Should we be worried?... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Monday, May 23 2022

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Good morning and welcome to Monday. This week’s goal is to be like a pineapple.

Stand tall, wear a crown (if the dress code allows it), and be sweet on the inside!🍍💕

🚀⏰ Ready, Set, Go: Today’s news takes 4.29 minutes to read.

🍩 Daily Sprinkle

“How long are you going to wait before you demand the best for yourself."

–Epictetus (50 A.D. – 135 A.D.)

🗣 Dose of Discussion: A 360° Look at a Hot-Button Issue

How Redistricting is Shaping the Battle for Congress

Image: Ziniu Chen/UVA

A New York judge adopted a new US House district map late Friday, replacing the one previously drawn by Democratic state lawmakers after a months-long legal challenge from GOP voters.

🗽 A deeper dive... Every decade, states redraw district lines for the House and local offices after receiving population data from the latest census. 

New York currently has 27 House districts, which will shrink to 26 after the upcoming midterms.

  • NY Democrats initially proposed maps that would likely have halved the number of GOP districts from eight to four, but an appeals court ruled that they violated an anti-gerrymandering provision in New York’s Constitution.
  • The new court-drawn maps released Friday give Republicans a chance to win up to 11 House seats, according to the court-appointed "special master" who drew them.

🇺🇸 The big picture: On a national level, Democrats had hoped the likelihood of more NY seats would help outweigh Republican gains in states where the party controls the drawing of district lines, like Florida (+4 GOP | -3 Dem) and Georgia (+1 GOP | -1 Dem).

  • Republicans need to flip five seats in November to win a majority in the House, where all 435 members are up for reelection every two years.
  • In the Senate – which elects ~⅓ of its members every two years – the GOP only needs to flip one seat for a simple majority.

+In the know: The number of competitive House districts – categorized by races won with less than 55% of the vote – is on pace to fall below 40 out of 435 seats, the lowest level in at least three decades, per the NY Times.

See the 360° View →
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⏱ Speed Rounds: Quick, Impactful Stories

Around the World in 37 Seconds

Image: Getty

🇦🇺 Australia elected a new government. Prime Minister Scott Morrison conceded defeat after his right-leaning Liberal party was defeated by the left-leaning Labor party in Saturday’s parliamentary election, though there are millions of votes still left to count.

🇭🇹 Haiti is dealing with a gang violence epidemic. Nearly 200 people have been killed in the country between April 24 and May 16, with another 174 people injured, missing or kidnapped for ransom, per new figures from the UN human rights office. Roughly 1,700 schools have been shuttered amid the spike in violence, leaving over half-a-million children without access to an education.

🇺🇦 Ukraine won’t agree to concessions or an immediate ceasefire with Russia. In an interview with Reuters yesterday, Ukrainian presidential adviser Mykhailo Podolyak ruled out any territorial concessions to Moscow and said his country's military wouldn’t agree to a pause in the fighting; the last pocket of Ukrainian resistance in Mariupol surrendered last week, which means Russia has full control of a land bridge connecting its mainland with the Crimean Peninsula.

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A Live Look at the Markets Last Week

Image: Giphy

As you may have guessed from the image, last week’s market performance can be summed up in two words: not good.

📉 By the numbers…

  • The Dow: Is in correction territory and finished the week down 3%, its eighth-consecutive week in decline. That’s good for the benchmark’s longest losing streak since 1923.
  • S&P 500: A late Friday rally saved the index from officially closing in bear market territory, but it still fell for the seventh consecutive week. (Something that’s only occurred five times since 1928.)
  • Nasdaq: The tech benchmark dropped ~4% last week; it’s now down more than 30% since last November.

🤔 What’s going on?... Put simply, investors think we’re headed towards a recession. In fact, every recession since 1968 has prompted a bear market like the one we’re currently in, according to data from CFRA Research.

📸 The big picture: Inflation is still near four-decade highs, the geopolitical turmoil caused by the conflict in Ukraine isn’t helping markets much, and neither is China’s slowing economy or recent virus lockdowns (which manifest themselves in supply-chain issues).

👀 Looking ahead… The Fed is expected to raise rates by half-a-point (0.5%) in both June and July.

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Monkeypox, Explained

Image: Luis G. Rendon/The Daily Beast

New York health officials announced late on Friday that an NYC resident had tested positive for the virus that causes monkeypox.

  • If confirmed, it would be the second official case in the US this year, after a Massachusetts man who had recently traveled to Canada was diagnosed last Wednesday.

🤔🐒 What’s going on?... Monkeypox is “a rare but potentially serious viral illness” that begins with flu-like symptoms and lymph node swelling, later progressing to a rash on the face or body, according to health officials.

  • It was largely forgotten when its cousin virus, smallpox, was officially eradicated in 1980, since the vaccine against smallpox is believed to work against both viruses. 
  • But in recent weeks, more than a dozen countries across four continents have reported confirmed and possible cases.

