Month: August 2018

Apple is 1st Public US Company to be Valued at $1 Trillion

Apple made history Thursday when it became the first publicly listed U.S. company to be valued at $1 trillion.

The tech giant’s share price climbed well over 2 percent in mid-session trading, boosting it about 9 percent higher since Tuesday, when it announced better-than-expected second-quarter earnings and a buyback of $20 billion worth of its own shares.

The Silicon Valley company’s stock has skyrocketed more than 50,000 percent since it went public in 1980, greatly exceeding the S&P 500’s impressive 2,000 percent gain during the same period.

Apple’s success was fueled in large part by its iPhone, which transformed it from a niche player in the burgeoning personal computer sector into a global technological powerhouse.

The company was co-founded by the late Steve Jobs, a product innovator who helped prevent the company’s collapse in the late 1990s.

As the company’s market value climbed over the decades, it revolutionized how consumers communicate with each other and how companies conduct business on a daily basis.

 

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WHO Quick-Starts Efforts to Tackle New Ebola Outbreak in Congo

The World Health Organization says expert staff and equipment have been sent to northeastern Democratic Republic of Congo to quick-start the process of combating a new outbreak of Ebola.The last outbreak of this fatal virus in Congo was declared over just a week ago.

Ebola is a constant threat in the Democratic Republic of Congo as the virus thrives in heavily forested areas. This latest outbreak is the 10th since the first one was discovered in 1976.

The World Health Organization says this new outbreak in North Kivu province is 2,500 kilometers away from Equateur Province, the site of the previous outbreak, and there is no link between the two.

WHO spokesman Tarik Jasarevic says the DRC Ministry of Health informed WHO Wednesday that four of six samples taken in North Kivu tested positive for Ebola virus.

He says it is crucial to gain access to the area as quickly as possible.He says having people and material in the country from the outbreak in Equateur is very helpful in tackling the outbreak.

“We really need to get into the area to do epidemiological investigations, try to find cases, try to work with health workers, to strengthen infection prevention and control measures and also to start with the contact tracing,” he said. “It is, on the other hand, worrying that this area is a conflict zone.It is an area with lots of displacement, so the access can be hampered in that way.”

The virus was discovered in a village near the city of Beni in North Kivu, which hosts more than one million displaced people. The province shares borders with Rwanda and Uganda, with a lot of cross border movement due to brisk trade.

Jasarevic says WHO will work with these neighboring countries to try to prevent the virus from crossing over.

He says identifying the type of Ebola virus that is circulating is a priority, as that will tell scientists whether the vaccine used to help contain the outbreak in Equateur province can also be used in North Kivu.

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Chinese Actress Drops off Social Media Amid Tax Rumors

Chinese actress Fan Bingbing has disappeared from social media amid rumors she is the target of a tax evasion investigation.

Fan, 36, usually maintains a prominent presence on China’s main microblogging service Weibo, where she has more than 62 million followers. However, her account hasn’t been updated since June 2, when she wrote about the work of her charitable foundation.

Her boyfriend, actor Li Chen, has not updated his account since July 6.

Unconfirmed reports circulating online say both have been barred from leaving China as the authorities look into claims that Fan was given dual contracts for her work: a public one giving her official salary and a private one stating her actual, much higher, pay.

Chinese media reports say neither Fan, her production company nor agent can be reached, boosting speculation that all have been caught up in the probe. Police rarely comment on such investigations until a conclusion has been reached.

However, in a June 3 statement, Fan’s production company stated that Fan had never signed any Cying-yang contract, so named because of their dual natures.

Wealthy entertainer

Fan has appeared in dozens of movies and TV series in China, but is best known internationally for her role as Blink in 2014’s “X-Men: Days of Future Past.”

She is one of China’s wealthiest entertainers, pulling down tens of millions of dollars for her roles, along with substantial amounts in appearance fees and product endorsements.

Chinese authorities have sought to rein in high salaries for actors that can eat up much of a production’s budget. In June, regulators capped pay at 40 percent of a total TV show’s production budget and 70 percent of the total paid to the actors in films.

Career-ending cases

Criminal cases can be career-ending for Chinese celebrities because the communist authorities, who possess ultimate control over what content is released, have ordered offenders blacklisted.

China’s last major celebrity scandal was in 2014, when Jaycee Chan, an aspiring entertainer and the son of actor Jackie Chan, was sentenced to six months in prison for allowing others to smoke marijuana in his Beijing apartment.

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Small LA Theater Amplifies Voice of Hispanic Community

A small theater in the heart of a Latino neighborhood in Los Angeles is giving voice to the immigrant community there. The place has provided a stage for new artists at risk of social exclusion. Some of them had been catapulted to the Hollywood sets. Arturo Martinez has this report narrated by Cristina Caicedo Smit.

