Morning Wire Multi-State 401K Lawsuit & Social Media Brain Toll | 2.1.23
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Feb 1, 2023 A new rule by the Biden Administration could jeopardize the 401K savings of millions, especially those in ESG funds, sparking lawsuits from 25 states. Amidst ongoing conflicts, Ukrainian officials seek more military support to counter Russian aggression. Meanwhile, the U.S. Surgeon General warns about the detrimental effects of social media on children's mental well-being, with studies indicating it may alter brain function and increase sensitivity to social cues among adolescents.
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ESG Lawsuit
- 25 states sue Biden administration over ESG 401k rule.
- They argue that it prioritizes social factors over profits, violating ERISA and harming retirement savings.
Ukraine Aid
- Ukraine requests more military aid, including fighter jets and missiles, amidst ongoing Russian shelling.
- U.S. military aid has been crucial for Ukraine's survival, significantly weakening Russia's military capabilities.
Social Media & Brains
- The U.S. Surgeon General warns about social media's impact on adolescent brain development.
- Studies suggest a correlation between increased social media use and heightened sensitivity to social feedback, potentially linked to mental health issues.