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February is the last month PlayStation Plus subscribers can get free games on PlayStation 3 and PS Vita

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Metal Gear Solid 4

  • Sony will stop offering free PlayStation 3 and PlayStation Vita games to PlayStation Plus subscribers on March 8th, 2019.
  • Since June 2010, PS+ subscribers have received multiple free games every month for PlayStation 4, PS3, and Vita.
  • The final batch of free PS3 and PS Vita games will be released February 5th and will include "Metal Gear Solid 4: Guns of the Patriots,""Divekick,""Gunhouse," and "Rogue Aces."

Starting in March, PlayStation Plus members will no longer receive free games for PlayStation 3 and PlayStation Vita with their subscription each month, though Sony will continue to offer free PlayStation 4 games.

Sony has offered PS+ subscribers free games since June 2010 with a program called Instant Game Collection. Every month, Sony gives PS+ members a small selection of games to choose from. All the games are theirs to keep, so long as their subscription is active, and they add the games to their library before the month is over. Since the start of the program, Sony has given away more than 600 different games to PS+ subscribers.

For PlayStation 4 owners, the PS+ service is required to play games online, but the instant game collection was meant to encourage PlayStation 3 owners, who can play online for free, to pay for a subscription, too. PS+ is $60 per year, and the value of the free games certainly covers the price of the membership over the course of 12 months.

With Sony already working on the PlayStation 5, the company announced that the free PS3 and Vita games would be discontinued in March 2019.

Read more: The 5 biggest things to expect from PlayStation in 2019

The final batch of PlayStation 3 and PlayStation Vita is headlined by "Metal Gear Solid 4: Guns of the Patriots," a PlayStation 3 exclusive that remains unplayable on the PlayStation 4 or any other console. The other free PlayStation 3 game is "Divekick," a two-button fighting game that is also playable on PS4. The two free Vita games are "Gunhouse" and "Rogue Aces," both of which are playable on PS4.

PS+ subscribers can download all of these games for free in the PlayStation store starting February 5th. Sony will also offer two free PlayStation 4 games, "Hitman" and "For Honor." The games will remain free until March 8, when Sony plans to offer a new batch of PlayStation 4 games, and discontinue free PS3 and Vita games for good.

SEE ALSO: The 5 biggest things to expect from PlayStation in 2019

NOW READ: The next PlayStation is already in the works, says Sony's new president

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NOW WATCH: Jeff Bezos is worth over $100 billion — here's how the world's richest man makes and spends his money


Food and concession prices at the Super Bowl will be ridiculously cheap compared to previous years

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Atlanta concessions

  • The Patriots and Rams will meet at Mercedes-Benz Stadium in Atlanta to play in Super Bowl LIII on February 3.
  • Fans attending the game will be treated to the stadium's "Fan First Menu Pricing" which includes $2 hot dogs, $3 nachos, and $5 beer — a massive improvement on concession prices compared to recent Super Bowls.
  • The affordable concessions are part of the stadium's plan to keep fans happy, and could potentially become a trend that many teams in the league soon follow.
  • Check out all of Business Insider's Super Bowl LIII coverage here.

Super Bowl LIII is officially set, with the Los Angeles Rams and New England Patriots meeting at Mercedes-Benz Stadium on Sunday, February 3 to battle for the Lombardi Trophy.

Tickets for the big game are always expensive, and fans looking to attend the game in person can expect to be set back at least $3,000 or so just to get in the door.

Read more: Here's how much Super Bowl tickets cost, less than 2 weeks from game day

But this year there's at least one deal that won't hurt the wallets of sports fans — concession prices.

Fans at Mercedes-Benz Stadium will be treated to the arena's "Fan First Menu Pricing," which includes $2 popcorn, pretzels, hot dogs, soda, and water, $3 waffle fries and nachos, and $5 draft beers.

Super Bowl LIII tickets are expensive ... but the Falcons are keeping concessions prices low.

A post shared by espn (@espn) on Jan 21, 2019 at 2:30pm PST on

The affordable concessions come as a considerable break from recent history when arenas have taken full advantage of the high-spending crowds the Super Bowl draws.

At Super Bowl LII between the Patriots and Eagles, U.S. Bank Stadium was charging $7 for bottles of soda, $13 for domestic beer cans, and $35 for specialty cocktails.

Read more: The prices for food and beer at Super Bowl LII are mind-blowing

In years past, the story was the same, with dauntingprices for what should be reasonably affordable food.

But rather than gouge fans who paid big bucks for Super Bowl tickets, the Falcons opted instead to make concessions at Mercedes-Benz Stadium a fan-first experience — a decision that was made before the stadium even opened.

Read more: The Atlanta Falcons' new stadium will sell food and beer at unbelievably low prices

The Falcons' decision to make concessions more affordable has already paid off in a big way, with fans increasing their spending on concessions and merchandise since the deal's inception, and has inspired similar deals in other stadiums across the league.

Read more: Your stadium food could be getting cheaper soon — here's why

When the time came to invite fans from across the league to take in the Super Bowl, the decision to keep prices low was an easy one.

"We said this in our negotiations with the SEC, the college football championship, the Super Bowl, and the Final Four ... what we basically said is every customer that comes through that door is our customer,'' Falcons president and CEO Rich McKay told ESPN in a phone interview. "So we want to treat all those customers the same and give them the same experience in food and beverage."

For fans going to the Super Bowl, there's still no way to avoid spending big between tickets, hotels, flights, and the myriad of other costs that come up when attending the biggest event in American sports, but this year, you'll at least be able to get an affordable meal and beverage once you're through the gates.

The NFL quarterbacks who have played in and won the most Super Bowls

WHERE ARE THEY NOW? All of the picks in the massive trade that helped the Rams land Jared Goff

You can stream the Super Bowl online for free — here's how

Here's the full list of all the Super Bowl commercials we know about

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Tesla misses on earnings, says it will produce the Model 3 at 'maximum production rates' (TSLA)

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elon musk

  • Tesla reported quarterly earnings after the closing bell on Wednesday. The electric-car maker fell short of analysts' earnings expectations, but beat on revenue.
  • The company said it plans to produce its Model 3 "at maximum production rates" this year.
  • CEO Elon Musk warned investors and employees two weeks ago that pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts at the company.
  • Shares of Tesla fell 2% in after-hours trading.
  • Watch Tesla trade live.

Tesla shares fell in after-hours trading Wednesday after the company reported fourth-quarter profits that fell short of analysts' expectations. The results came nearly nearly two weeks after the electric-car maker warned the pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts.

Here's what Tesla reported and how it compared with analysts' expectations:

  • Fourth-quarter revenue: $7.23 billion (Wall Street expected $7.1 billion, prior quarter $6.8 billion)
  • Adjusted fourth-quarter earnings per share: $1.93 (Wall Street expected $2.10, prior quarter $2.90)

The company said it would "continue to produce Model 3 vehicles at maximum production rates throughout 2019." Tesla also said that while its "delivery and logistics systems continued to progress" in the fourth-quarter, there remained "room for more improvement." 

In the fourth-quarter, Tesla said it delivered 63,359 Model 3 vehicles to customers in North America, and this month began producing Model 3 vehicles for Europe and China. Both markets are considered important growth opportunities for the company. Additionally, Tesla said it delivered 27,607 Model S and Model X vehicles to customers in the fourth-quarter. 

Elon Musk, the company's CEO, said earlier this month that the company was targeting a small profit this quarter.

"This quarter, as with Q3, shipment of higher priced Model 3 variants (this time to Europe and Asia) will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit," he wrote in a letter to employees.

Bullish Tesla analyst Colin Rusch of Oppenheimer told clients Monday that "Model 3 demand, production, and margin" will be the primary drivers of the stock this year. 

