Author: openjargon

  • I’ve been flying ultra-low-cost airlines for years and have never been charged extra — these are my 4 tips for avoiding fees

    Spirit Airlines bag check
    Spirit and Frontier have size checks stationed at the check-in desk and boarding gates.

    • Ultra-low-cost carriers charge for everything except an unassigned seat and a small personal item.
    • Bag size and weight are strict, and paying for extra baggage at booking is cheaper than later.
    • Trying TikTok hacks to bring more than allowed is risky, and airlines are cracking down.

    Ultra-low-cost carriers, or ULCCs, were a saving grace in college when I had limited fun money. I didn't care about the barebones planes or stuffing everything into a personal item so long as I could travel cheaply.

    My limited budget meant I was careful to follow the rules to a T, as I knew the add-on fees would pile up if I got to the airport unprepared.

    While I largely avoid ULCCs like Frontier Airlines and Spirit Airlines these days due to their worsening value and customer experience, there are times when the price is too good to pass up.

    However, I see people forking over hundreds of dollars for luggage, seats, snacks, and other add-ons every time because they ignored or misunderstood the a-la-carte business model.

    The recent controversy involving Frontier reportedly charging people for bags within the size limits and then taking a commission has not helped the confusion.

    Research the no-frills rules before you show up to the airport

    The a-la-carte rules of ULCCs are relatively simple: the base fare gets you an unassigned seat and a personal item, but everything else — including even a cup of water — costs extra.

    This means parties will only be guaranteed to sit together if they pay for each seat, and I recommend bringing your own snacks and drinks if you don't want to pay for the overpriced options on board.

    But I think what surprises new flyers the most is how strict the bag size and weight limits are.

    My backpack fits perfectly inside the personal item size checker on both Frontier and Spirit.
    My backpack fits perfectly inside the personal item size checker on both Frontier and Spirit.

    Frontier and Spirit require personal items to be 18 x 14 x 8 inches or smaller and don't allow checked bags bigger than 62 linear inches.

    One important detail: Frontier's checked bag weight limit is 40 pounds compared to Spirit's 50 pounds — something I've seen trip people up when the ping-pong between the two carriers.

    Further, the carry-on bag restrictions vary slightly at 24 x 16 x 10 inches and 22 x 18 x 10 inches, respectively. These rules are found on the airline's websites, and the same goes for other global ULCCs like Ryanair and Allegiant Air.

    The rules may be annoying, but luggage is a lucrative ancillary revenue stream for the company. In 2023, global airlines raked in some $33 billion in bag revenue alone.

    If you inadvertently show up at the airport with luggage that is too big or heavy, I recommend downsizing if you have time or taking the loss because gate agents are required to charge you — and arguing likely won't change their minds.

    Always book directly through the airline

    Frontier and Spirit allow customers to book flights on third-party websites like Priceline or Booking.com. While the base fare is sometimes cheaper, I'd recommend against this.

    These websites don't always let you add bags at booking, possibly misleading travelers into thinking some luggage is included. Plus, some charge an extra fee to charge for a bag.

    For example, an early August flight on Spirit from New York City to Orlando on Spirit can be purchased on Priceline for the same price as the airline website, but each added bag charges a $7 "convenience fee."

    The Priceline website showing bag allowance can be added.
    A screenshot of the Priceline page showing a $7 convenience fee and a total price of $264 with a checked bag.

    You could add bags to your reservation after booking, but — because of the way Spirit is set up — will cost more than if you did it at booking on its website.

    Another third-party website called "TravelGo" offers the same ticket for about $10 cheaper but describes the carry-on allowance as "subject to airlines" for all fares. I can imagine how inexperienced flyers trying to save a few extra dollars could get confused and show up with an unpaid carry-on.

    The TravelGo website showing the spirit airfare on Aug 1-5.
    A screenshot of TravelGo's website showing the carry-on allowance as "subject to airlines."

    In my experience, the process is much clearer when booking direct, thanks to the clear messages about bags, seats, and other add-ons costing extra unless you "bundle."

    If you're unsure, call the airline — but don't let them make the reservation for you. That also costs extra.

    Do the math before you book a ULCC

    I only pay for an extra bag or a seat when absolutely necessary on a ULCC. However, once you add everything, booking a mainline carrier like American, Delta, or United is sometimes cheaper.

    In a previous article, I used the NYC to Orlando example to illustrate how the fees can add up on a ULCC, and I've found the same results on several other routes I've researched.

    For instance, a roundtrip flight between Denver and Seattle in August costs $187 for basic economy on United and $267 on Delta.

    Screenshot of frontier, united, and delta flights between denver and seattle in August.
    Once you click on the return options, the Delta flight costs $267 roundtrip, not $228.

    United's includes a random seat and a personal item. Paying $60 more for regular coach adds a carry-on and a seat selection. Delta's basic fare already includes a carry-on but no pre-assigned seat, but paying up for regular economy with a seat would cost $347.

    The base fare for the same route on Frontier with similar departure times on both legs is $197. Once you add the cheapest seat for $39 each way and a carry-on bag for $69 each way, the total price is $413.

    Screenshot of Frontier final flight cost with add ons
    The fees on Frontier add up once you start paying for both directions.

    Another example I found is between Las Vegas and Chicago, with Spirit costing more than American after adding bags.

    Just because it's low cost doesn't mean it's actually the lowest price anymore. Plus, ULCCs will not provide you with a better flight experience due to their no-frills planes and poor customer service and reliability.

