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  • China Announces First-Ever Emissions Cuts as US Denies Climate Change at UN Assembly

    China, the world's largest producer of greenhouse gas emissions, announced a new emissions reduction target yesterday at the UN General Assembly, while the US continued to deny the existence of climate change. The United Nations General Assembly is the primary policy-making branch of the UN, hosting an annual meeting in September each year. This session continues through December before a quick winter break, with the assembly resuming in January and lasting until all agenda items have been addressed. This year, in their 80th session, they have been emphasizing the need to end the raging wars across the globe, in addition to meeting the Sustainable Development Goals (SDGs). These goals, established in 2015, set targets for 17 different goals that humanity must meet in order to achieve an optimal society for humans and the planet. However, a rise in global emissions has hindered the world's progress towards multiple of these goals– carbon dioxide, nitrous oxide, methane, and other greenhouse gases heavily impact the environment and contribute to the consistent warming of the entire planet. Now, China – which has historically been the world's largest polluter – is taking action. Chinese President Xi Jinping announced at the UN General Assembly through a video appearance that they will attempt to decrease their greenhouse gas emissions by around 7-10% over the next 10 years, a major step forward for a country that has never intended to acknowledge their significant role in climate change at all. Their goal, a reduction of 7-10%, may not appear huge, but China's massive emissions mean that any sort of cut could have significant implications for the environment. In 2023, China released around 12.6 gigatonnes of carbon dioxide, making up around 35% of the world's carbon emissions for that year. If China was able to reduce that number by just 10% in 10 years, they could bring that number down by 1.26 gigatonnes by 2035. Additionally, China's goal is realistic and achievable, unlike goals that other countries have set for themselves but have been unable to meet them. Meanwhile, the United States presented their view on the exact opposite side of the issue, with President Donald Trump calling climate change a massive "con job" and encouraging countries to minimize their usage of renewable energy. He also described the entire situation as a "green scam" and told other nations to buy fossil fuels from the United States instead of investing in renewable energy. However, the US is largely alone on this viewpoint, with dozens of other major countries announcing brand-new pledges to reduce emissions. Renewable energy is growing all over the world due to its cheaper energy costs and lower environmental impact, including oil-producing nations like Saudi Arabia and Norway. Fact of the Day (The Fact Site): There is a company in the U.K. that offers “being hungover” as a valid reason for calling off work. Employees are allotted four hungover days per year. Quote of the Day (Gracious Quotes): Grief can be the garden of compassion . If you keep your heart open through everything, your pain can become your greatest ally in your life’s search for love and wisdom . ( Rumi) Word of the Day (Merriam-Webster): Brandish (verb, BRAN-dish) - To brandish something, such as a weapon, is to wave or swing it in a threatening or excited manner. In a Sentence: Squeals of laughter erupted as three children brandishing squirt guns rounded the corner of the house. Image credit to European Commission

