Fannie Mae Chief Tapped To Head U.s. Bank Rescue

Heavy drinking is clearly bad for your health. But it's long been questioned whether moderate drinking is also risky—and, if so, how risky, exactly. Health researchers have consistently found links between alcohol consumption and several types of cancers (namely mouth, throat, colon, rectal, liver, and breast), as well as liver diseases, injuries, and traffic accidents.

Welcome to Edition 7.27 of the Rocket Report! Thursday was an eventful day in super heavy lift launch, with Blue Origin's New Glenn rocket having a highly successful debut launch before dawn in Florida, at Cape Canaveral Space Force Station. Then, on Thursday afternoon, an upgraded Starship took flight from South Texas.

The Chicago Reader, the city’s storied alternative weekly newspaper, may be on the brink of extinction again. Driven by an “urgent need to reduce costs” and the “imminent risk of closure” amid financial challenges, the Reader announced the immediate layoffs of six non-union employees, organizational restructuring and the resignation of CEO Solomon Lieberman in a news release this week. The half-century old publication, which converted with great optimism to a nonprofit nearly three years ago, has continued to struggle under the new business model, falling short of its ambitious fundraising goals and sinking deeper into the red. Operating on an upwardly revised but “razor-thin” $4.75 million budget, the Reader lost close to a half-million dollars last year, according to Ellen Kaulig, the newspaper’s recently installed chief of staff. “We are out of reserves, and so what we have done are the drastic cuts necessary for survival,” Kaulig said Thursday. The Reader, which resumed weekly print publication last summer after scaling back to biweekly for several years, still delivers 60,000 free, advertising-supported newspapers across the city every Thursday, leaning into coverage of the local arts scene as its core mission. It also offers a 24/7 digital product heavy with concert and theater reviews, with a smattering of long-form journalism that was once its bread and butter. After Tuesday’s announced layoffs, the Reader has 34 employees, including 20 union journalists.

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SpaceX launched an upgraded version of its massive Starship rocket from South Texas on Thursday, but the flight ended less than nine minutes later after engineers lost contact with the spacecraft. For a few moments, SpaceX officials discussing the launch on the company's live webcast were unsure of the outcome of the test flight.