    Don't bank on TikTok 'hacks'

    Frequent flyers and TikTok users have been testing the limits of ULCC rules for years, and many have found ways to bypass the size and weight rules and carry more than their ticket allows.

    Some have shown up to the airport wearing everything that couldn't fit in their personal item — think that episode of Joey from the TV show Friends — while others have stuffed extra needs into a pillowcase.

    A Business Insider reporter even tested a viral hack in August 2023, in which people stuffed extra items into the pockets of a fishing vest and wore it for the flight.

    fishing vest travel hack
    The fishing vest could fit the BI reporter's laptop in the back pocket.

    The vest hack worked for our reporter, and I've seen the pillow trick be successful — but these strategies are risky and could cost you hundreds in unexpected fees if you get caught.

    A Frontier gate agent in Orlando recently stopped a Buffalo-bound passenger from bringing a pillowcase full of items, as shown in a viral TikTok video posted on June 4.

    Spirit's own website says neck and head pillows can be carried if they fit into your personal item — but one stuffed to the brim with extra clothes could end in you shelling out more money in a carry-on fee than the price of the flight itself.

    Read the original article on Business Insider
  • A woman is seeking $1 million, saying she saw her husband drown after being electrocuted in a jacuzzi at a Mexican resort

    An outdoor jacuzzi at a resort in Mexico
    The lawsuit says that Jorge Guillen drowned after being electrocuted in a jacuzzi.

    • A Texas woman is seeking over $1 million in damages after her husband died at a Mexican resort.
    • The wrongful-death lawsuit claims that he died after being electrocuted in a jacuzzi and drowned.
    • The lawsuit accuses three companies linked to the resort of negligence.

    A Texas woman is seeking over $1 million in damages, saying she watched her husband get electrocuted and then drown while in a hot tub during a family vacation in Mexico.

    In a wrongful-death lawsuit filed in El Paso County District Court in Texas, first published by Inside Edition, Lizzette Zambrano accused three companies associated with the Sonoran Sea Resort of negligence.

    It follows the death of her husband, Jorge Guillen, on June 11, 2024, while they were on holiday at the resort in Sonora, northern Mexico.

    According to the lawsuit, Guillen stepped into the hot tub and was immediately "exposed to an electrical current in the water," causing him to keel over and become submerged.

    The lawsuit said that Zambrano tried to grab her husband from the water but she was also electrocuted and fell into the jacuzzi.

    According to the lawsuit, another guest managed to pull Zambrano out, but attempts to get Guillen, using a shepherd's cross and other items, were unsuccessful.

    "The metal from the objects carried the electrical current and began shocking the rescuers," the lawsuit said.

    Zambrano claims in the lawsuit that resort staff did not try to engage the emergency shutoff for the jacuzzi or try to rescue her or her husband.

    Guillen died of drowning, the lawsuit said, while Zambrano was hospitalized but survived the incident.

    According to the lawsuit, the defendants showed negligence by not providing warnings about faulty jacuzzi wiring, and breached their duty of care by failing to keep the resort reasonably safe.

    A spokesperson for Casago, the vacation rental company that manages the resort, told BI by email: "We are devastated by what has occurred, and our hearts are with the family and the victims of this terrible incident."

    The spokesperson added that the resort is a condo resort, and the homeowners association is responsible for the common areas, including maintenance of the pools and hot tubs.

    "Regarding this incident, our involvement ends at the individual condo reservation," they said.

    Guillen is described in the lawsuit as "an industrious, affectionate, loving, compassionate, energetic, cooperative, patient, and attentive father."

    The couple's family has raised more than $55,000 on a GoFundMe campaign, which says it is fundraising to bring Guillen's body home and to cover Zambrano's medical expenses.

    At the time of writing, the Sonoran Sea Resort's website includes a note indicating that the swimming pools and jacuzzis are temporarily closed.

    Read the original article on Business Insider
  • Kim Jong Un gave Putin some fan art of the Russian leader, and that’s just the tip of their dog-petting, joyriding day of ultimate bromance

    Vladimir Putin and Kim Jong Un walk to their seats to watch a performance in North Korea.
    Vladimir Putin and Kim Jong Un walk to their seats to watch a performance in North Korea.

    • Kim Jong Un and Vladimir Putin made sure to show off what seems like a budding bromance on Wednesday.
    • Kim lavished Putin with gifts, including art pieces of the Russian leader, while he got a luxury limo.
    • Under the smiles and laughs, both leaders hope to lean on each other to fuel their separate agendas.

    Russian leader Vladimir Putin visited Pyongyang on Wednesday, spending a day with North Korean dictator Kim Jong Un as they seek to bolster cooperation between their nations.

    Photos of their day together present a rosy relationship between both leaders, underscoring how heavily Pyongyang and Moscow hope to lean on each other as they grow increasingly isolated from the rest of the world.

    Indeed, Putin's Wednesday visit was his first to North Korea since 2000.

    Kim, for his part, rolled out the red carpet for Putin, showering him with gifts, a dramatic welcoming ceremony, a banquet, and a concert.

    If North Korean and Russian state media had their way, you would think both men had been best buds for decades.

    Kim brought Putin to Kim Il Sung Square, where a crowd waited for them
    Kim Jong Un and Vladimir Putin shake hands at a welcoming ceremony for the Russian leader.
    Kim Jong Un and Vladimir Putin shake hands at a welcoming ceremony for the Russian leader.