  • Hong Kong Battered As Super Typhoon Ragasa Strikes Southern China

    Super Typhoon Ragasa is shaping up to be one of the most powerful storms of the year after pummeling the Philippines, Taiwan, and now southern China. Ragasa began as a tropical depression in the western Pacific, steadily moving westward towards the Philippines. Just days later, the storm passed the northernmost Philippine island of Luzon on Monday, packing winds of over 160 mph and heavy rain. Tens of thousands of people were evacuated ahead of the typhoon's arrival, which led to landslides and flooding across the northern part of the archipelago, and at least three people were killed. Then, the storm moved further west, impacting Taiwan. While the typhoon did not directly hit the island, its outer bands were strong enough to spark life-threatening flooding in south and eastern Taiwan. In Hualien County, to the east, the rain caused a barrier lake to overflow, with the ensuing inundation leading to the flooding of the entire town of Guangfu. Additionally, a bridge collapsed due to the floodwaters. At least 8,000 people were evacuated across Taiwan, and at least 14 people were killed in the disaster– most of the deaths were due to the barrier lake burst. Yesterday, Super Typhoon Ragasa arrived in southern China, passing Hong Kong with winds of over 130 mph before making landfall to the west of Macau. Ahead of the storm, both Hong Kong and Macau issued a T10, their highest storm warning, and over two million people were evacuated as Hong Kong, Macau, Shenzhen, Guangzhou, and Zhuhai shut down in preparation. Trees have been blown down, windows shattered, basements flooded, and a total of 62 people have been injured due to the dangerous conditions. The aftermath of the storm is just starting to emerge, but the typhoon has continued onward. It made landfall last night near the city of Yangjiang, just after weakening from a super to a severe typhoon. It is expected to weaken in the coming days, but the wind and rain could persist for some time. Fact of the Day (The Fact Site): Norway used to have a 25-year statute of limitation on murder. This meant that if the murder happened more than 25 years before, the suspect could not be charged. However, that law was abolished in 2014. Quote of the Day (Gracious Quotes): Analyzing humor is like dissecting a frog. Few people are interested and the frog dies of it. ( E.B. White) Word of the Day (Merriam-Webster): Nonpareil (adj, nahn-puh-REL) - Nonpareil describes that which has no equal because it is better than any other. In a Sentence: To this day, the band's debut album is still considered nonpareil , raising the bar for every rock group to follow. Image credit to South China Morning Post

  • Jimmy Kimmel Returns to Late Night Show Following Suspension from ABC

    Renowned TV host Jimmy Kimmel will resume broadcasting his late night show 'Jimmy Kimmel Live!' today, less than a week after ABC suspended the program. Around two weeks ago, right-wing political activist Charlie Kirk was fatally shot at a rally at Utah Valley University, sparking outrage across the United States. An extensive manhunt ensued, with authorities searching for the killer using clues like handprints and bullet casings, and he was eventually found to be Tyler Robinson, a 22 year old Utah native . Soon after the attack, politicians began commenting on the disaster, condemning the act of political violence. Nevertheless, Jimmy Kimmel made several contrasting comments on his late night show, announcing that Trump's supporters, who he referred to as "the MAGA gang," were "desperately trying" to label Tyler Robinson as "anything other than one of them." He also added that they were "doing everything they can to score political points from it," leaving the Trump administration bristling. The Federal Communications Commission (FCC), led by Trump ally Brendan Carr, quickly moved into the situation, stating that ABC's broadcasting license was at risk of being revoked due to the controversial comments. Because of this, ABC pulled Kimmel's show off the air on Wednesday, leading to free speech-related doubts across the country. Additionally, Nexstar Media Group also confirmed that they would not broadcast Kimmel's show. Nexstar is a media group that currently holds about 10% of ABC-affiliated local television networks, and they have been working on a major, $6.2 billion merger with another broadcasting company, Tegna. However, their merger relies on FCC approval. Kimmel wasn't the only one to be affected, though. Matthew Dowd, a political analyst at MSNBC, was fired after making a remark about Charlie Kirk's extremism– specifically, "hateful thoughts lead to hateful words, which then lead to hateful actions." Meanwhile, dozens of employees in various industries, including teachers, firefighters, and military service members, were terminated due to their comments on social media about Charlie Kirk's death. Various politicians, including President Trump himself, applauded ABC's suspension of Kimmel's late night show, with Trump calling for the suspension of other late night shows as well. However, the move also led to serious backlash, with citizens claiming that it was against the First Amendment rights given by the US Constitution and was a clear display of the country's growing limits on free speech. Now, ABC has announced that they are bringing Kimmel's show back, with Kimmel scheduled to broadcast once again tonight. The network confirmed that the comments were "ill-timed and thus insensitive," but after spending the last few days "having thoughtful conversations with Jimmy," they decided to bring his show back. Fact of the Day (The Fact Site): 50% of apartments in Los Angeles don’t come with a fridge. This is legal, as fridges are considered an “amenity,” and therefore, landlords are not required to provide one. Quote of the Day (Gracious Quotes): If liberty means anything at all, it means the right to tell people what they do not want to hear. ( George Orwell) Word of the Day (Merriam-Webster): Catch-22 (noun, KATCH-twen-tee-TOO) - Catch-22 typically refers to a difficult situation for which there is no easy or possible solution. In the narrowest use of the term, it refers to a problematic situation for which the only solution is denied by a circumstance inherent in the problem or by a rule. In a Sentence: I’m in a catch-22 : to get the job I need experience, but how do I get experience if I can’t get the job? Image credit to ABC News

