Russian servicemen equip an Iskander tactical missile system at the Army-2015 international military-technical forum in Kubinka, outside Moscow, Russia, June 17, 2015.
REUTERS/Sergei Karpukhin/File Photo
The US is considering deploying more strategic nuclear weapons, a senior Biden official said.
Russia, China, and North Korea are increasing their nuclear capabilities rapidly, said Pranay Vaddi.
The US must modernize its nuclear arsenal to deter threats and preserve stability, the official said.
The US is considering deploying more strategic nuclear weapons after years of post-Cold War cutbacks, a senior Biden administration official said.
Speaking at the annual meeting Arms Control Association (ACA) on Friday, Pranay Vaddi, the top National Security Council arms control official, said, "We may reach a point in the coming years where an increase from current deployed numbers is required. We need to be fully prepared to execute if the president makes that decision."
Vaddi warned that adversaries of the US, specifically referring to Russia, China, and North Korea,"are all expanding and diversifying their nuclear arsenals at a breakneck pace, showing little or no interest in arms control."
Along with Iran, these countries "are increasingly cooperating and coordinating with each other in ways that run counter to peace and stability, threaten the United States, our allies and our partners and exacerbate region tensions," he said.
Vaddi's comments contrast with the US government's position on nuclear proliferation outlined by National Security Advisor Jake Sullivan at the ACA meeting last year.
Sullivan said that the US did not need to "deploy ever-more dangerous nuclear weapons to maintain deterrence" or engage in a Cold War-style arms race.
"We've been there. We've learned that lesson," Sullivan said.
In February last year, Russian President Vladimir Putin withdrew from the 2010 New START treaty, which placed controls on the number of nuclear weapons that Russia and the US could have at their disposal.
The limits meant that neither country could have more than 1,550 deployed nuclear warheads.
Putin said that to resume treaty activities, the US would need to stop its support for Ukraine and force France and the UK to attend arms control talks.
At the time, President Joe Biden called Putin's decision a "big mistake."
Russian President Vladimir Putin delivers his annual state of the nation address at the Gostiny Dvor conference centre in central Moscow on February 29, 2024.
ALEXANDER NEMENOV via Getty
Last week, former Russian President Dmitry Medvedev threatened nuclear strikes on the West, Reuters reported.
The former president held office from 2008 to 2012 and currently serves as deputy chairman of Russia's Security Council.
Reuters reported that Medvedev said, "Nobody today can rule out the conflict's transition to its final stage."
Speaking about the growing threat of a nuclear conflict, Vaddi said, "We will have no choice but to adjust our posture and capabilities to preserve deterrence and stability."
"We need to persuade our adversaries that managing rivalry through arms control is preferable to unrestrained competition," he said.
Saudi Arabia's Neom megacity is facing some big challenges.
The kingdom has struggled to attract the foreign investment needed for the project, experts say.
They say the financial realities mean the project is unlikely to achieve its lofty goals.
Saudi Arabia's vision for its futuristic desert city, Neom, has always been the stuff of fantasy.
Touted as one of the most ambitious projects in the world, the megacity includes plans that could have been lifted from a sci-fi film. It features a high-tech linear city that will house more robots than people, a year-round ski resort featuring artificial snow, and theme parks that combine virtual and physical worlds.
When Crown Prince Mohammed bin Salman first revealed the high-tech project in 2017, it was met with some skepticism. Since then, details about the project have been relatively scarce, with planners reportedly bound by strict non-disclosure agreements.
Saudi Arabia's Crown Prince Mohammed bin Salman in Jeddah in March.
Evelyn Hockstein/Getty Images
But recently, a picture has emerged of a country beginning to feel the strain of its mighty ambitions.
"Neom was like was an imaginary city when it was announced," Kristian Coates Ulrichsen, a fellow for the Middle East at Rice University's Baker Institute for Public Policy, told Business Insider. "Now, they're finding it much more difficult to turn that imaginary vision into some sort of reality on the ground."
The main issue is the enormous cost of Neom. Saudi Arabia has struggled to attract the foreign investment needed for the megaproject, and experts say it's not likely to secure it anytime soon.
Lack of foreign investment
The kingdom was counting on foreign investment to fund a large part of Neom, but things have not gone entirely to plan.
"When Vision 2030 was announced back in 2017, the assumption had been a lot of the funding would come in from foreign investment — that didn't happen," Ulrichsen said.
The drive for foreign cash hit an early stumbling block in 2017.
The mass arrests spiraled into a full-blown purge and became the most contentious in the kingdom's modern history.
"The hotel basically became a detention recap of the Saudi business elites who might have been expected to be the ones partnering with foreign investors," Ulrichsen said. "Saudi foreign investment levels — they had been declining anyway — collapsed after this, and it's been very difficult for them to build back up."
In 2018, Saudi faced further global isolation after the brutal murder and dismemberment of dissident Jamal Khashoggi, a crime the CIA said was likely committed on Crown Prince Mohammed bin Salman's direct orders.
Jamal Khashoggi in London in September 2018.
Middle East Monitor via Reuters
"Generally, no one in the West wanted anything to do with the Saudis at this time, and investors pulled out in large numbers," Andreas Krieg, a Gulf specialist at the Institute of Middle Eastern Studies at King's College London, said.
Spiraling costs
The Saudi Public Investment Fund has propped up the lion's share of the financial burden — but officials at the sovereign wealth fund are reportedly getting nervous about the spiraling costs.
The official estimate for Neom is $500 billion, but planners have dismissed the figure as unrealistically low. Other estimates have put the projected costs at as much as $1.5 trillion.
In April, Bloomberg reported that the financial realities of the country's Vision 2030 plan, which includes Neom as its centerpiece, had started to cause concern within the government.
Krieg said Saudi Arabia's public spending bill was "extremely high," raising questions about wasteful spending on megaprojects. "Vision 2030 consumes a lot of money, and there's a lot of inefficiencies, especially when it comes to Western consultancy firms."
