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Thursday | 5.10.18
"Two decisions made by the M.T.A. — one to slow down trains and another that tried to improve worker safety — appear to have pushed the subway system into its current crisis"


BUSINESS


  • Markets appear chipper this morning, poised for a sixth consecutive day of gains which would make it the longest streak since February. Investors have largely shrugged off potential geopolitical uncertainties arising from the decision to abandon the Iran nuclear deal, instead focusing on inflation data released later this morning as a preview to what the Federal Reserve may decide on upcoming interest rate hikes. MarketWatch
                             

  • Snap CEO and new father Evan Spiegel was the highest-paid executive of a publicly traded U.S. company last year, thanks to a $505 million payday when the photo and messaging service went public. Trailing Spiegel are two executives for private equity giant KKR. For other executives on the list, head here: Bloomberg
                             


POLITICS


  • Three Americans who had been held captive by North Korea have been returned ahead of a planned summit between President Donald Trump and the country's leader, Kim Jong Un. Details of the anticipated meeting between the two have yet to be announced, though the latest rumors have Singapore as the likely location. Reuters
                             
    Related: Secretary of State Mike Pompeo is having a hard time with Kim Jong Un's surname New York Times
                             

  • California is set to become the first state to require solar panels on new homes and low-rise apartment buildings starting in 2020. The move would bump construction costs by an estimated $10,000 per single-family home, but is expected to generate that much and more in energy savings. The Guardian
                             

  • Why did AT&T, Novartis, Korean Aerospace Industries, and Columbus Nova pay nearly $2 million to Michael Cohen, President Donald Trump's personal lawyer? Vox
                             


SPORTS


  • [Basketball] Despite losing two of their biggest stars, the Boston Celtics have improbably reached the Eastern Conference Finals after holding on to beat the Philadelphia 76ers in a 114-112 victory. The Celtics will face the Cleveland Cavaliers in Game 1 of their series on Monday. Yahoo
                             

  • [Hockey] The decisive game to determine who will be the last semi-finalist happens tonight as the Nashville Predators host the Winnipeg Jets in Game 7. ESPN
                             


CULTURE


  • The Mormon church has announced that it will sever ties with the Boy Scouts of America after more than 100 years of partnership. Instead, the Mormon church will create their own youth leadership program (likely without blackjack and hookers) that begins in 2020. The move is fairly significant, given that Mormon boys comprise approximately "18.5 percent of the 2.3 million youth in the organization". NPR
                             


TO SHARE


  • Neat read (with fun visuals) for your morning commute... "How 2 M.T.A. Decisions Pushed the Subway Into Crisis" New York Times
                             

  • "Seven Ways You're Doing Brunch Wrong"... at my age, even going out for brunch is the first mistake Bloomberg
                             

 

This magnetic doorstopper would be an excellent Mother's Day gift. Probably not actually but it's pretty neat anyway. Imgur
                         


This dog knows that email is the best way to receive your morning news Imgur
                         
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Curated and written by Phil Nguyen


The Daily Water Cooler, Upper East Side, New York, NY 10128


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