    State media reports suggest that North Korea turned out throngs of Pyongyang citizens for the occasion, writing that streets were decorated for "scores of kilometers" along Putin's route and filled with people.

    Both men were paraded in a Mercedes Benz as the crowd released balloons.
    Kim Jong Un and Vladimir Putin appear from the sunroof window of a car.
    Putin arrived early on Wednesday morning in Pyongyang.

    Similar treatment was given to Chinese leader Xi Jinping during his 2019 visit, when he was presented with children holding balloons.

    Hundreds of portraits of Kim and Putin were reported to be hanging throughout Pyongyang.
    A crowd in Pyongyang stands under portraits of Kim and Putin.
    Kim and Putin's portraits hung above Kim Il Sung Square in Pyongyang.

    North Korean state outlet Rodong Sinmun wrote that slogans praising Putin were emblazoned on signposts and street lights throughout Pyongyang.

    Russian journalists who arrived 12 hours before Putin reported that some 400 portraits of the Russian leader were set up in the North Korean capital, per The Telegraph.

    One of Kim's gifts to Putin appears to be a portrait of the Russian leader.
    Kim Jong Un presents Putin with artwork of the Russian leader.
    Kim Jong Un presents Putin with artwork of the Russian leader.

    Nestled among black-and-white fireworks and a representation of the Kremlin, Putin's face is the star of the art piece.

    Another is of a bust bearing Putin's likeness
    Kim Jong Un presents a bust in Putin's likeness.
    Kim Jong Un presents a bust in Putin's likeness to the Russian leader.

    It's unclear whether Putin took the bust or art piece home.

    Putin gave Kim some presents, including an admiral's ceremonial blade and a tea set.
    Putin presents gifts on a table to Kim Jong Un.
    Putin presents a gift to Kim Jong Un at a state guest house.

    Per state media, the above three photos were taken at the Kumsusan State Guesthouse in Pyongyang, a facility used by China's Xi in 2019 — the last state visit hosted by North Korea.

    Kim also received a Russian-made Aurus limousine, which both men took turns driving.
    Vladimir Putin drives Kim Jong Un in an Aurus
    Putin and Kim both took turns at the wheel, photos show.

    Putin's own entourage regularly uses the Aurus Senat, and he gave Kim a similar luxury sedan in February. While it was a gift, sending the car to North Korea violated United Nations sanctions.

    Kim is reportedly a luxury car enthusiast, with a Cadillac SUV, a Maybach limousine, and a Rolls Royce Phantom in his collection.

    Kim presented Putin with several white horses deployed for the welcoming ceremony.
    Vladimir Putin and Kim Jong Un stand in a garden and observe a white horse.
    Putin and Kim observe one of the horses used in the welcoming ceremony.

    The leaders gathered at a garden in the Kumsusan Guest House, where both men had been driving the Aurus gifted to Kim.

    State media footage showed Kim feeding a carrot to one of the horses.

    State media released dozens of photos showing both leaders laughing or smiling
    Kim Jong Un and Vladimir Putin walk with translators in a garden.
    Kim and Putin were pictured walking in a garden of the Kumsusan Guest House in Pyongyang.

    Few photos showed the pair, often flanked only by translators, looking serious or stern.

    North Korean state media lavished praise on their personal relationship, writing that both men "shared deep emotion and joy" on their stroll.

    Putin was also given a pair of Pungsan hunting dogs.
    Kim Jong Un and Vladimir Putin observe two fenced dogs.
    Putin observes the dogs gifted by Kim.

    The same breed was given to South Korea's then-president, Moon Jae-in, in 2018 when ties in the peninsula appeared to be warming.

    The Pungsan, sporting a thick, white coat and bred in mountainous regions, is North Korea's national dog and one of its most prized treasures.

    Kim and Putin later sat for negotiations with their officials and a one-on-one conversation.
    Kim Jong Un and Vladimir Putin sit at a table for one-on-one talks.
    State media wrote that Kim and Putin spoke for two hours.

    North Korean state media reported that both men spoke personally for about two hours, once again highlighting their conversation as having a "friendly and comradely atmosphere."

    Notably, Russian state media agency RIA Novosti reported that Kim "expressed full support" for Moscow's military actions in Ukraine.

    Both leaders signed an agreement that mostly reiterated a 1961 agreement between their countries to defend each other if attacked and establish closer military ties.

    For Russia, North Korea is becoming a source of vital ammunition and arms for the war in Ukraine.
    Vladimir Putin and officials from his administration speak at negotiations between North Korea and Russia.
    Putin speaks at the negotiations in Pyongyang.

    Putin has been kicking Russia's defense manufacturing industry into full gear, focusing its economy heavily on weapons manufacturing and arms development to sustain its invasion of Ukraine.

    NATO officials say Moscow's production capabilities far outweigh the West's in sheer volume despite heavy sanctions imposed by the alliance.

    Even so, Russia needs far more shells than the estimated 3 million it produces yearly.

    It's been accused by the US of acquiring ammunition from Pyongyang since September 2022, and North Korean munitions have reportedly been found on the battlefield in Ukraine.

    Observers say that in return, North Korea is getting food, supplies, and materials.
    Kim Jong Un smiles as he attends negotiations with Vladimir Putin.
    Kim smiles as he attends the negotiations.

    While it's not certain exactly what North Korea needs from Russia, it's clear that Pyongyang benefits from a strategic partnership with Moscow.

