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Inheritance and Work Incentives in Austria
Businessder-standard10d ago

Inheritance and Work Incentives in Austria

A discussion on Austria's high part-time employment rate suggests that international studies show a decrease in labor supply after inheritances. Taxation of inheritances could counteract this trend, though not in the manner currently proposed in Austria.

11 of Carolyn Bessette-Kennedy's best fashion moments
CultureBusiness Insider12d ago

11 of Carolyn Bessette-Kennedy's best fashion moments

John F. Kennedy Jr. and his wife, Carolyn Bessette Kennedy, attended the Municipal Art Society Gala in 1998. Richard Corkery/NY Daily News Archive/Getty Images Before her death in a plane crash, Carolyn Bessette-Kennedy was a well-known fashion icon. As the wife of John F. Kennedy Jr., she was frequently photographed at glamorous events. Bessette-Kennedy's style is practically a main character in "Love Story." Arguably, no one can nail classic, "cool-girl" style quite like Carolyn Bessette-Kennedy did. Bessette-Kennedy shot to prominence in the mid to late '90s as the girlfriend and then the wife of John F. Kennedy Jr., the son of former President John F. Kennedy and Jacqueline Kennedy Onassis. John F. Kennedy Jr., Carolyn Bessette-Kennedy, and her older sister, Lauren Bessette, were killed in a plane crash on July 16, 1999. There were no survivors from the accident, which happened off the coast of Martha's Vineyard. Before her passing, Bessette-Kennedy was known as a fashion icon, thanks to her minimalist outfits, which embodied what we now call the quiet-luxury aesthetic and featured a color palette of mostly black, white, beige, and navy blue. Her personal style is now coming back into the zeitgeist with the release of Ryan Murphy's "Love Story," which chronicles the couple's seven-year relationship. Here are 11 of Carolyn Bessette-Kennedy's best, most timeless looks. Carolyn Bessette-Kennedy defied the fashion "rule" that you can't mix black, brown, and beige. John F. Kennedy Jr. and Carolyn Bessette-Kennedy stand in front of their apartment in Tribeca. Jon Naso/NY Daily News Archive/Getty Images Pictured here with John F. Kennedy Jr. in front of their Tribeca apartment in New York City, Bessette-Kennedy embodied classic autumnal fashion by pairing patent-leather brown boots with a simple black sweater and a camel-colored, calf-length skirt. She accessorized with an understated black-leather bag and swept her blonde hair back into a low ponytail. Before she married John F. Kennedy Jr., she was a publicist at Calvin Klein, which appeared to influence her personal style. Carolyn Bessette-Kennedy at the Annual Fundraising Gala on March 9, 1999. Evan Agostini/Liaison/Getty Images Bessette-Kennedy knew how to ace perfectly tailored, classic pieces similar to the ones Klein is known for, like this structured white button-up and black mermaid-tail skirt. Vogue called this minimalist look "the epitome of uptown glamour without compromising her pared-back aesthetic." She largely stuck to a basic black palette for formal events. John F. Kennedy Jr. and Carolyn Bessette-Kennedy at the Municipal Art Society Gala in 1998. Richard Corkery/NY Daily News Archive/Getty Image Pictured here with her husband at the Municipal Art Society Gala in 1998, Bessette-Kennedy wore a strapless black column gown, velvet gloves, and pointed strappy stiletto heels. However, for an off-duty look, she didn't shun color altogether. Carolyn Bessette-Kennedy in New York City in 1996. Lawrence Schwartzwald/Sygma/Getty Images In 1996, while walking around New York City, she was photographed wearing a flowy summer dress with a bright floral print, black strappy heels, and a black, patent-leather handbag. She looked effortlessly cool in a pair of perfectly tailored jeans and strappy sandals. Carolyn Bessette-Kennedy in New York City in 1996. Lawrence Schwartzwald/Sygma/Getty Images This classic look, from the black sleeveless tank to the brown-and-cream heeled sandals, would still be stylish now. She often accessorized with a pair of sunglasses. Carolyn Bessette-Kennedy walking on Madison Avenue in 1997 Lawrence Schwartzwald/Sygma/Getty Images These rounded black sunglasses paired with a black button-up and green cargo pants epitomized '90s fashion. She was also the master of a classic coat. Carolyn Bessette-Kennedy in January 1997. Lawrence Schwartzwald/Sygma/Getty Images While heading to the airport to catch a flight for Bill Clinton's inauguration in January 1997, Bessette-Kennedy was photographed wearing a camel-colored skirt, black leather boots, and a belted black suede coat. Nothing screams classic New York style like a pair of jeans, a white T-shirt, and a black leather jacket. Carolyn Bessette-Kennedy in October 1996. Lawrence Schwartzwald/Sygma/Getty Images She finished the look with a tortoise-shell headband and a pair of oval sunglasses. Even for events, she leaned into structured outerwear. John F. Kennedy and Carolyn Bessette during "Newman's Own" George Awards at US Customs House in New York City in 1999. Ron Galella/Ron Galella Collection via Getty Images When attending the Newman's Own George Awards in 1999, she paired a black coat with ruffled detailing with simple black pants and strappy heels. Even when walking around New York City, she upgraded an otherwise casual look by choosing designer pieces. John F. Kennedy Jr. and Carolyn Bessette-Kennedy walk in New York City in 1996. New York Daily News/NY Daily News via Getty Images In this 1996 ensemble, she layered a grey Miu Miu dress beneath a sleek black coat, striking a balance between understated elegance and effortless cool. Tall black boots elongated the silhouette, while a glossy patent-leather bag added a more playful touch. Carolyn Bessette-Kennedy will always be remembered as a fashion icon. John F. Kennedy Jr. and Carolyn Bessette-Kennedy in 1997. Brooks Kraft LLC/Sygma/Getty Images Bessette-Kennedy effortlessly blended elegance and simplicity in her fashion, becoming one of the decade's most recognizable style icons. There's no arguing that Bessette-Kennedy, through her iconic minimalist style, made a lasting impact on the fashion world. She showed that while fast-fashion trends come and go, simple elegance lasts forever. Read the original article on Business Insider

