Lincoln bringing back “suicide doors” with limited edition Continental – CBS News

“Suicide doors” will soon be back on the road. For its 80th anniversary in 2019, Lincoln is bringing back a limited run of its Continental sedan with the iconic doors that are hinged from the rear, rather than the front. 

The “coach doors” — or “suicide doors,” so-called because of the danger of opening them while the car is moving — harken back to the famous 1961 model of the car.

Lincoln will put out only 80 of the vintage-style Continentals, which debut Monday at a holiday party in Brooklyn before appearing at auto shows in Detroit and Beijing early next year.

The company said the cars are scheduled to be delivered by June 2019 exclusively in the U.S. and will sell for more than $100,000. Another limited run is set to come out in 2020.

Despite its old-fashioned appearance, the Continental will otherwise have modern luxury features such as driver assist and wireless charging.

Lincoln is bringing back the classic car after speculation it might take the Continental off the road for good due to declining sales. Only about 12,000 Lincoln Continentals were sold in 2017. That’s less than a third of the peak Continental sales in the 1960s, when suicide doors were last in vogue.

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Some Bloke Made A Glitter Fart Bomb To Get Revenge On Xmas Package Thieves – Pedestrian TV

After having numerous packages stolen directly from his front porch, a YouTuber and engineer decided to take matters into his own hands by creating a fake package which, when opened, covers the thief in glitter and fart spray.

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Even though Mark Rober had video footage of the thefts, police refused to help, saying it was simply not worth their time to follow up, particularly as this kind of activity spikes pretty dramatically around this time of year. Instead, the talented engineer (who has some of his work on a goddamn Mars rover) created one of the most technically impressive prank packages of all time.

It contains a GPS to track the package, four smartphones to record everything that happens, a motorised cup filled with fine glitter which spins when opened, and a can of fart spray which is released five times every thirty seconds. But the cherry on top, folks, is the fake packaging label, which says that it was sent by Home Alone‘s Kevin McCallister from the address of the actual house the movie was filmed in. Bueno.

It’s actually insanely impressive to see how everything fits together and works, not to mention the reactions of those caught in its fabulous yet smelly path. Check it all out in the clip below.

Ah, glitter. As South Park‘s Eric Cartman once said, it’s the herpes of the craft world.

Image:
YouTube / Mark Rober

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T-Mobile and Sprint merger officially cleared by US national security panel, still needs FCC & DOJ approval – 9to5Mac

It was reported on Friday that T-Mobile and Sprint would likely receive approval from U.S. national security officials for their $26 billion merger. The Wall Street Journal reports that T-Mobile was granted approval for its takeover of Sprint today after “several months of negotiation with company representatives.”

Sylvania HomeKit Light Strip

The approval comes from the Committee on Foreign Investment in the U.S., or Cfius. The committee is led by the Treasury Department and is tasked with reviewing foreign deals for national security concerns. It can recommend the president block potential deals if such issues are uncovered.

In the case of the deal between Sprint and T-Mobile, Cfius is obligated to review details because T-Mobile’s majority owner is Deutsche Telekom, which is Germany-based. Meanwhile, Sprint’s parent, SoftBank Group, is Japan-based.

Friday’s report stated that approval of the deal was contingent upon both parent companies agreeing to reduce their use of Huawei devices. Today’s report notes that Cfius previously required Sprint to remove Huawei equipment from its U.S. network in 2013 when SoftBank purchased a controlling stake in the carrier. Deutsche Telekom went through a similar process when it entered the U.S. market.

This time around, however, neither Deutsche Telekom nor SoftBank are required to “significantly change its business or operations” as a result of the Cfius review. Changes are limited to T-Mobile, Sprint, and their subsidiaries, the report says:

Neither Deutsche Telekom nor SoftBank is required to significantly change its own business or operations as a result of Cfius’s demands, according to the terms of the merger. Any potential changes are limited to T-Mobile, Sprint and their respective subsidiaries, deal documents show.

Of note, Cfius has no insight into the networks overseas of Deutsche Telekom and SoftBank.

Approval by Cfius is only the next step in the approval process for the T-Mobile and Sprint deal. The takeover still needs approval from antitrust officials including the FCC and DOJ. The FCC review just recently resumed after a brief delay in September. The deal faces pushback from several parties who fear it would reduce competition, cost thousands of jobs, and more.


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CBS Denies Former CEO Les Moonves $120 Million Severance Package – NPR

CBS announced on Monday it will not pay out a controversial $120 million severance package to former CEO Leslie Moonves. The company said it had ample reason to fire the disgraced executive for cause.

Gabe Ginsberg/Getty Images for Showtime


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Gabe Ginsberg/Getty Images for Showtime

CBS announced on Monday it will not pay out a controversial $120 million severance package to former CEO Leslie Moonves. The company said it had ample reason to fire the disgraced executive for cause.

Gabe Ginsberg/Getty Images for Showtime

Disgraced former CBS CEO Les Moonves, who’s been accused of sexual harassment and assault, has been denied the controversial $120 million severance package contained in his contract, the network’s board of directors announced on Monday.

