Tip News Daily Brief

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May 30th, 2023

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In Today’s Brief

Lindsey Graham: Russia issues warrant
Korean War: Soldier buried after 73 years
NHL Playoffs: Golden Knights advance
State Farm: Retreating from California

...and more

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Top Tips

Debt ceiling deal

President Biden and House Speaker Kevin McCarthy signed off on an agreement to temporarily suspend the debt ceiling and cap some federal spending in order to prevent a national debt default.

Per its full text, which McCarthy released on Sunday, the deal includes increased defense spending and a pullback of $21.4B from the $80B boost in funding that the IRS was granted as part of the Inflation Reduction Act of 2022. The agreement would also reinstate student debt payments and the accrual of interest starting on August 30th, ending a payment pause that had originated as a response to the pandemic.

The deal comes days before June 5th, which Treasury Secretary Janet Yellen said was the day that the country would face a first-ever default on its debt unless a deal was reached. The Biden-McCarthy deal would suspend the debt limit until January 2025. The plan now heads to Congress for a vote.

Erdogan re-elected in Turkey

Turkey’s President Recep Tayyip Erdogan secured re-election on Sunday, according to an announcement from the head of Turkey's Supreme Election Council.

Erdogan’s re-election caps a runoff vote that is set to extend his 20-year rule until 2028. His challenger, Kemal Kilicdaroglu, called it “the most unfair election in years” but didn’t dispute the outcome. Kilicdaroglu campaigned on promises to oversee constitutional reforms to restore a parliamentary system, reverse crackdowns on free speech, and repair the country’s economy, which saw inflation levels at around 40% last month after hitting 85% in October 2022.

The day after Erdogan secured victory, the Turkish lira hit a record low, briefly touching 20.0608 against the U.S. dollar to surpass a low seen last week. His third presidential term comes on the heels of a February earthquake that became the deadliest natural disaster in modern Turkey’s history and for which his government’s response faced criticism.

NBA Finals are set

The 2023 NBA Finals are set, with the Miami Heat facing off against the Denver Nuggets to vie for the league’s championship trophy.

The Heat defeated the Boston Celtics last night with a final score of 103-84 to become Eastern Conference champions. In the Western Conference Finals, the Nuggets–led by center Nikola Jokic–beat the Los Angeles Lakers in four games, earning their first sweep in franchise history. In that series, Nuggets point guard Jamal Murray became the first player in NBA history to average 30 points on 50-40-90 shooting in a Conference Finals (Murray shot 52.7% from the field, 40.5% from beyond the arc, and 95% from the free throw line).

Miami has three championship trophies, from 2006, 2012, and 2013, while Denver has none. This year marks Denver’s first appearance in the NBA Finals since the team was founded in 1967. Game 1 will take place on June 1st.

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Quick Tips

Around the Globe

China plans to place astronauts on the Moon before 2030 as well as expand its space station, according to a statement from Chinese space officials (More)
Russia issued an arrest warrant for U.S. Senator Lindsey Graham after an edited video using two separate moments spliced together appeared to show him celebrating the deaths of Russian troops’ (More)
A wildfire in the eastern Canadian city of Halifax led to mandatory evacuation orders for over 18K residents who will not be allowed to return until advised by municipal authorities, per Halifax Mayor Mike Savage (More)

On the Homefront

The remains of a U.S. soldier who died in the Korean War and who earned the Medal of Honor have been returned to his family for burial after 73 years (More)
An apartment building partially collapsed in Davenport, Iowa, and several people remain unaccounted for while eight people were rescued, per local officials (More)
Rip tides at a New Jersey beach caused a 15-year-old boy to drown while multiple others had to be rescued; the six people who needed emergency assistance were in an area without lifeguards where swimming is forbidden, per a spokesperson for Gateway National Recreational Area (More)

Glitz & Games

In partnership with Bright Cellars

Disney’s ‘The Little Mermaid’ live-action remake earned $117.5M over the holiday weekend, ranking as the fifth-largest Memorial Day debut (More)
The Vegas Golden Knights advance to the Stanley Cup Finals after beating the Dallas Stars 6-0 in game 6 of the NHL Western Conference Finals last night (More)
Actor George Maharis, known for his role as Buz Murdock on Route 66, passed away at age 94 (More)

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Business & Markets

Major indexes in the stock market ended Friday’s session higher, with chipmakers propelling the Nasdaq’s gains (Dow +1.00%, Nasdaq +2.19%, S&P 500 +1.30%)
Nvidia and MediaTek announce a partnership to power advanced vehicle infotainment systems that can stream video or games or interact with drivers through artificial intelligence, according to a joint announcement from the two companies (More)
State Farm has stopped accepting homeowner insurance applications in California due to the growing risk from weather events such as wildfires and the rising cost to rebuild (More)

Tips & Tricks

Feel Good: Meet Andrew Carr, a British window cleaner who has become a local hero and an online sensation after pressure washing his hometown’s filthy pavement and sidewalks in his spare time
Sneak Peek: Watch Idris Elba play a business negotiator who uses his skills to try and strike a deal with terrorists in the official trailer for Hijack, a limited series coming to Apple TV+ on June 28th
Bump This: Millennial disco queen Dua Lipa drops another club-ready single called “Dance The Night” from the upcoming film Barbie - listen on Apple Music, Spotify, and YouTube
Chow Down: Just because Memorial Day has passed doesn’t mean you can’t enjoy some homemade grilling - try out this recipe for bison smash burgers that you can serve in a crunchy lettuce “bun” or an actual one
Go Deep: Get an inside look at the secrets of the Scripps National Spelling Bee, including how the panel members pick the word list that will ultimately identify a champion
Hot Goss: Martin Scorsese announces that his next film will be about Jesus after meeting with Pope Francis over the weekend
Life Hack: Many of us struggle with anxiety that creeps up from situation to situation, and it can be difficult to handle without the proper tools - here are three quick hacks that will reduce nervous energy and boost your confidence within seconds

Tip-Offs

Here’s what you can do to improve soil quality.

A chart showing the world’s most-visited websites.

…and the most-loved brands from each state.

Learn why most of Mongolia is practically empty.

An engineer builds a baseball impossible to hit.

…and how baseball diamonds became diamonds.

The top existential questions people ask Google.

See America’s 113-mile-long floating highway.

Looking Back…

On May 30th: Joan of Arc is burned at the stake after being charged with heresy and witchcraft (1431); the first Indianapolis 500 automobile race is run in Indianapolis, Indiana (1911); the Lincoln Memorial is dedicated in Washington, D.C. (1922); musician Benny Goodman is born (1909).

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