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018.

Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk about is Slack’s new logo… As part of its public listing prep, Slack announced some changes to its branding this week, including a vaguely different looking logo. Considering the flack the $7 billion startup received instantaneously and accusations that the negative space in the logo resembled a swastika — Slack would’ve been better off leaving its original logo alone; alas…

On to more important matters.

Rubrik more than doubled its valuation

The data management startup raised a $261 million Series E funding at a $3.3 billion valuation, an increase from the $1.3 billion valuation it garnered with a previous round. In true unicorn form, Rubrik’s CEO told TechCrunch’s Ingrid Lunden it’s intentionally unprofitable: “Our goal is to build a long-term, iconic company, and so we want to become profitable but not at the cost of growth,” he said. “We are leading this market transformation while it continues to grow.”

Deal of the week: Knock gets $400M to take on Opendoor

Will 2019 be a banner year for real estate tech investment? As $4.65 billion was funneled into the space in 2018 across more than 350 deals and with high-flying startups attracting investors (Compass, Opendoor, Knock), the excitement is poised to continue. This week, Knock brought in $400 million at an undisclosed valuation to accelerate its national expansion. “We are trying to make it as easy to trade in your house as it is to trade in your car,” Knock CEO Sean Black told me.

Cybersecurity stays hot

While we’re on the subject of VCs’ favorite industries, TechCrunch cybersecurity reporter Zack Whittaker highlights some new data on venture investment in the industry. Strategic Cyber Ventures says more than $5.3 billion was funneled into companies focused on protecting networks, systems and data across the world, despite fewer deals done during the year. We can thank Tanium, CrowdStrike and Anchorfree’s massive deals for a good chunk of that activity.

Send me tips, suggestions and more to kate.clark@techcrunch.com or @KateClarkTweets

Fundraising efforts continue

I would be remiss not to highlight a slew of venture firms that made public their intent to raise new funds this week. Peter Thiel’s Valar Ventures filed to raise $350 million across two new funds and Redpoint Ventures set a $400 million target for two new China-focused funds. Meanwhile, Resolute Ventures closed on $75 million for its fourth early-stage fund, BlueRun Ventures nabbed $130 million for its sixth effort, Maverick Ventures announced a $382 million evergreen fund, First Round Capital introduced a new pre-seed fund that will target recent graduates, Techstars decided to double down on its corporate connections with the launch of a new venture studio and, last but not least, Lance Armstrong wrote his very first check as a VC out of his new fund, Next Ventures.

More money goes toward scooters

In case you were concerned there wasn’t enough VC investment in electric scooter startups, worry no more! Flash, a Berlin-based micro-mobility company, emerged from stealth this week with a whopping €55 million in Series A funding. Flash is already operating in Switzerland and Portugal, with plans to launch into France, Italy and Spain in 2019. Bird and Lime are in the process of raising $700 million between them, too, indicating the scooter funding extravaganza of 2018 will extend into 2019 — oh boy!

Startups secure cash

  • Niantic finally closed its Series C with $245 million in capital commitments and a lofty $4 billion valuation.
  • Outdoorsy, which connects customers with underused RVs, raised $50 million in Series C funding led by Greenspring Associates, with participation from Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital.
  • Ciitizen, a developer of tools to help cancer patients organize and share their medical records, has raised $17 million in new funding in a round led by Andreessen Horowitz.
  • Footwear startup Birdies — no, I don’t mean Allbirds or Rothy’s — brought in an $8 million Series A led by Norwest Venture Partners, with participation from Slow Ventures and earlier investor Forerunner Ventures.
  • And Brud, the company behind the virtual celebrity Lil Miquela, is now worth $125 million with new funding.

Feature of the week

TechCrunch’s Josh Constine introduced readers to Squad this week, a screensharing app for social phone addicts.

Listen to me talk

If you enjoy this newsletter, be sure to check out TechCrunch’s venture-focused podcast, Equity. In this week’s episode, available here, Crunchbase editor-in-chief Alex Wilhelm and I marveled at the dollars going into scooter startups, discussed Slack’s upcoming direct listing and debated how the government shutdown might impact the IPO market.

