💵 Divest from Israel?

Good morning. This is Shades of the Day, bringing you different shades of perspective in news and culture so that you can see the big picture quickly.

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It’s Friday, April 26 — here’s what you’ll find in today’s newsletter:

  • Canada’s capital gains tax hike

  • The debate over university divestment from Israel

  • 4 quick hits of news from the last 24 hours

- Jeff (co-founder of Shades)

🏠 Canada’s capital gains tax hike

🏠 Facing a housing affordability crisis, Fortune says Canada's capital gains tax hike targets the wealthy to fund solutions. But it could stifle innovation and investment.

🏠 Hold on, says The Toronto Sun: Trudeau's capital gains tax targets middle-class, not just the “super wealthy“.

🏠 Yahoo News: Canada's capital gains tax hike is a political ploy — it is not about fairness.

🏠 A Substacker disagrees. The tax is aimed at wealthy speculators, not the middle class.

🏠 And wealthy Canadians actually posted a statement in support — they claim that most Canadians support the tax hike too.

🏠 But a Redditor on r/TorontoRealEstate is worried for Canadian business anyway.

💵 Divest from Israel?

💵 Pro-Palestine student groups across the US are demanding universities divest from Israel. USA Today says protestors don't want their endowment funding Israel’s war.

💵 Is advocating for divestment effective? An AA Op says so: Boycott and divestments against Israel can lead to concrete change.

💵 But A WaPo Op disagreed: Divestment efforts have a limited impact. They're mostly symbolic.

💵 And the WSJ thinks the effort is futile: Colleges aren't interested in divesting from Israel. It poses fiduciary risks and sets a tricky precedent.

💵 Still, The Guardian says divestment has become a rallying cry for student activists: Protestors also demand divestment as a part of climate change efforts.

Shades poll: Should universities divest from Israel?

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4️⃣ Quick hits

💉 Three women contracted HIV from “vampire facial” procedures at an unlicensed Albuquerque spa, marking a first in cosmetic injection transmission.

🌏 US-China talks highlight efforts to manage differences amid growing tensions on various global issues.

⚖️ Alabama schedules July execution for Keith Gavin, convicted of killing a delivery driver in 1998.

🚗 US regulators are investigating Tesla's recall of 2 million vehicles over concerns with the Autopilot system.