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🌎 The real loser of the UAW deals

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Tue, Oct 31, 2023 09:56 AM

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Plus: The evolution of the iMac. Was this newsletter forwarded to you? October 31, 2023 Sponsored By

Plus: The evolution of the iMac. Was this newsletter forwarded to you? [Sign up here](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/xVD0NEoIIq2VJxfOYCff9wsuofVWto7dDIGfwgrSXeY=324) [Quartz](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850974490%2Fthe-real-loser-of-the-uaw-deals%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/yQrVfTj1z2qtUECC2kYKf3mPkcfl9rmqjLc-68HsMk4=324) October 31, 2023 [View in browser](%2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850974490%2Fthe-real-loser-of-the-uaw-deals%2F/2/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/S3ohV0A5d0mzsy9BzY6E9mEzJ4r_8AkEwSlvGbW-gwA=324) Sponsored By %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850974490%2Fthe-real-loser-of-the-uaw-deals%2F/3/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/Wcy_PbzFm6GFoYzmsFMhxZH9EkvnL1OmS8dEDNqt_Pw=324 Photo: Reuters (Rebecca Cook) Good morning, Quartz readers! Here’s what you need to know Consumers lost in the United Auto Workers’ deals with Ford, GM, and Stellantis. Higher labor costs, [while a win for autoworkers](%2F%2Fqz.com%2Fconsumers-are-the-losers-in-the-uaw-deals-with-ford-gm-1850972637%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850974490/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/ehxayttUtLNQ45Rqnfry42XaTtb8-nMcxByTc0Kbxfw=324), will have to be absorbed somewhere, and it’ll probably mean higher car prices. Instagram and Facebook users in Europe are getting an ad-free version. The paid options that parent company Meta unveiled yesterday are in response to the continent’s [changing data privacy laws](%2F%2Fwww.nytimes.com%2F2023%2F10%2F30%2Ftechnology%2Ffacebook-meta-subscription-europe.html/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/qvFAhONvyYZ5Gb2fW9zR08ASF9Vh0ewKcAvGNtAy7do=324). Adani Green Energy’s profit more than doubled in the second quarter. Energy sales were [up more than 87%](%2F%2Fwww.reuters.com%2Fbusiness%2Fenergy%2Findias-adani-green-q2-profit-more-than-doubles-higher-power-sales-2023-10-30%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/zHybN8uDu_wkZ8HXsirw6sTzxwroxzlPDQ32QXX1MnE=324) in the reporting period, largely driven by solar and wind demand. Lower battery production in Japan sent Tesla shares down. The electric vehicle maker’s [long-time partner Panasonic](%2F%2Fwww.cnbc.com%2F2023%2F10%2F30%2Ftesla-shares-drop-5percent-on-panasonic-battery-warning.html/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/wX2cYLUVFX1YE_PbQhSYmI1V-qtP_mzCOuUCkFnD9gQ=324) further stoked worries that [EV demand is cooling](%2F%2Fqz.com%2Fgm-is-slowing-ev-production-amid-labor-strikes-and-evo-1850954588%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850974490/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/TBWgEZuqTHxWTTOI3mziSIaDIFuj9JqbS5DH90KH6lc=324). Help us decide what’s next for Quartz members. Love the Daily Brief but not yet a subscriber to our paid membership? Would you [take our three-minute survey](%2F%2Fwww.surveymonkey.com%2Fr%2FK3TH227/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/2hhL9kKi6899oehRFbsvSqAYZ_jPQdmID1g1MBnVFDw=324) to help us improve? Sponsor content by INCOGNI [INCOGNI]( How can you protect yourself from identity theft, spam calls, and insurance hikes? Every day, data brokers sell your personal info—phone number, SSN, DOB—to the highest bidder, from innocuous ad-targeting companies to ominous scammers. Fight back with the personal data removal service Incogni, which is offering Quartz readers a special discount. [Get digital peace of mind for 55% off today using code QUARTZ](%2F%2Fpubads.g.doubleclick.net%2Fgampad%2Fclk%3Fid=6405283088%26iu=%2F4246/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/LSNJKbmwTztk1fiM_SkWkRXATEuKdT8jm3_0O166DCE=324) [advertisement][advertisement][advertisement] Today’s iMacs fall pretty far from the tree It’s a good time to usher in a new season for the iMac. Apple’s first product to use “i”—for internet!—in its name hasn’t had a new iteration since 2021, and with competitors like Qualcomm claiming its PCs [will be 50% faster](%2F%2Farstechnica.com%2Fgadgets%2F2023%2F10%2Fqualcomm-snapdragon-x-elite-looks-like-the-windows-worlds-answer-to-apple-silicon%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/1J1f30Xqmst1Is-1wEDrvi8HRJJiIXaVLIHyCrwCb4Q=324) than Apple’s last chip, the company’s feet are being held to the fire. But if Apple were competing with itself, the latest iterations of its iMacs couldn’t be more different than the originals: 25: Years ago that the first iMac debuted 15: Inches of display it had 280,000: Units of the machine sold in the six weeks after it launched on Aug. 15, 1998 26 million: iMac units Apple [sold last year](%2F%2Fwww.statista.com%2Ftopics%2F10435%2Fapple-mac%2F%23topicOverview/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/UXNLYme85oM-na2_QuGXC5xmUzACeuOA1Ct-IwvqFhY=324) Quartz’s Ananya Bhattacharya took a look back at [the design evolution of the