From TradeBriefs <[email protected]>
Subject 'Travel is too expensive right now': Americans are spending less or skipping trips altogether - Aug 20, 2024
Date August 20, 2024 1:54 PM
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-------------------------

The top stories being read around the world right now!

From the Editor's Desk

5 Ways Disengagement Hurts Your Career, And How To Fix It - Forbes (No
paywall)

Learn the signals that you're disengaged and how it hurts your career.
Discover how to reengage and rebuild your career and credibility.

Continued here [[link removed]}&lead=419599&emailid=52294&nl=daily]

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Work

'Travel is too expensive right now': Americans are spending less or
skipping trips altogether
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

While their parents saved for wedding rings, homes and a nest egg to
cover six months of expenses in their 20s, the Gen Z mindset is still
more about seizing the day, rather than saving for a rainy one.

Work

Hybrid Work: How Leaders Build In-Person Moments That Matter | Brian
Elliott
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
As hybrid work programs continue to grow in popularity and full-time
office work declines, many leaders and companies are still struggling
with a tough question: What are the right patterns for getting people
together?















Work

What Does Zelensky Want in Kursk? - Foreign Policy (No paywall)
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Analysis: What Does Zelensky Want in Kursk?

Work

What Seniors Need To Know About Reverse MortgagesFrom Taxes To Catches
- Forbes (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Reverse mortgages are a creature of federal law. As part of the
Housing and Community Development Act of 1987, the Federal Housing
Administration (FHA) became responsible for insuring reverse
mortgages. The program was initially designed to "meet the special
needs of elderly homeowners by reducing the effect of the economic
hardship caused by the increasing costs of meeting health, housing,
and subsistence needs at a time of reduced income."














Work

Wildfires: Researchers hope drone swarms will prevent infernos
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
A team of firefighters, scientists and engineers are working on a
project they say will allow swarms of up to 30 autonomous planes to
spot and extinguish fires by working collectively using artificial
intelligence.

Work

Sicily yacht sinking: Morgan Stanley boss Jonathan Bloomer among
missing [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Morgan Stanley International bank chairman Jonathan Bloomer and
Clifford Chance lawyer Chris Morvillo are among the six people missing
after a luxury yacht sank in a storm off Sicily on Monday, Sicily's
Civil Protection told the BBC.














Work

This coral reef has given scientists hope for years. Now they're
worried.

Work

Trump Shares AI-Generated Taylor Swift Endorsement
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[[link removed]}&lead=419599&emailid=52294&nl=daily]
“I accept!” the former President posted on his social media
platform Truth Social on Sunday, along with a collage of images from
the internet—including some apparently generated by artificial
intelligence—showing the TIME Person of the Year dressed as Uncle
Sam and saying “Taylor wants you to vote for Donald Trump” as well
as numerous Swift fans expressing their support for the Republican
presidential nominee.














Work

How to see Katmai's famous brown bears up close--and stay safe -
Travel (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
A mother bear and her cub amble toward us across the grassland. The
cub—a shaggier, blonder miniature of the mother—is in its second
summer here in Hallo Bay on the coast of Alaska’s Katmai National
Park. It mirrors mom’s adult behavior but is still playful,
affectionate. Now the cub snuggles against her, and they sit down
facing away from us and curl up for a nap. They’re completely,
almost radically, at peace with our presence.

Work

The mysterious middle-men helping Russia's war machine - The Economist
(No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
RUSSIA IS PLANNING for decades of Western sanctions, a senior
foreign-ministry official, Dmitry Birichevsky, said last week. The
evidence suggests that might not be too much of a problem. The economy
is growing smartly, at an annualised rate of 4% in the second quarter,
after a whopping 5.4% the quarter before, despite one of the toughest
regimes ever imposed. Trade continues to flourish. How come?














Work

IRS Issues Guidance On Retirement Plan Matches Based On Student Loan
Payments - Forbes (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
The IRS has issued interim guidance for a new opportunity for
taxpayers created under SECURE 2.0 that allows employers to make
matching contributions to retirement plans based on employees' student
loan payments. The match amount is calculated as if the employee
contributed their loan amount to the plan even if they did not make
any elective contributions.

