Weekend Digest: The most successful immigrant, don’t work 80 hours a week, and ‘mad day out’ with the Beatles edition

TV PREVIEW
On this week’s TV edition of Talk Business & Politics, which airs Sundays at 9:30 a.m. on KATV Channel 7 in Central Arkansas and in Northeast Arkansas on KAIT-NBC, Sundays at 10 a.m.:

The Bombshells
In a historic week, the Presidential race kicks into overdrive. After a tax bombshell that Donald Trump may have not paid federal taxes for two decades, a new controversial videotape roils the Trump-led GOP. WikiLeaks counters with new emails on Hillary Clinton.

New York Times national political correspondent Jonathan Martin joins us for a discussion on the state of the race, the battle for control of Congress, and a preview of Sunday night’s second Presidential debate.

Talk Politics
For more reaction, State Sen. Joyce Elliott and TB&P contributor John Burris discuss the latest on developments in the Presidential race, including the fallout from the new revelations.

Inside the Numbers
And a roundup on the health of the state’s economy. We’ll go inside the numbers for a look at several business data points.

Tune in to Talk Business & Politics in Central Arkansas on KATV Channel 7, Sundays at 9:30 a.m. and in Northeast Arkansas on KAIT-NBC, Sundays at 10 a.m.

SNAP TO BE VALUED AT $25 BILLION
Business Insider says “Snap Inc., the company formerly know as Snapchat, is working on an initial public offering for March that would value the company at $25 billion, according to the Wall Street Journal.”

A source familiar with the matter confirmed the company’s IPO ambitions, but told Business Insider that the situation is still “fluid” and that Snap hasn’t hired bankers at this point.

“The March timeline is arbitrary, given uncertainties like the outcome of the presidential election and the state of the capital markets, according to the source.”

For more on this story, connect here.

INTERVIEW WITH ONE OF AMERICA’S MOST SUCCESSFUL IMMIGRANTS
Forbes posts, “Do Won Chang and his wife Jin Sook landed on U.S. soil from South Korea in 1981 amid a chaotic time in their home country. Martial law had been lifted that year, following the assassination of military dictator Park Chung-hee.”

“At the time [people in] South Korea weren’t living as well… The opportunities were really narrow,” Do Won told FORBES.

Today Do Won, 57, and Jin Sook, 60, employ 43,000 people (nearly 11,000 of whom are full-time) in 790 stores in 48 countries via fast fashion phenom Forever 21, which now has $4.4 billion in sales. That’s enough for the married couple to land a spot at No. 222 on The Forbes 400 list of wealthiest Americans, with a combined net worth of $3 billion.

Go inside to learn about the improbable but remarkably successful journey by this enterprising couple at this link.

DOES WORKING 80 HOURS A WEEK LEAD TO SUCCESS?
Actually no, says Entrepreneur.

You can tell a soon-to-fail entrepreneur by the tired, haggard look in his eyes. Like extras from “The Walking Dead,” they stumble around looking not entirely alive.

Because they aren’t.

“Despite covariance in the rate of startup failures with overworked CEOs, the problem persists. Some founders are fanatical when bragging that they work 60 to 80 hour weeks. Their sense of building “sweat equity” blinds them to the sacrifices they make — to their health, to their marriages, to their families and communities. What they mistake as a successful lifestyle is actually a massive failure.”

Why do some entrepreneurs work so hard with such long hours? What mistakes are they making and what should they be doing instead? Find out by clicking on this link.

THE MISSING POLITICAL DEBATE OVER THE DIGITAL ECONOMY
“This U.S. presidential election season is leading us to rethink a lot of norms. But while it feels like a lot of our political conventional wisdom is getting turned on its head, one thing that hasn’t appeared to move forward is how we talk about the economy. We’re focused on jobs, but we’re skipping a necessary discussion of how the digital economy is shaping those jobs,” reports Harvard Business Review.

The content of the campaigns still seems largely rooted in the 20th century while much of our work is rushing to meet the demands of the 21st.

“The candidates are talking about cybersecurity (indeed they even agreed on its importance in the first debate) – but even that has been dealt with largely in glancing blows. Hillary Clinton has a tech and innovation agenda. And Donald Trump gave entrepreneur Peter Thiel a prominent speaking position at the Republican convention. But their views on how the digital economy will move the country forward still seem unclear.”

For the complete story, follow here.

THE ATLANTIC ENDORSES CLINTON
“For the third time since The Atlantic’s founding, the editors endorse a candidate for president. The case for Hillary Clinton.”

“Perhaps because no subsequent candidate for the presidency was seen as Lincoln’s match, or perhaps because the stakes in ensuing elections were judged to be not quite so high as they were in 1860, it would be 104 years before The Atlantic would again make a presidential endorsement.”

Today, our position is similar to the one in which The Atlantic’s editors found themselves in 1964. We are impressed by many of the qualities of the Democratic Party’s nominee for president, even as we are exasperated by others, but we are mainly concerned with the Republican Party’s nominee, Donald J. Trump, who might be the most ostentatiously unqualified major-party candidate in the 227-year history of the American presidency.

