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Time Is Money

Nov 8, 2023 • 4 min read

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Israel vs Hamas Update
U.S. Consumer Debt
Lucid Dream Device

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Israel vs Hamas Update:

Over 10,000 lives have been lost in Gaza, including a staggering 4,104 children, leading the United Nations to describe the region as a "children's graveyard." The death toll follows continued Israeli strikes, despite growing international calls for a ceasefire between Israel and Hamas. The two parties remain at an impasse, with Israel demanding the release of hostages taken by Hamas in an early October attack, and Hamas refusing to cease fire or release hostages while under attack.
United Nations Secretary-General António Guterres condemned the violence, highlighting the civilian casualties, including those in U.N. shelters, and noting that Hamas has been accused of using civilians as human shields. Meanwhile, Israel has lost 31 soldiers since it escalated ground operations in late October.
Amidst the devastation, the health infrastructure in Gaza is overwhelmed, with shortages of food, water, and medical supplies. Efforts by the U.S. have focused on temporary pauses in conflict to facilitate aid, rather than a full ceasefire. President Biden has engaged with Israeli Prime Minister Benjamin Netanyahu to discuss such pauses and the hostage situation.
Amidst ongoing military operations, the Israeli forces claim to be closing in on Hamas positions, while the death toll rises and the international community intensifies its calls for an urgent ceasefire. While these events have been reported extensively, it's important to recognize that in the chaos and complexity of conflict, absolute certainty is often elusive.

U.S. Consumer Debt:

The New York Federal Reserve has revealed a surge in American credit card use, with debt reaching an all-time high by September's end. From July through September, credit card debt soared to $1.08 trillion, a rise of $48 billion or 4.6% from the second quarter.
This is the highest point since the Fed started tracking in 2003 and the eighth yearly increase in a row. The New York Fed's economist, Donghoon Lee, attributed this to robust consumer spending and economic growth. Moreover, more people are falling behind on their credit card, student, and car loan payments.
By September, around 3% of all outstanding debt was late, which is a slight increase from 2.7% in the prior quarter, yet still below the pre-pandemic average delinquency rate of 4.7%. Credit card payment delays have been climbing since the pandemic's low points. The share of debt moving into late payment reached 1.28% in the third quarter, up from 0.94% a year earlier, with the 30 to 39 age group seeing the sharpest rise.

Lucid Dream Device:

A company called Prophetic is developing a headband named Halo that could let people control their dreams. The headband is supposed to work by telling wearers when they are in REM sleep, which is the stage where dreaming usually happens. They plan to release Halo by 2025 and are using new technologies like ultrasound to make it work.
Prophetic's founders, Eric Wollberg and Wesley Louis Berry III, are working with the Donders Institute to research how lucid dreams happen and how they can be induced using a method called transcranial focused ultrasound (TUS). This method could change the way the brain works without needing surgery, and it might help people have lucid dreams at home.
Even though the idea is exciting, scientists still have a lot to learn about how TUS affects dreaming. Prophetic is being careful to consider safety and privacy while they develop this technology. If successful, the Halo could change our understanding of dreams and help people use their dreams to improve their lives.

Statistic:

Number of Billionaires:
🇺🇸 United States: 735
🇨🇳 China: 495
🇮🇳 India: 169
🇩🇪 Germany: 126
🇷🇺 Russia: 105
🇭🇰 Hong Kong: 66
🇮🇹 Italy: 64
🇨🇦 Canada: 63
🇹🇼 Taiwan: 52
🇬🇧 United Kingdom: 52
🇧🇷 Brazil: 51
🇦🇺 Australia: 47
🇫🇷 France: 43
🇨🇭 Switzerland: 41
🇯🇵 Japan: 40

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