    South Korea said in February that North Korea is receiving food and raw materials from Russia, and is working its weapons factories at full capacity while other production facilities stall at about 30%.

    With Moscow sending over the materials to make munitions, that would effectively make North Korea a remote factory for Russia.

    A United Nations report in August 2023 also said North Korea desperately needs petroleum products, which Russia can provide.

    Russia has also reportedly been working closely to advise and boost North Korea's space and nuclear arms development. For example, the South Korean news agency Yonhap reported in May that Russian scientists had arrived in Pyongyang last year as North Korea hoped to launch a spy satellite. The satellite exploded just after takeoff.

    Talks aside, Kim also brought Putin to a gala concert in the Pyongyang Indoor Stadium.
    Vladimir Putin and Kim Jong Un sit among a crowd of attendees as they watch a gala concert.
    Putin and Kim can be spotted sitting in the center of the stands.

    Per North Korean state media, Putin's face flashed above the stage as the national anthems of Russia and North Korea played and a military band put on a performance.

    North Korean singers and a male choir were also featured.
    North Korean singers perform onstage for Kim Jong Un and Vladimir Putin.
    North Korean singers and a male choir performed for Putin.

    A repeated theme in Putin's day trip was the Korean War, when the Soviet Union provided fighter jets and pilots to North Korea.

    Putin received North Korea's highest honor, named after Kim's grandfather.
    Vladimir Putin and Kim Jong Un hold an award bestowed to Putin.
    Putin received North Korea's highest honor during his visit.

    Kim gave Putin an award of the Order of Kim Il Sung, his grandfather and the first dictator of the ruling party in North Korea.

    North Korean state media wrote that Putin had "performed great exploits" in growing ties between the two countries.

    A banquet was held in Putin's honor, attended by Russia's top officials.
    Kim Jong Un and Vladimir Putin share a toast at a banquet table.
    Kim and Putin share a toast at a banquet table.

    RIA Novosti wrote that the menu included salads, two cold appetizers, chicken and medicinal pumpkin, stewed cod, fried lamb, boiled seafood, and Korean noodles with beef tenderloin.

    For dessert, Putin had a choice of chocolate chip or blueberry ice cream, the state outlet reported.

    Putin praised Kim, saying that 'a good neighbor is better than a brother far away.'
    Vladimir Putin reads remarks from a script at a banquet table in Pyongyang as Kim Jong Un looks on.
    North Korean state media said Putin praised the meal.

    In exchanging pleasantries with Kim, the Russian leader also blasted the US and its allies, accusing them of perpetuating "hegemony and neo-colonialist practices," per Rodong Sinmun.

    It's a common refrain that North Korean state media uses to criticize the West.

    It was time for Kim to say goodbye to Putin by Wednesday evening.
    Kim Jong Un waves to Vladimir Putin's plane as the Russian leader departs.
    Kim waves to Putin's plane as the Russian leader prepares to depart.

    As North Korea's first state visit in five years ended, its state media lauded its ties with Russia again, calling Putin's delegation the country's "closest and most precious friends."

    Putin was reported to have invited Kim to visit Russia again. The North Korean leader last arrived in Moscow in September 2023, though his six-day trip lasted much longer than Putin's quick stop.

    Waving through his aircraft window, Putin replicated the show of friendship before the cameras.
    Vladimir Putin waves to Kim Jong Un and his entourage from a plane window.
    Putin waves back through his plane window.

    "We'll be in contact," Putin told Kim, according to RIA Novosti.

    Meanwhile, the war in Ukraine rages on, with the Kharkiv front seeing renewed fighting.
    A Ukrainian soldier prepares 155mm artillery rounds in a trench.
    A Ukrainian soldier prepares 155mm artillery rounds in a trench.

    As Putin shook hands and supped with Kim, his forces continued to fight in Ukraine.

    In Kharkiv, a northeastern region in Ukraine that borders Russia, Kyiv says its troops are pushing back an advance from the Kremlin that started in early May.

    Vovchansk, a Ukrainian city near the border, has been central to the fighting in Kharkiv.

    Key to the war has been artillery shells — ammunition that Ukraine was starved of for months but has recently been receiving after a resumption of US military aid.

    With North Korea aggressively testing devastating weapons, Seoul is aghast at the Putin-Kim meet-up.
    SEOUL, SOUTH KOREA - 2024/04/22: South Korea's 24-hour Yonhapnews TV shows a file image of North Korea's missile launch during a news program on a TV at Yongsan Railroad Station in Seoul.
    SEOUL, SOUTH KOREA – 2024/04/22: South Korea's 24-hour Yonhapnews TV shows a file image of North Korea's missile launch during a news program on a TV at Yongsan Railroad Station in Seoul.

    South Korea, on edge as Pyongyang steps up intercontinental ballistic missile tests and space launches, has condemned the treaty signed by Kim and Putin on Wednesday.

    It called up Russia's ambassador to Seoul on Friday to protest the arrangement and said that Moscow cooperating militarily with Pyongyang would violate international sanctions.

    Now, South Korean officials say the revitalized partnership between North Korea and Russia may prompt Seoul to lift its ban on sending weapons to Ukraine. South Korea has a substantial conventional arms manufacturing sector and is the world's 10th biggest arms exporter, per the Stockholm International Peace Research Institute.

    Putin sought to assure Seoul that the treaty signed on Wednesday only dealt with either country defending each other, though he did not address South Korea's concerns that Russia was enabling Pyongyang.

