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According to the Washington Post, U.S. blacklisting of the Chinese telecom giant, Huawei, will reduce the company’s sales by $30 billion over the next two years.

Questions

  1. By what percentage are Huawei’s cellphone sales outside China expected to drop due to the U.S. ban?
  2. Why did the Trump administration bar the selling of U.S. technology to Huawei?
  3. What action did the Federal Communications Commission  (FCC) take last year against Huawei?
  4. What effect does this have on Android phones?

Source:

Whalen, J. (2019). Huawei says U.S. ban will cost it $30 billion in sales. The Washington Post, June 17 (Retrievable online at https://www.washingtonpost.com/business/2019/06/17/huawei-says-us-ban-will-cost-it-billion-sales/?utm_term=.ca190b7032c0)

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According to the BBC, one country’s pollution is so bad, that dogs must wear pollution masks.

Questions:

  1. Which country is this?
  2. What is the Organisation for Economic Co-operation and Development and what do they do?
  3. What type of future costs will this pollution cause?

Source:

BBC staff. (2019) Where dogs wear masks. The BBC, June 9 (Retrievable online at https://www.bbc.com/news/av/world-asia-48561039/where-dogs-wear-pollution-masks)

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According to Business Insider, Boeing’s nightmare year got even worse this weekend as the manufacturer warned that hundreds of its 737 planes, including 159 of its troubled 737 Max jets, might have faulty parts on their wings.

Questions:

  1. What are slat tracks?
  2. Who produced the defective slat tracks?
  3. What are ten airlines demanding from Boeing?

Source:

Ma, A. (2019). Boeing’s nightmare year gets even worse as it admits hundreds of planes — including 159 737 Maxes — may have defective parts on their wings. Business Insider, June 3 (Retrievable online at https://www.businessinsider.com/boeing-737-planes-faulty-slat-tracks-warning-nightmare-year-2019-6)

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According to the Washington Post, FedEx has decided not to renew an important domestic contract that may affect express delivery of Santa’s presents.

Questions:

  1. What issue does this decision highlight?
  2. What percentage of FedEx’s revenue did Amazon’s business provide?
  3. What type of reliance does Amazon have with FedEx?
  4. What type of history does Amazon have with contracts?

Source:

Greene, J. (2019). FedEx declines to renew Amazon’s U.S. air-delivery contract. The Washington Post, June 7 (Retrievable online at https://www.washingtonpost.com/technology/2019/06/07/fedex-declines-renew-us-express-contract-with-amazon-move-that-could-affect-retailer-during-holiday-shipping-season/?utm_term=.ff83158287e7)

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According to the New York Times, four in 10 American adults wouldn’t be able to cover an unexpected $400 expense with cash, savings or a credit-card charge that could be quickly paid off, a new Federal Reserve survey finds.

Questions:

  1. According to the survey, how many people surveyed would need to borrow or sell something to pay for a $400 bill?
  2. Overall, what has happened to household finances over the history of the survey?
  3. What major disparities exist in the survey results?

Source:

Smilek, J. (2019). Many Adults Would Struggle to Find $400, the Fed Finds. New York Times, May 23 (retrievable online at https://www.nytimes.com/2019/05/23/business/economy/fed-400-dollar-survey.html )

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According to the New York Times, within the technology industry a small group of well-educated professionals enjoys rising wages, while most workers toil in low-wage jobs with few chances to advance.

Questions:

  1. What is responsible for this great divide in the U.S. workforce at places like Intel’s $7 billion plant in Arizona?
  2. Why are start-up tech companies in fields as varied as autonomous drones to blockchain flocking to the area near Phoenix, AZ?
  3. In what fields are the vast majority of new jobs found today?
  4. With the growth of robots in some industry, what is happening to less-skilled jobs and associated paychecks?

Source:

Porter, E. (2019) Tech Is Splitting the U.S. Work Force in Two. New York Times, Feb. 4 (Retrievable online at www.nytimes.com/2019/02/04/business/economy/productivity-inequality-wages.html)

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According to the New York Times, many small U.S. wireless carriers depend on inexpensive equipment from the Chinese company, Huawei, but must soon rethink expansion plans and other replacements of existing gear.

Questions:

  1. Why did President Trump ban Huawei’s sale of equipment in the U.S.?
  2. How extensively is Huawei’s equipment used across the globe?
  3. Do you think that this was a wise executive order? Discuss.
  4. Why don’t the smaller carriers use the same equipment as the large carriers like Verizon?

Source:

Kang, C. (2019) Huawei Ban Threatens Wireless Service in Rural Areas. The New York Times, May 25 (Retrievable online at https://www.nytimes.com/2019/05/25/technology/huawei-rural-wireless-service.html )

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Unfortunately, a little-noticed provision in President Trump’s sprawling new tax law is treating middle- and low-income college students like trust-fund babies – a tax law established 33 years ago to prevent wealthy parents from funneling money to their children to lower their tax burdens.

Questions:

  1. What does this provision do to students?
  2. How many undergraduates and graduate students are affected?
  3. What range of taxes are levied on unearned income per the new tax law?
  4. Why wasn’t it fixed in the draft stage?

Source:

Green, E. (2019). Low-Income College Students Are Being Taxed Like Trust-Fund Babies. New York Times, May 17 (Retrievable online at https://www.nytimes.com/2019/05/17/us/politics/college-scholarships-tax-increases.html)

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According to Glassdoor, who ranks internship opportunities, nearly half of the twenty-five most lucrative internships are in the technology field.

Questions:

  1. Which fields follow technology as the most lucrative?
  2. Which company tops the list with a median monthly salary of $8,000?
  3. Which was the most surprising to you and why? 

Source:

Eadicicco, L (2019) The 13 highest-paying internships in tech. Business Insider, May 16 (Retrievable online at https://www.businessinsider.com/tech-internships-that-pay-the-most-facebook-amazon-google-microsoft-2019-5)

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Billionaire Robert F. Smith surprises 2019 Morehouse graduates with a pledge by his family to eliminate the class of 400 students’ debt with a grant.

Questions:

  1. White students pay down their debt by 10 percent a year compared to what percent by black students?
  2. How many generations have Mr. Smith’s family been in this country?
  3. How much debt will the grant pay?
  4. How did Mr. Smith make his fortune?

Source:

Vongkiatajorn, K. (2019). Morehouse College’s Graduation Speaker Just Promised to Pay Off All of the Class’s Student Loans. Mother Jones, May 19 (Retrievable online at https://www.motherjones.com/politics/2019/05/morehouse-colleges-graduation-speaker-just-promised-to-pay-off-all-of-the-classs-student-loans/)