According to Alan Castel, author of
'Better with Age: The Psychology of Successful Aging,'
if you expect to have a fixed income in
retirement, there are a few things you should consider.
Sometimes our spending habits need to be re-evaluated, and many senior discounts can be utilized to lower bills.
It may also be useful to consider downsizing or minimizing certain costs that are no longer needed, According to Alan Castel, author of 'Better with Age:
The Psychology of Successful Aging,' via CNBC
Disney Scraps Florida Plans , Amid DeSantis Confrontation.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
CNBC reports that Disney has canceled plans to open
a new employee campus in Florida amid ongoing
tension with the governor of the Sunshine State.
Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, addressed
the decision in a May 18 memo to employees.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
D'Amaro cited "changing business conditions" and CEO Bob Iger's return to helming the company.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
Along with announcing that Disney would not go forward
with the new campus, the company canceled plans to
relocate 2,000 California-based employees to Florida.
This was not an easy decision to make,
but I believe it is the right one, Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, via CNBC.
CNBC reports that the new campus was
originally scheduled to open as soon as
2022-2023, but was later pushed back to 2026.
It is clear to me that the power of
this brand comes from our incredible
people, and we are committed to
handling this change with
care and compassion, Josh D’Amaro, chairman of Disney’s parks,
experiences and products division, via CNBC.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The news comes after Governor Ron DeSantis
targeted Disney's special district, which had
allowed it to self-govern its operations for decades.
The special district's five-member
board was replaced by members
handpicked by DeSantis. .
The special district's five-member
board was replaced by members
handpicked by DeSantis. .
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution. .
In response, Disney filed a lawsuit accusing
DeSantis and the new board members of
carrying out a campaign of political retribution.
Credit: Wibbitz Top Stories Duration: 01:31Published
EU States Approve First-Ever , Global Comprehensive Crypto Rules.
The rules were approved at an EU finance minister meeting on May 16, CNBC reports.
Crypto regulation has been at the forefront of discussion since the collapse of FTX.
Recent events have confirmed the
urgent need for imposing rules which will better protect Europeans who have invested in these assets, and prevent the misuse of crypto industry for the purposes of money
laundering and financing of terrorism, Elisabeth Svantesson, finance minister for Sweden, via statement.
Now, any firm within the 27-country bloc
that wants "to issue, trade and safeguard" cryptocurrency must obtain a license, CNBC reports.
The new rules have undoubtedly put pressure on Britain, the U.S. and other countries to approve similar regulations, CNBC reports.
Britain has suggested a phased approach beginning with stablecoins and branching out to unbacked crypto assets, but the country hasn't established a timetable. .
The U.S. has been using existing securities rules and is still deciding if new rules are needed and who would enforce them.
Hester Peirce, a U.S. derivatives regulator commissioner, recently said that federal and state authorities remain uncertain about any oversight role they may offer in the crypto sector.
We are wandering
in the desert a bit, Hester Peirce, a U.S. derivatives
regulator commissioner, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
JPMorgan CEO , Predicts Panic As US , Approaches Debt Default.
On May 11, Jamie Dimon, the CEO of JPMorgan Chase,
said that markets will be affected by panic as
the U.S. nears a potential default on its sovereign debt.
CNBC reports that Dimon called a default
"potentially catastrophic" for the U.S.
while speaking to 'Bloomberg.'.
The closer you get to it,
you will have panic, Jamie Dimon, JPMorgan CEO, via CNBC.
He also predicted that lawmakers
will be forced to take action in order
to avoid the worst-case scenario.
CNBC reports that Dimon is just one of many business
leaders and officials to predict dire consequences if
the U.S. debt limit is not raised or suspended.
If it gets to that panic point,
people have to react,
we’ve seen that before, Jamie Dimon, JPMorgan CEO, via CNBC.
Panic becomes something
that is not good. It could
affect other markets
around the world, Jamie Dimon, JPMorgan CEO, via CNBC.
Dimon stressed that a default would send shockwaves
through the financial world, and urged politicians on
both sides of the political divide to reach a compromise. .
In the wake of three financial firms' collapse, Dimon said that
while regional banks remain "quite strong," bank runs
are likely to worsen as the potential default looms closer.
In the wake of three financial firms' collapse, Dimon said that
while regional banks remain "quite strong," bank runs
are likely to worsen as the potential default looms closer.
I think we have to assume
there’ll be a little bit more, Jamie Dimon, JPMorgan CEO, via CNBC
Credit: Wibbitz Top Stories Duration: 01:30Published
Olive Garden Owner , Buys Ruth’s Chris Steak House.