Want more TechCrunch newsletters? Sign up here.

Source: The Tech Crunch

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Bernardo Bertolucci, Director of ‘Last Tango in Paris,’ Dies at 77

Posted by on Nov 26, 2018 in Academy Awards (Oscars), Bertolucci, Bernardo, Deaths (Obituaries), Italy, Movies | 0 comments

Mr. Bertolucci’s early work reflected the revolutionary spirit of the 1960s and ’70s, in particular the shifting social and sexual mores of the times.
Source: New York Times

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Amazon warehouse workers in Europe stage ‘we are not robots’ protests

Posted by on Nov 23, 2018 in Amazon, eCommerce, Europe, France, GMB Union, Italy, London, madrid, Spain, Strikes, United Kingdom, warehouse workers | 1 comment

Amazon warehouse workers in several countries in Europe are protesting over what they claim are inhuman working conditions which treat people like robots. It’s the latest in a series of worker actions this year.

They’ve timed the latest protest for Black Friday, one of the busiest annual shopping days online as retailers slash prices and heavily promote deals to try to spark a seasonal buying rush.

In the UK, the GMB Union says it’s expecting “hundreds” to attend protests timed for early morning and afternoon at Amazon warehouses in Rugeley, Milton Keynes, Warrington, Peterborough and Swansea.

At the time of writing the union had not provided details of turnout so far. 

Protests are also reported to be taking place in Spain, France and Italy today. Although, when asked about strikes at its facilities in these countries, Amazon claimed: “Our European Fulfilment Network is fully operational and we continue to focus on delivering for our customers. Any reports to the contrary are simply wrong.”

The demonstrations look intended to not only apply pressure on Amazon to accept collective bargaining but encourage users of its website to think about the wider costs involved in packing and despatching the discounted products they’re trying to grab.

Spanish newspaper El Diaro reports that today’s protests by workers at Amazon’s largest logistics center in the country, in San Fernando, Madrid, mark the fourth round of strikes over working conditions in Spain.

Protestors in Madrid this morning reportedly chanted: “We will not accept discounts to our rights.”

A report by AP quotes the spokesman of the protest group in Spain, Douglas Harper, claiming that around 90 percent of workers at a logistics depot in near Madrid joined the walkout — leaving just two people at the loading bay. Though Amazon reportedly diverted cargo deliveries to its other 22 depots in the country.

Update: Amazon disputes the 90% figure. A spokesman told us: “The numbers released by the unions are categorically wrong. Today, the majority of our associates at Amazon’s Fulfillment Center in San Fernando de Henares (Madrid) are working and processing our customers’ orders, as they do every day.”

French press also reports warehouse workers striking locally, and a union representing Amazon logistics workers calling for a national strike.

In the UK the GMB Union is calling on Amazon to recognize its representation of workers, and has attacked the company for what it dubs “Victorian working practices”. 

This summer an investigation by the Union revealed ambulances had been called to Amazon’s UK warehouses 600 times during the past three financial years.

Earlier this month the Union also revealed a total of 602 reports have been made from Amazon warehouses to the Health and Safety Executive since 2015/16 — with workers reported to have suffered fractures, head injuries, contusions and collisions with heavy equipment.

It added that one report detailed a forklift truck crash caused by a ‘lapse of concentration possibly due to long working hours’.

In a statement on Wednesday announcing the Black Friday protest, Tim Roache, the GMB’s general secretary, said: “The conditions our members at Amazon are working under are frankly inhuman. They are breaking bones, being knocked unconscious and being taken away in ambulances. We’re standing up and saying enough is enough, these are people making Amazon its money. People with kids, homes, bills to pay — they’re not robots.”

