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Your Daily BriefSeptember 23rd, 2022 |
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In Today’s Brief
- China: Former justice minister jailed for corruption
- Alex Jones: Testifies at defamation trial in Connecticut
- Shakur Stevenson: Stripped of titles for failing to make weight
- Ford: Plans to restructure its global supply chain
- James Webb: Captures clearest image of Neptune’s rings in over 30 years
- Top Tips: Tesla recalls over 1M U.S. vehicles; Biden administration says it will cover a month of aid to Puerto Rico after Hurricane Fiona; U.K. companies report results of four-day workweek trial that began in June
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Tesla issues a recall of nearly 1.1M vehicles in the U.S.
Electric-vehicle maker Tesla is recalling about 1.1M vehicles in the United States due to an issue with the window automatic reversal system that may injure drivers or passengers.
According to a letter between Tesla and the Department of Transportation’s National Highway Traffic Safety Administration, a “closing window may exert excessive force by pinching a driver or passenger before retracting, increasing the risk of injury.” To remedy the issue, Tesla said that it will perform an over-the-air (OTA) software update of the automatic window reversal system. Tesla customers won’t have to pay for the software update, which the company has already begun to roll out.
Tesla said it was not aware of any warranty claims, field reports, crashes, injuries, or deaths related to the recall, which covers some 2017-2022 Model 3, 2020-2021 Model Y, and 2021-2022 Model S and Model X vehicles.
Biden administration to cover Puerto Rico’s recovery costs from Hurricane Fiona for the next month
President Biden announced yesterday that the federal government will cover all of Puerto Rico’s recovery costs from Hurricane Fiona for the next month.
The move comes one day after President Biden approved a major disaster declaration for Puerto Rico and ordered federal aid to assist with recovery efforts. In a briefing yesterday, Biden said that he has authorized “100% federal funding for debris removal, search and rescue, water restoration and shelter and food for the whole month. To the people of Puerto Rico who are still hurting from Hurricane Maria five years later, they should know that we are with you. We’re not going to walk away. I mean it.”
Hurricane Fiona touched down in Puerto Rico last week and left the island of over 3.1M people without power. So far, five deaths have been reported from the storm across the Caribbean–one in Guadeloupe, two in Puerto Rico, and two in the Dominican Republic.
Companies report results in U.K. four-day workweek experiment
41 companies participating in a four-day workweek experiment that kicked off at the beginning of June in the U.K. have reported results halfway through the study.
In the pilot program–led by nonprofit 4 Day Week Global–over 3,300 employees in the U.K. get one paid day off each week. According to a press release from 4 Day Week Global, of those companies that responded to a survey at the trial’s midpoint, 88% said that the four-day workweek is working “well” for their business, and 86% said they would be “extremely likely” or “likely” to consider retaining the policy after the pilot ends. 46% of respondents said that productivity for their business has stayed the same, 34% reported that productivity has “improved slightly,” and 15% said it has “improved significantly.”
Employees in marketing, health care, financial services, retail, hospitality, and other industries in the U.K. are taking part in the experiment, which ends in late November.
Around the Globe
- Following the U.S. Federal Reserve’s rate hike on Wednesday, the Bank of England raised its key interest rate by 50 basis points to 2.25% from 1.75% and said it would continue to “respond forcefully, as necessary” to inflation
- Some of the 1,300+ Russians detained while protesting the partial military mobilization President Vladimir Putin called for on Wednesday were handed draft papers while in custody, according to the rights group OVD-Info
- China's former Justice Minister Fu Zhenghua was sentenced to life in prison after being convicted of accepting 117M yuan (~$16M USD) in bribes; Fu, 67, was handed a suspended death sentence that will be commuted to life imprisonment after two years with no possibility of parole, per state media
On the Homefront
- The U.S. added 2.5M “new millionaires” in 2021, according to Credit Suisse's annual wealth report; per the report, that figure accounted for nearly half of the global increase of 5.2M new millionaires worldwide - see the report here
- Target announced that it plans to hire 100,000 seasonal workers for the holidays and start offering sales and deals the first week of October
- Radio host Alex Jones testified at his Connecticut defamation trial and acknowledged he had promoted the view that the 2012 Sandy Hook shooting that left 26 dead was a hoax; the trial is the second of three that Jones faces for claiming the shooting was a hoax on his streaming TV show and Infowars website
Glitz & Games
- Boxer Shakur Stevenson will be stripped of his WBO & WBC featherweight titles after failing to make weight ahead of today’s scheduled matchup with Robson Conceição; Stevenson is facing a fine and may have to forfeit some of his $3M purse he’s set to earn for the fight to proceed
- The first Thursday Night Football game on Amazon’s Prime Video between the Chargers and Chiefs last Thursday drew 13M viewers; per reports, 11.8M people watched on Prime Video while 1.2M watched on over-the-air TV in Los Angeles & Kansas City
- Boston Celtics head coach Ime Udoka is facing a potential suspension for the entire 2022-23 season for his role in an intimate and consensual relationship with a female member of the franchise's staff, according to sources familiar with the matter
Business & Markets
- Major indexes in the stock market fell for the third consecutive day, with the tech-heavy Nasdaq leading the losses (Dow -0.35%, Nasdaq -1.37%, S&P 500 -0.84%)
- Days after saying it expects to book an extra $1B in Q3 supplier costs, Ford said it plans to restructure its global supply chain to “support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution”
- Meta confirmed that Instagram experienced a partial outage yesterday between 12:30 PM and 1:30 PM ET; about 24,000 instances were reported around that period, according to the website Downdetector
Tip & Tricks
- Bump This: Tap your foot and bob your head to the synth-heavy dance track “Only Fan” from Bazzi and Cordae - listen on Apple Music and Spotify
- Chow Down: If you’re in the mood for a light breakfast, check out this recipe for pumpkin baked oatmeal that will fill you up and make you feel festive at the same time
- Look Up: Marvel at this new photo from NASA’s James Webb Space Telescope that shows the clearest image of Neptune’s rings captured in over 30 years
- Cash Grab: Calling all digital nomads who want to get away–check out this job listing from the company Deel that will pay you over $3,400 to live and work in Australia & New Zealand for six months in a fully-furnished van (honestly…dibs)
- Say What: “You know what? I will go ahead and say…Sway had the answer,” Kanye West said in an interview with Good Morning America when asked about the 2013 interview in which he yelled at radio host Sway after he asked West about empowering himself to start his own fashion brand without entering into partnerships (watch the original interview here)
- Hot Goss: Johnny Depp is now reportedly dating Joelle Rich, a London-based attorney who represented him in his U.K. libel lawsuit against The Sun, according to a source familiar with the matter
- Life Hack: Try saying “thank you” instead of “sorry” when you want to apologize for small things and see what happens - for instance, if you’re replying to an email late, try saying “thanks for your patience” instead of “sorry for my late reply”
Looking Back…
On September 23rd: Astronomer Johann Gottfried Galle becomes the first person ever to observe the planet Neptune (1846); Sigmund Freud dies in London (1939); Butch Cassidy and the Sundance Kid starring Paul Newman and Robert Redford has its world premiere (1969); American musician Bruce Springsteen is born (1949).
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