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Alarms on Russian Meddling Sounded on Capitol Hill

One day after Facebook shut down 32 fake social media accounts that spewed politically divisive messages, U.S. lawmakers were warned that Russian efforts to confuse and polarize the American people are as robust and pernicious as ever. VOA Senate correspondent Michael Bowman reports both Republican and Democratic lawmakers are concerned.

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Conservation Detection Dogs Sniff out Threatened Species

Canines have served as working dogs for thousands of years. They guard our homes, help in search and rescue missions and assist people with disabilities. But now scientists are training a special group of Australian dogs to use their sensitive noses — and ears — to help find one of Australia’s most endangered creatures. VOA’s Julie Taboh has more.

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Print Yourself a Mobile House

Imagine this – a fully autonomous 3D-printed mobile house that can survive any weather and is completely self-powered. This is not a technological dream – it’s the ambitious project of a Ukrainian company called PassivDom. It’s working on the prototype of a printed home in Reno, Nevada. VOA’s Iuliia Iarmolenko gives us a look inside the 3D-printed walls of the futuristic house.

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Pakistan Halts Decline of Critically Endangered Vulture

The population of the white-backed vulture, which inhabits Africa and parts of South and Southeast Asia, has declined significantly over the past several decades to the point that it is now considered an endangered species. But a decade-long conservation effort in Pakistan appears to have stopped the vulture’s decline, as Ayaz Gul reports from Islamabad.

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Fields Medal Stolen from Kurdish Mathematician in Rio

A winner of the Fields Medal, often called the “Nobel Prize of mathematics,” had his prize stolen shortly after receiving it during a ceremony in Rio de Janeiro on Wednesday.

Caucher Birkar, a Kurdish refugee from Iran teaching at Cambridge University, put the gold medal, worth around $4,000, in a briefcase and soon afterward realized that it had been stolen, according to event organizers. Four mathematicians shared this year’s honor.

Security officials at the Riocentro venue, Riocentro, found the empty briefcase in a nearby pavillion. Police reviewed security tapes and identified two potential suspects.

“The International Congress of Mathematicians is profoundly sorry about the disappearance of the briefcase belonging to mathematician Caucher Birkar, which contained his Fields Medal from the ceremony this morning,” organizers said in a note.

It was the first time that the awards, held every four years, were hosted in the southern hemisphere.

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Congress Passes Bill Forcing Tech Companies To Disclose Foreign Software Probes

The U.S. Congress is sending President Donald Trump legislation that would force technology companies to disclose if they allowed countries like China and Russia to examine the inner workings of software sold to the U.S. military.       

The legislation, part of the Pentagon’s spending bill, was drafted after a Reuters investigation last year found software makers allowed a Russian defense agency to hunt for vulnerabilities in software used by some agencies of the U.S. government, including the Pentagon and intelligence services.      

The final version of the bill was approved by the Senate in a 87-10 vote on Wednesday after passing the House last week. The spending bill is expected to be signed into law by Trump.      

Security experts said allowing Russian authorities to probe the internal workings of software, known as source code, could help Moscow discover vulnerabilities they could exploit to more easily attack U.S. government systems.      

The new rules were drafted by Democratic Senator Jeanne Shaheen of New Hampshire.

“This disclosure mandate is the first of its kind, and is necessary to close a critical security gap in our federal acquisition process,” Shaheen said in an emailed statement.

“The Department of Defense and other federal agencies must be aware of foreign source code exposure and other risky business practices that can make our national security systems vulnerable to adversaries,” she said.   

Disclosure + database   

The law would force U.S. and foreign technology companies to reveal to the Pentagon if they allowed cyber adversaries, like China or Russia, to probe software sold to the U.S. military.      

Companies would be required to address any security risks posed by the foreign source code reviews to the satisfaction of the Pentagon, or lose the contract.      

The legislation also creates a database, searchable by other government agencies, of which software was examined by foreign states that the Pentagon considers a cyber security risk.      

It makes the database available to public records requests, an unusual step for a system likely to include proprietary company secrets.       

Tommy Ross, a senior director for policy at the industry group The Software Alliance, said software companies had concerns that such legislation could force companies to choose between selling to the U.S. and foreign markets.

“We are seeing a worrying trend globally where companies are looking at cyber threats and deciding the best way to mitigate risk is to hunker down and close down to the outside world,” Ross told Reuters last week.

A Pentagon spokeswoman declined to comment on the legislation.      

Source code revealed

In order to sell in the Russian market, technology companies including Hewlett Packard Enterprise Co, SAP SE and McAfee have allowed a Russian defense agency to scour software source code for vulnerabilities, the Reuters investigation found last year.      

