White-collar workers are being hit with layoffs and cuts to their Christmas bonuses.
Goldman Sachs warned that the “compensation pool will be slashed by a low double-digit percentage.” That means bonuses could be down by 15% or more.
Layoffs have hit corporate staff first at DoorDash, Amazon, Facebook, Ford, Walmart, H&M, and more. CNN also announced layoffs that included on-air reporters. Companies that are not laying off are slowing their hiring.
The Wall Street Journal surveyed economists in October and found that experts estimate a 63% chance of a coming recession. If we learned anything from Clark Griswold, let it be this: Now is not a good time to put a deposit down on a pool!
U.S. Meddled in Hungary's Election
Hungarian Prime Minister Victor Orban credit: shutterstock
Did the United States work to oust Hungarian Prime Minister Victor Orbán? According to recent reports, they did.
Orbán’s opposition was the Everybody’s Hungary Movement led by Péter Márki-Zay. In a podcast in August, Márki-Zay said that his movement had received money from America through an organization called Action for Democracy.
That is against the law in Hungary and against the law in the U.S. It led to an investigation in Hungary and some of those findings were declassified, showing that the opposition movement received approximately $4.5 million through individuals connected to Action for Democracy. The connection to the U.S. is still unclear, though.
As the Daily Sceptic points out, “This scandal may fizzle out into nothing: an anti-conservative organisation in one country donated money to an anti-conservative organisation in another, and did so through the proper legal channels. On the other hand, it may prove to be America’s latest attempt to remove a government of which it disapproves – and in a NATO member state, no less.”
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Kanye “Ye” West broke the internet, as the saying goes. The rapper is pretty much the only thing that is trending today after he wore a mask during a three-hour interview with Alex Jones on Infowars on Thursday.
He was asked to explain his recent inflammatory Tweets about Jewish people, and he went on to say more inflammatory things about Jewish people. He also said nice things about the number one enemy of Jewish people, Adolph Hitler.
“I like Hitler,” he said. “Every human being has something of value that they brought to the table, especially Hitler. How about that one?”
Well…I don’t know about that one. I *think* what he is trying to say is that thinking in absolutes is dangerous but..well, maybe it’s dangerous to parse out value from this diatribe. If he had any valuable points, they were lost to the controversy. At one point he brought out a net and a bottle of Yoo-hoo and pretended it was Israeli Prime Minister Benjamin Netanyahu and had a conversation with them.
Many people are watching for what happens to Ye in the fallout of these comments. He claims that the IRS has frozen his bank account and owes him $50 million in taxes. He was also suspended from Twitter.
Dolly Parton is trending because she announced an upcoming album in which she will cover classic rock tunes from Prince, The Rolling Stones, Led Zeppelin and more. She was recently inducted to the Rock and Roll Hall of Fame and she said she wants to live up to the hype given she’s never considered herself a rock and roll singer. So why not now?
“Good Morning America affair” is trending because two anchors of the morning show, Amy Robach and T.J. Holmes, are reportedly having one. They are both married to other people but announced that they’d been separated from those people for some time.
News By The Numbers
$75. That is how much the state of Massachusetts is offering residents to get a Covid vaccine or booster.
$1,200. That is how much in guaranteed monthly income San Francisco is offering transgendered people who qualify as economically marginalized.
The U.S. military is looking for a few good gamers.
According to internal documents obtained by Vice’s Motherboard, the Army had a plan to recruit soldiers at a time of low enrollment by recruiting through video games like Call of Duty.
“The U.S. Army allocated millions of dollars to sponsor a wide range of esports tournaments, individual high profile Call of Duty streamers, and Twitch events in the last year to specifically grow its audience with Gen-Z viewers, and especially women and Black and Hispanic people, according to internal Army documents obtained by Motherboard.”
The documents were obtained by a Freedom of Information Act request. They show that the only reason the Army did not go ahead with this plan was because Activision, the company that publishes Call of Duty had a sexual harrassment scandal.
In related news, the U.S. and U.K. militaries both have esports teams competing in the upcoming C.O.D.E. Bowl. This is a gaming competition that takes place in Call of Duty: Warzone 2. Last year, the U.S. Space force took home the trophy and they took their trophy out of bounds. Literally, to space where no one could get it.
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This newsletter is written and researched by Natali Morris.
Please feel free to reach Natali at [email protected]
for any editorial feedback.