Monday, August 16, 2021

WOR;D NEWS WITH BREW AND HEADLINES

Trump Calls on Biden to Resign
(Getty Images)
Former President Donald Trump on Sunday called on President Joe Biden to "resign in disgrace" over the rapid collapse of the U.S.-backed Afghan government following the pullout of American troops. [Full Story]
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Newsfront
Fauci: 'Put Aside' Concerns of Personal Liberties to Fight COVID-19
Dr. Anthony Fauci on Sunday urged Americans to "put aside" their concerns of personal liberties and recognize the common enemy: COVID-19.... [Full Story]
North Korea Asks China to Unite Against US

North Korea Asks China to Unite Against US

South Korea and the United States will resume their annual military [Full Story]
Biden Administration Approves Record Increase in Food Stamps

Biden Administration Approves Record Increase in Food Stamps

Average benefits for the food stamp program are set to rise $36 from [Full Story]
Drink 1 Cup Before Bed, Watch Your Body Fat Melt Like Crazy

Drink 1 Cup Before Bed, Watch Your Body Fat Melt Like Crazy

SPONSOR: Doctors stunned: 98lb weight loss discovery [Full Story]
Malaysian PM Expected to Resign after Months of Political Turmoil

Malaysian PM Expected to Resign after Months of Political Turmoil

Malaysian Prime Minister Muhyiddin Yassin is expected to step down on [Full Story]
California Fire Threatens Homes as Blazes Burn across West

California Fire Threatens Homes as Blazes Burn across West

Thousands of Northern California homes were threatened Sunday by the [Full Story]
Biden's 'Anti-Science' Border Approach 'Jeopardizing American Lives'

Biden's 'Anti-Science' Border Approach 'Jeopardizing American Lives'

The Biden administration's lax immigration policies have fueled not [Full Story] |
What God Told Ex-President Trump is A Biblical Bombshell

What God Told Ex-President Trump is A Biblical Bombshell

SPONSOR: This Biblical bombshell has Democrat's running. Watch now [Full Story]
China Expert: Xi Knew From Beginning COVID Was Highly Contagious

China Expert: Xi Knew From Beginning COVID Was Highly Contagious

Chinese President Xi Jinping lied to the international community [Full Story]
Border Security Key for Belarus' Neighbors as European Migrant Crisis Looms

Border Security Key for Belarus' Neighbors as European Migrant Crisis Looms

As Europe sees signs of a coming migration crisis - potentially [Full Story] | |
Liberal Verbally Assaults Woman for 'Identifying as Vaccinated'

Liberal Verbally Assaults Woman for 'Identifying as Vaccinated'

SPONSOR: A shocking encounter between liberal and republican! [Full Story]
Trump Calls on Biden to Resign

Trump Calls on Biden to Resign

Former President Donald Trump on Sunday called on President Joe Biden [Full Story]
Ex-Gov Paterson: Hochul to Change 'Whole Make-Up' of Office

Ex-Gov Paterson: Hochul to Change 'Whole Make-Up' of Office

Former New York Gov. David Paterson says New York Lt. Gov. Kathy [Full Story]
You Need to Know This if You Take Vitamin D for Immunity

You Need to Know This if You Take Vitamin D for Immunity

SPONSOR: Traveling or going out? Do this free immunity test daily! [Full Story]
Pelosi Blasted for Afghanistan Statement Praising Biden 'Wisdom'

Pelosi Blasted for Afghanistan Statement Praising Biden 'Wisdom'

A statement on Afghanistan by House Speaker Nancy Pelosi, D-Calif., [Full Story]
Gizzi: 'A Trump Without the Tweets' Favored by RNC For '24

Gizzi: 'A Trump Without the Tweets' Favored by RNC For '24

Numerous RNC members who hailed former President Donald Trump's [Full Story]
Paxton Faults Record Border Migration on COVID Rise in Texas