These concerns compel us, for the third time since the magazine’s founding, to endorse a candidate for president. Hillary Rodham Clinton has more than earned, through her service to the country as first lady, as a senator from New York, and as secretary of state, the right to be taken seriously as a White House contender.

For the complete post, follow this link.

HOW PENCE BEAT KAINE – AND REVIVED TRUMP’S CAMPAIGN
“Let’s face it, vice presidential debates typically don’t count for much. But Indiana Gov. Mike Pence’s methodical dismantling of an agitated Tim Kaine Tuesday night showed that Donald Trump surpassed Hillary Clinton in the first crucial test of any presidential nominee – picking a running mate,” according to Investor’s Business Daily.

Most observers, including many Democrats, agree that Indiana Gov. Mike Pence, the stolid conservative Republican, got the better of Sen. Tim Kaine. Pence came across as sober, mature, careful with his words, and as having a clear conservative vision.

The interruption-machine named Tim Kaine, on the other hand, seemed overly aggressive, at times even rude, and more like a “lap dog for Hillary,” as one wag put it. By one count, Kaine interrupted Pence or moderator Elaine Quijano more than 70 times.

“Kaine’s relentless attacks on Trump made him seem desperate rather than on point.”

For more analysis on the VP debate, connect here.

CLINTON HOPES FOR ‘INSURMOUNTABLE’ LEAD FROM EARLY VOTING
“Democratic presidential nominee Hillary Clinton campaign hopes to build an “insurmountable lead” in early voting in three battleground states that will cut off a path to the White House for Donald Trump,” reports The Hill.

Nevada, North Carolina and Florida could all be decided before Election Day because of historic spikes in early voting, Clinton campaign manager Robby Mook said Thursday.

“We are encouraging supporters to cast their vote early because it is possible … that we could build an insurmountable lead in those key states before Election Day,” Mook said on a press call with reporters.

“Wins in those three states would make it very difficult to imagine an Electoral College scenario in which Trump, the Republican nominee, would win the White House.”

For more on this story, go to this link.

RYAN PLANS TO STEAMROLL DEMOCRATS WITH BUDGET TOOL
POLITICO posts, “While GOP leaders have made threats in the past to use reconciliation to repeal Obamacare, Ryan is making it clear he plans to use it when it counts.”

If Donald Trump is elected president and Republicans hold onto Congress, House Speaker Paul Ryan is bluntly promising to ram a partisan agenda through Capitol Hill next year, with Obamacare repeal and trillion-dollar tax cuts likely at the top of the list. And Democrats would be utterly defenseless to stop them.

Typically, party leaders offer at least the pretense of seeking bipartisanship when discussing their policy plans. But Ryan is saying frankly that Republicans would use budget reconciliation — a powerful procedural tool — to bypass Democrats entirely. It’s the same tool Republicans slammed Democrats for using to pass the 2010 health care law over their objections.

“While GOP leaders have made empty threats to use reconciliation to repeal Obamacare in the past, Ryan is making it clear that this time he plans to use it when it counts. And he would likely have support from a Trump White House. Larry Kudlow, an economic adviser to the GOP presidential nominee, said he is also strongly urging Trump to embrace reconciliation in order to pass sweeping tax cuts.”

Connect to this link for complete details.

WHEN GILMORE GIRLS TAKES OVER YOUR LOCAL COFFEE SHOP
“Netflix’s nationwide promotion for its revival of “Gilmore Girls,” a show that has been off air for nearly a decade, basically centered around a piece of cardboard.”

Netflix orchestrated the event for 200 coffee shops in all 50 states and Canada, according to this website created for the fictional town of Stars Hollow, where the show is set.

What was it and what did it say? Answer and pictures here.

WITNESS TO A ‘MAD DAY OUT’ WITH THE BEATLES
“When Tom Murray was asked to help out on a July 28, 1968, photo shoot, he had no idea what he was about to experience,” says Time.

“One summer day in 1968 – the last Sunday in July – the 25-year-old photographer Tom Murray had a remarkable experience. After only a few months working for The Sunday Times, he was given the assignment to spend a day with the Beatles.”

Though Murray’s remarkable career has included stints photographing people like the British royal family and some of the world’s biggest movie stars, that day still stands above the rest, as he writes in a forthcoming book about the experience, Tom Murray’s Mad Day Out With The Beatles from which these photos are drawn.

Check out some of the extraordinary photos from the band’s last publicity shoot at this link.

HURRICANE MATTHEW LOOKS SERENE FROM 250 MILES ABOVE THE EARTH
Mashable posts, “Hurricane Matthew blasted through the Bahamas Thursday on its way from Haiti to Florida, toppling trees, ripping off rooftops and bringing down power lines. Authorities in the capital Nassau shut down power as 100-mile-per-hour winds ripped through the city.”

“About 250 miles above the storm, at the International Space Station, however, the view was somewhat more sedate.”

Cameras on board the ISS pictured the Category 4 hurricane moving across the islands, a strangely mesmerizing sight as its swirling eye drifted across the screen.

Check it out by clicking here.