Crash test dummies are modeled after men despite women facing increased injury risk in car accidents
Although women face the threat of more injury risks in vehicle wrecks, the crash test dummies used in U.S. safety tests are designed almost entirely around the body of a man (AP video: Mike Householder)
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Yahoo
25 minutes ago
- Yahoo
Exclusive-UAW investment blunder cost the union an estimated $80 million, documents show
By Kalea Hall and Nora Eckert DETROIT (Reuters) -The United Auto Workers' leadership is mired in turmoil over allegations of an investment blunder that officials say cost the union about $80 million in potential gains from its financial portfolio, according to seven UAW officials and employees and union documents reviewed by Reuters. The investment funds were liquidated to pay striking workers in 2023 but weren't reinvested in accordance with the union's investment policy for more than a year, according to the documents and the UAW officials and staffers who spoke on condition of anonymity. The details of the investment dispute at the union, including the estimate of foregone gains, have not previously been reported. The loss is an estimate of what the union would have earned had the money been invested in the stock market and other assets in accordance with the union's policy during that time. The UAW represents nearly 400,000 members, including 150,000 workers at the Detroit Three automakers: General Motors, Ford, and Jeep-maker Stellantis. UAW investment policy calls for keeping about 30% of its money in stocks, 53% fixed income and 17% alternative investments, according to three union sources and the documents. The board voted to liquidate about $340 million in stock investments in August 2023 to pay strike costs, according to a union document reviewed by Reuters. The wording of the vote stipulated that the money be reinvested according to union policy after the strike ended and the labor contracts were ratified, though it didn't specify how quickly. But almost none of its portfolio was invested in stocks during the year after the strike began in September 2023, according to the records reviewed by Reuters. The news agency was unable to establish why the stock investment wasn't made. The issue of why the union did not reinvest the funds for more than a year is now being investigated by the federal monitor which was appointed as part of a 2020 settlement between the UAW and the U.S. Department of Justice to resolve a union corruption scandal, according to a statement from a majority of UAW board members. UAW President Shawn Fain and Secretary-Treasurer Margaret Mock did not respond to requests for comment on the failure to invest union dues. Mock's attorney, Michael Nicholson, declined to comment on why the union's money wasn't promptly reinvested in stocks or Mock's role, but told Reuters that responsibility for UAW's investments is shared by the union president, secretary-treasurer and its three vice presidents, citing a 1996 UAW resolution. 'We welcome the monitor's review regarding investments, because we believe that any accusations against Margaret Mock are unfounded,' he added. The financial setback is the latest challenge for the UAW. The union had been resurgent after the late-2023 strike, the union's first against all three major Detroit automakers at the same time, which culminated in record contract gains from GM, Ford and Stellantis. The union also successfully organized a Volkswagen factory in Tennessee in April 2024 after decades of failed union drives in the southern United States. Since then, though, the UAW's organizing momentum has stalled, including a failed unionization vote at an Alabama Mercedes-Benz plant in May 2024. LOST GAINS The tensions over union investments emerged late last year as some board members started questioning why the union's return on its portfolio seemed paltry relative to broader stock-market gains, according to union documents and five people familiar with the matter. In August 2023, the UAW board voted to sell all of the equities in its strike fund, leaving the remainder invested in a mix of cash, bonds and alternative investments, according to the documents and people familiar with the matter. The following month, UAW workers walked out of the carmakers' factories for about six weeks and were paid $500 a week from the union's strike fund. Any money remaining after the contracts with the car companies were ratified in November was to be reinvested per the union's investment policy. But rather than reinvesting in stocks, the funds were placed in a mix of cash, fixed-income and alternative assets through September 2024 when the portfolio contained 5% in equities, the documents show. In late 2024, Fain asked in one meeting why the union was getting lower returns on its portfolio than he could in a cash bank account, according to four people present at the gathering. In February 2025, union staff conducted an analysis that showed the union might have earned $80 million more if its portfolio had been invested according to union policy, according to a document viewed by Reuters. The document did not detail their methodology, but union sources said it was based on a comparison of the union portfolio's actual results to what the returns would have been under its policy, which includes a 30% allocation in a fund