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April 15, 2014
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Somebody should write a book on America's serial fixations with one type of dessert, and what each says about the periods of infatuation. The romance with frozen yogurt in the 1980s (think TCBY) gave way to a love affair with donuts in the 1990s (hello, Krispy Kreme), before the gourmet cupcakes in the 2000s. New York City's Magnolia Bakery is widely credited for firing up the last trend, thanks to a cameo in Sex and the City in the summer of 2000.

A year ago, The Wall Street Journal pronounced that "the gourmet-cupcake market is crashing," citing the financial travails of maybe the poster child of that market, Crumbs Bake Shop, another New York City-based purveyor of gourmet cupcakes that went public on the Nasdaq exchange in 2011. Like Krispy Kreme before it, Crumbs expanded too quickly, and its shares had fallen from $13 in mid-2011 to $1.70 by April 2013.

On Monday, Bloomberg Businessweek published what might be considered the gourmet cupcake market's obituary, focused on Crumbs. The high-end cupcakerie, which has closed 17 locations since last year, is now trying to reverse its fortunes by selling its high-priced cupcakes —which cost up to $4.50 a piece — and other baked goods in lowly supermarkets and club retailers like BJ's Wholesale.

What soured consumers on gourmet cupcakes? "It's a short-term trend and we're starting to see a real saturation," Chicago food industry analyst Darren Tristano told The Wall Street Journal a year ago. "Demand is flat. And quite frankly, people can bake cupcakes." (They can also brew their own coffee and make their own hamburgers, of course.) It seems that the high-end cupcake's moment has just come and gone. So what's the next craze?

The Cronut, obviously. And here's the epilogue: Crumbs is banking its future on a croissant-donut hybrid called the Crumbnut. The obvious knockoff of Dominique Ansel's fried croissant is "the last great thing that we put out there," Crumbs CEO Ed Slezak tells Businessweek. "We believe that trends in food can and should be enjoyed by all." Peter Weber

2:06 a.m. ET
Rami al-Sayed/AFP/Getty Images

The Nusra Front, a branch of al Qaeda in Syria, announced Thursday it is leaving the group.

Nusra Front's leader, Mohamad al-Golani, said they will reorganize under a new name, Jabhat Fatah al-Sham, "with no ties with any foreign party." He said the move is being made "to remove the excuse used by the international community — spearheaded by America and Russia — to bombard and displace Muslims in the Levant: That they are targeting the Nusra Front, which is associated with al Qaeda."

Ayman al-Zawahri, Osama bin Laden's successor as the leader of al Qaeda, gave the Nusra Front permission to break away, Reuters reports. When asked about the news, U.S. State Department spokesman John Kirby said, "We're gonna have to wait and see. We judge a group by what they do, not by what they call themselves." Catherine Garcia

1:39 a.m. ET

In 2008, when Barack Obama became the first African-American presidential nominee, his opponent, Sen. John McCain (R-Ariz.), released an ad congratulating him on making history.

"Sen. Obama, this is truly a good day for America," McCain said. "Too often, the achievements of our opponents go unnoticed, so I wanted to stop and say congratulations. How perfect that your nomination would come on this historic day. Tomorrow we'll be back at it, but tonight, Senator, job well done."

On Thursday, when Hillary Clinton became the first woman to ever become the presidential nominee of a major party, that didn't happen — but this did. Catherine Garcia

12:59 a.m. ET

So many balloons fell from the ceiling at the end of her speech at the Democratic National Convention Thursday night that Hillary Clinton seemingly didn't know what to do with them all.

She pointed at some:

Grabbed others:

Stared in awe at a few:

Looked at some like they were Donald Trump:

Walked gingerly through a sea of many:

And finally just disappeared for awhile:

Meanwhile, former President Bill Clinton was playing it cool.

Catherine Garcia

12:28 a.m. ET
Joshua Lott/Getty Images

Donald Trump seemed to hardly know where to begin after Hillary Clinton's Democratic National Convention speech Thursday night. So, as the Republican presidential nominee's Twitter feed shows, he just chucked every single criticism he could think of at her, in no particular order. Behold, the result:

Bad "judgement" indeed. Becca Stanek

12:18 a.m. ET
Keystone/Hulton Archive/Getty Images

Hillary Clinton went deep into the archives, quoting another former first lady to try to prove her point that Donald Trump doesn't have the temperament to be Commander-in-Chief.

"I can't put it any better than Jackie Kennedy did after the Cuban Missile Crisis," Clinton said. "She said that what worried President Kennedy during that very dangerous time was that a war might be started — not by big men with self-control and restraint, but by little men — the ones moved by fear and pride." Clinton quoted Kennedy on what would have been her 87th birthday. Catherine Garcia

July 28, 2016
SAUL LOEB/AFP/Getty Images)

President Obama thought Hillary Clinton nailed it. Shortly after Clinton wrapped up her speech at the Democratic National Convention on Thursday night, Obama fired off this tweet lauding Clinton's leadership qualities and predicting the future of his current Twitter handle, @POTUS:

First Lady Michelle Obama followed up with some praise of her own, too:

The only question is, would former President Bill Clinton inherit @FLOTUS? Becca Stanek

July 28, 2016

Hillary Clinton wants gun owners to know that she has everyone's safety in mind when it comes to gun control.

"I'm not here to repeal the Second Amendment," she said during her speech at the Democratic National Convention. "I'm not here to take away your guns. I just don't want you to be shot by someone who shouldn't have a gun in the first place." If the nation is "serious about keeping our country safe," she added, " we also can't afford to have a president who's in the pocket of the gun lobby." Catherine Garcia

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