Renewed scrutiny
In April, the kingdom once again became the subject of international scrutiny over alleged human rights abuses.
An explosive BBC News report claimed Saudi Arabia had authorized the use of "lethal force" to clear the way for Neom. The area was mostly populated by the Huwaitat tribe, which traditionally dwelled on areas earmarked for the megacity.
In the wake of the report, human rights organizations began pressuring governments and businesses to act on the report — prompting at least one politician, UK deputy prime minister Oliver Dowden, to raise the allegations with the Saudi government.
Lina al-Hathloul, a human rights activist and head of monitoring and advocacy at human rights organization ALQST, told BI that Neom was being "built on Saudi blood."
"This project symbolizes the current state of the country: it was decided without the people's consent, and when they oppose it, they are sanctioned in courts that lack independence," she said.
The country has long tried to silence those who speak out against the project. Last summer, a Saudi woman was jailed for 30 years for criticizing Neom on Twitter.
"The reality behind such futuristic projects is the brutal repression of citizens and residents," said Dana Ahmed, Amnesty International's Middle East researcher.
"Businesses have a responsibility to conduct a thorough human rights risk assessment before operating in an environment that poses credible human rights risks, such as in Saudi Arabia."
At least one company has withdrawn from Neom over human rights concerns. Malcolm Aw, CEO of Solar Water, previously told BI that he had pulled out of a $100 million Neom contract because of alleged Saudi human rights abuses.
Drawing The Line
There's no doubt Saudi Arabia is barrelling ahead with The Line — the most prominent aspect of Neom.
According to executives, the number of people working on the project doubled in the past year. Satellite images provided to BI also show the extent of construction underway at the site.
But many questions remain about the project. Saudi Arabia has already reduced estimates for the number of people set to live in Neom by 2030, per Bloomberg.
According to Ulrichsen, many of the project's lofty goals have always been "moving targets," with several deadlines already pushed back.
As the Saudi government nervously eyes the ever-growing bill, Neom needs to generate enough excitement to attract foreign funds.
Despite the fresh scrutiny over human rights abuses, Krieg says that Saudi is now more palatable than ever on the international stage, and the outlook for the kingdom is positive.
Krieg said Neom's very premise was built on levels of foreign investment that now seem unlikely to ever materialize. Meanwhile, competition from Saudi's regional rivals such as Dubai and Abu Dhabi is heating up.
"There's been some Chinese investments, but they are nowhere near where they need to be," he said. "There's always going to be a shortfall of foreign investment in Saudi to pay for all of these projects."
Representatives for Neom did not respond to a request for comment from BI.
Joro spiders are an invasive species in the US, but they aren't as scary as they seem.
David Madison/Getty Images
Get ready for flying spiders the size of your palm. They could be coming to your neighborhood soon.
Joro spiders have been rapidly spreading across the southeast US, and are now moving north.
Though venomous, Joro spiders aren't harmful to humans and prefer to stay outdoors.
It sounds like the stuff of nightmares: venomous, monster-sized spiders floating through the air and invading the northeastern US this summer.
But some experts say invasive fruit flies can do more damage than the colorful Joro spider, AP News reported.
It's easy to understand why the spider sounds terrifying, though.
They can measure up to 3 inches with their legs spread, about the size of your palm and far larger than a quarter-inch house spider.
Giant spiders migrating to the Northeast US
Scientists say Joro spiders are adapted to colder climates like in Pennsylvania and New Jersey.
Cheri Sundra–Guerrilla Historian/Getty Images
Originally native to Asia, they've been rapidly moving across the southeast US since first appearing in Georgia around 2010, according to a study published last year in the journal Ecology and Evolution.
And the invasive species has been heading north, according to the study's authors. Once they arrive, people are likely to spot their webs — a distinctive golden color — in trees or on their porches, according to UGA Today.
"This spider is going to be able to inhabit most of the eastern US," David Coyle, a professor at Clemson University who worked on the research, told Clemson News in 2023 adding that "their comfort area in their native range matches up very well with much of North America."
Colder temperatures don't seem to bother them. The black-and-yellow spiders survive just fine in northern Honshu, Japan, where winter temperatures can reach between 25 and 32 degrees Fahrenheit, according to Penn State Extension.
"Barring some unforeseen circumstance, we expect the range of these things to continue expanding, likely to the north, and we've already seen that with some populations in Maryland," Coyle added.
Experts from NJ Pest Control predict that the spiders could arrive in New Jersey and New York this year, potentially as soon as this summer.
"It's not a matter of if, it's a matter of when," Russell Sieb, an entomologist and the owner of NJ Pest Control told Business Insider.
"They are going to make it up to the northeast at some point, and we think that they're going to be up here sometime this year," he said, adding that they've already been spotted in Baltimore.
A shy spider who prefers the outdoors
While Joro spiders are invasive, their full impact on ecosystems in the US isn't yet known.
Alex Sanz/AP Photo
Though the massive creatures are venomous, they aren't dangerous to humans beyond potentially causing a swollen, red bite, Sieb told BI. And they don't want to take a nibble out of you, anyway.
"They aren't looking to bite things they can't eat if they can help it," Jonathan Larson, University of Kentucky entomologist, said in 2022.
They're also not a danger to pets, and researchers have found they may be the "shyest" spiders ever documented.
Beyond their size, there's another characteristic of Joro spiders that makes them a little creepy: They can fly. Well, kind of.
'Flying' Joro spiders
Joro spiders can travel far by using their silk as a wind-sail. It's similar to flying.
Jean-Philippe Tournut/Getty Images
The orb-weaving arachnids don't have wings, but they can travel by "ballooning," a technique where they release a strand of silk that allows the wind to carry them. Sieb said they can travel around 3 miles using this method.
Luckily for arachnophobes though, Joro spiders typically don't want to go inside homes — they're outdoor pests that usually opt to form webs in open spaces like parks, ball fields, or suburban properties, though they may also seek out wooded areas or the doorways to buildings, Sieb said.
