Time Magazine unveiled its 2017 Person of the Year on Wednesday. This is the year of "The Silence Breakers," which are the voices that launched a moment. Time Assistant Managing Editor Claire Howorth explains what went into making this issue.
When looking at impact and influence this year, Howorth explains, people are thinking about current conversation around women and men, and the legislative changes in the pipeline. "I think we are very at the tip of the iceberg," she says. "This is just the beginning."
In November, President Trump tweeted that Time Magazine got in touch with him, saying he'd probably be named Person of the Year. He famously tweeted, "I would have to agree to an interview and a major photo shoot. I said probably is no good and took a pass." Howorth says the tweet was incorrect. But Time Magazine does say Trump was on the short list for the cover.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
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While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
