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  • Samsung’s Galaxy Z TriFold Debuts in Korea Next Week, But Won’t Hit the US Until 2026

    Samsung’s Galaxy Z TriFold Debuts in Korea Next Week, But Won’t Hit the US Until 2026

    After months of teasing a triple-display foldable phone, Samsung is gearing up to launch what it’s calling the Galaxy Z TriFold — because foldables with just one hinge are so last year. 

    The phone is slated to become available first in Korea…

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  • Trump likes Australia’s retirement-savings program – but could it actually work in the U.S.?

    Trump likes Australia’s retirement-savings program – but could it actually work in the U.S.?

    By Charles Passy

    America’s retirement system desperately needs reform

    President Trump suggested the U.S. should consider the Australian retirement-savings model.

    Could America’s signature retirement-savings program look a lot like Australia’s one day?

    That’s the idea President Trump hinted at earlier this week, saying the Australian model is a “good plan” that has “worked out very well.”

    “We’re looking at it very seriously,” Trump said.

    In a nutshell, the Australian plan takes some of what’s already baked into the American 401(k) retirement-savings model, but expands upon it in significant ways that assure more people have more savings by the time they reach retirement age. Called the “superannuation” (or “super”) model, the program requires employers to make a 12% contribution to a retirement fund on behalf of the employee. The employee can also contribute an amount beyond that.

    ‘We’re looking at it very seriously.’President Donald Trump, on the U.S. possibly adopting the Australian retirement-savings model

    In the U.S., the 401(k) model works by giving employees the chance to participate in a retirement-savings program through their employer, with tax benefits to employees for doing so. But the employer is not obligated to offer a 401(k) plan – and even if they do, there’s no requirement they make any kind of contribution to it.

    Indeed, research has shown that 56 million private-sector workers in the U.S. lack access to a retirement-savings plan. And even among employees who have a 401(k), the employer contribution is typically in the form of a match, which often equates to 4% to 6% of an employee’s salary – far below that 12% Australian figure.

    Australia’s program, with the mandatory employer-contribution aspect, has been in place since 1992, but it didn’t start at 12%. In fact, it began with just 3%, but over time the figure grew incrementally to the current 12%. Still, it has resulted in Australian workers, on average, accumulating the equivalent of around $115,000 (that’s roughly $173,000 in Australian currency (AUDUSD)).

    Those enrolled in U.S. 401(k) plans actually have a bit more than that; the average 401(k) balance is $148,153, though it should be noted that wages and the cost of living are lower in Australia.

    Perhaps the more relevant data point, however, is the fact that 78% of Australians participate in the “super” program. By contrast, just 59% of Americans have a retirement-savings plan, be it a 401(k), 403(b) or an individual retirement account (IRA), according to a Gallup survey.

    But some financial experts say it might be politically tough to push through an Australian-style program in the U.S., especially given the financial burden it places on companies – and small ones in particular.

    A plan that mandates that businesses contribute to employee retirement plans at such a high level “will never happen,” said Teresa Ghilarducci, a noted retirement authority who’s an economics professor at the New School in New York City.

    Plus, even those who give the Australian system high marks point to issues within it. A key one: Even though the system helps ensure that workers save a significant sum for retirement, it doesn’t necessarily guide them on how to tap that money once they retire – by turning it into, say, a monthly income stream they can parse out carefully over time as they deal with any number of medical or other issues they may face as they age.

    “The system still struggles to help retirees navigate longevity risk, inflation and cognitive decline,” said Tomas A. Geoghegan, founder of Beacon Hill Private Wealth in New Jersey.

    That said, the American 401(k) model doesn’t offer any systemized way of parsing out, or annuitizing, one’s retirement savings, either.

    In any case, there’s little question that the current retirement-savings system in the U.S. needs to be revamped. Without an improved safety net, Americans will be relying more heavily on Social Security than ever, experts note. And as Americans are constantly reminded, Social Security is under threat as it is.

    “We absolutely have to do something,” said Holly Verdeyen, a partner at Mercer, a consulting firm that focuses heavily on retirement planning.

    Mercer rates retirement systems throughout the world, and gives the Australian model a solid B+. By contrast, the U.S. gets a C+.

    The U.S. has already been looking at ways to revamp its retirement-savings model, regardless of whether or not it considers the Australian one.

    For starters, under what’s commonly referred to as the Secure 2.0 Act, Congress authorized such changes as letting employers automatically enroll employees into 401(k) plans and allowing employees between the ages of 60 and 63 to increase their maximum retirement contributions.

    On top of that, a number of states are looking at ways for employees to access retirement-savings programs.

    But more sweeping national reform is still needed, many argue. And some say it could come in the form of the Retirement Savings for Americans Act (RSAA), which is currently making its way through Congress. It calls for a program that would broaden accessibility to tax-advantaged retirement-savings accounts and would have the federal government match contributions for workers below certain income levels.

