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Dose Of News Useful Today
Tuesday, December 22nd

Tues’ Company

Welcome to Tuesday. Find out what’s in the imminent stimulus bill, witness a volcanic eruption, and test your mettle against the best optical illusions of the year – today’s news awaits. 🗞👇

  • 🚀⏰ Ready, Set, Go: Today’s newsletter takes ~5 minutes to read. (1,321 words)

Daily Sprinkle

“You just can’t beat the person who never gives up”

-Babe Ruth

📝💰Stimulus Update

Congressional leaders announced agreement on a ~$900B coronavirus relief bill late Sunday, releasing the legislative text Monday afternoon. 

  • The Senate voted 92-6 in support of the legislation just before midnight on Monday. The House approved the bill by a 359-53 vote. President Trump is expected to sign the measure in the coming days.

 

A deeper dive…
The bipartisan compromise includes:

  • $284B in forgivable loans through the Paycheck Protection Program.
  • $166B in direct payments of $600 to individuals making up to $75K per year. Treasury Secretary Steven Mnuchin said the checks would be sent out as soon as next week. (Find out if you’re eligible.)
  • $120B in additional unemployment, with jobless workers receiving an extra $300 per week in federal benefits through March 14 (on top of state unemployment benefits).
  • $82B towards schools, including $54B for public K-12 schools and nearly $23B for a higher education fund.
  • $69B for COVID-19 testing, tracing, and vaccines.
  • $45B in transportation aid, including $15B for airlines, $14B towards public transportation, and $10B for state highways.
  • $25B in rental assistance and an extension of the federal eviction moratorium through January.
  • $15B for independent movie theaters, live entertainment venues, and cultural institutions.

Lawmakers passed the stimulus package alongside a $1.4T measure to fund the federal government through next September.

  • The combined omnibus spending bill represents a $2.3T package, slightly bigger than the $2.2T CARES Act passed in late March and one of the largest ever approved by Congress. Dig deeper.


What’s Next?
Congress approved a seven-day stopgap spending bill late Monday, giving the Executive Branch up to an extra week of runway to process the 5,593-page omnibus bill (if needed).

This Deal Is Good Enough

LEFT CENTER → New York Times (Opinion)

Former congressman suggests adding $300 or $400 to stimulus checks — for people who get the COVID-19 vaccine

RIGHT CENTER → MarketWatch (Opinion)

What the stimulus bill tells us about each party

LEFT → Washington Post ($) (Opinion)

Congress manufactures another coronavirus crisis

RIGHT → Washington Examiner (Opinion)

Questions about the rating system we use?
Learn more

Share Today's Dose of Discussion

🚫 West Point Cheating Scandal

The U.S. Military Academy (AKA Army or West Point) accused more than 70 students of cheating on a remote calculus exam – the university’s biggest such scandal in 45 years. Fifty-eight cadets admitted to breaking the academy’s notoriously strict Honor Code by cheating on the exam, and will be enrolled in a program for rehabilitation. Four other cadets resigned, and will not face further punishment.


The remaining cadets accused of cheating will face administrative hearings to decide whether a violation occurred, and could face penalties that include expulsion.


More: One of the largest cheating scandals at a taxpayer-funded university occurred at West Point in 1976, when more than 150 cadets resigned or were expelled for cheating on an electrical engineering exam. Another cheating incident in 1951 - depicted in the ESPN film Code Breakers - led to 37 members of Army’s football team being dismissed.

🌋 Hawaiian Volcano Begins Erupting

Hawaii’s Kīlauea volcano began erupting late Sunday night, forcing the state’s Big Island to issue a red alert Monday morning (the eruption is still ongoing). A 4.4-magnitude earthquake was recorded about an hour after the eruption began Sunday evening. By 1 a.m. local time, officials from the U.S. Geological Survey reported lava fountains shooting ~165 feet into the sky (video).


More: Kīlauea, the world’s most active volcano, last erupted in 2018 – a major event that lasted months, destroying more than 700 homes and forcing thousands of people to evacuate.

💉 EU Approves Pfizer/BioNTech Vaccine

The European Commission approved Pfizer/BioNTech’s vaccine Monday afternoon, hours after the EU’s drug agency said the shot was safe and effective against COVID-19. Distribution of the vaccine to the EU’s ~448M inhabitants is expected to begin on Thursday, with the first Europeans receiving the shot on Sunday.


