According to those acquainted with the situation, Elon Musk briefly had an affair with Sergey Brin’s wife in the fall of last year, which led to the Google co-founder filing for divorce early this year and ruining their friendship.
Their falling out is only one of several personal problems Mr. Musk has had to deal with while juggling corporate difficulties including production delays at Tesla Inc. TSLA 0.20 percent and a legal battle over his wish to renounce his $44 billion bid for Twitter Inc.
According to the Bloomberg Billionaires Index, Mr. Brin is ranked eighth globally with $95 billion, while Mr. Musk is ranked first with an estimated fortune of $240 billion. Among the most well-known businessmen in the country, Mr. Brin and Mr. Musk were longstanding friends. According to Mr. Musk, he used to frequently crash at Mr. Brin’s home in Silicon Valley for years.
While Tesla was trying to raise production during the 2008 financial crisis, Mr. Brin gave Mr. Musk around $500,000 for the company. Mr. Musk gifted one of Tesla’s first all-electric sport utility cars to Mr. Brin in 2015.
According to the persons familiar with the situation, there has been an increase in friction between the two men and their teams in recent months. Some of those sources claimed that Mr. Brin had instructed his financial advisors to sell his individual holdings in Mr. Musk’s enterprises. It was impossible to determine the size of those investments or whether any transactions had taken place.
According to documents submitted to Santa Clara County Superior Court, Mr. Brin filed for divorce from Nicole Shanahan in January of this year, citing “irreconcilable disagreements.” According to those persons, Mr. Brin filed for divorce many weeks after learning about the brief relationship.
According to a close friend of Ms. Shanahan, Mr. Brin and his wife were divorced but still cohabitating at the time of the alleged relationship in early December. Mr. Brin listed December 15, 2021 as the date of the couple’s separation in the divorce petition.
Mr. Brin’s attorney declined to comment. A statement from Mr. Musk was not forthcoming. Requests for response from Ms. Shanahan’s spokesman, who oversees a foundation devoted to reproductive rights, went unanswered as well.
Ms. Shanahan discussed the divorce filing in an early this month interview with the news outlet Puck, saying: “I wish for Sergey and I to move on with dignity, honesty, and peace for the sake of our child. And that’s something we’re both aiming for.
The last two months have seen a lot of media coverage of Mr. Musk’s personal life. One of his ten children has publicly disavowed him, and he has been accused of exposing himself to a flight attendant at his aerospace company, SpaceX, which he has denied. Business Insider also reported that he had two children late last year with a female executive at another company he co-founded, Neuralink.
Earlier this month, Mr. Musk attempted to back out of a deal to purchase Twitter, claiming the business hadn’t given him the information he needed to gauge the prevalence of spam or phoney accounts. Twitter claimed to have “come up trumps” to offer the details. It filed a lawsuit against Mr. Musk to compel him to uphold the agreement, and a Delaware court authorised an accelerated trial for October.
According to a source acquainted with their relationship, Mr. Brin and Ms. Shanahan, his wife of nearly four years, met at the yoga retreat Wanderlust around seven years ago. Both Mr. Brin and Ms. Shanahan had previously been married, Ms. Shanahan to a finance executive and Ms. Brin to Anne Wojcicki, co-founder of the genomics startup 23andMe Inc. Two kids were born to Mr. Brin and Ms. Wojcicki.
According to sources close with their relationship, Mr. Brin and Ms. Shanahan already had marital issues in the fall of 2021, mostly because to Covid pandemic shutdowns and the upbringing of their 3-year-old daughter.
According to those persons, Mr. Musk and the liaison met during Miami’s Art Basel event in early December 2021. Every year, the multiday Art Basel festival attracts affluent visitors from all around the world.
According to persons with knowledge of the event, at a party earlier this year, Mr. Musk got down on one knee in front of Mr. Brin and apologised profusely for the offence before pleading for forgiveness. According to those sources, Mr. Brin apologised but hasn’t been in frequent contact with Mr. Musk.
The alleged liaison took place after Mr. Musk’s on-again, off-again relationship with singer Grimes ended in September. In December 2021, Mr. Musk and Grimes, whose real name is Claire Boucher, had a daughter via surrogate. Also born last fall were Mr. Musk’s twins with Shivon Zilis, an executive at Neuralink.
According to those familiar with the proceedings, Ms. Shanahan is reportedly demanding more than $1 billion from Mr. Brin in their current divorce mediation. The two sides have not yet reached an agreement, according to the people, with Mr. Brin’s side asserting that Ms. Shanahan is demanding far more than what her prenuptial agreement authorises her to.
According to the sources, Ms. Shanahan’s side claims that her demand represents a tiny portion of Mr. Brin’s $95 billion fortune and that she was forced to sign the prenuptial contract while she was still pregnant.