Work

The Business Roundtable's Stakeholder Pledge, Five Years Later -
Harvard Business Review (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Five years ago, the Business Roundtable issued a statement pledging to
“lead their companies for the benefit of all stakeholders.” In the
past five years, stakeholderism has gained wider acceptance and helped
many corporate leaders see the value of taking the interests of their
stakeholders seriously when planning, developing strategy, making
decisions, assessing risks, allocating resources, and so on. But that
is a far cry from replacing shareholder capitalism as the central
organizing principle for U.S. companies. For that to happen, much more
is required. Proponents will need to define more clearly what
stakeholder capitalism is, strengthen its theoretical foundations, and
develop a playbook for implementing it, including metrics for
measuring performance and guidelines for making tradeoffs. They will
also need to build an ecosystem of investors, executives, directors,
advisors, and other professionals (lawyers, bankers, accountants,
analysts, and so on) who understand and support it, embed its precepts
in law and regulation, and educate future leaders in its tenets and
practices.














Work

The Atlantic is cooling at record speed and nobody knows why - New
Scientist (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Over the past three months, the shift from hot to cool temperatures in
the equatorial Atlantic Ocean has happened at record speed. This
emerging “Atlantic Niña” pattern comes just ahead of an expected
transition to a cooler La Niña in the Pacific Ocean, and these
back-to-back events could have ripple effects on weather worldwide.

Work

100-Year-Old Wheat Could Help Feed the World - Discover Magazine (No
paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
In a recent study, scientists propose that his seed collection –
which has been painstakingly maintained for over a century – could
hold the key to fortifying modern wheat agriculture and feeding the
world’s ever-increasing population. Their findings were published in
the journal Nature in June 2024.














Work

August's stock market fiasco is a 'stark red flag' for what's to come,
veteran hedge funder warns - Fortune (No paywall)
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[[link removed]}&lead=419599&emailid=52294&nl=daily]
August 5, 2024, was a trying day for investors worldwide, as stock
markets from Japan to the U.S. were whipsawed without much warning,
leaving analysts and economists scrambling to provide answers. A weak
jobs report that triggered a key recession indicator, and the
unwinding of some popular and influential trades amid changing central
bank policies, were blamed for the fiasco.

Work

How to fine-tune AI for prosperity
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
The numbers for the last year or so have been generally strong for
various financial and business reasons, rebounding from the early days
of the pandemic. And though the quarterly numbers are notoriously
noisy and inconsistent, the University of Chicago economist is
scrutinizing the data to spot any early clues that AI-driven economic
growth has begun.  













Work

Queen Elizabeth thought Melania Trump must have "arrangement" with
husband
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[[link removed]}&lead=419599&emailid=52294&nl=daily]
As first lady, Melania accompanied her husband both to a private tea
at Windsor Castle, Berkshire, with the queen and for the state visit
that was also attended by extended members of the royal family,
including Prince William and Princess Kate.

Work

I worked at Google for almost a decade. Its problem is bureaucracy --
not hybrid working. - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
I got a job at Google as a temporary contractor in 2011, before
converting to a full-time role in 2012. I then started working in HR,
specifically in mergers and acquisitions, and did that until I left in
2020.

Work

Steve Jobs Said Making This Choice Will Make All the Difference in
Your Life - Inc.com (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
I left a really good job to start my own business nearly 20 years ago.
I didn't expect to wind up being a writer and speaker; the initial
plan was to build a book design business. Along the way I created
websites, photographed weddings, and represented clients at trade
shows, none of which was planned.  

Work

Big Oil Cashes In as Clean Fuel Startups Falter
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Outsized returns are not limited to the Super Majors. Independent E&P,
Devon Energy (NYSE:DVN), as a combination of stock buybacks and
dividends, is returning capital to investors with a free cash yield of
nearly 15%, on a one-year, run rate basis, based on recent prices of
their stock-flat since the start of 2024, in the middle-$40s.

Work

AI Can Break Songs Into 'Music Stems' -- Here's Why That Matters
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

Artificial intelligence tools are not only generating new songs (and
artists), they're also raiding hits of the past for new earnings
potential. Disney Music Group, for example, has agreed to let AI music
startup AudioShake, which took part in the 2024 Disney Accelerator
program, generate stems of its classic hits for use in new creative
and marketing opportunities. 

Work

Enjoying life while you can: Expat who moved to Lithuania shares a key
lesson Americans can learn
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
"One thing I tell them, which I think is very European, is that we
don't work in the emergency department in the hospital. There's fires
but there's always fires, it doesn't mean you have to give up your
vacation," he said.

Work

German court rejects appeal by ex-Nazi secretary over role in 10,500
murders
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
From mid-1944, tens of thousands of Jews from ghettoes in the Baltics
and from Auschwitz filled the camp, along with thousands of Polish
civilians swept up in the brutal Nazi suppression of the Warsaw
Uprising. Others incarcerated at Stutthof included political
prisoners, accused criminals, people suspected of homosexual activity,
and Jehovah’s Witnesses. More than 60,000 people were killed at the
camp.

