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☆ How Nobel economists spend their $1 million winnings
▼ + stars: | 2023-11-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Every year, researchers in economics are awarded the Nobel Prize, alongside a hefty sum in winnings. All you have to do is bag a Nobel Prize. Franco Modigliani, an MIT professor who nabbed the Nobel in economics in 1985 , got about $225,000 in winnings. But, ultimately, he wanted to spend his winnings according to his own research on people's saving and spending habits. So when he was asked how he'd spend what was, in 2017 dollars, around $1.1 million in winnings, Thaler told reporters : "I will try to spend it as irrationally as possible."

Persons: —, Alfred Nobel, Claudia Goldin, it's, Goldin, Lars Heikenstein, Franco Modigliani, Modigliani, I'm, Modigliani isn't, Elinor Ostrom, Oliver E, Williamson, Esther Duflo, Abhijit Banerjee, Michael Kremer, Sir Angus Deaton, Richard Thaler, he'd, Thaler Organizations: Service, Sveriges, Economic Sciences, Guardian, Nobel Foundation, MIT, Washington Post, Indiana University, National Academy of Sciences, Fund for Research, Development, Harvard University, Boston Globe, University of Chicago Locations: Stockholm, United States of America

☆ Tim Scott drops out of GOP primary race after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Despite ample financial resources, his platform didn't resonate among GOP voters. Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

Persons: Tim Scott, —, Scott, Trey Gowdy, Mindy Noce, Axios, Larry Ellison Organizations: Service, GOP, Republican, Fox News, Washington Post, South, Oracle Corporation, senator's, Opportunity Matters Locations: South Carolina, America, Iowa

☆ Tim Scott drops out of race mere hours after girlfriend reveal
▼ + stars: | 2023-11-13 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +3 min

I am suspending my campaign," Scott said during an interview on Fox News' "Sunday Night in America with Trey Gowdy." Details of Scott's relationship with Noce surfaced after he faced criticism over being unmarried — with some insinuating he is gay. AdvertisementAdvertisement"It's like a different form of discrimination or bias," the 2024 GOP presidential candidate told The Washington Post . Scott's campaign began with $22 million before his announcement and received substantial backing from Larry Ellison, the cofounder of Oracle Corporation. AdvertisementAdvertisementA spokesperson for Scott's campaign did not immediately respond to a request for comment from Insider.

☆ A marine general collapsed after complaining of unsustainable work, as Tommy Tuberville blocks new military appointments
▼ + stars: | 2023-11-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A top marine general collapsed on Sunday after complaining of unsustainable work. Senator Tommy Tuberville has blocked votes on other appointments over the Pentagon's abortion policy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This comes after Tommy Tuberville began his monthslong blockade on military appointments, per The Washington Post . Tuberville's hold on nominations is affecting key military positions in the US command responsible for the Middle East, Politico reported .

Persons: Eric Smith, Tommy Tuberville, —, Smith, Noah Gray, Gray, Roe, Wade, Tuberville Organizations: Service, The New York Times, US Marine Corps, Times, USMC, DC, Senate, Washington, CNN, Staff, Marine Corps Times, Politico, Hamas Locations: Washington ,, Alabama, Israel

☆ A woman is suing SharkNinja for claiming that its frying pan is made at temperatures hotter than the sun
▼ + stars: | 2023-10-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

SharkNinja says its frying pans have a stronger nonstick coating because they're made at 30,000°F. SharkNinja claims that its nonstick pans are manufactured under a maximum temperature of 30,000°F, which is almost three times hotter than the surface of the sun. The company says the super hot temperature ensures that the nonstick coating on its pans is more resistant than competitor pans made at lower temperatures. Brown purchased two 12-inch, nonstick frying pans made by SharkNinja in 2021, according to the lawsuit. As Brown's case unfolds, Mon said he's waiting to see whether SharkNinja will present evidence on additional foods they've tested.

