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Biden says his inauguration will be a ‘more imaginative’ virtual event, in contrast to Trump’s emphasis on large crowds

Summary List PlacementPresident-elect Joe Biden on Friday said he expects his inauguration to be mostly virtual, although he'll still plan to take the oath of office on the steps of the US Capitol.  Although Biden said plans for the January 20 ceremony aren't complete, he expects it to be a "more imaginative" event than previous inaugurations. He said it may be similar to the 2020 Democratic National Convention, an all-online event that broadcast lawmakers and citizens from around the country due to the COVID-19 pandemic. "It is highly unlikely that there will be a million people on the mall, going all the way down to the [Lincoln] Memorial," Biden said on Friday. "My guess is that there will not be a gigantic inaugural parade down Pennsylvania Avenue, but my guess is you'll see a lot ...

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Israeli soccer team whose notorious fans chant ‘death to the Arabs’ set to be bought by sheikh from Abu Dhabi for $100m

Summary List PlacementSheikh Hamad bin Khalifa al Nahyan, an Emirati royal, is set to buy a major stake in the Israeli soccer team Beitar Jerusalem. The team is infamous in Israel for having fans who have consistently targeted Muslim players and chanted anti-Arab abuse. It is being reported that al Nahyan will purchase about a 50% stake in the club at a price of $100 million, according to Middle East Eye. The club's owner, Moshe Hogeg, traveled with Beit Jerusalem's senior executives on Thursday to try and close the deal. Naum Koen, an Israeli businessman based in the United Arab Emirates, is responsible for brokering it. The club's delegation to Dubai, lead by club owner Moshe Hogeg had its first meeting today with Sheikh Hamad Bin Khalifa Al Nahyan, chairman of NY Koen Group ...

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‘Beyond every historic extreme’: A notorious market bear reiterates his call that the ‘overextended’ S&P 500 will suffer a 70% crash — and says stocks are facing 12 years of negative returns as they get trounced by Treasurys

Summary List PlacementBefore a market sell-off, John Hussman's right leg starts tapping unconsciously. At the moment, he says, it's tapping. "I thought it might have been the pumpkin pie, but on further analysis, it's because current market conditions are so familiar," Hussman said in his December market commentary.  To Hussman, there's a clear and simple sequence of events occurring that will eventually drive the market into a downward spiral — a spiral to the tune of a 65-70% drop from current levels. There's the Federal Reserve's creation of a zero-interest-rate environment, and the corresponding narrative that investors are forced to find returns in riskier assets like equities — or in the 2000s, products like mortgage-backed securities. Then there's the direct effect this has on eq...

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THE ONLINE GROCERY REPORT: The coronavirus pandemic is thrusting online grocery into the spotlight in the US — here are the players that will emerge at the top of the market

Summary List Placement This is a preview of the Business Insider Intelligence Online Grocery premium research report. Purchase this report here. Business Insider Intelligence offers even more e-commerce and payments coverage with our Payments & Commerce Briefing. Subscribe today to receive industry-changing retail news and analysis to your inbox. The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. The combination of consumers' interest in avoiding public places, government orders to stay at home, and the continued need for groceries and essential goods has made online grocery delivery services from the likes of Walmart, Amazon, Target, and Instacart indispensable. Previously, some consumers resisted the shopping method because

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Apple is offering free fixes for some iPhone 11s with faulty touch screens

Summary List PlacementApple is offering a free fix on a batch of iPhone 11 models that have a habit of developing faulty, unresponsive touch screens. The company announced its new free repair program on Friday, which applies to a batch of the phones which were manufactured between November 2019 and May 2020. Apple said the phones' screens have a tendency of ceasing to respond to touch. It added that the problem only affects a "small percentage" of the devices produced during that period.  The free repair also doesn't apply to iPhone 11 Pro models. To check if they're eligible for the free fix, iPhone owners have to input their device's serial number into the repair program page. Apple also said if an iPhone owner finds their phone was eligible, but they already paid to have it fixed, t...

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A 20-year-old campaign staffer for Sen. Kelly Loeffler died in a crash before Pence held a campaign event in Georgia

Summary List PlacementA 20-year-old campaign staffer for Georgia Sen. Kelly Loeffler died in a car crash on Friday ahead of a campaign event held by Vice President Mike Pence. The young man was identified as Harrison Deal. Hewas killed in a three-vehicle crash on Interstate 16 in Pooler on Friday morning. It is not clear whether he was performing campaign duties at the time of the accident. Deal, who was due to graduate from the University of Georgia in 2022, was also a former intern for GOP Sen. David Perdue and a close family friend of Georgia Gov. Brian Kemp. In a tweet on Friday, Kemp posted a picture of Deal with his family alongside a statement that described the 20-year-old as "the Kemp son and brother we never had." Loeffler also mourned the death of her young staffer, taking to...

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AOC attacked Trump and Republicans on Twitter over rising college costs, arguing that many lawmakers didn’t understand students’ financial struggles

Summary List PlacementRep. Alexandria Ocasio-Cortez late Friday shot back at President Donald Trump and Republican lawmakers, accusing them of being so out of touch with young American workers that they remember when Hershey bars were "5¢ at the general store." The congresswoman's posts were the latest in a back-and-forth with conservatives about how difficult it's become for young Americans to pay for college while minimum wages remain stagnant. The price of higher education has exploded in the last two decades, while wages haven't kept pace, she said. College costs have exploded over the last 10-20 years & wages have not kept up.It’s a totally different landscape and the fact they’re using anecdotal experience from 20+ years ago to reinforce their opinions instead of look...