    "The Republic of Korea does not plan aggression against the DPRK, which means there is no need to be afraid of our cooperation in this area," he said, per RIA Novosti.

    Even as he meets with Kim, Putin must keep China top-of-mind.
    Russian leader Vladimir Putin and Chinese leader Xi Jinping shaking hands during a meeting in Beijing on October 18, 2023.
    Russian leader Vladimir Putin and Chinese leader Xi Jinping shaking hands during a meeting in Beijing on October 18, 2023.

    Although North Korea offers a potential stream of ammunition to Russia, China is clearly Moscow's greater ally by far.

    And observers say China's Xi likely isn't a fan of Putin's wartime brotherhood with Kim, especially given Beijing's growing close ties with Moscow.

    As China assists Russia with trade and — as accused by the West — electronics and parts for sophisticated weaponry, it also has to balance pressures from the rest of the world to keep its distance from Pyongyang.

    Beijing's support for Russia has been so vital to its war that NATO General Secretary Jens Stoltenberg accused it on Thursday of "fuelling the largest armed conflict in Europe since World War Two."

    Despite the flurry of gifts, warm words, and smiles he's exchanged with Kim, the friendship Putin really needs is the one in Beijing.

    Read the original article on Business Insider
  • Critical Role’s ‘Downfall’ is a new crossover project for the ‘Dungeons & Dragons’ history books

    A composite image of the Critical Role cast (left) and Brennan Lee Mulligan (right)
    Brennan Lee Mulligan of "Dimension 20" fame is here to rock the boat with "Downfall."

    • Critical Role's new campaign arc, "Downfall," will be helmed by "Dimension 20's" Brennan Lee Mulligan.
    • The three-chapter series is all about the fall of Aeor, an ancient civilization.
    • The episodes, part of the CR crew's third campaign, will air on July 11, 18, and 25.

    It looks like "Critical Role" is venturing into uncharted nerd world territory again, and it's bringing in the big guns.

    The eight-member CR cast is on episode 98 of their third long-running "Dungeons & Dragons" campaign. For the uninitiated, this group has spent nine years creating everything from two Amazon-backed animated series to a board games publishing arm.

    "Critical Role" is no stranger to guests taking over for the gang's regular game master, Matthew Mercer. The crew is now doubling down on experimentation and bringing game master Brennan Lee Mulligan to helm a full campaign arc. Mulligan is the regular game master for "Dimension 20," a tabletop role-playing game show that streams on Dropout, formerly CollegeHumor.

    Titled "Downfall," the three-part series goes back in time to the fall of an ancient civilization, Aeor. It'll also allow Mulligan to flex his storytelling chops, perhaps reprising some elements of his first "EXU: Calamity" run with Critical Role from 2022.

    The three chapters are integrated into "Critical Role's" main campaign as episodes 99 to 101 of the main storyline. Only three members of the regular CR cast — Laura Bailey, Taliesin Jaffe, and Ashley Johnson — will be playing in "Downfall." They'll be joined by a new slate of guests, including Abubakar Salim, Noshir Dalal, and Nick Marini.

    Mulligan — whose own crew is scheduled to play "Dungeons & Dragons" at a sold-out Madison Square Garden in January — told this writer in May that he was excited about the "delightful" prospect of getting to work with "Critical Role" again. At the time, Mulligan had only been billed as an emcee for "Critical Role's" June live show.

    "Without being overly sappy or sentimental about 'Critical Role' and its place in the pantheon of actual play: This was like 2017, and I'd been working at CollegeHumor for a couple of months," Mulligan recalled, referencing "Dimension 20's" beginnings as a CollegeHumor show. "And I came in with this little market research document of people that are doing work in this space that is exceptional and phenomenal, like 'Adventure Zone' and 'Critical Role.'"

    "Maybe no one would have taken a chance on "Dimension 20" if the path forward was not paved by the incredible work of Matt Mercer and the whole gang over at CR, and it's just so exceptional," Mulligan added. "I just have so much respect and appreciation to even be a little, tiny part of that incredible world they've built."

    The "Downfall" episodes drop on July 11, 18, and 25 on Twitch, YouTube, and CR's in-house subscription service, Beacon.

    Read the original article on Business Insider
  • Manufacturing hotspot Vietnam rolled out the red carpet for Putin, and the US is trying to act cool

    Russia's President Vladimir Putin and Vietnam's President To Lam pose for photos during an official visit at the Presidential Palace in Hanoi, Vietnam June 20, 2024.
    Russia's President Vladimir Putin and Vietnam's President To Lam.

    • Russian President Putin visited Vietnam, where the two countries signed a dozen agreements this week.
    • Vietnam's warm welcome of Putin isn't a good look for the US after Washington and Hanoi elevated ties in 2023.
    • Vietnam's relationship with Russia dates back to the Soviet era and holds sentimental value.

    Wanted by the International Criminal Court, Russian President Vladimir Putin still traveled to Vietnam on a two-day visit, where he was warmly welcomed.

    On Thursday, the Russian leader wrapped up his trip to Vietnam. The two countries inked about a dozen cooperation agreements covering a range of subjects, including education and plans for a nuclear science and technology center.

    Vietnam is not a member of the ICC, so Putin was safe there. Russia and Vietnam also have a long history going back to the Soviet era, so his visit is also not surprising.

    However, Putin's quick trip — which came less than a year after the US upgraded its ties with Vietnam — isn't a good look for Washington or the West, which have imposed sweeping restrictions against Russia over its invasion of Ukraine.