Darden Restaurants, which owns
Olive Garden, LongHorn Steakhouse and more, made the announcement on May 3.
Darden Restaurants, which owns
Olive Garden, LongHorn Steakhouse and more, made the announcement on May 3.
It will acquire Ruth's Hospitality Group for
$715 million in an all-cash transaction, CNBC reports. .
The steakhouse had $505.9 million
in revenue last year.
There are over 150 Ruth's Chris
locations around the world. .
The deal marks the first acquisition
for Darden Restaurants in six years.
In 2017, Darden bought
Cheddar's Scratch Kitchen for $780 million.
Darden is set to release its Q1 earnings
report before the bell on May 5.
Ruth's said it had 4.5% same-store
sales growth last quarter.
If all conditions are met,
the deal will close in June.
Ruth's Chris CEO Cheryl Henry will remain president of the chain while reporting to Darden CEO Rick Cardenas.
Credit: Wibbitz Top Stories Duration: 01:30Published
Elon Musk , Meets With Lawmakers , on Regulating AI.
On April 27, Elon Musk tweeted that he met with Senate
Majority Leader Chuck Schumer and other lawmakers
regarding the regulation of artificial intelligence.
On April 27, Elon Musk tweeted that he met with Senate
Majority Leader Chuck Schumer and other lawmakers
regarding the regulation of artificial intelligence.
CNBC reports that Musk
posted the tweet after
being spotted on Capitol Hill.
That which affects
safety of the public has,
over time, become regulated
to ensure that companies
do not cut corners, Elon Musk, CEO of Tesla, SpaceX and Twitter, via Twitter.
AI has great power
to do good and evil.
Better the former, Elon Musk, CEO of Tesla, SpaceX and Twitter, via Twitter.
Recently, Schumer launched an effort to create
a framework for regulation that fosters the rapidly-
advancing technology while minimizing the risks.
Recently, Schumer launched an effort to create
a framework for regulation that fosters the rapidly-
advancing technology while minimizing the risks.
CNBC reports that Schumer's plans focus on
transparency and thorough testing by experts
prior to AI systems being released to the public.
Last month, Musk was a high-profile signatory of
an open letter calling for a six-month pause on
“the training of AI systems more powerful than GPT-4.”.
Musk was a co-founder of ChatGPT
creator OpenAI, but he sold off his stake
in the company and left the board in 2018.
Musk was a co-founder of ChatGPT
creator OpenAI, but he sold off his stake
in the company and left the board in 2018.
Following his departure,
Musk has repeatedly warned that
OpenAI has strayed from its initial goals.
In response, OpenAI CEO Sam Altman said that while
he agreed with moving forward with caution, “The letter,
I don’t think, was the optimal way to address it.”.
In response, OpenAI CEO Sam Altman said that while
he agreed with moving forward with caution, “The letter,
I don’t think, was the optimal way to address it.”
Credit: Wibbitz Top Stories Duration: 01:31Published
Washington Is the Latest State , to Ban Assault Rifles.
'The Hill' reports that Gov. Jay Inslee signed three gun safety bills into law on April 25.
60 types of assault weapons
can no longer be sold in the state. .
No one needs an AR-15 to protect
their family. You only need it to kill other families. And for that reason,
we are taking action today, Gov. Jay Inslee, via statement.
Additionally, a 10-day waiting period and
safety training are now required to buy any gun. .
I do want to note that while we celebrate [these bills], they are not the only things we need against gun violence, Gov. Jay Inslee, via statement.
They are not a total panacea.
But just because they don’t solve all the problems does not mean that the state of Washington
does not take action, Gov. Jay Inslee, via statement.
9 other states and Washington, D.C., have
also implemented assault weapons bans. .
Those states include California, Connecticut, Delaware, Hawaii, Illinois, Maryland, Massachusetts, New Jersey and New York.
The White House issued a
statement on April 25 applauding Washington's action to reduce gun violence. .
In so doing, they have made every community in the state — from Seattle to Spokane and everywhere in between — safer and more secure, White House, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Priyanka Chopra and her daughter Malti Marie Chopra Jonas are currently in New Jersey. Priyanka attended the Met Gala and the Love Again movie premiere in New York. The celeb, who has been around the world to promote her most recent films, such as Citadel, shared a number of adorable pictures of her daughter Malti Marie Chopra Jonas taken at their home.
#PriyankaChopra #MaltiMerie #MomGoals
~HT.97~PR.154~ED.102~
This Day in History: , The Hindenburg Disaster.
May 6, 1937.
36 passengers and crew
members were killed when
the Hindenburg exploded as it touched
its mooring mast in Lakehurst, NJ.