Paxton Faults Record Border Migration on COVID Rise in Texas

Texas Attorney General Ken Paxton on Sunday said COVID-19 numbers are [Full Story]
Cuomo Accuser Assails Decision Not to Pursue Impeachment

Cuomo Accuser Assails Decision Not to Pursue Impeachment

A woman who accused New York Gov. Andrew Cuomo of inappropriate [Full Story]
Florida Nursing Homes Tighten Visitor Restrictions Amid COVID Rise

Florida Nursing Homes Tighten Visitor Restrictions Amid COVID Rise

Florida nursing homes are again tightening visitor restrictions and [Full Story]
Kudlow: Middle Class to 'Pay Virtually Every Nickel' of $3.5T Budget

Kudlow: Middle Class to 'Pay Virtually Every Nickel' of $3.5T Budget

Calling the Senate's $3.5 trillion reconciliation bill "the worst [Full Story]
Rural Population Losses Add to Farm and Ranch Labor Shortage

Rural Population Losses Add to Farm and Ranch Labor Shortage

Rural America lost more population in the latest census, highlighting [Full Story]
Cardinal Burke on Ventilator for COVID

Cardinal Burke on Ventilator for COVID

Cardinal Raymond Leo Burke, 73, has been put on a ventilator amid a [Full Story]
Florida Cop, 27, Dies of COVID, Leaves Behind 2-Year-Old Daughter

Florida Cop, 27, Dies of COVID, Leaves Behind 2-Year-Old Daughter

A Fort Lauderdale, Florida, police officer has died from COVID-19 [Full Story]
Death Toll From Haiti Quake Hits 724 as Tropic Storm Looms

Death Toll From Haiti Quake Hits 724 as Tropic Storm Looms

The death toll from a devastating earthquake in Haiti rose to 724 on [Full Story]
Infectious Disease Expert: Delta Variant Makes Outdoor Gatherings More Risky

Infectious Disease Expert: Delta Variant Makes Outdoor Gatherings More Risky

A top infectious disease researcher on Sunday said the highly [Full Story]
Canada's Trudeau Triggers Snap Election Set for Sept. 20

Canada's Trudeau Triggers Snap Election Set for Sept. 20

Prime Minister Justin Trudeau triggered an election Sunday as he [Full Story]
Musk Says Starship Orbital Stack Ready for Flight in Few Weeks

Musk Says Starship Orbital Stack Ready for Flight in Few Weeks

SpaceX founder Elon Musk said on Saturday the first orbital stack of [Full Story]
Man Stabbed, Reporter Attacked at Anti-Vax Mandate Protest in LA

Man Stabbed, Reporter Attacked at Anti-Vax Mandate Protest in LA

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Sen. Tom Cotton: Laxalt Key to GOP Flipping Senate

Sen. Tom Cotton: Laxalt Key to GOP Flipping Senate

U.S. Sen. Tom Cotton told a crowd of about 4,000 Republicans that [Full Story]
Biden Ups Forces for Afghan Evacuation 1,000 to 5K

Biden Ups Forces for Afghan Evacuation 1,000 to 5K

President Joe Biden said Saturday he had approved additional military [Full Story]
Israel Condemns Poland Restitution Law, Recalls Top Diplomat

Israel Condemns Poland Restitution Law, Recalls Top Diplomat

Israel on Saturday condemned Poland's approval of a law that [Full Story]
Cyber Leader Calls for Nonpartisan Path to Securing the Vote

Cyber Leader Calls for Nonpartisan Path to Securing the Vote

Those entrusted with securing the nation's voting systems must remain [Full Story]
Storm Fred Expected to Strengthen as it Aims for Florida Panhandle

Storm Fred Expected to Strengthen as it Aims for Florida Panhandle

The remnants of Storm Fred were moving across the Gulf of Mexico on [Full Story]
Martha's Vineyard Sees COVID Spike After Obama Bash

Martha's Vineyard Sees COVID Spike After Obama Bash

Martha's Vineyard is experiencing a COVID-19 spike with 74 people [Full Story]
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Finance
US Postal Service Proposes Some Temporary Holiday Shipping Price Hikes

