21 August 2025

Daily Newsletter

Target CEO Steps Down Amid Sales Decline

The Facts

  • Target announced on Wednesday that Chief Executive Officer (CEO) Brian Cornell will step down from the role on Feb. 1, 2026, after 11 years leading the Minneapolis-based retailer, with Chief Operating Officer (COO) Michael Fiddelke chosen to succeed him.

  • The announcement follows dwindling sales figures for the company, with Target reporting net sales of $25.2 billion in Q2 2025, a 0.9% decline compared to Q2 2024. Comparable sales, in the meantime, fell by 1.9% and net income by 19.4% to $1.3 billion over the same period.

  • In the longer run, Target has experienced flat or declining comparable sales in nine out of the past 11 quarters. Q2 2025, however, did record a marginal improvement over Q1 2025 across all six core merchandising categories, with net sales rising by almost 2%.


The Spin

Optimist narrative

Target's choice of CEO is a wise one for the company. Fiddelke brings deep institutional knowledge and a proven track record of operational excellence at Target, particularly concerning corporate efficiencies. When combined with his unique insider perspective, this will provide continuity for Target during this challenging time in the market.

Cynical narrative

Fiddelke's internal appointment reflects Target's failure to acknowledge the severity of its problems. Target has lost its merchandising edge, alienated its core customers, and watched its sales figures continually decline; yet instead of seeking outside inspiration, it has chosen to promote the same strategic thinking that initially created these challenges.

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Judge Rejects DOJ Bid to Unseal Epstein Grand Jury Files

The Facts

  • U.S. District Judge Richard Berman rejected the Trump administration's request to unseal grand jury transcripts from Jeffrey Epstein's sex trafficking case on Wednesday, stating that the Department of Justice (DOJ) failed to demonstrate any "special circumstance" warranting their release.

  • Berman called the request a "diversion" from the administration's failure to release records connected to the disgraced former financier and claimed that the transcripts' 70 pages of evidence are "dwarf[ed]" by the 100,000 pages of Epstein materials held by the DOJ.

  • The judge also cited his concerns for the victims' safety and privacy, noting that while 23 victims spoke at the hearing, there were over 1,000 in total according to the FBI and DOJ. Berman argued it would be difficult to ascertain the consensus for disclosing the transcripts among this group.


The Spin

Government-critical narrative

The government's motion to unseal grand jury transcripts fails to meet the required circumstances. Rather, it appears to be a calculated diversion from its refusal to release the massive trove of Epstein documents already in its possession. In the interest of the victims and the public, the courts have rightfully upheld long-standing precedent and kept the records sealed.

Pro-government narrative

The administration is genuinely trying to promote transparency in the Epstein case by seeking court approval to release grand jury materials. This is a good-faith effort to satisfy the intense public demand for information, in the furtherance of which the government regards the safety and privacy of all victims and third-party interests as its highest priority.

Nerd narrative

There is an 18% chance that Ghislaine Maxwell will give oral testimony on the Epstein Files or Epstein's relationship with Trump in a hearing at the U.S. Congress before 2026, according to the Metaculus prediction community.

See sources

Copa Sudamericana Game Abandoned in Argentina After Fan Violence

The Facts

  • A second-leg game in Copa Sudamericana round of 16 between Argentine side Independiente and Universidad de Chile, or La U, on Wednesday was abandoned in the 48th minute, with the latter leading 2-1 on aggregate, as rival fans clashed in the stands of Estadio Libertadores de America in Avellaneda, Buenos Aires province.

  • According to local media, violence began before halftime with the visiting La U fans — placed in an upper tier of the stadium — throwing objects including stun grenades, rocks and pieces of seats, sinks and toilets onto home fans below them.

  • At the start of the second half, Independiente fans entered the away section to attack Chilean supporters, some of whom were beaten and stripped. TyC Sports reported that none of the 650 local police officers or the venue's security intervened in the clashes.


The Spin

Narrative A

It's unacceptable that police did nothing to prevent and stop clashes, especially as Chilean fans went to Avellaneda with the clear intent of wreaking havoc in a crowded stadium. In the face of police inaction and previous attacks from away fans, Independiente supporters resorted to violence, attacking Universidad de Chile fans.

Narrative B

It's clear that police inaction was a key factor leading to this disgraceful incident, but the responsibility of Independiente fans must not be overlooked. Numerous videos expose the cruelty of unruly supporters as they viciously attacked the remaining away fans.

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Trump Orders Border Wall Painted Black to Deter Climbers

The Facts

  • U.S. Department of Homeland Security (DHS) Secretary Kristi Noem on Tuesday announced that the entire U.S.-Mexico border wall will be painted black at President Donald Trump's specific request to make the steel structure hotter and more difficult to climb in desert temperatures.

  • This comes after the Trump administration's One Big Beautiful Bill Act, which was signed into law earlier this summer, allocated approximately $46 million for border wall construction and improvements.