The luxury passenger zeppelin
had left Frankfurt, Germany,
three days earlier.
Constructed in Nazi Germany,
the 804 foot-long Hindenburg
was the largest dirigible ever built.
The zeppelin was lifted
by the highly flammable
gas, hydrogen.
It is thought the cause
of the explosion was a spark
that ignited the dirigible's hydrogen core.
Radio announcer
Herb Morrison witnessed
the disaster live, famously
declaring, "Oh the humanity!".
His commentary became
part of America's first
coast-to-coast radio news broadcast.
Passenger travel by
zeppelin never recovered
after the disaster
Credit: Wibbitz Top Stories Duration: 01:07Published
Mysteries and thrillers are one of the most watched genres around the globe whether it is documentaries,series or movies. People are always left curious at the end especially if such mysteries are left unsolved. But what if we tell you, a mystery which was left unsolved in a Netflix series has now been solved!
#UnsolvedMysteries #KaylaUnbehaun #KaylaUnbehaunFound
~PR.152~ED.101~GR.125~HT.178~
Juul to Pay $462 Million , Over Claims It Marketed to Minors.
CBS News reports that New York Attorney General Letitia James made the announcement on April 12.
Juul lit a nationwide public health
crisis by putting addictive products
in the hands of minors and
convincing them that it's harmless, Letitia James, New York Attorney General, via statement.
Today they are paying the price for the harm they caused, Letitia James, New York Attorney General, via statement.
California, Colorado, Illinois,
Massachusetts, New Mexico, New York and Washington, D.C., will receive the payout.
D.C. Attorney General Brian Schwalb said that
Juul "knew how addictive and dangerous its
products were and actively tried to cover
up that medical truth.".
CBS News reports that on April 10,
Juul settled another lawsuit in
West Virginia for nearly $8 million.
Last month, it paid $23.8 million to Chicago.
Minnesota went to trial
against Juul last month.
Attorney General Keith Ellison claims
that the e-cigarette company , "baited, deceived and addicted a whole new generation
of kids after Minnesotans slashed youth smoking
rates down to the lowest level in a generation.".
According to a Juul spokesperson, underage
use of the company's products has decreased
by 95% since 2019, as reported by the
National Youth Tobacco Survey.
Credit: Wibbitz Top Stories Duration: 01:31Published
Chicago to Host , 2024 Democratic National Convention.
CNN reports that the Democratic National Committee made the announcement on April 11.
I am thrilled that Democrats will take the stage in Chicago to share our party’s vision and values, Jaime Harrison, DNC Chair, via statement.
The Midwest reflects America and will give Democrats an opportunity to showcase some of President Biden and Vice President Harris’s most significant accomplishments for American families, Jaime Harrison, DNC Chair, via statement.
Atlanta and New York were also being considered, but Illinois Gov. J.B. Pritzker's promise to finance the convention played a key role in the committee's decision.
Gov. Pritzker issued a statement.
The 2024 Democratic National Convention
in Chicago will welcome people from
across the nation to an unforgettable
event highlighting our party's vision for
lifting up working families and those who
too often have been left out and left behind, Gov. J.B. Pritzker, via statement.
Our great global city and its diverse communities, unparalleled hospitality,
and world renowned venues shows off
the best of America and its people
represent the heart of our country, Gov. J.B. Pritzker, via statement.
The last time Chicago hosted the
Democratic National Convention was in 1996.
Chicago Mayor-elect Brandon Johnson
issued a statement after hearing
that the city had been selected.
Chicago is a world-class city that looks like America and demonstrates the values of the Democratic Party. We are unmatched when it comes to hosting events of this scale. , Brandon Johnson, Chicago mayor-elect, via statement.
I look forward to working closely with the DNC to facilitate a spectacular convention that showcases Chicago's diverse culture, our beautiful lakefront, our renowned hospitality sector, and our best asset: our amazing people, Brandon Johnson, Chicago mayor-elect, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
At Least 30 Dead , After Major US Storms.
On March 31, a major storm system in
the United States killed at least 30 people as
it moved through the South and the Midwest.
NBC reports that President Joe Biden said that he
had been in contact with officials in impacted
states, including Illinois, Indiana and Delaware.
According to a statement from Biden released
on April 2, his administration has been directed , "to help with immediate needs
and long-term rebuilding.".
While we are still assessing the full extent
of the damage, we know families across
America are mourning the loss of loved ones,
desperately waiting for news of others
fighting for their lives, and sorting through
the rubble of their homes and businesses. , Joe Biden, President of the United States, via NBC.
