The San Francisco Chinese New Year Festival and Parade added the description "Lunar New Year" to its title in 1986 to be more inclusive. This change was followed by other cities and celebrations throughout the U.S. The Lunar New Year, also known as the Spring Festival or Chinese New Year, is celebrated in many Asian countries and is determined by the Chinese zodiac signs. The Year of the Dragon is particularly significant, symbolizing strength and magnanimity. The upcoming Year of the Dragon in 2024 is anticipated to bring a potential baby boom in China.
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The release of the 345-page Hur report was a politically sensitive move for Attorney General Merrick Garland, who would have faced backlash if he had kept it confidential. The report described President Biden as embarrassingly forgetful, a judgment that was deemed critical in determining whether to prosecute him for mishandling classified documents. Garland's decision to release the full report without providing his own analysis, as done by former Attorney General Bill Barr with the Mueller report, was seen as a calculated move.
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The S&P 500 reached a new milestone, closing above 5,000 for the first time in history. This comes as the index recorded its 14th week of gains out of 15, a feat that hasn't been seen since 1972. The 22.1% rise over the past 15 weeks is the largest since August 2020. The record close is seen as a positive sign for the economy and American 401(k)s, with investors expressing confidence in the Federal Reserve's ability to manage inflation and potential interest rate cuts.
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Gemini, Google's AI chatbot, known as Bard, has been renamed and offers a preview of AI's future capabilities. However, it may struggle with certain tasks and requires users to be heavily reliant on Google services. While AI has the potential to take over tasks like gathering information from multiple sources and sending emails, Gemini is not yet fully capable of performing these actions seamlessly. Nevertheless, it provides an insight into what AI could accomplish in the future.
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Chip Kelly's decision to step down as head coach at UCLA and take on a demotion as offensive coordinator at Ohio State has left the Bruins in a difficult position. Despite not achieving the success he was expected to bring to the program, Kelly's departure raises questions about the state of UCLA football. The move to Ohio State offers Kelly a new opportunity, but it highlights the challenges the Bruins will face in the Big Ten conference.
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SpaceX's Falcon 9 rocket launched a batch of 22 Starlink satellites into low-Earth orbit from Vandenberg Space Force Base. The mission was a success, with the booster landing successfully and the payload placed into the correct orbit. Starlink, SpaceX's internet communication satellite constellation, aims to provide fast and reliable internet service to areas where ground-based internet is not accessible. This launch brings the total number of Starlink satellites launched to 5,828.
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Supply of stimulant medications commonly prescribed for ADHD, such as Vyvanse and Adderall, is still falling short of demand in the U.S., leading to a nationwide shortage that has persisted for over a year. Federal limits on production imposed by the Drug Enforcement Administration have been blamed for exacerbating the shortage, as generic drugmakers struggle to meet the quotas. The COVID-19 pandemic and increased prescribing have contributed to the growing demand for ADHD medications. Patients and doctors are frustrated as the shortages persist, impacting the ability to access critical medications.
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Taylor Swift had a near-fall incident during her concert in Tokyo, but she brushed it off with humor. She joked that her "life flashed before my eyes" before performing her song "Betty." Swift stumbled while walking down the stairs of a set piece during the Folklore portion of her show. Despite the trip, she reassured the crowd that she was okay. This incident comes as Swift's Eras Tour is estimated to inject $228 million into the Japanese economy.
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