And, although the species is invasive, you probably won't be fighting off bazillions of them right and left.
"It's not going to be like any Alfred Hitchcock movie or anything like that with them all over the place," Sieb said.
Though they do live close to each other, Joro spiders don't seem to interact much with other individuals, per UGA Cooperative Extension.
"This is a predator," Sieb told BI. "So there's going to be a carrying capacity for the area. So you might have two on a property maybe, or not even two."
Just how these spiders will impact the ecosystems they invade is still an open question. Joro spiders love to eat another invasive species, lanternflies. However, there's no chance the spiders will help eradicate the plant-eating pest, per AP News.
"A lot of people think that this spider is destroying the ecosystem, and we actually don't think that, at least not yet," Andy Davis, an assistant research scientist at the University of Georgia, told UGA News.
Emily Levine is executive vice president at Career Group Companies.
Courtesy Emily Levine
Emily Levine is an exec VP at the recruiting firm Career Group Companies in Los Angeles.
Levine specializes in finding staff for A-list celebrities, wealthy clients, and top executives.
The firm uses NDAs to ensure confidentiality and avoid attention for high-profile clients.
Emily Levine, 36, is executive vice president at the recruiting firm Career Group Companies in Los Angeles. She finds people to work for A-list celebrities in music and entertianment, high-profile execs, and wealthy clients. The following has been edited for brevity and clarity.
I grew up in LA and have been running my practice at Career Group Companies for about 14 years. The way I started recruiting for some of the bigger names in Hollywood was by getting someone a job who had worked as a personal assistant to a celebrity or for an entertainment company. Then, when they would resign, they would introduce me as the resource to fill their old job.
Celebrities often find themselves in these difficult positions where so many people want to work for them, but they also want to weed out fans. Our clients are really looking for somebody who doesn't have ulterior motives to be in the limelight themselves.
Because well-known people can't just post online that they're looking for someone and sort through all the responses, they go to a more discreet service like us, where we handle these types of searches for the most high-profile people in the world.
The majority of my work is catering to ultra-high-net-worth individuals, family offices, and celebrities. I also work with the C-suite at major companies, though usually in entertainment. I still have my finance clients and fashion clients, but most of what I do is this celebrity niche.
How I find candidates
When it's time to fill a job, usually I'll get a text — a 911 text — that says something like, "Help, we need to find a personal assistant for this confidential person." Or I'll get a call or an email. Then, I do a job intake where I connect with either the talent themselves, a spouse, a family member, their business manager, or their agent to get a deep understanding of the problem I'm trying to solve. What does this person or what does this family need?
I get details — from somebody's compensation to what the schedule will look like. Does it involve travel? Do they need experience being a family assistant or nanny? Will this be a chief of staff or an estate manager job? I have a roster of candidates looking for jobs. I then go play matchmaker.
We have a lot of candidates who know that Career Group Companies is a place to get a job like this. They're applying on our website. I'll get DMs through my Instagram. People will contact me on LinkedIn.
Our job postings are vague. That's intentional because we're under such strict NDAs with our clients. Based on conversations I have with applicants — and on social media checks that I do — I can determine who I feel is suited for this line of work.
With the social media checks, it depends on the celebrity I'm recruiting for, but most people would shy away from applicants with too large of a social presence. Clients would love someone who isn't looking to be in the limelight themselves. It feels like, "Oh, no, is this person going to try to use this job as a stepping stone to become famous, to go on a reality show, or to write a tell-all book?"
People get really concerned about confidentiality and discretion. They want to bring people into their orbit who don't attract much attention.
I have a roster of great, pre-vetted people I can call when I get a job that I feel would be a good fit. I'll connect with a candidate over Zoom. I meet with them, and a few other people on my team will also meet with the applicant. We ask similar but different questions and compare notes.
I'll then send some résumés to a client. The client might ask who are the top two or three candidates based on the résumés I've sent. Someone on the client side might do a Zoom with a candidate. Then, maybe another member of the client's team might grab a coffee with the candidate. Then, they'll typically take the top two and introduce them to the client.
If a candidate gets selected for an interview — even an initial one — I'll send them an NDA. I recently had a client who wanted me to send the candidate a generic NDA. Because if I sent the client's NDA, it would be divulged in the document who the celebrity was. Then, if the candidate moves forward in the process, the client would use their specific NDA.
What I look for
Somebody's résumé tells a story. If they have a new job every six months or every year, it becomes apparent that it could be an issue with the candidate and not previous employers.
Clients really gravitate toward candidates who exemplify loyalty and longevity because even when a job gets hard — and these jobs are very difficult — the client wants to know that their executive right arm, their personal assistant, is going to stick with it.
I tend to find people with experience working in the industry or for high-profile executives. If somebody wants to become an executive assistant to a celebrity, there are certain paths you can take. A talent agency can be a great entry point to this world because it's competitive and fast-paced. Agents can be difficult. You're operating with intensity, and there are many high-profile people around you.
Candidates with this experience usually aren't starstruck because they're already in the industry. They need to be able to handle sensitive information and be a strong communicator. I find that the talent agency route is like executive assistant boot camp.
I also often find that people who were involved in sports in college or high school are super collaborative. They're usually good team players and really determined, disciplined people. In any case, I really need to get to know the candidates to understand their character.
Interviewing — with a celebrity or not — can be nerve-racking for most people. Then add on top of it that you're sitting across from someone that you recognize, and you feel like you know them, but you don't. It can add an extra element of stress.
What it takes to succeed
People need to be pretty flexible to take on a role like this because it typically involves a 24/7 schedule, long hours, and the ability to travel. The executive assistants might have responsibilities around photoshoots, security, the media, stylists and wardrobe, brand partnerships, and agents and managers.