There’s nothing we can do to heal
the hole left in the hearts of far too many
families who lost loved ones this weekend,
but we will be there every step of
the way as they rebuild and recover, Joe Biden, President of the United States, via NBC.
NBC reports that 13 people were killed in
Tennessee after an EF-2 tornado hit
Wayne, Lewis, McNairy and Hardin counties.
According to McNairy County Sheriff Guy Buck,
nine of the deaths occurred in buildings that
were destroyed down to their foundations.
Buck said that a tornado that crossed the entire county
remained on the ground for more than 30 miles, resulting in , "every kind of damage imaginable.".
On April 2, the White House approved
Arkansas Governor Sarah Huckabee Sanders'
request for a Major Disaster Declaration. .
On April 2, the White House approved
Arkansas Governor Sarah Huckabee Sanders'
request for a Major Disaster Declaration. .
I will continue to work with our first
responders, law enforcement, volunteers,
and state and local leaders to help
Arkansans recover. Arkansas stands
strong. I know we will come back from this, Sarah Huckabee Sanders, Arkansas governor, via NBC.
I will continue to work with our first
responders, law enforcement, volunteers,
and state and local leaders to help
Arkansans recover. Arkansas stands
strong. I know we will come back from this, Sarah Huckabee Sanders, Arkansas governor, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
FBI Arrests Air National Guardsman , in Leaked Documents Probe.
CBS News reports that Attorney General
Merrick Garland made the announcement on April 13.
21-year-old Jack Teixeira has been arrested
"in connection with an investigation into alleged
unauthorized removal, retention and transmission
of classified national defense information." .
He was taken into custody "without incident" at his mother's house in Massachusetts. .
According to the FBI, agents are
"continuing to conduct authorized law enforcement activity at the residence.".
According to a Defense official, Teixeira worked as a "cyber transport systems journeyman" in the Air National Guard.
His job was essentially to maintain network infrastructure and make sure the communications network was operating properly.
Teixeira's arrest comes after reports surfaced that the leaked Pentagon documents were first shared on Discord months earlier.
Last week, the documents ended up on social media and caught the attention of U.S. officials.
The documents revealed details about the war in Ukraine and America's attempt to keep tabs on allies, among other things
Credit: Wibbitz Top Stories Duration: 01:31Published
600 Kids Were Sexually Abused , by Baltimore’s Catholic Church Over 6 Decades.
NBC News reports that on April 5, Attorney General
Anthony Brown accused Catholic Church officials in the
state of attempting to cover up years of sexual abuse.
Brown contends that a minimum of
600 children were victims, and some were
"preyed upon by multiple abusers over decades.".
600 children are known to have been abused by the 156 people included in this Report, but the number is likely far higher, Anthony Brown, Maryland Attorney General, via statement.
Time and again, members of the Church’s hierarchy resolutely refused to acknowledge allegations of child sexual abuse for as long as possible, Anthony Brown, Maryland Attorney General, via statement.
When denial became impossible, Church leadership would remove abusers from the parish or school, sometimes with promises that they would have no further contact with children. , Anthony Brown, Maryland Attorney General, via statement.
When denial became impossible, Church leadership would remove abusers from the parish or school, sometimes with promises that they would have no further contact with children. , Anthony Brown, Maryland Attorney General, via statement.
Church documents reveal with disturbing clarity that the Archdiocese was more concerned with avoiding scandal and negative publicity than it was with protecting children, Anthony Brown, Maryland Attorney General, via statement.
Baltimore Archbishop William E. Lori referred to the report as a "sad and painful reminder of the tremendous harm caused to innocent children and young people by some ministers of the Church.".
The detailed accounts of abuse are shocking and soul searing. It is difficult for most to imagine that such evil acts could have actually occurred. , William E. Lori, Baltimore Archbishop, via statement.
For victim-survivors everywhere, they know the hard truth:
These evil acts did occur, William E. Lori, Baltimore Archbishop, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Smoke From Canada Wildfires , Is Impacting US Cities.
Fox News reports that smoke from
wildfires in Canada has impacted states
in northern America.
The offices of the National Weather Service (NWS) issued
warnings for cities, including Seattle, Pittsburgh,
the Twin Cities and Chicago, among other places.
Wildfire smoke from Canada will start
making its way into eastern Oregon
and Southwest Idaho within
the next several days, National Weather Service in Boise, Idaho, via Fox News.
The smokey, hazy skies are from wildfires
in western Canada. That smoke is drifting
through the higher levels of the atmosphere. , National Weather Service in Cleveland, Ohio, via Fox News.
Current air quality is good to
moderate across northern Ohio
and Northwest Pennsylvania, National Weather Service in Cleveland, Ohio, via Fox News.
