Tip News Daily Brief

Your Daily Brief

January 27th, 2023

Good morning, and happy Friday! You’re probably familiar with slinkies from playing with them as a kid…but did you know there are people out there using them to create mesmerizing visual art? Take a look for yourself and prepare to be seriously impressed. We were barely ever able to make ours fall down the stairs!

In Today’s Brief

Japan: Toyota leadership change
Australian Open: Rybakina in finals
Chipotle: Burrito season approaching
Succession: Season four trailer

...and more

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Top Tips

US Q4 GDP report

U.S. gross domestic product increased at an annualized rate of 2.9% in the fourth quarter of 2022, according to yesterday’s report from the Labor Department.

Per the report, the rise in fourth-quarter GDP was due to increases in private inventory investment, consumer spending, federal government spending, state and local government spending, and nonresidential fixed investment. The report, meanwhile, showed declines in residential fixed investment and exports. Consumer spending–which accounts for about 68% of GDP–rose by 2.1% in Q4, marking a decline from Q3’s rate of 2.3%.

Q4’s growth rate was slower than the 3.2% year-over-year increase in GDP that the U.S. saw in Q3. For the entire year, GDP increased by 2.1% in 2022 overall compared to 5.9% across 2021. Per the Labor Department, 2021’s increase was the fastest pace of GDP growth since 1984.

National Archives reaches out

The U.S. National Archives sent a letter yesterday asking former presidents and vice presidents to search their personal records for any classified documents or other materials from their time in office.

The request comes after classified documents were found in the homes of President Joe Biden, former President Donald Trump, and former Vice President Mike Pence over the past several months. Those contacted included former presidents and vice presidents from the last six presidential administrations covered by the Presidential Records Act (PRA), which governs the official records of Presidents and Vice Presidents that were created or received after January 20th, 1981, and changed the ownership of those records from private to public.

Former President Jimmy Carter didn’t receive a letter from the Archives, since he is exempt from the PRA. Though Carter signed the PRA into existence, it didn’t take effect until he left office.

Violence in the West Bank

10 Palestinians lost their lives and at least 20 others were injured yesterday when Israeli forces carried out an operation in the occupied West Bank.

According to the Palestinian Ministry of Health, nine of the deceased were in the Jenin refugee camp after Israeli forces raided the area. Four of the wounded others were in critical condition as of last night. In a statement, the Israel Defense Forces said it sent its troops into Jenin to “foil imminent attack plans” from Islamic Jihad fighters. In response, the Palestinian Authority said it would suspend the security coordination it maintains with Israel in a shared effort to contain Islamic militants.

A United Nations official speaking on the condition of anonymity stated that, in terms of casualties, the raid marks the deadliest single incident in the occupied West Bank since at least 2005–the year that the U.N. started counting casualties there.

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Quick Tips

Around the Globe

Russia launched a wave of missiles at Ukraine yesterday, leaving at least 11 dead and injuring 11 others; the offensive came one day after Germany and the U.S. pledged tanks to aid Kyiv in the ongoing conflict (More)
Toyota Motor Corporation president and CEO Akio Toyoda will step down on April 1st and become the chairman of the board of directors; Toyoda will be replaced by Koji Sato, current president of both the Lexus brand and Gazoo Racing (More)
France agrees to withdraw troops from Burkina Faso within a month after the West African country’s military rulers asked it to leave, according to the French foreign ministry (More)

On the Homefront

Chipotle plans to hire 15K employees ahead of the company’s peak period between March-May, which it refers to as “burrito season,” according to a press release (More)
Five former Memphis police officers who were fired for their actions during this month’s arrest of Tyre Nichols were each charged with one count of second-degree murder, one count of aggravated assault, two counts of aggravated kidnapping, two counts of official misconduct, and one count of official oppression (More)
Former NFL defensive end Jessie Lemonier passed away at the age of 25, according to an announcement from the Detroit Lions; a cause of death was not specified as of last night (More)

Glitz & Games

HBO releases ‘Succession’ season four trailer and unveils a premiere date of March 26th (More)
Kazakhstan’s Elena Rybakina defeats Victoria Azarenka in the Australian Open semifinals and will face Aryna Sabalenka of Belarus in the final round; the appearance marks Rybakina’s second final in a span of three grand slam tournaments (More)
‘Avatar: The Way of Water’ surpasses ‘Avengers: Infinity War’ to become the fifth highest-grossing movie of all time with a $2.054B global box office haul (More)

Business & Markets

Major indexes in the stock market closed higher following yesterday’s GDP report (Dow +0.61%, Nasdaq +1.76%, S&P 500 +1.10%)
FTX’s full list of creditors was unsealed yesterday and includes media companies, universities, airlines, and charities, among others, according to a court filing (More)
Fintech SaaS company Stripe is seeking an exit over the next 12 months with plans to either go public or pursue a private transaction such as a fundraising event and a tender offer, per sources familiar with the matter (More)

Tips & Tricks

Feel Good: Watch a mother and son receive tickets to the Philadelphia Eagles playoffs game along with a little something extra after helping out a stranger in a random act of kindness
Sneak Peek: See David Harbour become a friendly ghost in the official trailer for the upcoming Netflix film We Have a Ghost (as a bonus, the cast features none other than the Comeback Queen herself, Jennifer Coolidge)
Bump This: Put some pep in your step this morning with the spacey single “Homebody” from indie rockers Beach Weather - listen on Apple Music and Spotify
Chow Down: For a refreshing dose of muscle-building protein, gut-supporting fiber, and a whole lot of deliciousness, check out this recipe for lemon poppy smoothies that will surely help you start any day off on the right foot
Go Deep: Read up on how vehicle thefts and carjackings have spiked in 30 major U.S. cities since 2020, according to a report from the Council on Criminal Justice
Hot Goss: A 32-year-old British mountaineer reportedly had his leg amputated after falling at 20K feet on Argentina’s Mount Aconcagua (oh, man…wishing him a speedy recovery)
Life Hack: Being able to write strategically and thoughtfully is an underrated skill that nearly all successful people have, according to a Harvard neuroscientist - here are five tips to sharpen your writing and boost your communication skills

Tip-Offs

America’s top 10 eyesore buildings.

Spending a day in the coldest village on Earth.

The income you need in each state to be considered the 1%.

A portrait of misty half-light in the Swiss Alps.

…and crashing waves against volcanic rocks in Maui.

Looking into the face of a perfectly preserved dinosaur.

Why you should consider dining out alone.

From Rome to the Galapagos Islands, the world’s scariest prisons.

Looking Back…

On January 27th: The Paris Peace Accords are signed, ending the war in Vietnam (1973); Thomas Edison patents the incandescent lamp (1880); American astronauts Virgil I. Grissom, Edward H. White, and Roger B. Chaffee perish in a fire aboard Apollo 1 during a simulated launch (1967); British author Lewis Carroll is born (1832).

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