⏱People are waiting 12 hours for what?
90 Second News Issue #27
Good morning everyone. We hope you’re enjoying one of the last nice weekends before all we see is snow for the next 5 months (at least in the midwest!)
0:07- Maybe the government is just eating too much avocado toast
An internal analysis done by the government showcases that they’re set to lose more than $400bn from federal student loans. For context, this number is similar in size to what the banks lost in 2008 during the subprime-mortgage crisis. This means that taxpayers will be on the hook for that loss and then potentially even more as the analysis did not account for the $150bn in private loans that are backed by the government.
0:26- Go ahead and check off “Andrew Cuomo wins Emmy” off of your 2020 Bingo card
On Friday, the International Academy of Television Arts & Sciences announced that Cuomo, the New York Governor, would be receiving an Emmy for “his leadership during the Covid-19 pandemic and his masterful use of television to inform and calm people around the world.” So now all he has to do is win a Grammy, Oscar, and Tony to get an EGOT.
0:41- Biden will work to end the death penalty
After the eighth federal execution this year happened late this week, and three more were scheduled, President-elect Joe Biden issued a statement indicating that the former VP would work to end the death penalty upon taking office. This punishment was re-enacted earlier this year by the Trump administration after more than a 17 year hiatus despite warnings from both sides of the aisle.
0:57- What exactly is Roblox?
If you’re asking that question, it’s probably because you don’t have a child between the ages of 7-12. In America, over 75% (yes, you read that correctly) of children in that age range play Roblox, which is a popular gaming platform made up of user-generated games. They filed for an IPO on Thursday, reporting a revenue of $589m for the nine month period ending September 30th, which while impressive, still led to a net loss of $203.2m for that same period.
1:19- I’ve heard of reservations being made a year out for four star restaurants, but this is crazy
The popular fast food burger chain, In-N-Out opened its first two restaurants in Colorado on Friday, and to quote Steve Harvey, “everyone lost their damn minds.” The lines were over 2mi long, and the wait was up to 14 hours by 4:30pm. At that point, you could’ve driven to the closest other In-N-Out in Arizona and got your order faster.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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