Work

Israel-Gaza war live: at least 10 Palestinians killed in Israeli
airstrike on school, say Gaza defence authorities
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Blinken said on Monday that the US and Israel were working towards a
plan to vaccinate Palestinians in Gaza for polio after the besieged
territory reported its first case of the disease in 25 years.
“We’re working with the Israeli government on that, and I believe
that we’ll be able to move forward with a plan to do that in the
coming weeks,” Blinken told reporters in Tel Aviv, reports AFP.

Work

Biden urges voters to elect Harris in order to 'preserve democracy' in
hopeful speech
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

"I made a lot of mistakes in my career, but I gave my best to you,"
Biden said. "For 50 years, like many of you, I gave my heart and soul
to our nation, and I've been blessed a million times in return with
the support of the American people."

Work

Hillary Clinton takes jabs at Trump and pins hope on Harris to 'break
through' glass ceiling
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

"We refused to give up on America. Millions marched, many ran for
office, we kept our eyes on the future of America," she said. "When a
barrier falls for one of us, it falls for all of us."

Work

Pakistan's PostEx to enter new markets, starting with Saudi Arabia |
TechCrunch
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

Some parents have reservations about the South Korean government’s
plans to bring tablets with AI-powered textbooks into classrooms,
according to a report in Financial Times. The tablets are scheduled
to…

Work

Stocks will hit fresh highs in the next 4 weeks -- but investors
should be careful around this key date, Goldman's trading desk says
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

"SPX $6K - new highs in Q4, led by November and December months,"
Rubner said, adding that a record $7.3 trillion in US money market
funds will flow into stocks and bonds after the US election in early
November.

Work

Hillary Clinton hands baton to Kamala Harris: 'The future is here'
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

Hillary Clinton, the first woman nominated for president by a major
American political party, passed that baton to Kamala Harris on the
first night of the Democratic National Convention, endorsing the vice
president and her goal to become the nation's first female head of
state.

Work

How People Are Overdosing on Semaglutide Drugs like Ozempic and Wegovy
- Scientific American (No paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
As more people take the injectable weight-loss medication Wegovy, they
should be aware of concerning reports of overdoses. That drug, more
generally called semaglutide, can have unpleasant gastrointestinal
side effects at prescribed doses. But if people take too much
semaglutide, the adverse effects can be severe and even require
hospitalization. The Food and Drug Administration recently alerted
health care providers, pharmacies and the public about the dangers of
overdoses from semaglutide, which is also prescribed under the name
Ozempic to treat diabetes. Scientific American spoke to experts about
how people using semaglutide and similar weight-loss medications can
stay safe.

Work

Another suit filed against FDA over lab-developed test rule - STAT (No
paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
It’s the second legal challenge to the rule, following the American
Clinical Laboratory Association’s suit in May. The suit, filed in
Texas by the Association for Molecular Pathology and University of
Texas pathologist Michael Laposata, claims that the FDA overstepped
its regulatory bounds when deciding to regulate lab-developed tests. 

Work

Musk's America PAC Hires DeSantis' Campaign Manager - Inc.com (No
paywall) [[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily]
Ron DeSantis' senior political aides were gathered last year at the
Florida governor's campaign headquarters, an office across the street
from a Red Lobster on Tallahassee's north side, planning the
announcement of his candidacy for president.

Work

What Barack and Michelle Obama will say Tuesday night at the
Democratic National Convention
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
The 44th president said he looks forward to joining party faithful to
"share what's at stake in this election," and why Vice President
Kamala Harris and Minnesota Gov. Walz, her running mate, should be
elected.

Work

The Speech Biden Never Wanted to Give
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[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Mr. Biden, 81, gave little indication that he was ready to go. While
he made a couple of self-deprecating jokes about his age, he barely
alluded to his decision to step aside under pressure from fellow
Democrats worried that the struggles of the oldest president in the
nation’s history would sink the party. When he did, he simply framed
it as an act of sacrifice to save American democracy from former
President Donald J. Trump.

Work

Clinton Rallies Democrats Behind Harris: 'This Is When We Break
Through'
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

“On the other side of that glass ceiling is Kamala Harris raising
her hand and taking the oath of office as our 47th president of the
United States,” Mrs. Clinton said, her words drowned out by the
cheers of delegates rising to their feet.

Work

Highlights From Night 1 of the Democratic Convention
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Mr. Biden’s speech, and another earlier in the night from Hillary
Clinton — who came closer than any other American woman to winning
the White House — symbolized how Democrats are moving on from the
old guard that has led their party for decades. The convention’s
opening night also served to emphasize the historic nature of Ms.
Harris’s candidacy, and to frame her as riding on the shoulders of
civil rights icons and women who had run for president before her, as
she seeks to defeat former President Donald J. Trump.