Read more: A Model 3 update, the China Gigafactory, and a new product roadmap: Here's what one analyst is looking for when Tesla reports.

The past year has been a volatile one for the company, marked by Musk's "funding secured" tweet last summer, in which he expressed a desire to take Tesla private. He later settled fraud charges with the Securities and Exchange Commission. In Musk's letter earlier this month, he called last year "the most challenging in Tesla's history."

Since reaching a record high of $387.46 last August, Tesla shares have fallen by 21%.

Now read:

Tesla shares.

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7 foods everyone should know how to cook

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saute cooking

  • While we can't all be master chefs, it is important to know some basic recipes to sustain yourself.
  • It's also vital to familiarize yourself with basic techniques that can help you not only follow recipes but create your own.
  • Whether you're looking to impress dinner guests or just fuel yourself for the day, professional chefs and culinary schools suggest you master these basic recipes and techniques.

For many people, cooking at home can be intimidating, time-consuming, messy, or all of the above. But learning some basic recipes and cooking techniques can save you time and money while also making your time in the kitchen more fun. It'll also gift you a great set of skills to impress friends and family.

We talked to professional chefs and culinary schools to find out what recipes aspiring home cooks should master, and each suggestion will also lead you to more recipes to try out in the kitchen.

Home cooks should know how to scramble eggs.

While everyone seems to have their own additions to a scrambled egg recipe (such as cheese, butter, oil, or cream, among others), the technique should be spot on. Scrambling eggs is a quick process, but it can also go south fast.

"Doing them wrong is unforgivable," Liya Swift of Chef Apprentice School of the Arts (CASA) told INSIDER.

Remember to cook them low and slow for best results. No one wants to eat burnt eggs.



You'll master many recipes if you know how to roast a chicken.

Swift recommends that home cooks know how to properly roast a chicken. Roasted chicken can go far. Whether you serve it as-is with vegetables, top a creamy pasta with it, toss it into a salad, or shred it for tacos, a roasted chicken can make many meals delicious.

It's also versatile, in that it can take any number of seasonings for a different flavor profile. It's great for preparing meals in advance.  Once you have that down, you can master many recipes.



Take a simple pasta dinner to the next level with homemade spaghetti meat sauce.

Swift told INSIDER that mastering spaghetti meat sauce is important. It's going to taste fresher than store-bought tomato sauce, and it will elevate both the dish and your leftovers. If you're vegan or vegetarian, you don't have to be left out. Play around with different proteins until you find a taste and texture you love, then wow your friends and family with the results.



See the rest of the story at Business Insider

Democrats unveiled a new border-security plan that still doesn't include money for Trump's wall but 'everything's on the table'

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WASHINGTON, DC - JANUARY 30: U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) (L) and House Majority Leader Rep. Steny Hoyer (D-MD) (R) listen during a news conference at the U.S. Capitol January 30, 2019 in Washington, DC. House Democrats held a news conference to introduce the 'Paycheck Fairness Act.' (Photo by Alex Wong/Getty Images)

  • The conference committee tasked with developing a border-security package to avert another government shutdown held its first hearing on Wednesday.
  • House Democrats released their initial proposal, which did not include funding for a physical barrier along the US-Mexico border.
  • Rep. Nita Lowey, the House Democrat chairing the conference committee, said "everything's on the table."

WASHINGTON — The conference committee created to put together a border-security package by February 15 held their first hearing on Wednesday. House Democrats on the bipartisan, bicameral committee also unveiled their early proposal for what they want out of the negotiations. 

The Democrats' proposal addresses a number of areas regarding border security, but it does not include funding for any physical barrier along the US border with Mexico, which President Donald Trump has repeatedly made clear is a necessity in order for him to sign any funding legislation.

Read more: Lawmakers are desperate to avoid another government shutdown, but Trump is still a wild card in negotiations with Congress

A summary of the Democrats' plan shows they want to substantially beef up security and infrastructure at ports of entry, as well as provide modernized resources to agents patrolling the border on land and in US waters. The proposal includes:

  • 1,000 new US Customs officers.
  • New imaging technology at land ports of entry to scan for drugs, weapons, and contraband.
  • Increased resources and technology at mail-processing facilities to intercept opioids and fentanyl.
  • Increased technology on the border "to improve situational awareness."
  • Expansion of Air and Marine Operations on the border and in US waters for US Customs and Border Protection (CBP).
  • Repair projects at ports of entry.
  • Expansion of risk-based targeting of passengers and cargo entering the US.

The proposal also asks for the bolstering of CBP's resources in handling detained migrants apprehended at the border. A summary of the proposal distributed by House Democrats refers to the treatment of migrants while in US custody as "the only real crisis at the border — which is not a border security crisis but a humanitarian one."

Regarding funding for physical barriers on the border, the House Democrats' proposal said the $5.7 billion requested for a wall by the Trump administration would sap money from what they say are other crucial priorities, including:

  • Increases in Federal Emergency Management Agency preparedness grants.
  • Coast Guard support and funds for a new polar icebreaker.
  • Investments in resources for the TSA at airports.

While funding for a physical barrier is not in the House Democrats' proposal, it is still an option as negotiations progress.

Democrats have been coy about whether they would be willing to stomach any wall funding after the shutdown ended last week, but New York Rep. Nita Lowey, who is serving as the chair of the conference committee in the House, said after the hearing that "everything's on the table."

Any agreement between Democrats and Republicans will have to be reached by February 15 when the short-term funding bill — called a continuing resolution — expires, otherwise the government could shut down again.

SEE ALSO: Democratic leaders reject Republican accusations of anti-Semitism among new Democratic House members

Join the conversation about this story »

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THE PODCAST REPORT: Why podcasts should be the go-to channel for your next ad campaign — and how brands can tap into the future of audio (KRW)

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This is a preview of The Podcast Report from Business Insider Intelligence. Current subscribers can read the report here.

  • The number of US podcast consumers has more than doubled in the past decade — and there's still a long runway for growth.
  • And the podcast listenership base continues to grow in the US amid declines in consumption of other premium ad environments.
  • Entertainers, music streaming platforms, and smart speakers will play a role in furthering podcast listenership growth throughout the next five years.

Are your social circles and online feeds always buzzing with everyone’s latest podcast obsession? The number of US podcast consumers has more than doubled over the last decade. And by 2023, Business Insider Intelligence estimates there will be some 106 million regular podcast listeners in the US.

Podcast Listener Base Growing

People are getting hooked on audio from a young age, too. Over a quarter (26%) of US consumers over age 12 now listen to podcasts on a monthly basis, a jump from just 12% five years ago.

And while the growing listener base is a huge draw for advertisers, it’s not the real reason they should be exploring podcast campaigns. After all, more than half of overall daily media consumption time in the US is now spent with video. Even so, podcasts have the upper hand.

Why should brands advertise on podcasts?

US podcast ad spend is expected to grow over 110% through 2020 — up to $659 million. But consider for a moment that TV and radio ad spend are already at $69 billion and $18 billion respectively, and this figure suddenly feels tiny. The podcast ad market’s small size implies many brands don’t recognize the valuable advertising opportunity podcasts offer.

When looking at factors beyond pure audience size, podcast listeners present several key benefits that make the medium ripe for success for advertising — and brands would be remiss to overlook them.

Here’s why brands should take podcast listeners seriously:

  • The majority of regular podcast listeners complete all or most of the podcasts they start. Forty-four percent of monthly podcast listeners finish most of the podcast episodes they start, while 43% finish the entire episode, per Edison Research and Triton Digital.
  • Listeners are more receptive to ads on podcasts than ads on other mediums. Of US respondents over the age of 18, 55% say they always or sometimes pay attention to podcast ads versus radio (45%), TV (44%), music streaming services (41%), and online video (34%) ads.
  • Most podcast listeners don't skip past ads. Because most podcast ads are read by the host and baked into podcasts, it can be difficult for listeners to easily and accurately skip past podcast ads without missing podcast content, spurring many to listen through podcast ads entirely.