    Vietnam is a strategic partner for US and its allies

    The US is among Vietnam's largest trading partners, accounting for trade worth $111 billion last year. Russia's trade with Vietnam over the same period was just worth $3.6 billion.

    Australia and Japan have also elevated their relationships with Vietnam over the past year, underscoring the Southeast Asian nation's strategic role in a changing geopolitical landscape.

    Putin's visit could jeopardize these newly-forged partnerships because the optics are so stark, wrote Hoang Thi Ha, a senior fellow at the ISEAS–Yusof Ishak Institute in Singapore, on Wednesday.

    Western allies may rethink "Vietnam's reliability as a strategic partner in the region," Hoang wrote.

    "While Vietnam is not directly aiding Russia's war efforts, its warm reception of Putin could be perceived as ending foreign legitimacy to his regime and undermining US-led international efforts to oppose Russia's war in Ukraine," wrote Hoang, who is also a co-coordinator of the Regional Strategic and Political Studies Programme at ISEAS.

    Vietnam is a manufacturing hotspot for many multinational companies diversifying their operations outside China — the world's factory floor for the last 40 years — to diversify their supply chain risks.

    The US is playing it cool — but really isn't

    US Treasury Secretary Janet Yellen played it cool, saying on Thursday that America's elevated relationship with Vietnam doesn't mean Hanoi has to break up with Moscow or Beijing.

    "Vietnam has a policy and strategy of working collaboratively with many different countries, and it is not a condition of our partnership that they sever their ties to Russia or to China," Yellen told a news conference in Atlanta.

    Still, the US embassy in Vietnam issued a sharp criticism of the visit, saying that "no country should give Putin a platform to promote his war of aggression and otherwise allow him to normalize his atrocities."

    Hot on the heels of Putin's trip, Washington is sending Daniel Kritenbrink, the US Assistant Secretary of State for East Asian and Pacific affairs, to Vietnam, the State Department said on Thursday.

    Kritenbrink will meet senior Vietnamese officials on Friday and Saturday to underscore "strong US commitment" to Washington and Hanoi's strategic partnership, said the State Department.

    Hanoi's sentimental attachment to the past influences pragmatism

    While Hanoi has a much-touted "bamboo diplomacy" policy of flexibility and balanced relations with diverse powers, it is still attached to its past.

    This sentimentalism can influence the pragmatism that marked Hanoi's foreign policy for the last two decades, wrote Hoang at the ISEAS–Yusof Ishak Institute.

    It's also a smart political move, as a segment of Vietnamese still holds "a deep fondness for Russia," wrote Hoang.

    "Many still feel nostalgic for the Soviet Union and grateful for its support to Vietnam during the wars against the French and Americans," Hoang added. "Some are extremely enamored with Putin as an anti-Western symbol and a strongman leader, a phenomenon coined locally as 'Putin-mania.'"

    Read the original article on Business Insider
  • $20,000 invested in the ASX MOAT ETF 5 years ago is worth how much?

    Man holding a calculator with Australian dollar notes, symbolising dividends.

    One exchange-traded fund (ETF) that is popular with Australian investors is VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT).

    With almost $1 billion in net assets, a lot of wealth has been put into this fund.

    In fact, that’s more than what is invested in Myer Holdings Ltd (ASX: MYR) and Kogan.com Ltd (ASX: KGN).

    But has it been a good investment? Let’s take a look at what a $20,000 investment five years ago would be worth today.

    What is the ASX MOAT ETF?

    Firstly, let’s take a look at what exactly the VanEck Vectors Morningstar Wide Moat ETF provides investors.

    The fund manager, VanEck, describes the ASX MOAT as an ETF that gives “exposure to a diversified portfolio of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team.”

    It then notes that the “wide moat ETF aims to provide investment returns before fees and other costs which track the performance of the Index.”

    How are the holdings selected?

    As it mentions above, this ETF puts together a group of ~54 companies with sustainable competitive advantages that are trading at attractive prices.

    These companies will change periodically depending on the status of their competitive advantages or valuation.

    VanEck notes that at each quarterly review, current index constituents that are ranked within the top 150% of the eligible universe based on current market price/fair value ratio are given preference for inclusion in the fund.

    And from the remaining eligible securities, those with the lowest current market price/fair value ratios are included in the index sector cap.

    This has ultimately led to the likes of Google parent Alphabet Inc (NASDAQ: GOOG), automatic test equipment designer Teradyne Inc (NASDAQ: TER), online giant Amazon.com Inc (NASDAQ: AMZN), and Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK.B) been included in the fund at present.

    Big returns

    The good news is that the ASX MOAT ETF’s investment focus on sustainable competitive advantages and fair valuations has delivered the goods for investors over the last five years.

    In fact, over this period, the ETF has outperformed the market and delivered mouth-watering returns for investors.

    Since this time in 2019, the ETF has achieved an average total return of approximately 16.4% per annum.

    This means that if you had invested $20,000 into the ASX MOAT ETF five years ago, you would have compounded your way to almost $43,000 today. That’s more than double your original investment.

    The post $20,000 invested in the ASX MOAT ETF 5 years ago is worth how much? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf right now?