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Google bet on urban mobility startup WhereIsMyTransport in a $7.5 million funding round after seeing this pitch deck

Summary List PlacementWhereIsMyTransport, the London-based urban mobility startup, has just announced plans to map 30 of the world's largest cities by 2023.  The startup collects local transport data in developing nations where public transport varies from unreliable to non-existent. Many people in these areas depend on private taxi services or friends and relatives to get around — WhereIsMyTransport works with both local authorities and enterprises to standardize and map local transport routes, making them more accessible.  Most recently, WhereIsMyTransport mapped, and now maintains datasets for, public transport networks in Mexico City, Dhaka, and the province of Gauteng in South Africa. These metro areas have a combined population of more than 55 million. The company will collect pu...

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Before-and-after photos show how the coronavirus pandemic emptied out Europe’s famous Christmas markets

Summary List PlacementChristmas markets are being canceled this year amid concerns about the ongoing coronavirus pandemic. The markets are a cherished tradition in Europe, and usually attract millions of visitors every year. But in 2020 the large squares where people would usually gather to drink mulled wine and eat festive Christmas treats, are looking eerily empty. Scroll down to see before-and-after photos of Europe's Christmas markets. SEE ALSO: Before-and-after photos show how fear of the coronavirus has emptied out Europe's biggest tourist attractions BEFORE: The city of Nürnberg in Germany has one of the country's best known Christmas markets, drawing millions of locals and tourists every year. Some 85 million people visit Germany's Christmas markets every year, according to De...

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Facebook cracks down on coronavirus misinformation. False claims that the vaccine contains microchips are banned.

Summary List PlacementFacebook has banned false claims about COVID-19 vaccines in its latest attempt to stop the rapid spread of misinformation on the platform. Under the new rules, any claims about the safety, efficacy, ingredients, or side effects of the vaccines which have been debunked will be removed, as will any conspiracy theories. Kang-Xing Jin, Head of Health at Facebook, said in a blog statement on Thursday: "For example, we will remove false claims that COVID-19 vaccines contain microchips, or anything else that isn't on the official vaccine ingredient list. "This is another way that we are applying our policy to remove misinformation about the virus that could lead to imminent physical harm." One of the most widespread but debunked conspiracy theories is that the pandemic h...

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Inside the many homes of Walt Disney, from his parents’ cottage, which cost $800 to build, to his lavish ‘Technicolor Dream House’ in Palm Springs

Summary List PlacementWalt Disney was born in the Hermosa neighborhood of Chicago, Illinois, 119 years ago, on December 5, 1901. In his 20s, he moved to California, where he went on to own multiple properties throughout his life. One of those properties sold earlier this year for $1.1 million. He called the vacation home in Palm Springs, California, his "Technicolor Dream House," and he decorated it with bright-colored walls and furniture. Take a look at some of the former homes of the late cartoonist and creator.  FOLLOW US: Business Insider is on Facebook Walt Disney lived from 1901 to 1966. He was born in Chicago, but he spent most of his life in California. Disney was diagnosed with lung cancer in 1966 and died just months later. Following his death, his brother Roy finished his pla...

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Biden officially has enough electoral college votes to win the presidency after California became the latest state to certify its election results

Summary List PlacementPresident-elect Joe Biden officially received enough electoral votes to become the next president after California became the latest state to certify its election results, The Associated Press reported. California Secretary of State Alex Padilla certified the state's presidential election on Friday, appointing its 55 electors for Biden and putting him over the 270 electoral college votes needed to win the presidency. Insider and Decision Desk HQ called the race for Biden on November 6, days after the election, but the certification of the results and distribution of electoral votes is an essential step in officially determining the next president. Election results have now been certified in many US states, including some crucial swing states won by Biden where Pre...

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Long Beach State can’t match LMU’s sizzling shooting in season opener

LOS ANGELES — Long Beach State finally played its season opener on Friday night, but Joe Quintana and Loyola Marymount used a strong shooting night to hand LBSU an 85-61 nonconference loss at Gersten Pavilion. Quintana made six 3-pointers on his way to a career-high 20 points as LMU led by as many as 20 points in the first half and controlled the game throughout. The Lions were 15 for 38 from beyond the arc (39.5 percent), outscoring the visitors 45-12 from long distance. Nine of LMU’s 15 second-half baskets were 3-pointers. LMU outrebounded Long Beach 44-31 and had 23 assists on 30 field goals, compared to just seven assists for the visitors, who shot 19 for 59 (32.2 percent) from the floor. LMU turned its rebounding dominance into a 20-2 advantage on second-chance points. “Defensively, w

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Southern California ICU capacity hits 13.1%, triggering stay-at-home order on Sunday

Southern California will be soon be under a stay-at-home order, after state officials announced the region’s intensive care unit bed capacity fell below 15% late Friday, Dec. 4. Gov. Gavin Newsom in an announcement Thursday said the state would enact such orders by region when available ICU bed availability fell to 15% or lower. On Friday evening, the California Department of Public Health announced that intensive care bed capacity in Southern California was 13.1%, down from 20.6% the day prior. The new state order goes into effect at 12:59 p.m. Saturday and gives local health officials 24 hours to implement the regional stay-at-home restrictions, meaning Southern California will have until Sunday afternoon to enact them. The Southern California region includes Los Angeles, Orange, San Ber

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