Tens of thousands at Burning Man told to conserve water and food after heavy rains leave attendees stranded in Nevada desert | CNN | What Makes a Cult a Cult? | SoFi to underwrite first big IPO after securing Instacart listing | Financial Times

View online | Unsubscribe (one-click). For inquiries/unsubscribe issues, Contact Us

You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Tens of thousands at Burning Man told to conserve water and food after heavy rains leave attendees stranded in Nevada desert | CNN - CNN    Tens of thousands of people attending the Burning Man festival in the Nevada desert are being told to conserve food, water and fuel as they shelter in place in the Black Rock Desert after a heavy rainstorm pummeled the area, festival organizers said. Attendees saw their campsites transformed by thick, ankle-deep mud and organizers halted vehicles from traveling in or out of the festival after heavy rains started saturating the area Friday evening. Some festival-goers hiked miles to reach main roads while others hoped storms forecast to hit the area overnight wouldn't worsen conditions. Hannah Burhorn, a first-time attendee at the festival, told CNN in a phone interview Saturday the desert sand has turned into thick clay and puddles and mud are everywhere. People are wrapping trash bags and Ziploc bags around their shoes to avoid getting stuck, while others are walking around barefoot. Continued here What Makes a Cult a Cult? - The New Yorker    Male cult leaders sometimes claim droit du seigneur over female followers or use physical violence to sexually exploit them. But, on the whole, they find it more efficient to dress up the exploitation as some sort of gift or therapy: an opportunity to serve God, an exorcism of “hangups,” a fast track to spiritual enlightenment. One stratagem favored by Keith Raniere, the leader of the New York-based self-help cult NXIVM, was to tell the female disciples in his inner circle that they had been high-ranking Nazis in their former lives, and that having yogic sex with him was a way to shift the residual bad energy lurking in their systems. According to Sarah Berman, whose book “Don’t Call It a Cult” (Steerforth) focusses on the experiences of NXIVM’s women members, Raniere was especially alert to the manipulative uses of shame and guilt. When he eventually retired his Nazi story—surmising, perhaps, that there were limits to how many reincarnated S.S. officers one group could plausibly contain—he replaced it with another narrative designed to stimulate self-loathing. He told the women that the privileges of their gender had weakened them, turned them into prideful “princesses,” and that, in order to be freed from the prison of their mewling femininity, they needed to submit to a program of discipline and suffering. This became the sales spiel for the NXIVM subgroup DOS (Dominus Obsequious Sororium, dog Latin for “Master of the Obedient Sisterhood”), a pyramid scheme of sexual slavery in which members underwrote their vow of obedience to Raniere by having his initials branded on their groins and handing over collateral in the form of compromising personal information and nude photos. At the time of Raniere’s arrest, in 2018, on charges of sex trafficking, racketeering, and other crimes, DOS was estimated to have more than a hundred members and it had been acquiring equipment for a B.D.S.M. dungeon. Among the orders: a steel puppy cage, for those members “most committed to growth.” Given that NXIVM has already been the subject of two TV documentary series, a podcast, four memoirs, and a Lifetime movie, it would be unfair to expect Berman’s book to present much in the way of new insights about the cult. Berman provides some interesting details about Raniere’s background in multilevel-marketing scams and interviews one of Raniere’s old schoolmates, who remembers him, unsurprisingly, as an insecure bully. However, to the central question of how “normal” women wound up participating in Raniere’s sadistic fantasies, she offers essentially the same answer as everyone else. They were lured in by Raniere’s purportedly life-changing self-actualization “tech” (a salad of borrowings from est, Scientology, and Ayn Rand) and then whacked with a raft of brainwashing techniques. They were gaslit, demoralized, sleep-deprived, put on starvation diets, isolated from their friends and families, and subjected to a scientifically dubious form of psychotherapy known as neurolinguistic programming. Raniere was, as the U.S. Attorney whose office prosecuted the case put it, “a modern-day Svengali” and his followers were mesmerized pawns. Continued here SoFi to underwrite first big IPO after securing Instacart listing | Financial Times - FT    SoFi, the Nasdaq-listed fintech, is underwriting its first mainstream initial public offering, almost two and a half years after it first claimed to be "weeks" away from breaking into a field dominated by large investment banks. The San Francisco-based company is working on the listing of grocery delivery app Instacart, which is expected to take place early this month, according to securities filings. It intends to offer shares to users of its retail investment app, according to two people involved in the deal. Winning a role on one of the most high-profile US listings of the year is a milestone for Sofi, but the slow road to reaching it highlights the challenges that have faced numerous efforts to improve retail access to IPOs. Continued here

You are receiving this mailer as a TradeBriefs subscriber. We fight fake/biased news through human curation & independent editorials. Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month If you still wish to unsubscribe, you can unsubscribe from all our emails here Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 437932464