Economy & Innovation

Business news

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

Over the weekend President Donald Trump changed his stance towards Chinese smartphone company, ZTE Corp. Last week, the telecommunications company halted all major operations following an order by the U.S. Department of Commerce banning business between ZTE and American companies. U.S.

The Supreme Court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.

The Supreme Court ruled 6-3 to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game.

05/14/2018: Trump's dramatic U-turn on trade

5 hours ago

(Markets Edition) Trump has plans to ease up on his seven-year ban of ZTE, a Chinese telecommunications company. We'll look at how international trade experts are reacting to the news. Afterwards, we'll discuss a study that shows a majority of people don't know the interest rates on their credit cards, and then explore why there are lower airfares to destinations across the Atlantic.

The 2020 census count is two years away but local officials are already planning how to get everyone counted. Census data is used for determining congressional seats and for distributing billions of dollars in federal funds annually. For many reasons, urban communities and communities of color can be harder to count. And for Latinos, a new issue could further depress turnout: a proposed question about immigration status. 

05/14/2018: Making sure everyone gets counted

9 hours ago

(U.S. Edition) President Trump has tweeted that he wants to reverse a U.S. ban on products made by ZTE, a Chinese-based telecommunications equipment maker. We'll discuss whether this tweet signals a softening of trade relations with China. Afterwards, we'll discuss how Southern California is trying to improve Census counts, which can overlook people of color and people in urban areas. 

Copyright 2018 KUOW. To see more, visit KUOW.

RACHEL MARTIN, HOST:

(Global Edition) From the BBC World Service … After two months of protracted negotiations, two anti-establishment parties in Italy are close to forming a government. With both promising to rip-up reforms and splash the cash, will their policies hurt or hinder the eurozone’s third largest economy? Professor Enrico Colombatto at Turin University analyzes what's next. Then, oil giants Royal Dutch Shell and Eni are in court today over corruption charges relating to a $1.1 billion Nigerian oil deal. Barnaby Pace at Global Witness has been following the case.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

The pros and cons of the Rooney Rule

11 hours ago

Companies are under pressure to improve diversity at the executive level and the board level. Many have a tendency to say that they can't find enough good, diverse candidates, to blame the pipeline, essentially.

Some companies are turning to remedies like the Rooney Rule, an NFL policy that requires at least one minority candidate be interviewed for certain management positions.

Later this month, Amazon shareholders will vote on whether the company should implement the Rooney Rule when appointing new members to its board of directors. The Rooney Rule stems from an NFL policy that requires at least one minority candidate be interviewed for certain management positions. However, Amazon’s current board of directors is recommending that shareholders vote against the proposal, saying it wouldn’t be an effective use of resources.

Updated at 4:21 p.m. ET

Commerce Secretary Wilbur Ross says he will explore other ways to punish a Chinese cellphone manufacturer, after a surprising tweet from President Trump that said the original penalty was too harsh.

Trump tweeted on Sunday that smartphone giant ZTE was losing "too many jobs in China" as a result of U.S. sanctions. He said he was working with Chinese President Xi Jinping to find a solution.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

LULU GARCIA-NAVARRO, HOST:

The largest supplier of law enforcement body cameras in the U.S. is exploring pairing its cameras with new AI capabilities — including real-time face recognition.

Axon, formerly known as Taser International, sparked controversy late last month when it announced the creation of an ethics board to examine the implications of coupling artificial intelligence with its line of police products.

The swamp and the draining thereof

May 11, 2018

We wrap up the week’s news with Catherine Rampell from the Washington Post and Don Lee for the Los Angeles Times. This week, news of Michael Cohen consulting for AT&T broke, so we discuss the ethics involved. And in trade, House Speaker Paul Ryan set May 17 as a deadline to submit a NAFTA deal to Congress, so we talk about what may come. Later, we discuss the labor market and JOLTS — the Job Opening and Labor Turnover Survey — and what it means for unemployment in the nation.

Pages