    In the meantime, the Australian model is still out there.

    White House spokesman Kush Desai wouldn’t get into specifics about how the model could work in the U.S., but told MarketWatch: “The administration is closely examining all options to help Americans build wealth and achieve prosperity.”

    -Charles Passy

    This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

    (END) Dow Jones Newswires

    12-06-25 0800ET

    Copyright (c) 2025 Dow Jones & Company, Inc.

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  • Stop Charging Your Android Watch Daily. Here Are 7 Tips for Longer Battery Life

    Stop Charging Your Android Watch Daily. Here Are 7 Tips for Longer Battery Life

    Nothing kills the motivation of a midday workout faster than raising your wrist and seeing a dead, black watch screen. Honestly, did you even work out if your smartwatch didn’t give you credit for it?

    Sure, most newer smartwatch models can now…

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  • The history of denim and how jeans were created

    The history of denim and how jeans were created

    Jodie Foster, Billie Perkins, and Robert De Niro perform a scene in Taxi Driver directed by Martin Scorsese in 1976 in New York, New York.

    Michael Ochs Archives | Moviepix | Getty Images

    In the dwindling days of the California gold rush, the wife of a local miner faced a problem. 

    Her husband’s denim work pants kept ripping, so her tailor, Jacob Davis, had the idea to add copper rivets to key points of strain, like the pocket corners and the base of the button fly, to keep them from tearing. 

    Davis’ “riveted pants” soon became a roaring success and, unbeknownst to him at the time, marked the official birth of the blue jean, a garment that would transform fashion and come to represent the United States around the globe. 

    “It really has democratized American fashion and it also is the greatest export that we have sent to the world, because people identify jeans specifically with American Western culture,” said Shawn Grain Carter, a fashion professor at the Fashion Institute of Technology in New York. “It doesn’t matter your economic or social class. It doesn’t matter what your views are in terms of the political spectrum. Everybody wears denim.” 

    Jacob Davis

    Courtesy: Levi Strauss & Co.

    These days, denim is a major sales driver for retailers big and small, as the global denim market reached $101 billion this year, up 28% from 2020, according to data from market research company Euromonitor International. Major apparel companies from American Eagle to Levi Strauss are in a race to corner that market, leaning on A-list celebrities like Sydney Sweeney and Beyonce to win over shoppers and drive sales in an unsteady economy.

    But if it weren’t for Levi Strauss, founder of the eponymous blue jeans company, Davis’ invention may not have gone far beyond the railroad town where it was created in the early 1870s. 

    How Levi’s created blue jeans

    Soon after Davis created his riveted pants, called “waist overalls” or “overalls” at the time, they began selling like “hot cakes” and he needed a business partner to secure a patent, said Tracey Panek, Levi’s in-house historian. So he wrote to Strauss, a Bavarian-born immigrant who was running a successful wholesale business in San Francisco and had supplied Davis the denim he used to create his riveted pants. 

    “The secret of them Pents is the Rivits that I put in those Pockets and I found the demand so large that I cannot make them up fast enough,” Davis wrote Strauss in a letter, according to PBS. 

    Levi Strauss

    Courtesy: Levi Strauss & Co.

    Strauss, an “astute” businessman, recognized the opportunity and agreed to partner with Davis, said Panek. 

    “This would have been the first time that Levi was actually” manufacturing his own products, said Panek. “He was no longer just importing and selling other people’s goods. He was manufacturing himself and selling to retailers.”

    On May 20, 1873, the two men secured a patent for the riveted pants and eventually opened a factory on Fremont Street, close to the modern-day Salesforce tower in San Francisco’s financial district. 

    They promised to offer workers the most durable jeans on the market and soon, business was booming. 

    Dude ranch duds and the American worker

    Through Strauss’ connections as a wholesaler, the company’s riveted overalls soon spread across the U.S., becoming the garment of choice for working men everywhere: miners, cowboys, farmers – any role that required durable clothing. 

    Jeans were exclusively reserved for work settings at the time, but as emerging denim manufacturers vied for a similar customer base, they looked to expand their assortment to drive sales. 

    “Slowly and steadily into the 20th century, you start to see some of these manufacturers making variations,” said Sonya Abrego, a New York City-based fashion historian. “There was this one design called spring bottom pants that was kind of a more form fitted, a more dressed up, a slightly flared, maybe what the factory foreman would be wearing, right? As opposed to just the guy on the shop floor.”

    In 1934, Levi created the first ever line of jeans for women. Around that time, denim started to become more popular in settings outside of work, primarily for activities like dude ranch vacations, camping and horseback riding. 

