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.
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”
― Aristotle
INDIA
Prime Minister Narendra Modi during the India-Africa Forum Summit with 50 African leaders including presidents Jacob Zuma of South Africa, Mohammadu Buhari of Nigeria and Abdel Fattah al-Sisi of Egypt, in attempt by India to improve ties with Africa announced grant aid of $600 million where $100 million would go toward a new India-Africa Development Fund and $10 million to an India-Africa Health Fund. $10 billion in new credit for partnership of prosperity which is in addition to $7.4 billion in soft loans and $1.2 billion in aid provided since the first India-Africa summit in 2008 was also promised. “The hearts of 1.25 billion Indians and 1.25 billion Africans are in rhythm. We are united by youth – two thirds of India and Africa are below 35. And, if the future belongs to the youth, then this century is ours to shape and build.” India will soon become the world’s most populous country, is also being wooed by Facebook CEO Mark Zuckerberg during a town hall yesterday acknowledging that “more than 130 million people in India use Facebook,” making it his company’s second-largest market behind the U.S.
[REUTERS]
GOP DEBATE
Highlight’s from last night CNBC hosted the “undercard” and majors of the GOP debate included
Ted Cruz’s “The men and women on this stage have more ideas, more experience, more common sense than any participant in the Democratic debate,” comment which earned him applause from the audience. Trump was asked “why his immigration plan criticizes Facebook CEO Mark Zuckerberg, calling him Sen. Marco Rubio’s (R-Fla.) ‘personal senator’ to which he responded “I never said that” but further fact checking proved he actually did. [WASHINGTON POST]
ALBER ELBAZ
Beloved and celebrated fashion designer & Creative Director Alber Elbaz who was instrumental in making Lanvin back to being a top Paris fashion house, has been ousted from the company and now rumors that he will take the helm at Dior are starting to fly. Last Thursday he was given the Superstar award from Meryl Streep at Fashion Group International’s Night of Stars which may have previewed things to come. Elbaz’s departure from Lanvin is being hinted at as a result of “the decision of the company’s majority shareholder” Taiwanese publishing magnate Shaw-Lan Wang.Elbaz’s design team will have to complete the pre-fall collection without him. [WWD]
PAUL D. RYAN
He will be installed as the 62nd speaker of the House today making him the first speaker elected to the job in the middle of a congressional term since 1989. He would like to be known – in official capacities – as Paul D. Ryan.
SNIPS
Mayor Rahm Emanuel’s $7.8 billion fiscal 2016 budget and historic$543 million property tax hike was approved by city council yesterday…Caribbean Airlines flight attendant Rohan Myers was caught with 6.5 pounds of cocaine with street value of around $80,000, strapped to his thighs in his spandex compression underwear ….What’s this Zola everyone is talking about? Funny, sad, suspenseful, real?…Deutsch Bank is slashing 15,000 jobs and shedding assets..Truck driver Calvin Mitchell ambushed Oprah Winfrey recently following her appearance on The Late Show with Stephen Colbert but it was actually arranged by The National Enquirer based on the fact Winfrey once asked his mother to adopt him at age 11…Pharmaceutical giant Pfizer Inc is having early takeover conversations with Botox-maker Allergan Plc which could create the world’s largest healthcare group with a market value of around $330 billion, ahead of Johnson & Johnson…China’s ruling Communist Party has dropped its old one-child policy introduced in the late 1970s and will now allow all couples in China to have two children.
LOOK OF THE DAY
Prince Harry & First Lady Michelle Obama @ Launch of USA’s first Invictus Games
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