🦠 More deets...

  • Monkeypox has two main types – one with a fatality rate around 1%, and another with a fatality rate close to 10%; experts say the current circulating virus strain appears to be the milder type.
  • The virus doesn’t spread easily between people, but it can be transmitted by droplets and through close contact with infected skin lesions or contaminated materials.
  • Monkeypox is also a DNA virus, so it doesn’t mutate as rapidly as RNA viruses like Covid or the flu.

💬 What they’re saying: "I don't think there's a reason for panic. I don't think we're going to have tens of thousands of cases,” Daniel Bausch, president of the American Society of Tropical Medicine & Hygiene, told Axios.

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🍩 DONUT Holes

Images: Iwan Baan/Google

  • ☝️ Google’s new global HQ in Mountain View, California, is covered in a “dragonscale solar skin” – 50,000 uniquely layered panels that maximize energy output by capturing sunlight from all different angles.

BUSINESS & MARKETS

  • 🥜 J.M. Smucker recalled more than 45 different Jif peanut butter products after finding a potential link to an outbreak of salmonella (so if you see a lot code between 1274425 to 2140425, toss it).
  • 🍼 The first shipment of baby formula from Europe landed in the US yesterday.
  • The average price for a gallon of gas in the US spiked 33 cents over the past two weeks to reach a record $4.71, per industry analyst Trilby Lundberg; AAA had the national average at $4.59 as of yesterday.

SPORTS, MEDIA & ENTERTAINMENT

  • 👋 Goodbye from New York: Pete Davidson, Aidy Bryant, Kate McKinnon and Kyle Mooney said their farewells to Saturday Night Live during the Season 47 finale this weekend.
  • 🏌️🏎️⚽ Sports results: Justin Thomas won his second PGA Championship after rallying from seven shots down yesterday to force a playoff against Will Zalatoris; Red Bull teammates Max Verstappen and Sergio Perez placed first and second in yesterday’s F1 Spanish Grand Prix; Manchester City won the English Premier League for the fourth time in five years after a dramatic comeback against Aston Villa held off Liverpool's charge.

SCIENCE, SPACE & EMERGING TECH

EVERYTHING ELSE

  • 🇰🇵 North Korea on Sunday said its ongoing Covid outbreak is slowing, with new "fever" cases dropping below 200,000.
  • 🌍 Finnish President Sauli Niinistö called Turkish President Recep Tayyip Erdogan on Saturday to discuss his conditions for Finland and Sweden’s membership in NATO.
  • 🚷 Pedestrian deaths reached a 40-year high last year (7,400), according to preliminary data from the Governors Highway Safety Association.

🔥 The Hot Corner

💬 Quoted…Why did you do this?

  • A verdict is expected later today in Ukraine’s first war-crimes trial, which features a Russian sergeant who pleaded guilty to killing an unarmed civilian in a village near Kyiv last month.

🏢 Stat of the Day: The average building wastes 30% of the energy it consumes.

🤯 Did You Know?... The sun actually emits white light; it only appears yellow or orange because the Earth’s atmosphere scatters shorter wavelengths that make up the colors violet, blue and green. (Fun fact: This is also the reason why the sky is blue.)

📖 Worth a Read: How a Tweet Led to the Downfall of a $1 Billion Drug Cartel → (Vice)

📅 The Week Ahead

Monday: SCOTUS to issue at least one opinion from its docket of cases

Tuesday: Midterm primaries in AL, AR and GA, plus runoffs from TX’s March 1 primary

Wednesday: The second anniversary of George Floyd's murder; National Wine Day

Thursday: College softball Super Regionals start

Friday: Top Gun: Maverick hits theaters; Day 1 of Boston Calling music festival; the first five episodes of Stranger Things season four hit Netflix

+It's almost Memorial Day weekend: Get those grills, boats, and tubes ready.🇺🇸😎

🤗 Daily Dose of Positive

Beaches for Everybody

Image: Facebook

The rangers at Cape Hatteras Nation Seashore in North Carolina are determined to ensure everyone can enjoy the soft sands and waters of their beautiful beaches... including those with mobility issues or disabilities.

☀️🌊♿️ Accessibility for all: The team introduced beach wheelchairs to the park, which are available in all of their districts free-of-charge.

  • As the rangers shared on Facebook: "Beach wheelchairs [assist] with doing what we all love – getting outside and enjoying the beach!"

🧠🧩 Today's Puzzles

Trivia: Approximately what percentage of the world is left-handed?

🥑 True or false… Avocados are a vegetable.

🤔 Riddle me this: What gets wetter the more it dries?

(keep scrolling for the answers)

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🧠🧩 Answers

Trivia: 10–12%

🥑 T/F: False, avocados are a fruit – a berry, to be specific.

🤔 Riddle: A towel

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