    “So they were kind of taking on a cowboy’s garment or a worker’s garment but wearing it in a … resort setting,” said Abrego. 

    Courtesy: Levi Strauss & Co.

    Dude ranch vacations had become popular because there were finally highways connecting different parts of the country, and few were willing to venture to Europe during a war. Companies like Levi began releasing advertisements highlighting their denim as “dude ranch duds” and “authentic western riding wear” to capture shoppers looking for jeans to bring with them on vacation, according to archival advertisements from the time. 

    These cultural moments helped to expand denim beyond workers, but jeans didn’t become widespread casual attire until after World War II, when American fashion overall started to shift. 

    The rise of the backyard BBQ 

    By the time World War II ended, the mighty American consumer was beginning to emerge. For years, Americans had been forced to ration common goods like rubber, sugar and meat while simultaneously being encouraged to save their money by buying war bonds and socking away spare cash.

    When the country shifted from wartime to peacetime, Americans were ready to splurge and soon began spending big on new cars, appliances and clothes. 

    “With a little bit more money to spend, you start seeing a bigger push for leisure clothes and fun clothes and play clothes, clothes to wear to backyard barbecues,” said Abrego. “Clothes that we would consider today as just like casual style.” 

    Courtesy: Levi Strauss & Co.

    Slowly and surely, it became more and more acceptable for both men and women to wear jeans outside of work settings. Then, denim manufacturers made a push to allow jeans in schools. 

    “They wanted to sell to as many people as they possibly could,” said Abrego. “The idea that jeans are good for school means that they’re good for every day.”

    By the time the 1960s hit, denim manufacturers had expanded their products and were selling a wide variety of colors, fits and styles. It became a symbol of the hippie movement and a mainstay on Hollywood sets.

    Soon, denim was everywhere, and the 1970s brought the iconic bell bottom pants and the first iteration of the “designer jean” — denim pants being produced by labels and brands whose designs had nothing to do with work wear or western wear, like Calvin Klein and Gloria Vanderbilt.

    Since then, denim has remained a constant in global fashion. While silhouettes, washes and fits have changed over time, jeans never really go out of style, which is what makes them so enduring, said Abrego. 

    “This is a design from 1873 … do we see anything else from 1873 on the street? It’s kind of wild if you think about it that way,” said Abrego. “We can talk about all the details, all the changes in manufacturing and all the different fits and finishes but it’s a recognizable thing, it’s still a pair of jeans. For me as a historian, that continuity is so compelling because I can’t really name anything else that has stayed the same to this degree.” 

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  • Free Your Phone From Too Many Home Apps With 5 Effective Steps

    Free Your Phone From Too Many Home Apps With 5 Effective Steps

    After testing smart home technology for years, you can bet I have apps piling up on my phone and tablet from trying all the latest gadgets. That’s also given me plenty of experience in cutting down on home apps when it’s time to manage my…

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  • Starvation fears as flood toll passes 900 in Indonesia – World

    Starvation fears as flood toll passes 900 in Indonesia – World

    Ruinous floods and landslides have killed more than 900 people on Indonesia’s island of Sumatra, the country’s disaster management agency said on Saturday, with fears that starvation could send the toll even higher.

    A chain of tropical storms…

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  • The Ashes Briefing: Starc torments England as Australia close in on victory

    The Ashes Briefing: Starc torments England as Australia close in on victory

    The Athletic has launched a Cricket WhatsApp Channel. Click here to join.


    Australia’s supporting cast have joined the party, but these are Mitchell Starc’s Ashes.

    The home side, inspired by their veteran left-armer, are closing in on victory…

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  • Hugh Grant says he may be ‘half-Indian or half-Pakistani’ – Celebrity

    Hugh Grant says he may be ‘half-Indian or half-Pakistani’ – Celebrity

    Hugh Grant, the British star of films like Four Weddings and a Funeral, Bridget Jones’s Diary and Love, Actually was in Delhi on Saturday, when he told a crowd an interesting bit of family trivia.

    According to the Hindustan Times, he said his…

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  • Why food fried in reused oil could expose you to higher cancer risk – Times of India

    Why food fried in reused oil could expose you to higher cancer risk – Times of India

    1. Why food fried in reused oil could expose you to higher cancer risk  Times of India
    2. Health Expert Cautions Against Reusing Cooking Oil Amid Growing Safety Concerns  NDTV
    3. Is Vegetable Oil Bad for You—or Just Misunderstood?  Verywell Health
    4. 3 best…

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  • Surf Loch Launches New ‘Wavebender’ System

    Surf Loch Launches New ‘Wavebender’ System

    The world has a few different ways of generating artificial waves. Some pools, like Endless Surf, PerfectSwell and Wavegarden, use pneumatic caissons or levers to contribute to the shape and power of the wave as it marches down the pool….

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