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Good morning. It's Tuesday, April 22, and we're covering the passing of the Catholic Church's leader, the collection of student loan debt, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.

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Need To Know
 

Pope Francis Dies

Pope Francis died at the age of 88 of a stroke and irreversible heart failure, the Vatican announced yesterday. The Argentine-born pontiff had returned to work following a battle with double pneumonia and related health complications in late March after a five-week hospital stay. He made his last public appearance at St. Peter’s Basilica on Easter Sunday, offering a final blessing for the world’s 1.3 billion Catholics.

 

Born Jorge Mario Bergoglio, he was the first Jesuit pope, the first from the Americas, and the 266th leader of the Catholic Church. His papacy, which began in 2013, was marked by reforms addressing climate change, Vatican finances, a focus on synodality—where all members of the church participate in its mission—and efforts to tackle clerical abuse and promote social justice. Pope Francis lived simply in a small Vatican apartment rather than in the Apostolic Palace.

 

The church now enters the "sede vacante" period with Irish American Cardinal Kevin Farrell acting as the camerlengo, or acting head of the Vatican until a new pontiff is elected. Cardinals under the age of 80 will convene within 15 to 20 days to elect a new pope through a secret ballot conclave. See the significance of black or white smoke here.

 

Defaulted Student Loans

The US Education Department announced yesterday it will resume involuntary collections on defaulted federal student loans for the first time starting May 5, ending a pause that began five years ago during the COVID-19 pandemic. 

 

Under a Treasury Department program, the government will deduct overdue loan payments from tax refunds, federal salaries, and benefits. Wage garnishment—where a portion of wages are withheld and sent to loan holders—will resume after a 30-day notice period. Impacted borrowers will receive notifications within two weeks. More than 5 million borrowers are currently in default, while an additional 4 million have made late payments. Roughly one-third of 38 million borrowers are making payments on their student loans, per government data. 

 

Separately, Harvard sued the Trump administration yesterday after the government withheld more than $2.2B in grants and $60M in contracts to pressure the university into complying with a list of policy and program reforms.  

 

For background, check out 1440's pages on college tuition and student debt

 

Boston Marathon Winners

Kenya’s John Korir won yesterday’s Boston Marathon, finishing the race in 2 hours, 4 minutes, and 45 seconds on the men's side. Kenya’s Sharon Lokedi won on the women’s side with a time of 2:17:22—a new women's course record.

 

Korir’s winning time falls less than 5 minutes shy of the marathon world record set in 2023 by Kenyan runner the late Kelvin Kiptum at 2:00:35. Korir joins his older brother Wesley (who won the Boston Marathon in 2012) as the first siblings to have won the race. Kenyans have historically dominated some of the top marathon times, a trend that may be attributable in part to the Rift Valley’s high elevation serving as a natural training ground for young athletes.

 

The Boston Marathon is the world's oldest, dating back to 1897, and is widely considered the most prestigious (see history). Over 30,000 runners competed in this year’s 26.2-mile course, beginning in the town of Hopkinton and ending in Boston's Copley Square. Visualize how far 26.2 miles is here.  

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In The Know
 

Sports, Entertainment, & Culture

> Pro Football Hall of Famer and podcaster Shannon Sharpe accused in $50M civil lawsuit of sexual assault and battery (More

Duke star freshman Cooper Flagg confirms he will enter NBA Draft, is widely projected to be top pick (More) | ... and NBA playoffs are ongoing; see latest bracket (More) | ... as are the NHL's Stanley Cup playoffs; see complete schedule (More) | Hockey 101 (More)

> Ill-fated 2017 Fyre Festival to be turned into music streaming service that includes a subscription video-on-demand platform; Fyre Festival 2 was recently postponed indefinitely (More

Country Music: From its roots in Colonial America to the Grand Ole Opry, explore the genre in this week's 1440 Society & Culture newsletter

 

