BREAKING NEWS: Dominion Voting System's $1.6B defamation lawsuit trial against Fox News was called off on Tuesday after the parties reached a settlement. Delaware Superior Court Judge Eric Davis made the announcement shortly before attorneys were due to make their opening statements. In the lawsuit, Dominion argued that Fox News knowingly spread false claims that the company's voting machines were used to rig the 2020 Presidential election. * This is a breaking news update. The morning edition of the Inside Daily Brief will provide more details about the settlement.
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 What the numbers say: After dipping by more than $100B in the early days of the Covid pandemic, total outstanding U.S. credit card debt reached a record $930.6B at the end of 2022.
Relevance: Total outstanding credit card debt rose by 18.5% from 2021 to 2022, and the average outstanding balance reached $5,805 last year. The share of household income going toward consumer debt payments increased to 5.76% in late 2022, in line with pre-pandemic levels. What's next: While only 2.25% of Americans' total outstanding credit card balances are at least 30 days delinquent, data shows that the rate of delinquencies is increasing. With borrowing costs remaining high and the red-hot labor market of the last two years slowing down, it is likely that more and more Americans will struggle to pay their debt. Note: The chart only shows U.S. credit card debt owed to large banks.
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 Annual inflation in Canada fell to 4.3% in March, the lowest rate since August 2021. The drop, from 5.2% in February, comes a month after the Bank of Canada paused its interest rate hiking campaign after raising borrowing costs for eight consecutive meetings. More: - The slowdown was driven by lower energy prices, with gasoline prices falling for the second consecutive month on an annual basis.
- Food prices rose by 9.7% in March, down from the 10.6% annual rate for February.
- The Consumer Price Index rose 0.5% from the previous month, in line with forecasts.
Zoom Out: - The Bank of Canada became the first major central bank to pause its rate-hiking campaign last month, when it kept its overnight interest rate at 4.5%.
- The central bank projects that headline inflation will fall to ~3% by mid-2023.
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 A message from MONOGRAM The $19.4B joint replacement market may be entering a new era, and this company is hoping to lead the way. It is estimated that up to 50% of joint replacements will be robotic by 2030 and Monogram is aiming to have the first active navigated robotic arm on the market. And you can invest in the company ahead of their planned Nasdaq listing. With 100,000 failed joint replacement surgeries every year, we believe that this market has been due for a realignment. Surgeons have been forced to rely on the same technology, like hand saws and generic-sized joint implants for the last 40 years. Monogram’s surgical robots and 3D-printed joint components are hoping to up the ante when it comes to personalization and precision. They’ve already demonstrated how their surgical system works on cadavers in front of 5,000+ live viewers, they have 20 patents filed, and 17,000+ people have previously invested. Join Monogram ahead of their intended NASDAQ listing. Invest Now
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 McKinsey and Bain, two of the world's top management consultancies, are delaying the start dates of new MBA hires. Major consultancies including McKinsey, KPMG, and Ernst & Young have announced layoffs in recent months. More: - Bain told MBAs with job offers that it will pay them $40,000 if they work at a non-profit and delay their start date until April 2024.
- It has also offered $30,000 to future employees who want to learn a new language while delaying their start at the firm.
- McKinsey has not given start dates to new MBA hires, instead telling them that they will start sometime between their graduation and February 2024.
- Boston Consulting Group, another blue-chip consultancy, said new hires would have their start dates staggered across the second half of 2023 and into January 2024.
- William Blair & Co., an investment bank, found that the number of job postings at the Big Four accountancy and consulting firms — Deloitte, KPMG, EY, and PWC — has declined by 62% from last year.
Zoom Out: - Consulting is one of the highest-paying and most common jobs for graduates of top MBA programs.
- MBA graduates from Harvard Business School, the University of Pennsylvania, and UC Berkeley that went into consulting after graduating in 2022 had median annual salaries of $175,000.
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 Six novels were shortlisted for the International Booker Prize, which is awarded to the best work of fiction translated into English in the past year. Novelist Leïla Slimani, who chairs the selection panel, described the finalists as "bold, subversive, nicely perverse — there is something sneaky about a lot of them." More: - 89-year-old Guadeloupean novelist Maryse Condé's novel "The Gospel According to the New World," which was originally written in French, centers on the life of a child in Martinique who grows up to become a messianic figure.
- Catalan author Eva Baltasar's book "Boulder" documents the lives of two women who immigrate to Iceland, focusing on the challenges they face after deciding to have a child together.
- "Standing Heavy" was written by an author from the Ivory Coast who writes under the pseudonym GauZ'. It follows several undocumented African immigrants who work as security guards in France.
- Mexican author Guadalupe Nettel's novel "Still Born" follows two female best friends who are opposed to motherhood as one of them becomes pregnant.
