Apple said Qualcomm’s tech was no good. But in private communications, it was ‘the best.’ [Paywall]

Apple said Qualcomm’s tech was no good. But in private communications, it was ‘the best.’ [Paywall]

During the roughly two years Apple was locked in a legal battle with one of its suppliers, Qualcomm, the iPhone maker publicly argued that the chip maker’s technology was worthless. But according to an internal Apple memo Qualcomm showed during the trial this week between the two tech companies, Apple’s hardware executives used words like “the best” to describe Qualcomm’s engineering. Another Apple memo described Qualcomm as having a “unique patent share” and “significant holdings.”

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A Mars Colony Could Be Humanity’s First Shot at a Ground-Up, Pure Economy

A Mars Colony Could Be Humanity's First Shot at a Ground-Up, Pure Economy

A city on Mars could provide the first-ever truly blank slate to organize a new kind of economy. While attempts to re-organize the means of production are as old as humankind itself, these experiments have always been limited to some extent by the economic systems that came before. People can only change so much so fast. Space exploration, and the establishment of new colonies, may be humanity’s first shot at creating an economy from the ground up.

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Airbnb’s explosive growth jolts hotel industry’s bottom line

Airbnb's explosive growth jolts hotel industry's bottom line

Hospitality service Airbnb is fast becoming the 800-pound gorilla that’s shaking up the hotel industry and forever changing it. New research from Florida State University finds Airbnb’s exponential growth worldwide is devouring an increasing share of hotel revenues and also driving down room prices and occupancy rates.

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The start-ups launching in space

The start-ups launching in space

Peter Beck is a space entrepreneur with a rocket and launch pad in New Zealand that has permission for flights "every 72 hours for the next 30 years". The 25 satellites his firm Rocket Lab has launched include one from a US high school, which designed a spacecraft to measure the atmosphere of Jupiter. Mr Beck has no plans for human cargo and he does not want to go to space.

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Toyota leads $1B investment in Uber’s self-driving tech

Toyota leads $1B investment in Uber’s self-driving tech

On Thursday, news broke that Toyota, Denso, and the SoftBank Vision Fund are investing heavily in Uber's autonomous driving operation. Together, the three companies will put $1 billion into Uber's Advanced Technologies Group: $667 million from Toyota and Denso, with an additional $333 million coming from SoftBank.

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Facebook fights to “shield Zuckerberg” from punishment in US privacy probe

Facebook fights to “shield Zuckerberg” from punishment in US privacy probe

Federal Trade Commission officials are discussing whether to hold Facebook CEO Mark Zuckerberg personally accountable for Facebook's privacy failures, according to reports by The Washington Post and NBC News. Facebook has been trying to protect Zuckerberg from that possibility in negotiations with the FTC, the Post wrote.

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When no banks are failing, you’ve got a silent canary in a coal mine

When no banks are failing, you’ve got a silent canary in a coal mine

What was the period in American history when the nation went the longest without a single bank failure? It was from 2004 to 2007. For 32 consecutive months in that period, not a single one of the over 7,000 banks in America failed. This ought to have set off alarm bells on the growing imbalances and problematic practices endemic in the American banking system. Instead, it was met with applause by the financial regulators charged with protecting the safety and soundness of a system that was veering toward collapse.

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It’s now cheaper to rent than buy in San Francisco, says report

It’s now cheaper to rent than buy in San Francisco, says report

In 2017, the real estate site Trulia crunched numbers and determined that it was still cheaper to buy than to rent in San Francisco, albeit by a very slim margin. At the time, San Jose had even worse figures: buying was cheaper than renting in the South Bay city too, but the difference was only 3.5 percent. Respectively, the two Bay Area cities had the most anemic returns for buyers nationwide in over seven years.

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Netflix Drives Global Growth With Genuine Local Content

Netflix Drives Global Growth With Genuine Local Content

The video-streaming giant beat its own guidance targets in the first quarter, pointing to ultralocal content production as a key growth driver. Video-streaming veteran Netflix (NASDAQ:NFLX) reported first-quarter results on Tuesday night. The company added 9.6 million net paid accounts during the quarter, driving revenue 22% above the year-ago period's while earnings increased by 19%. Netflix's management also provided important updates on several fronts, including the company's view of new competitors. Let's have a closer look at the first quarter of 2019.

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A Guardian of Global Capitalism Warns Capitalism Has A Problem

A Guardian of Global Capitalism Warns Capitalism Has A Problem

It's springtime again in Washington, D.C., when flowers bloom, birds chirp, and thousands of wonks from all over the world descend on the Spring Meetings of the International Monetary Fund and World Bank, Planet Money included. Since World War II, the IMF and World Bank have served as guardians of global capitalism. The IMF, in particular, has a long history of bailing out countries in financial crises and using its power to push a free-market agenda. That's why we were surprised to hear IMF officials suggest capitalism is running amok.

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