Good morning, and happy Friday! Did you know that FTX founder and CEO Sam Bankman-Fried lost $14.6B in one day after rival crypto exchange firm Binance backed out of plans to bail out his company this week? Apparently, the drop in the 30-year-old Bankman-Fried’s wealth is the biggest single-day net worth collapse…well, ever. Next time you find yourself having a bad day, just think about that! First time reading? Sign up here. In Today’s Brief
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U.S. inflation rose by 7.7% in October compared to the same period last yearInflation as measured by the Consumer Price Index (CPI) rose by 7.7% in October compared to last year and 0.4% from the month prior, per a report from the Bureau of Labor Statistics. According to the Labor Bureau’s report, energy prices rose 17.6% year-over-year, and the index for food rose 10.9% from October 2021 levels. Other categories that saw price increases in the 30 days between September and October include transportation services (+0.8%), recreation (+0.7%), and personal care (+0.5%). “Core” inflation–which removes the food and energy components of the report–increased by 6.3% compared to the same period last year, and rose 0.3% in October after rising 0.6% in September. October’s 7.7% annualized rise in the CPI reflects the smallest year-over-year increase since January. Price categories that decreased in October are airline fares (-1.1%), apparel (-0.7%), and medical care (-0.5%). |
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Alex Jones ordered to pay an additional $473M in Sandy Hook trialA judge ordered radio host Alex Jones and his company Free Speech Systems to pay the families of eight victims of the 2012 Sandy Hook school shooting an additional $473M in damages over claims that the incident was a hoax. In a 45-page ruling, Connecticut Judge Barbara Bellis wrote, “The record clearly supports the plaintiffs' argument that the defendant’s conduct was intentional and malicious, and certain to cause harm by virtue of their infrastructure, ability to spread content, and massive audience including the infowarriors.” The punitive damages include $150M for violations of Connecticut’s Unfair Trade Practices Act and about $322M for the plaintiffs’ attorney fees and costs. Jones was ordered by a Connecticut jury in October to pay $965M in damages to the families, and was also ordered to pay the parents of a 6-year-old boy killed in the shooting $49.3M in damages as part of a separate lawsuit in Texas. With yesterday’s ruling, Jones now owes over $1.4B in damages. |
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Section of destroyed Challenger shuttle found at bottom of AtlanticMore than 36 years after it exploded after liftoff on January 28th, 1986, a section of the destroyed space shuttle Challenger has been found on the Atlantic Ocean floor. NASA’s Kennedy Space Center announced the discovery yesterday. In a statement, NASA said the “artifact was discovered by a TV documentary crew seeking the wreckage of a World War II-era aircraft. Divers noticed a large humanmade object covered partially by sand on the seafloor.” After the crew contacted NASA because of the item’s proximity to Florida’s Space Coast along with its “modern construction and presence of 8-inch square tiles,” NASA confirmed it was part of the Challenger shuttle. An investigation into the explosion revealed that Challenger was brought down by eroded O-ring seals in the right booster. All seven individuals on board died, including the first schoolteacher bound for space, Christa McAuliffe. Roughly 107 metric tons of debris from the shuttle have since been recovered, representing about 47% of the entire vehicle. |
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How a reusable water bottle can turn the tap off ocean-plasticIt’s no secret, single-use plastic is damaging our waterways, our ocean, and our health. We don’t need to see a poor turtle with a straw stuck in its nose to know that our choices matter. Fortunately, The One Movement has made environmental impact simple. Their slick insulated water bottle “One Bottle” helps you stay hydrated, and fight against the 48 million pounds of plastics flowing into our oceans each day. For each one they sell, they stop the equivalent of 1,000 plastic bottles from entering the ocean and improve social mobility for thousands. In terms of impact on our planet, no other reusable bottle comes close. Get your One Bottle today and save 15% by using code: TIP15 at checkout. |
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Looking Back…On November 11th: World War I comes to an end after Germany signs an armistice agreement with the Allies in a railroad car outside Compiégne, France (1918); Washington is admitted to the union as the 42nd U.S. state (1889); the Church of England approves the ordination of female priests (1992); American novelist Kurt Vonnegut is born (1922). |
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