🗞️ Raging L.A. Wildfires And Congressional Term Limits

January 8th, 2025

Good Evening 🇺🇸,

What happened today,

  • Several massive wildfires rage across Los Angeles county, killing at least five people, forcing thousands to evacuate their homes and the area, at the time of writing this they are 0% contained, and firefighters in L.A. have been experiencing a water shortage as they try and contain the fires

  • Representative from Pennsylvania, Brian Fitzpatrick, has introduced a bill proposing congressional term limits, the legislation would cap Representatives at six terms and Senators at two terms

  • Sam Altman’s sister, Ann Altman, has accused Sam Altman, the OpenAI CEO, of years of sexual abuse and filed a lawsuit against him…Sam, his mother, and brothers have all denied the claims

  • Biden to announce final $500 million in Ukraine aid

  • In a last-ditch effort before his sentencing on Friday, Trump has asked the U.S. Supreme Court to halt the sentencing in his NY hush money case

  • Another port strike could take place next week and tens of thousands of longshoremen could walk off the job from Maine to Texas if Union leaders and management can’t reach an agreement by January 15th, the main topic of discussion is automation

  • The ADP jobs report for the private sector showed in December the U.S. economy added 122k jobs lower than the 136k expectations

  • The Labor Department today said that applications for jobless benefits fell to 201k for the week ending January 4th, down 10k from the previous week's 211k, this week's figure is the lowest since February of last year

  • 38% Gen Z adults are suffering from a 'midlife crisis', stuck in 'vicious cycle' of financial and job stress per Moneycontrol

  • DOW up .25% / S&P up .16%

  • Italian journalist, Cecilia Sala, has been freed from an Iranian prison and is on route home, a spokesperson for the Italian Prime Minister has said, this comes weeks after she was arrested while reporting in Tehran

Plus: A breakdown of the wealth of America’s top 20 billionaires 

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Quote of the day: "I can accept failure. Everyone fails at something. But I can't accept not trying." ― Michael Jordan

Have a great night!

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