• The Current
  • Posts
  • šŸŒŠ Cash Landing for Delayed Flights

šŸŒŠ Cash Landing for Delayed Flights

Plus: Good Day for World Peace?

Happy anniversary of the first guillotine execution!

In 1792, Nicolas J. Pelletier became the first person to be executed by guillotine in Paris. Itā€™s not clear whether his crime was merely a robbery or a robbery and a murder ā€” these are just the minor details ā€” but three different criminal courts confirmed his death sentence.

The hilarious part about the first guillotine execution is that the crowd was unimpressed. Spectators felt it happened too fast and lacked the entertainment of a hanging, death-by-sword, or breaking at the wheel. A 2007 book reports that one witness found it too ā€œclinically effective.ā€ Wow, what killjoys. Why couldnā€™t they suck it up and make death fun again?

In today's edition:

āœˆļø Airline cash refunds for delays?

šŸ’Š Indiana woman calls cops to complain about her meth

šŸ‡ØšŸ‡³ China's sinking cities

ā€“Max, Max, Jen, and Alex

KEY STORY

Airline Cash Benefits

The US Department of Transportation (DoT) announced new rules requiring airlines to automatically give cash refunds to passengers for canceled or ā€œsignificantly delayedā€ flights

  • The new rules define a ā€œsignificant delayā€ as 3 hours for a domestic flight and 6 hours for an international. Refunds must be offered in cash ā€“ rather than vouchers or other forms of compensation ā€“ and must be assigned automatically, meaning flyers donā€™t have to initiate complaints themselves

  • The rules also require airlines to provide refunds if airlines lose bags and donā€™t return them within 12 hours

Dig Deeper

  • All sites that sell tickets ā€“ whether they be from the airlines or third-party sites ā€“ must provide refunds, which must be paid within seven days for credit cards and 20 for other payment types

  • The rules also crack down on ā€œsurpriseā€ fees, including by mandating that parents can sit with their children without extra charge

  • In response to the new rules, Airlines for America, a trade group representing air carriers, said that most airlines already ā€œabide by and frequently exceedā€ DoT guidelines

KEY STORY

Kabul Airport Investigation

A CNN investigation questioned the official account of events surrounding the 2021 Kabul airport attack

  • On August 26, 2021, an ISIS suicide bomber detonated an explosive backpack outside of Kabulā€™s major airport. 13 US soldiers and 170 Afghan civilians died

  • The Pentagon has acknowledged that US and British forces fired three bursts of gunfire after the explosion, but has alleged that nobody was hit

  • Per CNN, GoPro footage from the scene captured 11 gunfire bursts totaling at least 43 shots over the four minutes after the explosion. An Afghan doctor told CNN he treated patients with bullet wounds, suggesting at least some casualties werenā€™t from the blast

Dig Deeper

  • The Afghan doctor said that he received two threatening calls after the explosion, one of which said, ā€œThis is not good when you are collecting that data [on the gunshots]ā€

  • It is unclear from the GoPro footage who was firing the shots, or from where

  • The Pentagon has released two reports detailing the events of the bombing, both of which denied that gunfire led to casualties

KEY STORY

Good Day for World Peace?

Yesterday President Biden signed into law a package giving $95B to Ukraine, Israel, and Taiwan, and forcing a TikTok sale

  • The package will give $60B to Ukraine, $26B to Israel (including $1B+ to Gaza), and $8B to Indo-Pacific allies, mostly Taiwan

  • Biden called yesterday ā€œa good day for world peaceā€ and said the US would start sending aid to Ukraine ā€œin the next few hoursā€

  • The bill gives China-based ByteDance at least 270 days to sell the app to a US company or face a ban. TikTokā€™s CEO condemned the bill: ā€œWe will keep fighting for your rights in the courts. The facts and the Constitution are on our sideā€

Dig Deeper

  • TikTokā€™s CEO called on American users to post stories on TikTok sharing how the app has improved their lives

  • Despite formerly trying to ban it, Donald Trump has opposed the TikTok bill, calling it a ban and arguing it will empower Meta, which he said could then meddle in elections to harm him

KEY STORY

Spain PM Resigning?

Spanish Prime Minister Pedro SƔnchez has paused public duties while he considers resigning amid a corruption investigation into his wife

  • Sanchez, a socialist, has been Spainā€™s prime minister since 2018. On Wednesday, a Spanish court opened an inquiry into his wife, BegoƱa GĆ³mez, after an anti-corruption group associated with Spanish conservatives accused her of helping to bail out a company to which she had ties

  • In a letter, SĆ”nchez claimed that Spainā€™s political right was conspiring to bring the charges: ā€œI am not naive. I realize they are denouncing BegoƱa, not because she has done anything illegal - they know there is no case - but because she is my wife,ā€ he claimed

  • He said he will suspend his public duties in order to ā€œstop and reflectā€ on ā€œwhether I should continue to lead the governmentā€

Dig Deeper

  • An anti-corruption group linked to Vox, a far-right political party, brought the complaint against GĆ³mez. The complaint alleges that GĆ³mez had business ties to a tourism group, Globalia, that received a $507M bailout for its airline, Air Europa, during the pandemic

SPONSORED

The Lithium Boom

To make 1 EV, you need 10K iPhone batteriesā€™ worth of Lithium. With more than 350M EV sales expected by 2030, Li demand will 20X by 2040. And current extraction methods wonā€™t cut it.