Want to Learn More?

The Podcast Report from Business Insider Intelligence explores the key drivers affecting podcast listenership growth, detailing the benefits of advertising on podcasts versus other media formats, and outlines the best practices for implementing a successful podcast ad campaign.

In full, the report discusses the barriers that will inhibit future growth in listenership and ad spending, and how these hurdles can be overcome to implement a successful podcast ad campaign and attract more big-budget brands into the space.

Join the conversation about this story »

This clever new line of solid skin care is meant for people who spend a lot of time outdoors

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The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

we are wild probiotic skincare

  • Portland-based skin-care brand We Are Wild treats skin with probiotics, fermented antioxidants, and clean, natural ingredients.   
  • Its products, which include a cleanser ($24), toner ($24), and moisturizer ($26), soothe and restore the dry, irritated, and burnt skin that often results from too much time spent in the sun and wind. 
  • They come in convenient, TSA-friendly solid sticks that you simply rub over your skin, making them more portable and less wasteful than traditional skin-care products. 

Growing up in a beautiful, nature-oriented city like Portland, Oregon, Sally Kim spent more than her fair share of time outdoors.

Fresh air in your lungs, the sun glowing warmly on your face, and skies that stretch on for miles uninterrupted — it seems like there could be no drawbacks to an active, outdoor lifestyle. Spend enough time out in the sun and wind, however, and you will notice one consequence: dry, irritated, or burnt skin. 

Kim is the founder of We Are Wild, a new K-beauty-inspired "recreation skin care" brand that makes products optimized in both form and formulation for anyone who spends a lot of time outdoors. 

we are wild probiotic skincare 3

Here's what that means: 

In form — Its cleanser, toner, and moisturizer aren't available as traditional liquids and creams. Instead, We Are Wild only makes solid stick products, similar to stick deodorant, that you rub directly on your face. The cleanser is called Solid Clean, the toner Solid Water, and the moisturizer Solid Oil

The TSA-friendly sticks are more convenient to carry and will never make a mess in your gym bag or backpack. In this respect, you don't have to be an "outdoors-person" in order to enjoy the benefits of We Are Wild. If you're tired of transferring skin-care products to travel-sized bottles or spilling and wasting product during bumpy travels, you'll appreciate the brand's portable, mess-free design. 

we are wild probiotic skincare 4

In formulation — Even more innovative than its solid stick form is its use of probiotics and fermentation to protect, restore, and revive outdoor-exposed skin efficiently and safely. 

Imagine a layer floating on your skin, locking in moisture to keep your face hydrated and fighting bacteria and free radicals to reduce inflammation and redness. That's what the probiotics in We Are Wild's products do with each use. 

Meanwhile, antioxidant-rich ingredients are fermented to make them more concentrated and easily absorbed into the skin. Just as vegetables are fermented to bring out additional flavor and nutrients, these ingredients become more potent and effective in fermented form. 

Additionally, all of the skin-care products are as natural as the outdoors they empower you to embrace. They're free of harmful ingredients like sulfates, silicones, parabens, phthlates, mineral oils, and artificial dyes, and they're cruelty-free. Kim says the process of refining and clinically testing all the formulations took about two years. 

While the ingredients are meant to fight the effects of outdoor exposure, the products don't contain SPF, so it's important to remember to put on an additional layer of sunscreen. Using them in conjunction with SPF products will yield the most protective and restorative measures for your skin. 

we are wild probiotic skincare 2

I switched out my routine of various liquids, gels, and creams to We Are Wild's simple Essentials stick set: the Solid Clean cleanser, Solid Water toner, and Solid Oil moisturizer.

Once applied to the face, the solid cleanser turns into a cleansing oil. Rub your face with water and it turns into a light and balanced micro-foam that strips away dirt and other impurities without stripping your skin dry. The toner, which contains pure water, has a cool sensation that's especially welcomed when your face has been under the glaring sun all day. It kept my skin dewy and hydrated without leaving any residue. The moisturizer is packed with 12 natural oils, including jojoba, safflower, olive, mango, and shea butter, to nourish dry skin. 

I'm not accustomed to using stick products other than deodorant, but I quickly came to embrace this convenient and less wasteful method of transferring skin-care product to my skin. A few quick swipes of each product across my face at the beginning of the day prepared it for hours spent outdoors, and touch-ups in the middle of the day revived and refreshed it. 

While I'm not sure I would completely replace my current traditional products with We Are Wild's, I thought they were gentle yet effective alternatives to bring along on your travels and all-day outdoor adventures. By incorporating innovative skin-care technology and natural ingredients into solid stick products made for outdoor recreation, the company has carved out a hyper-specific perspective on skin care — one that I hadn't considered before but now seems all too needed and obvious. 

Shop the We Are Wild Solid Clean Probiotic Cleanser, $24 (+$4.49 shipping), at Amazon here

Shop the We Are Wild Solid Water Probiotic Toner, $24 (+$4.49 shipping), at Amazon here

Shop the We Are Wild Solid Oil Nourishing Balm, $26 (+$4.49 shipping), at Amazon here

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Trump’s new Venezuela envoy Elliot Abrams has 'polarizing' history of supporting dictators in Latin America, experts say

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trump maduro venezuela 4x3

  • The Trump administration last week appointed Elliot Abrams as envoy to Venezuela to spearhead its efforts against Nicolas Maduro's authoritarian government. 
  • Abrams has a long, controversial history as a foreign policy adviser in Washington, including being convicted over his role in the Iran-Contra affair. 
  • There appear to be fears among some experts that Abrams' appointment signals the White House is leaning toward intervention in Venezuela due to his record of supporting aggressive actions in Latin America. 

The Trump administration last week tapped Elliot Abrams, a hawkish foreign policy veteran with a complicated history and reputation in Washington, as its envoy to Venezuela to deal with the escalating crisis there. 

Abrams will be the administration's point man in its efforts to oust Venezuela's authoritarian leader Nicolas Maduro, and will be working closely with Secretary of State Mike Pompeo in that capacity. 

In appointing Abrams, some in the foreign policy community seem to fear that the White House could be stumbling toward intervention in Venezuela, which is an unsettling prospect to many given the US government's long, calamitous history of sticking its nose in Latin America's business. 

Abrams was a key player in the US' disastrous Latin American interventionism in the Reagan era

Abrams, who has recently been working as a senior fellow at the Council on Foreign Relations, served as a top foreign policy adviser in the administrations of both former President Ronald Reagan and President George W. Bush.

He was instrumental in pushing the US to prioritize thwarting Marxism in Latin America for a significant portion of the Cold War. During that era, both before and during the height of Abrams' influence, the US orchestrated coups against democratically elected leaders, propped up dictators, and directly aided and trained death squads in the region. The consequences of the US government's activities in Latin America, especially Central America, are still being felt to this day.

Read more:Meet Juan Guaidó, the self-proclaimed interim president of Venezuela who’s challenging Nicolas Maduro for power

In the early 1990s, Abrams was convicted of misleading Congress in the Iran-Contra affair, but was ultimately pardoned by President George H.W. Bush. Abrams had been a staunch advocate of arming the rebel Contras in Nicaragua. He pleaded guilty to two misdemeanor counts of withholding information from Congress about covert efforts to assist the rebels.

Elliot Abrams

Critics say Abrams has downplayed human rights abuses committed by dictators the US aligned with under Reagan

He's also been accused of working to cover up human rights abuses and atrocities in Latin America linked to his time with the Reagan administration, and was one of the architects of the 2003 invasion of Iraq. 