Schüller returns as Germany's women start World Cup mission
SportYahoo14d ago

Schüller returns as Germany's women start World Cup mission

Lea Schüller, Carlotta Wamser and Sophia Kleinherne all returned to the Germany squad on Tuesday for the start of Women's World Cup qualifying. Christian Wück named a 23-player squad for the opening games against Slovenia in Dresden on March 3 and in Norway four days later.

Ethan Klein net worth questioned after podcaster sponsors Los Angeles billboard linked to James Charles misconduct controversy
CultureTimes of India15d ago

Ethan Klein net worth questioned after podcaster sponsors Los Angeles billboard linked to James Charles misconduct controversy

A Los Angeles billboard referencing past controversy involving James Charles sparked renewed online discussion, leading Ethan Klein to respond during his podcast. As the story gained attention, viewers also searched for details about his net worth and podcast career. The situation highlights how quickly internet conversations return and how creators remain at the center of discussions long after events first make headlines.

BTS’s Jung Kook Strips Down in Calvin Klein Denim Campaign
Culturevariety7d ago

BTS’s Jung Kook Strips Down in Calvin Klein Denim Campaign

Calvin Klein revisits the ’90s in the brand’s Spring 2026 denim campaign, starring Jung Kook of mega Kpop group BTS. Jung Kook, first named a Calvin Klein brand ambassador in 2023, has already starred in two denim and underwear campaigns for the brand. The spring collection, marking his third, puts jeans front and center, with […]

Photos show how 'Love Story' recreated Carolyn Bessette-Kennedy's iconic style
CultureBusiness Insider11d ago