    Before you buy Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Vaneck Investments Limited – Vaneck Vectors Morningstar Wide Moat Etf wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Berkshire Hathaway, and Kogan.com. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Teradyne. The Motley Fool Australia has recommended Alphabet, Amazon, Berkshire Hathaway, Kogan.com, and VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Chinese retail giants tried to juice spending with iPhone and Lululemon discounts in an annual shopping bonanza

    618 Mall Promotion in Hangzhou
    An e-commerce anchor sold 618 promotional goods on a live broadcast at a mall in Hangzhou, China, on June 18, 2024.

    • China's 618 shopping festival faced challenges, despite creative strategies to attract shoppers.
    • Alibaba, ByteDance, and JD.com offered large discounts amid an uncertain economic environment.
    • By one measure, 618 sales — a barometer of consumer health — fell nearly 7% year-on-year.

    China's e-commerce platforms worked hard to attract shoppers during the country's annual 618 shopping festival. But economic troubles got in the way of big sales.

    The 618 promotion is a weeks-long event from late May to June 18, during which online platforms launch flash sales. This year saw internet companies like Alibaba, ByteDance, and JD.com offering steep discounts to woo Chinese consumers hit by persistent deflation, youth unemployment, and the property crisis.

    It's is the second-biggest sale after Singles Day, which takes place in November and is likened to Black Friday in the US. The summer shopping festival is seen as a key indicator of China's general retail temperature — and signs so far this year show that consumer spending is still muted.

    In recent weeks, Alibaba offered a 50% discount on Lululemon clothing, JD.com sold some Apple iPhones at discounts as high as 20%, and TikTok's sister company Douyin cut prices aggressively.

    Luxury brands, which are seeing a purchase slowdown in China, joined the festival, too. Burberry livestreamed its 618 discounts, while Louis Vuitton offered shoppers a 30-minute virtual personalized shopping experience on WeChat.

    After the end of 618, Alibaba and JD.com said sales grew, but neither reported specific figures.

    According to figures from Syntun, a Chinese third-party data agency, total sales on Alibaba's Tmall, JD.com, and Pinduoduo fell 6.9% year-on-year. Total sales during the festival were 742.8 billion yuan, or $102.3 billion, the first time sales dropped in the eight years since Syntun started collecting data.

    Home appliances, skincare, cosmetics and perfume, and personal care products were the top three categories in terms of sales, according to the data company.

    The drop comes amid China's slow post-pandemic recovery, as people exercise caution with their discretionary spending. According to a research note from Dutch bank ING published in May, Chinese consumers are cutting spending on clothing, cosmetics, and jewelry and instead choosing to spend their money on experiences like dining and sports. They are also flocking to safe haven investments like gold and supporting local manufacturers, instead of spending on overseas luxury brands like Gucci, Apple, and Starbucks.

    The slowdown may also stem from a plethora of year-round sales and discounts.

    "The promotional period is too long, and all the marketing has gotten confusing," said Constance Zhou, a 31-year-old who told the Financial Times she did not buy anything this year. "The platforms are always doing promotions. Regular shoppers don't have any motivation to participate."

    Read the original article on Business Insider
  • ResMed shares are in a two-month lull. Is this a chance to buy?

    Exhausted young Caucasian woman lying on comfortable sofa in living room sleeping after hard-working day, tired millennial female fall asleep on couch at home, take nap or daydream, fatigue concept

    ResMed CDI (ASX: RMD) shares are trading at $31.94 apiece on Friday, up 0.60% for the day and outpacing the ASX 200, which is up 0.17%.

    ResMed stock is up 25.8% in the year to date but this includes a two-month lull over May and June so far.

    During this period, the share price has been rangebound between about $31 and $33 per share.

    This is well below the 12-month price target of several brokers.

    So it begs the question, are ResMed shares a buy while they are stuck in the doldrums?

    ResMed shares overcome last year’s panicked sell-off

    As the chart above shows, ResMed shares were sold off in the second half of last year.

    The sleep apnoea device maker lost market capitalisation mainly because investors started feeling nervous about the potential impact of GLP-1 drugs like Ozempic on demand for ResMed’s products.

    They feared an impact because GLP-1 drugs are incredibly effective in treating obesity, and this disease is a common precursor to sleep apnoea.

    That fear sent ResMed shares tumbling to a four-year low of $21.14 on 13 October.

    But the stock has rebounded significantly after the company and many brokers educated investors.

    The key messages included that sleep apnoea has many different causes — not just obesity.

    Secondly, the total addressable market (TAM) remains enormous despite any impact GLP-1s might have on rates of obesity worldwide.

    What ResMed told shares investors about GLP-1s

    ResMed CEO Mick Farrell told investors last October that in-house modelling had quantified the impact of GLP-1s on ResMed’s TAM.

    He said GLP-1s may cost the company 200 million people in terms of TAM. However, the total TAM for sleep apnoea worldwide would still be 1.2 billion by 2050 after taking GLP-1s into account.

    At the time, 22.5 million people were using ResMed CPAP machines. Thus, Farrell successfully demonstrated the small proportionality of the GLP-1 risk to ResMed’s business.

    Then in January, Farrell revealed further in-house research that found GLP-1s were actually bringing in more customers for ResMed.

    The research showed a 10% increase in patients on GLP-1s buying sleep apnoea machines.

    This is happening partly because the GLP-1 hype has encouraged people to see their doctor about their obesity for the first time. During these consultations, sleep apnoea has also been identified, leading to more people buying ResMed products.

    Blackwattle Investment Partners reckon ResMed has actually “turned the GLP threat into an opportunity” by raising awareness of the combined healthcare benefits of GLP-1 drugs and CPAP products.

