Theodore Reynolds

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The Man Who Disobeyed His Boss And Opened The Berlin Wall

To many Germans, Harald Jaeger is the man who opened the Berlin Wall.<p>It's a legacy that still makes the former East German border officer uncomfortable 25 years after he defied his superiors' orders and let thousands of East Berliners pour across his checkpoint into the West.<p>"I didn't open the …

‘Facebook at Work’ app targets Slack and Google

It’s not enough for Facebook Inc. to cash in on workers wasting time on the social network at work, it wants a piece of Slack, LinkedIn and Google …

What to Do When You're Not Bombing: Think for a Change

I often disagree with <i>New York Times</i> columnist Tom Friedman. But with his latest column, he's made a contribution to our malfunctioning political culture: He demonstrates self-reflection, a good faith effort at honesty, and relative freedom from the penchant for politically correct, "do something" …

Middle East

This FCC Commissioner Did A Reddit Chat. It Did Not Go Well.

WASHINGTON -- On Friday, Federal Communications Commission (FCC) Commissioner Mignon Clyburn took to Reddit to do an "Ask Me Anything" session and answer questions about her job. But she soon found herself on the defensive against Reddit users angry about how the FCC has handled net neutrality …

Thomas Frank: Phony spin even Fox News won’t buy

<b>Sean Hannity, Karl Rove (Fox News)</b><p>For decades, the idiot pundit class has pushed Democrats to the right after every loss. It’s not working this time<p>Thomas Frank<p>November 23, 2014 12:00pm (UTC)<p>Thirty-four years ago, after a different disaster for Democrats, the pundit form known as the electoral …

A Major Long-Term Change In The Labor Market Is Bad News For The US Economy

That's the conclusion from Steven Davis and John Haltiwanger, two National Bureau of Economic Research economists (Davis is at U Chicago and Haltiwanger at the University of Maryland). The two presented at the Fed's Jackson Hole conference over the summer and an updated version of the paper was …

Economics

The MBAs Are Fleeing, Should SF Be Worried?

Bubble, bubble, bubble. Are we in one, are we already done with one, are we getting closer to one? These questions have the dual benefit of being completely impossible to answer while having a high enough salience to tech readers to ensure that the almighty advertising machine gets stoked for …

Universities Are Schooling Tech Companies In Video

<b>Editor’s note:</b> <i>Eric Burns is co-founder and CTO of Panopto. Prior to that, he was</i> <i>an engineer at Microsoft</i> leading the <i></i>development of the Books and Academic search engines for Microsoft’s Windows Live division.<p>It’s no secret that the ivory towers of academia don’t get much respect from the tech …

Uber cars will soon stream passenger-controlled Spotify music, reports say

As if the convenience of hailing a car from your phone wasn’t awesome enough, Uber is rumored to be adding another element to its experience: Letting passengers select Spotify-streamed tunes from the app while taking a ride.<p>On Friday, Uber sent out invites to reporters for a press call, only …

You can now track the world's fish poachers on Google.

Contrary to the adage, there actually aren’t plenty of fish in the sea—at least, not the commercial kind. This is thanks in part to rampant undocumented, unreported, and otherwise illegal fishing—which by some estimates, costs the global economy $23 billion a year.<p>But never fear, Google is here.<p>In …

Uber’s revenue just leaked and it’s more than you think

Mobile ride hailing startup Uber is expected to hit an annual revenue run rate of $10 billion by the end of 2015, sources told Business Insider’s Henry Blodget.<p>Uber keeps 20 percent of every transaction, which means Uber will be netting about $2 billion on $10 billion gross revenue.<p>What’s more, …

Are Millennials to Blame for Stores Being Open on Thanksgiving?