US Postal Service Proposes Some Temporary Holiday Shipping Price Hikes

The United States Postal Service (USPS) said on Tuesday it is proposing to temporarily hike prices for some package shipments for the 2021 peak holiday season.USPS said the rate changes were similar to 2020. The proposed hikes that cover priority mail and other package... [Full Story]
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Health
Some Diabetes Meds Might Also Lower Alzheimer's Risk

Some Diabetes Meds Might Also Lower Alzheimer's Risk

Older adults who take certain diabetes drugs may see a slower decline in their memory and thinking skills, a new study suggests. Researchers in South Korea found that among older people... [Full Story]
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Daily Brew

TOGETHER WITH

Fundrise

Good morning. Happy Monday? 

MARKETS: YEAR-TO-DATE


Nasdaq

14,822.90

S&P

4,468.00

Dow

35,515.38

Bitcoin

$47,621.01

10-Year

1.274%

JPMorgan

$159.98

*Stock data as of market close, cryptocurrency data as of 9:00pm ET. Here's what these numbers mean.

  • Markets: The trend to watch on Wall Street is whether financial and energy companies (the ones most tied to the fortunes of the US economy) will continue to outperform high-flying tech companies. The Dow and S&P begin the week following record closes on Friday.
  • Covid: The US administered nearly 1 million vaccine doses on Saturday, the most since early July. But new Covid hospitalizations for Americans 30–39 have hit a record rate. Meanwhile, vaccination leader Iceland is seeing a surge, though a vast majority of the cases are mild. 

GEOPOLITICS

The Cost of War

US helicopter in Afghanistan

WAKIL KOHSAR/AFP via Getty Images

The Taliban has effectively taken power in Afghanistan after insurgents captured Kabul, the capital city, yesterday. President Ashraf Ghani fled the country, and American diplomats and Afghan civilians were scrambling to get out as conditions rapidly deteriorated around the airport.

The US government said it’s deploying nearly 6,000 troops to facilitate evacuations via military and civilian flights over the next two days.

Big picture: Since the US invasion in 2001, more than 47,000 Afghan civilians and nearly 2,500 US troops have died in the conflict.

The war has also cost the US an astronomical sum—$2.26 trillion to be exact, according to the Brown University Costs of War project.

  • That includes $815.7 billion in direct war-fighting costs and $143 billion for nation-building, including infrastructure projects and training Afghan military forces. 

But instead of raising money through war bonds or raising taxes as it has for previous wars, the US paid for its post-9/11 military actions through general government revenue, which means it needed to borrow heavily. The government has already forked over roughly $530 billion in interest, and total debt payments are estimated to balloon to $6.5 trillion by 2050, according to the Costs of War project.

What is there to show for it?

Very little. The Afghan poverty rate increased to 47% in 2020, up from 36% in 2007 when World Bank records began. Schools, hospitals, and dams built by Americans have been largely ineffective. The US-trained Afghan military was easily overwhelmed by the Taliban’s advance in a matter of weeks.  

  • A few noticeable improvements in Afghanistan over the past two decades include increased life expectancy (56 years → 64) and a jump in the literacy rate (rising 8%, to 43%).

Looking ahead...the costs outlined here are really just the tip of the iceberg. For example, the US will need to continue to provide care for veterans wounded in the Afghanistan and Iraq wars for decades to come. That expense, which will total more than $2 trillion, is not expected to peak until after 2048, according to Linda Bilmes of Harvard University’s Kennedy School.

+ Further reading: How America failed in Afghanistan and who are the Taliban? 

        

COVID

In a Vaccine State of Mind

NYC

Getty Images

Starting today, you cannot enter a New York City restaurant, gym, or entertainment venue without showing proof that you are prepared to spend one bazillion dollars...and that you’ve received at least one dose of a Covid vaccine. 

