"Our greatest glory is not in never falling, but in rising every time we fall" -
Confucius
Nuance - A subtle difference in or shade of meaning, expression, or sound.
Samsung’s heir apparent is sentenced. Lee Jae-yong has been detained for a year over charges of embezzlement and bribery of political officials (including South Korea’s former president, Park Geun-hye). The appeals court could uphold a lower court’s sentence of five years, reduce it, suspend it, or overrule the conviction.
The mood in US markets.Janet Yellen’s farewell, rising wages, and the Federal Reserve’s inflation expectations have left markets skittish. The Dow tumbled 2.5% on Friday, its worst day since Brexit. Keep one eye on Wells Fargo; late Friday, the Fed announced sanctions that the company said could reduce its profit by up to $400 million this year.
Rex Tillerson visits Latin America.The US secretary of state will kick off his tour in Colombia, where the crisis in Venezuela and drug trafficking are expected to be high on the discussion agenda. He’ll also visit Mexico, Peru, Argentina, and then head to Jamaica.
Uber and Waymo head to court. A San Francisco jury will decide whether Uber stole trade secrets when it hired Anthony Levandowski, a top engineer from Google-owned Waymo who allegedly treated himself to a parting gift of 14,000 internal files. Waymo wants at least $1 billion in damages, but will have to prove trade secrets were stolen and used by Uber for “unjust enrichment.”
The Philadelphia Eagles won the Super Bowl. The Philly team beat the favored New England Patriots 41-33 in Minneapolis to win the title for the first time. Justin Timberlake’s half-time show, in part a tribute to Prince, was widely panned.
Greeks protested over Macedonia’s name. Some 140,000 people attended a rally in Athens to prevent the country from calling itself Macedonia as Greece claims the country as part of its territory. Greece calls the country Skopje, after the Macdeonian capital, or FYROM, short for the Former Yugoslav Republic of Macedonia.
A Russian plane was shot down in Syria. The Sukhoi-25 ground-attack aircraft was shot down Saturday in a rebel-held part of Idlib. On social media, the jihadist Hayat Tahrir al-Sham alliance claimed responsibility. Monitoring groups say the region had seen dozens of Russian air strikes in the previous 24 hours.
Peace Out, See You Tomorrow