“Jeff Bezos is the richest bloke on the planet; he can afford to sort this out,” he added. “You’d think making the workplace safer so people aren’t carted out of the warehouse in an ambulance is in everyone’s interest, but Amazon seemingly have no will to get round the table with us as the union representing hundreds of their staff. Working people and the communities Amazon operates in deserve better than this. That’s what we’re campaigning for.”

In a further update today the GMB Union said Amazon has not replied to a joint plea, backed by a shadow minister, for a health and safety review to reduce the hundreds of ambulance call outs to its warehouses.

Two UK MPs wrote to Amazon’s director of public policy for UK and Ireland last week to suggest a joint audit with the union and also a meeting hosted by them in parliament — to discuss the issues. But the union said Amazon has so far failed to respond.

Responding to today’s protest action, a spokesman for Amazon UK provided us with the following statement:

Amazon has created in the UK more than 25,000 good jobs with a minimum of £9.50/hour and in the London area, £10.50/hour on top of industry-leading benefits and skills training opportunities.

All of our sites are safe places to work and reports to the contrary are simply wrong. According to the UK Government’s Health and Safety Executive, Amazon has over 40% fewer injuries on average than other transportation and warehousing companies in the UK. We encourage everyone to compare our pay, benefits, and working conditions to others and come see for yourself on one of the public tours we offer every day at our centers across the UK uk.amazonfctours.com.

The spokesman declined to respond to additional questions.

In October, facing rising political pressure on its home turf after senator Bernie Sanders introduced legislation targeting low rates of pay at the coal face of Amazon’s business, the ecommerce giant said it would raise the minimum wage of its US workers to $15 per hour. That change went into effect at the start of this month.

In another change to its business announced yesterday, also just before the Black Friday spending binge kicked off, Amazon reversed a decision that had been triggered by a change in Australian tax law earlier this year, when it had shuttered its US store to shoppers in the country to avoid paying a 10% levy — deciding to suck up the charge to lift a geoblock that had proved unpopular with customers.


Source: The Tech Crunch

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California may mandate a woman in the boardroom, but businesses are fighting it

Posted by on Aug 12, 2018 in author, board of directors, Business, California, Column, Director, economy, Finance, France, gender diversity, gender equality, Germany, Italy, law, Norway, president, san diego, Senate, Spain, TC | 0 comments

California is moving toward becoming the first state to require companies to have women on their boards –assuming the idea could survive a likely court challenge.

Sparked by debates around fair pay, sexual harassment and workplace culture, two female state senators are spearheading a bill to promote greater gender representation in corporate decision-making. Of the 445 publicly traded companies in California, a quarter of them lack a single woman in their boardrooms.

SB 826, which won Senate approval with only Democratic votes and has until the end of August to clear the Assembly, would require publicly held companies headquartered in California to have at least one woman on their boards of directors by end of next year. By 2021, companies with boards of five directors must have at least two women, and companies with six-member boards must have at least three women. Firms failing to comply would face a fine.

“Gender diversity brings a variety of perspectives to the table that can help foster new and innovative ideas,” said Democratic Sen. Hannah-Beth Jackson of Santa Barbara, who is sponsoring the bill with Senate President Pro Tem Toni Atkins of San Diego.”It’s not only the right thing to do, it’s good for a company’s bottom line.”

Yet critics of the bill say it violates the federal and state constitutions. Business associations say the rule would require companies to discriminate against men wanting to serve on boards, as well as conflict with corporate law that says the internal affairs of a corporation should be governed by the state law in which it is incorporated. This bill would apply to companies headquartered in California.

Jennifer Barrera, senior vice president of policy at the California Chamber of Commerce, argued against the bill and said it only focuses “on one aspect of diversity” by singling out gender.

“This bill basically mandates that we hire the woman above anybody else who we may be fulfilling for purposes of diversity,” she said at a hearing.

Similarly, a legislative analysis of the bill cautioned that it could get challenged on equal protection grounds, and that it would be difficult to defend, requiring the state to prove a compelling government interest in such a quota system for a private corporation.

