Saturday, November 15
Headlines
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Walmart’s CEO of over a decade to retire. Walmart CEO Doug McMillon plans to step down early next year, handing over the reins of the country’s biggest retailer and private employer to John Furner. Furner currently heads up Walmart’s US business after starting at the chain in 1993 as an hourly associate. McMillon, who took up the top job in 2014, led Walmart as it upped its e-commerce game to better compete with Amazon and as it dealt with the pandemic. The company gained $576 billion in market capitalization during his tenure, according to the Wall Street Journal. The retail giant is set to report its latest earnings on Thursday.
Switzerland scores 15% tariff in trade deal with US. The two countries said yesterday that they’d reached a deal to slash the Matterhorn-high 39% tariffs Trump unexpectedly slapped on Swiss goods like chocolate, gold, and pharmaceuticals, down to the 15% level that EU countries are also facing. Under the terms of the agreement, Switzerland will invest $200 billion in the US by the end of 2028. The deal came together after billionaire Swiss executives bearing an engraved gold bar and Rolex clock came to Washington to personally lobby President Trump after government negotiations stalled.
Bankruptcy judge approves $7.4 billion Purdue Pharma opioid settlement. The judge said he would sign off on the deal next week, which will allow the OxyContin-maker to exit bankruptcy and settle lawsuits over the opioid’s impact against the company and the Sackler family that owns it. The decision on the latest plan comes after the Supreme Court rejected an earlier version because it let the Sackler family entirely off the hook for future opioid-related claims, even though some plaintiffs had not agreed to the settlement. In the new version, the Sacklers will contribute up to $7 billion over 15 years, and creditors who do not consent to the deal can still sue in civil court.—AR
At A Glance
Bookkeeping
> 374 people: Size of bagpipe ensemble that broke record for most people gathered to play bagpipes; performers played AC/DC's "It's a Long Way to the Top." (w/video)
> $4.4M: The final price fetched at a Geneva auction for a diamond brooch French emperor Napoleon lost after the Battle of Waterloo.
Browse
> Cheetos and Doritos go "naked," stripping artificial colors and flavors.
> Bangkok tops 2026 trending travel destinations.
> Old-school film is making a comeback in Hollywood.
> Scientists compare falling asleep to plunging off a cliff.
Listen
> Another week, another sports betting scandal. Why?
> Dissecting fads about fats.
Watch
> Best predictors of how well you'll age.
> Uses for birthstones, beyond making jewelry.
> Inside the US' only Michelin-starred tempura restaurant.
Long Read
> How the "Word of the Year" is chosen.
> Somewhat scientific analysis of why people don't return shopping carts.
> "Welcome to Maine. Tonight's dinner special is the invasive crab."
Most Clicked This Week: See the recently discovered world's biggest spiderweb.
Historybook: Articles of Confederation is adopted by Continental Congress (1777); Artist Georgia O’Keeffe born (1887); Famed anthropologist Margaret Mead dies (1978); Mircosoft releases first Xbox gaming console (2001); World population tops 8 billion (2022).
In The NEWS
Sports, Entertainment, & Culture
> Taylor Swift releases first trailer for docuseries airing Dec. 12 (More) | NBCUniversal to launch cable sports channel next week, including live NBA, WNBA, MLB, Premier League, and college football broadcasts (More)
> Arkansas athletic director Hunter Yurachek tapped as College Football Playoff chair after Baylor's Mack Rhoades resigns amid university probe (More) | New Jersey officials arrest 14 people tied to alleged sports betting ring involving Mafia and student-athletes (More)
> New York Yankees' Aaron Judge and Los Angeles Dodgers' Shohei Ohtani win MLB's American League and National League awards for second year in a row; Judge edges Seattle Mariners' Cal Raleigh for the honor (More)
Science & Technology
> Anthropic says Chinese hackers used its Claude chatbot to target roughly 30 companies and government agencies in first documented cyberattack largely executed with artificial intelligence (More)
> Aerial imaging reveals bird flu decimated roughly 47% of South Georgia's breeding female elephant seals between 2022 and 2024; research suggests virus continues to spread among birds and mammals in the Antarctic (More)
> Researchers find bacterium causing Lyme disease becomes vulnerable when starved of or overloaded with manganese, a discovery that could inspire new disease treatments (More)
Business & Markets
> US stock markets close lower (S&P 500 -1.7%, Dow -1.7%, Nasdaq -2.3%); all three indexes suffer worst day since Oct. 10, weighed down by tech losses and concerns over Federal Reserve potentially pausing rate cuts (More)
> Verizon to cut roughly 15,000 jobs, or 15% of its workforce, representing the largest layoffs in the company's history (More)
> IRS raises limits for 401(k) and other retirement plans, increases catch-up contributions for people aged 50 and up (More) | The best resources we've found on 401(k) plans (1440 Topics) | ... and on individual retirement accounts (1440 Topics)
Politics & World Affairs
> Senior officials present President Donald Trump with military options against Venezuela, including land strikes, after the US conducted its 20th strike against alleged narcotrafficking boats (More)
> Justice Department sues California Gov. Gavin Newsom (D) over redrawn congressional districts, alleges racial gerrymandering to favor Hispanic communities (More)
> Civil rights activist Jesse Jackson is hospitalized with a rare neurodegenerative disorder (More)
SOURCE: 1440 NEWS
We Make Them Wealthy
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We, as Americans, have a tendency to look at just the super wealthy, wishing they would share their money with the rest of us so we wouldn't be so financially bad off...
While I understand that motivation, the ONE PERCENT, are not really the problem in our society.
It is the people below them and the people in the upper middle class that we have to watch out for because they are wanting to use our ignorance to get us to pay them more so they can reach that ONE PERCENT.
Let me explain:
Insurance companies want/need your money so that they can continue to grow and get wealthier. They use your monthly premiums to pay the claims of older people, betting they will still make a profit.
The same is true for companies that try to sell you warranties for your car in case you have high repair bills. Your monthly payments give them the money they need to pay the claims, still leaving them with a profit. If you paid yourself instead of them, you could pay for your own repairs.
Think about this:
When you read the newspaper, watch cable or satellite television, or watch a movie or series, you are constantly interrupted by commercials. Advertisers pay for the right to have an opportunity to convince you to buy something from them. They keep advertising because you keep buying from them.
These advertising count on your laziness and desire to shop from the comforts of your own home while sitting in a recliner.
Taylor Swift is a BILLIONAIRE, because you the general public, bought her music, attended her concerts, and gave her YOUR MONEY...
It is YOU, the GENERAL PUBLIC, who makes the people become millionaires and billionaires... They don't get there without YOU and YOUR MONEY.
How to understand Einstein’s relativity without math
120 years ago, a revolution took place in physics that — to an outsider — might seem like an inconsequential matter. 120 years ago, Einstein put forth his special theory of relativity, asserting that neither space nor time were absolute quantities, but rather the answers you’d get for measuring distances, positions, and durations would be dependent on your location and relative motion.
The only absolute, Einstein contended, was the speed of light in a vacuum. This was indeed a revolutionary statement, but the formulas for working out how distances and durations changed in a velocity-dependent way, especially as you approached the speed of light, had already been worked out over a decade prior: the Lorentz transformations.
Friday, November 14
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