Dunkin' Announces They No Longer Have Heart To Charge People For Such Depressing Meals
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
F&G Annuities & Life Announces Strategic Partnership With New Reinsurer Backed by Blackstone Managed Funds
DES MOINES, Iowa, Aug. 6, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G) today announced that F&G has launched a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments. The reinsurer will provide long-term, on demand growth capital to F&G through a forward flow reinsurance agreement on a quota share basis of certain fixed indexed annuity products, effective August 1, 2025. This structure enables F&G to efficiently manage its liabilities, reinsure a portion of its fixed indexed annuity sales and enhance its capital-light model, which remains core to its strategy. The partnership also reflects the strength of F&G's strategic relationship with Blackstone and underscores our shared commitment to delivering innovative, value-enhancing solutions. "We are very excited for this opportunity that recognizes Blackstone as a trusted partner and enables us to fund a portion of our growth with participation from private, long-term capital providers," said Chris Blunt, Chief Executive Officer. "This transaction positions us to further capitalize on growth opportunities that we see in the market and positions us to provide life and annuity solutions to more distribution partners, helping them meet their customer needs. The partnership will also move F&G toward a more fee-based, higher margin and less capital intensive business and is expected to be quite positive in our efforts to expand our return on equity over time." Jefferies served as F&G's financial advisor and Sidley Austin LLP served as F&G's legal counsel in connection with the transaction. About F&G F&G Annuities and Life, Inc. is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties, many of which are beyond our control. Some of the forward-looking statements can be identified by the use of terms such as "believes", "expects", "may", "will", "could", "seeks", "intends", "plans", "estimates", "anticipates" or other comparable terms. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: general economic conditions and other factors, including prevailing interest and unemployment rate levels and stock and credit market performance; natural disasters, public health crises, international tensions and conflicts, geopolitical events, terrorist acts, labor strikes, political crisis, accidents and other events; concentration in certain states for distribution of our products; the impact of interest rate fluctuations; equity market volatility or disruption; the impact of credit risk of our counterparties; changes in our assumptions and estimates regarding amortization of our deferred acquisition costs, deferred sales inducements and value of business acquired balances; regulatory changes or actions, including those relating to regulation of financial services affecting (among other things) underwriting of insurance products and regulation of the sale, underwriting and pricing of products and minimum capitalization and statutory reserve requirements for insurance companies, or the ability of our insurance subsidiaries to make cash distributions to us; and other factors discussed in "Risk Factors" and other sections of F&G's Form 10-K and other filings with the Securities and Exchange Commission (SEC). Contact:Lisa Foxworthy-ParkerSVP of Investor & External View original content to download multimedia: SOURCE F&G Annuities & Life, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
7 hours ago
- New York Post
This visa program imports foreign students for summer jobs — crowding out US teens
Every summer, tens of thousands of international college students come to the United States under the State Department's J-1 Summer Work Travel visa. In theory, this is a cultural exchange arrangement fostering mutual understanding between Americans and foreigners. In practice, it's a backdoor work program that quietly supplies businesses with short-term seasonal labor — while undermining what was once a cherished American tradition: the summer job. Advertisement Last year, close to 140,000 students from over 200 countries came to the US on J-1 visas to fill lifeguard chairs, take tickets at water parks, serve burgers at fast-food counters and mind children at summer camps — young, temporary employees who show up on time and disappear by fall. The program is invisible to most of us. In fact, I'd never heard of it until I went on a Hinge date last week with one of its beneficiaries, a petite, curly-haired Colombian. Dropping her back at her apartment, I stumbled upon a room with three unframed twin mattresses laid out on the floor. That's when she explained she lived with her coworkers from the nearby pool park. Advertisement She's a full-time lifeguard, working six days a week. Her roommates are young women from Jamaica and El Salvador. In the next room, the same layout for four men. The apartment next door? More of the same. Dozens of young workers, packed in like sardines, all here under the J-1 program. It hit me that this isn't an issue of economics. Something more than jobs is being lost here — something quintessentially American. Advertisement For generations of US teens, the summer job was more than a paycheck. It was a proving ground. It meant scooping ice cream, sweating in the sun, learning to show up on time, dealing with difficult customers. It wasn't work for survival; it was work for shaping character. There's something distinct about the American summer job, something it's not possible to grasp unless you've spent time abroad. From Peru to Cambodia, the idea of teens from all economic classes working during their school break is unheard of. Here, it has long been a rite of passage. Advertisement Yet by importing workers to take these roles, we risk nudging America closer to the societies from which they arrive — societies where social mobility is illusory; where middle-class teenagers lack an appreciation for physical labor, and view jobs like working a concession stand as beneath them. We say we want our kids outside and off their screens; we bemoan their lack of work ethic. So how is it that our government uses the fig leaf of 'cultural exchange' to flood the summer employment market with tens of thousands of temporary workers from abroad? Culture doesn't exist apart from structure. And here we have a very clear structural problem with an equally clear cultural consequence. In the late 1970s, nearly 60% of US teens aged 16 to 19 held summer jobs, according to the Bureau of Labor Statistics. But the numbers steadily dropped after that, down to about 30% by 2010, and hasn't rebounded much since. Now consider that in 2008, the J-1 summer program reached its peak with more than 150,000 participants — coincidentally or not, one of the worst years for American teen summer employment on record. Adding to the problem, the pressure on the teen summer-job market is localized and intense. I can assure you, no neighborhood kids are working alongside my date. Combine the J-1 program with other foreign-labor pipelines, and the decline of the summer job starts to look less like a natural shift and more like a managed outcome. Advertisement The cold language of market efficiency makes us overlook conversations like this one. But I wonder if those who speak that language have ever walked through a townhouse packed with bunk beds, where seven strangers from four countries share rent to save a company a few thousand dollars. I did — by accident. And it made me wonder what kind of country we've become. A nation must look after its own. It must build pathways for its youth — not sweep them aside for short-term gain. Advertisement There's something deeply wrong when our summer economy can no longer teach our teens to work, while we outsource their character-forming jobs to kids from Bogotá and Kingston. As we debate the grand consequences of mass migration, let's not miss the quieter erosion of things that matter. The American summer job is as American as apple pie — and worth defending. Juan P. Villasmil is a research fellow at the Center for a Secure Free Society.
The Hill
8 hours ago
- The Hill
Trump says he will impose 100 percent tariff on semiconductors
President Trump said Wednesday his administration was planning to impose a 100 percent tariff on all semiconductor imports. 'We're going to be putting a very large tariff on chips and semiconductors,' Trump said alongside Apple CEO Tim Cook. 'But the good news, for companies like Apple, is if you're building in the United States or have committed to build in the United States, there will be no charge,' Trump added. Trump has already imposed tariffs on automobiles, copper, steel and aluminum. He has also threatened a sizable tariff on pharmaceutical imports. Experts have warned that tariffs on imports will make it more difficult for Americans to acquire those products, as it will take time to re-shore supply chains. The Trump administration earlier this year launched an investigation into the effects on national security of importing semiconductor technology, essentially laying the groundwork for potential tariffs. Semiconductors power numerous products, including cars, smartphones, computers and more. Congress in 2022 passed the CHIPS and Science Act to incentivize companies to manufacture semiconductor chips in the United States. Trump has been critical of the law, and he has argued tariffs can be a tool to force companies to move their facilities to the United States.
