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IBM sells The Weather Company assets to Francisco Partners on August 22, 2023 at 4:30 pm

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Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015.

Francisco Partners, the private equity firm, has signed a definitive agreement to acquire The Weather Company assets from IBM, the two companies announced today. The terms of the deal weren’t disclosed, save that it’s expected to close by the end of Q1 2024 — subject to regulatory approvals and customary closing conditions, of course.

As a part of the acquisition, Francisco Partners will get The Weather Company’s consumer-facing apps including The Weather Channel mobile, Weather.com, Weather Underground and Storm Radar, plus The Weather Company’s enterprise offerings for broadcast, media, aviation, ad tech and “data solutions.” In addition, The Weather Company will bring its forecasting science services to Francisco Partners, IBM says, as well as its tech platform.

As for IBM, it’ll retain The Weather Channel’s sustainability software business post-purchase — namely its “environmental intelligence suite” for ESG reporting. And it’ll continue to use The Weather Company’s weather data for “climate-related use cases” like the geospatial AI model it offers in Watsonx, its AI and data platform

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“We’re proud of what The Weather Company team has accomplished with IBM, and we’re confident that the best path forward is as a standalone company benefiting from Francisco Partners’ expanded investment, dedication and expertise,” Rob Thomas, SVP of software and chief commercial officer at IBM, said in a press release. “Over the last few years, we’ve evolved IBM to be a hybrid cloud and AI company. We regularly review our portfolio to make sure our business areas are core to that strategy, and today’s news reflects our continued focus on these two transformational technologies.”

When IBM purchased The Weather Company for $2 billion, it pitched the move as a major long-term analytics, big data and internet of things play. To wit, over roughly eight years, IBM has launched a number of new apps and services on top of The Weather Company’s properties, including hyperlocal forecasts, COVID-19 maps and enhanced weather forecasts leveraging data from aircraft and smartphones.

Under IBM’s management, The Weather Company, founded in 1980 as The Weather Channel, grew to serve an average of more than 415 million people each month on its consumer-facing properties and over 2,000 businesses through its enterprise products.

But IBM, which in June spent $4.6 billion to acquire Apptio, the business spend and value management platform, is under pressure to turn its financials around.

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In its most recent fiscal quarter, IBM generated revenue of around $15.5 billion, down 0.4% from its year-ago result. The company’s mainframe business alone fell 30%, while its infrastructure business declined to $3.6 billion, down 14.6%.

Facing its lowest share price in over 20 years, IBM is laying off staff, in March announcing plans to cut its headcount by 3,900 people — concentrated mostly in its Watson AI division and Kyndryl managed infrastructure business. IBM also recently sold Watson Health to Francisco Partners, a deal reportedly in the $1 billion range. (Some reports suggest IBM was seeking a similar price tag for The Weather Company.)

Francisco Partners sees a bright future in The Weather Company, saying it plans to increase investment and resources in the platform to take it “beyond forecasting alone” with “new tools and experiences” focused on health and wellbeing. On the business side, The Weather Company will offer “more actionable insights,” Francisco Partners says, alongside “real-time experiences” aimed at ad and subscription media companies.

“Amid the growing volatility of weather, The Weather Company’s unique set of consumer, media and industry-specific products provide mission critical, data-driven weather insights to individuals and businesses around the world,” Alan Ni, partner at Francisco Partners, said in a canned statement. “We’re excited to partner with the management team to grow The Weather Company’s robust portfolio of technology offerings and deliver a great product experience for its customers.”

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There’s no denying that weather forecasting is a lucrative business. A National Weather Service survey from 2012 pegs the total value of weather data that could be captured across all industries in the U.S. in the range of $13 billion. The private weather forecasting market, meanwhile, is expected to grow from $1.76 billion in value in 2022 to $4.18 billion in 2030, according to a report from Verified Market Research.

​ Following rumors that it was exploring the sale of its weather business as part of a move to streamline operations, IBM says that it’s found a buyer for The Weather Company, the weather forecasting and information company it acquired in 2015. Francisco Partners, the private equity firm, has signed a definitive agreement to acquire The 

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US May Completely Cut Income Tax Due to Tariff Revenue

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President Donald Trump says the United States might one day get rid of federal income tax because of money the government collects from tariffs on imported goods. Tariffs are extra taxes the U.S. puts on products that come from other countries.

What Trump Is Saying

Trump has said that tariff money could become so large that it might allow the government to cut income taxes “almost completely.” He has also talked about possibly phasing out income tax over the next few years if tariff money keeps going up.

How Taxes Work Now

Right now, the federal government gets much more money from income taxes than from tariffs. Income taxes bring in trillions of dollars each year, while tariffs bring in only a small part of that total. Because of this gap, experts say tariffs would need to grow by many times to replace income tax money.

Questions From Experts

Many economists and tax experts doubt that tariffs alone could pay for the whole federal budget. They warn that very high tariffs could make many imported goods more expensive for shoppers in the United States. This could hit lower- and middle‑income families hardest, because they spend a big share of their money on everyday items.

What Congress Must Do

The president can change some tariffs, but only Congress can change or end the federal income tax. That means any real plan to remove income tax would need new laws passed by both the House of Representatives and the Senate. So far, there is no detailed law or full budget plan on this idea.

What It Means Right Now

For now, Trump’s comments are a proposal, not a change in the law. People and businesses still have to pay federal income tax under the current rules. The debate over using tariffs instead of income taxes is likely to continue among lawmakers, experts, and voters.

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Epstein Files to Be Declassified After Trump Order

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Former President Donald Trump has signed an executive order directing federal agencies to declassify all government files related to Jeffrey Epstein, the disgraced financier whose death in 2019 continues to fuel controversy and speculation.

The order, signed Wednesday at Trump’s Mar-a-Lago estate, instructs the FBI, Department of Justice, and intelligence agencies to release documents detailing Epstein’s network, finances, and alleged connections to high-profile figures. Trump described the move as “a step toward transparency and public trust,” promising that no names would be shielded from scrutiny.

“This information belongs to the American people,” Trump said in a televised statement. “For too long, powerful interests have tried to bury the truth. That ends now.”

U.S. intelligence officials confirmed that preparations for the release are already underway. According to sources familiar with the process, the first batch of documents is expected to be made public within the next 30 days, with additional releases scheduled over several months.

Reactions poured in across the political spectrum. Supporters praised the decision as a bold act of accountability, while critics alleged it was politically motivated, timed to draw attention during a volatile election season. Civil rights advocates, meanwhile, emphasized caution, warning that some records could expose private victims or ongoing legal matters.

The Epstein case, which implicated figures in politics, business, and entertainment, remains one of the most talked-about scandals of the past decade. Epstein’s connections to influential individuals—including politicians, royals, and executives—have long sparked speculation about the extent of his operations and who may have been involved.

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Former federal prosecutor Lauren Fields said the release could mark a turning point in public discourse surrounding government transparency. “Regardless of political stance, this declassification has the potential to reshape how Americans view power and accountability,” Fields noted.

Officials say redactions may still occur to protect sensitive intelligence or personal information, but the intent is a near-complete disclosure. For years, critics of the government’s handling of Epstein’s case have accused agencies of concealing evidence or shielding elites from exposure. Trump’s order promises to change that narrative.

As anticipation builds, journalists, legal analysts, and online commentators are preparing for what could be one of the most consequential information releases in recent history.

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Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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