Tuesday, July 22
Headlines
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Stellantis says it will lose $2.7b, partly because of tariffs. Jeeps may be all-terrain vehicles, but the company that makes them is struggling in the current market landscape. Yesterday, the automaker announced a surprise loss for the first half of the year, fueled in part by a $350 million hit from new US tariffs and costly turnaround efforts at the company. A 25% tariff on imported cars and auto parts took effect on April 2, and the company said its shipments to North America declined by 25% in the second quarter compared to the same period last year. A company exec said Stellantis would likely have to raise car prices soon, noting “tariffs are inherently inflationary.” It was the car company’s first earnings report released under its new CEO, who took over last month.
Judge questions whether slashing Harvard’s funding is constitutional. Lawyers for Harvard University and the Trump administration argued in a federal court yesterday in the school’s lawsuit challenging the government’s decision to strip more than $2 billion in funding from the school over what it claims was an inadequate response to antisemitism on campus. Harvard asserted that its constitutional rights were being violated, while the government’s lawyer (a Harvard grad) said the university had violated its contracts, so the government could nix them. But the judge expressed skepticism, saying, “It seems to be your idea that you can terminate a contract even if the basis for termination is a constitutional violation.”
Cosby Show star Malcolm-Jamal Warner dies at age 54. The actor reportedly drowned on Sunday after getting caught in a strong current while swimming in Costa Rica on a family trip. He was best known for his role as Bill Cosby’s son Theo Huxtable as a teenager on the iconic ’80s show, though Warner told the AP in 2015 that the show’s legacy had been “tarnished” by the subsequent sexual assault allegations against Cosby. Warner continued to work steadily after the show’s eight-year run and went on to star in other sitcoms, such as Malcolm & Eddie and Read Between The Lines. In his personal life, he had a wife and daughter, but chose to keep their identities private.—AR
Robert Reich
The Trump regime is using the specter of socialism to make America even more authoritarian. The regime will lose.
Friends,
When Secretary of Homeland Security Kristi Noem unleashed her ICE shock troops on Los Angeles last month, she said: “We are not going away. We are staying here to liberate this city from the socialist” leaders.
Minutes later, California Senator Alex Padilla was forcibly removed from the press conference and put in handcuffs.
The specter of socialism is being used by Trump and his goons to make America even more authoritarian.
Trump even threatens to “run” New York City if its voters choose Zohran Mamdani — a Muslim of Indian descent and avowed democratic socialist — as their next mayor. “We have tremendous power at the White House to run places when we have to,” says Trump, warning that he might step in and take control if New Yorkers elect Mamdani.
Trump is using the word “socialism” to slam everything the public needs and to justify cruel cuts in the nation’s safety net.
At A Glance
How people spend their time throughout the day.
China begins building world's largest hydropower dam.
A potential fix for America's public bathroom crisis.
The ways people say hello, from bowing to bumping noses.
YouTuber turns plastic toy into a calculator.
Pumpkin spice latte season begins Aug. 26.
How to have a "dumb phone summer."
Flock of ducks crashes a wedding. (w/photos)
Clickbait: Optimists are on the same wavelength.
In The NEWS
Sports, Entertainment, & Culture
> Golf world No. 1 Scottie Scheffler cruises to victory by four strokes at British Open to win his fourth major championship (More)
> Alan Bergman, Oscar-, Emmy-, and Grammy-winning songwriter for performers including Frank Sinatra and Barbra Streisand, dies at age 99 (More) | Eileen Fulton, actress who starred in "As the World Turns" for 50 years, dies at age 91 (More)
> Minnesota Lynx's Napheesa Collier leads Team Collier to 151-131 victory over Team Clark in WNBA All-Star Game (More) | Mario Barrios draws with Manny Pacquiao to retain WBC welterweight title; Pacquiao, 46, was attempting to become oldest boxer to win welterweight world championship (More)
Science & Technology
> Environmental Protection Agency to shutter research and development arm, carry out reduction in force targeting 23% of agency's overall staff (More)
> Engineers demonstrate 3D-printed stainless steel components that can withstand radiative environments found in nuclear reactors; milestone may help further innovative new reactor designs (More)
> British scientists begin study of Antarctic ice cores believed to be up to 1.5 million years old; analysis expected to shed light on temperature and climate conditions during the period (More) | What was the Mid-Pleistocene Transition? (More)
Business & Markets
> US stock markets close mixed Friday (S&P 500 -0.0%, Dow -.3%, Nasdaq +0.1%) amid report President Donald Trump is pushing for EU tariffs of at least 15% (More)
> President Donald Trump signs law on regulating dollar-pegged stablecoins, enabling banks and other entities to begin issuing the digital currencies (More) | See previous write-up (More)
> Uber invests $300M in bid to compete with Waymo and Tesla; will secure 20,000 electric vehicles from startup Lucid, purchase self-driving software from tech startup Nuro (More)
Politics & World Affairs
> Car rams into crowd outside Los Angeles Saturday, injuring at least 30 people; officials are investigating the action as an intentional attack, have not yet publicly identified a motive (More)
> Bedouin fighters withdraw from Druze-majority city of Sweida in southern Syria as truce to end weeklong fighting appears to hold, as of this writing (More)
> Tourist boat in Vietnam capsizes during sudden thunderstorm, killing at least 35 people with four others missing (More) | South Korea floods and landslides kill at least 17 people (More)
SOURCE: 1440 NEWS
Management
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What is management?
According to Google's AI:
Management is the process of coordinating activities to achieve organizational goals, encompassing planning, organizing, directing, and controlling resources. It involves guiding and motivating employees, ensuring efficient resource allocation, and making strategic decisions to drive the organization forward. Essentially, management is about getting things done effectively and efficiently through others.That is exactly what all the business textbooks say regardless of the author(s) or publishers.
ACHIEVING GOALS is the key word here is the key word here, but who's goals?
- President/CEO
- Chairman of the Board
- Board members
- Stockholders
- Upper management
- Middle management
- Lower management
- Employees
- Customers
The President/CEO is measured every NINETY DAYS...
Curiously, stock dividends are distributed every NINETY DAYS...
Coincidence???
Most companies have the following goals:
- Increase revenue
- Increase MarketShare
- Decrease expenses
- Open new markets
- Develop new products
- Understand your competition
NOTE:
1. what is not always shared is the percentage by which management demands an increase/decrease. 5% - 10% - 20% - higher
2. a high percentage demand causes employees at all levels to fudge the numbers
3. a high percentage causes company to use the concept of built in obsolescence - or make a product that is designed to crap out after 3-5 years forcing repeat business
None of the textbooks or AI writes about that. So where does AI get its information?
Scientists Confirm the Incredible Existence of Time Reflections
The explanation of spatial reflections—whether by light or by sound—are pretty intuitive. Electromagnetic radiation in the form of light or sound waves hit a mirror or wall, respectively, and change course.
This allows our eyes to see a reflection or echo of the original input. However, for more than 50 years, scientists have theorized that there’s another kind of reflection in quantum mechanics known as time reflection.
This term might conjure up images of a nuclear-powered DeLorean or a particular police box (that’s bigger on the inside), but that’s not quite what scientists mean by the term. Instead, time reflections occur when the entire medium in which an electromagnetic wave travels suddenly changes course. This causes a portion of that wave to reverse and its frequency transforms into another one.
This term might conjure up images of a nuclear-powered DeLorean or a particular police box (that’s bigger on the inside), but that’s not quite what scientists mean by the term. Instead, time reflections occur when the entire medium in which an electromagnetic wave travels suddenly changes course. This causes a portion of that wave to reverse and its frequency transforms into another one.
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