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Credit Card Interest, Iran Protests, & Tourism Tax
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Good Morning! Today’s edition is 909 words, a 4-minute read.
What’s on tap:
Grateful Dead co-founder passes
Monkeys on the loose in St. Louis
Spin the birthday lottery
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Big Stories
10% Credit Card Cap
President Donald Trump is reviving a campaign pledge to cap credit card interest rates at 10% for one year, a move he says would protect consumers from rates that often exceed 20%.
Trump did not specify whether the cap would be imposed through executive action or legislation. However, a republican senator said he plans to introduce a bill with the president’s support, and bipartisan lawmakers have already brought legislation to install similar caps. Trump said he hopes the cap could take effect by Jan. 20.
The banking industry opposes the proposal, warning it could lead to reduced credit card rewards and tighter credit access for some borrowers. Researchers estimate a 10% cap could save Americans roughly $100 billion a year in interest.
Iran Unrest Rages On
Iran’s nationwide protests have turned deadly, with at least 538 people killed and more than 10,600 detained over two weeks, according to human rights activists. The unrest began over Iran’s collapsing economy and rapidly escalated into direct challenges to the country’s ruling theocracy.
As protests continued in Tehran, Mashhad, and other cities, Iran’s leadership issued warnings abroad. Senior officials said US forces and Israel would be “legitimate targets” if Washington intervenes to protect demonstrators. President Trump publicly voiced support for protesters, while US officials said options under review include cyber measures and potential military action, though no decisions have been announced.
Iranian authorities have portrayed demonstrators as violent rioters, reported deaths among security forces, and said they will not tolerate further unrest. Still, activists and opposition figures urge continued protests.
Grateful Dead Legend Passes
Bob Weir, the guitarist, singer, and founding member of the Grateful Dead who helped define the sound of the 1960s San Francisco counterculture, has died at 78. His family said Weir passed peacefully after previously beating cancer, later succumbing to lung-related complications.
Weir joined the band in 1965 at just 17, becoming the Dead’s youngest member and a central creative force alongside Jerry Garcia. He wrote or co-wrote classics including “Sugar Magnolia,” “One More Saturday Night,” and “Mexicali Blues,” and spent 30 years on near-constant tour with the group until Garcia died in 1995.
Afterward, Weir became the band’s most visible torchbearer, continuing to perform through projects like Dead & Company and helping sustain the Deadhead community.
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Quick Stories
US News
Homeland Security issued a new policy requiring Congress to give seven days' notice before visiting immigration detention facilities, bypassing a court order that blocked the previous restriction. (More)
Several vervet monkeys are running loose in a St. Louis park, and officials have no idea where they came from since owning the primates is illegal there. (More)
Police arrested Monique Tepe's ex-husband for allegedly shooting her and her husband, Ohio dentist Spencer Tepe, who were found dead in their Columbus home last month. (More)
World
The US hit over 35 ISIS targets in Syria on Saturday in retaliation strikes Trump ordered after the group killed two American soldiers and a civilian interpreter. (More)
Thousands of tourists were stranded in northern Finland after flights were canceled when temperatures hit minus 37 Celsius, making it too cold to de-ice planes or operate the airport safely. (More)
Venezuela's opposition leader María Corina Machado offered to give her Nobel Peace Prize to Trump after US forces captured Venezuelan President Nicolás Maduro, but Nobel organizers said awards can't be transferred. (More)
Business & Economy
US stock markets closed higher on Friday (S&P +0.65%, Nasdaq +0.81%, Dow +048%). The S&P scored a new high on Friday, and all three indexes notched weekly gains. (More)
Budget airline Allegiant is buying rival Sun Country for $1.5 billion as low-cost carriers struggle with rising costs. (More)
Walmart has partnered with Google to enable shoppers to use its Gemini AI assistant to find and purchase products, following a similar deal made with ChatGPT in October. (More)
Sports & Entertainment
The Chicago Bears erased an 18-point deficit to stun Green Bay 31-27 in the playoffs, completing the franchise's greatest postseason comeback behind rookie quarterback Caleb Williams' two fourth-quarter touchdown drives. (More)
Mikaylah Williams hit a late three-pointer and scored 20 points as No. 12 LSU stunned previously unbeaten No. 2 Texas 70-65, the Tigers' first top-two win since 2008. (More)
Josh Allen threw for 273 yards and ran for the go-ahead touchdown with under two minutes left as Buffalo beat Jacksonville 27-24, snapping a 32-year road playoff drought. (More)
Science, Health, & Tech
Men's job satisfaction rises or falls based on whether their partners value money similarly, while women show no such pattern, University of Cincinnati researchers found. (More)
Kids who specialize in one sport year-round face higher injury risks like bone deformities and burnout, so doctors recommend children play multiple sports until age 14 or 15. (More)
Walmart is adding drone delivery from Alphabet's Wing to 150 more stores by 2027 after customers in Dallas and Atlanta started ordering groceries by air three times a week. (More)
Extra Credit
Girl Scouts debut rocky road-inspired cookie.
See where your generic prescription drug was made.
Hawaii increases tourism tax to fight climate change.
Take a spin on the birth lottery.
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