Most unexpected was Paramount stock’s jump. Wall Street almost always disdains giant acquisitions on the theory that buyers get too excited about big deals and overpay—and indeed, that’s usually what happens. When the deal gets sealed, the buyer’s stock usually drops, but in this case it rose almost 30%. That’s probably because analysts were pleasantly surprised: They had figured Paramount would need to raise its offer from $30 to $32–$34 a share to vanquish Netflix; instead, Paramount offered just $31 and prevailed.
According to the Center for Strategic and International Studies, the Navy’s fleet consists of 233 commissioned warships and 59 are support ships. But most are in port or in maintenance and training, with less than a fifth of the force at sea for operations. As of late February, just 49 Navy ships were at sea conducting operations.
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Let me introduce you to what I call the PCM boundary. PCM (Pulse-Code Modulation) is the raw, uncompressed digital audio format that eventually gets sent to your speakers. It’s the terminal endpoint of every audio pipeline, regardless of how aggressively encrypted the source was.
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Song Hyun-jin, who interviewed more than 120 North Korean defectors about women's leadership in the regime, says it's no longer rare to see women managing factories and filling party seats in North Korea.
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