Together with Larry Page, Mr. Brin co-founded Google, now a division of Alphabet Inc., GOOG -5.81 percent, in 1998, and contributed to its development into one of the most valuable businesses in the world. In 2019, he and Mr. Page left their positions as Alphabet’s executives, but they both still serve on the board. According to many who know him, he has been actively interested in fitness activities ever since, even trying to study a variety of Olympic sports at one point.
He is connected to an airship firm called LTA Research and Exploration and heads a $4.4 billion family foundation that has given to causes including Parkinson’s research and education. A physics textbook is now being written by him.
Recession – U.S. had a Negative Growth on 2nd quarter
With the release of the second-quarter GDP figure, the economy was considered to be in a recession. But it will be months, if not more, before we can say for sure if it is recognized as such.
This is due to the fact that the Business Cycle Dating Committee of the National Bureau of Economic Research, which serves as the official judge in such cases, does not adhere to the widely accepted criteria of at least two consecutive quarters of negative growth.
The NBER defines a recession as “a major fall in economic activity that is spread across the economy and lasts more than a few months,” rather than any short-term decline in economic activity.
That can indicate declining quarterly trends. In reality, the NBER has officially proclaimed a recession each and every time since 1948 that the GDP has declined for at least two consecutive quarters. According to the Bureau of Economic Analysis, second-quarter GDP fell by 0.9 percent and first-quarter GDP fell by 1.6 percent.
However, the bureau doesn’t even consider GDP to be a significant influence in its decisions, and therefore proclaimed a recession in 2001 despite no ongoing reductions.
Prepare yourselves for another surprise, as almost no prominent Wall Street economists anticipate that the NBER will report that the U.S. economy experienced a recession in the first half of 2022.
According to Mark Zandi, chief economist of Moody’s Analytics, “we weren’t in a recession for the first half of the year, but probabilities are rising we will be by the end of the year.”
Like his colleagues on Wall Street, Zandi said that the NBER won’t proclaim a recession because of the active labour market, which despite adding 457,000 jobs a month this year, is still not at pre-Covid levels. But others exist.
“We overproduced jobs. We experienced record-low layoffs and record-high open positions. Both consumer and company investment were up, he claimed. I simply can not see them announcing a recession.
On Wednesday, Jerome Powell, the chairman of the Federal Reserve, said he didn’t believe the economy was actually in a recession and even questioned the veracity of the GDP figures.
According to Powell, the situation “doesn’t appear like” a recession at the moment. The GDP numbers should be seriously questioned since the labour market is simply sending such a strong signal of economic strength.
The NBER standards on Recession
Even though the NBER is scarcely well-known, government and corporate news organisations rely on its pronouncements when judging expansions and contractions.
Some factors are usually believed to be used by the organization:
- Real personal income minus transfer payments
- nonfarm payrolls
- the household survey conducted by the Bureau of Labor Statistics
- real personal consumption spending
- sales that have been adjusted for price changes
- industrial production
In a client note earlier this week, Wells Fargo senior economist Tim Quinlan stated, “If this definition feels involved, it’s because it is. It’s difficult to define a recession since it involves more than just how long a slump lasts and also how severe and pervasive it is across the economy.
Quinlan stated that the situation is rapidly reaching even the NBER’s criteria following Thursday’s GDP announcement.
The clear worsening in economic activity shown in today’s 0.9 percent drop in Q2 real GDP makes it much more difficult to insist on a precise definition of recession, he said. “However, real consumer spending kept advancing, and the labour market is remained strong. Although it is too soon to declare this growth over, the time is drawing near.
Political implications over Recession
Recession is now a contentious political issue.
When the White House published a blog post earlier this month arguing that the economy is not in a recession, it caused some controversy. Critics claimed that by mentioning the NBER factor, the media was complying with the administration’s attempt to modify a long-standing definition.
According to the article, the genuine definition of recession takes into account “holistic data” including “the labour market, consumer and business spending, industrial production, and earnings.”
According to these figures, it is doubtful that the first-quarter GDP fall this year—even if it is followed by a second-quarter GDP decline—indicates a recession, the post stated.
“Policymakers will undoubtedly become entangled in their attempts to justify why the American economy is not in a recession. They do, however, make a compelling point, according to Principal Global Investors’ chief global strategist Seema Shah. “A recession is officially defined as two consecutive quarters of negative growth, although other timely economic statistics do not support recession.”
The economy is still in serious trouble even if the NBER does not proclaim a recession in the first half. Significant hazards lie ahead due to rising interest rates, sustained inflation, and historically pessimistic consumer and business sentiment.
Many of the same experts who questioned a recession during the first half of the year believe one is very likely to occur over the next year or so.