    Brokers say it’s not too late to buy

    Bell Potter has a buy rating on ResMed shares and a 12-month price target of $36. Citi has the same rating and price target. Macquarie has an outperform rating on the stock with a $34.85 price target.

    Based on these targets, ResMed shares have room for 10% to 13% more share price growth.

    Lachlan Hughes, a portfolio manager at Swell Asset Management, says ResMed has “decades of growth ahead as the penetration is low and it’s the number one player in its market”.

    The post ResMed shares are in a two-month lull. Is this a chance to buy? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Resmed Inc. right now?

    Before you buy Resmed Inc. shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Resmed Inc. wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Brokers name 3 ASX shares to buy now

    A female stockbroker reviews share price performance in her office with the city shown in the background through her windows

    It has been another busy week for many of Australia’s top brokers. This has led to the release of a number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone right now:

    REA Group Ltd (ASX: REA)

    According to a note out of Citi, its analysts have upgraded this property company’s shares to a buy rating with an improved price target of $221.00. The broker highlights that the company has a dominant position in the largest real estate markets and is able to invest heavily in its products and technology. Citi expects the latter to help underpin strong earnings growth over the medium-to-long term. In addition, it sees potential upside from stronger than expected monetisation of seller and mortgage leads and margin support from its flexible cost base. Overall, the broker is expecting this to lead to earnings ahead of consensus estimates in FY 2025 and FY 2026. The REA Group share price is trading at $194.87 today.

    Treasury Wine Estates Ltd (ASX: TWE)

    A note out of Goldman Sachs reveals that its analysts have reiterated their buy rating on this wine giant’s shares with an improved price target of $15.20. The broker was pleased with the company’s Penfolds update this week. And while it acknowledges that its FY 2025 Penfolds EBITS guidance was ~3.5% below consensus estimates, it believes investors should focus more on the medium term. It highlights that its ~15% CAGR in FY 2026 and FY 2027 EBITS excluding any price increases is strong. It also demonstrates management’s confidence in its execution despite the highly volatile consumer environment. All in all, the broker believes that the building blocks of its EBITS growth to FY 2027 is balanced and of high quality. The Treasury Wine share price is fetching $12.57 on Friday.

    Woolworths Group Ltd (ASX: WOW)

    Analysts at Morgan Stanley have upgraded this supermarket giant’s shares to an overweight rating with an improved price target of $37.00. This follows the release of the results of a major household survey which has made the broker more positive on the supermarket industry. It feels that the survey points to consumer trends that will result in better than expected same store sales in FY 2025. In addition, Morgan Stanley believes the results point to Woolworths being the biggest winner from these trends. As a result, it has elevated the company to be its top industry pick. The Woolworths share price is trading at $33.63 this afternoon.

    The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rea Group right now?

    Before you buy Rea Group shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Rea Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Treasury Wine Estates. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and REA Group. The Motley Fool Australia has recommended REA Group and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

  • Guess which ASX mining stock is rocketing on deal with lithium giant SQM

    a woman smiles as she checks her phone in one hand with a takeaway coffee in the other as she charges her electric vehicle at a charging station.

    Talga Group Ltd (ASX: TLG) shares are having a strong finish to the week.

    In afternoon trade, the ASX mining stock is up 13.5% to 64.5 cents.

    Why is this ASX mining stock surging?

    Investors have been fighting to get hold of the battery materials and technology company’s shares following the release of a big announcement.

    According to the release, Talga has entered into an earn-in agreement with lithium giant Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM). This agreement is for Talga’s Aero Lithium Project in Sweden.

    Under the binding agreement, Talga has granted SQM the right to sole fund exploration expenditure of up to US$19 million over the next seven years. This will give the Chilean lithium miner the rights to earn up to a 70% ownership interest in the Aero project. This is subject to Swedish foreign direct investment clearance.

    In addition, Talga will also be paid a management fee for each stage of the potential earn-in arrangement, and a success fee if a decision to mine on Aero is made. Talga retains all rights and obligations in relation to graphite minerals within Aero.

    The release also notes that SQM has completed extensive due diligence on Aero. This includes site visits, so it clearly likes the look of the project.

    And this may not be the only project that the two parties work together on. Under the agreement, they may agree to collaborate on potential new lithium areas and projects in Sweden.

    ‘Aero might be significant’

    Talga’s managing director, Mark Thompson, notes that the project could be significant for the European market. He commented:

    We are delighted to partner with SQM on our Aero lithium project in Sweden, which provides an important chance to build a European lithium supply for the green transition and EU localisation objectives. As one of the few potentially large-scale lithium hard rock opportunities in Europe, Aero might be significant to the region’s battery and electric vehicle industry.

    This sentiment was echoed by the CEO of the SQM International Lithium division CEO, Mark Fones. He commented:

    We are pleased to enter into this agreement, which represents our dedicated efforts to build a global and competitive lithium asset portfolio. Expanding into new and promising jurisdictions, such as Sweden, has been a strategic goal for us, and partnering with Talga, who has demonstrated expertise in the region, further enhances this achievement.

    The post Guess which ASX mining stock is rocketing on deal with lithium giant SQM appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Talga Resources Limited right now?

    Before you buy Talga Resources Limited shares, consider this:

    Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Talga Resources Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    And right now, Scott thinks there are 5 stocks that may be better buys…

    See The 5 Stocks
    *Returns as of 5 May 2024

    More reading

    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.