Digest

This episode of The Economist Intelligence podcast begins with a discussion about the recent conviction of 14 Hong Kong pro-democracy activists, known as the Hong Kong 47, for crimes against the state. The trial concluded on Thursday, with 14 activists being convicted, two acquitted, and 31 having already pleaded guilty. This comes at a sensitive time for Hong Kong, as the city would normally be preparing for June 4th commemorations, marking the anniversary of the Tiananmen Square massacre. The podcast then shifts to discuss the rise of startups in America, highlighting the surprising increase in new businesses since the start of the pandemic. While many of these startups are small and local, there is a growing number of tech companies, particularly those utilizing artificial intelligence, that have the potential to become larger enterprises. The episode concludes with an obituary of June Mendoza, a renowned portrait artist known for her captivating depictions of prominent figures, including royalty and ordinary people. Mendoza's unique ability to capture a likeness and her dedication to her craft are highlighted, along with her unconventional approach to finding subjects and her lasting impact on the art world.

Outlines

00:00:00

Hong Kong Pro-Democracy Activists Convicted

This Chapter discusses the recent conviction of 14 Hong Kong pro-democracy activists, known as the Hong Kong 47, for crimes against the state. The trial concluded on Thursday, with 14 activists being convicted, two acquitted, and 31 having already pleaded guilty. This comes at a sensitive time for Hong Kong, as the city would normally be preparing for June 4th commemorations, marking the anniversary of the Tiananmen Square massacre. The podcast explores the background of the case, the charges against the activists, and the implications of the convictions for Hong Kong's future.

00:08:58

America's Startup Boom

This Chapter explores the recent surge in startups in America, a phenomenon that has surprised economists. The podcast discusses the factors contributing to this boom, including the pandemic's disruptions, the rise of remote work, and the tight job market. It highlights the diverse nature of these startups, ranging from small local businesses to tech companies utilizing artificial intelligence. The podcast also examines the sustainability of this boom, considering factors such as funding challenges and the potential impact on the broader economy.

00:17:08

Obituary: June Mendoza

This Chapter is an obituary for June Mendoza, a renowned portrait artist known for her captivating depictions of prominent figures, including royalty and ordinary people. The podcast highlights Mendoza's unique ability to capture a likeness, her unconventional approach to finding subjects, and her dedication to her craft. It also discusses her lasting impact on the art world and her legacy as a talented and influential artist.

Keywords

Q&A

• What were the charges against the Hong Kong 47 activists?

  The Hong Kong 47 activists were charged with crimes against the state, specifically for organizing an unofficial primary election to select pro-democracy candidates for the Legislative Council election. The authorities argued that this activity constituted subversion, as it aimed to challenge the government's authority and influence the outcome of the election.

• How has the National Security Law impacted Hong Kong?

  The National Security Law has had a significant impact on Hong Kong, leading to a crackdown on dissent and the suppression of pro-democracy movements. The law has been used to arrest and prosecute activists, journalists, and others who have expressed critical views of the government. It has also been used to restrict freedom of speech and assembly, creating a climate of fear and self-censorship in the territory.

• What are the key factors driving the rise of startups in America?

  The rise of startups in America is driven by several factors, including the pandemic's disruptions, which led to a shift in working patterns and a need for new solutions. The rise of remote work has also contributed to the spread of talent across the country, enabling entrepreneurs to start businesses in smaller communities. Additionally, the tight job market has given people the confidence to pursue entrepreneurial ventures, knowing that they can return to their previous jobs if necessary.

• What are the potential benefits of the startup boom for the American economy?

  The startup boom has the potential to generate economic growth, create new jobs, and increase wages. By fostering innovation and competition, startups can challenge established companies to improve their products and services, leading to greater efficiency and productivity. However, the full economic impact of the startup boom may not be realized for several years, as it takes time for new businesses to mature and scale.

• What was June Mendoza's unique approach to portraiture?

  June Mendoza was known for her unconventional approach to finding subjects. She often sought out interesting faces in restaurants, shops, and on the street, capturing their likeness in a spontaneous and natural way. This approach contrasted with her work with prominent figures, where she was known for her meticulous attention to detail and her ability to capture the essence of her subjects.

Show Notes