Shout out to Zoe Saldana for her viral video on the continued plight in PR. The mega movie star shared some historical information about the American territory and made the case why it is every bit as important as every other region in America. There are parts of Puerto Rico that are doing better, but there are regions of the island that are still without power — the longest power outage in U.S. history. Meanwhile, Chef José Andrés and his charity, World Central Kitchen, have served over 3 million meals in PR since Maria hit the island and in the process have reinvented how recovery efforts in the future need to operate. Chef Andrés is a saint! We need to continue to step up and help PR.
“These Americans need our help” — Zoe Saldana.
This week, in a brief to the judge of a major antitrust lawsuit known as Nosalek, the U.S. Department of Justice called for decoupling buyer and seller agent representation. If the DOJ gets what it wants, it would mean that listing agents would no longer be permitted to share their commissions with agents representing buyers, and buyers would have to pay out of pocket to have an agent represent them.
If you’re not familiar with the Sitzer class action lawsuit against the National Association of Realtors and several of the largest real estate brands, it centers on how real estate agents are compensated. The lawsuit claims that the practice of seller and buyer agent cooperation or sharing of commissions is an anti-trust violation and has resulted in inflated commissions paid by consumers. While a jury in Missouri has already sided with the plaintiffs, the judge has not rendered a final verdict.
If you have been following the news on the recent resignation of the President of Harvard over her unfortunate congressional testimony on antisemitism on college campuses, you might have read Bill Ackman’s post on X (formally known as Twitter) which essentially blamed everything on Diversity, Equity and Inclusion (DEI) policies on college campuses. Ackman’s post was reposted by none other than Elon Musk, the owner of X, who wrote “DEI is just another word for racism. Shame on anyone who uses it”. Musk’s over-the-top response prompted Mark Cuban to jump into the conversation by defending DEI and calling it smart business. Cuban has since challenged Musk to a debate on the subject.