Hotness in the News by SociaLifeChicago is your daily intel for the morning’s hot news topics to get your day started. Make small talk, better.
“Don’t be satisfied with stories, how things have gone with others. Unfold your own myth.” ― Rumi
A string of racist incidents on the campus of the University of Missouri which began at the beginning of the semester is now getting the spotlight; first last week by the hunger strike of Jonathan Butler and now that several African American football players have joined the fight, backed by their teammates coach and the possibility of paying $1 million dollars forfeiture fine is on the line, it seems the University of Missouri president Tim Wolfe is ready to listen to students concerns rather than drive away as he did at an homecoming parade. #ConcernedStudent1950, the activist group leading the protests whose name pays homage to the year Missouri first admitted black students, are calling for his resignation and the University system’s Board of Curators is due to hold a special meeting Monday morning on the Columbia, Missouri campus. In a statement released Sunday afternoon, Wolfe who is under mounting pressure to resign said “It is clear to all of us that change is needed and that the university has been working on a “diversity and inclusion strategy,” which it had intended to announce in April 2016.” [WASHINGTON POST]
Quick background: The country, formerly Burma, had been ruled mostly by military dictatorship (junta) since 1962 after it became independent in 1948 until about 2011. Nobel Peace laureate Daw Aung San Suu Kyi who was on house arrest for many years including missing the death of her husband, was freed from house arrest in 2010 (there’s a great 60 minutes piece on her HERE). The President announced that they will hold general elections on November 8, the country’s first elections since a nominally civilian government was introduced in 2011 and now the opposition party led by democracy figurehead Aung San Suu Kyi has won landslide victory in the landmark nationwide elections, which may signify a new day and path for a new democratically ruled Burma. Under the current, military-drawn Constitution, a quarter of the seats in Parliament are appointed by the military, so her party would have to win two-thirds of the contested seats to have a majority.
The Financial Stability Board, a group formed by the G20 nations to prevent another Lehman (Lehman who?! exactly!) Bros financial disaster, released its plan for tackling banks seen as too big to fail. Though since the banking collapse, many banks especially those that received government bailouts have had to take many preventative steps to prevent loss but now the plan calls for “the most systemically important lenders must have total loss-absorbing capacity equivalent to at least 16 percent of risk-weighted assets in 2019, rising to 18 percent in 2022.” [BLOOMBERG]
Catalonia’s regional government have voted and they can now begin plans to seccede from Spain… Early this morning, shortly before 6:15 a.m, a 43-year-old man was killed and two others were wounded near Penn Station the reason for the shooting, which appeared to have stemmed from an interaction underground remains under investigation…Boeing ..Match is finally going public after announcement that it has set IPO terms and plans to sell 33.3 million shares at $12 to $14 a piece and raise up to $536.7 million. The parent company of Tinder and the Princeton Review, counts 59 million monthly active users, reported $888.3 million in revenue in 2014. You’ll note that noted Chicago entrepreneur/investor Sam Yagan heads up the Dallas-based company owned by IAC/InterActiveCorp and IAC will retain control of more than 50% of voting rights after the IPO under its ownership of Class B shares…Snapchat is closing in on FB’s video turf as reports reveal the number of videos viewed on Snapchat every day has tripled since May to 6 billion compared to Facebooks 8 billion daily video views; YouTube has more than 1bn monthly active users who generate “billions of views” every day… Yesterday, about 1,000 gallons of crude oil spilled at the scene of a Canadian Pacific train crash in Watertown, Wisconsin…They went in for pancakes and well, the earth got hungry too I guess as a sinkhole in swallowing at least 12 vehicles in the parking lot of an IHOP in Meridian, Miss which was preceded by a “series of booms” and the power going out.
Over the weekend, the K Klan celebrated mom Kris’s 60th birthday with a Gatsby themed SexySixty that cost a reported $2 million. Including her children, though no signs of Rob, guests included John Legend & Chrissy Tiegen, Will and Jada Smith, …The Gucci sponsored fifth annual LACMA Art + Film Gala Saturday night co-chaired by Leonardo DiCaprio honored Oscar winning director Alejandro Gonzalez Inarritu, L.A. artist James Turrell. The Eagles’ Joe Walsh played instead of Sam Smith, who fell ill a few hours before the event…Last night on “Watch What Happens Live” actress Vivica A. Fox dropped some tea on her ex, 50cent…If you haven’t yet, binge watch the new Aziz Ansari Netflix show “Master of None,” most older Millennials can relate…One year after his death, director Mike Nichols’s wife Diane Sawyer held a celebration of life event at Barry Diller’s IAC building in New York City which was attended by Meryl Streep, Daniel Craig, Jennifer Westfeldt who was there with former boyfriend Jon Hamm, Steven Spielberg and Cate Capshaw, Barbara Walters, Robin Roberts with girlfriend Amber Laign, Christopher Walken, Aaron Sorkin, Anna Wintour.
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