Even if you've been at a talent agency, working in someone's home is much more intimate. Respecting somebody's privacy is key. You're literally in their kitchen or bedroom or traveling with them on their plane. So, it means really understanding that there needs to be a firm boundary between friendship and employer-employee. Often, that line can get blurred.
Career Group Companies has hundreds of celebrity clients. We fly under the radar because we have ironclad NDAs. Some of the clients I've worked with include Kevin Costner, Scooter Braun, Maria Shriver, and the Kardashian-Jenner family.
I've also worked with corporate clients like Imagine Entertainment, Tiffany & Co., Endeavor Group, and Paramount Pictures. With some of these companies, we'll staff their corporate offices, but also the celebrity's homes.
Depending on the size of someone's team, we can be recruiting for a celebrity who has a chief of staff and estate managers. The estate manager oversees housekeepers, chefs, gardening and landscaping crews, pool people, butlers, a driver, and security.
Then you have a chief of staff overseeing perhaps four executive assistants, people who run errands, and the nannies. Then you have people who might have a production company, skincare line, or denim brand. I am tasked to staff their receptionist, HR manager, and their head of design. The list goes on.
I handle these searches with just as much care as I handle my financial services searches because, at the end of the day, whether someone's an investor or an NBA player, I'm dealing with people. It's really the same across the board, but this one gets more attention because people are naturally curious about celebrities.
I ordered the Samurai McSpicy from McDonald's Thailand.
Grace Dean/Business Insider
McDonald's has a restaurant in Chicago that sells items from its international menus.
When I visited, the lineup included dishes from Spain, Thailand, Hong Kong, Finland, Japan, and Canada.
My Thai spicy chicken sandwich was delicious, but the speedy table service was even more impressive.
McDonald's has more than 40,000 restaurants across the world. But one of its Chicago locations has a menu that makes it stand out from the rest.
The McDonald's in Chicago's West Loop looks unassuming from the outside. It's sleek, modern, and very clean, but there's nothing to set it apart from the chain's other modern-image restaurants.
The restaurant looks like a normal McDonald's from the outside.
Grace Dean/Business Insider
But the restaurant, located underneath the burger chain's headquarters, is actually a one-of-a-kind McDonald's that sells menu items from the chain's vast empire of restaurants around the world.
The restaurant sells McDonald's items from restaurants around the world.
Grace Dean/Business Insider
As well as items from McDonald's regular US menu, the restaurant has a rotating range of "global favorite" dishes.
You don't just have to order international items.
Grace Dean/Business Insider
These were advertised heavily on digital screens throughout the restaurant.
McDonald's advertised the items on screens throughout the restaurant.
Grace Dean/Business Insider
This was the global line-up when I visited the restaurant in mid-May. The menu featured three burgers, a portion of fries, an ice cream, two doughnuts, and three flavors of McPops. The items came from McDonald's menus in Spain, Thailand, Hong Kong, Finland, Japan, and Canada.
Items included McShaker Fries with taco seasoning from McDonald's Finland.
Grace Dean/Business Insider
I opted for the Samurai McSpicy chicken sandwich from Thailand. Like with other burgers and sandwiches, you could turn it into a meal.
You could upgrade your sandwich to a meal.
Grace Dean/Business Insider
You could also customize the sandwich. I added pickles and tomato, the latter of which came with a $0.39 price tag. The sandwich came to $7.38, or $8.25 after tax.
My sandwich, with added pickles and tomato, came to $7.38 pre-tax.
Grace Dean/Business Insider
The global menu burgers were priced similarly to the items from McDonald's core US menu, which surprised me. I had expected higher prices — I'm sure that diners would have paid a few extra dollars to be able to sample the chain's international cuisine.
The global menu burgers were priced similarly to McDonald's core US menu.
Grace Dean/Business Insider
When I completed my order at the digital kiosk, I was told to take a number and place it on my table. I don't eat at McDonald's often, and I'd never been to one with table service before.
I had to take a table number.
Grace Dean/Business Insider
While I waited for my food, I looked at the decor. The restaurant seemed quiet for a Saturday night and was impressively clean.
The restaurant was quiet when I visited.
Grace Dean/Business Insider
There was a range of seating options, and I liked these sleek light fittings.
The restaurant's decor was very modern.
Grace Dean/Business Insider
One part of the restaurant contained a long table with 18 stools and a door so that it could be closed off. I wondered if McDonald's used this for private company events.
There was a long table with 18 stools.
Grace Dean/Business Insider
Though you could order at a cashier, there was an emphasis on digital kiosks, which typically bring in bigger revenues for restaurants. There were QR codes on each table so you could order from your phone, too.
The restaurant had more than a dozen order kiosks.
There were also dedicated shelves for customers to collect mobile orders they'd placed in advance.
There was a dedicated pickup station for mobile orders.
Grace Dean/Business Insider
On one wall, McDonald's had a large world map, with Golden Arches that the chain previously said were lit up to indicate which countries were included in its current global menu. When I visited, all the Golden Arches were lit up apart from the one over Russia. McDonald's sold its Russian business in 2022 after the country invaded Ukraine.
It took less than five minutes from me placing my order for it to arrive at my table. I was very impressed by the speedy service. Though I hadn't ordered a drink, it was served with a cup of water.
My food arrived very quickly.
Grace Dean/Business Insider
Sadly the sandwich was served in a plain ol' box. For many products, McDonald's has custom packaging.
The packaging was lacklustre.
Grace Dean/Business Insider
The only part of the presentation advertising my meal as anything out of the ordinary was this piece of paper covering the tray.
Only the paper gave away that it wasn't a normal McDonald's restaurant.
Grace Dean/Business Insider
This is what my sandwich looked like. My first thoughts were "that's a lot of lettuce" and "this is going to be messy." The sauce had already oozed onto the box.
The box was packed full of lettuce.
Grace Dean/Business Insider
The sandwich was made up of a McSpicy patty, teriyaki sauce, mayonnaise, and lettuce, served in a sesame seed bun. I'd added on pickles and tomato.
