National / International News
Now that unemployment has slipped below 6 percent, there's renewed interest in what the Federal Reserve's target for joblessness should be. Some economists worry that inflation will resurface.
Or, even Galapagos tortoises:
White spaces basically consist of the channels not being used by traditional TV, and, like the partnership between Google and the London Zoo illustrates, can be used to transmit other types of information.
What's interesting about white space waves is that they travel extremely far; the wi-fi in your office starts to slow down when you're too far from an internet router, but white space waves can travel 6 miles without suffering. It could be used to deliver Internet broadband on the open ocean, or for networks of sensors that can protect cities from natural disasters.
But, the future of white space depends on what the FCC and other regulators decide to do, and whether some of these tests, like the meerkat cameras, prove we can use white spaces without interfering with channels that are already being used.
When a company told one French feminist it was "sorry" she found its ad sexist, she decided to fight back. She's launched a website where users target sexist companies and people on social media.
John Carney with the Wall Street Journal and Linette Lopez from Business Insider join Kai to discuss the week in review.
The President has tapped White House veteran Ron Klain to be the nation’s Ebola Czar.
The appointment comes as fears of the virus spread with a poll this week showing nearly half Americans are either “very concerned” or “somewhat concerned” they will contract Ebola.
So how do companies deal with this? How do they keep workers safe and operations running smoothly? The first thing some businesses did this week was call Arun Sharma.
“A lot of the questions we are getting is how do we control the fear and anxiety in the workplace,” he says.
Sharma works for Control Risks, an international firm that helps Fortune 500 companies around the globe manage risk. Especially for those clients with operations in Ebola hot spots, Sharma says the essential word is "communicate."
“If you have an operation that’s based in Africa and you want to give employees an opportunity to ask question, have a town hall meeting, bring a medical advisor in that can answer those medical related questions,” she says.
Certainly multinational corporations must start learning about Ebola and its risks, but at a time when flight attendants reportedly locked a passenger in a plane lavatory after she threw up; it's clear employers here in the U.S. have their work cut out for them too. That could mean executives dusting off a report already many have on their shelves.
Years ago, the CDC designed pandemic preparation guidelines. Dr. Robert Quigley, with the medical assistance company International SOS, says there’d be a lot less fear if companies routinely practiced using this tool they already have.
“And companies are definitely not doing that. And as a result they are all kind of caught now in a panic mode, and there’s some scrambling going on,” he says.
One way to cut down on the corporate chaos, Quigley says, is for companies to focus on their business and develop what he calls a continuity plan.
“They need to have trigger points that indicate when they need to pull people out of harm’s way, whether or not travel really needs to take place, and whether that’s going to negatively impact their bottom line,” he says.
Sorting that bit out should help sober up the room says Quigley. The doctor says remember the more afraid you and your staff are, the more likely operations will be interrupted.
The antidote: education and preparation.
In caffeine-related news, Starbucks announced today it's going to be running a sweepstakes this coming holiday season. If you use a Starbucks card between December 2 and Christmas you're entered for a chance to win Starbucks for life.
Which, if you read the fine print, the company defines as 30 years.
Not exactly what they're advertising, but still... not bad.
The latest figures from the Center for Responsive Politics in Washington show that Google’s Political Action Committee has just barely overtaken the PAC at Goldman Sachs in campaign spending this election cycle.
Goldman Sachs’ PAC, which has helped the company to wield its impressive lobbying power in Washington, had spent $1.39 million on the 2014 election cycle, as of the end of August. Google’s PAC, named NetPAC, had spent $1.43 million. Company PACs bundle contributions from employees, but don’t include money from the corporation itself.
Google’s political money-play has increased massively in recent election cycles. In 2006, Google’s PAC spent $37,000. By this year, the spending had increased forty-fold.
As an industry, Wall Street still packs a much bigger political warchest than Silicon Valley to support candidates and parties. Investment-industry-related contributors and PACS have spent more than $125 million this year; the computer and internet industry has spent just under $24 million.
Bill Allison, at the campaign finance watchdog group The Sunlight Foundation, says the banking industry may need to spend more to have an impact inside the Beltway on legislation and regulation, because big banks are now disliked and distrusted by many voters. For the most part, he says, that’s not true of big tech companies.
“For Google and Facebook, they have this hip young image,” says Allison.
The big internet players also have a lot of people’s ears and eyeballs, says Mark Jaycox, legislative analyst at the Electronic Frontier Foundation. They use that to leverage their lobbying on Capitol Hill—especially about issues that resonate with the public, like online privacy. “Google and Twitter have massive followings,” said Jaycox, “and they use these outlets and social media to push for email privacy laws and NSA surveillance reform.”
Some of the tech industry’s key legislative priorities, though, aren’t so widely popular, or even well-known to the general public. Those issues include raising the number of visas available for skilled foreign technology workers, said Princeton political historian Julian Zelizer.
“They’re fighting for everything from immigration reform to tax credits, and soon I’m sure, monopoly issues,” said Zelizer. “So they’re going to give a lot of money all over, to both parties.”
Still, Silicon Valley’s general reputation for leaning left comes through in some of the Center for Responsive Politics' data. The industry’s cumulative political contributions this year have split 60-40 — for Democrats.
Our vision of a help-wanted ad for a government czar:
- Level-headed, task-driven communicator. Able to interface with a variety of stakeholders. Must be comfortable translating and explaining government action (or inaction) to the public.
- Willing to be a symbol of governmental concern about a specific crisis. Good at making everyone feel better. Willing to appear before the press as required.
- Must be a model of seriousness, calm and control.
- Must be comfortable operating behind the scenes and juggling the demands of multiple high-level, ego-driven officials inside government.
- Comfortable working in a culture of feedback - knows how to take a punch.
- Willingness to sacrifice sleep and home life.
- Proven record working with "big personalities" a must.
- Ability to cut through red tape also a plus.
The decision was only four pages long and said the appeals court and the Supreme Court have given clear guidance that bans of this type are unconstitutional.
Citrus greening was first reported in Asia during the late 1800s, and it has no cure. It isn't a threat to humans or animals, but it has ruined many acres of citrus crops throughout the world, including the United States.
"It’s been problematic and it’s pretty much spread throughout the entire industry now," says Mark Wheeler, a third-generation orange grower and CFO of Wheeler Farms in Lake Placid, Florida.
Wheeler says that although they're seeing elevated fruit prices, the production has been diminished per acre because of the disease.
"It’s all a grower by grower situation and how impacted they are by the disease," says Wheeler. "A grower who is producing 300 to 400 boxes per acre is doing well, but a grower who is producing 200 boxes per acre is struggling to stay in business."
Previous research found that going on Medicaid increased a poor person's use of costly emergency room visits. Now an analysis suggests that initial spike in ER visits quickly tapers off.