Pentagon cancels procuring M10 Booker combat vehicles due to 'current world events'
(Reuters) -The Pentagon on Wednesday said it would cancel plans to procure M10 Booker combat vehicles that it had agreed to in a 2022 contract with General Dynamics Land Systems "in response to current world events."
"The Army will request to reallocate the remaining funds in fiscal 2025 to accelerate fielding of war-winning capabilities and anticipates additional significant savings to be fully realized within the next 18-24 months," the Pentagon said in a statement.
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Newsweek
2 hours ago
- Newsweek
Jeff Bezos' Venice Wedding Was Relatively Cheap
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Jeff Bezos' multimillion dollar wedding to Lauren Sanchez in Venice was relatively him. The cost of the nuptials on Friday was estimated between $47 million and $56 million, according to Reuters, citing Luca Zaia, president of the Veneto region where the Italian city of canals is based. And while this sum may appear lavish to any ordinary American, it amounted to just 0.0193-0.0230 percent of the Amazon founder's estimated $244 billion net worth, as recorded by the Bloomberg Billionaires Index. The average and median net worth of an American family is $1,063,700 and $192,900 respectively, according to the most recent data from the U.S. Federal Reserve. This means Bezos' wedding was financially similar to an average American spending less than $250 on their wedding—about the cost of a family dinner or a new pair of sneakers. To put that percentage into further context, Newsweek analyzed what similarly proportioned wedding spending would look like for Americans in professions such as construction, nursing and law. Lauren Sanchez Bezos, left, and Jeff Bezos depart from the Aman hotel during wedding celebrations on June 28, 2025, in Venice, Italy. Lauren Sanchez Bezos, left, and Jeff Bezos depart from the Aman hotel during wedding celebrations on June 28, 2025, in Venice, Italy. Luca Bruno/AP Photo Why It Matters Bezos is currently the third richest person in the world, after Tesla CEO Elon Musk and Facebook founder Mark Zuckerberg, according to the Bloomberg Billionaires Index. The comparatively negligible impact of the billionaire's wedding bill on his total wealth highlights the vast and growing gap between the world's richest individuals and the average American worker. Half of regular Americans anticipate going into debt to pay for their weddings, according to a survey earlier this month by U.S. News. What To Know Newsweek used ChatGPT to help calculate the dollar amount U.S. workers in several professions would need to spend on a wedding to match the same fraction of net worth as Bezos did. Breaking Down the Proportions A construction worker, whose average net worth is approximately $60,000, would only spend between $11.58 and $13.80 on their wedding, as that amount is 0.0193 percent to 0.0230 percent of their net worth. This is roughly the equivalent of two small lattes from Starbucks. Nurses, whose average net worth was calculated to be approximately $125,000, could spend between $24.13 and $28.75 on their wedding. This is less than the cost of two bacon cheeseburgers from Five Guys. According to the AI, journalists have a lower net worth than nurses, with just $100,000 as their total net worth, meaning they have even less to spend on their weddings if sticking to Bezos' budget ratio. Journalists could spend between $19.30 and $23 on a nuptial celebration—about as much as one fancy cocktail in New York City. Teachers have a slightly higher budget of $38.60 to $46 based on an estimated $200,000 net worth. Meanwhile, the average American lawyer can afford to splash out, with $96.50 to $115 on their wedding, if sticking to spending a maximum of 0.0230 percent of their estimated $500,000 net worth. How Net Worth Estimates Were Calculated The AI constructed the approximate net worth figures from publicly available U.S. salary data, industry wage reports and national wealth surveys. For construction workers, median annual wages of $46,050 from the Bureau of Labor Statistics informed an estimated 30-year career saving a modest percentage of income, landing at a net worth of $60,000. Nurses, with average salaries near $89,000 and consistent retirement contributions, were estimated with net worth ranging from $125,000 to $175,000. Journalists—often burdened by lower salaries and potential student debt—were projected at $100,000. Teachers, benefiting from defined-benefit pensions, could reach $200,000 or more, while lawyers, despite student loan burdens, commonly reach at least $500,000. Actual net worth can vary significantly due to factors such as debt levels, regional cost of living, career interruptions, investment returns and household dynamics. These figures should be viewed as illustrative models—not precise financial portraits of individual workers in these professions. These calculations also do not take into account the age at which people in these professions reach this level of net worth. Most weddings occur when people are younger, meaning they may not have reached their highest earning potential by the time they get married. Activists stage a protest against the Bezos wedding on the Rialto Bridge on June 28, 2025, in Venice, Italy. Activists stage a protest against the Bezos wedding on the Rialto Bridge on June 28, 2025, in Venice, Italy. Antonio Calanni/AP Photo Bezos, 61, and Sanchez, 55, both getting married for the second time, tied the knot over the weekend in Venice after a nearly two-year engagement. The wedding was met with protesters in the city who said the city should not be rented by "oligarchs," with lead protester Marta Sottoriva saying "our city has been sold to the highest bidder." City officials disagreed with Sottoriva's "No Space for Bezos" campaign, saying Bezos donated money to Venetian causes, such as restoring council homes, as part of his agreement with the city. Bezos, Sanchez and their approximately 200 celebrity guests, including Leonardo DiCaprio, several Kardashians and Oprah Winfrey, partied in Venice for several days, shutting off portions of the city from its residents. What People Are Saying Marta Sottoriva, leader of "No Space for Bezos," told The Guardian: "There's a lot of anger in the air because once again the council has enslaved itself to the logic of profit—our city has been sold to the highest bidder. Every time an event of this kind happens, the city comes to a standstill, certain areas become inaccessible and even more tourists arrive. This wedding really is the symbol of all that is wrong with Venice." Hannah Holland, writing for MSNBC, said: "This wedding—the tenor, the clothes, the cost—indicate a callous indifference toward the realities the rest of the world is facing." Usher leaves a hotel during celebrations for Jeff Bezos and Lauren Sanchez Bezos' wedding, in Venice on June 28, 2025. Usher leaves a hotel during celebrations for Jeff Bezos and Lauren Sanchez Bezos' wedding, in Venice on June 28, 2025. Luigi Costantini/AP Photo What Happens Next The wedding industry in the U.S. continues to be a highly lucrative business, with people spending more on weddings than ever before, according to Grand View Research. However, some couples are starting to reconsider their spending, opting to save up for a home or for children instead of a wedding party.