Photos show how 'Love Story' recreated Carolyn Bessette-Kennedy's iconic style

JFK Jr. and Carolyn Bessette in New York City, and Paul Kelly and Sarah Pidgeon are seen on the set of "Love Story." Mitchell Gerber/Corbis/VCG via Getty Images; Jose Perez/Bauer-Griffin/GC Images/Getty Images "Love Story" follows the doomed love story of JFK Jr. and Carolyn Bessette-Kennedy. The show recreates several of Bessette-Kennedy's iconic looks and timeless style. The show's costume designer was replaced after initial backlash to how star Sarah Pidgeon was styled. The iconic style of Carolyn Bessette-Kennedy has been often imitated but never replicated — until now. "Love Story," which is produced by Ryan Murphy for FX, chronicles the fated relationship between John F. Kennedy Jr. and Carolyn Bessette-Kennedy, who died in a plane crash off the coast of Martha's Vineyard in July 1999. The series has drawn praise for its striking casting — with Sarah Pidgeon bearing an uncanny resemblance to Carolyn Bessette-Kennedy and Paul Anthony Kelly closely capturing the look of John F. Kennedy Jr. — as well as for its thoughtful costume design, which carefully recreates and honors Bessette-Kennedy's real-life style. Here's a look at how the show recreated and paid homage to Carolyn Bessette-Kennedy's style. The series recreated an early Carolyn Bessette-Kennedy look down to the leather loafers. Jenny Landy and Carolyn Bessette Kennedy in New York City in 1995; Sarah Pidgeon is seen filming "Love Story" in New York City. Patrick McMullan/Patrick McMullan/Getty Images; TheStewartofNY/GC Images In this scene, before she meets John F. Kennedy Jr. for the first time, Carolyn (played by Sarah Pidgeon) wears a simple black turtleneck, flared black capri pants, and black leather loafers. In both the show and real life, Bessette-Kennedy worked as a showroom assistant for Calvin Klein before rising the ranks to become head of publicity for the fashion house. Despite marrying into American royalty, Bessette-Kennedy knew how to perfect a casual look. JFK Jr. and Carolyn Bessette in New York City, and Paul Kelly and Sarah Pidgeon are seen on the set of "Love Story." Mitchell Gerber/Corbis/VCG via Getty Images; Jose Perez/Bauer-Griffin/GC Images/Getty Images She was often seen wearing loose Levi's 517 jeans, her hair slicked back into a bun, with a simple monochromatic coat over the top. When it came to recreating the New York City icon's style, the series didn't always nail it. Early leaked images from the set were criticized online for being too modern, fast-fashion-looking, and different from Kennedy-Bessette's more upscale style. In response to the backlash, the show brought in a new costume designer, Rudy Mance, who dedicated himself to making the costumes as accurate as possible. "I get it. I'm protective of [John and Carolyn] as well. We all just wanted to be as precise and accurate as possible," Mance told Variety. Mance said he and his team studied for months throughout filming, comparing old paparazzi photos of the couple with the new looks he was creating for the show and pulling in as many archival and vintage pieces as possible to accurately recreate the look. Part of Bessette-Kennedy's enduring appeal was her dedication to a minimalist, understated style that felt polished yet effortlessly cool. Lawrence Schwartzwald/Sygma/Getty Images; Jose Perez/Bauer-Griffin/GC Images/Getty Images "There's so much mystery about Carolyn. My familiarity with her was through paparazzi images," lead actor Sarah Pidgeon told Vogue. Mance said that recreating Kennedy's style before she was thrust into the public eye was the most challenging. "Everybody knows what they wore from 1996 to 1999, but we were telling the story of how they met," he said, according to Glamour. Her formal looks remained simple but added a sexy edge, a balance "Love Story" tried to recreate. Carolyn Bessette-Kennedy and JFK Jr. in 1998; Sarah Pidgeon in "Love Story." Steve Eichner/Penske Media/Getty Images; FX Networks Bessette-Kennedy often looked effortlessly sexy when she stepped out on red carpets, like in the strapless black Yohji Yamamoto gown photographed above. Pidgeon wears a similar dress for her meet-cute with Kelly in episode one of the series. It was delicate work for Pidgeon to strike the same balance, especially when fans reacted strongly to early images of her in the role. However, the actor told Vogue she was ultimately grateful for the public feedback about her portrayal. "The online conversations at the beginning of the process served as a reminder of how important it was to get our portrayal of Carolyn correct. She grew even more important to me," Pidgeon told Vogue. "People really, really love Carolyn, and my priority every single day on set was doing justice to her legacy." And even when they were recreating simple outfits, the "Love Story" team ensured the fit was similar to what Carolyn would have worn. Carolyn Bessette Kennedy poses for a picture at a gala in 1999; Sarah Pidgeon in "Love Story." Evan Agostini/Liaison/Getty Images; FX Networks Although Bessette-Kennedy's simple outfits could be recreated with off-brand designers — like the white blouse and floor-length black skirt by Yohji Yamamoto that she wore in 1999 — Mance was dedicated to finding archival pieces. Pidgeon was wearing true recreations of Bessette-Kennedy's looks whenever possible. He also ensured the pieces would fit Pidgeon similarly to how they fit Bessette-Kennedy, as Pidgeon told Vogue. "We found her Prada and Valentino coats, and fitted some Levi's so that they looked exactly how they fit Carolyn," Pidgeon told Vogue. By recreating the magic of Bessette-Kennedy's wardrobe, the "Love Story" team offered a window into her world. Carolyn Bessette Kennedy in 1999; Sarah Pidgeon on the set of "Love Story." Justin Ide/Getty Images; Jose Perez/Bauer-Griffin/GC Images/Getty Images Kennedy's clothes were always going to play a central part in her on-screen portrayal since style was so critical to her identity. However, Pidgeon said she hoped the clothes she wears offer a jumping-off point for the total woman she hopes to portray. "She is known as this minimalist fashion icon, but I learned that she was also vivacious, funny, and had a wildness about her," she told Vogue. Read the original article on Business Insider

Jay-Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made
CultureBusiness Insider13d ago

Jay-Z's luxury watch collection is worth millions and includes one of the most complicated timepieces ever made

