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Melinda Gates backs startup fund run by women

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Aspect Ventures, a venture capital fund set up by women, said it has won the backing of Melinda Gates, the wife of Microsoft founder and billionaire philanthropist, Bill Gates, Aspect Ventures — set …

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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US tests medium-range cruise missile in the wake of INF treaty exit

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The Pentagon said on Monday that it had tested a conventionally configured ground-launched cruise missile with a range of more than 500 km (310 miles), the first such test since the US pulled out of the Intermediate-range Nuclear Forces Treaty (INF).

The United States formally withdrew from the landmark 1987 pact with Russia on Aug. 2 after determining that Moscow was violating the treaty, an accusation the Kremlin has denied.

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Trump’s top aides keep dismissing signs of a recession — and creepily echoing their botched predictions of 2007

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As economists and financial analysts sound the alarm that the risks of a recession rising, President Donald Trump and his advisers have their fingers in their ears.

It's far from guaranteed that we're headed for a recession, of course, but the administration's obliviousness to the warning signs may actually increase the danger. If the economy does start to falter, it seems there's no plan in place to halt the decline. And perhaps most disturbing of all for those of us who remember the 2008 crash, Trump's top aides are echoing the empty reassurances delivered under President George W. Bush in 2007.

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Trump will turn to these secret weapons in desperation if the economy collapses before the 2020 election

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President Donald Trump, in recent weeks, has been stressing both economic themes and culture war themes. The economic themes were evident during a rally in Manchester, New Hampshire on August 15, when Trump tried to frighten 401(k) owners into reelecting him and insisted, “You have no choice but to vote for me because your 401(k), everything is going to be down the tubes (under a Democratic president). So whether you love me or hate me, you’ve got to vote for me.” But if the U.S. does go into a recession in the months ahead, Trump will have a harder time selling himself as the salvation of the American economy — in which case, he would likely become even more aggressive in pushing divisive culture war themes.

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