  • Border Patrol officials have stated that black paint will also help prevent the steel structure from rusting, providing durability benefits beyond the heat-absorption deterrent effect that Trump believes will discourage climbing attempts.


The Spin

Republican narrative

The black paint strategy represents smart border security that works on multiple levels. Heat absorption makes climbing painful and dangerous during scorching desert days, while rust prevention extends the wall's lifespan and saves taxpayer money long-term. Combined with record-low border crossings, this practical approach shows Trump's commitment to innovative deterrence.

Democratic narrative

This expensive paint scheme already failed spectacularly during Trump's first term, when the coating peeled off after 18 months and didn't stop border crossings. Officials warned against wasting time and money on this ineffective idea while the country faced a pandemic, yet Trump insisted on pursuing his imagination over expert advice. This plan would be a big waste.

Nerd narrative

There's a 50% chance that there will be at least 1.19 million southwest land border encounters reported by U.S. Customs and Border Protection in fiscal year 2025, according to the Metaculus prediction community.

See sources

Study: US Pleasure Reading Drops 40% Over Two Decades

The Facts

  • A new study published on Wednesday by researchers from University College London and the University of Florida has found that rates of daily reading for pleasure among Americans have declined by more than 40% over the past two decades.

  • The researchers analyzed data from surveys of over 236,000 Americans aged 15 and older between 2003 and 2023, and found that the number of people reading daily for pleasure fell from a peak of 28% in 2004 to 16% in 2023.

  • As part of the study, participants were assigned at random a day of the week to recall their activities over a 24-hour period between 4 a.m. the day before their survey interview and 4 a.m. on the day of the interview.


The Spin

Cynical narrative

The decline in reading represents a serious challenge that demands immediate attention. Reading has traditionally been a highly accessible and impactful way to improve life outcomes and engage creativity. If society loses this vital tool, the consequences will reverberate across education, relationships and people’s quality of life.

Optimist narrative

Reading habits are simply evolving with the times, and popular genres like romance, fantasy, and mystery are experiencing surges in popularity through book clubs and social media discussions. Rather than lamenting cultural shifts, people should learn to embrace the level of choice on offer, from traditional print to e-books and audiobooks.

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Report: Israeli Military Database Suggests 83% of Gaza Dead Were Civilians

The Facts

  • A report released by Israeli outlet +972 on Thursday alleged that at least 83% of Palestinians killed in Gaza between Hamas' Oct. 7, 2023 attack and May 2025 were civilians. The report was based on data leaked from an internal Israeli intelligence database.

  • Israel's military reportedly confirmed the existence of the database, which is managed by the Military Intelligence Directorate. Multiple intelligence sources said the database is seen as the only authoritative tally of militant casualty figures.

  • Between Oct. 7, 2023 and May 2025, Israeli intelligence officials listed 8,900 named fighters from Hamas and Palestinian Islamic Jihad (PIJ) as dead or "probably dead," with Gaza's health ministry at the time saying that 53,000 Palestinians had been killed in total.


The Spin

Pro-Israel narrative

The report regarding the percentage of civilian casualties in Gaza is based on incorrect data. Israeli forces do not intentionally kill civilians, and such accusations in the media only fuel antisemitic attacks against Jews around the world. Hamas is responsible for civilian casualties in Gaza, as it uses the population as human shields.

Pro-Palestine narrative

This most recent report shows something that has been known since the beginning of the genocide — that Israel's primary goal is to destroy Palestinian life in Gaza. Israel has consistently lied about civilian casualties, which have been severely underreported, yet Western media has continued to shed doubt on the suffering of Palestinians. This war will only end when Israel is held accountable for its actions.

Nerd narrative

There's a 10% chance that the Gaza war will end and significant progress will be made towards a two-state solution to the Israel-Palestine conflict before January 1, 2030, according to the Metaculus prediction community.

See sources

Brazil's Bolsonaro Ordered to Explain Alleged Plans to Seek Asylum in Argentina

The Facts

  • Brazilian Supreme Court Justice Alexandre de Moraes on Wednesday gave lawyers representing former President Jair Bolsonaro 48 hours to explain an alleged draft political asylum request addressed to Argentine President Javier Milei.

  • Federal police said in a report that an undated and unsigned letter, which was last saved in February 2024 — two days after authorities searched Bolsonaro's home and office and seized his passport — was found on his cell phone. Argentine officials said that the government had never received such a letter.

  • According to Justice Moraes, the police report further detailed Bolsonaro's failure to comply with precautionary measures established for his house arrest, such as avoiding contact with other suspects in the alleged coup plot and with people other than his family members.


The Spin

Left narrative

The evidence clearly shows that Bolsonaro planned to flee Brazil to escape justice for his coup attempt. The asylum request found on his phone proves he's a flight risk who repeatedly violated court orders while his son lobbies foreign governments to pressure Brazilian institutions. This represents a direct attack on Brazil's democracy and judicial system.

