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🚨 Falling behind – August 12 2022

Happy Friday.

The Perseid meteor shower is today and tomorrow and astronomers are saying it will be one of the best of the year

credit: giphy

In Case You Missed It. 

πŸ“‰ A judge ruled that a class action case against Robinhood for closing down trading of meme stock Game Stop can proceed. 

🀷🏻‍♂️ The CDC no longer recommends Americans quarantine after exposure to Covid. 

πŸ‘ΆπŸΌ Johnson & Johnson will stop selling talc baby powder next year because it is not safe. If you know it's not safe then why wait until next year? 

πŸ‡¦πŸ‡· Argentina is hiking interest rates due to a 20-year high of inflation of a whopping 71%!

πŸ‡¬πŸ‡§ Britain is warning of a recession due to a drop in GDP of 0.1%.














*Stock data as of market close, cryptocurrency data as of 5:00pm AM. 


The Lead: Merrick Garland's Trump Card

credit: abc news

Attorney General Merrick Garland spoke publicly about the raid on former President Trump’s home on Thursday. He said that the Justice Department has filed a motion to unseal the warrant for what the FBI sought as well as what they took. So we will know soon what this was all about. 

He further said that he personally authorized the department to seek a search warrant due to what he calls “probable cause.” 

As he spoke, an FBI field office in Ohio was attacked and field offices around the country were put on high alert. Many Americans believe that the raid on the former President was political and are experiencing a crisis of faith in the system. It’s a scary time but the Justice Department showed understanding of the public response. In the motion to unseal the documents, they say “the public’s clear and powerful interest in understanding what occurred under these circumstances weighs heavily in favor of unsealing.” 

President Trump’s legal team said it will not oppose the release of the search warrant. They were provided a copy so they know what we are about to see. 

The Washington Post reports that the documents that were sought in the raid were pertaining to nuclear weapons but we won’t know until we know and it looks like we will soon get to know. 

Ditching Facebook

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Kids these days, they don’t care much for The Facebook. This is according to a new Pew Research study

What do the kids like? The TikTok! 67% of teens say that they use TikTok, followed by 62% who use Instagram and 59% who use Snapchat. Facebook was the top social network for teens in 2014-2015 but it fell from 71% to 32%. 

Beating out all of these social networks in this study is YouTube. A whopping 95% of teens say that they use YouTube. It is their form of TV, news, entertainment and information. It really is a league of its own. 

When asked to self-report their screentime, 55% say that they spend “about the right amount of time” on these apps and 36% say that they spend too much time on them. It would be interesting to compare their answers with their parents’ answers! 97% of the teens say that they use these apps every single day. The other 3% probably didn’t understand the question. 

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    Productivity Plummets in U.S. 

    credit: shutterstock

    Are you feeling unproductive lately? You’re in good company. The U.S. Bureau of Labor Statistics released a report on labor productivity and it is lower than it’s ever been. 

    In fact, productivity is lower than it has ever been since these began being tracked in 1948. The statistic adjusts for participation, population, retirement, etc. 

    This statistic measures output by number of labor hours. This mean that for every hour an American works, we collectively get less output from it.

    Can we blame this on the pandemic? Some would say that lockdowns led to slothfulness. 

    “A nation of goof-offs,” as the Brownstone Institute puts it. “Zoom lifestyles and pretending to work.” 

    That may be a bit simplistic but there may be truth there too. 

    News By The Numbers

    credit: wsj

    $6.7 million. That is the selling price of these 350-square feet cottages in Nantucket. 

    38%. That is how much the price of eggs was up in July, according to inflation numbers. That’s no yoke! 

    20. That is how many people had experimental eye implants in Iran and India. Fourteen were blind and had improved vision two years after the procedure. Three had perfect vision as a result! 

    China Surpasses The U.S.

    giphy.gifcredit: shutterstock

    new study shows that China has surpassed the U.S. as the world’s leader for scientific research. See below study about productivity! 

    The report comes from Japan’s National Institute of Science and Technology Policy. It says that China publishes the highest number of scientific research papers and produces more “high impact” studies, meaning these studies are more frequently cited by other papers. 

    The United States is now number two in scientific studies, followed by Germany. 

    What's Trending?

    giphy.gif credit: fox

    Harry Caray is trending because a hologram of the legendary baseball announcer sang “Take Me Out To The Ballgame” at the Field of Dreams baseball game on Thursday.

    $18 a day is trending because of this insane Tweet of a parent seeking a nanny for $18 per day who has a master’s degree and will provide their own housing and bring extra snacks for the children. On a salary of $18 per day…

    This LinkedIn post is trending of a CEO crying because he had to layoff employees. Most people are calling it “self-aggrandizing” and awkward. 

    This TikTok user is trending because she made a purse out of an aquarium and another that looks like a bowl of cereal. 

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