Samir Hussein/Getty Images Billionaire rapper Jay-Z loves luxury watches; the rarer and harder to get, the better. His collection includes timepieces from Audemars Piguet, Richard Mille, and Patek Philippe. He's even worn watches valued at $1 million to attend events like the Grammy Awards. Jay-Z, born Shawn Carter, has long mentioned his love of luxury timepieces in his songs. You can find references to Rolex, Audemars Piguet, and Hublot throughout his decades-long music catalog. He doesn't only flash watches in his lyrics, though. The billionaire rapper, who has a $2.5 billion net worth, has amassed quite a collection of statement timepieces. The $1,075,652 Patek Philippe Grand Complication 5304-301R he wore at the 2025 Grammys was just one of them. Here's a look at that watch and other items included in his watch collection. Jay-Z has a Patek Philippe Grand Complication 5304-301R that retails for more than $1 million. Jay-Z wears a Patek Philippe to the Grammys in 2025. Kevin Mazur/Getty Images for The Recording Academy ; Patek Philippe Jay-Z is a big fan of Patek Philippe watches. He wore one with a rose-gold case and dozens of diamonds for the 2025 Grammys. Its face includes several functions, such as days of the week and moon phases, that help keep a perpetual calendar for tracking the date. The calendar automatically adjusts for leap years and accurately counts the days until 2100, according to GQ. The hand-stitched strap is made of alligator leather. Beyoncé reportedly gifted him a Hublot Big Bang. Hublot Jay-Z quite literally announced his love of Hublot in the 2011 song "Otis," where he pronounced, "New watch alert: Hublot." Perhaps it was prophetic. In 2012, his wife and fellow artist Beyoncé gifted Jay-Z a $5 million Hublot Big Bang in 18-karat white-gold for his 43rd birthday, according to jewelry blogs. The watch was encrusted with 1,282 diamonds, and it took more than 14 months to assemble, the Grand Prix d'Horlogerie de Genève, a foundation that highlights contemporary watches with awards and exhibitions, reported. It also took more than a year to source all the diamonds. A year later, the Swiss watchmaker collaborated with the rapper to design a timepiece under his name. Jay-Z wore his own Hublot watch onstage in 2013. Hublot/Adam Bettcher/Getty Images Hublot released the Shawn Carter Hublot Classic Fusion in yellow gold and black ceramic in 2013. The former watch was priced at $33,900, and the latter at $17,900. The collection was limited to just 350 total pieces, according to GQ. You can't miss his Richard Mille 56 Blueprint watch. Gotham/GC Images via Getty Images/Richard Mille Jay-Z's custom Blueprint Richard Mille 56 watch required more than 3,000 hours to produce, GQ said in 2019. No wonder it cost $2.5 million. During a 2019 show in his hometown of Brooklyn, the rapper freestyled a tribute to the timepiece: "Blueprint on my wrist cost 2.5/Only thing that flips the script between you and I." The rapper later purchased another one-of-a-kind Richard Mille piece — this time in green. Rich Schultz/Getty Images What was the price of that Richard Mille 56 watch? $3 million, according to Complex. Or at least, that was its retail value. Alex Todd, who customized the watch, told the outlet that its monetary value is higher. It was custom-made for Jay-Z and featured rare green sapphire crystals. Jay-Z eventually expanded his collection of Richard Mille watches. The Richard Mille RM011 Felipe Massa watch. Richard Mille He did so with an RM011 Felipe Massa Chronograph in rose gold. The watch was originally released in 2007 and was designed with its namesake, F1 driver Felipe Massa, the brand said on its website. The timepiece is meant to invoke a racing aesthetic and the sport's history of tech innovation. Its crown "resembles a smooth tyre encircling a spoked wheel rim," the maker said. Mille is no longer making this model, but you can get a used one for $215,000. He's worn Richard Mille pieces to attend major sporting events, like the US Open. Richard Mille/Matthew Stockman/Getty Images Jay-Z wore the Richard Mille RM027 Rafael Nadal to watch its namesake take on Novak Djokovic at the 2011 US Open championships. It was designed to be as lightweight as possible and take on all the wear and tear a tennis superstar like Nadal might put it through, Richard Mille said. Nadal referred to it as his "second skin" timepiece. There were only 50 of these watches made at the time, according to Mille. You can buy one on the secondary market for $1.95 million. Nadal collaborated with Richard Mille on several additional versions of this timepiece that the rapper later acquired. Jay-Z has also worn the Richard Mille Rafael Nadal 27-01, which has an anthracite casing. His collection also includes Audemars Piguet watches. Audemars Piguet Royal Oak Audemars Piguet Jay-Z shouted out Audemars Piguet in his 2011 "Watch the Throne" track "N—s in Paris," saying: "Ball so hard, got a broken clock / rollies that don't tick-tock / Audemars that's losing time / hidden behind