Five years ago, California was the first state to pass a resolution, authored by Jackson, calling on public companies to increase gender diversity. In response, about 20 percent of the companies headquartered in the state followed through with putting women on their boards, according to the research firm Board Governance Research. But the resolution was non-binding and expired in December 2016.

Other countries have been more proactive. Norway in 2007 was the first country to pass a law requiring 40 percent of corporate board seats be held by women, and Germany set a 30 percent requirement in 2015. Spain, France and Italy have also set quotas for public firms.

In California, smaller companies have fewer female directors. Out of 50 companies with the lowest revenues, 48 percent have no female directors, according to Board Governance Research. Only 8 percent of their board seats are held by women.

The 2017 study said larger companies did a better job of appointing women, with all 50 of the highest-revenue companies having at least one female director and 23 percent of board seats held by women.

“The main issue is still that a lot of companies headquartered here don’t have women on their boards,” said Annalisa Barrett, clinical professor of finance at the University of San Diego’s School of Business. “We quite often like to think of California as progressive and a leader on social issues, so that’s kind of disappointing.”

Barrett publishes an annual report of women on boards in California. Public companies are major employers in the state, and their financial performance has a big impact on public pension funds, mutual funds and investment portfolios. “Financial performance does really impact the broader community,” she said.

The National Association of Women Business Owners, sponsor of the bill, says an economy as big as California’s ought to “set an example globally for enlightened business practice.” In a letter of support, the association cites studies that suggest corporations with female directors perform better than those with no women on their boards.

One University of California, Davis study did find that companies with more women serving on their boards saw a higher return on assets and equity, but the author acknowledges this may not suggest a cause-and-effect.


Source: The Tech Crunch

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Can I Ruin Your Dinner Party?

Posted by on Aug 8, 2018 in Democracy (Theory and Philosophy), European Union, Illegal Immigration, Immigration and Emigration, Italy, Libya, North Atlantic Treaty Organization, Putin, Vladimir V, Qaddafi, Muammar el-, Refugees and Displaced Persons, russia, Trump, Donald J, United States Politics and Government | 0 comments

One of the two pillars of the West is in jeopardy.
Source: New York Times

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This Italian Town Once Welcomed Migrants. Now, It’s a Symbol for Right-Wing Politics

Posted by on Jul 7, 2018 in Democratic Party (Italy), Drug Abuse and Traffic, elections, European Union, Five Star Movement (Italy), Forza Nuova, Fringe Groups and Movements, Immigration and Emigration, Italy, League (Italian Political Party), Macerata, Italy, Mastropietro, Pamela, Murders, Attempted Murders and Homicides, Politics and Government, Salvini, Matteo, Traini, Luca | 0 comments

Macerata once had a reputation for tolerance. But the killing of a woman and a revenge shooting made the Italian town a symbol of rising right-wing politics.
Source: New York Times

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Proof of Children’s Vaccinations? Italy Will Now Take Parents’ Word for It

Posted by on Jul 6, 2018 in Children and Childhood, Five Star Movement (Italy), Italy, League (Italian Political Party), Measles, Politics and Government, Vaccination and Immunization | 0 comments

A move that Italy’s government says is aimed at simplifying school enrollment has raised fear an increase in nonvaccinated children in Europe.
Source: New York Times

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Op-Ed Columnist: A Cheer for Italy’s Awful New Government

Posted by on Jun 2, 2018 in Appointments and Executive Changes, Bannon, Stephen K, Brussels (Belgium), Conte, Giuseppe, Corruption (Institutional), Democracy (Theory and Philosophy), Di Maio, Luigi, Europe, European Commission, European Union, Five Star Movement (Italy), Illegal Immigration, Immigration and Emigration, International Trade and World Market, Italy, Juncker, Jean-Claude, Le Pen, Marine, League (Italian Political Party), Mattarella, Sergio, Mediterranean Sea, Politics and Government | 0 comments

The anti-Europeans won. Let them fail from the inside, not rail from the outside.
Source: New York Times

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