Persons: SharkNinja, they're, —, Patricia Brown, SharkNinja's, Brown, Gonzalo E, Kelley Drye, Warren, Mon Organizations: Service, New, Court, NASA, Washington Post, National Advertising Locations: New Jersey, Danish

☆ Israel invading Gaza could escalate the war into a larger regional conflict, experts say
▼ + stars: | 2023-10-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Israel's invasion of Gaza could turn the war into a regional conflict, experts said. AdvertisementAdvertisementIsrael's invasion of Gaza could escalate the war into a full-blown regional conflict, military analysts said. AdvertisementAdvertisementOn Sunday, Israel declared a state of war and a day later announced a "complete siege" of Gaza . Buckner pointed to signs of escalations across Israel's borders that could tilt a possible Israeli-Hamas war into a regional conflict. Israel's incursion into Gaza could create a "domino effect" that triggers all its neighbors in the region to join the conflict, Buckner said.

Persons: Dale Buckner, —, Israel, Israel's retaliations, Buckner, Hussein Ibish, Amichai Magen, Stanford University's Freeman, Magen, Gerald R Organizations: US, Service, Army, Global Guardian, Hamas, US Army, Gulf States Institute, Washington, Stanford, Stanford University's Freeman Spogli Institute for International Studies, ABC7, Israel, Ford Carrier Strike Group Locations: Gaza, Lebanon, Syria, Egypt, Yemen, Iraq, Israel, Iran, Israel's, Iranian, Lebanese, Golan, Washington

☆ White House may try to link Ukraine and Israel aid in order to 'jam the far right,' report says
▼ + stars: | 2023-10-10 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

The White House may link Ukraine and Israel aid requests to secure GOP support, a report says. House Republicans have voted against Ukraine aid bills, as support for the war has dropped. AdvertisementAdvertisementIn July, 70 House Republicans supported an amendment to the country's annual defense bill that would have cut off all US military aid to Ukraine. Biden's administration is now hoping to capitalize on the Republican Party's near-unanimous support for Israel to pass Ukraine aid through Congress. AdvertisementAdvertisementBut John Kirby, coordinator for strategic communications at the National Security Council in the White House, declined to say if the two packages would be linked, per the newspaper.

Persons: —, Biden, John Kirby Organizations: GOP, Republicans, Washington Post, Service, Republican, Russia, House Republicans, Trump MAGA, White House, Israel, National Security Council Locations: Ukraine, Israel

☆ Video shows what's left of desert music festival in Israel, where at least 260 were found dead after Hamas attack
▼ + stars: | 2023-10-09 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A video shows the aftermath of the Hamas attack on a music festival in southern Israel. At least 260 bodies were found on the site after Hamas' attack, per the Israeli rescue service Zaka. AdvertisementAdvertisementDrone footage captured the trail of destruction left by Hamas' deadly invasion of the site of a music festival venue, which killed at least 260 people. The widely-shared video, dated October 8, shows the Nova Music Festival site abandoned, with dozens of scorched, burned cars and skid marks. At least 260 bodies were later found at the Tribe of Nova Music Festival, according to the Israeli rescue service Zaka .

Persons: —, Samuel Oakford, Kibbutz Reim —, RXKgEL4fiT, 817EpG9G3X — Samuel Oakford, Millet Ben Haim, Haim, Gili Yoskovich, Shani Nicole Louk, Akbar, Benjamin Netanyahu Organizations: Service, Nova, Washington Post, New York Times, Hamas, Washington, BBC, Nova Music, Foreign Ministry, Health Ministry, Israeli Locations: Israel, Kibbutz Reim, Gaza, Germany

☆ Gaetz ousted McCarthy. Now other Republicans want to come after him.
▼ + stars: | 2023-10-04 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Rep. Don Bacon told reporters that he would "love" to remove Gaetz from the House GOP caucus. Many House GOP members were not happy about it, some going so far as to come after Gaetz's place in the party caucus. In an op-ed to the Post, former GOP Representative and Speaker Newt Gingrich also called on House Republicans to remove Gaetz. As for what Gaetz feels about it all, he told the Post that Republicans should let him know "when they have the votes" to expel him. This isn't the first time moderate House GOP members have found Gaetz and his Freedom Caucus a pain to the party.

Persons: Matt Gaetz, Gaetz, Kevin McCarthy, Don Bacon, —, Matt Gaetz's, McCarthy, Bacon, Newt Gingrich, Gingrich, Garret Graves, Tim Burchett Organizations: GOP, Service, Democrats, Republican, Washington Post, Republican Party, CNN, Post, House Republicans, Republicans, Caucus

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