  • Several European Airports Still Struggling After Cyberattack

    Various European airports are still suffering from delays after a cyberattack caused chaos over the weekend. The cyberattack took place on Friday night, targeting the systems provided by US-based manufacturing company Collins Aerospace. Collins' parent corporation, RTX, confirmed that the disruptions were "cyber-related," with the attack specifically hitting their MUSE software. This software is crucial to airport operations and passenger handling, as it allows major airports to check in passengers of different airlines using the same system. In total, several major airports were affected, including London Heathrow, Dublin, Berlin-Brandenburg, and Brussels. On Saturday, Dublin delayed around 46% of their flights, while Brussels delayed 66% and Heathrow delayed 47%. On Sunday, Heathrow and Dublin seemed to improve their issues, but Brussels, Barcelona, and Frankfurt maintained high numbers of cancelations and delays. Heathrow, one of the busiest airports in the world, remained relatively unaffected as the weekend progressed, with some delays and several cancelations, but the primary issue was longer check-in lines due to the manual processes. Meanwhile, Brussels Airport was the most affected, with the problems persisting throughout the weekend and leaving around half of all passengers with delayed flights. Unfortunately, Brussels has been unable to work around the cyberattack, leading to large numbers of delays on Saturday and Sunday. At least 60 flights scheduled for today have already been canceled, and the airport is urging passengers to check their flight status before coming to the airport. To solve the problem, RTX instructed those affected to shift to manual check-in while they work on fixing the problem. However, Collins has still failed to provide an updated version of the software. Airports across Europe are requesting passengers to check their flights before arriving at the airport to avoid inconveniences due to cancelations or major delays, but most of the airports affected have found other workarounds by now. Fact of the Day (The Fact Site): In order to protest the high tariffs enforced by a U.K. censorship board, a filmmaker sent in a 10-hour “movie” of white paint drying. They were required to watch the entire film. Quote of the Day (Gracious Quotes): You learn how to be a gracious winner and an outstanding loser. ( Joe Namath) Word of the Day (Merriam-Webster): Lugubrious (adj, loo-GOO-bree-us) - Lugubrious is a formal word used chiefly to describe something that is very sad especially in an exaggerated or insincere way. The word can also describe something that shows or expresses gloom. In a Sentence: The movie’s stunning cinematography could not make up for the lugubrious and plodding plot. Image credit to Shutterstock