The vaccine requirement is the first of its kind in a major US city, but it’s not the only one on the docket.

  • San Francisco is rolling out its vax mandates on Friday, which are even stricter than New York’s in that they require proof of full vaccination to enter many indoor businesses.
  • And while drinking inside is not required (or even recommended) in New Orleans, beginning today you’ll have to show that you’re vaccinated or that you recently tested negative for Covid to do it and other indoor activities in the Big Easy.

Zoom out: The recent Delta-fueled Covid wave is causing local governments—especially those whose economies rely on tourism—to take stronger action to make sure residents and visitors feel safe when they’re standing shoulder-to-shoulder at a bar. It’s all the more urgent considering consumer confidence plunged to its lowest level since 2011 in July.

        

WORK

Two Jobs, One Person

GIF from the movie Sorry to Bother You

Giphy

We all have that one friend who used the pandemic as cover to work two jobs at once without telling either employer.

Oh...we don’t? Well, they exist. 

The Wall Street Journal talked to six white-collar workers who are secretly juggling two remote jobs at once. It is legal, according to employment experts, though obviously if you’re found out you’re likely to be fired.

How does it work exactly? 

  • Some of the workers told the WSJ they use color-coded browser windows or multiple devices to keep their tasks separate.
  • But slipups can happen. One double-dipping employee said that they unmuted a speaker while on simultaneous meetings and for five seconds a meeting at one job could hear a meeting at the other.

The catalyst: Some multiple-job employees said they were emboldened by Overemployed, a website dedicated to helping people work two jobs at once and achieve “financial freedom.” On the site, you’ll find helpful blog posts like, “How to set low expectations at your two remote jobs,” and “12 rules for working two remote jobs” (Rule #1: Don’t talk about working two jobs).

Bottom line: While offering remote positions can open up new talent pools for employers, it can also lead to apathy in employees and a sense of disconnect from their jobs.

        

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So go ahead and take the leap, check out Fundrise today.

GRAB BAG

Key Performance Indicators

Bitcoin rally

Giphy

Stat: The market capitalization of all cryptocurrencies once again rose above $2 trillion on Saturday, a comeback propelled in part by individual traders piling into altcoins (cryptos other than bitcoin). 

Quote: “A number of times I crossed the line to where it was copyright infringement. I own that.”

David Mikkelson, the CEO and cofounder of the fact-checking site Snopes.com, apologized after an investigation found he published 54 articles with plagiarized material between 2015–2019. 

Read: Inside the secretive, semi-illicit, high stakes world of WhatsApp mango importing. (Eater)

        

CALENDAR

The Week Ahead

A pretty quiet week on the business calendar. Checks out for late August. 

Earnings: Walmart, Home Depot, Target, Macy’s, and Kohl’s highlight a big earnings week for the retail sector. Investors will be paying attention to their comments on how the Delta variant is impacting consumers.

Economic data: After posting a surprise bump in June, retail sales are forecasted to have dropped 0.2% in July. We’ll find out the actual number on Tuesday.

Tesla AI Day: The auto company is holding an invite-only event on Thursday to tout its advances in artificial intelligence...beyond cars. CEO Elon Musk, who’s giving the keynote, has said that people will start thinking of Tesla as an “AI robotics” company instead of just an electric car company.

        

WHAT ELSE IS BREWING

  • A 7.2-magnitude earthquake hit Haiti, killing more than 1,200 people and demolishing countless buildings. Rescuers are rushing to look for survivors before Tropical Depression Grace hits the island later this week.
  • T-Mobile is investigating hackers’ claims that they have gained access to the personal data of more than 100 million people, per Motherboard.
  • Ford escalated its fight with GM over trademarks for the terms “Cruise” and “Super Cruise.”
  • Free Guy, an action comedy starring Ryan Reynolds, earned a surprising $28.4 million at the North American box office this weekend, taking the top spot. 

