MONDAY, JULY 10, 2023

Good morning! Today in 1940, Germany launched the attack that became the Battle of Britain, perhaps the greatest aviation battle of WW2. An overwhelmed Royal Air Force rose up to defeat the German Luftwaffe in 100 days.

In today’s edition, we’re talking about the rising cost of a first-class stamp, the new $420,000 all-electric Roll Royce sedan, and an AI press conference that reassured no one when robots said they have no plan to kill us all.

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Note: In our last edition, we accidentally said that President Nixon took America off the gold standard in 1917. Whoops! That would be 1971.

Biden Sends Deadly Cluster Bombs to Ukraine

President Biden’s decision to let Ukraine have cluster bombs has divided Democrats, with many saying the weapons violate the Geneva Convention.

Cluster munitions are banned by 120 countries because they disperse large numbers of tiny bomblets over a wide area. They can land without exploding and then kill civilians who touch them.

Ukrainian officials praised the decision, saying they needed it for their ground war against Russia, but some in Congress called it immoral.

First Class Stamps Cost More Today

The U.S. Post Office raised the price of a first-class stamp by 3 cents, from 63 cents to 66 cents, the third price hike in the last 12 months.

It’s the 17th rate change since 2000 and the shortest time between stamp increases in history.

The Post Office said the increase is necessary to offset higher operating expenses as it struggles to succeed in a ten-year plan to reach profitability.

Tribe Wants Ben & Jerry’s Land Back

The Abenaki Nation would like to discuss getting its tribal land back. Currently, Ben & Jerry’s Burlington, VT, headquarters are sitting on it.

Ben & Jerry’s last week called for America to give back “stolen Indigenous land,” including Mt. Rushmore, drawing criticism and a call to boycott its ice cream.

Don Stevens, chief of the remaining Abenaki Nation tribes, told Newsweek the tribe wanted to reclaim its Vermont land, but Ben & Jerry’s has not publicly responded to calls to return the land.

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➤ Iowa has set Jan. 15 as the date for its primary, making it the first presidential vote of the year. That means New Hampshire will most likely set Jan. 23 for its primary. (More)

➤ Presidential candidates Vivek Ramaswamy and Nikki Haley have reached the fundraising threshold to participate in the GOP primary debates. (More)

➤ President Biden said Ukraine can’t join NATO until its war with Russia is over. U.S. military aid will continue, but Biden shut the door on allowing the country to join the European alliance. (More)

➤ Paramilitary anti-Putin forces say they’re planning another cross-border raid into Russia in the next month, hoping to capitalize on Kremlin disarray. That would be their third operation across the border. (More)

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➤ In an astonishing display of base-running, Cincinnati Reds star Elly De La Cruz stole 2nd base, 3rd base, and home plate on just two pitches. He stole home while the pitcher was walking back to the mound. (See Video)

➤ Max Verstappen won the British Grand Prix Sunday to extend his Red Bull team’s winning streak to 11 straight victories, tying a 1988 record. (More)

➤ San Antonio Spurs coast Gregg Popovitch, the NBA’s winningest coach ever, agreed to a five-year contract extension worth over $80 million, making him the league’s highest-paid coach. (More)

Market Report Previous Week

▼	Nasdaq Natl. Assoc. of Securities Dealers Automated Quotations	13,660.72	–0.13%
▼	SPX S&P 500	4,398.95	–0.29%
▼	DJI Dow Jones Industrial Average	33,735.01	–0.55%
▼	BTC Bitcoin	30,172.0	–0.05%
▲	RIVN Rivian Automotive Inc	24.70	+5.82%

➤ Big Stock Move: Rivian shares climbed 18 percent Friday to their highest level this year after the electric carmaker reported better-than-expected quarterly deliveries. (More)

➤ Chinese auto brands will dominate their home market for the first time ever this year. China is the world’s largest car market, but until now, foreign brands have led in sales. (More)

➤ NFL superstar Tom Brady reportedly lost $30 million when cryptocurrency exchange FTX collapsed. Brady served as a marketing “ambassador” for the company. (More)

➤ The Northern Lights will be visible this Thursday in 17 U.S. states thanks to an expected solar storm. The best time to view the lights will be from 10 p.m. to 2 a.m. (More)

➤ Robots at an AI conference in Geneva assured reporters they won’t steal jobs or rebel against humanity. It was the world’s first human-robot press conference. (See Video).

➤ The first fully-electric Rolls Royce is now available at a price tag of $420,000. The new Spectre has a range of about 300 miles and has wowed automotive critics. (More)

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➤ Elton John played his final touring stand Saturday night in Stockholm, ending a five-year global farewell tour. The 76-year-old superstar closed the concert with “Goodbye Yellow Brick Road.” (More)

➤ Speaking of mega-tours, Taylor Swift is on track to earn $332 million this year, more than triple what she made last year when she was the highest-paid female entertainer in the world. (More)

➤ NASA celebrated Ringo Starr’s 83rd birthday by beaming his voice into galactic space. The Beatles drummer marks his birthday by chanting “peace and love” with friends, now potentially including far-off aliens. (More)