  • Trump Administration Announces $100,000 Fee for New H1-B Applicants

    US President Donald Trump announced on Friday that they will be implementing a $100,000 fee for all H1-B applicants, drastically changing immigration for the next few years. An H1-B is a non-immigrant visa where foreign workers can come to the United States to work in a specific occupation where they are needed. Companies are required to sponsor a visa for people on an H1-B, resulting in a lottery fee of $215 and a filing fee of $780. However, that number is expected to drastically increase following the Trump administration's latest announcement. Trump announced on Friday that all new H1-B applicants will need to pay a $100,000 fee to arrive in the US, sparking outrage and chaos across the world. The H1-B visa system is heavily utilized by the entire world, with hundreds of thousands of people applying each year to attempt to come to the United States and build a better future. For 2025 alone, over 479,000 people applied for the program, but the annual cap for bachelor's degrees is just 65,000 people. Another 20,000 are allowed into the program if they are coming with an advanced degree from an American institution, but they are often transitioning from an existing student visa like an F-1. Among these applicants, around 70-75% of them come from India, and Indians are currently the richest minority in the United States, with an average household salary of $151,000 in 2023. Many of these Indians aspire to move to the US to build a new future, moving into highly-skilled professions like medicine, engineering, and IT, but it is extremely rare for an H1-B applicant to possess $100,000 that they can pay to the US government as part of their filing fee. Within the US, various tech giants have expressed their displeasure with the fee, as they also rely on immigrants when hiring new employees. Amazon is currently the largest employer of H1-B visa holders, with over 10,000 of them in their workforce, and they aren't the only ones. Microsoft and Meta each maintain over 5,000 employees on H1-Bs, while Apple and Google have around 4,000 each. Tech isn't the only industry that relies on H1-Bs, though. Major banking corporations, such as JPMorgan Chase, also employ a large number of H1-B users, along with large consulting firms like EY and Deloitte. Trump, on the other hand, has maintained that the move will help companies work towards hiring more American workers. Immigrants from other countries offer a cheaper alternative for big tech companies, who attempt to hire large amounts of highly-skilled workers at the lowest pay rate possible. Meanwhile, skilled Americans are often left in the dust, as companies offer the job to the immigrant who asks for less to do the same work. Now, Trump's new fee essentially requires companies to employ American workers, as there are very few companies willing to pay $100,000 in filing fees to sponsor a foreign worker who does not have the money to pay for it. Experts fear, though, that there will not be enough Americans to fill the gaps, as many industries simply rely on immigrant workers to function. However, the fee does not apply to existing H1-B visa holders who are currently residing in the United States or abroad, nor does it apply to H1-B visa holders who are looking to renew their visa. Following the initial, vague announcement on Friday, the White House was forced to make another emergency announcement on Saturday clearing up the chaos. Many people had mistakenly believed that the $100,000 was an annual fee, while others were not clear on the fact that only new applicants would receive the fee. The fee went into effect last night at midnight and will last for one year unless it is extended, but it is expected to face various legal challenges before it is truly in the clear. Numerous experts have pointed out Trump's lack of authority to impose such a fee, but whether opposing lawyers will be successful in court is yet to be seen. Nevertheless, the US economy is sure to take a significant hit as long as the fee remains in place, and application numbers are sure to plummet. Fact of the Day (The Fact Site): 500 seeds of 5 different types of seeds were taken into orbit around the Moon and later planted around the U.S. as well as several other countries. They were named "Moon Trees," and many are still alive today. Quote of the Day (Gracious Quotes): Give up being right. Instead radiate peace , harmony , love, and laughter from your heart. ( Deepak Chopra) Word of the Day (Merriam-Webster): Enmity (noun, EN-muh-tee) - Enmity is a formal word that refers to a very deep unfriendly feeling, such as hatred or ill will, that is often felt mutually. In a Sentence: Having to collaborate on the project only increased the bitter enmity between the two coworkers, who had never gotten along. Image credit to Bloomberg

