It's a slow news day, so today's Morning Sixpack will be a quick read!
4 dead, more than 20 hospitalized after suspected smuggling vessel overturns off San Diego
Four people are dead and nearly two dozen people were sent to hospitals after a suspected smuggling vessel overturned off the coast of San Diego on Sunday morning.
San Diego Fire-Rescue Department spokesperson Monica Munoz told CNN they received reports of a vessel that overturned near the Cabrillo National Monument in Point Loma around 10:27 a.m. (1:27 p.m. ET).CNN
It's suspected that this was a human smuggling operation. The captain of the ship is being questioned.
Russia, facing lags, turns to China to produce Sputnik shots
TAIPEI, Taiwan (AP) — Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot.
Russia has announced three deals totaling 260 million doses with Chinese vaccine companies in recent weeks. It’s a decision that could mean quicker access to a shot for countries in Latin America, the Middle East, and Africa that have ordered Russia’s vaccine, as the U.S. and the European Union focus mainly on domestic vaccination needs.
Earlier criticism about Russia’s vaccine have been largely quieted by data published in the British medical journal The Lancet that said large-scale testing showed it to be safe, with an efficacy rate of 91%.
Yet, experts have questioned whether Russia can fulfill its pledge to countries across the world. While pledging hundreds of millions of doses, it has only delivered a fraction.AP
You know how they say, “The rich keep getting richer.”
It's not a lie.
“FAAMG,” the acronym given Big Tech's five largest companies (Facebook, Apple, Amazon, Microsoft, and Google) now makes up over a quarter of the value of the S&P 500.
That's right: 5 companies make up 25 percent of the S&P market cap. The other 495 make 75 percent.
Value by market capitalization:
- FB, Facebook ($923.6B)
- AAPL, Apple ($2.2T)
- AMZN, Amazon ($1.7T)
- MSFT, Microsoft ($1.9T)
- GOOGL, Alphabet ($1.6T)
Source: The Hustle (poor widdle Facebook, hasn't made the TRILLION dollar club yet)
If you thought the haves vs. have-nots was all about people, guess again.
I suppose one could say, “Corporations are people, too.”
Ted Cruz is being…well…Ted Cruz!
Walter Shaub's castigation came after the Republican said his party will no longer give special treatment to deep-pocket corporate donors if they get too “woke.”
Sen. Ted Cruz’s (R-Texas) threat to “woke” CEOs was slammed Sunday as likely the “most openly corrupt” message ever from the Senate, declared Walter Shaub, former head of the Government Office of Ethics.
“This time,” he wrote, “we won’t look the other way on Coca-Cola’s $12 billion in back taxes owed. This time, when Major League Baseball lobbies to preserve its multibillion-dollar antitrust exception, we’ll say no thank you. This time, when Boeing asks for billions in corporate welfare, we’ll simply let the Export-Import Bank expire.”
Shaub, who served under both Barack Obama and Donald Trump, called Cruz’s threat a blatant admission that Republicans are selling corporate donors “access to the government.” In a clear swipe at Cruz’s clueless self-exposure, Shaub noted that most lawmakers have too much “sense” to say it quite so brazenly.
“It’s the part everyone knows: these crooks sell access,” Shaub tweeted. “Others have the sense not to admit it. This is why our republic is broken: Immoral politicians selling power we’ve entrusted to them like it’s theirs to sell.”HuffPo
Ether is off the rails!
Bitcoin's little brother, Etherium, has gained over 1400 percent in the last 365 days, bypassing $3,000 per shiny little fake coin. Compare that to Bitcoin, which has only gained 557 percent over the past year.
Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone.
The rise of Ether suggests there’s room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko.
Bitcoin remains the biggest cryptocurrency but the momentum in other tokens is drawing increasing interest. Proponents argue investors are getting more comfortable with a variety of tokens, while critics contend the sector may be in the grip of a stimulus-fueled mania.Yahoo
Boy, it's a good thing I invested my stimulus money in toilet paper and chicken!
Kentucky Derby winner was a hell of a bargain!
I have to say it: Watching the Kentucky Derby disturbs me.
The pomp, the exploitation, the two-minute sprint…it's a rich man's sport full of spoiled brats who grew up to be even bigger dicks.
And yes, I watch the goddamned thing every year.
Saturday's winner, Medina Spirit, was bought by Bob Baffert, owner of (now) seven Derby winners. He bought the horse for $1,000.
He'll stud it out for millions. Horse trading may be better than Ether!