The Hill
3 hours ago
- The Hill
Deadline to claim part of $95M settlement over Siri snooping allegations nearing
(NEXSTAR) — If you ever thought Siri was snooping on you, you have only days to claim your portion of a settlement reached in a class action lawsuit against Apple. The settlement, totalling $95 million, arose from a lawsuit filed by a California resident who claimed Siri, Apple's virtual assistant, could be activated without consent and record conversations that were then provided to third parties. Plaintiffs said they saw ads for Olive Garden and Air Jordan shoes after talking about them with an Apple device nearby, according to Reuters. While Apple denied wrongdoing in the case, telling Nexstar that 'Siri has been engineered to protect user privacy from the beginning,' the company agreed to the $95 million settlement. The deadline to file a settlement claim is fast approaching, though. Here's what you need to know. You must have had a Siri-equipped Apple device between September 17, 2014, and December 31, 2024. During that time, your 'confidential communications' must have been 'obtained by Apple and/or were shared with third parties as a result of an unintended Siri activation.' You may have already received an email (which may have gone to your spam folder) or a postcard notifying you that you may qualify. Either correspondence will have an identification code and a confirmation code used to apply for a payout. If you meet the qualifications and have not received an email or postcard, you will be able to file a claim on the settlement's website. Claims can be submitted online, regardless of whether you received an email, a postcard, or neither. Codes provided via email or postcard can be entered into this online form. If you believe you qualify for the settlement and did not receive those codes, administrators say you can submit a new claim on the settlement website. There, you'll be asked to fill out a form with your contact information and details about your device (or devices) that may be impacted. For the latter, you'll need to include the email address linked to the device and proof of purchase, like a receipt or an invoice. Without proof of purchase, you'll need to provide the serial number and model for each device. While the settlement totals $95 million, you'll receive far less. You can submit claims for up to five Siri-enabled devices that you believe were unintentionally activated during a conversation you meant to be confidential or private. Qualifying Apple devices include: Settlement officials say you may receive up to $20 per qualifying Siri device, meaning at best, you could receive $100 (for five qualifying devices). The payout could increase or decrease based on the number of valid claims, however. Tens of millions of people may qualify for the settlement, Reuters previously reported. The deadline is currently July 2, 2025, according to the settlement website. That is also the final day to exclude yourself or object to the settlement. A final hearing is scheduled for August 1, 2025, which means the earliest approved payments could arrive is later this year. However, the timelines of other class action lawsuit settlements show it could take much longer. Two settlements reached in 2022 — one against Facebook, another against T-Mobile — didn't start dispersing payments until this year.
Yahoo
7 hours ago
- Yahoo
This Is How Chinese Automakers Game The System
Read the full story on The Auto Wire To say Chinese automakers don't play fair would be an understatement, but a recent report really blows the top off things. While it addresses one aspect of how the Middle Kingdom doesn't entirely play fair, we suspect it's just the tip of the to Reuters, which did some spelunking into Chinese government documents, plus interviewed car dealers and traders, China's automakers have been artificially inflating sales for years. The explosive report highlights how manufacturers will take brand new cars from the factory, shipping them to foreign markets as supposedly used vehicles. That sounds weird, but it's an underhanded way to inflate sales figures. Not surprisingly, those cars apparently are such garbage even Chinese consumers don't want them. Thus, they're disposed by being shipped to places like Russia, Central Asia, and the Middle East as 'zero-mileage' vehicles. There's been a price war going on in the domestic Chinese auto market, which has then spilled into other countries. Desperate, some automakers have turned to underhanded methods to show growth. But for years the Chinese auto industry looked the other way, sweeping the practice under the rug. From what we understand, there are plenty of other questionable if not downright unethical practices that are also going on in the business, with Chinese Communist Party leaders oftentimes directing such things. It's known Chinese political leaders love what's called gray zone warfare tactics. While those can take the form of fishing vessels taking over an area of the ocean or building villages in territories disputed as part of India, they can also be economic in nature. In other words, we're highly skeptical of all the praise far too many in the automotive industry have been heaping on Chinese automakers lately. With unbelievably low prices and incredible technological claims, we smell a rat, a communist one to be clear. This report from Reuters helps verify the CCP is using automakers in its gray zone aggressions against the West. Image via BYD Join our Newsletter, subscribe to our YouTube page, and follow us on Facebook.
