Good Morning! On this date in 1980, someone shot J.R. Ewing in perhaps the greatest season cliffhanger in TV history. Ninety million people tuned in to “Dallas” to see who shot J.R. (Who Did Shoot Him?)
Are you happy? Our article today on Gallup’s annual happiness report says that life satisfaction is declining in the U.S. But we polled our readers about their own happiness a few months ago, and the result was overwhelmingly positive. That’s why we love Flyover country!
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EPA Sets Electric Car Quota
The Biden administration released revised automobile emissions standards Wednesday, requiring 56% of all new vehicle sales to be electric by 2032.
A previous proposal by the government for 67% of new cars to be electric by 2032 was called “unworkable” by automakers. Overall, EV sales have slowed, and questions persist about the cost, range, and availability of public charging stations.
The White House effort to impose strict emission standards also demands 13% of new passenger cars to be plug-in hybrids.
Critics believe the EPA’s authority to dictate emissions limits could be challenged in the courts. A 2022 ruling by the Supreme Court limited the EPA’s ability to regulate carbon dioxide emissions from power plants.
Gallup: U.S. Getting Less Happy
Gallup’s annual “World Happiness Report” once again names Finland the happiest nation, but the United States dropped out of the top 20 happiest countries for the first time. Survey results are here.
The reason for the U.S. decline is that people under the age of 30 feel worse about their lives, Gallup says. The U.S. actually ranks in the top 10 happiest countries for people older than 60.
Overall, the survey also shows that “happiness inequality” is increasing between young and old people, with the younger generation declining sharply in life satisfaction.
Planning Begins for ‘Lunar Railroad’
A federal agency has selected aerospace giant Northrop Grumman to plan a “lunar railroad” to bring commercial development to the moon in the future.
DARPA, the U.S. Defense Advanced Research Projects Agency, is working with various companies to develop a ten-year Luna Architecture plan and chose Northrop Grumman to produce concepts for a freight railroad on the moon.
The plan will include the resources needed, an outline of costs and risks, and concepts for building and operating a track-based system using robotics. The final report will be shared at a consortium meeting in June.
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➤ House lawmakers hurled accusations at each other Wednesday during a contentious hearing over President Biden and son Hunter’s business activities. Three associates of Hunter Biden testified, though Biden himself was absent. (See Details)
➤ The judge overseeing former President Trump’s Georgia case ruled that he could appeal his decision to allow District Attorney Fani Willis to remain on the case. Willis has been accused of creating a conflict of interest by hiring a romantic partner as a prosecutor. (More)
➤ Afederal appeals court blocked a Texas immigration law just hours after the Supreme Court had OK’d it on Tuesday. The proposed law would allow the state to arrest and deport illegal immigrants. (More)
➤ Bernie Moreno and Derek Merrin, two Ohio candidates backed by former President Donald Trump, won their GOP primaries and will face Democratic incumbents considered vulnerable. (More)
➤ The Los Angeles Dodgers needed a four-run eighth-inning rally to beat the San Diego Padres 5-2 in Wednesday’s MLB season opener in South Korea. (More)
➤In other MLB news, South Korean police responded to a bomb threat against Los Angeles Dodgers star Shohei Ohtani before Wednesday’s game. No bomb was found. (More)
➤An English Women’s Soccer League match between Arsenal and Chelsea suffered an embarrassing delay for 30 minutes last week because the teams had matching socks, which is illegal. Arsenal obtained black socks and lost 3-1. (More)
➤Clemson University filed a lawsuit against the ACC Tuesday, claiming the school should retain its media rights and not pay an exit fee of $140 million, three times the ACC operating budget, when it leaves the conference. (More)
Market Report 03/20/2024
▲
NASDAQ Natl. Assoc. of Securities Dealers Automated Quotations
16,343.09
+1.09%
▲
SPX S&P 500
5,223.46
+0.87%
▲
DJI Dow Jones Industrial Average
39,512.13
+1.03%
▲
BTC Bitcoin
$66,995.07
+8.18%
▼
SIG Signet Jewelers Limited
$90.08
–12.08%
➤ Big Stock Move: Signet Jewelers stock fell 12% Wednesday despite posting good results for its 4th quarter after the company gave disappointing guidance for the coming year. (More)
➤ The Federal Reserve signaled that it expects to cut interest rates three times this year and said economic growth and inflation above 2% would persist into next year. (More)
➤ Chipotle Mexican Grill proposed an “unusual” 50-for-1 stock split this week to make its $2,800 shares more accessible to employees and non-traditional investors. If approved, the split would be one of the largest in history. (More)
➤ Shares of Paramount Global jumped nearly 12% Wednesday after a published report indicated Apollo Global Management offered to buy the company’s film and TV studio for $11 billion. (More)
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➤Artifacts recovered from an ancient campsite in Ethiopia suggest early humans not only survived a volcanic super-eruption 74,000 years ago but thrived in the new arid environment, researchers say. (More)
➤Astronomers discovered an egg-shaped planet, 1,400 light years from Earth and twice the size of Jupiter, on a 3 million-year death-spiral trajectory toward a star. (See Photo)
➤ Texas middle school science students conducted experiments and tested theories aboard the G-Force One Aircraft, an airplane capable of simulating a zero-gravity environment. (See Video)
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➤ A poll by Gallup indicated Republicans and Independent voters viewed China as America’s top adversary, while Democrats said it was Russia. Overall, Americans believed China and Russia were America’s greatest enemies today. (See Results)
➤A new survey by the Pew Research Center revealed a majority of Americans hold a positive view of religion but see its role in society as shrinking. Americans also don’t view President Biden or former President Trump as “religious.” (See Results)
➤ The National Opinion Research Center found that a majority of Americans wanted the country to be less active in foreign affairs, while 23% believed the U.S. should be more active. Thirty-six percent felt U.S. involvement was about right. (More)
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➤ A California pastor was arrested Tuesday for allegedly paying several men $40,000 in 2023 to murder his daughter’s boyfriend. (More)
➤French bulldogs remained the most registered purebred dog in the U.S. last year, according to the American Kennel Club. Other breeds in the top 10 included labrador retrievers, golden retrievers, German shepherds, and poodles. (See Photos)
➤ Friday night’s Mega Millions jackpot drawing has reached $977 million or a cash prize of $461 million for anyone lucky enough to pull the winning numbers. (More)
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Gallup: U.S. Getting Less Happy 
Market Report 
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