The decision follows an investigation by two law firms into the allegations against Moonves which culminated in a graphic report that concluded that the company had ample of reasons to fire the television executive for cause, subsequently paving the way for it to withhold the whopping payout.

“With regard to Mr. Moonves, we have determined that there are grounds to terminate for cause, including his willful and material misfeasance, violation of Company policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company’s investigation,” the statement said.

The board said harassment and retaliation are not pervasive at CBS, but the company has not placed a “high institutional priority” on preventing it.

Moonves was forced to step down in September, following a New Yorker story in which a dozen women came forward claiming he had sexually harassed or assaulted them. That story came nearly a year after the #MeToo movement began to gain traction in the entertainment industry.

Among the CBS report’s damning findings, according to The New York Times, which received a leaked copy, is that Moonves “destroyed evidence and misled investigators in an attempt to preserve his reputation and save a lucrative severance deal.” The report also included several previously undisclosed allegations of sexual misconduct.

Additionally, as The Times’ Rachel Abrams, told NPR’s All Things Considered:

“The lawyer said that they investigated 11 of the 17 women who they knew of who had made accusations against Mr. Moonves. And they make a point multiple times in their report to say that they found the women credible. And by contrast – if I could just read you what they wrote about Mr. Moonves – they said they found him to be evasive and untruthful at times and to have deliberately lied about and minimized the extent of his sexual misconduct. And the lawyers also wrote that Mr. Moonves engaged in multiple acts of serious, nonconsensual sexual misconduct in and outside of the workplace both before and after he came to CBS in 1995.”

Another salacious bombshell from investigators, as reported by the Times, is that Moonves received oral sex from at least four employees “under circumstances that sound transactional and improper to the extent that there was no hint of any relationship, romance, or reciprocity (especially given what we know about his history of more or less forced oral sex with women with whom he has no ongoing relationship).”

Investigators also found that CBS management was aware of allegations against Moonves for years. Former board member Arnold Kopelson, who died in October, was informed as early as 2007 about an attack in which a woman said “Moonves had masturbated in front of her and tried to kiss her during a doctor’s visit in 1999,” Abrams told NPR, adding that there is no evidence Kopelson took any action to look into the allegations or inform other board members.

Moonves’ attorney, Andrew Levander, told NPR in a statement that “the conclusions of the CBS board were foreordained and are without merit.”

“Consistent with the pattern of leaks that have permeated this ‘process’, the press was informed of these baseless conclusions before Mr. Moonves, further damaging his name, reputation, career and legacy,” Levander said. “Mr. Moonves vehemently denies any non-consensual sexual relations and cooperated extensively and fully with investigators.”

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All the biggest stocks that are now in a bear market, in one chart – MarketWatch

There are some BIG names in bear territory right now.

And the list of bear-market stocks keeps growing every day, as the Dow Jones Industrial

DJIA, -2.11%

 , the S&P 500

SPX, -2.08%

  and the Nasdaq Composite

COMP, -2.27%

  mark their worst start to December trading since 1980.

A correction is typically defined as a 10% drop for a stock or an index from a recent peak, while a bear market is a 20%-plus decrease. Data supplied by FactSet show that, as of the end of last week, 264 (53%) of S&P 500 companies are in bear markets.

With stocks closing down another 500 points on Monday and investors seriously on edge, that 53% may well keep ticking up as the week presses on.

The Dow is also on the verge of joining the S&P 500 in a so-called death cross, where the 50-day moving average — a short-term trend tracker — crosses below the 200-day moving average. Chart watchers believe that such a cross marks the point where a shorter-term decline graduates to a longer-term downtrend. The S&P 500 formed the death-cross pattern earlier in December, and a slew of other highly watched stocks have done the same over the past few months: Facebook

FB, -2.69%

  back in September, Netflix

NFLX, -1.51%

 and Alphabet

GOOG, -2.45%

GOOGL, -2.48%

 in November, Amazon

AMZN, -4.46%

 just last week, and Apple

AAPL, -0.93%

is looking like it will also cross this week.

As of the close on Monday, the FAANG stocks all make the list of biggest bears — among the top 15 S&P 500 companies that are down 20%-plus from their 52-week highs. Some of the other big names rounding out that list: Citigroup

C, -1.40%

 , IBM

IBM, -3.17%

 , Wells Fargo

WFC, +0.15%

 , Bank of America

BAC, -0.04%

 , AT&T

T, -1.19%

  and Home Depot

HD, -2.51%

.

Among the broad indices, the S&P Small Cap 600

SML, -2.34%

  is still the only one in bear-market territory — though the S&P 400 Mid Cap Index

MID, -2.22%

 is getting closer, at 17% down from its 52-week high.

Though the Dow and S&P remain firmly in the correction zone, not bear territory, many of the market watchers, movers and shakers who like to comment on such things are already calling the death of the decade-long bull run, and the onset of a bear market (most recently, bond king Jeff Gundlach).

Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.