all these big rocks." He's also worn the brand. Included in his collection is the Audemars Piguet Royal Oak Perpetual Calendar Openworked 26585CE. It has an openwork sapphire dial, rose gold dial markers, a black ceramic band and case, and a titanium clasp. You can buy one from the watchmaker, but it's "price upon request" — or, in other words, wildly expensive. To get it on the secondary market, you'll need to shell out over $375,000. Patek Philippe watches can be tough to buy, but not for Jay-Z. The Patek Philippe Sky Moon Tourbillon 6002R watch. Patek Philippe When describing the Patek Philippe 6002 Sky Moon Tourbillon watch on its website, the brand notes the extensive detail that went into creating the timepiece. Some of the highlights include handmade engravings, a double-face design, a retrograde perpetual calendar, a sky chart, and more. It's one of the most technically complicated Patek Philippe watches, and its price is only available "on request." However, used versions of the watch can be found on the secondhand market for prices between $4 million and $6 million. Jay-Z wore his model to Lebron James' 39th birthday party. Jay-Z picked up a Tiffany and Co. x Patek Philippe collab in 2021. The Patek Philippe Tiffany watch. Tiffany & Co. The Patek Philippe Nautilus 5711 in Tiffany Blue initially retailed for $52,635, but since only 170 were made, the price skyrocketed on the secondary market. Days after the watches sold out, one was auctioned off for $6.5 million, CNBC reported in 2021. Jay-Z and Beyoncé were named Tiffany ambassadors that year. In 2023, the musician wore one of the rarest Audemars Piguet pieces. An Audemars Piguet Royal Oak 25594ST "Yves Klein" watch. Audemars Piguet The "Yves Klein" version of the Audemars Piguet Royal Oak 25594ST watch is an ode to the French artist. He's widely known for developing his own vibrant shade of blue — international Klein blue 191. The Royal Oak design features a perpetual calendar, which keeps track of everything from the time and date to the moon's phases. It's a popular style in its own right, but the Yves Klein version is especially rare. Few are rarely found on the resale market. He also sported a unique Patek Philippe that year. A Patek Philippe Perpetual Calendar Split Seconds Chronograph 5004P watch. Patek Philippe Jay-Z sported the Perpetual Calendar Split Seconds Chronograph 5004P watch during a decadent, seafood tower-filled lunch meeting with DJ Khaled in 2023. The watch is modeled on Patek Philippe's first perpetual calendar watch, released in 1996. The particular watch that Jay-Z has, the 5004P model with a silver link band, is nearly impossible to find, but it was valued at $600,000 in 2022, according to IFL Watches. The most intricate Patek Philippe watch belongs to Jay-Z. Jay-Z wearing the Patek Phillipe Grandmaster Chime Reference 6300G in 2019. Patek Philippe/Kevin Mazur/Getty Images for Sean Combs The Grandmaster Chime is considered Patek Philippe's most complicated watch, with more than 1,500 individual components. The company made the watch in 2014 to commemorate its 175th anniversary, and only seven were produced. Six went to the watchmaker's most dedicated collectors (who apparently had to apply for the privilege of buying one), while the seventh went to the company's museum in Geneva. Patek Philippe then went on to make the Grandmaster Chime in other fabrications. Jay-Z has the white gold version, which runs around $2.5 million, according to reports. He acquired the Patek Philippe 2499 in a tight-lipped deal. A Patek Philippe 2499 went up for auction in 2011. Harold Cunningham/Getty Images Patek Philippe produced this watch in limited quantities from 1950 to 1985. Only 349 were made. Jay-Z's Patek Philippe 2499 was previously owned by Swedish watch collector and dealer Tony Kavak, who had a yellow-gold band specially made for the piece. As Kavak tells it, the watch wasn't initially for sale. "The watch is so exclusive that I often chose not to wear it in public, and I always wear my watches, that's my philosophy," Kavak told watch site Bezl. But he knew Jay-Z was the right person to own the watch, he added. "You should have seen his happiness," Kavak said in an interview with watch blog Hodinkee. "It just reminded me of how happy I get when I find something rare myself." Neither Kavak nor Jay-Z would reveal the deal's cost, but in 2022, a similar watch sold at auction for $7.68 million. He wore two different F.P. Journe pieces to the 2026 Super Bowl. Jay-Z photographs his daughter at the 2026 Super Bowl. Carlos Avila Gonzalez/Getty Images His first FP Journe Tourbillon Souverain was set with 93 baguette diamonds circling it and even more across its face, according to Celeb Watch Spotter. Jay-Z wore the piece for a meeting with Tom Brady. His wife Beyoncé later shared photos from Super Bowl weekend on her website. They included a close-up shot of another FP Journe Tourbillon Souverain watch, this one in green, on Jay-Z's wrist. Read the original article on Business Insider