The sandwich had a generous portion of teriyaki sauce and mayonnaise.
Grace Dean/Business Insider
The sandwich was dripping with teriyaki sauce. I have a low spice tolerance, but the sweet and sticky sauce and mayonnaise meant that the McSpicy patty wasn't as hot as I'd expected.
The sandwich was delicious.
Grace Dean/Business Insider
It was a delicious burger. I really enjoyed it, but it was perhaps a bit too messy thanks to all the sauce — and there was simply too much lettuce to hold in the bun.
A lot of the lettuce escaped from the sandwich.
Grace Dean/Business Insider
I decided to get a dessert, too. Sadly, quite a few of the desserts from the McCafé menu were out of stock. I opted for a pack of three White Chocolate McPops from McDonald's Spain for $3.99, or $4.46 after tax.
Some of the desserts were out of stock.
Grace Dean/Business Insider
This time, there was just two minutes between me placing my order and it arriving at my table. And, once again, it was served with a glass of water.
My McPops were brought to my table, too.
Grace Dean/Business Insider
The McPops were slightly smaller than the palm of my (pretty small) hand. They were essentially doughnut dough with a gooey filling inside.
The McPops were fun-sized.
Grace Dean/Business Insider
They tasted fine but, if I'm honest, quite boring. I would have liked them to contain more of the white chocolate filling, too. I regretted not ordering the Boston Cream Donut from the Canadian menu or the Hot Fudge Waffle Cone from Japan.
I regretted my choice of dessert.
Grace Dean/Business Insider
Overall, visiting the global menu restaurant was a fun experience. I would have liked to have seen a wider range of international items — perhaps some drinks or another side in place of some of the desserts. McDonald's France, for example, sells a range of company-branded flavored water and McDonald's Germany sells chili-cheese pops.
The restaurant looked like a normal McDonald's from the outside.
Grace Dean/Business Insider
The Samurai McSpicy tasted great, but what blew me away was the speedy table service. It was a new experience for me and I was very impressed.
Billionaire Larry Connor will travel to the Titanic shipwreck site in a two-person submersible.
Connor's voyage comes after OceanGate's submersible imploded in June 2023.
Connor is a thrill-seeker who set a world record jumping from a hot air balloon.
An Ohio billionaire who's flown to space and explored the Mariana Trench has set his sights on a new adventure: the Titanic shipwreck.
Real estate investor Larry Connor, 74, will take the ocean voyage with Patrick Lahey, cofounder and CEO of Triton Submarines. The submersible manufacturer confirmed their collaboration in a May Instagram post, calling it "groundbreaking."
The pair told The Wall Street Journal in May that they would travel to the Titanic wreck site to prove it can be done safely after last year's OceanGate tragedy.
OceanGate CEO Stockton Rush and four other passengers died after the company's Titan submersible imploded on the way to the Titanic shipwreck site.
"I want to show people worldwide that while the ocean is extremely powerful, it can be wonderful and enjoyable and really kind of life-changing if you go about it the right way," Connor told the outlet.
Even before announcing his deep-ocean ambitions, Connor has sought thrills on land and in Earth's orbit.
Here's what we know about Connor.
Connor is a real estate investor who founded The Connor Group, which has $5 billion in assets.
Aerial view of Miami, Florida, where The Connor Group has properties.
Cliff Hawkins – FIFA/Getty Images
Connor's entrepreneurial mindset led him to the real estate industry in 1991, when he launched Connor, Murphy, and Buhrman with only one investor, according to his company bio.
He later bought out his partners and, in 2003, created the luxury real estate investment firm The Connor Group, which is based in Ohio.
He has a $2 billion net worth, according to Forbes.
The firm's website says The Connor Group specializes in luxury apartment communities with more than $5 billion in assets in 18 US markets.
The Connor Group — with over 1,300 investors — has properties in Atlanta, Chicago, Charlotte, Miami, Phoenix, Louisville, and more.
He founded The Greater Dayton School.
The Greater Dayton School educates children from Pre-K to 8th grade.
FatCamera/Getty Images
The Greater Dayton School is described as "Ohio's first non-religious private school for under-resourced students" on The Connor Group's website. The official campus opened for students in November 2023, according to the school's website.
The school's website said 105 children were enrolled in Pre-K through fourth grade as of October 2023.
Connor is also passionate about racing and has over 70 wins.
Larry Connor is an accomplished racer.
Robert Laberge/Getty Images
Connor's bio said he's a "two-time winner of the Baja 1000 and Baja 500 in the Trophy Truck Spec class."
He also claimed first place at the Formula Atlantic National Championship in 2001 and 2002 before emerging victorious at the Petit Le Mans in 2003, his bio says.
Connor visited Mariana Trench, the deepest known place on Earth, in April 2021.
The Mariana Trench.
Dimitrios Karamitros/Getty Images
Connor's upcoming voyage to the Titanic shipwreck site won't be his first time traveling with Lahey.
The pair completed dives to the Sirena Deep, the Challenger Deep, and a seamount in the Mariana Trench over five days in April 2021, according to The Connor Group.
Connor and Lahey used the Triton 36000/2 designed by Triton Submarines. A press release from Triton Submarines said Connor and Lahey "gathered high-quality video footage and samples in the 'hadal zone,' or the area of the ocean below 20,000 ft. — the final frontier of exploration on Earth."
Scientists planned to study the information Connor and Lahey gathered on their trip for medical, commercial, and evolutionary research.
He piloted a flight to the International Space Station one year later.
The International Space Station (ISS).
NASA/Reuters
Connor became the first private astronaut pilot in April 2022 when he flew members of Axiom Mission 1 to the International Space Station, his firm says. The four-person crew flew aboard a SpaceX Crew Dragon spaceship on April 8 and returned to Earth on April 25.
NASA and aerospace startup Axiom Space first announced the flight in May 2021.