According to a Human Rights Watch report, Abrams in testimony to the Senate "artfully distorted several issues in order to discredit the public accounts" of the infamous December 1981 massacre of nearly 1,000 people in the Salvadoran village of El Mozote. The mass killing was committed by forces trained and equipped by the US.  

Human Rights Watch was unavailable to comment on Abrams' appointment as envoy to Venezuela.  

Read more:Trump is decrying Maduro's authoritarianism in Venezuela as he simultaneously embraces the region's newest strongman in Brazil

While serving as assistant secretary of state for human rights during the Reagan administration, Abrams fervently supported arming Guatemalan dictator Gen. Efraín Ríos Montt.

As the Guatemalan dictator carried out a bloody campaign against indigenous Mayans in the 1980s, Abrams claimed Montt "brought considerable progress" on human rights issues and was reducing the number of civilian deaths "step by step." Montt in 2013 was convicted of genocide and crimes against humanity. 

Abrams has also faced allegations of supporting an attempted military coup in Venezuela in 2002. The failed coup helped solidify the power of Hugo Chavez– Maduro's predecessor and the father of the socialist revolution in Venezuela – and bolstered his image as an anti-imperialist hero among Venezuelans. 

Former Venezuelan president Hugo Chavez

Abrams was pardoned over his role in the infamous Iran-Contra affair, but many haven't forgotten

Given Abrams' convoluted, controversial background in Latin America and world affairs more generally, some experts question why the Trump administration didn't look to someone else to spearhead its efforts against Maduro. 

"I was surprised," said Brown University Professor Ross Cheit, a political science scholar who's led projects on the Iran-Contra affair. "I'd certainly heard reports that he had been nixed for top positions at the State Department, and I would certainly say his Iran-Contra days are infamous."

Abrams, Cheit said, was involved in soliciting private donations for the Contras from foreign governments who were encouraged to "voluntarily give money" to the cause. The Senate Foreign Relations Committee, Cheit said, asked Abrams if he was soliciting money from other people, a notion he denied, saying the White House was not encouraging people to do that.

Read more:As tensions in Venezuela heighten, Marco Rubio says US should 'go big' on its relationship with Brazil's new right-wing president

"They were blatant lies. He had solicited foreign governments. He knew there was money in Swiss bank accounts, and he lied to Congress," Cheit told INSIDER. "He was convicted of two felonies, and I know he was pardoned, but he certainly lied to Congress."

Cheit pointed out that Abrams' appointment as US envoy to Venezuela coincidentally occurred days after Roger Stone was indicted for lying to Congress. 

"People are giving some attention to what we should think about people who lie to Congress," he said. "Some people have never taken that crime very seriously." 

Abrams, Cheit said, embodies a certain American arrogance and inclination to get involved in other countries' conflicts. The man, Cheit said, has "a willingness" to conduct "adventurous" interventions in Latin America — and a deep disregard for Congress.

"It's alarming to have someone who was involved in that get an important role in the current government," he said.

Abrams Iran Contra

Abrams' appointment seems to signal America's willingness to do whatever it takes to bring Maduro down

Cynthia J. Arnson, director of the Wilson Center’s Latin American Program, told INSIDER that there "were several other outstanding possibilities that would not have been as polarizing as Elliot Abrams, who ... for people who remember his role in Central America, is likely to raise some eyebrows on the Democratic side of the aisle."

"That said, I'm not sure how many members of the House or the Senate were around in the bad old days of the Central America wars," she added. 

Arnson said there were other "credible" people who could've filled the role, but added that Abrams' appointment is "consistent with other foreign policy appointments that Trump has made."

"What so many people question are [Abrams'] human rights and democracy credentials on an issue like El Salvador where he was part of a Reagan administration effort to deny abuses," Arnson added. "It is certainly a very problematic record."

While some might feel Abrams' appointment is a sign the Trump administration favors a military intervention in Venezuela, Arnson seems to feel that's a premature assessment. "I don't see the naming of Abrams as providing any indication whatsoever that military options are moving further along, I think that's a false connection to make," she said.

The White House has said that all options are on the table in Venezuela, including the use of military force.

Venezuela Maduro

Meanwhile, Latin America historian Alejandro Velasco, a professor at New York University, said a Venezuelan opposition movement that is seeking to promote human rights, democracy, and self-determination should not desire to align itself with Abrams. 

"When one thinks about Elliott Abrams, you don't associate any of those things with him," he told INSIDER. America's selection of Abrams, Velasco added, signals its willingness to do "whatever it takes to make sure that the Maduro government falls."

Read more: Bolton's notepad reveals Trump is considering sending 5,000 troops to Colombia amid Venezuela crisis

"They're not playing around, they're not diddle-dawdling," he said. "This is a signal that's being sent not just to Venezuela and the Maduro government, but it's also being sent to people like Putin in Russia, to the Chinese, to Turkey, that the strategy here is regime change in as quick a time frame as possible." 

Last week, the US threw its support behind Juan Guaidó, the opposition leader who the Venezuelan National assembly named as the country's interim president. Other South American countries, including Brazil and Colombia, also recognized Guaidó as Venezuela's legitimate leader, angering Maduro. But Velasco raised the concern that the opposition's reputation — internationally and domestically — might be compromised by an allegiance with Abrams. 

"It takes so much of their credibility on the promotion of democracy, human rights, and self-determination to align so closely with somebody like Abrams and somebody like John Bolton," he said. 

The White House is standing by Abrams despite criticism of his record

Experts seem to be in agreement that much of Abrams record is deeply troubling and has unsettling implications for Trump's policy in Venezuela and Latin America more broadly. 

With that said, Arnson also emphasized that Abrams played a key role in decrying Chilean dictator General Augusto Pinochet's human rights abuses in the 1980s, highlighting the mixed nature of his history and influence in Washington. 

“Abrams," she said, "was very active in efforts to bring about a return to democracy in Chile at a time when General Pinochet was in power." 

Pinochet

Kathryn Sikkink, a Harvard professor and human rights policy expert, said that the best one could hope for right now is that Abrams' policy in Venezuela aligns more with his work in Chile than his work in Central America. 

"What we hope now is something along the lines of when the US government realized that they should be with civil society in Chile and they should support the plebiscite vote," she said. That vote, she said, stopped "Pinochet from his attempt to endure himself in power."

"That turned out to be very successful," she said. "So there is a model of the US government taking the side on behalf of democracy against an authoritarian leader, one that it had cozied up to previously, and it was a very successful outcome."

It is because of Abrams' key role in the successful take-down of Pinochet that the Trump administration, perhaps, does not appear to agree with the notion Abrams is a "polarizing" figure, despite his past. 

National Security Adviser John Bolton vehemently rejected the notion Abrams is not the right man for the job.

"Elliott is exactly the type of tough-minded foreign policy veteran necessary to overcome the oppression and destabilizing corruption that is facing Venezuela," Bolton told INSIDER. "I have personally known him for years, and he is more than qualified to approach the fundamental human rights challenges in the region."

The State Department did not immediately respond to a request for comment. 

SEE ALSO: Meet Juan Guaidó, the self-proclaimed interim president of Venezuela who’s challenging Nicolas Maduro for power

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NOW WATCH: MSNBC host Chris Hayes thinks President Trump's stance on China is 'not at all crazy'


The Fed just told the market exactly what it wanted to hear

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Jerome Powell

  • The Federal Reserve held its key interest rate unchanged on Wednesday. That, combined with the central bank's subsequent commentary, sent stocks soaring higher.
  • The Fed's decision and ensuing comments were in many ways exactly what the market wanted to hear.
  • The whole ordeal marked a reversal from the Fed's prior comments that promised further balance-sheet shrinkage over a long period.