More: President-elect Biden and future First Lady Jill Biden publicly received the first dose of Pfizer/BioNTech’s vaccine yesterday. (Video)

LEFT CENTER → NYT

RIGHT CENTER → WSJ

🍵 The Tea: Russian opposition leader Alexei Navalny, who was hospitalized in August after being poisoned by a nerve agent, reportedly tricked a Russian agent into giving details of the attack by impersonating a security officer over the phone. The Russian asset revealed the poison was placed in a pair of Navalny’s underpants. (Full recording – 33 mins)

 

📉 Welcome to the Club

Tesla shares fell 6.5% yesterday as the company made its debut on the S&P 500 stock market index. The EV-maker entered trading Monday as the sixth-largest company in the index, with its market cap of ~$527B making up 1.69% of the S&P 500’s combined valuation.

🚘🔋Clash of the Titans

Per Reuters, Apple plans to develop and produce a self-driving electric vehicle featuring a breakthrough battery design by 2024, though sources warned pandemic-related delays could push the start of production into 2025 or beyond. Apple’s automotive program, Project Titan, reportedly features a new battery design that could “radically” reduce the cost of batteries and increase the vehicle’s range.


More: It remains unclear who would manufacture an Apple-branded car, but the company is expected to rely on a partner to build the vehicles. According to sources, there is still a chance Apple could scale back its operations to an autonomous driving system integrated with a traditional automaker’s model.

🚀 Lockheed Blasts Off

Lockheed Martin, the largest defense contractor in the U.S., agreed to acquire rocket engine and missile manufacturer Aerojet Rocketdyne in an all-cash deal worth $4.4B (including assumed debt). Should the acquisition receive regulatory approval, it is expected to close in the second half of 2021.


More: Analysts say Lockheed’s acquisition is intended to position the company to better compete against Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin in the growing space industry.


🏦 SoftBank filed to raise $525M through an initial public offering via special purpose acquisition company (SPAC).


🍵 The Tea: Former Bloomberg journalist Christie Smythe went on the record for the first time about how, over the course of nine months, she quit her job, moved out, and divorced her husband to pursue a romantic relationship with the incarcerated man she was assigned to cover – disgraced pharmaceutical executive and hedge-fund investor Martin Shkreli. The Journalist and the Pharma Bro.

 

🎨 A Happy Little Accident


Harumichi Shibasaki, a 73-year-old painter from Chiba, Japan, had taught watercolor classes for over 40 years when he started a YouTube channel in 2016. Through the channel, Harumichi intended to provide professional art instruction to a greater number of aspiring artists.


Harumichi has since garnered more than 700,000 subscribers on YouTube. Sporting an additional 300k followers on TikTok, he is now known as the “Japanese Bob Ross.”

🎓 Graduation Day


In November 2017, Charlie Smith of Powder Springs, GA, was born at just 25-weeks – weighing only one pound. He was given a 50 percent chance of survival.


On November 1st, 2020 – a day before his third birthday – Charlie was deemed “no longer dependent on life-sustaining machines” by his pediatric medical staff, who threw the young boy an adorable graduation ceremony to celebrate the milestone.

🐶 Liddie Come Home


Last month, Kirstin Kapp of Douglas, WY, was distraught to discover her dog, Liddie, had disappeared during a bathroom break while under the care of a friend. In fact, the poor pup had gotten lost almost an hour away from home.


Kirstin searched desperately for Liddie, contacting local animal shelters, newspapers, and Facebook groups to spread the word about her missing dog. Finally – after 21 days – Liddie was returned to her owner in a tearful reunion. (Video)

 
  • 🌐 What a Tangled Web We Weave… ProPublica published leaked documents over the weekend showing how China’s paid army of Internet trolls helped the government manipulate its domestic internet to censor news about the coronavirus.

  • 🎩🐇 Under the Illusion… the Neural Correlate Society published the top 10 finalists for its annual Best Illusion of the Year Contest. The full list of winners.

  • 🛰️ Eye in the Sky… San Francisco-based startup Capella Space recently launched a satellite capable of taking high-resolution images of any place in the world, and can even see inside some lightweight structures.

 

🕷️ Spider Insider

How old was the longest-living spider in recorded history when she died?


A) 29 years old
B) 54 years old
C) 43 years old
D) 36 years old

(keep scrolling for the answer)

 

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Dose of Knowledge Answer

C) 43 years old


The longest-lived spider in recorded history was a wild female trapdoor spider named ‘Number 16’ that lived in Western Australia from 1974 until 2016. Researchers believe Number 16 did not die of old age, but rather due to a parasitic wasp sting.

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