SPONSORED BY M1 FINANCE

M1 Finance

Ready to level up your finances? We have just the ticket—well, videos—for you. Watch our 4-part series, M1nute Money Masterclass. They each take about a minute (obvs) and will help you learn a thing or two about creating a financially fulfilled future. 

Check them out:

 

BREW'S BETS

Pod rec: What’s the connection between Covid and kids’ birthday parties? We didn’t know there was any until listening to Freakonomics, M.D. hosted by the sensational Dr. Bapu Jena, a PhD from UChicago and a medical school professor at Harvard. Check out all the episodes here.

Dive back into the week.

GAMES

The Puzzle Section

Kriss Kross: The theme for today's puzzle is a holiday that takes place 101 days from now. See what it is here.

Nutritional Facts

For today's Nutritional Facts, we're stepping away from the world of food and into the world of...well, can you guess the product from the following ingredient list? 

SD Alcohol 40-B, Acrylates/Octylacrylamide Copolymer, Caprylyl Glycol, Aloe Barbadensis Leaf Extract, Retinyl Palmitate (Vitamin A), Ascorbic Acid (Vitamin C), Tocopheryl Acetate (Vitamin E), PEG-8 Dimethicone, Sodium Propoxyhydroxypropyl, Thiosulfate Silica, Octyldodecanol, Silica, Fragrance.

FROM THE CREW

It’s About to Get Personal

Money Scoop promo

Tomorrow is a big day here in the Brewniverse. We’re launching Money Scoop, our new personal finance newsletter. Every Tuesday and Thursday, our writer/CPA (but like, the cool kind) Ryan, will discuss anything and everything you want to know about student loans, mortgages, portfolio management, retirement planning, and a million other things. Make sure you’re subscribed so you don’t miss an issue. It could just be the most lucrative newsletter you ever read.

Subscribe to Money Scoop before tomorrow’s first issue here.

ANSWER

Banana Boat Sport SPF 50 sunscreen. (Only partial credit if you guessed the wrong SPF.)

 

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Encyclopaedia Britannica | On This Day
August 16
Madonna

FEATURED BIOGRAPHY

Born On This Day

Madonna

American singer and actress
READ MORE
Joaquín Balaguer and Leonel Fernández Reyna

FEATURED EVENT

1996

Leonel Fernández Reyna inaugurated as president of the Dominican Republic
READ MORE

MORE EVENTS ON THIS DAY

Aretha Franklin
2018: American singer Aretha Franklin, who defined the golden age of soul music of the 1960s and was known as the “Queen of Soul,” died at age 76. [Take our music quiz.]

João Havelange
2016: Brazilian businessman and sports official João Havelange—who served as president (1974–98) of FIFA, the governing body of football (soccer), and transformed it into one of the world's largest and most powerful sports organizations but was later implicated in a massive corruption scandal—died at age 100. [Sort fact from fiction in our football (soccer) quiz.]

Idi Amin
2003: Ugandan military officer Idi Amin—who assumed the country's presidency (1971–79) following a coup and became known as the “Butcher of Uganda” for his brutality—died in Saudi Arabia. [Test your knowledge of African leaders.]

Elvis Presley in Elvis: The Comeback Special
1977: American singer Elvis Presley, known as the “King of Rock and Roll,” died of a heart attack brought on largely by drug abuse. [How much do you know about rock and roll?]

Cyprus
1960: The island of Cyprus became an independent republic. [Sort fact from fiction in our quiz about islands.]

James Cameron
1954: Canadian filmmaker James Cameron—who was known for his expansive vision and innovative special-effects movies, notably Titanic (1997) and Avatar (2009)—was born. [Take our film buff quiz.]

ALSO BORN ON THIS DAY

1958

Madonna

American singer and actress

1962

Steve Carell

American comedian and actor

1954

James Cameron

Canadian filmmaker

1888

T.E. Lawrence

British scholar and military officer

1920

Charles Bukowski

American writer

1923

Shimon Peres

prime minister and president of Israel

SEE ALL BIOS ON THIS DAY

 

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