Right narrative

Bolsonaro faces a politically motivated witch hunt designed to eliminate him from Brazilian politics through endless trials and inflated accusations. The undated and unsigned asylum document lacks solid evidence of actual intent, and the U.S.-sanctioned Justice Moraes has become a synonym of biased judicial decisions against right-wing figures.

Nerd narrative

There's a 4% chance that Jair Bolsonaro will be imprisoned before September 2025, according to the Metaculus prediction community.

See sources

Ukrainian Man Arrested in Italy for Suspected Role in Nord Stream Pipeline Explosion

The Facts

  • A Ukrainian man identified as Serhiy K. was arrested by Italian police near Rimini on Wednesday evening under a European arrest warrant, which was issued by German prosecutors on Monday for his suspected role in the 2022 Nord Stream pipeline explosions.

  • German prosecutors claim that Serhii K. was part of an alleged "group that planted explosive devices" on the Nord Stream 1 and Nord Stream 2 gas pipelines near the Danish island of Bornholm in September 2022, using a sailing yacht that departed from Rostock, Germany.

  • They further allege the sailing yacht was rented from a German company through intermediaries using forged identity documents, and investigators found traces of octogen explosive at the underwater blast sites, the same material discovered on the vessel.


The Spin

Anti-Russia narrative

While it's unclear who was actually behind this attack, it is clear that it targeted legitimate military infrastructure that was financing Russia's war machine through gas profits flowing to Germany. The operation was a justified wartime action, and those involved likely viewed it as taking a stand against an aggressor rather than committing a crime.

Pro-Russia narrative

While this arrest, if based on real evidence, represents progress, more must be done to expose the entire story. The Nord Stream pipelines were legitimate civilian infrastructure, making their bombing a case of international terrorism. Justice demands that all perpetrators, including the U.S. officials who likely signed off on the attack, be held accountable.

See sources

Study: Space Solar Could Cut Europe's Energy Costs by 15%

The Facts

  • King's College London researchers published a study in Joule journal Thursday showing that space-based solar power could reduce Europe's terrestrial renewable energy needs by 80% and cut total power system costs by 7-15% by 2050.

  • The study analyzed two NASA designs — the Innovative Heliostat Swarm with continuous solar capture potential and the Mature Planar Array with 60% efficiency — compared to Earth-based solar panels with 15-30% efficiency.

  • Space-based solar panels would orbit Earth continuously facing the sun, transmitting energy to ground stations via microwaves for conversion to electricity and grid integration. This would avoid weather and natural disaster disruptions.


The Spin

Techno-optimist narrative

Space-based solar represents a game-changing breakthrough that could revolutionize Europe's energy future. The technology offers continuous power generation unaffected by weather, natural disasters, or day-night cycles. With a potential 80% reduction in terrestrial renewable needs and 15% cost savings, this innovation could accelerate net-zero goals while providing reliable baseload power.

Techno-skeptic narrative

Space-based solar energy remains prohibitively expensive, with costs currently 12 orders of magnitude above break-even points needed for viability. The technology faces massive technological hurdles — including wireless power transmission, orbital assembly, space debris risks and the cost of launching and maintaining these systems. Space solar is still a distant dream, and it's not yet economically sound.

Nerd narrative

There is a 50% chance that at least 30.7 gigawatts of space-based solar photovoltaic cells will be installed by 2050, according to the Metaculus prediction community.

See sources

NY Appeals Court Tosses Trump's $500M Civil Fraud Penalty

The Facts

  • A New York appeals court on Thursday threw out the approximately $500 million civil fraud penalty against President Donald Trump, ruling the fine was excessive and violated the Eighth Amendment of the Constitution.

  • The five-judge appeals panel upheld the fraud liability finding against Trump and his company but disagreed on the case's merits. The judges issued three separate opinions totaling over 300 pages.

  • Democratic New York Attorney General Letitia James, who said she intends to appeal the ruling, brought the civil fraud case in 2022, alleging Trump inflated his net worth by billions to secure favorable loan terms from banks and insurers.


The Spin

Pro-Trump narrative

This ruling totally vindicates Trump and exposes the politically motivated witch hunt that James orchestrated. She literally campaigned on targeting Trump and then brought this lawfare against him as a form of election interference. This isn't the first time James' corruption has been exposed and, thankfully, the appeals court saw through her politically motivated case.

Anti-Trump narrative

Trump and his allies are misinterpreting this ruling. While the panel found the financial penalty against Trump was too severe, the court clearly affirmed that he committed fraud for years and James acted lawfully to protect New York's financial markets. Although it appears he's going to escape accountability, Trump could still face punishment on appeal.

Nerd narrative

There's a 31% chance that the Department of Justice will announce an investigation or prosecution of a Democrat who served as president, vice president, congressional leader, whip or impeachment manager before Jan. 1, 2026, according to the Metaculus prediction community.

See sources


© 2025 Improve the News Foundation. All rights reserved.Version 6.15.0

© 2025 Improve the News Foundation.

All rights reserved.

Version 6.15.0