"While on board the ISS, the crew completed 25 different experiments, logging over 100 hours of research," a press release from The Connor Group read. "Larry partnered with renowned medical experts at Mayo Clinic and Cleveland Clinic on four different experiments to study the heart, brain, spine and aging."
He made a world-record jump from a hot air balloon in September 2023.
Larry Connor broke a world record HALO skydiving.
AscentXmedia/Getty Images
Connor and four other men hold the Guinness World Record for the highest HALO — high altitude, low opening — formation skydive at 38,139 feet. The crew set the record in September 2023.
"Larry and the Alpha-5 Team prepared for over one year to make the HALO formation skydive. They jumped from a hot air balloon and made the jump to support the Special Operations Warfare Foundation (SOWF) charity," the Guinness World Record website says.
An Idaho town lost more than $1 million to scammers.
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Scammers tricked Gooding, Idaho employees into sending over $1 million to fake contractors.
The payment was intended for a wastewater project but was diverted into the criminal's account.
The Gooding Sheriff's Office and FBI are investigating, but recovering the money could be tough.
A small Idaho city just accidentally gave away over $1 million.
Officials in Gooding said this week that an employee sent a payment of $1,092,519 meant for contractors working on a wastewater project, but it went to scammers instead.
According to a city press release, the scammers impersonated representatives ofa contractor hired by city officials, using a tactic called "social engineering" to gain the employee's trust.
In the Idaho case, after the scammers gained the trust of the employee, they told the employee the bank information needed updating before sending payment.
"In this case, the request to change payment information was done with legitimate appearing documentation," city officials said. "The conspirators then waited for the city to transfer the vendor payment. After the funds were unknowingly deposited in the scammers' account, they were diverted to a different account."
The city's bank says it hasn't recovered the funds yet.
It's notoriously difficult for banks and law enforcement to recover money lost to scammers. Police in Florida said they were only able to recover about $40,000 after an older woman lost over $400,000 in a fake sweepstakes scam in April.
"You go obtain subpoenas and then the bank takes their time about getting data back, the money is gone, long gone," the local sheriff said during a press conference at the time.
If you lose money to a scammer, the Federal Trade Commission recommends asking whatever payment service — credit card, bank, or transaction app — you sent the money through to help recover the funds.
The Gooding Sheriff's Office and the FBI are investigating the incident, the city said.
The FBI Salt Lake City office — which oversees investigations in Idaho — did not immediately return a request for comment from Business Insider.
American Airlines' new hire pilots spend about three weeks doing ground and simulator training before flying passengers.
Mike Stone/Reuters
American Airlines employs more than 15,000 pilots to fly its fleet of Airbus and Boeing planes.
New hires spend 19 days doing ground and simulator training before flying passengers.
Students train for everything from wind sheer and go-arounds to engine and hydraulics failures.
Airline pilots, who are responsible for hundreds of lives daily, dedicate years of training and studying to earn their seats in the cockpit.
Most start their careers flying smaller jets at regional airlines and build up to flying Airbus and Boeing planes at the mainline carriers. Before they can fly passengers, however, new hires must complete weeks of ground and simulator training.
The flight academy provides new hire, recurrent, and upgrade training. The minimum flight hours needed to be hired is 1,500, though airlines typically prefer more time.
Taylor Rains/Business Insider
"It's not a cakewalk; it's challenging," he said. "We put our pilots into stressful situations, and that's good because when they leave here, we want them to not only have the competence but the confidence to go out into the operation and do what the airline asked them to do."
New hires must complete about three weeks of ground and simulator training
Johnson said about 2,100 new pilots were hired by American in 2023, who joined the company's roster of some 15,000 others.
Most new hires will train to fly American's Boeing 737 or Airbus A320 family narrowbody airplanes. To earn their type rating, they must spend 19 days completing ground and simulator training, Johnson said.
The first half of the new hire course includes eight days of ground school, followed by an evaluation day.
The flight academy, which is open 365/24/7, has several classrooms and "visual flight trainers" that new hires use during the ground course to prepare for the FAA-approved tests.
"You need to show you can do things like set up different types of approaches and complete an originating pre-flight," Johnson said.
The visual flight trainers are simulators without movement or physical buttons and switches, which have been placed with touchscreens.
Taylor Rains/Business Insider
Once new hires complete the first phase of training, Johnson said they will spend five days in American's giant, multimillion-dollar full-motion simulators.
The 39-strong fleet of simulators is as close as possible trainees can get to flying a real jet from the ground.
These machines can simulate nearly every possible movement in a passenger jetliner, such as turbulence, wind shear, and landing. The latter involves a pitch-down motion to make it feel like the trainees are stopping.
The simulators run from 5:30 a.m. to 12:15 a.m. This includes 15-minute breaks for the sim techs to work on the machines with any enhancements or repairs needed to keep them running.
Taylor Rains/Business Insider
"We want trainees to feel really confident with their skillset to fly around weather, be able to make the decision to divert, and know what to do when they have a medical emergency," he said, among other responsibilities.
I experienced a 787 flight simulator, and it was as real as it gets
American let me experience a Boeing 787 Dreamliner simulator and its full movement. It was as realistic as I imagined, simulating everything from takeoff and cruise to emergency alarms and landing.
Captain Mark Torres explained how pilots use tools like the plane's heads-up display and flight management system to monitor and command the aircraft.
Taylor Rains/Business Insider
A 787 instructor flew a simulated trip from Seattle-Tacoma International Airport to Mount Rainer and back, showing me how pilots use systems like the heads-up display, the flaps, and the autopilot.
Johnson said the training sessions last four hours and are split into two two-hour blocks with a short break in between. Two new hires will train together and switch between the roles of pilot monitoring and pilot flying.
Simulator training covers every phase of flight, with some sessions focusing on specific scenarios, such as go-arounds, slow flight situations, and steep turns.
After the session, the instructor and two pilots will debrief the training, discussing what they did well and what needed work.