Due to rain bringing smoke down to
the surface, an Air Quality Alert was issued
for much of northeastern Minnesota.
The NWS also shared images on Twitter
of skies thick with smoke and a
red-tinged sun seen throughout the country.
Fox Weather reports that visibility
alerts were put in place for both
Washington state and Montana.
Fox Weather reports that visibility
alerts were put in place for both
Washington state and Montana.
Visibility in parts of Montana,
Minnesota and the Dakotas could
drop to as low as a quarter of a mile.
Visibility in parts of Montana,
Minnesota and the Dakotas could
drop to as low as a quarter of a mile.
All the way in Des Moines, Iowa, the NWS
warned that smokey skies could lead to
"reduced visibility" that could linger until May 19
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History:, The Great San Francisco Earthquake.
April 18, 1906.
At 5:13 a.m., an earthquake
struck offshore of San Fransisco,
a city with a population of 400,000 at the time.
The quake was felt from
southern Oregon to Los Angeles,
and ruptured 296 miles of the San Andreas fault.
Destroying San Francisco's water mains,
the quake ignited massive, devastating
fires all over the city that could not be combated.
The fires burned for days,
resulting in the deaths of more than
3,000 people and destroying more than 28,000 buildings.
More than half of the city was
left homeless by the disaster.
Damages were estimated to close to $15 billion in
today's dollars. The recovery and rebuild allowed city
planners to make great improvements to San Francisco
Credit: Wibbitz Top Stories Duration: 00:57Published
Hole in the Bottom of the Ocean , Could Signal Future Catastrophe.
Futurism reports that scientists have warned that
a hole in the bottom of the ocean may signal
an increased risk of earthquake activity in the area.
Researchers at the University of Washington said
that the seabed hole located off the coast of Oregon
sits atop the Cascadia Subduction Zone fault line.
'Pythias' Oasis,' named after a mythological
oracle, has fascinated scientists
since it was first discovered in 2015.
The hole in the ocean floor leaks
almost-fresh water up into the ocean. .
In research published in the journal 'Science Advances,'
researchers suggest that the relatively fresh water
may serve as a tectonic lubricant.
Without that watery lubricant,
the plate on which the hole sits could
potentially shift in a catastrophic way.
Loss of fluid from the offshore megathrust
interface through these strike-slip faults
is important, because it lowers the fluid
pressure between the sediment particles
and hence increases the friction between
the oceanic and continental plates, University of Washington statement, via Futurism.
Futurism reports that the UW team believes this is the first
known ocean floor leak of its kind, while suggesting that
others may exist nearby but have yet to be detected.
According to the team, the water leaking out
through the hole is warmer than the surrounding
ocean water by about 16 degrees Fahrenheit. .
The team suggests that "the fluid is coming straight from the Cascadia megathrust, where temperatures are an estimated 300 to 500 degrees Fahrenheit.".
The team suggests that "the fluid is coming straight from the Cascadia megathrust, where temperatures are an estimated 300 to 500 degrees Fahrenheit."
Credit: Wibbitz Top Stories Duration: 01:31Published
Turns out, not every Yankee fan was in a good mood following the Bronx Bombers' thrilling walk-off win on Tuesday ... 'cause several Pinstripes supporters were.. TMZ.com
Memorial Day , by the Numbers.
These stats were provided
by WalletHub.
45 million veterans, have served during wartime.
656,000 military service members , have lost their lives
during combat. .
New York was the 1st state , to recognize Memorial Day
in 1873. .
96 members of the 116th Congress , have served in the military. .
60 percent of Americans, plan to barbecue over
Memorial Day weekend. .
260,000 graves, at Arlington National Cemetery are adorned with American flags
Credit: Wibbitz Top Stories Duration: 00:46Published
Former "American Idol" winner Samantha "Just Sam" Diaz is living a bad case of deja vu ... she says she's singing in New York City subways for money. Just three.. TMZ.com
Shawn Mendes and Camila Cabello are definitely giving their relationship a real second chance ... because they're still going strong after making out at.. TMZ.com
Cases of Flesh-Eating Bacteria , Expected to Rise , as Oceans Continue to Warm.
NBC reports that potentially deadly infections from
a flesh-eating bacteria could increase as climate
change continues..
Credit: Wibbitz Top Stories Duration: 01:31Published
Credit Card Debt , Is at an All-Time High, Study Shows.
According to the most recent quarterly TransUnion report, credit card debt in America hit a record $930.6 billion by the end of 2022.
The..
Credit: Wibbitz Top Stories Duration: 01:30Published
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