“People’s attitudes are quite depressing. The Moody’s economist Zandi declared, “It’s about as dark as I’ve ever seen it. “In terms of the simple expectation of this impending poor economy, I’ve never seen anything like it. Of the end, a recession is a decline in faith. Businesses lose faith in their ability to sell their products, consumers lose faith that they will have work in the future. Because the risks are so great, we lose faith and enter a recession.
Lotto- lotto 3 number
In Tuesday’s Mega Millions lottery drawing, no one in America correctly predicted all six numbers, but a ticket holder in San Bernardino County got remarkably close.
Tuesday night, the California Lotto revealed that a ticket purchased at Country Store in Baker had five out of the six winning numbers match.
According to lottery officials, the owner of the winning ticket received $2.9 million.
The winner has not yet been announced, and unless they come forward to accept their award, lottery officials will not be able to identify them.
Tuesday’s numbers were: 07-29-60-63-66, Mega Ball: 15.
Despite this person’s best efforts, no one was able to match all six numbers, therefore the Mega Millions will continue with its next drawing on Friday night.
The current lottery reward is a staggering $1.02 billion, yes, billion.
You can make a prize claim online if you bought a winning ticket in a California Lottery drawing.
Lotto 3 number FAQ
How much does an American Lotto ticket cost?
Each Lotto America® game costs $1. Pick one number from 1 to 10 for the Lotto America Star Ball® after choosing five numbers for the red balls from 1 and 52.
Can I buy lottery tickets for the USA online?
Yes! You may purchase legitimate Mega Millions lottery tickets from anywhere in the world when you play Mega Millions online with theLotter. After you make your purchase, a store in the US purchases official lottery tickets on your behalf.
I want to purchase a US lottery ticket.
Simply download the Jackpocket app, deposit money, choose a game, and choose your numbers. Players must be physically present in the same state whether they purchase lottery tickets from the state directly or through a courier service. Sales of lotteries across states are forbidden under federal law.
Can I play the US lottery?
To play the game, you don’t need to be a resident or a citizen. When playing Powerball, players from all over the world have the chance to win massive rewards and the greatest Powerball lottery jackpots! Similarly, even if you are not a US citizen, you are permitted to play Mega Millions.
Which American lottery is the best?
The top two lotteries on the charts are Powerball and Mega Millions, both of which have $20 million starting jackpots. These start jackpots are also the largest in the globe. In terms of state lotteries, California Superlotto takes first place with a top reward starting at $7 million, followed by Lotto Texas at $5 million.
Is California Lotto available online?
Is it possible to order lottery tickets online or via mail? No. Only California Lottery stores are authorised to sell tickets.
Is Super Lotto a California-only game?
The oldest of the three lottery games, Super Lotto Plus is only available in California.
Which lottery has the simplest odds?
The France Lotto (also known as Lotto), which offers a one in six chance of winning a prize, is the easiest lottery to win a prize in.
Which is simpler to win, Powerball or the Lotto?
You have a one in 42,375,200 chance of winning the PowerBall, and you have a one in 20,358,520 chance of winning the lottery. It is harder to win the first reward because your odds of winning the PowerBall are substantially lower.
Is playing the lottery worthwhile?
Based on the historical performance of equities, investing $260 yearly would result in earnings of $11,015 after 20 years. But after 20 years, you would be losing $5,200 if you simply spent the money on lottery tickets and presumably did not win anything. Of course, nothing in the stock market is ever certain.
When will I receive my lottery winnings?
In order to gather money from ticket sales in order to pay out the prize, there is a 15-day waiting period after the draw date when you win the Powerball or Mega Millions jackpot.
What identification is required to claim a lottery prize?
Recent three-month bank or building society statement (debit or credit card) sent to your current address. Household bills (gas, electric, telephone, water, satellite, and cable) with recent, three-month dates and issued to your present residence.
Why do most lottery winners lose their winnings?
Due to their tax responsibilities, lottery winners frequently lose money and accrue debt. While some jurisdictions may not tax lottery winnings, the majority of nations will tax the prize money similarly to other forms of income. This could result in paying income taxes that are as high as 40–45%.
So how’s the lottery funded?
Around 50 to 60 percent of lottery proceeds are distributed to the winners. Both the jackpots and the minor awards fall under this category. Along with bonuses for selling tickets that win the jackpot, retailers also get commissions for selling tickets in general. An additional 5% of lottery revenue comes from these commissions.
How quickly is the National Lottery paid out?
The money may not appear in your bank account for 3 to 5 business days.
Is Powerball available online?
You can, indeed! Pick five major numbers from 1 to 69 and one Powerball number from 1 to 26 to play Powerball online. You have a choice of manually selecting your Powerball numbers, using the Quick Pick option, or using your previously saved fortunate numbers when you play online using certified lottery tickets.
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