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            Today, defending soccer champs act like they don’t care and private equity serves up a new acquisition medium-rare, but first...
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                The Hustle
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               Sponsored by
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             <strong>
              Hear that?
             </strong>
             That’s the sound of something
             <em>
              loud
             </em>
             coming. Polish your headphones, unravel your iPhone dongles, and
             <strong>
              check your email tomorrow
             </strong>
             for a special auditory treat.
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            <h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
             <strong>
              Billionaires are practically begging to pay more taxes in a new open letter
             </strong>
            </h2>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             American billionaires know where to find the cash to correct climate change, the public infrastructure crisis, and other pressing societal problems: their own pockets.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Now, in
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              an open letter
             </a>
             published on Medium, they’re asking the federal government to take more of their money.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             On Monday, George Soros, Abigail Disney, Facebook co-founder Chris Hughes and several other members of the illustrious
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              “3 Comma Club”
             </a>
             released an open letter on Medium pleading for “a moderate wealth tax” on the richest 1/10 of 1 percent of Americans.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             <strong>
              Billionaires believe America is in trouble
             </strong>
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The letter proposes a “wealth tax” that would be levied against any American household with more than $50m (this is
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              NOT an income tax
             </a>
             ).
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Based on this plan -- which resembles proposals made by Democratic presidential candidates Elizabeth Warren, Pete Buttigieg and Beto O’Rourke -- roughly 75k families would owe 2 cents for every dollar they have over $50m.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Hughes, Soros and company suggest the wealth tax could help: (1) solve climate change; (2) improve America’s economy; (3) improve public health; (4) reduce income inequality; (5) strengthen democracy; (6) and boost patriotism.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             <strong>
              Warren Buffett, O.G. tax fan
             </strong>
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Billionaires have made similar requests before: Warren Buffett asked for higher taxes on Americans who made more than $1 million
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              in 2011
             </a>
             (and again
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              in 2015
             </a>
             ), and Bill Gates did it
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              in 2018
             </a>
             .
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Despite support from President Barack Obama, the so-called “Buffett Rule” was never passed. And Buffett had to give his money away. He
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              donated $3.4 billion
             </a>
             in Berkshire Hathaway stock last year.
            </p>
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            Will pay 4 change
           </td>
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           <td>
            <h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
             <strong>
              Defending African soccer champs go on a mini-strike to bargain for bigger bonuses
             </strong>
            </h2>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Soccer is a big deal in Cameroon: The men’s national team is the defending continental champions in this month’s African Cup of Nations (AFCON) tournament.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             But soccer isn't just a game in Cameroon; it’s serious work. So serious, in fact, that Cameroonian players
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              went on strike
             </a>
             in the middle of this year’s AFCON tournament to demand bigger bonuses.
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              The game-behind-the-game in African soccer
             </strong>
            </h4>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Last week, players on the Cameroonian national soccer team refused to board their flight to Egypt after they received bonuses of $34k, half of what they initially demanded.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             After Cameroon’s ministry of sport agreed to give the players additional bonuses of
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              $8.7k
             </a>
             , they agreed to fly to Egypt.
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              It’s a successful way to leverage limelight
             </strong>
            </h4>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The crafty Cameroonian soccer stars weren’t the only ones thinking about striking in this AFCON tourney: Members of Zimbabwe’s team threatened to boycott their first game because they hadn’t been paid.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Game-time disputes have become increasingly common for a simple reason: They’re effective.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Usually, governments are slow to pay players. But when players threaten to make their countries look stupid during international tournaments, they pay faster: In the 2014 World Cup in Brazil, Ghana’s government flew out an emergency $3m in cash to pay player bonuses.
            </p>
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                <span style="color: #ffffff; display: block; float: none; font-weight: bold; text-align: center;">
                 »
                </span>
               </td>
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                <a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
                 You gotta pay to play
                </a>
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          <!-- END LINK -->
          <!-- END BRIEF -->
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          <!-- Start The Hustle Says -->
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            the hustle says...
           </td>
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             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             </p>
             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
              <strong>
               Still wearing your college sweatpants?
              </strong>
              Level-up your adulting game and start lounging in pair of Mack Weldon's
              <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
               Radius Pants
              </a>
              .*
             </p>
            </div>
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           <td>
            <div class="statements" style="font-family: sans-serif; font-size: 15px;">
             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             </p>
             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
              <strong>
               Keep your sneaks simple with California surfer style:
              </strong>
              <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
               SeaVees Legends
              </a>
              are comfy, classy, and clean.