that tracks the Russell 3000 index, the UAW's preferred equity investment, according to people familiar with the matter. That fund grew 33% from late November 2023, after the contracts were ratified, through January 2025, shortly after UAW officials raised their concerns. The union worked with the financial firm Segal Marco Advisors to manage its strike trust of about $1 billion, the people and documents said. Reuters couldn't establish how the firm advised the union to manage the liquidated funds. The firm didn't respond to requests for comment. TROUBLED HISTORY Apart from the dispute over the UAW's investment decisions, broader tensions between Fain and Mock burst into public view Tuesday with the release of a report by the union's federal monitor that found Fain improperly stripped Mock of some of her duties in February 2024 because she wouldn't authorize expenditures related to strike preparation and organizing drives. The UAW declined to comment on either the report or the investment concerns, citing a federal monitor's rule prohibiting UAW public comments on active probes. The report did not address the failure to reinvest the funds after the strike. After its release, 11 of the UAW's 14 board members – including Fain – issued a statement saying Mock had failed to produce a budget or list of union members. The statement added: 'She is under investigation by the monitor for a significant compliance failure regarding our union's investments.' The federal monitor's office has told UAW board members that it now is investigating the post-strike failure to reinvest union funds, according to four of the people and union documents. The federal monitor declined to comment on whether it was investigating the union's investment management and Reuters could not independently confirm it. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Wall Street Journal
an hour ago
- Wall Street Journal
Stocks to Watch Monday: Exxon, Tesla, Northern Trust
↗️ Exxon (XOM), Chevron (CVX), BP (BP), Occidental Petroleum (OXY): Energy stocks gained modestly in premarket trading after the U.S. attacked Iranian nuclear facilities over the weekend. Investors are watching for signs Iran could block oil shipments through the Strait of Hormuz. ↘️ IAG (UK:IAG), Air France-KLM (FR:AF), Singapore Airlines (SG: C6L): Global airline stocks edged lower. Carriers including Air France cancelled some flights to the Middle East after the attack. U.S. airline stocks were little changed ahead of the open. ↗️ Tesla (TSLA): The electric-vehicle maker launched its long-awaited robotaxi service over the weekend. Shares rose 1.5% premarket.
Forbes
an hour ago
- Forbes
Amazon Prime Ends Its NASCAR Experiment With Plenty To Brag About
CONCORD, NORTH CAROLINA - MAY 25: A detail view of a "NASCAR Prime" helmet on the on the Amazon ... More Prime Video set prior to the NASCAR Cup Series Coca-Cola 600 at Charlotte Motor Speedway on May 25, 2025 in Concord, North Carolina. (Photo by Jared C. Tilton/Getty Images) Not long ago, if you'd told someone from the older generation that one day NASCAR races would be watched on the internet—without a single cable or satellite dish in sight—they'd have laughed, then asked what channel the internet was on. We're talking about a generation that grew up fiddling with rabbit ears on top of a black-and-white television just to catch a fuzzy glimpse of the Daytona 500—and still expects the morning newspaper to land with a satisfying thump on the driveway at sunrise. And yet, here we are. The Coca-Cola 600 at Charlotte Motor Speedway marked the start of something new: the first time a full NASCAR Cup Series race was streamed exclusively. No traditional broadcast. No cable. Just you, your internet connection, and a new era. Some skeptics braced for buffering, crashes, or missing the green flag while the app updated. But what actually happened was something else entirely: it worked. It turned out to be one of the most innovative, polished, and downright thrilling broadcasts NASCAR fans have seen in years. This wasn't a cautious toe-dip into the digital future. This was a cannonball off the high board—and in the end, Amazon and NASCAR stuck the landing. BROOKLYN, MICHIGAN - JUNE 08: (L-R) The NASCAR on Prime Video broadcast team Danielle Trotta, Carl ... More Edwards, Dale Earnhardt Jr. and Corey LaJoie talk on set prior to the NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway on June 08, 2025 in Brooklyn, Michigan. (Photo by) From the on-screen Burn Bar that showed fuel consumption in real time to pre-race packages that felt like NFL Films had invaded the infield, Amazon Prime's production team didn't just bring NASCAR into the streaming era—they took it to school. The camera work was sharp. The graphics were clean without being intrusive. The audio mix made it feel like you were in the pits with a headset on. And the pre- and post-race segments? Let's just say, if you're one of the traditional networks, you should be looking over your shoulder. A new bar has been set. So what gave Amazon—and NASCAR—the confidence to believe streaming would finally land with this audience? "To me, it's less about streaming than people might think," said Alex Strand, Senior Coordinating Producer at Prime Video, who was at the center of it all. "In the end, our goal is fan first. Whether that's Thursday Night Football, National Women's Soccer League, or NASCAR, we're really fan first.' Strand and his team didn't recycle an old playbook. They came at this with a blank slate—though not without lessons learned from Prime's Thursday Night Football broadcasts. Finding their identity was key. 