Toughest Job Market Ever

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BUSINESS & ECONOMY

📉 2024 Labor Market Touted as 'Toughest Ever'

A RedBalloon report predicts 2024 as one of the toughest labor markets due to population decline, retiring baby boomers, and Gen Z challenges like job-hopping and mental health issues. A striking 75% of employers faced litigation in five years. CEO Andrew Crapuchettes urges a hiring shift toward merit and values stating "A thoughtful hiring process focused on merit and values alignment is key to overcoming the challenges of the labor market." 

📉 Express files for Chapter 11, plans store closures, potential sale

Express Inc., known for its casual office wear, files for Chapter 11 bankruptcy, aiming to close stores while staying afloat. WHP Global, Simon Property Group, and Brookfield Properties are potential buyers. CEO Stewart Glendinning sees growth despite $1.2 billion in debts. Analysts point to competition and quality issues, worsened by the pandemic's remote work trend.

🚫 F.T.C. Blocks $8.5 Billion Fashion Merger

The FTC raised concerns over Tapestry's $8.5B acquisition of Capri, fearing diminished competition in "accessible luxury." Director Liu warned of potential price hikes. Capri, which owns Versace and Jimmy Choo in addition to Michael Kors, and Tapestry, the owner of Kate Spade and Stuart Weitzman as well as Coach, together have about $12 billion in revenue. Tapestry's CEO defended the deal, citing consumer choice.

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WORLD

🇬🇧 UK OKs Bill Sending Asylum Seekers to Rwanda After 2-Year Battle

The UK Parliament passes a bill allowing asylum seekers to be sent to Rwanda for their asylum claims to be considered by the East African nation. Prime Minister Rishi Sunak faced opposition, with courts deeming the policy unlawful due to risks of ill-treatment. Despite its high cost and inefficacy, the bill passed, sparking debates on human rights.

📰 Israel's Military Intelligence Chief Resigns After Hamas Attack on Oct. 7

Israeli military intel chief Maj. Gen. Aharon Haliva resigned over Hamas' Oct. 7 attack, Israel's deadliest. His resignation stems from Intel failure to anticipate or respond swiftly. His departure may lead to more resignations amid the ongoing Gaza conflict. Haliva expressed regret for intel shortcomings. Opposition leader Yair Lapid backs Haliva. Netanyahu reaffirmed their determination stating "Our resolve remains unyielding." 

SCIENCE & TECH

🎮 ASUS partners with Meta to craft high-performance gaming VR headset

Meta teams up with ASUS to craft a gaming headset using Meta's Horizon OS, designed for gamers. The upcoming Xbox-themed Meta Quest 3, backed by CEO Mark Zuckerberg, ensures smooth compatibility with Xbox controllers and Game Pass. ASUS co-CEO S.Y. Hsu hails the collaboration as a transformative fusion of Horizon OS and ASUS gaming hardware. 

🔍 Meta AI Integrates Google Search and Microsoft Bing Results

Meta AI now integrates Google Search results, alongside Microsoft Bing. Meta's move aligns with incorporating real-time data. You can now enter searches in the search bar in the Facebook, Instagram, WhatsApp, and Messenger apps. When Meta AI includes search results, those will appear as a tappable link beneath the answer, as Sources. Tapping on that link will bring you to the web, but keep you within the Meta app.  

SPORTS & ENTERTAINMENT

🔄 Jets trade QB Zach Wilson to Broncos for late-round pick swap

Zach Wilson, leaving the New York Jets, joins the Denver Broncos in a trade for a late-round pick swap. After New York struggles, Wilson aims for redemption in Denver's quarterback mix. With Sean Payton's mentorship, he seeks career revival. Ian Rapoport, NFL analyst, notes: "Wilson's journey from New York's shadows to Denver's spotlight marks a pivotal chapter."

🚀 Matt Ryan Retires, Signs One-Day Contract with Atlanta Falcons 

Quarterback Matt Ryan signed a one-day contract with the Atlanta Falcons, following a stint with the Indianapolis Colts in 2022, as a gesture of appreciation and respect for the organization retiring with the team he spent most of his 14-year NFL career with. Known for six playoffs, including a Super Bowl run in 2016, and an NFL MVP title. He moves to an NFL analyst role at CBS. 

OTHER NEWS

🔍 U.S. Supreme Court Debates Fines for Homeless Sleeping Outdoors

The U.S. Supreme Court examines laws targeting homeless sleepers, notably in Grants Pass, Oregon. Justices scrutinize these policies' constitutionality, highlighting the crucial necessity of sleep. Amid surging national homelessness, the ruling carries significant implications. Justice Sotomayor raises poignant questions Where are they supposed to sleep?  Are they supposed to kill themselves, not sleeping?" 

🚨 US Campus Protests Over Gaza Spark Mass Arrests 

Protests are erupting across US campuses over the Gaza war, with NYU and Yale witnessing arrests. Columbia shifted to virtual classes amid escalating tensions While Demands for divestment are growing, alongside increased incidents of antisemitism and Islamophobia. Columbia's Knight First Amendment Institute questioned the necessity of police intervention, asking, "Was the danger really that imminent?"  

THIS DAY THAT YEAR

On April 23rd, 2005  YouTube's first-ever video, "Me at the zoo," debuted. Uploaded by co-founder Jawed Karim, it showcased elephants at the San Diego Zoo. Despite its brevity, the 18-second clip has since amassed over 19 million views and 130,000 comments.

BRAIN TEASER

You answer me, although I never ask you questions. What am I?

Nailed it or stumped? Hit us with a reply and find the correct answer 🎯

Here’s what yesterday’s teaser was!

What can fill an entire room without taking up any space?

The answer is: Light

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