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DAVID GREENE, HOST:

The class of 2008 offers advice to the class of 2018

May 22, 2018

Ten years after they graduated during the Great Recession from the University of Central Arkansas, several alumni returned to campus for a roundtable with graduates from the class of 2018. The returnees, now in their 30s, talked about making far less in their first jobs than they’d anticipated. Some moved around a lot early on in their careers – which studies suggest is a better way to boost wages – whereas others stayed put and chose to be more risk-averse during the economic downturn. The most common advice heard at the roundtable: take what you can get in your first job.

Phone carriers collect a minute-by-minute record of everywhere you go. If you use GPS on your phone, that may be obvious. But carriers are also selling that information to companies that don’t do much to keep it secure. One of those companies, Securus Technologies, was hacked this month. Securus gets its information from a company called LocationSmart. On Friday, security researcher Brian Krebs reported a bug on LocationSmart’s website that would make it possible to track any phone on the four major carriers using only a phone number.

As Environmental Protection Agency chief Scott Pruitt has moved to roll back a sweeping array of Obama-era regulations he's relentlessly cited his goal of providing "regulatory certainty."

In his first address to career employees last year he told the gathered room at the EPA, "Regulators exist to give certainty to those that they regulate. Those that we regulate ought to know what we expect of them, so that they can plan and allocate resources to comply."

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

Former President Barack Obama and former first lady Michelle Obama have signed a multiyear deal to form their own production company and provide content to Netflix.

Netflix said in a statement that the Obamas would "produce a diverse mix of content – including docu-series, documentaries and features" under their imprint, Higher Ground Productions.

A California startup that sought to revolutionize audio headphones, promising personalized devices that would produce sound "indistinguishable from reality," has found that raising interest among investors was easier than delivering the goods.

Ossic raised more than $3.2 million in crowdfunding for its Ossic X, which it touted as the "first 3D audio headphones calibrated to you."

The United States Supreme Court handed down several rulings today — one in particular has a pretty good chance of affecting you. The court said today that employers can indeed force employees into individual arbitration to resolve workplace disputes. Specifically, arbitration agreements that bar employees from participating in class-action lawsuits. Workers’ rights group say the ruling is detrimental.

Click the audio player above to hear the full story. 

For scrap brokers, the trade war is not "on hold"

May 21, 2018

Over the weekend, Treasury Secretary Steven Mnuchin said the prospect of a U.S.-China trade war was “on hold” for now. There’s been a lot of trade headlines lately, but one slice of the Sino-American trading relationship that hasn’t gotten a lot of attention is the multibillion-dollar U.S.-China scrap trade. Earlier this month, the Chinese government suspended the North American branch of the China Certification and Inspection Group North America, which inspects all the shredded steel, corrugated cardboard, beverage containers and other scrap that the U.S.

Congress weighs changes to foreign investment oversight

May 21, 2018

In 1975, President Gerald Ford created a committee to oversee foreign investment in the United States. His executive order was prompted, in part, by significant inflows of oil money from places like Saudi Arabia and Iran to buy U.S. companies, said Matthew Baltz, a professor at Bucknell University.

But for its first decade, the Committee on Foreign Investment in the United States, known as CFIUS, didn’t have much bite.

How Theranos, a Silicon Valley star, came tumbling down

May 21, 2018

In October 2015, an investigative reporter for The Wall Street Journal named John Carreyrou stumbled across a pretty amazing story. The technology behind the much lauded biotech startup, Theranos ... well it didn't work, at least not in the way its founder, Stanford drop out Elizabeth Holmes, had said it did.

The commencement speech is a proud tradition. Or at least it's a tradition.

And since no college invited Stacey and Cardiff to give a commencement speech, they're taking to the podcast to offer their own brand of evidence-based wisdom for new college grads.

Links:

Highest Educational Levels Reached by Adults in the U.S. Since 1940

U.S. pauses China tariffs but deal has its shortcomings

May 21, 2018

The reason the United States is pausing tariffs on China for now appears to be a promise from China that it will increase its imports from the U.S. — primarily agricultural and energy products. That would presumably help — at least in the short term — to reduce the U.S. trade deficit with China, which was $385 billion in 2016 according to the U.S. Trade Representative. And that would be a good thing, right? 

Click the audio player above to hear the full story.

The seas are rising, frequently flooding the streets even when no storms are on the horizon. But that hasn't stopped foreign investors from shelling out big dollars for Miami real estate. Many are in it for the relatively short-term investment, then they'll try to sell before climate change takes its toll, observers of the local market say.

The trade war is on hold — for now

May 21, 2018

After two days of trade talks in Washington and a high-level trip earlier this month, China and the United States have announced a truce in the simmering trade war, with U.S.-imposed tariffs on hold. We'll spend some time a the top of today's show recapping how we got here, what's settled and what's not. Then: We'll talk to the reporter who wrote the book on the failed blood-testing startup Theranos and the "scorched earth" tactics it took to cover up fraud.

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