  • UN Security Council Triggers Snapback Sanctions on Iran

    The United Nations Security Council could trigger snapback sanctions for the entirety of Iran, serving as the latest development in Iran's complex storyline. Snapback sanctions were originally included into the 2015 Iranian nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), which was made between the UK, France, Germany, Russia, China, EU, US, and Iran. This deal relieved Iran of several sanctions that had been hindering their economy, while Iran did its part to restrain their nuclear program. However, under the special condition, if Iran showed any sort of non-compliance with the agreement's terms in the future, one of the countries that brokered the deal can trigger the snapback sanctions. This would reimpose all of the UN sanctions that were previously removed, and no country in the deal can veto the decision. By suggesting the implementation of snapback sanctions, the Security Council attracted various watchers that quickly began paying attention to their actions. However, Iran refuses to completely shut down their nuclear program, which goes against the rules set by the JCPOA. Now, if the sanctions are successfully put into place, it could have a devastating effect on the Iranian economy. The country's economy is already struggling under the weight of a poor financial situation and increased sanctions from nations all over the world– and those sanctions could become much, much worse if these snapback sanctions were to take effect. Nevertheless, Iran is arguing their point, claiming that the world has no right to punish them after they never reached a real deal with the United States– talks stalled during the summer after American forces bombed Iran in the middle of negotiations. Fact of the Day (The Fact Site): Only official members of federally accepted Native American tribes may legally possess or collect eagle feathers. If a normal citizen has one, it is illegal. Quote of the Day (Gracious Quotes): Make sure the thing you are living for is worth dying for. ( Charles Mayes) Word of the Day (Merriam-Webster): Succumb (verb, suh-KUM) - Succumbing is about yielding to something: someone who succumbs to a pressure or emotion stops trying to resist that pressure or emotion, and someone who succumbs to an injury or disease dies because of that injury or disease. The word is often followed by to . In a Sentence: The program aims to help kids develop the strength of character required to avoid succumbing to peer pressure. Image credit to Reuters

  • US Vetoes Major Security Council Resolution for Gaza Ceasefire

    The United States vetoed a resolution proposed by the United Nations Security Council yesterday, which aimed to bring an immediate end to the war in Gaza. The resolution, which primarily targeted Israel, was agreed upon by the other 14 members of the council, which include four of the five permanent members (China, France, UK, and Russia) and all ten non-permanent members (Algeria, Guyana, South Korea, Sierra Leone, Slovenia, Denmark, Greece, Pakistan, Panama, and Somalia). The proposal would have mandated Israel to revoke all of their restrictions on aid entering Gaza, along with an immediate ceasefire, and Hamas would have been required to release all Israeli hostages. However, the US – a strong ally of Israel and a permanent member of the Security Council – continues to use their power to veto any sort of UN resolution meant to assist the Palestinians suffering in Gaza, stating that the resolution did not work to condemn Hamas. In fact, this is the sixth time the country has vetoed a solution that would have required an immediate ceasefire, claiming that such actions would strengthen Hamas terrorists and prove to them that actions like October 7 are acceptable. Israel backed this view, alleging that the deal would not release the hostages and would fail to bring peace to Gaza. Nevertheless, the other nations of the Security Council strongly condemned the US' decision to veto, with Algeria apologizing to the Palestinian population for not doing enough to save their lives. Pakistan labeled the veto as "a dark moment" and called the US' actions "deeply regrettable and painful," The resolution came just as the United Nations Human Rights Council confirmed that Israel is committing genocide in Gaza, as well as the fact that a new Israeli offensive into Gaza City has just begun. The new invasions have led to renewed strikes across Gaza's population epicenter, with Israel aiming to eliminate additional Hamas bases as new intel comes in. It also comes just four days before the beginning of the United Nations General Assembly, where the High-Level Week will begin on Monday. The UN is expected to take significant action to add pressure to Israel to end the war, and various countries such as the UK, France, Canada, and Australia will formally recognize Palestine as a state. Fact of the Day (The Fact Site): It snows metal on Venus. There are two types that have been found, galena and bismuthinite. Quote of the Day (Gracious Quotes): The most beautiful discovery true friends make is that they can grow separately without growing apart. ( Elisabeth Foley) Word of the Day (Merriam-Webster): Rationale (noun, rash-uh-NAL) - Rationale refers to an explanation or reason for something said or done. It is often used with for , behind , or of . In a Sentence: City council members who oppose the zoning change should be ready to explain their rationale for voting against it. Image credit to Better World Campaign

