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@financialtimes

Pensions used to be a topic that people in Britain hated to talk about. And no wonder, when the statistics are so depressing. Most workers are not investing anywhere near enough to fund a comfortable retirement, yet saving any extra right now is a luxury few can afford. But who is least prepared? Today’s over-55s are already rather too aware of their pension choices thanks to frenzied speculation about tax raids in the run-up to the autumn Budget. The upshot? Those who have managed to save for retirement are taking it out again in droves. This risks making a bad situation worse for Generation X, the cohort aged 45 to 60, many of whom face a substantial pensions shortfall. Not only do they run the risk of a retirement with significantly lower financial security than their predecessors, but a new poll has evidenced a worrying lack of pensions knowhow. Tap the link in our bio for the full story from @claerb

@financialtimes

Time spent on social media peaked in 2022 and has since gone into steady decline since. Digital audience insights company GWI carried out an analysis of the online habits of 250,000 adults in more than 50 countries showing people turning away from the platforms. And this is not just the unwinding of a bump in screen time during pandemic lockdowns — usage has traced a smooth curve up and down over the past decade-plus. Across the developed world, adults aged 16 and older spent an average of two hours and 20 minutes per day on social platforms at the end of 2024, down almost 10% since 2022. Notably, the decline is most pronounced among the erstwhile heaviest users — teens and 20-somethings. What’s going on? Tap the link in our bio to read the full story.

@financialtimes

The US dollar, which has had its worst start to the year in two decades, is dividing the stock market, with multinationals and exporters outshining companies more geared to America's domestic economy.⁠ ⁠ A Goldman Sachs index of the 50 blue-chip US companies with the highest share of foreign sales exposure has jumped 21% this year, with stocks such as Meta Platforms and Philip Morris outperforming the S&P 500 index. ⁠ ⁠ In contrast, the bank’s gauge of Wall Street shares with the greatest proportion of domestic sales — which includes T-Mobile US and Target — has gained just 5%, as such companies failed to reap the benefit of a weaker dollar while also being hit by the steeper cost of imports.⁠ ⁠ Tap the link in our bio to read more.

@nytimes

A bronze-colored statue depicting Donald Trump and Jeffery Epstein holding hands and kicking up their legs in apparent merriment has returned to the National Mall, a week after the National Park Service removed it. The statue, the latest in a series of satirical installations by an anonymous group of artists, called Secret Handshake, was created to “celebrate the long-lasting bond between President Donald J. Trump and his ‘closest friend,’ Jeffrey Epstein,” according to its plaque. Read more at the link in our bio.

@nytimes

Sean “Diddy” Combs, the disgraced hip-hop mogul, was sentenced to more than four years in prison on Friday for prostitution-related offenses. Ben Sisario, our reporter covering music and the music industry, explains what to know about the sentence. Read more about the federal trial at the link in our bio. Video by Ben Sisario, Karen Hanley, Melanie Bencosme, Laura Salaberry, Gabriel Blanco and June Kim/The New York Times

@wsj

Jacob Elordi wishes shame would come back in style.⁠ ⁠ At the link in our bio, the actor also discusses his return to Netflix for "Frankenstein," working with Margot Robbie and the mystery he hopes no one solves.⁠ ⁠ 📷: @michaelbaileygates for @wsjmag

@wsj

A fire at Chevron’s El Segundo refinery in Los Angeles has been contained, local police said.⁠ ⁠ There were no reports of injuries and all personnel were accounted for, Chevron said in a statement, according to the AP. The statement didn’t reveal what caused the fire.⁠ ⁠ Read more at the link in our bio.⁠ ⁠ Photo: Brian Lutz via Storyful⁠

@wsj

A group of nine universities are at the center of a political collision as they prepare responses by Oct. 20 to the Trump administration’s sweeping proposal to reform campus operations in exchange for preferential access to federal funds.⁠ ⁠ Read more at the link in our bio. ⁠ ⁠

@politico

Our @dashaburns asked White House National Economic Council Head Kevin Hassett if he was "personally comfortable with the mass firings of civil servants as the admin's response to the shutdown." Hassett responded that he believes that everyone wants "democrats to give us a clear resolution," but goes on to say that permanent layoffs are “on the table” for federal employees. Listen to the full interview on this week’s episode of #theconversation, out now.

@politico

White House National Economic Council Head Kevin Hassett tells our @dashaburns that an independent Fed is transparent, open with the public, encourages debate, and acknowledges their errors. Listen to the full interview on this week's episode of #theconversation, new episode out now.

@politico

New bodycam footage shows the scuffle between Dem Rep. LaMonica McIver and ICE agents outside a federal immigration facility on May 9. Our @RyRivard has reported on a key behind-the-scenes moment just before McIver's arrest. Now, for the first time, the body camera footage has been released. More details on the case at the link in bio.

@apnews

Jewish and Muslim communities in Manchester called for solidarity Friday, a day after a synagogue attack. A man drove a car into people and stabbed them outside a synagogue in northwest England on Yom Kippur, the holiest day of the Jewish year.

@apnews

Sean “Diddy” Combs was sentenced Friday to four years and two months in prison for transporting people across state lines for sexual encounters, capping a sordid federal case for one of the most influential figures in hip-hop.

@apnews

Every year, growers raise giant pumpkins and compete in annual weigh-offs against other colossal fruits. How do they get so big?

@nytimes

Trump officials want universities to sign on to conservative priorities to get special treatment. At least one school has signed up, while others in higher education say it would end academic freedom. Read more about the changes the Trump administration wants to enact at the link in our bio.