Work

They Ran a Campaign in Hiding. Now They Wait.
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Their efforts helped lead the United States to recognize the
opposition candidate, Edmundo González, as the winner, while many
other countries have refused to recognize President Nicolás
Maduro’s claim of victory.

Work

Edgar Bronfman submits roughly $4.3 billion rival bid for Paramount
Global, Reuters reports
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Bronfman has argued his offer is superior, because it would not
involve a second step of the transaction in which Paramount would
acquire Skydance, another source familiar with his rationale told
Reuters. Paramount previously agreed to purchase Skydance in an
all-stock transaction that values the independent media company at
$4.75 billion, the companies have said.

Work

Global commodities' biggest winners and losers this year and where
they're headed
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

Additionally, the global weather pattern is expected to flip from El
Niño to La Niña by the end of this year, which could be a
crucial event for the global agricultural market, said StoneX's
Stetzel. La Niña usually brings a cooling effect on global
temperatures and occurs every three to five years.

Work

European stocks dip lower as market uncertainty lingers; Sweden's
Riksbank cuts rates
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

Asia-Pacific markets were mostly up on Tuesday, tracking the Wall
Street rally Monday, while investors also assessed minutes of the
Reserve Bank of Australia's latest meeting. U.S. stock futures were
flat last night after the S&P 500 and the Nasdaq Composite notched
their longest winning streaks of 2024. 

Work

HP's latest gaming mic is the Las Vegas casino of microphones
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

In addition to the Vegas casino of gaming mics, HP is launching a
wireless keyboard that it claims has “the longest battery life on a
backlit dual-wireless gaming keyboard” available. The HyperX Alloy
Rise 75 offers 80 hours of gameplay with the backlighting on (more
RGB!!). Alternatively, you can squeeze out “a staggering 1,500 hours
with the backlighting off.” (At least your mic can compensate for
the lack of backlighting under those conditions.)

Work

The best laptops for college students
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Here's the latest list of the best laptop for college and university
students, as reviewed by experts from Engadget.

Work

Police in Kenya say suspected serial killer has escaped from custody
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Kenya’s police watchdog, the Independent Policing Oversight
Authority, had also said it was looking into whether there was any
police involvement or a “failure to act to prevent” the killings.

Work

Canadian export agency 'hit by big losses after lending to Thames
Water'
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

In a statement provided to the FT, EDC said: "We have been carefully
following the recent challenges encountered by the utility and with
the regulator's recent determination and Omers' decision to write down
its stake, we are assessing the best course of action to manage our
loan exposure with the company.

Work

North Korean soldier crosses militarised border to defect to South ?
report
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[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
But after border controls eased in 2023, the number of defectors
making it to the South almost tripled last year to 196, Seoul said in
January, with more elite diplomats and students seeking to escape, up
from 67 in 2022.

Work

Nearly half of New Zealanders say government policies increasing
racial tensions, poll finds
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[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
“A lot of people don’t believe them and don’t believe
politicians – I think that speaks to the broader risks of
polarisation and populism that are happening in New Zealand
society.”

Work

Bridget Archer and Fatima Payman sign letter pushing for total ban on
gambling ads as independent MPs urge free vote
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
Despite the crossbench call for a conscience vote, most Labor MPs
contacted on Tuesday had not heard the option pushed internally, and
even those in favour of a total ban doubted the efficacy of a free
vote.

Work

Zionist Federation leader says Australia-based NYT journalist should
be sacked over doxed list
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
“Throughout the investigation, people impacted were encouraged to
report criminal offences to their local police. We are aware that a
number of crimes have since been reported to other policing
jurisdictions for investigation within Australia as well as
overseas.”

Work

NSW police had emails that could have saved lives at Wieambilla,
inquest hears
[[link removed]}&lead=419599&emailid=52294&nl=daily]  
[[link removed]}&lead=419599&emailid=52294&nl=daily&hashtags=tradebriefs&via=TradeBriefs]
“So we supply this information that we have to Queensland police,
and then the request was they provide that response with that
information we supply being that he has a dislike for police.”

Work

NT government missed opportunities to prevent 'horrific deaths' of
four Indigenous women, inquest hears
[[link removed]}&lead=419599&emailid=52294&nl=daily]  

In Australia, the crisis support service Lifeline is 13 11 14.
Children, young adults, parents and teachers can contact the Kids
Helpline on 1800 55 1800. Help for Aboriginal and Torres Strait
Islander people is available on 13YARN on 13 92 76.

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