But EnergyXā€™s patented tech extracts 300% more lithium. Thatā€™s why they have deals with top producers like POSCO, secured a $50M investment from GM, and won a $5M DOE grant.

Now, you have a limited-time chance to invest on the ground floor of the lithium revolution.

RUNDOWN
Some Quick Stories for the Office

šŸ„ Beginning Monday, the US Department of Agriculture will require that dairy cattle moving between states be tested for bird flu

šŸ‡®šŸ‡± Hamas published a propaganda video featuring an Israeli American dual citizen who hadnā€™t been seen alive since October 7. He was shown missing his left arm several inches above his hand

āš–ļø A collection of prominent trade groups sued the US Federal Trade Commission over new rules banning noncompetes

āœˆļø Boeing reported a $355M loss over the first quarter of 2024 and $16.6B in revenue, down 8% from a year earlier

šŸ‡ŗšŸ‡ø McKinsey, one of the USā€™ largest and most prestigious consulting firms, is facing a criminal investigation over its work for opioid manufacturers

šŸŽ“ Speaker of the House Mike Johnson (R-LA) delivered a speech at Columbia University amid a wave of pro-Palestinian protests. He called on Columbiaā€™s president to resign and said, ā€œWe respect diversity of ideas, but there is a way to do that in a lawful manner and that's not what this isā€

COMMUNITY

We founded RocaNews because we wanted news companies to give us just the facts ā€“ not tell us what to think. That inspires us to do the ā€œRoca Votesā€ story each week, in which we summarize a controversial topic and see how Roca Nation feels about it.

This weekā€™s debate asks: Should the University of Southern California have cut the commencement speech of its pro-Palestine valedictorian?

In response to Madison, the Jewish student at Columbia University who got stabbed in the eye with a Palestine flag would disagree that the 'safety concerns' excuse is a cop out. 

Danny replies to Madison

It seems everyone--Hollywood types and regular folks--have to weigh in on politics when they get a spotlight. Let college graduation be about students and their achievements and not a platform for their particular views. No one wants propaganda shoved down their throats because they are a captive audience. 

Mary from South Florida

I agree with Danny and Mary that it is a safety concern and not the time or place for political statements. However, it is ironic that they are suppressing the views they themselves taught her. Iā€™m sorry but a minor in ā€œResistance to Genocideā€?  Maybe thatā€™s the real issue. 

Kendra from Sacramento, California

I graduated from Ohio State in Dec 1979. I saw The Who the night before in the Richfield Coliseum (between Cleveland & Akron) the night before. I know who my commencement speaker was, but mostly slept through graduation.

Paul in Ohio

POPCORN
Some Quick Stories for Happy Hour

šŸ” Land of a Thousand Chains: Maple Grove, Minnesota has declared itself the ā€œRestaurant Capital of Minnesotaā€

šŸŽ Unstable situation: Up to five horses, including at least one soaked in blood, broke free in central London, causing chaos. The horses likely belong to the British monarchā€™s ceremonial guard

šŸ’Š Try 1-800-RateMyMeth next time: A 34-year-old Indiana woman faces a felony narcotics charge after she called 911 earlier this year to complain about her dealer providing inferior meth

šŸˆ About damn time: The Heisman Trust is giving USC star running back Reggie Bush his Heisman Trophy back. He lost it in 2010 after it was found that he accepted money and gifts from agents

šŸ¦› Not a him-po, a her-po: An Osaka, Japan zoo announced that Gen-chan, a 12-year-old hippo believed for seven years to have been male, is female

ROCA WRAP
Chinaā€™s Sinking Cities

Nearly half of this countryā€™s major cities are sinking. 

A paper published in the journal Science this month found nearly half of Chinaā€™s major cities are suffering ā€œmoderate to severeā€ levels of subsidence. Subsidence is the gradual settling or sudden sinking of the Earth's surface.

The study found that 45% of Chinaā€™s urban land was sinking faster than 3 millimeters per year, with 16% at more than 10 mm per year.

It attributed much of that to the over-extraction of groundwater, leading to the compaction of soil and a decrease in ground level. That has been amplified by the weight of buildings and infrastructure, further compressing the soil.

The paper warns that the rate of sinking cities could put millions of people at risk of flooding, especially as sea levels rise.

ā€œEven a small portion of subsiding land in China could therefore translate into a substantial threat to urban life,ā€ said the team of researchers who wrote the study.

China already loses over 7.5B yuan ($1.04B) each year related to subsidence costs.

China is not the only country experiencing subsidence of its cities: A February study found that 2.4M square miles of land across the globe are at risk, including much of Indonesia, with large parts of the capital, Jakarta, now below sea level.

Of the 44 major coastal cities experiencing subsidence, 30 were in Asia. Will Chinese cities stay on that list ā€“ or can China save its sinking cities? 

Reply to this email to let us know what you think!

EDITORā€™S NOTE
Final Thoughts

Almost the end of the week, Roca! Thanks for being here and see you tomorrow.

ā€” Max, Max, Alex and Jen

*This is a paid advertisement for EnergyX's Regulation A+ Offering. Please read the offering circular at https://invest.energyx.com/