Taylor Rains/Business Insider
Instructors will also throw emergency situations at the new hires, like engine and generator failures, flaps that don't extend properly, and pitot tubes that get blocked and give an unreliable airspeed.
"You've got sirens and clackers that you cannot silence, all those distractions," Johnson said, who has about 20,000 hours of flight time under his belt piloting everything from the MD-80 to the 787. "We train for all of it."
After those five days, the new hires will complete a few more evaluations before operating a simulated gate-to-gate roundtrip flight. This is all in preparation for the final type-rating test, which is conducted by the FAA at the academy in partnership with American.
American's most senior widebody captains make $447 per hour
Once pilots pass all of their necessary checks and have their type rating on the jet they trained to fly, they start their "operating experience," or OE.
Johnson said OE involves flying 25 hours of revenue passenger flights with a check airman, who is a specific instructor authorized to conduct line evaluations.
American's new-hire first officers make $116 per hour base pay.
CHARLY TRIBALLEAU/AFP via Getty Images
"All of the new hires we trained at American in 2023, 96% of them went through training without any additional time," he said. "That's a testament to our instructors."
Still, the schooling never stops. Veteran pilots complete recurrent training every year to maintain their proficiency and skills. Their seniority at American — and at Delta and United, for that matter — comes with a pretty paycheck.
At the US' three largest airlines, new-hire pilots start with a base pay of $116 per hour, or $111,000 yearly. 12-year widebody captains can make up to $447 per hour, or about $430,000 a year.
That's before per diem, bonuses, and other extra pay.
Americans aren't happy with flight prices, but they're much more affordable than they used to be.
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Adjusting for inflation, airfares are much more affordable than they were nearly 30 years ago.
But plenty of Americans remain frustrated by flight prices.
BI asked experts why inflation-adjusted airfares have fallen and why some people haven't noticed.
The last time you bought a plane ticket, you probably got a better deal than you realized. That's because, believe it or not, airfares are much more affordable than they were three decades ago.
In 1995, the average US domestic airfare was $292 — excluding optional fees, like ones related to baggage — according to the Bureau of Transportation Statistics. In 2023, the average fare was $382, up over 30% from 1995. However, the story changes dramatically when adjusting for inflation. In 2023 dollars, the average airfare fell from $584 to $382 between 1995 and 2023, a nearly 35% decline.
"There's little doubt in my mind that people think airfare is at historic highs and getting more expensive," Scott Keyes, an airline industry expert and the founder of travel-membership service Going.com, told Business Insider via email. "We are living in the golden age of cheap flights, but few people recognize it."
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Additionally, Mike Daher, a transportation expert at Deloitte, said in a report published in May that there's "a perception that airfares and room rates are high, and some Americans are sitting out travel this summer as they look for softer pricing."
It's not just domestic flights that have gotten more affordable. Keyes said international inflation-adjusted airfares for US passengers have also generally fallen over the past decade.
Frustrations over flying costs could be among the reasons the share of Americans with a negative opinion of the airline industry is at the highest level since 2011, according to a Gallup survey of over 1,000 US adultsconducted last August. The federal government seems to have taken notice. In January, a federal judge blocked the JetBlue-Spirit Airlines merger after the Biden Administration raised concerns about the impact it would have on flight prices. In April, the Department of Transportation announced a rule it said would protect consumers from "surprise junk fees" — such as the costs of additional baggage and reservation changes —and save fliers over $500 million a year.
To be sure, any frustrations about airfare prices haven't stopped many Americans from flying. When pandemic restrictions eased, Americans unleashed their pent-up travel demand on the airline industry.And that momentum has continued: on May 24, TSA officers screened nearly three million passengers, a record figure.
Still, the overall decline in actual airfare prices over the last two years suggests passenger demand "seems to have subsided" a bit, Kerry Tan, a professor of economics at Loyola University Maryland, told BI via email. He said this suggests demand could be normalizing and that some Americans balked at 2022's uptick in flight prices — even though tickets remained more affordable than pre-pandemic levels when adjusted for inflation.
Going forward, airlines will continue to be impacted by Americans' perception of flight prices. To the extent this perception influences Americans' broader feelings about inflation and the economy, it could play a role in the presidential election this fall.
Business Insider spoke with airline industry experts to learn why inflation-adjusted airfares have fallen over the past two decades — and why some Americans don't seem to have noticed.
Why flights have become more affordable
Airline industry experts told BI that one of the biggest factors driving down inflation-adjusted airfares is the rise of lower-cost, budget airlines.
In 2000, United, American, and Delta flights accounted for 73% of US domestic passengers, according to an analysis of Department of Transportation data by the trade association Airlines for America. By 2023, their share of passengers had fallen to 52% as lower-cost airlines like Southwest, JetBlue, Spirit, and Frontier emerged.
This development led to cheaper airfares through what airline insiders call the "Southwest Effect."
"When researchers have studied airfare, they've found that when a low-cost carrier like Southwest or Spirit begins flying a new route, fares fall an average of 20% on all airlines operating that route," Keyes said. "That's because price is by far the most important factor for leisure travelers' purchase decision, and so competition from new airlines — especially low-cost carriers — drives down fares across the board."
Keyes said another factor that has pushed down fares is "more and larger airplanes."
In addition to having more planes in their fleets than they used to, airlines have retired smaller planes in recent decades and replaced them with larger aircraft. In 2005, 11% of commercial airplanes had at least 151 seats — compared to 48% as of 2023.
"Larger planes, better fuel efficiency, and more seats are lowering the overall flight costs for airlines, and those savings are being passed onto travelers," Keyes said.
Despite the competition of cheaper airlines — and the lower inflation-adjusted fares they helped bring about — airlines like United, American, and Delta haven't suffered for it financially.
"The decline in inflation-adjusted airfares appears to be uncorrelated with the financial performance of the 'big three' airlines," Tan said.
