Author: News Room
new video loaded: Nobel Economics Prize Shared Among ThreetranscriptBacktranscriptNobel Economics Prize Shared Among ThreeDaron Acemoglu, Simon Johnson and James Robinson received the prize for their work on explaining inequality between countries.The Royal Swedish Academy of Sciences has decided to award Sveriges Riksbank Prize in economic sciences in memory of Alfred Nobel for 2024 to Daron Acemoglu, MIT, Cambridge, USA. Simon Johnson, MIT, Cambridge, USA. And James Robinson, University of Chicago, USA. For studies of how institutions are formed and affect prosperity.Recent episodes in U.S.Show more videos from U.S.
new video loaded: Elon Musk Unveils Tesla ‘Robotaxi’transcriptBacktranscriptElon Musk Unveils Tesla ‘Robotaxi’The company’s C.E.O. said the new autonomous vehicle, which does not have a steering wheel, would cost less than $30,000, but the technology still faces hurdles.As you can see, I just arrived in the robotaxi, the cyber cab. It’s really quite a wild experience to just be in a car with no steering wheel, no pedals, no controls, and it feels great. You could fall asleep and wake up at your destination. This can carry up to 20 people. And it can also transport goods.Recent episodes in AutomobilesShow more…
new video loaded: Port Workers Go on StriketranscriptBacktranscriptPort Workers Go on StrikeThe president of the International Longshoremen’s Association said the workers were “making history” by walking off the job for the first time in nearly 50 years.“I.L.A.! I.L.A.!” “You’re making history here because we’re doing one thing. We are fighting for our families and we are fighting for the rights so that we have a right to get a piece of that money that they got so much of. And we’re going to do it. We’re going to walk away with a great contract. God bless us all.” “I.L.A.!” “All…
The latest Sept. 24, 2024 The Justice Department accuses Visa of unfairly stifling competition in debit cards, claiming the company has maintained a monopoly by imposing or threatening to impose higher fees on merchants that also use other payment networks. Read more › President Biden’s top antitrust enforcers have promised to sue monopolies and block big mergers — a cornerstone of the administration’s economic agenda to restore competition to the economy. Below are 15 major cases brought by the Justice Department and Federal Trade Commission since late 2020 (including cases against Google and Meta initially filed during the Trump administration…
new video loaded: The U.S. Is Mining for UraniumSeptember 23, 2024Miners at Pinyon Plain uranium mine, Arizona.Latest VideoHong Kong Protests2020 ElectionsMost-ViewedVisual InvestigationsThe DispatchDiary of a SongHow We Got HereMagazineT MagazineOp-DocsOpinionAdvertisementSKIP ADVERTISEMENT
new video loaded: Federal Reserve Cuts Interest Rates for the First Time in Four YearstranscriptBacktranscriptFederal Reserve Cuts Interest Rates for the First Time in Four YearsJerome H. Powell, the Fed chair, said that the central bank would take future interest rate cuts “meeting by meeting” after lowering rates by a half percentage point, an unusually large move.Today, the Federal Open Market Committee decided to reduce the degree of policy restraint by lowering our policy interest rate by a half percentage point. Our patient approach over the past year has paid dividends. Inflation is now much closer to our objective, and…
The costs of 30-year mortgages and new car loans have been inching down in recent months, welcome news for borrowers who have endured years of high prices and high interest rates.These borrowing costs are expected to fall further: The Federal Reserve is poised to cut its benchmark interest rate on Wednesday, and officials are likely to suggest more cuts to come. Source: Federal Reserve Note: The rate since December 2008 is the upper limit of the federal funds target range. When the Fed lowers its benchmark rate, it is ultimately trying to reduce borrowing costs for businesses and consumers. Setting…
new video loaded: Boeing Union Members Vote to StriketranscriptBacktranscriptBoeing Union Members Vote to StrikeThousands of machinists and aerospace workers walked off the job on Friday, after rejecting a proposal that would have delivered raises and improvements to benefits but fell short of what the union initially sought.“Strike! Strike! Strike! Strike!” “This is about respect. This is about addressing the past. And this is about fighting for our future. Our members rejected the contract by 94.6 percent. And they voted to strike by 96 percent. We will be back at the table whenever we can get there to drive forward on…
In places like San Francisco, Phoenix and Las Vegas, robot taxis are navigating city streets, each without a driver behind the steering wheel. Some don’t even have steering wheels: But cars like this one in Las Vegas are sometimes guided by someone sitting here: This is a command center in Foster City, Calif., operated by Zoox, a self-driving car company owned by Amazon. Like other robot taxis, the company’s self-driving cars sometimes struggle to drive themselves, so they get help from human technicians sitting in a room about 500 miles away.Inside companies like Zoox, this kind of human assistance is…
What wins college football championships? A potent defense? An explosive offense? In the era of name, image and likeness, it is money.Lots of it.It can cost as much as $10.5 million for a title-contending starting offense and defense in the new Power Four conferences. The big-ticket item, of course, lines up behind the center.A blue-chip quarterback in a Power Four conference — schools like Alabama, Michigan and Washington — can expect to earn hundreds of thousands of dollars annually through name, image and likeness, or N.I.L., deals. A quarterback in the Southeastern Conference can bring in more than $1 million,…