Warner Bros International Television Production Locks Down Slate Featuring Court Room Battles, Artemis Moon Mission & L.S. Lowry; ‘FBoy Island’ Spin-Off Also Showcased
Culturedeadline9d ago

Warner Bros International Television Production Locks Down Slate Featuring Court Room Battles, Artemis Moon Mission & L.S. Lowry; ‘FBoy Island’ Spin-Off Also Showcased

EXCLUSIVE: Who Do You Think You Are? producer Wall to Wall is providing three of Warner Bros International Television Production’s debuting titles at the London TV Screenings this week. An FBoy Island franchise extension is also debuting. Leanne Klein’s London-based production house is behind Channel 4’s British legal system format See You in Court, for […]

Preventing Food Allergies in Infants
Sciencenzz10d ago

Preventing Food Allergies in Infants

New research on risk factors for food allergies in infants highlights the critical role of diet and certain medications in prevention, emphasizing the importance of early nutritional choices.

JFK Jr. and Carolyn Bessette died in a plane crash 27 years ago. It fueled rumors of a 'Kennedy curse.'
WorldBusiness Insider11d ago

JFK Jr. and Carolyn Bessette died in a plane crash 27 years ago. It fueled rumors of a 'Kennedy curse.'

John F. Kennedy Jr. and his wife, Carolyn Bessette Kennedy, attended the Municipal Art Society Gala in 1998. Richard Corkery/NY Daily News Archive/Getty Images John F. Kennedy Jr., his wife, and her sister died in a 1999 plane crash near Martha's Vineyard. Rumors of a "Kennedy curse" were fueled by multiple family tragedies over the decades. JFK Jr. and Carolyn Bessette's relationship is now the topic of an FX series, "Love Story." The Kennedy family has been subjected to many tragedies over the years, including two assassinations and a plane crash that took the lives of John F. Kennedy Jr. and two other passengers. Nearly 27 years ago, on July 16, 1999, John F. Kennedy Jr., his wife Carolyn Bessette-Kennedy, and her older sister Lauren Bessette were killed in a plane crash off the coast of Martha's Vineyard in Massachusetts. There were no survivors from the accident. The relationship between John F. Kennedy Jr. and Carolyn Bessette-Kennedy is now the topic of an FX series executive-produced by Ryan Murphy, "Love Story." Their deaths became a major news story and perpetuated rumors of a "Kennedy curse." JFK Jr.'s father, former President John F. Kennedy, was assassinated in 1963. His uncle, Robert "Bobby" Kennedy, was assassinated five years later in 1968. And two years before JFK Jr.'s death, his cousin Michael Kennedy also died after hitting a tree while skiing in Aspen, Colorado. Here's what we know about the plane crash that killed John F. Kennedy Jr. and two others. John F. Kennedy Jr. frequently made headlines throughout the 1990s. John F. Kennedy, Jr. at the Democratic National Convention in 1988. Bettmann/Getty Images As the son of a president and a member of one of America's most prominent political dynasties, John F. Kennedy Jr. was destined for the spotlight. JFK Jr. was born on November 25, 1960, just two weeks after his father was elected president. His father was assassinated on November 22, 1963, just three days shy of JFK Jr.'s third birthday. JFK Jr., affectionately nicknamed "John-John" by the public, attended the funeral on his birthday and was famously photographed saluting his father's casket. Throughout much of his adolescence and adulthood, he mostly remained out of the public eye. However, his public image began to change after he introduced his uncle, Ted Kennedy, at the Democratic National Convention in 1988. In September 1988, People named Kennedy, who was then a 27-year-old third-year law student at NYU, the "Sexiest Man Alive." JFK Jr. also dated a few celebrities throughout the 1990s, including "Sex and the City" star Sarah Jessica Parker, Cindy Crawford, and Daryl Hannah. John F. Kennedy Jr. began dating Carolyn Bessette, a publicist for Calvin Klein, in 1994. John F. Kennedy Jr. and Carolyn Bessette-Kennedy in 1995. Rose Hartman/Getty Images They met in the fitting room at Calvin Klein, where Bessette helped JFK Jr. pick out wardrobe items, Elizabeth Beller wrote in "Once Upon a Time: The Captivating Life of Carolyn Bessette-Kennedy," cited by People. Tall, sophisticated, and beautiful, JFK Jr.'s new girlfriend captivated the public. After two years of dating, the pair married in an intimate ceremony on Cumberland Island, Georgia, People reported. While their wedding ceremony was private, their relationship was anything but, thanks to the prying eyes of the paparazzi. Evan Agostini/Getty Images; NY Daily News Archive/Getty Images The media attention may have even inspired Kennedy to get his pilot's license in 1998. "That was some of the happiest times he ever had. Floating around with the buzzards in his Buckeye [plane]. It was the freedom," his close friend Robbie Littell told "JFK Jr: An Intimate Oral Biography" author RoseMarie Terenzio, according to People. "He said, 'It's the only place I can go where no one is bothering me. I have complete silence, and no one can get to me except the air traffic controllers.' Maybe that gives you insight into what he was really dealing with on the ground," his college friend Gary Ginsberg said, People reported. John F. Kennedy Jr. was traveling to Martha's Vineyard with his wife and her older sister when their plane was reported missing. The hangar where John Kennedy Jr. kept his Piper Saratoga airplane. Ron Galella/Ron Galella Collection/Getty Images The Washington Post reported that Kennedy departed Essex County Airport near Fairfield, New Jersey, at around 8:38 p.m. on Friday, July 16, 1999. The sun was already beginning to set and "hazy conditions," which had been reported earlier in the evening, were getting worse, People reported. Kennedy planned to drop his sister-in-law Lauren Bessette on Martha's Vineyard before traveling to his family's compound in Hyannis Port with Carolyn. The couple was due to attend his cousin Rory Kennedy's wedding the following day, according to People. However, the plane never