Bannon Sentencing, Retirement Boost, and Anti-Cheating Hats

1440 Weekend Edition ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
1440 Weekend Edition

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Good morning. It's Saturday, Oct. 22, and in this weekend edition, we're covering the first sentencing from a skipped Jan. 6 subpoena, a boost in contribution limits to retirement accounts, and much more. Have feedback? We'd like to hear it. Let us know at hello@join1440.com

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ONE BIG HEADLINE

 

Steve Bannon Sentenced

Former Trump adviser Steve Bannon has been sentenced to four months in prison for criminal contempt of Congress, after refusing to comply with a subpoena from the House committee investigating the Jan. 6, 2021, storming of the US Capitol.

 

Bannon's sentencing is the first to come out of four people who were held in contempt for not complying with a Jan. 6 subpoena. Former Trump adviser Peter Navarro is scheduled to stand trial next month, while the Justice Department declined to charge two top Trump aides, Mark Meadows and Dan Scavino.  

 

Bannon, 68, who will remain free pending an appeal, was also fined $6,500. Bannon's lawyers had argued for probation, while prosecutors had argued for a six-month prison term. In imposing the sentence, the judge noted Bannon was following the advice of his lawyer. 

 

Separately, the House Jan. 6. committee officially sent a subpoena to former President Donald Trump, seeking documents related to his actions over the day's events by Nov. 4 and asking him to testify Nov. 14. 

QUICK HITS

 

Appeals court temporarily blocks student loan forgiveness program.

A federal appeals court issued an administrative stay Friday, temporarily halting the Biden administration from discharging any student loan debt while the court considers a request for an injunction from six states. So far, about 22 million people have applied for forgiveness through the program, which was set to begin discharging debts as early as Sunday.

 

The Internal Revenue Service raises contribution limits for 401(k), IRA.

In 2023, contributions for 401(k) and similar workplace plans will increase by $2K to $22,500 due to inflation adjustments. Contributions for individual retirement accounts will rise to $6,500. Those who are 50 and older will be able to contribute $30K for 401(k) plans. Finally, to contribute to a Roth IRA, individuals' adjusted gross income must be below $153K—an increase of $9K from the current level. 

 

Pakistan bars ex-prime minister Imran Khan from holding public office.

The decision from Pakistan’s elections commission comes five months after the country’s parliament ousted former Prime Minister Imran Khan through a no-confidence vote. The elections commission accused Khan of unlawfully selling state gifts and concealing the profits. Khan is barred from completing his current term.

 

Instacart postpones initial public offering into 2023.

The grocery delivery app, which filed for an IPO in March, was set to go public this year before pushing its IPO, believing the current stock market is too volatile. Sixty-five companies have gone public on US exchanges this year, representing an 81% decline from last year.

 

New York City public schools to observe Diwali holiday next year.

Diwali is known as the festival of lights and is typically celebrated by Hindus, Jains, and Sikhs. The holiday's date changes every year, based on the Indian calendar, but often falls in October or November. Read more about Diwali here.

 

US budget deficit fell by half in fiscal 2022.

The federal deficit decreased to $1.38T for fiscal 2022, down from the 2021 deficit of $2.78T. Observers say the decrease is partly due to more tax revenues collected from individuals and corporations, as well as a decline in federal spending for pandemic-related programs such as expanded jobless benefits.

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HUMANKIND

 
 

UK physicist has written over 1,700 Wikipedia pages for women scientists. (More)

 

A woman asks a stranger for directions on vacation—now they're married. (More

 

Graduating father receives adorable cheers from daughter in sweet moment. (More)

 

Young boy uses his birthday money to start a food bank in his garden shed. (More

 

New York sanitation workers team up to help a woman find a special ring. (More)

 

Five-year-old expertly plays Mozart's "Rondo Alla Turca" on the piano. (More)

 

Introducing Gas, an app where teens say nice things about each other. (More)

From our partners: Interactive learning for independent thinkers. Brilliant gives you hands-on learning for key math and science concepts—so they actually click. Their bite-sized lessons make it easy to build a learning habit and gradually master big concepts. Join 10M+ people discovering a better way to learn and get started for free.

HUMANKIND(NESS)

 
 

Today, we're sharing a story from reader Anthony H. in Asheville, North Carolina.

 

"My wife and I were trying to find our first home (ever) in Asheville, and we found one! Got all the way to a week before closing, and we find out the seller doesn't have the title, and there are numerous repairs that need to be made ... We had no choice but to stay in a motel. As my wife was starting to make reservations, our Agent comes up and asks what we're doing ... and says, 'no no, you can stay in my camper on my property.' We are so shocked at the kindness we didn't know what to say ... We probably wouldn't have been able to afford the house if we stayed at a hotel."

 

What act(s) of kindness did you experience this week? Tell us.

Dear Readers—

 

Thanks for being a part of 1440! Want to further support our mission of sharing fact-focused information with the world? Here are the three best ways you can continue to help our small team: 

 

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ETCETERA 

 

Bookkeeping

> Rare Walton 1913 Liberty Head nickel sells for $4.2Monly four others exist
> The cost of candy has now increased about 13% since last year

 

Browse 

> The US cities where young people are (and aren't) buying homes.

> Students go viral for “anti-cheating” hats (w/photos).

> A free online archive of 7,000 historic children's books.

> Pop-Tarts is releasing a new limited edition flavor.

 

Listen 

Surviving El Chapo: the twins who brought down a drug lord.


Watch 

> What being cold does to the human body.

> Why divergent thinkers beat geniuses in the real world.

> The legendary song that became the rick roll.

> Ralph Macchio from "The Karate Kid" answers the web's most searched questions.

 

Long Read 

> These highly trained rats have sniffed out 150,000 explosives.

> Glitches that afflict our phones and computers could be caused by outer space.
> HBO's "House of the Dragon" is inspired by a real medieval struggle.

 

Best of the Week: Researchers discover a massive Lake Superior shipwreck.

Historybook: Original Metropolitan Opera House opens in New York City (1883); Oscar-winning actress Joan Fontaine born (1917); Actress Annette Funicello born (1942); In-N-Out Burger opens first location in Los Angeles (1948); President John F. Kennedy alerts Americans to Cuban missile crisis (1962); Reggae artist Shaggy born (1968).

 

"Mankind must put an end to war before war puts an end to mankind."

- John F. Kennedy

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