Europe’s population crisis could shave 4% off its GDP by 2040, Morgan Stanley warns, and the options to solve it aren’t good
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Europe is unlikely to find a solution to an ageing population hammering the region's economy.
https://fortune.com/europe/2024/10/14/europes-population-crisis-gdp-2040-morgan-stanley/
Biden unveils $612 million in post-hurricane aid on Florida trip
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Sunday’s funding announcement will go toward six Department of Energy projects to strengthen the region’s electric grid, according to the White House.
https://fortune.com/2024/10/13/joe-biden-612-million-hurricane-milton-helene-aid-florida-grid/
Boeing’s endless doom loop gives no respite to new CEO Ortberg
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The icon of US manufacturing hasn’t been able to catch a break since the first days of January.
US will send THAAD missile defense system to Israel amid Iran threat
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In a brief exchange with reporters before leaving Florida on Sunday, Biden said he agreed to deploy the THAAD battery “to defend Israel.”
https://fortune.com/2024/10/13/us-troops-thaad-missile-defense-system-israel-iran-threat-hezbollah/
Elon Musk’s Optimus bot stole the show at Tesla’s robotaxi unveil—but the AI was all smoke and mirrors
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His most important future product was acting very much thanks to human intelligence with critics calling it a "parlor trick."
https://fortune.com/2024/10/13/elon-musk-tesla-optimus-robot-tele-operated-robotaxi/
Chevron CEO shares one of his leadership tips: writing a ton of letters
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"It's important to me I that make sure people understand that I was paying attention and I really do value what they do."
Fed rate cuts were supposed to help ease U.S. debt costs, but it’s not looking good so far
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Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.
‘The Black Swan’ author is really afraid of what’s happening to the U.S. dollar
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"That is harming the United States enormously," Nassim Taleb warned.
Trump and his allies are reimagining the military as an all-powerful tool to deploy on U.S. soil
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Trump has also talked of weeding out military officers who are ideologically opposed to him.
Long lines at Florida gas stations as hurricane-hit state suffers fuel shortage
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“They told me they have gas coming but they don’t know when it’s going to be here.”
China’s deflation problem worsens on weak consumer prices
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China is facing the longest period of deflation since the 1990s, with a broad measure of economy-wide prices falling for five straight quarters through June.
Musk declares ‘science fiction without the fiction’ after giant SpaceX booster lands on launch pad
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SpaceX has been recovering boosters of its Falcon 9 rockets for years, but they land on ocean platforms or on concrete slabs miles from their launch pads — not on them.
https://fortune.com/2024/10/13/spacex-starship-launch-super-heavy-booster-landing-launch-pad/
I tried virtual reality yoga on Meta’s $500 headset. It was a glimpse into the future of workouts
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Alo Moves has introduced mini-instructors which means that you can see a pose from all angles and tweak your own form to match.
https://fortune.com/well/article/virtual-reality-yoga-alo-meta-quest-3/
How to watch Week Six of the 2024-2025 NFL season live online for free—and without cable
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The best team take a break this week.
‘Chasing yield’ was an inside joke at SVB—until it led to the bank’s collapse
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Back in 2011, some of the bank leaders were involved in running jokes about chasing yield—now they don't seem so funny.
https://fortune.com/2024/10/13/chasing-yield-inside-joke-svb-collapse-bond-portfolio-fed-rate-hikes/
Race season is here: here are the costs (literally and mentally) that go into being a long-distance runner
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From trainers, vests, watches headphones, race places and more, running isn’t as cheap as you may think—not to mention the time and emotional costs.
https://fortune.com/europe/2024/10/13/race-season-is-here-costs-long-distance-runner/
India is now Russia’s No. 2 supplier of restricted technology
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The most recent data means almost a fifth of the sensitive technology that goes into Russia’s military-industrial complex got there via India.
ECB is set to deepen global easing with rate cut it didn’t expect
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The third quarter-point reduction of this cycle is seen likely by economists to herald a longer-lasting acceleration in cuts.
https://fortune.com/2024/10/12/ecb-rate-cut-outlook-global-central-bank-easing-euro-zone-economy/
US to sell up to $2.2 billion in weapons to UAE, Saudi Arabia
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It marks a fresh show of support to two allies that are crucial to the US pushback against Iran and its proxies as conflict escalates in the Middle East.
https://fortune.com/2024/10/12/us-weapons-sales-uae-saudi-arabia-hellfire-sidewinder-atacms-gmlrs/
Army doctor says Harris is in ‘excellent health’ as campaign seeks to draw contrast with Trump
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Trump has released very little health information, including after his ear was grazed by a bullet during an assassination attempt in July in Pennsylvania.