More on Mel Watt, the man behind the Federal Housing Finance Agency, and overseer of Fannie Mae and Freddie Mac. Plus, with Sam's Club offering the country's first Chip and PIN credit cards, a look at the barriers to switching to the more secure technology. Last up, on the 25th anniversary of Tiananmen Square, a conversation about the blue collar workers who joined the protests and why they were there in the first place.
The I-495 bridge in Wilmington, Del., usually carries 90,000 vehicles per day. But it's empty now, as engineers try to discover what's causing eight support pillars to lean.
Other countries provide formal training for people who want to be national leaders. Why not the U.S.?
Here's some shocking news: San Francisco is tech central for recent grads; New York has finance nailed and DC is the top spot for budding policy wonks. That's according to LinkedIn, which has mined its own data and put together the top 10 cities for new graduates. But not everything in the survey is painfully obvious.
- Minneapolis/St. Paul is a magnet for corporate types, who can stand the cold. Target, General Mills and Cargill are all head-quartered there
- The Twin Cities and Chicago attract more graduates than San Francisco.
- Bangalore is the Silicon Valley of India, with lots of homegrown students flocking there for tech jobs.
Read the full survey above.
This happened more recently than I'd like to admit — the day I realized that a New York City taxi cab medallion costs $1 million.
I was in the newsroom reading about the fight between yellow cab drivers and their new green cousins roaming the outer-boroughs. The story, from last June, was that yellow taxi drivers disliked the fact that green cab medallions were first sold for a mere $1,500. Quite a price differential from the yellow cabs, of course.
I grew up in the country, but for as long as I can remember my city family has been in the taxi business. So on hearing this fact my first thought was, "Woah, my uncle has $2 million on wheels." My second thought was, "the city absolutely had to lower the cost of a green medallion. How could an immigrant just starting out possibly purchase a $1 million taxi cab now?"
New York is the kind of place that is always in danger of becoming a city of 'haves' and 'have-nots.' Unless we're careful — unless we purposely create opportunities for those willing to capitalize on them — the pace of this city can leave people behind.
It's impossible to think about this and not think about growing income inequality on a national or global scale — and what kind of measures we as a society need to take to ensure things don't get worse.
If you do a quick Craiglist search you can see that green medallions can go for around $15,000 now. It's a tough buy for someone starting with nothing, but not an impossible dream.
And ideally, New York is a city of possible dreams.
Germany's top federal prosecutor has opened an investigation that won't focus on wide spying activities attributed to the U.S. National Security Agency.
A shopping cart sits in the parking lot of a Sam's Club store
Sam’s Club, the warehouse chain owned by Walmart, is unveiling credit cards with chip-enabled safety technology. In fact, they’re declaring themselves the first mass retailer to do so in the U.S. The cards will be co-branded with MasterCard.
Chip and PIN technology is more secure than the magnetic strip on the back of many cards. Target learned that the hard way when it was hacked last year.
Carl Howe, vice president of research and data sciences at Yankee Group, says the biggest obstacle to adopting chip-enabled technology in the U.S. has been cost, including the price tag for overhauling all those point of sale devices where we swipe our cards now.
“Those are expensive devices -- a few thousand dollars each -- and they have a lot of them,” he says. “And there’s all the backend programming that’s required for it too. So this is not a small move, it takes a lot of infrastructure to make this work.”
Still, credit card companies want all retailers to follow Sam’s Club’s lead and adopt the technology by late 2015.Marketplace Morning Report for Wednesday June 4, 2014by Kate DavidsonPodcast Title While more secure, Chip and PIN technology is costlyStory Type News StorySyndication SlackerSoundcloudStitcherSwellPMPApp Respond No