Editor's note: The 1440 team will be off the rest of the week, spending time with friends and family. Have a great holiday and be safe—we'll see you again Monday!
Tapping the Reserve
The Biden administration said yesterday it would release up to 50 million barrels of oil from the country's emergency reserves in an effort to battle high gas prices amid a holiday travel rush expected to be near prepandemic levels. The decision comes as inflation sits at a three-decade high, with gas prices in particular having jumped by more than 50% since the same time last year.
The supplies are expected to be released beginning in mid to late December. The impact at the pump is unclear—the US consumed about 8 million barrels of oil for use as motor gasoline each day in 2020. The decision was coordinated with countries including the UK, China, and India, who will also tap reserves.
Jury deliberations began yesterday in the trial of three Georgia men for the killing of Ahmaud Arbery last February. A verdict could come as early as this week.
Arbery, a 25-year-old Black man, was killed last February while out running, according to his family (see timeline). The suspects, who were armed, say they believed he was involved in a series of home robberies in the area and chased him in vehicles to confront him, ultimately ending in Arbery's death after a struggle. Two of the three defendants claim they acted in self-defense while attempting to perform a citizen's arrest. See a breakdown of how the law, since repealed, worked in Georgia.
A bus crashed and caught fire Tuesday near the capital town of Sofia in western Bulgaria, killing 45 people, including 12 children. Seven survivors are being treated with burn injuries after escaping through bus windows. The bus crashed around 2 am local time as it was returning to North Macedonia from a weekend trip to Istanbul, Turkey. The cause of the disaster was not immediately clear; however, experts’ initial assessment is that either human error or technical malfunction caused the bus to hit a guardrail. One survivor said the passengers were sleeping when a loud explosion was heard.
The accident occurred on a stretch of highway known for its dangerous conditions. Bulgaria has the second-highest road fatality rate in the European Union, reporting 90 road fatalities per million people in 2019 (the EU average was 51 per million). In 2018, 16 people were killed in a bus crash just north of Sofia.
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In partnership with Pawp
Hey there, it's Appa, the self-proclaimed 1440 team dog. Do you know how many items at your Thanksgiving table would be dangerous for pups like me to eat? Onion- and garlic-filled stuffing? Salads with grapes? Turkey bones? Chocolatey desserts?
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In fact, the average Pawp member saves $400/year on dogs or $300/year on cats in expensive vet bills. For just $19/month, your household can protect up to six dogs and/or cats regardless of their age, breed, location, or preexisting conditions. Let loose if you want to this Thanksgiving (but don't give your pets any garlic or turkey bones!) knowing that Pawp has you covered.
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Business & Markets
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Politics & World Affairs
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Historybook: Charles Darwin’s “On the Origins of Species” published (1859); Lee Harvey Oswald is shot and killed just two days after assassinating President Kennedy (1963); RIP Queen lead singer Freddie Mercury (1991); RIP “Brady Bunch” actress Florence Henderson (2016).
"Be present in all things and thankful for all."
- Maya Angelou
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