12.30.2024

 

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Good morning. It's Monday, Dec. 30, and we're covering South Korea's deadliest air crash, the passing of a former US president, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.

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Editor's note: The 1440 team will be spending time with family and friends over the New Year's holiday—this will be our last news-focused email until Thursday, Jan. 2. Keep an eye out for our end-of-year recap tomorrow, and have a great holiday!

Need To Know
 

South Korea Air Crash

At least 179 people were killed yesterday morning when a commercial airliner crashed on landing at South Korea's Muan airport. Two people—both crew members working for operator Jeju Air—survived what is believed to be the worst air disaster in the country's history. 

 

Early reports suggest the aircraft, a Boeing 737-800 en route from Bangkok, may have been struck by a bird, though it was unclear whether it was the engine or elsewhere, such as the cockpit window. The control tower received a mayday call from the pilots, and five minutes later the plane reached the runway—but failed to deploy its landing gear, sliding into an embankment before exploding (watch here, warning—sensitive content). Officials said it could take weeks to analyze the flight recorder.

 

The incident comes amid political turmoil in the country (see overview), initiated by a botched attempt by now-suspended President Yoon Suk Yeol to impose martial law earlier this month. 

 

Jimmy Carter Dies

Former President Jimmy Carter passed away yesterday at his home in the town of Plains, Georgia, according to a statement from family members. Carter was the only US president to live to 100 years old. 

 

A former US Naval officer turned peanut farmer, the Georgia native and Democrat entered politics in 1963 as a state senator, rising to become governor in 1971 while championing civil rights. In 1976 he was elected president, beating Republican incumbent Gerald Ford by a 50.1-48.0% margin. Carter's single term in office was marked by an economic slowdown, the Iran hostage crisis, and the aftereffects of the Vietnam War. He ultimately lost the 1980 election to Republican Ronald Reagan in an electoral landslide, 489-49. 

 

A winner of the 2002 Nobel Peace Prize, Carter was known for his philanthropic efforts, including his participation in Habitat for Humanity, which he continued into his 90s, among other causes. 

 

See photos from Carter's life here

 

OpenAI Restructures

Artificial intelligence giant OpenAI revealed long-anticipated plans to restructure the organization Friday, announcing it will transition to a public benefit corporation with an associated nonprofit arm. The company said the move will allow it to raise the capital needed to finance its massive computing needs while balancing the interests of shareholders and the public (see overview). 

 

Now valued at $157B, the maker of ChatGPT originally began as fully nonprofit in 2015. In 2019, the organization moved to a hybrid model, with the relatively smaller nonprofit arm controlling a for-profit operation—a structure that played a role in a failed attempt to oust CEO Sam Altman in 2023. 

 

In response to the new plans, an AI safety nonprofit joined an existing lawsuit brought by Elon Musk—an early investor in OpenAI and CEO of competitor xAI—attempting to block OpenAI's transition to a for-profit entity. The suit alleges the move violates OpenAI's founding charter, among other claims. 

 

Take a deep dive into OpenAI's history, Musk's relationship with the group, and much more here.

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Ready to change the way your body ages in 2025? 1440 readers can try a Mitopure® sample today for 60% off (that's $4, aka less than your daily latte).

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In The Know
 

Sports, Entertainment, & Culture

> NFL football, presidential debates, Academy Awards, and Paris Olympics top list of 100 most-watched US telecasts of 2024; see full list (More

> Olivia Hussey, actress best known for leading role in "Romeo and Juliet" film, dies at 73 (More) | Dayle Haddon, supermodel and actress, dies at 76 of suspected carbon monoxide poisoning (More)

> Miami's Cam Ward breaks all-time NCAA Division 1 record for most career TD passes with 156 (More) | See latest college football bowl game schedule (More)

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Science & Technology

> Jeff Bezos-owned Blue Origin receives license for a test launch of its New Glenn heavy-lift launch vehicle, successfully fires up rocket on launch pad (More

> Health officials report a surge in norovirus outbreaks across the US, with the number per week roughly tripling between mid-November and early December (More

> James Webb Space Telescope detects most distant spiral galaxy to date, formed roughly one billion years after the Big Bang (More) | See 1440's overview of the James Webb (More

 

Business & Markets

> US stock markets close down Friday (S&P 500 -1.1%, Dow -0.8%, Nasdaq -1.5%) as major tech stocks like Tesla (-5.0%) and Nvidia (-2.0%) drop; markets still close holiday week up (More) | Stock markets 101, from key terms to the world's oldest exchange (More)

> President-elect Donald Trump asks Supreme Court to pause upcoming Jan. 19 deadline requiring TikTok be divested or face a US ban; court to hear case Jan. 10 (More) | How TikTok became a global phenomenon (More)

> Crypto industry groups sue the IRS over rule requiring some decentralized finance platforms to track and report user data, including transaction history, beginning in 2027 (More)

💰Startups, taxes, wedding economics, oh my: 1440 Business & Finance will be covering all these topics and more in the new year—sign up here to get it in your inbox!

 

Politics & World Affairs

> Israeli forces detain more than 240 people during a raid on hospital in northern Gaza, alleging Hamas fighters were using the facility as cover (More) | See updates on the war (More)

> At least two dead and six injured in Texas and Mississippi as intense weekend storm spawns tornadoes across the southern US; hundreds of thousands of people left without power (More)

> President-elect Donald Trump issues statement supporting H-1B visa program for high-skilled foreign workers amid online dispute between some supporters and Elon Musk (More) | H-1B program explained (More)

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Live the Life You Want, for Longer

 

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Meet Mitopure® from Timeline, a powerful healthy aging solution shown in clinical studies to significantly increase cellular energy and muscle strength, with results starting in as little as two months. Even better? Studies show participants saw significant increases without any change in exercise. Start your journey to stronger muscles today. 1440 readers can try a Mitopure® sample today for 60% off.

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Etcetera
 

The economics behind Americans' love of giant houses.

 

Stories behind the best Reuters photos of the year

 

... and capturing the frozen beauty of subzero prairie land.

 

The obsession that drove Nikola Tesla mad (w/video).

 

Here are the 15 smells trademarked in the US.

 

Fifty of the best poems of the year.

 

What would happen if you put a pool on the moon? (via YouTube)

 

The world's best chess player gets into a fashion dispute.

 

Clickbait: Missing dog makes her way home, rings owner's doorbell.

 

Historybook: Author Rudyard Kipling born (1865); The Soviet Union formed (1922); Tiger Woods born (1975); LeBron James born (1984); Former Iraqi dictator Saddam Hussein executed (2006); Oscar-winning actress Luise Rainer dies (2014). 

"Words are, of course, the most powerful drug used by mankind."

- Rudyard Kipling

Why 1440? The printing press was invented around the year 1440, spreading knowledge to the masses and changing the course of history. More facts: In every day, there are 1,440 minutes. We’re here to make each one count.

 

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