Tanzanian Girls Have New Way of Entering Womanhood
In Tanzania, female circumcision, also known as female genital mutilation, is still practiced among some ethnic groups as a rite of passage into womanhood. Many girls are forced or coerced into it by their family to avoid being shunned, and end up scarred for life. To bridge the gap between health and tradition, health care nonprofit Amref has been promoting an alternative rite of passage for girls.
Twitter Users Can’t Believe What Space Force Members Will Be Called
The U.S. Space Force celebrated its first anniversary by announcing what its members will be called ― and Twitter users were spaced out.
The newest branch of the military announced Friday in a series of tweets that Space Force members will henceforth be known as “guardians.” Vice President Mike Pence officially announced the new name, according to The Associated Press.
The agency explained there was a long history associated the name “guardians.”
Still, Twitter users thought the name was pretty loony, mainly because they associated the word “guardians” with a different galaxy.
Others had a different type of guardian in mind, like the bodyguards in the dystopian world of novelist Margaret Atwood (a place Pence himself might recognize).
Some people had questions. Lots of questions.
Others were OK with calling the Space Force members “guardians,” with certain caveats.
A couple of people held out hope for the next administration.
But one person was happy to imagine all the possibilities of a Space Force future.
PGIM’s CEO Steers $1.4 Trillion Away From SPACs, Sensing Bubble
David Hunt, who oversees $1.4 trillion as chief executive officer of PGIM Inc., said he’s dubious of the craze for special purpose acquisition companies and doesn’t think they’ll be embraced by sophisticated investors.
“We have these very unclear sources of capital that are given very broad mandates to move wherever they want,” he said in an interview on Bloomberg Television. “Personally, I begin to see that as a little bit of a sign of a bubble rather than as an ingenious new invention.”
PGIM, one of the world’s largest asset managers, doesn’t invest in SPACs directly and is being “very careful” about taking on indirect exposure, Hunt said. Meantime, it’s clear many investors can’t get enough. Blank-check companies have raised some $70 billion in 2021 and strategists at Goldman Sachs Group Inc.expect a “high level of SPAC activity to continue into 2021.”
Hunt said he’s “constructive” on risk assets in general because “it’s never been more punitive to hold cash” and thinks markets are at least 18 months away from a major correction. He cautioned that his view assumes a Covid-19 vaccine will be broadly available and the global economy keeps recovering.
Cramer's lightning round: MasTec's a winner
- It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
Wells Fargo: "I believe in [CEO] Charlie Scharf … Let's hope they're allowed to do their buyback."
MasTec: "Mastec's a winner. I like infrastructure plays, and that's certainly one of them. We've got a lot of infrastructure problems."
Caterpillar: "There's very few industrials, so this one can go to $200. Management's been buying back stock. … I actually like Deere more than Caterpillar."
Velodyne Lidar: "Unfortunately, there's so many in that same space. I like that one."
Tupperware Brands: "I have decided that this thing is just too hard to own. If I had bought it at the lower level, I would be thinking" to sell.
Freeport-McMoran: "I would hold on to that, even though it's already doubled."
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Trump Gets Burned For Praising UPS, FedEx After Undermining USPS During Election
Donald Trump’s tweeted praise of two private sector delivery companies didn’t get the reaction he might have expected.
On Friday, the president praised employees at FedEx and UPS for driving through storms to deliver millions of doses of Pfizer’s COVID-19 vaccine.
But some Twitter users didn’t appreciate the president’s message.
Instead, they used the president’s tweet as an opportunity to lambaste him for attempting to slow down the United States Postal Service to help his reelection chances amid a massive push for mail-in ballots due to the coronavirus pandemic.
Some people chose to needle the president by praising President-elect Joe Biden instead.
Others questioned Trump’s priorities, and wondered why he hasn’t commented on the recent cyberattack of various U.S. government agencies.