Your Daily Brief

September 19th, 2022

Good morning, and happy Monday! Did you know that a jiffy is an actual measure of time sometimes used to define playback rate in computer animation? It is calculated as 1/100th of a second–or 10 milliseconds, which is insanely fast. So, next time someone tells you that they’ll be back in a jiffy, you’ll know what they mean! Anyway, here’s what we have for you (in a jiffy):

In Today’s Brief

  • Nepal: Landslide claims lives of at least 22
  • University of Michigan: Finalizes settlement to victims of sports doctor who engaged in sexual assault
  • Woody Allen: Retiring from filmmaking after next project wraps
  • Bitcoin: Price slips below $20,000
  • NASA: Perseverance rover collects samples with organic molecules on Mars
  • Top Tips: Typhoon Nanmadol touches down in Japan; India’s Gautum Adani overtakes Jeff Bezos as the world’s second-richest person; dozens of earthquakes strike Taiwan
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Super Typhoon Nanmadol forces millions of evacuations in Japan

More than eight million people in Japan were ordered to evacuate and seek shelter from Typhoon Nanmadol this weekend.

According to the Japan Meteorological Agency, the typhoon made landfall at about 7 PM local time on Saturday night and brought maximum surface winds of 150 mph to parts of the southwestern Kyushu region. Shortly after touching down in Kyushu, Nanmadol left almost 93,000 homes without electricity and halted both ground and air transportation. The typhoon is expected to turn east and reach Toyko by tomorrow, though local authorities have reported no major damage or injuries as recently as yesterday evening.

The Japan Meteorological Agency predicted as much as 20 inches of rainfall by mid-day, and warned residents of flooding and landslides. The agency also issued a “special warning” to residents in affected areas, urging them to evacuate early to avoid “unprecedented” levels of winds and waves.

Jeff Bezos loses his spot as the second-richest person in the world

Gautam Adani of India has replaced Amazon.com founder Jeff Bezos as the world’s second-richest person, according to the Bloomberg Billionaires Index. 

Adani started 2022 at No. 14 on the index, which ranks the world’s richest people, and has a net worth of $146.8B that trails only Tesla and SpaceX CEO Elon Musk’s $263.9B fortune. This past week, shares of Adani’s Adani Enterprises Ltd. increased to record highs. At the same time, Amazon stock–of which Bezos holds around 10%–dropped in a market selloff as investors responded to the recent inflation report from the Labor Department.

Adding more than $60B to his wealth this year, Adani is the first person from Asia to rank in the top three on Bloomberg’s index. Per Bloomberg’s ranking, nine of the top 10 individuals on the index have seen their net worth drop this year; Adani is the only one whose wealth has risen.

Magnitude 6.8 & 6.4 earthquakes strike Taiwan

A magnitude 6.8 earthquake struck Taiwan yesterday, leaving at least one person dead and over 75 others injured one day after the island was hit by a magnitude 6.4 quake that resulted in no casualties.

Taiwan’s weather bureau said the epicenter of the most recent quake was in Taitung county. According to local reports, it caused a three-story building to collapse and left four people temporarily trapped inside. Tremors also left about 400 tourists stranded on a mountainside and resulted in the derailment of six carriages at the country’s Dongli station after part of the platform canopy collapsed, per Taiwan Railways Administration. Taiwan Semiconductor Manufacturing Co–the world’s largest contract chipmaker–said the quake left “no known significant impact” on its facilities.

Since Saturday evening, dozens of earthquakes have occurred near Taiwan’s southeastern coast, including the magnitude 6.8 and 6.4 quakes that struck the same area.

Around the Globe

  • The death toll from a landslide that hit western Nepal on Saturday has risen to 22 individuals; at least 70 people have been killed and 13 went missing across the country in flash floods and landslides this year, according to official data
  • Queen Elizabeth II’s coffin will travel to Westminister Abbey today for a state funeral; the queue to see the late Queen’s coffin closed at 6:30 am in the U.K. this morning after reaching wait times of 24 hours long
  • A bus carrying people to a Covid-19 quarantine facility in China overturned on a motorway in the southwestern province of Guizhou, killing 27 of the passengers on board and injuring another 20

On the Homefront

  • The University of Michigan has confirmed that a $490M settlement has been finalized with over 1,000 people who alleged sexual assault by former sports doctor Robert Anderson, who was a physician for the football team and other athletic programs at the university from 1966 until his retirement in 2003
  • Hurricane Fiona (Category 1) touched down in Puerto Rico with winds over 100 mph and knocked out power to the entire territory; forecasters said they expected “historic” levels of rain to produce landslides and heavy flooding with up to 25 inches in some areas
  • A representative for the University of Oregon apologized after a video posted to social media appeared to show fans of the school's football team chanting an expletive directed at fans of Brigham Young University at a football game between the universities

Glitz & Games

  • Warner Bros. is reportedly developing a sequel to 2005’s Constantine that will reunite Keanu Reeves with Francis Lawrence, who directed the original film based on the supernatural DC property
  • Writer and director Woody Allen has announced that he will retire from filmmaking and plans to focus on writing after wrapping his upcoming project Wasp 22
  • The Las Vegas Aces beat the Connecticut Sun 78-71 to win the WNBA Finals last night; it is the Aces' first championship title in franchise history

Business & Markets

  • Major indexes in the stock market closed down on Friday following FedEx’s quarterly earnings report signaling worsening macroeconomic trends (Dow -0.45%, Nasdaq -0.90%, S&P 500 -0.72%)
  • Teva Pharmaceutical Industries CEO Kare Schultz said the company expects to start paying its opioid settlement in the U.S. in 2023 after it finalizes it by the end of this year; Schultz also confirmed he was unlikely to renew his contract next year
  • The price of Bitcoin fell below $20,000 yesterday; the cryptocurrency is now down over 58% from the year's high of $48,234 on March 28th

Tip & Tricks

  • Bump This: South Korean group BLACKPINK is back in full girl-boss mode with their song “Shut Down” off the new album BORN PINK - listen on Apple Music and Spotify
  • Chow Down: If you want to start your day with all of the deliciousness but none of the guilt, check out this recipe for gluten-free and non-dairy breakfast brownies (where were these when we were growing up?)
  • Nerd Out: Read up on how NASA’s Perseverance rover may have found signs of life on Mars in samples it collected from the ancient river delta site at the planet’s Jezero Crater
  • Go Deep: Learn about the problem with content creators not getting paid on TikTok and how YouTube Shorts could lure creators with a new revenue-sharing model 
  • Say What: “The best solution is for us to come together. I think that the world of professional golf has a need for the old historical 'history of the game' product that the PGA Tour provides. I think that LIV provides a really cool, updated feel that is attracting a lot of younger crowds,” six-time major winner Phil Mickelson said in regards to his hope for a collaboration between the PGA Tour and LIV Golf
  • Hot Goss: Netflix's Love is Blind alums Kyle Abrams and Deepti Vempati have confirmed that they are in an exclusive relationship during the show’s After the Altar episodes that were released last week (what a journey it’s been–here’s to wishing these crazy kids the best)
  • Life Hack: Keeping a strong core is one of the best ways to protect against lower back pain - here are five core exercises to help reduce pain in your lower back

Looking Back…

On September 19th: George Washington's Farewell Address is published, urging the U.S. to maintain neutrality and avoid entangling alliances with Europe (1796); New Zealand becomes the first country to grant all women the right to vote (1893); 8.1 earthquake in Mexico City kills an estimated 10,000 and leaves 250,000 homeless (1985); British fashion model Twiggy is born (1949).

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