Federal Reserve Chair Jerome Powell just told Wall Street that he's sitting at the controls with his hands firmly on the stick, feeling refreshed and well-caffeinated, and the Fed's balance sheet isn't on "automatic pilot," no sir. Not only that, the plane is coming in for a landing.

Stocks made strong gains Wednesday after Powell told investors what they wanted to hear: The Fed's balance sheet won't shrink much further. Investors had seen that as an obstacle to economic growth and more gains for equities.

The S&P 500 finished up 1.5%, extending an earlier increase when the central bank's rate decision was announced. It then added to gains during Powell's press conference, breaking out of a recent pattern that saw stocks fall when Powell spoke.

After all, a shrinking of the Fed's $4 trillion bond portfolio conveys tighter credit conditions. And investors are hypersensitive to anything that might harm the slowing US economy.

Read more: Legendary billionaire Ray Dalio told a crowd at Davos that the next economic meltdown scares him more than anything — here's what he said, and why he's so worried

Just six weeks ago Powell suggested the Fed's balance sheet was shrinking almost by itself, and that it would keep doing so for a long while.

His "automatic pilot" remark helped contribute to a sell-off in stocks over a period of weeks. Investors wanted to feel that the Fed was paying close attention to how its moves affected the market and the US economy. And that's what the Fed has been trying to tell them ever since.

The Fed now says the balance sheet shrinkage is over barely a year after it started. In December the Fed suggested it was far from done. It's a big change in a short time, and its implications aren't clear.

"This is a watershed moment," George Goncalves, the head of fixe- income strategy for Nomura's business in the Americas, said. "What makes the Fed do almost a 180 in six weeks?"

Goncalves said he's concerned that the Fed is changing its mind because of the market's sell-off in December, which also tightened financial conditions, or because it's getting seriously worried the economy might be damaged by external factors like rising trade tensions.

Read more: A billionaire investment chief at the world's biggest hedge fund explained to us why the economy is headed for '20 years of ugliness' — even if a major recession is avoided

Guy LeBas, the chief fixed-income strategist for Janney Capital Management, was more upbeat, saying investors are likely to be encouraged by the Fed's flexible approach. He said the Fed was never likely to reduce its balance sheet to less than $3 trillion.

In the years after the 2007-08 financial crisis, the Fed bought more than $3 trillion in government bonds and other securities to keep interest rates low and aid the recovery of the economy. That purchases were dubbed quantitative easing," and the shrinking program has been called uncatchy names like "normalization" or "quantitative tightening."

Whatever it's called, if the bond purchases made it easier to borrow money, the shrinking balance sheet makes it a bit harder. And investors are hypersensitive to anything that might harm the slowing US economy.

SEE ALSO: A billionaire investment chief at the world's biggest hedge fund explained to us why the economy is headed for '20 years of ugliness' — even if a major recession is avoided

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NOW WATCH: We compared Apple's $159 AirPods to Xiaomi's $30 AirDots and the winner was clear

The harrowing Medal of Honor stories of 5 men who helped turn the tide of Vietnam's brutal Battle of Hue City

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Hue Tet offensive

  • At the end of January 1968, the North Vietnamese Army coordinated with Viet Cong forces to launch an unprecedented offensive that would turn the tide of the war.
  • The Tet Offensive began with the invasion and occupation of Hue City. 
  • US Marines spent nearly a month engaged in a brutal battle to retake the city.
  • The chaotic urban battle saw unprecedented heroism — and resulted in five Medals of Honor.

At the end of January in 1968, the Viet Cong launched an offensive that turned the tide of the Vietnam War. 

The Tet Offensive began on January 30 as the North Vietnamese occupied the city of Hue. US Marines spent nearly a month fighting a brutal urban battle to retake the city — which was 80% destroyed by the battle's end, according to H.D.S. Greenway, a photographer embedded with the Marines during the war.

An estimated 1,800 Americans lost their lives during the battle. 

But in the midst of the chaos, five men who faced harrowing circumstances risked their lives to save those of their comrades — and earned the nation's highest award for courage in combat, the Medal of Honor. 

During one of the ceremonies honoring these heroes, President Richard Nixon remarked on the incredible risks they took. 

"They are men who faced death, and instead of losing courage they gave courage to the men around them," he said.

SEE ALSO: 51 years ago, Vietnamese forces launched the Tet Offensive and changed how America saw the Vietnam War

Gunnery Sergeant John L. Canley received his award over 50 years after carrying wounded Marines to safety.

Gunnery Sgt. John Canley, suffering from shrapnel wounds, led his men in the destruction of enemy-occupied buildings in Hue City. 

When his men were injured, he leapt over a wall in plain sight — twice — to carry them to safe positions. 

He was awarded the Medal of Honor in October 2018, over 50 years after he risked his life for his men.

Read the award citation here



Chief Warrant Officer Frederick Ferguson flew his helicopter through a barrage of anti-aircraft fire to rescue wounded comrades.

Chief Warrant Officer Frederick Ferguson ignored numerous calls to avoid the airspace surrounding Hue City during the early days of the battle. 

He flew his helicopter through enemy fire, guiding the damaged aircraft so he could rescue wounded comrades and fly them back to safety.

His bravery saved the lives of five wounded soldiers.

Read the award citation here.



Sergeant Alfredo Gonzalez

Sgt. Gonzalez and his unit were among the first to deploy into the Viet Cong-occupied Hue City.

Through five days of fighting, Gonzalez repeatedly exposed himself to direct enemy fire, leading his men despite his personal wounds. 

Although he died during the battle, his actions ensured his comrades' survival.

Read the award citation here.



See the rest of the story at Business Insider

Tesla says it's ramping up its logistics business as delivery struggles continue (TSLA)

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  • Tesla told investors that it "purchased and are continuing to purchase our own car-hauling truck capacity" in Q4 2018. 
  • Upping its trucking capacity allows Tesla to deliver autos more quickly. The car company has struggled with deliveries in the past. 
  • Tesla CEO Elon Musk said in September that the company is in the midst of "delivery logistics hell."

 

Tesla purchased and is continuing to purchase its own auto-hauling trucking capacity, it told investors on Wednesday.  

"In order to reduce vehicle transportation time and improve the timeliness of scheduled deliveries, we have purchased and are continuing to purchase our own car-hauling truck capacity for vehicle shipments," Tesla wrote in its annual report. "This gives us far more control while lowering costs and improving customer satisfaction."

This move was highlighted as a way to improve the car company's delivery and logistics system. Tesla CEO Elon Musk said in September that the company was in the midst of "delivery logistics hell" as it attempted to meet its goal of 55,000 Model 3s in the third quarter. 

Read more:Tesla misses on earnings, says it will produce the Model 3 at 'maximum production rates'

The company statement released on Wednesday is slightly different than what Musk said several months ago about Tesla's moves in the logistics industry. 

Musk said in November that Tesla "bought some trucking companies and secured contracts with major haulers." He didn't specify which companies were purchased or entered a contract, or how much equipment was acquired. 

Following that claim, five executives in auto hauling trucking told Business Insider that they had not heard of Tesla purchasing a car hauler in the past few months, as Musk's tweets described.

Read more:Elon Musk says Tesla has 'bought some trucking companies' — but leaders in the car-hauling industry say they haven't heard squat

Guy Young, general manager of the Auto Haulers Association of America, told Business Insider following Tesla's announcement that Tesla is indeed making contracts with auto haulers to move Tesla cars. However, there hasn't been any word of Tesla outright buying equipment or buying companies. 

"I have not heard that they have purchased any assets," said Young, who leads the largest professional association of the $5 billion auto hauling industry. "I did hear that they were getting capacity."

But making a contract isn't so different from buying the exact equipment. "When you make a contract for capacity, you say, 'You're going to be producing this many cars at this time and we want to make sure you have space on your equipment. It's what most people do when they're looking to get cars hauled."