             </p>
            </div>
           </td>
          </tr>
          <tr>
           <td>
            <div class="statements" style="font-family: sans-serif; font-size: 15px;">
             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             </p>
             <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
              <strong>
               The Hustle’s Texas-based sales team gets a ton of sun,
              </strong>
              so they protect their faces the old fashioned way: with straw hats.
              <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
               Hemlock’s Big Hoss
              </a>
              is an office favorite.
             </p>
            </div>
           </td>
          </tr>
          <tr>
           <td>
            <p style="font-family: arial, sans-serif; font-size: 12px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             *This is a sponsored post.
            </p>
           </td>
          </tr>
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           <td style="padding-bottom: 40px;">
           </td>
          </tr>
          <tr>
           <td id="break1" style="border-bottom-color: #dddddd; border-bottom-style: solid; border-bottom-width: 1px;">
           </td>
          </tr>
          <!-- START BRIEF -->
          <tr id="news1">
           <td>
            <h2 style="font-family: arial, sans-serif; font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
             <strong>
              NYC rental racket shows Airbnb makes life hard for renters in more ways than one
             </strong>
            </h2>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             A group of 9 people rigged up a simple New York City rental scheme that made $5m in revenue by booking illegal Airbnb rentals, reveals a recent
             <em>
              Wired
             </em>
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              report
             </a>
             .
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The success of this rental racket shows that Airbnb can make life harder for renters in any kind of market.
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              A stealthy scheme made $5m in a rigid rental market
             </strong>
            </h4>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             New York’s notoriously strict rental rules are supposed to ban owners from building short-term rental empires. But, between 2015 and 2019, this rental racket did just that, booking 64k guests in 24k rooms.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The “unlawful hotel operation” flew under the radar of both Airbnb and New York City officials for years using fake host names, highlighting how easy -- and how lucrative -- it can be to break the rental rules.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             In New York, Airbnbs -- illegal and otherwise -- have directly accounted for a $380 increase in annual rental costs.
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              Unregulated rental markets are ALSO getting rocked
             </strong>
            </h4>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The Airbn-boom affects different cities in different ways.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             In Canada, where rental regulation is generally more loose,
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              1.5%
             </a>
             of the rental supply
             <em>
              in the entire country
             </em>
             has been devoured by Airbnb.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             In Montreal, prices have risen so much that long-term tenants are getting evicted from homes by developers who are jacking up rental rates for short-term rentals.
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             <strong>
              Sizzling $650m Del Frisco’s deal proves private equity firms love steak
             </strong>
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            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The Connecticut-based private equity giant L Catterton agreed yesterday to buy Del Frisco’s Restaurant Group -- a steakhouse chain with 78 restaurants -- for $650m in cash,
             <em>
              Axios
             </em>
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              reports
             </a>
             .
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            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             At first bite, the multimillion-dollar deal -- an 18.9% premium over the steak-maker’s closing price as of last Friday -- seems like a strange move for a massive private equity company...
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              But private equity firms are cash-craving carnivores
             </strong>
            </h4>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Luxury meat markets like Del Frisco’s offer private equity companies a mouthwatering combination: Stable revenue and cash.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             “Restaurant groups, with their cookie cutter scalability and strong cash-generation, work well for private equity,” investment banker Peter Hemington
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              explained
             </a>
             to the
             <em>
              Financial Times
             </em>
             .
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            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Since slinging sizzling steaks is a proven business model, buying steakhouses makes for low-risk investments that can balance out the riskier pieces of a private equity portfolio.
            </p>
            <h4 style="font-family: arial, sans-serif; font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
             <strong>
              Del Frisco’s isn’t the only sirloin on the private equity plate
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            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             The Boston-based steakhouse chain Smith &amp; Wollensky is owned by the private equity firm Bunker Hill Capital.
            </p>
            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
             Other famous steak chains like Ruth’s Chris Steakhouse have been flipped by private equity firms in the past.
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              Brands switching to this platform average a 29% lift in revenue in the first 6 months
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             It’s called
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              Klaviyo
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             , and it stands for Kontent Labeling And Videogra -- nah, we’re just kidding.
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             What’s
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              not
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             a joke is their
             <a style="-webkit-text-fill-color: #ed4d1f; color: #ed4d1f; text-decoration: none;">
              marketing automation platform
             </a>
             : Brands who switch to Klaviyo average a
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             Thanks to pre-built integrations with “The Big Three” -- Magento, BigCommerce, and Shopify -- in addition to completely customizable solutions, companies who use Klaviyo own their growth and build customer relationships faster than you can say “segmentation.”
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             With step-by-step implementation guides, expert onboarding support, and an oh-so-sleek interface, no other marketing tech gets you up and running faster than
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             .
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             Ready to Klavi-
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