Economy & Innovation

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In an unusual step, President Trump has signed an executive order blocking Broadcom's $117 billion bid to buy Qualcomm. The order released Monday cited "credible evidence" that led Trump to believe the Singapore-based Broadcom, in purchasing America's largest mobile chipmaker, "might take action that threatens to impair the national security of the United States."

China moves to tighten control of the internet

14 hours ago

In China, the internet is censored. You can't get access to Google, or Facebook or Twitter unless you have a workaround known as a virtual private network. VPN technology lets users jump over the so-called Great Firewall of China. But now those jumping days could be ending. By month's end, Beijing plans to block all VPN services not authorized by the government. And among others, the multinational business community from around the world is crying foul.

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"A lie can travel half way around the world while the truth is putting on its shoes."

Mark Twain said that. Actually, it was Winston Churchill. Oh, wait! He didn't say it either. But you can find fairly credible looking sources that attribute those words to one of those two famous men.

Whoever said it, a study on how news travels on Twitter confirms the basic truth of the quote. But on Twitter, lies spread a lot faster.

From targeted content to Facebook ads, we've all experienced personalization on the web — and now tech companies are offering similar technology in schools. Software designers say it can help kids learn at their own pace. But it’s not yet clear whether personalized tech will help students.

Why the U.S. might be the original startup story

18 hours ago

When you think about the first startup, what comes to mind? Google? Amazon? But according to John Butman, co-author of the upcoming book "New World, Inc.: The Making of American by England's Merchant Adventurers," the first American startup may have been several hundred years ago, when merchants from England settled in the United States. According to Butman, you could say these merchants founded the colonies, like Jamestown and Plymouth, that became the country we live in today. 

Unemployment is low across the board now: in February, the rate was 4.1 percent for all workers. Unemployment was 6.9 percent for African-Americans, just 0.1 percent above the all-time low reached in December 2017. (The Bureau of Labor Statistics has been tracking unemployment by race since the early 197os.)

(Markets Edition) One potential consequence of Trump's planned trade tariffs: America's infrastructure. We'll look how pricier steel could mean pricier projects. Afterwards, we'll hear from Rick Lockett as part of our "Divided Decade" series on how he struggled to find work, after graduating law school, in the midst of the financial crisis. 

How William Perkin’s search for a malaria cure led to the color mauve

21 hours ago

In her new book, "The Secret Lives of Color," Kassia St. Clair chronicles the origin stories of a rainbow of colors, dyes and shades. In this occasional series, we'll highlight some of the hues featured in her book and the unusual stories behind them. Today, she tells the story of mauve and how it began not as the dusky shade of purple we know now but as something much more vivid and bright.

(U.S. Edition) With President Trump pushing to impose tariffs on imported aluminum and steel, we'll discuss the latest updates coming out of Brussels, where the European Union, Japan and the U.S. met to discuss the issue. Afterwards, we'll look back at Bear Stearns' struggles during the financial crisis, and JPMorgan Chase's decision to snap the investment bank up.

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(Global Edition) From the BBC World Service … When Saudi Aramco floats on public markets, it’s likely to be the world's biggest-ever stock listing. Officials at the oil firm were expected to announce which exchanges it would be traded on fairly soon, but now, it seems that investors will have to wait until next year. We hear more from the BBC's Philip Hampsheir. Next: over 30,000 farmers have spent days walking across India in protest at their economic situation, calling on the government for help.

How the Bear Stearns deal looks 10 years later

Mar 12, 2018

By mid-March, 2008, Bear Stearns investment bank had been fielding questions about its financial health for months. The previous summer it had seen dramatic losses from a pair of its hedge funds that had bet heavily on subprime loans. But those questions morphed into powerful rumors of a liquidity crunch during the week of March 10. By Wednesday March 12, Bear Stearns CEO Alan Schwartz was compelled to go on CNBC to try to quash reports that Bear was running out of money and that other firms didn’t want to do business with it anymore.

President Donald Trump has complained about unfair trade practices with China since before his campaign even began. But in the escalating war of words around trade, the White House has a new target: The European Union, one of America's most important trade partners. That's where we're starting today. Then, after a long IPO drought, a bunch of high-profile startups are going public. Plus: Unemployment is really low right now, near record lows in every demographic. But unemployment among black Americans is still much higher, nearly double that of white Americans.

The Japanese multinational SoftBank Group launched its $98 billion VisionFund last year. Since then, it's dramatically changed the landscape in tech and venture capital. The fund has taken a majority stake in Uber, poured billions into WeWork, Nvidia, DoorDash, Slack and the dog walking startup Wag. SoftBank's influence is so big, it's pushing other venture capital companies to raise more money. Sequoia Capital, one of Silicon Valley's best-known firms, is reportedly trying to raise more than $12 billion in new capital just to keep up.

Growing up, Liz Stepansky, the daughter of two schoolteachers in small town Illinois, thought teaching was the way to a stable, meaningful life.

"My dad would have students that would come back and visit him even years after they had graduated high school," she said. "And to see him develop relationships like that, it seemed like a pretty important job. I liked that."

After graduating from college in 2008, Stepansky, now 33, decided to follow in her parents' footsteps, and was ecstatic when she landed her first job as a public middle school teacher in South Carolina.