Read more on Tesla's 2018 earnings:

SEE ALSO: FedEx wants to make it clear how little it relies on Amazon

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NOW WATCH: Here's what it's like to drive trains on London's Tube — one of the most complicated subway systems in the world

These are the biggest regulatory roadblocks holding up the global drone industry

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This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Drone technologies continue to improve at a rapid pace and are slowly pushing the unmanned aircraft toward the mainstream. Companies in a variety of industries are now looking to use drones to cut costs, boost efficiencies, and create new revenue streams and business values, such as last-mile retail deliveries.

But regulatory roadblocks are still holding back widespread commercial drone use in most large, developed markets. Many countries still have laws on the books that regulate drones as other aircraft, such as planes or helicopters, and prevent unmanned aircraft from flying beyond a few miles from the operator. That makes laws and regulations arguably the chief determining factor in the development of the commercial drone industry worldwide. 

This new report from Business Insider Intelligence, Business Insider's premium research service, will give a high-level overview of commercial drone regulations around the world. We detail the major changes in global drone regulations over the past year, and show how regulators are working to stay ahead of the nascent, yet valuable devices. In addition, we show how regulatory changes will impact the industry and allow for new enterprise use cases in the next few years.

Here are some of the key takeaways:

  • Regulations have helped the US, Europe, and China become the three largest potential markets in the world for commercial drone use.
  • In the US, the Federal Aviation Administration (FAA) governs all commercial and consumer drone use. Meanwhile, a slew of states have their own regulations that companies deploying drones have to navigate through.
  • In Europe, the lack of EU-wide drone regulations creates a patchwork of national regulations that resembles the state-level rules in the US.
  • In China, the military controls over half of the airspace, confining drones to a small area of the country relative to the US and other nations.
  • While on paper several of the regulations in Europe are the same as in the US, many European countries have been far more lenient in granting exemptions to their requirements.
  • Commercial drone laws in most of these countries are set to change to allow for more widespread use in the next couple years, helping operators fly their aircraft in new locations and for new use cases.

In full, the report:

  • Offers an in-depth overview of the current regulatory landscapes at the national, transnational, and local levels, and discusses how they're shaping the development of the drone industry in several large markets.
  • Gives examples of how companies are working with and around these regulations to deploy drones in a manner that government officials find permissible.
  • Provides a look at what regulations will change in the coming years, and explains how that will impact companies operating drones.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

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15 times Kate Middleton and Meghan Markle have channeled the Queen

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queen elizabeth

  • Queen Elizabeth II is known for her bright ensembles.
  • Kate Middleton and Meghan Markle have channeled the monarch's looks a few times with their outfits.
  • Middleton has matched with the Queen in bold shades of red and teal, as well as bright blue florals.
  • Like the Queen, Markle has worn bright hues of yellow and blue.
  • The Duchess of Sussex also included a touching nod to the Queen in her royal wedding veil.

Kate Middleton and Meghan Markle may be grabbing all the fashion headlines lately, but Queen Elizabeth II has curated quite an influential royal wardrobe since taking the throne in 1952.

The British monarch has a known fondness for eye-catching colors, which she wears so the adoring public can easily spot her during royal appearances.

Compared to the Queen, Middleton and Markle have filled their chic wardrobes with more muted colors, but both duchesses brighten up their looks every now and then in ways that evoke the fashionable monarch.

Below, see 15 memorable times Middleton and Markle channeled Queen Elizabeth II with their outfits.

One of the first times Markle channeled the Queen's look was in July 2018, when she wore this bright yellow dress.

Markle attended the "Your Commonwealth" Youth Challenge reception in a yellow sleeveless dress by Brandon Maxwell. It's one of the Duchess of Sussex's most eye-catching looks yet, and calls to mind the Queen's preference for brighter colors.

Read more: Meghan Markle wore a vibrant yellow dress to her latest event, and she's clearly channeling the queen



Middleton has donned a similar vibrant shade of yellow.

Middleton opted for this yellow and white dress by Emilia Wickstead for a garden party at Buckingham Palace in May 2013.



Middleton and the Queen also have similar orange coats in their wardrobes.

Middleton wore a bold orange coatdress by Boden in January 2018. The Queen wore a similar coat the very next month in February. 



See the rest of the story at Business Insider

Starbucks baristas are freaking out that Howard Schultz's political aspirations will make their job even harder (SBUX)

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  • Starbucks baristas are bracing for the impact of former CEO Howard Schultz running for office, with the potential that aggressive customers will press them on political issues.
  • "I have to just put on a big smile and hope to God they don't press me to comment beyond chuckling and anxiously trying to get to the next customer," one Starbucks employee told Business Insider.
  • Workers have been advised to tell customers that "Howard's future plans are up to him" if pressed by customers, according to documents obtained by HuffPost. 

Starbucks baristas are preparing for controversy as Howard Schultz's presidential media blitz picks up steam. 

Employees at the coffee giant are bracing for questions and disruption on the job thanks to Schultz's announcement that he is "seriously considering" running for president, three Starbucks in-store employees said in interviews with Business Insider. These employees asked to remain anonymous in order to speak frankly without jeopardizing their jobs.

"I would expect that because of Schultz's announcement, many customers will try to talk to us baristas about politics and Schultz while we are working," one Starbucks worker from Connecticut told Business Insider. 

"While I would personally be ok with this, I think it would make many baristas feel uncomfortable," he continued. "As far as I know, we are not supposed to discuss politics while working, and we could easily be written up for it."

Read more:Starbucks baristas are begging 'Uncle Howard' not to run for president after the former CEO announced he is 'seriously considering' campaigning as an independent candidate

Starbucks did not respond to Business Insider's request for clarity on the company's policies regarding discussing politics with customers. But, whether or not workers could get in trouble, the difficulties of discussing politics without offending customers — all while juggling other tasks at work — can weigh heavily on some Starbucks baristas. 

A second worker who has worked at Starbucks for 20 years said that she anticipated questions from the chain's "highly engaged" customers.

"No matter how they feel about it, these are people expecting you to make political small talk despite the fact that your job is on the line if you say something in response that they disagree with or which upsets them," said a third employee from California.

He added: "I have to just put on a big smile and hope to God they don't press me to comment beyond chuckling and anxiously trying to get to the next customer." 

Starbucks is preparing baristas for Schultz 2020

Howard Schultz

Schultz has pledged to keep Starbucks completely separate from his potential presidential run. However, his time at the company is the cornerstone of his book, "From the Ground Up," which he is currently promoting over the course of a three-month book tour. 

Kevin Johnson, who took over the Starbucks CEO job in Schultz's footsteps in 2017, sent a letter to all employees on Monday morning, addressing Schultz's presidential aspirations. 

"Many of us will inevitably be asked if the company supports a possible presidential candidacy of Howard and what changes for Starbucks," the letter reads. "As a company, we don't get involved in national political campaigns. And nothing changes for Starbucks."

Starbucks is encouraging workers to "diffuse [sic] the situation" if customers attempt to share aggressive political opinions, according to an internal document obtained by HuffPost. 

According to HuffPost, Starbucks' talking point is: "If asked about Howard's political intentions: Howard's future plans are up to him." 

Representatives for Starbucks and Schultz did not respond to Business Insider's request for comment on how the former CEO's candidacy might impact workers. 

This is not the first time that Schultz has put Starbucks workers in an uncomfortable situation. While Starbucks is known for its worker benefits, employees have also experienced backlash in response to the company's efforts to push for progressive change.

In Schultz's book "From the Ground Up," he discusses the "Race Together" campaign, in which the company planned to have baristas write "Race Together" on cups to highlight racial inequality. The campaign was ultimately unsuccessful. 

"The truth is that I threw Starbucks onto the third rail of society in a way that put an unfair burden on baristas and store managers,"Schultz said. "These discussions needed to be had, but not in the way we had them."

