Mnuchin Scorns Deficit Fears | Life On Venus? | Mets' New Billionaire Owner

Plus: Exclusive: The Billionaire Who Wanted To Die Broke…Is Now Officially Broke

Know Now

• Hurricane Sally Prompts Evacuations Along Gulf Coast As Landfall Expected On Tuesday

• Treasury Sec. Mnuchin Says More Stimulus Needed—Don’t Worry About The Deficit
MORE: Who Is Holding Up The Next Stimulus Check?

• Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic Dividends Despite $32 Million In Losses

• ‘I Don’t Think Science Knows, Actually’: Trump Dismisses Climate Science In California Wildfire Discussion
MORE: Portland Air Is So Hazardous ‘No One Should Be Outside’

• Dow Rises Over 300 Points As Tech Stocks Continue To Rebound

Top Take-Aways

The world set a new record for Covid-19 cases, with 307,930 new confirmed infections reported globally by the World Health Organization, a jarring reminder that much of the world is still grappling with a severe outbreak.
MORE: Rheumatoid arthritis drug shortens Covid-19 hospitalization when combined with antiviral med

Billionaire Steve Cohen signed an agreement to buy the New York Mets. Cohen will own 95% of the team, according to reports, noting the deal was valued at $2.42 billion. This would break the record for the most money paid for a MLB franchise, including the Los Angeles Dodgers.

Not sure that things are changing in the tax and legal worlds? The Internal Revenue Service has released a new marijuana business webpage to help business owners understand and meet their tax responsibilities. That’s right. Marijuana. At IRS.gov.

Lionel Messi and Cristiano Ronaldo top this year’s highest-paid soccer players ranking, with Messi landing the top spot with $126 million and Ronaldo coming in with $117 million. Paris Saint-Germain striker Kylian Mbappe lands in fourth place with $48 million.

Is there life on Venus? Extra-terrestrial ‘aerial’ organisms may exist in its clouds, say scientists. It’s an amazing story for anyone interested in life beyond Earth.

Macy’s Thanksgiving Day Parade will be virtual this year as large scale events across the nation continue to be canceled or altered because of the coronavirus pandemic. “It will not be the same parade we're used to.”

Today's Must-Read

Charles “Chuck” Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monk-like frugality. As a philanthropist, Feeney pioneered the idea of Giving While Living—spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death.

"Chuck was a cornerstone in terms of inspiration for the Giving Pledge," says Warren Buffett. "He's a model for us all. It's going to take me 12 years after my death to get done what he's doing within his lifetime."

Over the last four decades, Feeney has donated more than $8 billion to charities, universities, and foundations worldwide through his foundation, the Atlantic Philanthropies. On September 14, Feeney completed his four-decade mission and signed the documents to shutter the Atlantic Philanthropies.

He estimated he had set aside about $2 million for his and his wife's retirement. In other words, he's given away 375,000% more money than his current net worth. And he gave it away anonymously.

"I see little reason to delay giving when so much good can be achieved through supporting worthwhile causes," Feeney told Senior Editor Steven Bertoni. "Besides, it's a lot more fun to give while you live than give while you're dead."

See the full story here.

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