  • US Federal Reserve Cuts Interest Rates for the First Time in 2025

    The Federal Reserve cut interest rates yesterday for the first time this year and signaled that more could be coming in the next few months as they hope to stir the economy. The bank has faced numerous challenges over the past few years, but one of the largest has been the persistent issue of rising inflation. Inflation, the constant devaluation of money, has been chipping away at Americans' spending power for years after a surge in 2021 due to the coronavirus pandemic. This forced the Fed to dramatically raise interest rates throughout 2022 and 2023, slowing down the US economy. Now, the Fed is beginning to bring rates back down as part of an effort to stimulate the economy, but they are taking great care to avoid another increase in inflation. The bank is aiming to reduce rates to the perfect point between job market growth and inflation, but they are executing their plan extremely slowly to avoid a sudden shift. Yesterday, the Fed lowered rates by a quarter-point, bringing interest rates down from 4.25% to 4%. It marked the first time that they had adjusted rates since December 2024, but they have begun with another small shift– one member, chosen by Trump, disagreed with the decision and believed they should have cut rates by a half-point. However, the Fed confirmed that they have not cut rates to prevent a recession– usually, when the central bank implements dramatic reductions in rates, they are part of an effort to stimulate the job market, preventing an imminent recession. Jerome Powell, the Fed chair, asserted yesterday that the rate cut was simply to add fuel to the economy rather than prevent an incoming recession. He also stated that the move had a dual purpose: bring down inflation, which had risen during the summer, and stimulate the labor market, which he believed was the more important issue at hand. There are still two meetings left this year, one in October and one in December, and interest rate projections revealed that the Fed plans to cut rates by at least a half-percentage point before the end of the year. This would bring rates down to somewhere around a healthy 3.5%– higher than the 3% rate during the pandemic but much lower than the 7.79% rate at the peak of the 2022-2023 inflation crisis. Powell, though, maintained that the economy is still very uncertain, and there is no definite path that the Fed will take. Fact of the Day (The Fact Site): There is a statue of Nikola Tesla in Silicon Valley that radiates free Wi-Fi. It was done as an homage to his vision for wireless communication. Quote of the Day (Gracious Quotes): Luck is what happens when preparation meets opportunity. ( Seneca the Younger) Word of the Day (Merriam-Webster): Jovial (adj, JOH-vee-ul) - Jovial describes people as well as moods, attitudes, etc., that are cheerful and jolly.  In a Sentence: The audience was in a jovial mood as the headlining comedian walked onto the stage. Image credit to USA Today

  • US, China Reach Major Framework Deal For TikTok Ownership

    The United States and China are working to finalize a major deal that would give 80% of the app's ownership to various American companies, allowing it to stay active in the US. Last year, the Biden administration passed a law requiring ByteDance, TikTok's parent company, to sell the company, and refusing to do so would result in a ban. The American government feared that the Chinese government could have been using ByteDance, TikTok's parent company, to manipulate the American population, spy on them, or steal sensitive data. In January, once that deadline expired, TikTok was officially banned by the United States after the Supreme Court denied their appeal against the law. Millions of online businesses use TikTok for advertising and over 170 million Americans are monthly users of the app, making the ban a significant shift for many citizens. However, once current President Donald Trump came into office, he extended the deadline, allowing TikTok to stay active in the US. Over the last few months, Trump has continued extending the deadline, hoping for a plan to materialize, but the US-China trade war earlier this year hindered those efforts. Nevertheless, after weeks of negotiations in Madrid, both countries have confirmed that they reached a framework deal that allows the app to stay active in the US. The deal grants around 80% of TikTok's ownership to various American corporations, including software and cloud computing giant Oracle, global private equity firm Silver Lake, and venture capital firm Andreessen Horowitz, along with several existing foreign shareholders. These corporations will maintain a stake in a new, US-based parent company which will take over as TikTok's largest shareholder. Trump previously stated that he would attempt to split the ownership equally between US and Chinese companies, but the Biden administration's bill prevents China from owning more than 20% of TikTok. Due to this, ByteDance will only retain ownership of 19.9% of the app, falling just below that 20% threshold. The deal is a huge success for social media users and for the American government– less than one year ago, ByteDance stated that they would never sell their app, and the Chinese government was also strongly against the idea. Additionally, Trump's extensive tariffs damaged the two countries' relationship even further, but talks continued after the trade war came to an end. Now, it appears that TikTok will live on under a new ownership, and ByteDance will still retain a minority stake in the company. However, while they have reached an agreement, the deal has not been completely finalized and could still change before it becomes official. The deadline for the TikTok ban has been extended until December 16, meaning that the deal will likely be approved prior to the expiration date. Fact of the Day (The Fact Site) : The Japanese garment, "kimono" literally means a “thing to wear.” Ki is “wear,” and mono is “thing.” Quote of the Day (Gracious Quotes): It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently. ( Warren Buffett) Word of the Day (Merriam-Webster): Debunk (verb, dee-BUNK) - To debunk something (such as a belief or theory) is to show that it is not true. In a Sentence: The influencer remained enormously popular despite having the bulk of their health claims thoroughly debunked . Image credit to Investopedia