Join the conversation about this story »

NOW WATCH: Why red and green are the colors of Christmas

Here's what Apple is planning for its 2019 iPhones (AAPL)

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iPhones Lydia 5

  • Apple is preparing new iPhones with a powerful 3D camera, reports Bloomberg.
  • The largest new iPhone will reportedly include three cameras on the back.
  • Apple usually announces new iPhones in September. 

Bloomberg is out with a new report describing some of Apple's product roadmap for 2019 and 2020.

Apple typically launches new iPhones in September, and its plans are reportedly starting to be locked down now. 

The biggest change to next year's iPhones? A better camera. 

Bloomberg's Mark Gurman reports that this year's iPhones will have 3D camera on the back. Currently, devices like the iPhone XS and iPhone XR have a 3D camera on the front that's used for the phone's facial-recognition system. 

The more powerful camera could be able to measure how far things are away from it up to 15 feet, according to the report, which would enable and supercharge so-called augmented reality apps that place virtual objects in the real world. 

Apple is widely expected to release three phones this year that are effectively upgraded versions of this year's lineup, the $749 iPhone XR, the $999 iPhone XS, and the $1099 iPhone XS Max. They will have upgraded chips and software, including a system-wide dark mode, according to the report. 

The largest and most expensive phone, which could replace the iPhone XS Max, will have a three-camera module on its back, according to Bloomberg, which will enable additional zoom features. 

Many of the details reported by Bloomberg about Apple's 2019 iPhone lineup have previously been mentioned by the Wall Street Journal and TF International Securities analyst Ming-Chi Kuo

Based on the currently available information, Apple's device lineup this year is shaping up to be something like this

  • An iPhone XR sequel, with an LCD display as well as a double-lens camera on the back, an improvement over this year's single camera. This year's version starts at $749.
  • An iPhone XS sequel with Apple's higher-quality OLED screen as well as a double-lens camera on the back, like this year's model. This year's model starts at $999.
  • An iPhone XS Max sequel — but this one will have a triple-lens camera. This year's model costs $1,099 or more.

SEE ALSO: These are the screen sizes for next year's iPhone lineup, according to the most accurate Apple analyst

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NOW WATCH: I cut Google out of my life for 2 weeks, but the alternatives prove why Google is so much better


SmileDirectClub's $79 LED whitening kit worked exceptionally well — and it didn't cause me any teeth sensitivity

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The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

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  • SmileDirectClub's $79 Teeth Whitening Kit is said to work three times faster than whitening strips. It uses the same safe, effective whitening agent as a dentist's office, but costs much less than a professional treatment.
  • I used it, and after a few applications, my teeth were about three shades whiter — and the formula didn't cause any sensitivity. 
  • For more options to consider, read the Insider Picks Buying Guide to the best teeth whitening kits you can buy

Whether it's coffee, smoking, red wine, soy sauce, or the inexorable compounding of time, your teeth take quite a beating from everyday life. Even if you brush and floss the recommended amount with the aid of whitening toothpaste, the simple act of being alive seems to be in constant opposition to a bright, white smile.

Unfortunately, your smile is one of the first things people notice. In the seconds it takes your brain to assemble its first impression, one's smile often lands the leading role. Thankfully, the availability of cheap, effective whitening kits has made white teeth both more common and more taken for granted. While still semi-cosmetic, the act of whitening has started to blend into a wider definition of oral hygiene. 

Recently, the same startup known for online braces has released an at-home LED teeth whitening kit. Like its 3D-printed clear aligners, SmileDirectClub's $79 kit is supposed to deliver the advantages of a dentist's office at about 60% less cost. The LED kit is estimated to be three times faster than whitening strips.

To see if it's actually effective, I tested the $79 Whitening Kit myself. It comes with nine whitening pens (what the startup estimates as two full whitening treatments) and an LED mouthguard and storing case. It reminded me of the much more expensive but effective $220 Glo Brilliant Whitening Device, which also uses an LED mouthpiece to act as a catalyst for hydrogen peroxide. 

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To use, you twist one of the whitening pens to drive the gel to the applicator, apply it to your teeth evenly (avoiding gums), and pop in the mouthguard with its LED accelerator light. After five minutes, you remove the light and unplug it from your phone. Spit out the excess foam and use lukewarm water to rinse the mouthguard. Do this twice in the morning, and twice at night for a full four sessions. Avoid eating foods that can stain your teeth for 24 hours. According to SmileDirectClub, you should whiten for one week every six months. 

In person, the device is well-designed and easy to use. The LED light mouthguard is hands-free and smart-phone powered (iPhone or Android), so you can be tethered to your phone rather than an outlet. It requires minimal battery power to run, and this solves any issues with needing to charge a device before using — a con of the Glo Brilliant device. SmileDirectClub says the nine whitening pens should equal two full treatments (plus a bonus pen), but I found their estimates to be extremely conservative — even with evenly coating my teeth in gel, I got about four times more use out of the pens than expected. Once you run out, a replacement of whitening pens is $29 for four

You could technically just buy the whitening pens and use them without the mouthpiece to save money initially, but it's the LED light — and how the hydrogen peroxide reacts to it — that is likely to give you the best results. If you're not interested in the LED mouthguard, you may just want to stick to strips. 

SmileDirectClub's formula is the same enamel-safe formula dentists use, but it's supposed to break down to about $40 per treatment (which, in my experience, was closer to $20). It's safe to use on crowns, veneers, and caps, and the formula is lactose-, soy-, and gluten-free, as well as vegan.

In short, SmileDirectClub's Whitening Kit does work. It made my teeth whiter after one day's worth of sessions and continued to make them more even and bright with ongoing use. After continual applications, my teeth were about two to three shades whiter. Since I didn't begin with intense discoloration, I mostly noticed an evening in tone — my teeth are brighter, and the white is more universal and intense. I didn't notice any increased sensitivity, and the process was easy, clean, and relatively intuitive. However, you do have to be willing to use it routinely.

All in all, it's a good option if you're considering it. SmileDirectClub is $79 and white strips are $30 on a good day, but it's far cheaper than another prominent LED system (Glo Science) and you can eek out more uses of the whitening pens than the company estimates. It's also faster to use, as four five minute sessions broken up feel a lot more bearable than one 30-minute session. It's even convenient to multitask with it in so you can fit it into a morning routine without much effort. And, most important to me aside from efficacy, it didn't make my gums tender or my teeth ache. 

If you're looking for fast, noticeable results that are relatively easy to fit into your life, SmileDirectClub's whitening kit is worth checking out.

SmileDirectClub Teeth Whitening Kit, available on Amazon, $79

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In a 'brutal backdrop for any asset manager,' here are the winners and losers

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Larry Fink

  • Asset managers faced a tough fourth quarter, with market volatility leading many investors to rework their portfolios and pull money. 
  • Out of the five largest asset managers, BlackRock and JPMorgan Asset Management emerged as clear winners for new money coming in.
  • Meanwhile, State Street and BNY Mellon Investment Management saw $65 billion combined leave during the quarter. 

It was a tale of the haves and the have-nots. 

An analysis of the five largest publicly-traded US asset managers showed clear winners and losers in a volatile quarter that led many investors to play defense, pulling money out as the market dipped.  It was "a brutal backdrop for any asset manager," Evercore ISI analyst Glenn Schorr wrote in a research note earlier in January.

The world's largest manager, BlackRock, saw nearly $50 billion of inflows, which Schorr called "unreal" during "an insanely volatile quarter." That new money was driven by $81 billion of money coming into the firm's exchange-traded-funds platform, iShares, and more than made up for nearly $35 billion in institutional outflows.

See more:BlackRock, the world's largest asset manager, is getting smaller

On the other hand, State Street lost nearly as much money as BlackRock gained during the quarter. 