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Tumblr issues rule clarification after adult content ban – Alternative Press

tumblr
[Photo by: Pexels]

Tumblr’s ban on adult content from its platform has officially begun causing the company to issue clarification on the newly refined rules.

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Back in November Tumblr was removed from Apple’s app store following concerns that child pornography had made its way onto the platform.

Following the app’s removal, Tumblr announced their plan to ban all adult content from the site, thus making the app available for download again.

The company’s initial plan was not only confusing but upsetting for a lot of people, who have already abandoned the site in search of something new.

Today the company issued a blog post clarifying the new rules and the appeal process for flagged content.

You can read the full post below:

Hey Tumblr–

A couple of weeks ago we announced an update to our Community Guidelines regarding adult content, and we’ve received a lot of questions and feedback from you. First and foremost, we are sorry that this has not been an easy transition and we know we can do a better job of explaining what we’re doing. We knew this wasn’t going to be an easy task and we appreciate your patience as we work through the challenges and limitations of correctly flagging tens of billions of GIFs, videos, and photos.

Today, December 17th, our policy begins to take effect. This means that we will start hiding – not deleting – posts that contain GIFs, videos, and photos from public view that are in violation of our policy. Again, this is a complex problem, and over the coming weeks we will gradually, and carefully, flag more adult content. (Yes, we will still make mistakes, but hopefully fewer and fewer.)

More importantly, we want to clarify the things that you, as a community, have asked about the most.

Tumblr will always be a place to explore your identity. Tumblr has always been home to marginalized communities and always will be. We fully recognize Tumblr’s special obligation to these communities and are committed to ensuring that our new policy on adult content does not silence the vital conversations that take place here every day.

LGBTQ+ conversations, exploration of sexuality and gender, efforts to document the lives and challenges of those in the sex worker industry, and posts with pictures, videos, and GIFs of gender-confirmation surgery are all examples of content that is not only permitted on Tumblr but actively encouraged.

We also want to reiterate some important information from our Support post:

Your content will not be deleted. If your post(s) are flagged under the new policy, they will be hidden from public view and will only be visible to you. You can appeal these flags if you feel your content was erroneously marked as adult content. Upcoming feature changes will also make appeals more manageable for those of you with multiple flagged posts. Your blog won’t be deleted if you’ve posted adult content in the past, and there is nothing you need to do if you have interacted with adult content up until now–it will just be flagged and not publicly viewable. Don’t forget too that you can download your content. It’s yours after all, and we don’t take that lightly.”

Are you still using the Tumblr app? Sound off in the comments below!

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San Diego-based Jack in the Box looks into possible sale – 10News

SAN DIEGO (KGTV) — Jack in the Box Monday announced that it’s looking into the possibility of selling the company.

The company claimed in a press release it’s exploring several options to “maximize shareholder value.”

Several of the options include the sale of the company or a previously announced plan to increase its leverage.

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San Diego-based Jack in the Box suggests more kiosks, fewer cashiers as minimum wage rises

The company has already gone as far as to have discussions with possible buyers, though no timetable has been set.

Jack in the Box is based in San Diego and is one of the nation’s largest burger chains with more than 2,200 restaurants in 21 states.

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Cramer Remix: Johnson & Johnson has to stop dropping for the market to head higher – CNBC

Consumer products giant Nestle’s $7.15 billion deal for the rights to sell Starbucks products at its international locations will greatly benefit both massive companies, Nestle CEO Mark Schneider told Cramer in a joint interview with Starbucks chief Kevin Johnson.

“I think this really plays to the strengths of both companies,” Schneider said. “It allows Starbucks to focus on this thriving coffee shop business and international expansion opportunities, and then Starbucks partners with us for what we do best, and that is consumer packaged goods.”

The CEOs told Cramer they were surprised by how well their teams worked together, which has enabled them to expedite the integration process and make the partnership profitable early on. Johnson attributed that in part to the values shared between Starbucks and Nestle, parent to top coffee brands Nespresso and Nescafe.

“Sustainability is one of the three social impact pillars that we have, and, as Mark said, this is something we share in common,” Johnson said. “Embracing the pursuit of doing good is a part of the Starbucks brand, and it’s woven into who we are, into our mission and values, and, candidly, it’s part of why customers want to do business with us.”

Click here to watch their full interview.

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Police say man tried to trade marijuana for fast food at McDonald’s – ABC15 Arizona

Police say a 23-year-old man tried to trade a bag of marijuana for fast food at McDonald’s.

According to Port St. Lucie, Florida, police, Anthony Gallagher went to the drive-thru at the restaurant around 2 a.m. on Sunday.

He tried to give a worker a baggie of marijuana in exchange for food, police said. The worker refused and the suspect drove off.

Police said Gallagher went through the drive-thru a second time. That’s when an officer made contact with him and noticed a heavy odor of marijuana coming from his car.

According to police, they found 11 grams of marijuana on Gallagher.

He admitted to trying to exchange marijuana for food as a joke, police said.

Gallagher is facing several charges including possession of marijuana and DUI.

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