iMac](%2F%2Fqz.com%2Fhow-the-imac-became-iconic-1850971725%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850974490/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/sxHlp-fluFT2eo4c6dMDPTgQMA54Ka2K6s66qSff6do=324). Person of interest: Katherine Maher %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850974490%2Fthe-real-loser-of-the-uaw-deals%2F/4/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/b_cqD5wk5s-WbuftRKfQufFgriHAvnuztVC2rZcQjMU=324 Photo: (Web Summit) Former Wikimedia Foundation CEO Katherine Maher is stepping into the now-infamous shoes of Paddy Cosgrave, the ex-Web Summit chief who resigned from his 14-year-tenure after his controversial statements about the Israel-Hamas war. Maher’s resume sits at the intersection of tech and dialogue. In the past, she has been an adviser for UNICEF, the National Democratic Institute, and the World Bank, among others, and continues to chair messaging platform Signal. But with individuals and behemoths like Google, Meta, Intel, Amazon, and Stripe having already pulled out from the Nov. 13-16 conference in Lisbon, could Maher’s pitch to deliver “an event as compelling as any that have come before” [be a little too late](%2F%2Fqz.com%2Fweb-summit-new-ceo-wikimedia-katherine-maher-1850972495%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850974490/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/bmBvfFtXd3aIfuAgiFIgQ3J0Hpba3_wQsZyRhYdx-e8=324)? Defense spending isn’t driving the US economy The US has been increasingly spending more on weapons and defense, even adding 0.28 percentage points to the 4.9% annualized economic growth the country saw in its latest quarter. But that’s not what was behind the booming economy (cue “Barbenheimer” and Taylor Swift). %2F%2Fqz.com%2Femails%2Fdaily-brief%2F1850974490%2Fthe-real-loser-of-the-uaw-deals%2F/5/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/QcxobuaCE03uyY3DTRrQICs-BVrCfhmIDQP05GQ0Nog=324 Graphic: (Tim Fernholz) While the defense business is doing well, it still faces concerns over supply chains to obtain key materials and components for weapons. [Quartz’s Tim Fernholz has the latest](%2F%2Fqz.com%2Fdefense-spending-isnt-what-s-driving-the-us-economy-1850967665%2F%3Futm_source=email%26utm_medium=Quartz_Daily_Brief_US%26utm_content=1850974490/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/JO0JutwrBc7peJ72xXjCUQbUnyI9NW6x3kpE2qKVt20=324). 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Every day, data brokers sell your personal info—phone number, SSN, DOB—to the highest bidder, from innocuous ad-targeting companies to ominous scammers. Fight back with the personal data removal service Incogni, which is offering Quartz readers a special discount. [Get digital peace of mind for 55% off today using code QUARTZ](%2F%2Fpubads.g.doubleclick.net%2Fgampad%2Fclk%3Fid=6405283088%26iu=%2F4246/2/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/lGCRNutRxpJ_qfDvndUOBSqs2g72PTE8HIaGZ3G7E4w=324) [advertisement][advertisement][advertisement] Surprising discoveries Gene therapy is allowing some deaf children in China to hear. One child who couldn’t hear [a chime that ended naptime](%2F%2Fwww.technologyreview.com%2F2023%2F10%2F27%2F1082551%2Fgene-treatment-deaf-children-hearing-china%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/Cz2Vfj0NL_YqFwQa-I0q6YEe9UZIlM6UT7be9zJSqDo=324) now can. The world’s biggest Spider-Man gathering occurred in Argentina. [More than 1,000 people](%2F%2Fwww.reuters.com%2Flifestyle%2Fspider-verse-argentina-fans-aim-break-record-biggest-spider-man-gathering-2023-10-30%2F/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/X78T5rf5h37wFARYyb6JwhYlJtq4Y15_y_Yb9Xpk2HI=324) in red and blue costumes took part in the meetup. The asteroid that killed the dinosaurs likely stopped plants from photosynthesizing. Fine dust that obscured the Sun possibly stopped the critical process for [two years](%2F%2Fwww.cnn.com%2F2023%2F10%2F30%2Famericas%2Fasteroid-dust-dinosaur-extinction-photosynthesis-scn%2Findex.html/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/tLWw3iiXNQ-XwrBp-ohT4fVyFfXzm8yUZVx9L0e47JU=324). The winner of Barbenheimer was neither Barbie nor Oppenheimer. [It was IMAX.](%2F%2Fwww.fastcompany.com%2F90973574%2Fwho-won-barbenheimer-faceoff-imax/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/IV18zX2G_fofC-V9JJUOyO1Vg3eIv7y6VDbYHsOOPRE=324) Anger can help people perform tough tasks. One explanation could be [a link between the emotion](%2F%2Fwww.theguardian.com%2Fscience%2F2023%2Foct%2F30%2Fanger-can-lead-to-better-results-when-tackling-tricky-tasks-study/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/A9LMJgkuS_-4GYlPHLHsfTfpL8474w5UP58i5EiREF8=324) and greater persistence. Did you know we have two premium weekend emails, too? One gives you analysis on the week’s news, and one provides the best reads from Quartz and elsewhere to get your week started right. You can get those by [becoming a member](%2F%2Fqz.com%2Fsubscribe%2Fplan/1/0100018b85297d94-c955af56-3aef-4f90-8461-2751ca786a5e-000000/TR4wrQps8a8BDI9HccpRcUctyv9p7oKs2YPeUHoZS_Y=324)—and take 20% off! Our best wishes for a productive day. Send any news, comments, Spider-Man costumes, and IMAX tickets to [talk@qz.com](mailto:talk@qz.com?cc=&subject=Daily%20Brief%20feedback%20&body=). Today’s Daily Brief was brought to you by Morgan Haefner. 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