'One big thing has been our postgame show. For TNF, Nightcap gave us a platform to go deep and be the first voice people hear," Strand said. "For NASCAR… you could really talk for three hours. You've got 36 teams and 36 storylines. It's one of the unique challenges—but the approach still fits." That approach resulted in pre- and post-race coverage that felt less like a broadcast and more like an immersive experience. Fans got emotion, analysis, and context without being rushed off the air. Part of that came from the chemistry between Corey LaJoie and Carl Edwards—the fan-favorite driver who returned to the sport and slipped into his new role with the same ease, and talent, he once showed climbing into a race car. Add in visual tools like the now-famous Burn Bar—which showed live fuel consumption data in a simple, intuitive graphic—and suddenly you're not just watching a race, you're understanding it in real time. LEBANON, TENNESSEE - JUNE 01: A general view of the NASCAR on Prime Video broadcast set after the ... More NASCAR Cup Series Cracker Barrel 400 at Nashville Superspeedway on June 01, 2025 in Lebanon, Tennessee. (Photo by) "We have the general belief at Amazon that fans can tolerate more data," Strand said. "Take things that are really advanced and present them in really simple ways. It's the same with our 'defensive alerts' in football—a little red circle might mean something different to a casual fan than it does to a strategist, but it works either way." The Burn Bar was developed in-house, using the same real-time NASCAR telemetry available to other networks. But the model powering it? Proprietary Amazon tech, with a little help from Amazon Web Services. So what was the mood the night before this high-speed baptism—Amazon's first green flag at Charlotte, no cable safety net, millions watching, and just enough time to wonder if they'd accidentally left the lens cap on while hoping the Burn Bar wouldn't spontaneously combust? "Excitement," Strand said. "Everybody in the crew was pumped…We'd been talking about this for 18 months. We knew the responsibility, and there was a lot of thought that went into how we got on air for the first time. But in Charlotte? The prevailing feeling was excitement." That excitement was contagious. Viewers and even industry insiders praised the coverage. And while traditional Nielsen ratings aren't the currency of streaming, Amazon saw exactly what NASCAR hoped for: a younger demographic tuning in. "Our belief is that by creating a great show, telling the story of a race or an NFL game... if we do that right, fans will come," Strand said. "We saw it in the UK with the Premier League. We've seen it with the NFL. Have fun while you're doing it, and the viewership will come. 'Certainly, a younger demographic is an exciting thing—but it's not our only goal. Our goal is to serve the entire fan base." The numbers, while not record-breaking, were right where Prime expected them to be for a first-year foray into a new platform—solid enough to build on, especially with younger audiences. "It's been really cool and encouraging to see these numbers come in in year one," Strand said. "It's something we're really happy about." DAYTONA BEACH - FEBRUARY 18: A cameraman holding a CBS camera at the Daytona 500 racing event, on ... More February 18, 1979, at Daytona Beach, FL. (Photo by CBS via Getty Images) And for those fans who still miss the newspaper and swear their DVR is smarter than they are, Prime made the transition surprisingly seamless. Free trial offers, user-friendly interfaces, and a commitment to continuous improvement have made streaming feel less like a chore and more like an upgrade. "Our goal is always to make sports streaming as accessible as possible," Strand said. "At Amazon, we have a saying: it's always Day One. That means we keep looking for ways to do it better." As the five-race run concluded at Pocono, the energy didn't wane. "You spend a whole season on a tour, it becomes work. But with this five-race stretch? It's been pure joy," Strand said. "Everyone shows up smiling. Carl Edwards and Corey LaJoie are genuinely excited to be watching races together.' Amazon isn't talking specifics about its future NASCAR involvement beyond the current deal just yet, but Strand confirmed that the debrief and development process will begin immediately. "Every week we've made changes and improved," he said. "That process begins right away for whatever comes next. We'll continue to watch the rest of the season just like we always have, and keep thinking about how we can make our coverage as good as it can be." So now what? The grand streaming experiment is over—for this season. NASCAR heads into the heat of summer and the heart of the championship push. Amazon hands off the baton, but it's clear that fans—and other broadcasters—have taken notice. Strand knows exactly what he wants fans to do: "Keep coming. We want people to be consuming the Cup Series year-round… If we've gained any new viewers, we hope they stick around. The more people around, the better it is for the sport.' And if that means Grandpa learns how to use a Fire Stick? Even better.