Retailers say they're open on Thanksgiving because that's what customers want. But one age group in particular is more than happy to leave the dinner …

A Chinese housing market crash could be even more disastrous than America’s

Investment drives China’s economy. And housing fuels a large share of that investment, contributing 33% of fixed-asset investment, says Zhang Zhiwei, an economist at Nomura—and, consequently, 16% of GDP. The decade-long housing boom that’s kept China’s GDP aloft has so far defied the bubble …

Housing Market

Investors now fear China more than Janet Yellen: Barclays survey

Vice's Shane Smith: 'Young people are angry and leaving TV in droves'

Shane Smith stayed up late getting drunk with one of his presenters, and now he is exhausted, hungover and behind schedule. Bottles of spirits stand, taunting him, from a table in the opposite corner of an office at Vice Media's headquarters in Brooklyn's voguish Williamsburg neighbourhood, while …

China's manufacturing activity shrinking says fresh report

<b>China's manufacturing sector contracted in February, according to a new report.</b><p>The HSBC Purchasing Managers' Index (PMI), which measures activity in smaller factories, fell to 48.5 in February from 49.5 in January - with Chinese New Year a possible factor.<p>China's official PMI, which was released on …

Chinese New Year

Luxembourg aiming to be European hub for yuan trade

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/1057000/1057362_h264_1500k.mp4?__gda__=1532811795_03a50d412d473c3a26dd69f39cd082b6<p>After being a closed currency for years, the Chinese yuan has gone from being the 20th most traded currency to the eighth in just 12 months.<p>The …

Chinese Yuan

China is now India’s top trading partner—and one of its least liked

India and China—two massive, neighboring Asian emerging economies, each home to over a billion people—are on the way to forming one of the world’s largest trade relationships. According to a study by the PHD Chamber of Commerce, an industry trade group in New Delhi, China has become India’s largest …

Trading

Marc Andreessen Calls Carl Icahn's Accusations Against Him "False And Misleading"

The Silicon Valley venture capitalist responds directly for the first time to billionaire investor Carl Icahn's campaign against him and eBay.<p>Silicon Valley venture capitalist and eBay director Marc Andreessen has finally responded to billionaire investor Carl Icahn's recent accusations that he has …

Average Chinese Getting Richer

They’re not becoming millionaires, and maybe not even middle class by Western standards. But one thing is certain, the Chinese have more discretionary income than ever even as the economy ceases to grow like it used to.<p>On Monday, the National Bureau of Statistics (NBS) reported a blend of urban and …

Rolls-Royce is developing drone cargo ships

Drones are already patrolling the skies, and eventually Rolls-Royce wants to see them take over the seas too. According to <i>Bloomberg</i>, Rolls-Royce Holdings is developing unmanned cargo ships that can be remotely controlled by captains using a virtual-reality recreation of a vessel's bridge. …

Meth madness: How American media’s drug hysteria vilifies the poor

<b>(AMC/Frank Ockenfels)</b><p>An explosive new report reveals paranoia surrounding methamphetamine is like the crack panic all over again<p>April M. Short<p>February 22, 2014 2:30pm (UTC)<p>This article originally appeared on AlterNet.<p>You might have seen the billboards or Facebook ads, sponsored by the Montana Meth …

Just say no to college! Why it’s the worst decision a young American can make

<b>John Belushi in "Animal House" (Universal)</b><p>For today’s grads, a job is no sure thing, but decades of debt may be. And don’t get me started on the “education”<p>Matt Saccaro<p>February 22, 2014 2:00pm (UTC)<p>Each autumn, millions of young Americans parade into colleges with cheap plastic furniture in tow, …

Spain is exporting its way out of economic intensive care

Its banks are a mess and unemployment is rampant. So why are officials from Spain’s economic ministry all smiles?<p>Thanks to record-setting exports and a fall in imports, Spain chopped its trade deficit in half last year, according to data published by the ministry (link in Spanish). Overall, exports …

Exports

Americans Are Taking on Debt at Scary High Rates

Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of …

Wall Street Fights to Keep Young, Restless Analysts

Wall Street's two-year analyst program is the stuff of undergraduate legend.<p>The deal: Give a bank your waking hours for a finite period of time, in which one is guaranteed nearly six figures in compensation and a rigorous boot camp in high finance. That honest bargain created a decades-old …