GOP Limits Debate Participants

The Republican National Committee has set new rules limiting who’ll be allowed to participate in the party’s upcoming presidential debates—beginning on Aug. 23.

These are the key qualifiers: Candidates must register at least 1% support in national polls and have 40,000 unique donors. Also, they must pledge to support the eventual winning candidate.

The rules may knock out several announced candidates who don’t have widespread support. The current wisdom says that Donald Trump benefits by having more debate participants to split the vote, and rival Gov. Ron DeSantis benefits if there are fewer.

Chinese Military Challenges U.S. Again

A Chinese warship came within 150 yards of an American destroyer in the Taiwan Strait this weekend—a threatening tactic that echoed last week’s incident of a Chinese jet buzzing an American pilot.

American officials were quick to decry the Chinese challenge. “What we’re seeing is unbelievable aggression by China,” Rep. Mike Turner, head of the House Intelligence Committee, told ABC News.

The incident occurred as U.S. Secretary of Defense Lloyd Austin and his Chinese counterpart participated in a defense summit in Singapore.

What are The Top 10 Cities for Job Happiness?

The Top 10 list of cities where people are most satisfied to work doesn’t include New York, but it does feature two cities in Utah and several small college towns across the country, according to jobs-recruitment site Glassdoor.

Provo, Utah, tops the list. Also included are college towns such as Gainesville, Fla. (University of Florida) and College Station, TX (Texas A&M). The biggest cities on the list are San Francisco and Washington D.C. (See Full List Here)

➤ The Justice Department won’t charge former VP Mike Pence with possession of classified documents after leaving office. DOJ investigators say they’ve concluded their investigation of Pence, just days ahead of his planned announcement that he’s running for President. (More)

➤ A Tennessee federal judge ruled the state’s new law putting strict limits on drag shows was unconstitutional. The law—the first of its kind in the nation—banned drag shows on public property or where minors were present. The court said it violated the First Amendment. (More)

➤ Texas became the largest state in the U.S. to ban gender reassignment surgery for minors. The law will take effect in September, but several groups have vowed to fight the ban in court. Texas is now the 18th state to pass similar legislation. (More)

➤ A radical climate group who call themselves “Tyre Extinguishers” is slashing SUV tires in 18 countries worldwide, including major cities in the U.S. “You’ll be angry, but don’t take it personally,” says the group’s pamphlet. (More)

Flying together with:

Knowledge is Power

That is exactly why Founder and CEO Will Scott started Future Funders. He wanted financial knowledge to be easily accessible to any and everyone, especially the next generation.

The Flyover is excited to bring you this valuable information for FREE!

So many financial fundamentals are just not taught in the classroom – that’s why Will created Dinner Table Discussions. It’s a FREE weekly newsletter that provides parents, grandparents, friends, and neighbors with conversation-starters to talk about finances with their children or young adults.

And Will is offering this valuable information to Flyover readers for FREE. Click here to sign up and learn more.

Dinner Table Discussions provides expert advice on how to have conversations about some of the most important topics that aren’t taught in the classroom but are so important in today’s world:

How to manage debt.

Crafting a budget.

➤ Viktor Hovland won $3.6 million in Sunday’s Memorial Golf Tournament by winning in a playoff. He had tied Denny McCarthy at the 18th hole when McCarthy missed a putt that would have won the tournament. (More)

➤ Michael Jordan’s sweat-stained 1992 Olympic practice jersey will go up for auction this June and is expected to fetch a price between $400,000 and $600,000. Jordan was the star of that year’s “Dream Team” gold medalists. (More)

➤ Novak Djokovic broke a tie with tennis arch-rival Rafael Nadal this weekend by reaching the French Open quarterfinals for a record 17th time. Djokovic has his sights set on passing Nadal for a more significant record: Grand Slams singles championships. (More)

Market Report   Previous Week

➤ The new “Spiderman Across the Spider-Verse” animated film zoomed past Disney’s “Little Mermaid” live-action film to become the nation’s No. 1 movie at the box office, with a take of $120 million. “Little Mermaid” business fell by 58 percent in its second week. (More)

➤ Volkswagen is bringing its iconic VW bus back to the North American market after a hiatus of 20 years. The 2024 version will be an all-electric, battery-powered vehicle that can seat up to seven people. (More)

➤ Saudi Arabia plans to make big cuts to its oil production in July, on top of a broader OPEC+ deal to cut oil output. The country said it would cut production next month by 1 million barrels a day in an effort to keep oil prices from sliding lower. (More)

➤ The US Air Force categorically denied a widespread report that an AI-powered drone killed its operator during a simulated test. The military said it never conducted this kind of simulated exercise and that the information was based solely on a “thought experiment.” (More)

➤ However, some AI-based science fiction is coming true: Engineered Arts has now put ChatGPT AI software into an oddly humanlike robot that can converse with people and react to insults. (Watch Here)

➤ Apple is expected to unveil its new virtual reality headset today, reportedly named “RealityPro.” Virtual reality as a business has remained stalled, but experts say Apple’s new device could finally transform the metaverse concept into a more mainstream industry. (Watch Here)

➤ Washington D.C. area residents were shaken by a sonic boom Sunday as two military jets chased a Cessna business jet whose pilot was unresponsive. The Cessna, heading for Long Island, eventually crashed in Virginia after an erratic flight path. Four people were inside the aircraft; no survivors were found at the crash site. (More)

➤ The train derailment in India that killed at least 275 people was most likely caused by a signal failure, investigators said. The devastating wreck is the deadliest in two decades for the country, injuring nearly 1,200 people overall. (Photos)

➤ Chuck Todd, the longtime host of “Meet the Press,” announced on the show that he would be leaving by the end of the summer after a 10-year stint. Another inside-the-beltway journalist, Kristen Welker, NBC chief White House correspondent, will replace him. (More)

➤ A giant albino panda, thought to be the only one in the world, was filmed in the wild in China’s Wolong National Nature Reserve. (Photos)

Flying together with our sponsor

So many financial fundamentals aren’t taught in the classroom, which is why Dinner Table Discussions was created.

It’s a FREE weekly newsletter for Flyover readers that provides parents and grandparents – really anyone — with conversation starters to talk with their children and young adults about finances. Click here to sign up and learn more.

Click here for a one-click sign up – it’s free for Flyover readers. Just one click and you’re automatically signed up for access to these incredible conversation-starters to ensure your family is getting the best fiscal advice available.

Today’s Trivia

What is the longest-running program still on American television?