Tip News Daily Brief

Your Daily Brief

April 29th, 2023

Good morning, and happy Saturday! Some of our team members live in small apartments, but that doesn’t stop us from trying to grow our own veggies and herbs. If you’d like to garden but feel like your living space makes it impossible, start your weekend off with some tips on how to do apartment gardening…and how to make it work even in the smallest space.

In Today’s Brief

Sudan: U.S. starts civilian evacuations
Colorado: Four gun control bills signed
Shaq: Returning to rap next week
Clubhouse: Cuts over half of staff

...and more

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Top Tips

SVB collapse report

The U.S. Federal Reserve released a report yesterday in which it attributed Silicon Valley Bank’s failure to a combination of poor bank management, weak regulations, and a lack of oversight from the Fed itself.

In its report, the Fed said SVB “failed to manage basic interest rate and liquidity risk. Its board of directors failed to oversee senior leadership and hold them accountable. And Federal Reserve supervisors failed to take forceful enough action.” It claimed that the U.S. “banking system is sound and resilient” but added that the central bank “must strengthen…supervision and regulation based on what we have learned.” According to the report, SVB remained well-rated due to the lack of Federal Reserve oversight, despite “significant” increased risk and exposure.

Silicon Valley Bank’s March 10th collapse sent shockwaves through the global banking system and marked the second-largest bank failure in U.S. history, behind the 2008 collapse of Washington Mutual.

Renewed Russian strikes

Russian forces launched 23 missiles and two attack drones on cities across Ukraine yesterday that left at least 25 people dead.

A missile that struck an apartment block in the central city of Uman claimed the lives of 23 people, including four children, according to regional governor Ihor Taburets, who added that nine others were hospitalized. Uman is over 50 miles southwest of Bakhmut, where fighting has taken place for months. During the 14-month war, Moscow has launched long-range missile attacks beyond the war’s front lines which have hit civilian areas on several occasions, particularly energy facilities throughout the winter.

The Ukrainian military said it shot down 21 out of 23 cruise missiles that Russia fired. Yesterday’s assault marked Russia’s largest-scale air strike on Ukraine in nearly two months. The attacks were carried out as Kyiv prepares to mount a counteroffensive to try to retake Russian-occupied territory.

Italy restores ChatGPT

Italy restored access to the artificial intelligence chatbot ChatGPT after its maker OpenAI met the demands of the country’s regulators who temporarily blocked it over privacy concerns, according to an announcement from Italian authorities.

A month ago, Italy’s Privacy Guarantor–known as the Garante–ordered ChatGPT blocked over concerns that OpenAI had been violating EU privacy laws through its data handling practices. When it banned ChatGPT, the Garante said OpenAI had no lawful basis for collecting and storing people’s personal data “for the purpose of training the algorithm” of the chatbot. It also accused the company of failing to check the age of ChatGPT’s users who are supposed to be 13 or older.

In a statement, the Garante said it approves of the new measures OpenAI implemented. It also urged OpenAI to meet two other demands: creating an age-verification system, and launching a PR campaign to inform Italians about their right to opt out of data processing.

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Quick Tips

Around the Globe

The U.S. began evacuations of American civilians in Sudan with a bus convoy carrying about 300 that followed a route previously used by other nations and the U.N. (More)
65 people in Vietnam were arrested for smuggling drugs in toothpaste tubes containing substances like cocaine, ecstasy, and ketamine (More)
Brazilian President Luiz Inacio Lula da Silva formally recognized six Indigenous territories of nearly 800 square miles; former President Jair Bolsonaro publicly stated during his time in office that he believed Indigenous peoples had too much land in Brazil for the size of their population (More)

On the Homefront

A Texas woman is accused of fatally hitting a man with her Porsche while driving over 100 mph with a blood alcohol level almost four times the lawful limit in Houston earlier this month, according to court documents (More)
New York may become the first state to ban natural gas stoves in new buildings as part of a budget deal that Governor Kathy Hochul proposed, which includes an end to constructing new buildings that burn fossil fuels for heat and hot water (More)
Colorado Governor Jared Polis signed four gun control bills yesterday, including measures that raise the buying age for any gun from 18 to 21 and establish a three-day waiting period between the purchase and receipt of a gun (More)

Glitz & Games

In partnership with Pique Tea

NBA Hall of Famer Shaquille O’Neal will release a new rap single called “King Talk” on May 2nd in honor of the NBA Playoffs; it is reportedly a collaboration with Ghanaian-American rapper Blackway (More)
London’s High Court sides with French actress Eva Green over her unpaid $1M fee for a sci-fi film that was never made (More)
Kevin Durant has reached a lifetime deal with Nike, becoming the third NBA player to ever do so behind Michael Jordan and LeBron James (More)

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Business & Markets

Stock indexes ended higher, with the Dow notching its best-performing month since January (Dow +0.80%, Nasdaq +0.69%, S&P 500 +0.83%)
Social media talk space app Clubhouse laid off more than half its staff yesterday, per a memo that co-founders Paul Davison and Rohan Seth sent to employees (More)
First Republic shares (NYSE: FRC) closed down 43% lower after reports broke that the government might step in to take the bank into receivership; the stock lost over 75% of its value this week (More)

Tips & Tricks

Listen Up: For all you podcast lovers out there, some good news - YouTube Music is officially adding podcasts to its platform in the U.S. on Android, iOS, and the web; the update allows users watching podcasts on the YouTube app to continue listening on YouTube Music
Sneak Peek: Get a first look at Viola Davis as the villain in the official trailer for the upcoming Hunger Games prequel The Hunger Games: The Ballad of Songbirds and Snakes, due out in theaters in November
Bump This: One Direction alum Niall Horan is the latest pop artist to hop on the uptempo trend in his sing-along-ready single “Meltdown” - listen on Apple Music, Spotify, and YouTube
Nerd Out: Get up to speed on how U.S. health authorities gave the green light for the first-ever pill made from healthy bacteria found in human feces - the pill could reportedly help to combat gut infections and is a more convenient alternative to fecal transplants
Go Deep: Read about Georgia's Ocmulgee Mounds National Historical Park, an area with over 17K years of human history and earthen mounds that vastly predate sites like Stonehenge and Persepolis that may become the 64th national park in the U.S.
Hot Goss: Ed Sheeran played guitar and sang live to a courtroom in New York as attempted to shed light on his method of creating music and prove that he didn’t lift elements of Marvin Gaye’s 1973 hit “Let’s Get It On” in his 2014 song “Thinking Out Loud”
Life Hack: Retirement confidence among workers and retirees is dropping due to a lack of savings and high inflation - if you’re heading into retirement, here are four key strategies for mapping out a gameplan so you can make the most out of it

Tip-Offs

A bus driver faints and this 7th-grader takes the wheel.

Visualizing the largest homes of world leaders.

…and the countries with the most work injuries.

How to determine a good monthly retirement income.

Get looped in on King Charles III’s upcoming coronation.

The story of a Formula 1 engineer turned master baker.

See a photo of a SpaceX launch pad struck by lightning.

…and a smartphone screen concept with liquid buttons.

Looking Back…

On April 29th: Riots erupt in Los Angeles in response to the Rodney King verdict (1992); with its 636th episode, The Simpsons becomes the longest-running scripted prime-time show in the U.S. (2018); 10M are left homeless when a tropical cyclone strikes Bangladesh (1991); Emperor Hirohito of Japan is born (1901).

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