Skimm for July 2nd
Skimm'd while packing for a beach weekend.
"#WhiteHouseTour" -- As in the White House has officially lifted a four-decade ban on taking pics during tours. Selfie sticks are still prohibited.
The Justice Department is investigating whether or not major airlines are purposely screwing you. Just in time for long weekend travel. Yay.
The DOJ's looking into whether airlines have coordinated to limit available seats and flights, in order to keep demand -- and ticket prices -- high. Bad for consumers and good for airlines' wallets. It doesn't help that a series of mergers in recent years have allowed just four airlines to control 80% of the US industry.
Yesterday, the DOJ asked these airlines to kindly turn over all communications with each other. And since there's nothing that investors love more than a government investigation, airline stocks fell.
Thanks to mergers and low costs of jet fuel, it's been a really good few years for the airline industry. This is the Justice Department looking into whether it's too good to be true.
That's a joke. This isn't -- a British guy has set up a crowdfunding campaign to bail out Greece. You might have heard Greece was cut off by its international parents this week, and since it couldn't pay back its debts, it defaulted on a major loan. But fear not, help is on the way...as of last night, the Brit has raised more than one million euros -- just about 1.5 billion shy of the goal. He's offering to send a postcard of Greece's current prime minister, or a Greek salad, to donors. Meanwhile, Greece is set to hold a vote on Sunday on whether to accept new bailout terms from international creditors. And if the country votes 'no,' odds are it will "Grexit" from the eurozone. Stay tuned...
Egypt. Yesterday, major fighting broke out between ISIS-affiliated militants and the Egyptian army in a northern part of the country. It started when the militants launched three suicide attacks at multiple army checkpoints. 17 Egyptian soldiers and more than 100 militants were killed. Also this week, a top Egyptian official was assassinated in a suspected militant attack. Egypt's military has been a target for militants ever since it kicked out the country's first democratically elected president two years ago (the one in the cage). He was with the Muslim Brotherhood, an Islamist group. Yesterday's fighting is a sign that the military doesn't exactly have things under control -- and that more violence could be on the way.
All about joining forces. Yesterday, two big insurance companies decided to become one really big insurance company. In the largest-ever deal for the industry, Ace agreed to buy Chubb for $28.3 billion. The industry's been feeling pressure from lower interest rates and fewer claims (think: less hurricanes recently across the US). So Ace hopes that getting Chubby will help its growth. Meanwhile, the electronics industry isn't feeling the merger love. Yesterday, the Justice Department blocked Electrolux's plan to buy GE's appliance division. The DOJ says it will hurt competition and consumers. Womp womp.
Did you hear about Sir Nicholas Winton aka the 'British Schindler'? He died yesterday at age 106. He canceled a ski vacation in the 1930s to rescue hundreds of Jewish refugees from the Nazis. And that's how he became a "Sir" -- he was knighted in 2003. Casual resume.
Consider a staycation this weekend. There was another shark attack in the Carolinas yesterday.
Days after the Supremes legalized same-sex marriage, the Episcopalians are getting on board, too. Yesterday, the church changed its laws to allow religious weddings for gay couples. More than ten years ago, Episcopalians elected the first openly gay bishop. Which was a holy big deal for a Christian Church. But saying 'amen' to same-sex marriage doesn't mean all other denominations will roll out the rainbow marriage carpet anytime soon.
Skimm'ologist says: Red, white and…red. Sip this red with your read.
Meet your vacation post-apocalypse novel. Imagine a famous actor's death being upstaged…by a flu that causes the end of the world as we know it. But it's so good that you feel fine.
You know what goes great with stars and stripes? Our Skimm HQ playlist. Enjoy.
No Skimm tomorrow, in honor of 'Murica's birthday weekend. See you back in your inbox on Monday.
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