Keyes said the years between 2015 and 2019 were "among the most profitable ever" for US airlines. He said declining inflation-adjusted fares haven't hindered airline profits because their business models aren't as reliant on ticket revenue as they used to be.
"Today, airline revenue comes primarily from sources other than economy tickets," he said. "This includes premium cabin revenue, credit cards, business travel, ancillary fees, cargo, and other sources."
Why Americans don't feel like they're getting a deal on airfares
If airfare prices are more affordable than they used to be, there could be several explanations why Americans remain frustrated.
"Consumers may not always think about inflation-adjusted airfares, so their frustration could be due to the higher nominal level of prices," Tan said. "It could also be that travelers are more frustrated by their travel experience as there's been a slight increase in flight delays since the COVID-19 pandemic."
It's also possible that after airfare prices plummeted due to the pandemic, 2022's swift rise in airfares caught Americans off guard. In September 2022, airfares rose roughly 43% compared to the prior year, the highest rate on record.
Additionally, airfare isn't the only cost of flying — many passengers pay fees for things like extra baggage and seat assignments. These fees can be tacked on well into the booking process, something the Biden Administration is trying to crack down on. Fourty-four percent of Americans said they at least sometimes pay more for airfares than the initial price they were shown, according to a YouGov survey conducted last July. This year, United, American, and Delta have each raised their checked bag fees.
But while these fees may be costly to some customers, Keyes said they haven't done much to offset the decline in inflation-adjusted airfares. The Airlines for America analysis found that including fees for baggage and reservation changes, the average US roundtrip ticket was $406 in 2023. Since 2010, only 2020 and 2021 offered more affordable flights — much of which was due to the decline in demand tied to the pandemic.
It's alsopossible the rising prices of goods and services across the US economy have left Americans with less money to spend on airfares, which is what's making their plane tickets feel particularly expensive. Some people have stuck with their pandemic habit of booking flights only a few weeks in advance due to uncertainty surrounding their travel plans,Hayley Berg, Hopper's lead economist, told NerdWallet. She recommended booking at least one month in advance to get lower airfares.
For some Americans, plane tickets are among the most expensive purchases they make on a semi-regular basis, something that could make people particularly sensitive to price increases. For others, flying is something they rarely do — which could make them less likely to notice a decadeslong shift in inflation-adjuted prices.
Lastly, the unpredictable nature of airfare price swings could be frustrating for consumers, Keyes said. And when it comes to economic issues like travel costs, it's not uncommon for Americans to have negative feelings that don't jive with the data.
"Airfare is the single most confusing and volatile purchase we regularly make," he said. "Combine that with negativity bias and it's no surprise that even as airfare hits historic lows, people are more likely to think it's at historic highs."
Have you found a creative way to save money on travel or flights? Are you willing to share your story? If so, reach out to this reporter at jzinkula@businessinsider.com.
The Apple Vision Pro was announced during an Apple event, the company's latest Worldwide Developers Conference.
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Apple hosts multiple events every year, including the company's Worldwide Developers Conference. These events are usually where new Apple products are announced, as well as product updates and keynote addresses from company leadership.
Apple's WWDC24 event will be held at Apple's headquarters — known as Apple Park — in Cupertino, California, on June 10, at 10 a.m. PT/1 p.m. ET. The event is invite-only, and those who wish to attend must apply directly to Apple well in advance.
The 2024 event is expected to unveil a major operating system upgrade with iOS 18, and most likely some new AI features.
Invitation applications are already closed for WWDC24, but you can still watch the keynote. Apple livestreams it on its website, YouTube channel, the Apple Developer app, and the Apple TV app.
Here's a timeline of some of Apple's most iconic events:
1983: Lisa debuts
The first WWDC was held in 1983. At the time, it was called the Apple Independent Software Developers Conference. Attendees got a glimpse of the first personal desktop computer with a graphics interface, called Lisa, named for co-founder Steve Jobs' daughter.
1984: The Mac debut
Apple debuted the Macintosh computer at an event in 1984. The Mac featured a graphical user interface, known as GUI, and a navigational mouse.
1997: Jobs returns
When Steve Jobs returned to Apple in 1997, he walked on stage during a keynote to a roaring applause. He co-founded the company two decades earlier but was fired by the company's board in 1985. His return spurred a turnaround for Apple, which was facing bankruptcy at the time.
1998: First iMac introduced
Apple's introduction of the first iMac in 1998 was a hit with event attendees. With its colorful design and user-friendliness, the iMac was the first computer that "seemed cool and wasn't focused on the enterprise."
1999: Wi-Fi demo
At a 1999 event, Jobs made a show of demonstrating the iBook's Wi-Fi capabilities. He picked up the laptop and walked around while browsing the web.
2011: iPod revealed
During a 2001 intimate event, Apple CEO Jobs revealed the iPod. The pocket-sized product moved people away from CD players to MP3 players, and then to the music streaming that's ubiquitous today.
2007: Going 'ballistic' for the iPhone
When Jobs unveiled the iPhone in 2007 and described it as "an iPod, a phone, and an internet communicator" in one device, conference attendees "went ballistic." The iPhone remains Apple's best-selling product.
2010: The unveiling of the iPad
Apple unveiled the iPad in 2010, and the audience at the keynote address was surprised to learn that it only cost $499, about half as much as many people expected.
Also, at an event that year, Jobs demonstrated FaceTime for the first time.
2011: Cook takeover
Tim Cook took over as Apple CEO in 2011, following Steve Jobs' death. At an event that year, Cook introduced the Apple Watch, a new product category for the company. Cook used Jobs' iconic catchphrase, "one more thing," during the announcement.
2016: AirPods debuted
Apple unveiled its wireless AirPods in 2016 after the company had announced plans to remove the headphone jack from its iPhones.
2023: Mixed-reality headset
At its 2023 WWDC in June, Cook revealed the Vision Pro, the company's first mixed-reality headset. It was Apple's first major product release since the Apple Watch. The headset was released in the US in early 2024 with a $3,499 price tag.