Economy & Business

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Marketplace

On today's show, we'll talk about the Supreme Court's recent insider trading ruling; the European Commission's decision to fine three banks that participated in price collusion; and a tech group that's testing the idea for a universal basic income in Oakland, California. 

Marketplace Tech for Wednesday, December 7, 2016

18 hours ago
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Marketplace

On today's show, we'll talk about Samsung's victory in a Supreme Court battle against Apple over patents, and what that means for the future of design. We'll also chat with Hadi Partovi, CEO and founder of the nonprofit Code.org, about why he thinks it's important for kids to get the opportunity to learn code. 

S02-4: Watching

21 hours ago
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Bruce Johnson

A small city known for its Amish population and surveillance cameras, an old lady in Northern Ireland who watches video feeds in Brazil and getting footage from the fin of a shark. Listen, decode, and decide: Can watching save us?

Stay updated on all things Codebreaker.

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He was a flamboyant, alpha-male billionaire who said things no career politician ever would — someone who promised to use his business savvy to reform the system and bring back jobs. Voters believed that his great wealth insulated him from corruption, because he couldn't be bought.

But his administration was marked by criminal investigations and crony capitalism.

Amazon says it is opening a new food and convenience store that doesn't have a checkout line.

Instead, the company envisions customers at the Amazon Go store picking up whatever they want off the shelves — then simply walking out with it. The items are automatically billed to their Amazon accounts.

Facebook, Microsoft, Twitter and YouTube say they are creating a database to keep track of terrorist recruitment videos and other terror-related images that have been removed from their services.

In a joint statement posted by Facebook on Monday, the company said:

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

ARI SHAPIRO, HOST:

The U.S. stock market is up more than 3 percent since Election Day four weeks ago.

One person who hasn't benefited: President-elect Donald Trump.

In a call with reporters, transition spokesman Jason Miller says Trump sold all of his holdings in the stock market over the summer. The move could remove some, but not all, potential conflicts of interest as the billionaire businessman takes office as president.

Even before the sale, stocks accounted for a tiny fraction of Trump's personal fortune. Most of his money is in real estate.

The U.S. Supreme Court has upheld a jury verdict finding that State Farm Fire and Casualty Co. defrauded the federal government after Hurricane Katrina hit the Gulf Coast in 2005.

In the years before the hurricane, State Farm issued both federal government-backed flood insurance policies and general homeowners policies. After the hurricane, the company ordered its claims adjusters to misclassify wind damage as flood damage to shift liability to the government and spare the insurance company's coffers.

The Trump Organization has more interests in India — at least five — than anywhere else outside North America. With an ever-increasing taste for luxury, India offers the Trump brand a lucrative market, no matter who runs the company after President-elect Donald Trump separates from his global enterprises, as he's said he would do.

Chart of the day: American students are sliding

Dec 6, 2016

The latest Program for International Student Assessment shows American students are around average and sliding in reading, science and math. The influential study of achievement around the world put Singapore at number one in all three categories, while the U.S. has slid. Here are all the rankings, via Business Insider

It's 6 p.m. on a Wednesday night and there's a line out the door at EAT Café. Inside, executive chef and restaurant manager Donnell Jones-Craven is busy plating up salads and burgers, but he pauses to sprint out into the dining room. "I appreciate so much that you're all here for dinner tonight!" he calls out to those still waiting in line. "Just bear with us and we'll get you seated as soon as we can."

President-elect Donald Trump wants to clip the wings of a new Air Force One, saying the customized 747 is too expensive.

"The plane is totally out of control," Trump told reporters Tuesday morning. "I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money."

Earlier in the day, Trump tweeted that the new aircraft would cost more than $4 billion and urged the government to cancel the contract. Neither Trump nor his spokespeople said where that cost estimate came from.

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Kai Ryssdal

Some of the most expensive real estate in New York City — and the world, in general — has always found a home at Fifth Avenue, where a square foot can go for $3,200. Add a roster of high profile executives, politicians and cabinet picks visiting Trump Tower regularly, and that brings a continuous stream of pedestrian activity. And, of course, much more law enforcement and security for the President-elect.

The Supreme Court has weighed in on a patent battle between Samsung and Apple, siding with Samsung by declaring that the patent infringement for an element of a design should be treated differently from the infringement of an entire design.

The dispute between the two tech giants isn't about whether Samsung violated Apple's patents, but rather about how much money it's reasonable for Samsung to pay for the infringement.

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