Christmas is just two days away and unfortunately for travelers and last-minute shoppers alike much of the Northeast and Midwest is set to be hit by a “bomb cyclone,” the colloquial term for a meteorological phenomenon known as “bombogenesis.” Some may remember the “bomb cyclone” that wracked the Northeast in 2017- I certainly do, having spent a full 24 hours at JFK. And, yes, “bomb cyclone” and “bombogenesis” are in fact real words used to describe an intense Artic storm blast.
In 2022, such a storm could pose a major challenge to shoppers who left gift-purchasing until the last minute. ShipMatrix, a research firm that tracks data on the shipping industry and its efficiency, estimates that Amazon, FedEx, UPS and the U.S. will be shipping nearly 100 million packages per day in this final push leading up to Christmas. The winter storm warning covers nearly half the country extending from the Northwest to the Ohio Valley.
In other news, top FTX executives co-founder Gary Wang and Alameda Research CEO Caroline Ellison have pleaded guilty to fraud in connection to the collapse of the company. The pair face up to 50 and 110 years in prison respectively and are expected to cooperate with authorities in return for reduced sentences. This news comes right on the heels of Sam Bankman-Fried’s extradition to the U.S. from the Bahamas.
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