"Cumulative industry flows were dramatically down after significant inflows during last year and client transaction activity was muted, as investors sat on the sidelines," chief executive officer Ron O'Hanley said on State Street's fourth quarter earnings call. 

Here's how the top five largest public managers fared last quarter:

Asset managers' Q4 fund flows

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Google is disabling its app that lets users earn gift cards in exchange for their data (GOOG, GOOGL)

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  • Facebook has found itself in rough waters after TechCrunch reported on Tuesday that the social networking giant had been paying users $20 per month to download an app that collected troves of data off of their phones. 
  • But as TechCrunch pointed out on Wednesday, Google has been running a similar app since 2012 called Screenwise Meter, which allows users to earn gift cards if they offer up access to their traffic and data. 
  • Like the Facebook Research app, Google's app appears to be a clear violation of Apple's Enterprise Developer Program policy. 
  • Google has since apologized for operating its Screenwise Meter app under Apple’s developer enterprise program and said it would disable the app on iOS devices. 

Facebook has found itself in rough waters after TechCrunch reported on Tuesday that the social networking giant had been paying users $20 per month to download an app that collected troves of data off of their phones. 

The program — dubbed Facebook Research — was problematic, not only because it was explicitly targeted teens, but also because it violated policy within Apple's developer enterprise program. The app needed to be "sideloaded," (or, downloaded through a separate, more technical process) which Apple specifically reserves for companies to do for internal apps only. 

Facebook has since pulled the Facebook Research app, and Apple barred the company from access to any apps using the enterprise certificates. 

Read more: Chaos has reportedly erupted inside Facebook as employees find themselves unable to open the company's apps on their iPhones

As TechCrunch pointed out on Wednesday, however, Facebook was not the only Silicon Valley company offering up rewards in exchange for copious amounts of information. 

Since 2012, Google has been running an app called Screenwise Meter, which allows users to earn gift cards if they offer up access to their traffic and data to the search giant.

The app has been folded into a more recent initiative for the company called the Google Opinions Rewards Program that provides incentives for users to install tracking systems across mobile phones, web browsers, routers, and television sets. 

To download the Screenwise Meter app, users need to follow the same "sideloading" process which Facebook required for its research app and that Apple has specified can be used by company employees only. 

TechCrunch does mention that compared to Facebook, Google has been more transparent about how its research program works and what information is being collected. Google also offers a "guest mode" that allows users to temporarily pause the data collection, especially when someone younger than 13 years old is using the device. 

Still, Google's app appears to be a clear violation of Apple's developer enterprise program policy. 

On Wednesday afternoon, Google admitted its wrongdoing and said it would disable the app on iOS devices.

"The Screenwise Meter iOS app should not have operated under Apple’s developer enterprise program — this was a mistake, and we apologize," a Google spokesperson told Business Insider. "We have disabled this app on iOS devices. This app is completely voluntary and always has been. We’ve been upfront with users about the way we use their data in this app, we have no access to encrypted data in apps and on devices, and users can opt out of the program at any time."

Apple did not immediately respond to Business Insider's request for comment regarding whether or not Google as a company will be shut out of internal apps that use iOS enterprise certificates, similar to what has happened with Facebook. 

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NOW WATCH: British Airways has a $13 million flight simulator that taught us how to take off, fly, and land an airplane

Tesla's revenue has hit a critical milestone (TSLA)

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  • Tesla broke through the $7 billion barrier in revenue for the fourth quarter of 2018.
  • Tesla's revenue has been surging since mid-2018.
  • Tesla's firehose of money has showed up at exactly the right time for the company to fund future expansion.

Tesla reported fourth-quarter and full-year 2018 earnings on Wednesday, and while the bottom line was a miss, the top line surpassed analysts' expectations.

Tesla brought in $7.23 billion in revenue, a record quarter for the company — and an important milestone. In the third quarter of 2018, revenue was just under $7 billion, so crossing that mark is both symbolic and supportive of ongoing profits.

It's no guarantee of profits, but Tesla finished last year with consecutive profitable quarters for the first time in its history. Rising revenue is a useful thing.

Read more:Tesla says it has 'sufficient cash' to pay for its biggest debt payment ever that's due in a month

This is what happens, of course, when you go from selling 100,000 vehicles year to selling nearly 250,000. From Tesla's perspective, keeping revenue moving up in the future will depend on increasing both production levels and maintaining demand.

Neither are guaranteed. But the company is setting up to roll out a new, high-volume vehicle in the Model Y SUV. There should be good demand for the Model Y in the US, where SUV sales have surged in the past two years. Tesla has also been pricing the Model 3 in the neighborhood of $50,000. Model Y pricing should be similar initially, as Tesla builds itself into being the all-electric BMW.

Tesla has a lot on its plate for 2019 and 2020, and while it's a positive that it finished 2018 with $3.7 billion in cash — around $3 billion more than it's harbored in the past — what's more important is that the firehose of cash has been created. 

SEE ALSO: Tesla says it's ramping up its logistics business as delivery struggles continue

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Tesla says it will start making Model 3s at its upcoming factory in China faster than expected (TSLA)

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  • Tesla will start making Model 3 sedans at its upcoming factory in Shanghai by the end of 2019, the automaker said on Wednesday.
  • Tesla had previously said parts of Model 3 production would begin in China before the end of 2019, but the automaker's fourth-quarter earnings letter indicates that it has become more optimistic about the early stages of production at the Shanghai factory. 
  • "By the end of this year we are expecting to start producing Model 3 vehicles at our Gigafactory Shanghai using a complete vehicle production line," Tesla said. "In the initial phase of Gigafactory Shanghai, we expect to have stamping, paint shop, body joining, and general assembly shops in operation by the end of 2019."

Tesla will start making Model 3 sedans at its upcoming factory in Shanghai by the end of 2019, the automaker said on Wednesday.

Tesla had previously said parts of Model 3 production would begin in China before the end of 2019, but the automaker's fourth-quarter earnings letter indicates that it has become more optimistic about the early stages of production at the Shanghai factory. 

"By the end of this year we are expecting to start producing Model 3 vehicles at our Gigafactory Shanghai using a complete vehicle production line," Tesla said. "In the initial phase of Gigafactory Shanghai, we expect to have stamping, paint shop, body joining, and general assembly shops in operation by the end of 2019."

Read more: Tesla misses on earnings, says it will produce the Model 3 at 'maximum production rates'

The automaker said its revised expectations are due to what it says will be a "radical simplification" of its production process at the Shanghai factory compared to its current vehicle production plant in Fremont, California. Tesla had struggled to ramp up production of the Model 3 during the second half of 2017 and in early 2018 before hitting a long-delayed goal of making 5,000 Model 3 vehicles in one week at the end of June. 

In addition to increased production efficiencies, Tesla said the costs of building production capacity at Shanghai factory will be less than half of the costs of building its Model 3 production line at the Fremont factory.

Tesla aims to begin by making 3,000 Model 3s per week at the Shanghai factory, with a long-term goal of producing 10,000 vehicles per week at the factory. Production at the Shanghai factory will not include high-end versions of the Model 3 like the long-range, all-wheel-drive and performance trims.

Construction of the Shanghai factory began in January. The factory will allow Tesla to avoid tariffs and shipping costs when delivering vehicles to Chinese customers. 

Tesla on Wednesday announced its earnings from the fourth quarter of 2018. The automaker posted adjusted earnings of $1.93 per share on revenue of $7.23 billion. Wall Street analysts had expected adjusted earnings of $2.10 per share on revenue of $7.1 billion.

Have a Tesla news tip? Contact this reporter at mmatousek@businessinsider.com.

SEE ALSO: Tesla is about to shut down its popular referral program — and some owners are not happy about it

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