- "Whale," by Korean novelist Cheon Myeong-kwan, is a magical-realist tale about a young woman who builds a movie theater designed to look like a whale.
- Bulgarian author Georgi Gospodinov's book "Time Shelter" is about a psychiatrist who helps create historical locations for dementia patients so they can retain memories.
- The winner will be announced on May 23.
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 A message from DOIT Take your Google Cloud knowledge to the next level with the Google Cloud Cookbook. Master building on Google Cloud with real-world examples and code snippets. Whether you’re looking for practical ways to apply microservices, AI, analytics, security, or networking solutions, this cookbook helps you level up your cloud computing, regardless of your experience level. In this book, you will: - Gain hands-on experience using practical examples and labs
- Explore topics that include BigQuery, Cloud Run, and Kubernetes
- Build and run mobile and web applications on Google Cloud
- Examine ways to build your cloud applications for scale
- Build a minimum viable product (MVP) app to use in production
- Learn data platform and pipeline skills
This book is offered compliments of DoiT, your partner to provide technology and cloud expertise to reduce cloud costs and boost engineer productivity. Download Now
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 A recording purportedly shows a sheriff and several county officials in Oklahoma talking about killing journalists and hanging Black people. Following the release of the recording last weekend, Oklahoma Governor Kevin Stitt called on the officials to resign. More: - The sheriff's office issued a statement claiming that the recording was captured illegally and that felony charges would be filed against the journalist who recorded the officials.
- Bruce Willingham, the publisher of the McCurtain Gazette-News, said he left a voice-activated recorder in the room where a county commissioner's meeting had taken place on March 6.
- He said he wanted to find out if officials were discussing county business after the meeting had ended in violation of Oklahoma's Open Meeting Act.
- The recording purportedly shows Sherriff's Captain Alicia Manning and a county commissioner discussing Willingham and his son Chris Willingham, who works as a reporter for the newspaper.
- Manning, who is white, said she knew several hitmen and "where two deep holes are dug if you ever need them."
- She also appeared to complain about not being able to hang Black people.
- More than 100 protesters gathered in front of the local courthouse on Monday to demand the resignation of the involved officials.
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 New data shows that 5% of new cases of diabetes could be linked to a COVID-19 infection. According to a new study published in the JAMA Network Open medical journal, people who were hospitalized for COVID-19 appeared to be at the greatest risk of a subsequent diabetes diagnosis. More: - Researchers looked at the medical records of 629,935 people in British Columbia who took a PCR test for COVID-19.
- They found that those who tested positive were more likely to be diagnosed with type 1 or type 2 diabetes in the weeks and months that followed.
- They estimate that 3-5% of the new diagnoses were attributable to COVID-19.
- Across the general population, the connection between a positive COVID test and new diabetes diagnosis was only apparent among men, possibly because of gender-specific immune responses to COVID-19.
Zoom Out: - While most of the people in the study were diagnosed with type 2 diabetes, which is more common in adults, separate research has found that COVID-19 infection is likely to be associated with type 1 diabetes in children.
- Dr. Caroline Ponmani identified a 17% increase in new-onset diabetes cases among children in the U.K. and Ireland during the first year of the pandemic.
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- Goldman Sachs reported that its Q1 2023 profit fell 18% from a year prior, largely due to a slowdown in investment banking dealmaking and losses on its Marcus personal loan portfolio.
- Republican New Hampshire Governor Chris Sununu told GOP donors that he had encouraged Fox News to break out of its "echo chamber" to increase the Republican Party's prospects with moderate Americans.
- Buffalo Bills safety Damar Hamlin has been fully cleared to return to playing football. On Jan. 3, Hamlin suffered cardiac arrest during a regular season game against the Cincinnati Bengals.
- The 67 million-year-old skeleton of a Tyrannosaurus rex was sold to a private individual for $6.2M in the first-ever auction of a T-Rex skeleton in Europe.
- Sales pros worldwide say sales ops is key to productivity. Download the new "Trends in Sales Ops" report to learn more.*
*This is a sponsored post.
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 Impression, Sunrise by Claude Monet. 1873.
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Upcoming Events - April 18 - Human Resources Summit'23 (Watch Now)
- April 18 - Inside Interview with TravelBank: Why Employee Happiness Is Falling More Into The Financial Sector * (Watch On Demand)
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- April 27 - Inside.com Book Club - REWORK by 37signals (Register Here)
- May 02 - Inside Startups Coffee Break (Register Here)
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 |  | Dr. Daniel Smith is an Inside writer with a Ph.D. in Political Science from the University of Cambridge. Follow him on Twitter @DJS12321 or email him at Daniel@inside.com. |  | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Surgery won’t look the same in 10 years – invest in Monogram, the robots pioneering more precise procedures. | |
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