Science & Technology

> NASA's Lucy mission makes flyby of 150-million-year-old asteroid fragment; images expected to shed light on the collision processes during the early formation of the solar system (More) | The history of NASA (More)

> Engineers develop hyper-resilient lithium-ion battery that can be stretched and twisted and can continue to power devices after being cut in half (More

> Lemur study reveals evolutionary changes to the way their brains respond to oxytocin determine whether females are highly aggressive or amiable; results shed light on how hormones influence behavior in humans (More

 

Business & Markets

> US stock markets close lower (S&P 500 -2.4%, Dow -2.5%, Nasdaq -2.6%) as US dollar drops to three-year low after President Donald Trump pressures Federal Reserve Chair Jerome Powell to lower interest rates immediately (More) | Learn more about markets, taxes, and much more with 1440 Business & Finance (More)

> FTC sues Uber for alleged deceptive billing and cancellation practices tied to its Uber One subscription service (More) | Justice Department asks federal judge to address Google's monopoly in internet search by forcing the $1.8T tech giant to sell Chrome, among other measures, as three-week hearing on remedy kicks off (More

> Walgreens to pay up to $350M to settle federal claims over allegedly filling millions of invalid prescriptions for opioids and other controlled substances from August 2012 to March 2023 (More) | What you need to know about the opioid crisis (More)

In partnership with FinanceBuzz

11 Dumbest Things Smart People Waste Money On

You’re a smart person. You do the normal money-saving things… you love a deal at the clearance rack. You don’t eat lunch out too much. And you meticulously selected the perfect combo of streaming services to watch your favs for as cheap as possible. 

 

But there are some tips you may not know (yet) — and that’s a good thing! Because once you see some of the areas where you can cut your costs, you could find some extra cash in your pocket sooner than you think.

 

1440 readers → Check out these tips to save you more.

 
 

Politics & World Affairs

> White House expresses support for Defense Secretary Pete Hegseth, who reportedly shared sensitive information about US strikes in Yemen in another Signal group chat, which included his wife, brother, and personal lawyer (More)

> Nadine Menendez, wife of former US Sen. Bob Menendez (D), convicted of joining her husband in yearslong bribery scheme tied to Egypt (More) | Man pleads guilty to killing 23 people and wounding 22 others in a mass shooting at an El Paso, Texas, Walmart in 2019, receives life sentence without parole (More

> US Supreme Court hears challenge to the Affordable Care Act’s requirement that insurers provide certain preventive health services at no cost (More

 

In-Depth

> 'I Found Your Dad'

ESPN | Ryan Hockensmith. In 2024, Ryan Cooper climbed Peru's Huascarán—one of the world's most dangerous mountains. He didn't expect to stumble across the remains of a man who'd gone missing 22 years ago. (Read)

 

> The Pork Taboo

Archaeology Magazine | Andrew Lawler. More than one-third of the world's meat comes from pork despite widespread religious prohibitions. Where does the taboo on pigs come from? (Read)

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7 Mistakes People Make When Hiring an Advisor

 

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Etcetera
 

The science of optical illusions.

 

Inside Home Depot’s $20B secret garden.

 

Your favorite music prompts the brain to release opioids.

 

How Stephen King became the master of horror. (via YouTube)

 

... and learn more about King's career here.

 

Play the classic game Snake—but on a map of the world.

 

Users find ChatGPT too "relentlessly positive."

 

Meet the sifaka, nature's pogo stick.

 

Clickbait: An age-old question—what happens to mummies' eyeballs? 

 

Historybook: Pulitzer Prize-winning novelist Ellen Glasgow born (1873); Earth Day first celebrated in the US (1970); Photographer Ansel Adams dies (1984); President Richard Nixon dies (1994); Former NFL football player Pat Tillman killed during the war in Afghanistan (2004). 

"Passion is what makes life interesting."

- Pat Tillman

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*Disclosure: "Journal of Retirement Study Winter" (2020). The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of your future results. Please follow the link to see the methodologies employed in the Journal of Retirement study.

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