January 10, 2018
WHAT’S HAPPENING AROUND HERE
Landscapes of the Mind and Spirit – The Arts Huntsville Gallery at the VBC now features the textile works of artist Grace Harbin Wever. A former bio-scientist, Wever’s works are collages of intricately cut textiles and art papers. The exhibit is on display now through January 26th, 2018 at the Von Braun Center.
Beaks and Barks at the Huntsville Botanical Garden, January 13, 2018 – February 28, 2018 – Cool winter days during January and February are perfect for getting out of the house and enjoying the fresh air and sunshine in the Garden.
For the birding enthusiasts, you’ll be able to explore the Lewis Birding Trail, included on the North Alabama Birding Trail.
For the “Barks” part of Beaks & Barks, bring your favorite four-legged friend to the Garden each day to stretch your legs and theirs and play some fetch in our “No Leash Zone.” Your dog can play there off-leash with his pals while you make friends with other pet parents. Garden membership or admission for humans + $1 per dog or $10 PawPass for the season for your four-legged friends.
THIS WEEK’S ECONOMIC DATA
- U.S. Jobless Claims rose in the last week of December, consistent with strength in the labor market and pointing to strength for December’s payroll data and unemployment rate.
- U.S. Employment Situation for December shows unemployment steady at 4.1%.
INSIDE THE LOOP
Global Rebalancing – Mohamed Alabbar is a risk-taking real-estate tycoon. His firm Emaar Properties built the world’s tallest tower, the Burj Khalifa, as well as the glitzy landmark Dubai Mall and other buildings that now define Dubai’s skyline. But at 60 years old, Alabbar wants to create a different kind of infrastructure: a viable competitor to Amazon.com Inc. and other global e-commerce giants. That competitor is Alabbar’s startup, Noon. Funded with seed money from Saudi Arabia’s Public Investment Fund and a group of Gulf investors, Noon is now one of the most expensive tech ventures in the region.
Innovation and Transformation – Scientists are one step closer to creating opioids that relieve pain in a safer, more effective way. Researchers from the University of North Carolina and collaborators from around the world determined the structure of the activated kappa opioid receptor. They used that structure to design some new possible drugs that could treat pain without the harmful consequences of those on the market today. Current opioids latch onto several receptors on the surface of cells. They relieve pain but also can trigger side effects like nausea, hallucinations, and severe dependency. Despite the new finding, drug development and approval is a lengthy process, so it could be years before new pain treatments resulting from the research are available.
Raw Materials and Resources – The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling. The move was aimed at boosting domestic energy production and sparked protests from coastal states, environmentalists and the tourism industry. The proposal comes less than eight years after BP Plc’s Deepwater Horizon oil spill in the Gulf of Mexico. The disaster caused billions of dollars in economic damage and led former President Barack Obama to increase regulation of the industry. Interior Secretary Zinke said 25 of 26 planning areas on the Outer Continental Shelf will be considered for leasing, covering all U.S. coastlines. The last offshore lease sales for the East and West coasts were in the 1980s.
Great American Companies – Under pressure from rivals, McDonald’s is testing a new burger that is made with fresh, not frozen, beef. Named the Archburger, a reference to the company’s Golden Arches logo, the burger is getting a trial run at seven locations in the U.S. McDonald’s has been under increasing pressure to move to fresh-beef burgers because of the popularity of rival chains that offer them, from Shake Shack to In-N-Out Burger. Two sites —Plano, Tex., and a suburb of Tulsa, Okla. – are testing the new burger.
Not A Bad Salary – Apple CEO Tim Cook was paid nearly $102 million in 2017 after collecting a huge bonus of company shares based on the iPhone maker’s stock market performance. Cook was paid a salary of $3.06 million, a cash bonus of $9.3 million (up from $5.4 million in 2016), and share bonuses worth $89 million.
MoviePass – Cinema subscription service MoviePass has signed 1 million subscribers in just four months, said Brooks Barnes in The New York Times. The startup offers a cut-rate plan allowing participants to visit cinemas 365 days a year for $9.95 per month. MoviePass loses money on its $9.95 subscriptions—“a single movie ticket can cost almost twice that amount”—but aims to sell “the trove of data about consumer tastes and habits” it collects to marketers.
Thursday: U.S. Jobless Claims
Friday: U.S. CPI, U.S. Retail Sales
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QUOTE OF THE WEEK
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*Global Rebalancing…(Source: The Wall Street Journal)
*Innovation and Transformation…(Source: CNBC)
*Raw Materials and Resources…(Source: Reuters)
*Great American Companies…(Source: USA Today)
*Not a Bad Salary…(Source: The Guardian)