ibt-mailDec 4, 2024, 9:54 AM

South Korea Political Upheaval Shows Global Democracy's Fragility, Resilience

Newsletter Dec 4, 2024 Quick Six South Korea shows global democracy's fragility, resilience South Korean President Yoon Suk Yeol's imposition of martial law marks a new warning for the

Newsletter Dec 4, 2024

Quick Six

South Korea shows global democracy's fragility, resilience
South Korean President Yoon Suk Yeol's imposition of martial law marks a new warning for the worldwide fragility of democracy, even in a country hailed as a model of political transformation. Yoon's overnight attempt to shut down political activity, censor media and lock out opposition lawmakers stunned South Korea's longtime ally, the US, which said it had no advance warning and issued a statement of concern. President Joe Biden had even chosen Yoon as the host in March of his final Summit for Democracy -- a signature initiative of the outgoing US leader.
SEE SOUTH KOREAN PROTESTORS CLASH OVER DECREE

US retailers approach holiday weekend shopping records
US consumers turned out in force in stores and online over the Thanksgiving weekend, a key stretch in the holiday shopping season, a leading retailer group said Tuesday. A total of 197 million shoppers made purchases during a five-day stretch that includes Black Friday and Cyber Monday, according to figures from the National Retail Federation. The number is a bit below the record 2023 level of 200.4 million, but the second highest ever.
SEE WHAT THE NUMBERS MEAN FOR HOLIDAY RETAILERS

Largest private company in US plans mass holiday layoffs
The largest private company in the US is quietly firing about 8,000 employees right before Christmas. Cargill, a major ingredients business and food production company, has been hit hard after grocery prices dropped recently as crops the company trades, including wheat, corn and soybeans, hit new lows. Cargill's businesses fell short of reaching their earnings goals in fiscal 2024, with less than a third of their businesses doing so.
WHY SO MANY CARGILL WORKERS WILL LOSE THEIR JOBS

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Trump offers to make Canada '51st state'

After revealing his plans to implement a 25% tariff on all Canadian products sold to the US, President-elect Donald Trump reportedly mocked Canadian Prime Minister Justin Trudeau by telling him that Canada could become the 51st state of the United States. Trudeau traveled to Mar-a-Lago to meet with Trump after he threatened to impose tariffs on trade between the US and Canada. Trump indicated that the tariffs are punishment for Canada's inability to prevent illicit substances and undocumented immigrants from entering the U.S. through their border, which Trudeau vowed to provide increased efforts.

TRUDEAU CLAIMS US-CANADA TARIFFS COUNTERPRODUCTIVE

Amazon launches AI models to rival big tech

Amazon on Tuesday unveiled a suite of artificial intelligence models in its boldest move yet to compete with tech-giant rivals in the AI sector. The launch of its own line of foundation models marks Amazon's latest push to strengthen its position against forerunners Microsoft, Google, Meta and OpenAI. Until now, Amazon's AI offerings through its AWS cloud service had largely been limited to providing access to models from other companies, including Anthropic, an AI startup it backs.

SEE WHY AWS' CLOUD-COMPUTING GIVES IT A BIG EDGE IN AI

Trump ranks among least wordy politicians

A study assessed the usage of words used by politicians in the United States and the United Kingdom to determine the person who uses fewer words to get their message across. When it comes to speaking, Republican Marjorie Taylor Greene (380.4) and Democrat Nancy Pelosi (394) use the least amount of words when communicating. Vice President-elect J.D. Vance (401.6) and President-elect Donald Trump (408.9) are next on the list, likely due to their "hit first, think later" styles.

WHICH US AND UK POLITICIANS ARE RANKED AS WORDIEST?

Extra point

Which US presidents gave the shortest and longest inaugural address?

Monday's answer: The first non-book items sold on Amazon were video games and music in 1998. Amazon now carries over 12 million products.

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