Current Events for the week of 3/13 - 3/19

1. Cornell Related

  • Electronic/Hip-Hop band Big Gigantic and Indie group MisterWives chosen as Slope Day headliners. (BrassTracks and S’Natra set to open)
  • Nick Lambrou proposes new 5-Story Collegetown apartment on Eddy St.
  • Ithaca College faculty unions set strike date for March 28th/29th if agreement is not met by then

2. Markets

  • 8 years ago today, markets hit their crisis era low, since then have rebounded 250%
  • Markets saw a very slight decline over the course of the week as pressure from the financial and energy sectors stunted growth

3. Finance

  • The US Energy Information Association predicts that domestic oil production will hit its highest level in the nation’s history by next year
  • Following the jobs report released on March 8th, a FED rate hike seems almost certain to occur

4. Tech

  • Airbnb’s latest round of funding brings its valuation up to $31B
  • Wikileaks “Vault 7” reveals CIA spying and malware

5. Politics

  • South Korea upholds ruling to remove President Park Geun-Hye from power
  • Obamacare revision passes two house committees as Trump and Republicans rush to pass the proposed plan