landed in Martha's Vineyard. An unidentified driver reported the plane had failed to arrive at Martha's Vineyard Airport as expected, according to the Post, citing an NBC report. It kicked off a search for the missing aircraft in the early hours of July 17. The Kennedy family notified the Cape Cod Coast Guard that the couple had not made it back to Hyannis. A Coast Guard helicopter searching for debris from John Kennedy Jr.'s plane. Daniel Goodrich/Newsday RM/Getty Images The Washington Post reported that the Coast Guard then began investigating whether the plane had landed at another airport. By 4 a.m., the Coast Guard began searching for the missing plane, and by 7:30 a.m., the Air Force and Coast Guard had launched 20 aircraft vehicles and two boats to search the area between Long Island and Martha's Vineyard, according to the Post's timeline. On Sunday afternoon, what was presumed to be debris from the plane was found on Philbin Beach on Martha's Vineyard. Among the debris was a headrest that was later concluded to be from the missing aircraft and a black suitcase that contained Lauren Bessette's business card. Rory Kennedy's wedding, scheduled for 6 p.m. that night, was put on hold as the family awaited more news. The Washington Post reported that after more debris was found in the days to follow, the search-and-rescue mission became a search-and-recovery mission. All three of the plane's passengers were now presumed dead. John F. Kennedy Jr. was 38 years old. Carolyn Bessette-Kennedy was 33, and her sister Lauren Bessette was 34. Five days after the crash, the bodies of John F. Kennedy Jr., Carolyn Bessette-Kennedy, and Lauren Bessette were recovered. Massachusetts State Police divers left Menemsha on Martha's Vineyard on July 19, 1999. DON EMMERT/AFP/Getty Images The debris field was identified off the coast of Martha's Vineyard, relatively near the estate once owned by Jacqueline Kennedy Onassis, Kennedy's mother, The New York Times reported. (Kennedy Onassis died in 1994.) The bodies of John F. Kennedy Jr., Carolyn Bessette-Kennedy, and Lauren Bessette were discovered by Navy divers on July 22, 1999, after an extensive search approved by President Bill Clinton. The bodies of the crash victims, which were ''near and under'' the main body of the aircraft, were still strapped in, according to the Times. Details began to emerge about what led to the crash. A television technician holds up the official handout map of the search and rescue area off Martha's Vineyard. JOHN MOTTERN/AFP/Getty Images Kennedy had only flown about 72 hours without a flight instructor, and had only about 300 total hours of flying experience, The New York Times reported in July 2000. He had reportedly rejected an offer to have a flight instructor accompany the group on their journey. As a newly trained pilot, Kennedy was not licensed to fly and navigate the air using flying instruments. Instead, he had only trained to fly using sight alone, which would have been extremely difficult in dark or hazy conditions such as those on the night of July 16. Warren Morningstar, a spokesman for the Aircraft Owners and Pilots Association, told the Times that "flying at night over featureless terrain or water, and particularly in haze or in overcast, is a prime setup for spatial disorientation." About an hour into the trip, the plane's flight path became irregular as it began its descent into Martha's Vineyard, indicating that the pilot may have become disoriented by the darkness of the sky and the water, the National Transportation Safety Board concluded. "His flight path into the water is consistent with what is known as a graveyard spiral," Jeff Guzzetti, an NTSB investigator in the accident, told Terenzio, according to People. "The airplane makes a spiral nose down … kind of like going down a drain. The plane went into one final turn and it stayed in that turn pretty much all the way down to the ocean." The aircraft went down in the water about 7 miles from its intended destination of Martha's Vineyard. Mourners pay respects at the floral shrine outside of the building where John F. Kennedy Jr. and Carolyn lived in 1999. Allan Tannenbaum/Getty Images The Washington Post reported that the plane did not send out a distress call. Instead, it made its final descent and crashed into the Atlantic Ocean in under 30 seconds. Kennedy, Kennedy-Bessette, and Bessette's bodies were cremated and buried at sea off the coast of Martha's Vineyard on July 22, 1999. "We are filled with unspeakable grief and sadness by the loss of John and Carolyn and Lauren Bessette," Ted Kennedy said in a statement on behalf of the Kennedy family. "John was a shining light in all our lives and in the lives of the nation and the world that first came to know him as a little boy." As the country mourned the loss, rumors of a "Kennedy curse" were reignited. John F. Kennedy, Jr. and Carolyn Bessette-Kennedy attended the White House Correspondents dinner in 1999. Tyler Mallory/Liaison/Getty Images The extensive search captured the nation's attention, as did the tragedy of the three young passengers' deaths. Yet another tragic accident for the Kennedy family, the plane crash only added to rumors of a Kennedy family curse. "I've looked high and low and cannot find another family since the ancient Greek House of Atreus that has suffered more calamities and misfortunes than the Kennedys," Edward Klein, the author of "The Kennedy Curse: Why Tragedy Has Haunted America's First Family for 150 Years," said, according to The Washington Post. While there are many logical reasons for the fateful plane crash, it's nevertheless poignant that the Kennedy family, one of the wealthiest and most influential political families in the world, has suffered so much tragedy throughout the last 100 years. "The humanity of their story is what keeps us engaged," Kennedy family biographer J. Randy Taraborrelli told NBC News in 2019. "We peer behind the scenes of their wealthy lifestyle, and we see, for all the advantages they have, tragedy can still happen." Read the original article on Business Insider

Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people
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Billionaire investor Vinod Khosla wants to 'rethink' capitalism for the AI era — and suggests scrapping taxes for 125 million people

Vinod Khosla says stock prices aren't the way to evaluate AI bubbles. Mert Alper Dervis/Anadolu via Getty Images Vinod Khosla says the rise of AI might warrant steeper taxes on capital and none for most workers. The billionaire VC wrote on X that AI displacing workers could shrink the labor part of the economy. Khosla wrote that some popular tax breaks were "special interest goodies" and not "true capitalism." If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?" Khosla — who cofounded Sun Microsystems and made the first VC investment in OpenAI — was making the point that AI replacing labor on a grand scale might warrant greater taxes on assets such as stocks and real estate. The veteran financier, who founded Khosla Ventures after leaving Kleiner Perkins, attached a video highlighting some of the jobs that could be taken by AI, from accountants and therapists to truck drivers and chip designers. AI will transform economies and need a rethink of capitalism & equity. Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income? 40% of capital gains taxes are paid by those with… pic.twitter.com/7oSA9xj5Ko — Vinod Khosla (@vkhosla) February 16, 2026 Khosla said in a follow-up post that ramping up taxes on capital would generate so much revenue that the government could scrap taxes for most of the roughly 150 million US taxpayers. "Could easily eliminate bottom 125 million taxpayers from the tax rolls and be revenue neutral at the same time with a capital gains tax equal to ordinary income and a few other tweaks," he wrote. He added that tax breaks such as carrying over tax losses and tax-free borrowing against unrealized gains — which he called a "true abuse!" — are "special interest goodies inserted by lobbyists and campaign contributions, not true capitalism." Khosla didn't address common critiques of higher taxes, including that they can discourage entrepreneurship and investment, that collecting them can be tricky, and that wealthy people may leave the country to avoid them. Khosla has previously underscored that the advent of AI may require sweeping policy changes. He estimated in late 2024 that in 25 years' time, AI could be doing 80% of the work in 80% of all jobs, and universal basic income might be needed to compensate for job destruction. "As AI reduces the need for human labor, UBI could become crucial, with governments playing a key role in regulating AI's impact and ensuring equitable wealth distribution," he wrote on his firm's website. Khosla isn't alone in predicting AI will change the fabric of society. Elon Musk suggested late last year that work could become "optional" and money might become "irrelevant" if advances in AI and robotics generate abundant resources for all. Moreover, the Tesla and SpaceX CEO recently said that retirement savings may not be needed in 10 or 20 years, as everyone might have "whatever stuff they want." However, skeptics such as Michael Burry of "The Big Short" fame have cautioned the AI boom is a speculative bubble, tech companies are overinvesting in microchips and data centers that will quickly become obsolete, and true AI is further away than many think. Read the original article on Business Insider