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.
“He who would learn to fly one day must first learn to walk and run and climb and dance; one cannot fly into flying. ” ― Friedrich Nietzsche
NATIONAL NEWS
• As she campaigns to get your votes to be the next President of the United States, former Secretary of State Hilary Clinton has had the spotlight on her for other reasons, specifically her email server situation (using 1 private server account for personal and official emails). She’s now agreed to turn over her private server and thumb drive containing copies of her emails, as the investigation shows multiple “top secret” information but no report yet on whether it was actually classified. Then again, grandma’s crispy skin-buttermilk southern fried chicken recipe can be classified as top secret too. [WSJ]
WORLD NEWS
• China’s Yuan woes (the problematic kind not the Drake running through the 6 kind) may not be over anytime soon. For a few weeks now, the country’s financial market has been shaky like the first time you did squats on a bosu ball. The yuan also known as the renminbi, fell sharply for the second day in a row and China’s central bank has devalued it as it faces stalled economic growth according to reports. Meanwhile, the People’s Bank of China (PBoC) in a statement said “the move to weaken it was a one-off devaluation.” [FINANCIAL TIMES]
SPORTS
• A real life #BBHMM rocked(ha!) the NFL yesterday. NY Jets quarterback Geno Smith will have to miss 6-10 weeks as he undergoes surgery to repair his jaw. No this wasn’t an on-field injury but rather he was “coldcocked, sucker-punched, whatever you want to call it, in the jaw” by teammate, Jets reserve linebacker IK Enemkpali over a $600 plane ticket dispute. Meanwhile in other NFL News, the draft is coming back to Chicago next year, after a spectacular first year in Chicago ayeee! [ESPN]
BUSINESS
• First it was the Financial Times, now Pearson is selling its 50% stake in the Economist to Italian group Exor and The Economist Group, in an effort to focus on its education publications. Exor SpA, controlled by Italy’s billionaire Agnelli family of Fiat Chrysler, will buy 27.8% for £287million) increasing their hold to 43.4% and Economist Group will buy the remaining 22.2% for [BLOOMBERG]
ENTERTAINMENT
• Did you know that you can’t plug medicine regulated by the FDA without also including side effect warning? Kim Kardashian must have missed that part of the #teamgetmoney kourse. The FDA recently issued a warning letter demanding she take down an Instagram post endorsing morning sickness pill Diclegis made by Duchesnay, which she initially stated she was not compensated for but the company disclosed that she was. Speaking of the K family, Perez Hilton has vowed to make his site Kardashian free for a whole week, to which we say how about forever? Also Bradley Cooper & Irina Shayk’s Amalfi Coast smooch sesh [PAGE SIX]
FASHION
• American Apparel had a net loss of $19.4 million in three months ending June 30 and sales fell 17% from last year which came out in their SEC filing to delay its quarterly report which may be due to potential non-compliance “of certain agreements for a revolving credit facility from lender Capital One.” The math sounds complicated but it basically boils down to uh-oh there’s trouble. Further, AA said “it does not have sufficient financing commitments to meet requirements for next 12 months without raisinG money.” [LA TIMES]
LOOK OF THE DAY
• Armie Hammer and Henry Cavill
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