  • Trump Pushes Change for Semi-Annual Earnings Reports

    US President Donald Trump is promoting the idea of semi-annual earnings reports, scrapping quarterly reports: here's what that means and why it's significant. An earnings report is an announcement where a company releases all of their latest developments, along with various financial statements for the quarter and projections for the future. Earnings reports are crucial in the stock market, where investors look to a company's most recent earnings to determine its ability to offer a good return to a shareholder. These announcements, which occur quarterly, also create an environment with high transparency and short-term expectations, which can be viewed in positive or negative ways. Now, Trump is calling for the Securities and Exchange Commission (SEC) to shift these quarterly reports to twice a year, similar to Australia, New Zealand, and most markets across Europe. Many large companies have backed Trump's idea of semi-annual reporting, primarily because it simply creates less work for managers and executives. Before a company's earnings report, high-level employees are forced to compile a massive list of data, taking up time and energy that Trump claims could be used doing other, more productive tasks. Additionally, quarterly reports often motivate companies to focus on short-term goals rather than long-term ones, and expectations from shareholders looking for a spectacular earnings report builds pressure on the company to prioritize small improvements within three months over large changes over several years. On top of that, most companies seem to beat expectations almost every quarter, which is virtually impossible for the entire market to do every quarter– many corporations purposely set low targets to beat, allowing them to maintain a better reputation. Some people believe that companies are gaming the entire system, permitting spectacular earnings reports that hide the true financial position of the company. However, Wall Street investors and other experts have raised concerns over the idea. Quarterly reporting also allows for high transparency, as companies are required to release the information every three months and are not able to hide anything. Many investors believe that a shift to semi-annual reporting could lead to an uptick in illegal activity, such as accounting fraud or insider trading, which would go unnoticed for longer periods of time. Experts have also expressed concern over an increase in volatility, as investors would lack the amount of information that they have now– investors would know less about each stock, leading to larger, more dramatic changes in the market because of that uncertainty. Nevertheless, the change – if approved – is not expected to occur quickly. Although Trump did push the idea during his first term, the SEC largely ignored it. This year, while they have confirmed that they will "prioritize" his plan, it will likely require extensive discussions and debate before such a massive change is even considered. Fact of the Day (The Fact Site) : Only primates, humans, and opossums have opposable thumbs. Out of these, the opossum is the only one with no thumbnail. Quote of the Day (Gracious Quotes): Physical stamina is the root of mental toughness. ( Major Dick Winters) Word of the Day (Merriam-Webster): Askance (adv, uh-SKANSS) - Askance means "in a way that shows a lack of trust or approval" or "with a side-glance."   In a Sentence: I couldn't help but look askance at the dealer's assurances that the car had never been in an accident. Image credit to Corporate Finance Institute

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