In many cases, Reuters found that the software companies had not informed U.S. agencies that Russian authorities had been allowed to conduct the source code reviews. In most cases, the U.S. military does not require comparable source code reviews before it buys software, procurement experts have told Reuters.

The companies had previously said the source code reviews were conducted by the Russians in company-controlled facilities, where the reviewer could not copy or alter the software. The companies said those steps ensured the process did not jeopardize the safety of their products.      

McAfee announced last year that it no longer allows government source code reviews. Hewlett Packard Enterprise has said none of its current software has gone through the process.      

SAP did not respond to requests for comment on the legislation. HPE and McAfee spokespeople declined further comment.    

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British Businesses Told to Do More to Close ‘Obscene’ Gender Pay Gap

More British businesses should be made to report the difference in how much they pay male and female staff, lawmakers said Thursday, citing “obscene” gender pay gaps in some companies.

Businesses and charities with more than 250 workers must publish figures on their gender pay gap each year under a law introduced last year, but they account for less than half Britain’s workforce.

On Thursday a parliamentary committee said smaller firms tended to be more unequal, urging the government to extend the reporting requirement to all businesses with more than 50 employees.

​Shine a light wider

“Companies are failing to harness fully the talents of half the population,” said Rachel Reeves chairwoman of the Business, Energy and Industrial Strategy Committee.

The first round of reporting completed this year helped to shine a light on how men dominate the highest paid jobs in Britain, the committee said in a report. Yet more has to be done to bridge the country’s pay gap — one of the largest in Europe, it said.

“Our analysis found that some companies have obscene and entirely unacceptable gender pay gaps of more than 40 percent,” Reeves said.

The committee said the government should require companies to publish a blueprint to address discrepancies in salary and report annually on their progress. This year only 5 percent set themselves a target, it said.

“We have to move on from simply reporting the pay gap, to taking action to close it,” said Sam Smethers, the head of women’s rights group, the Fawcett Society.

Persistent problem

As in many other countries, gender pay inequality has been a persistent problem in Britain despite sex discrimination being outlawed in the 1970s, and has sparked a public debate in recent years over why wages are still so different for men and women.

The overall gender pay gap in Britain stands at 18.4 percent, according to government data published last year.

But for more than 1 in 10 large businesses the gap is higher than 30 percent, the report said.

“Employers have to adjust to the increasing need for flexible working and champion policies that enable caring responsibilities to be shared equality between women and men,” said Niki Kandirikirira of campaign group Equality Now.

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Dispute Over 3D-Printed Guns Raises Many Legal Issues

A little-known dispute over 3D-printed guns has morphed into a national legal debate in the last week, drawing attention to a technology that seems a bit of sci-fi fantasy and — to gun-control advocates — a dangerous way for criminals to get their hands on firearms that are easy to conceal and tough to detect.

The gun industry calls the outcry an overreaction that preys on unwarranted fears about a firearm that can barely shoot a round or two without disintegrating.

It also raises a host of constitutional questions involving First Amendment protections for free speech and Second Amendment rights to own guns.

Here are some questions and answers about the debate.

Q. What is behind the dispute?

A. Cody Wilson, the founder of Texas-based Defense Distributed, first posted downloadable blueprints for a handgun called the Liberator that could be made using a 3D printer in 2013. Within days it had been downloaded about 100,000 times until the State Department ordered him to cease, contending it violated federal export laws since some of the blueprints were saved by people outside the United States.

The dispute between Wilson and the federal government went on for years until this past June when they reached a settlement that paved the way for Wilson to resume posting the designs.

The State Department decision came amid an obscure administrative change — begun under the Obama administration — in how the weapons are regulated and administered. Military grade weapons remain under the purview of the State Department, while commercially available firearms fall under the Commerce Department. The settlement with Wilson determined that 3D-printed firearms are akin to more traditional firearms that aren’t subject to State Department regulations.

Wilson resumed sharing his blueprints for the gun the day the settlement went into effect last week.

​Q. Why does Wilson want the authority to post the designs on his website?

A. Wilson calls it a First Amendment issue. He believes the First Amendment gives him a constitutional right to disseminate the code to make a gun with a 3D printer.

“This is a very, very, very easy First Amendment question that I think people might be hesitant to accept because it involves guns and people don’t like guns,” said his lawyer, Josh Blackman.

And Wilson has a strong legal claim that distribution of the information is different than actually making an all-plastic firearm.

While it is a violation of the federal Undetectable Firearms Act to make, sell or possess a firearm that can’t be detected by magnetometers or metal detectors, what Wilson is doing is simply providing the information on how to make such a firearm.

“What Defense Distributed was doing was not making and then shipping the weapons overseas,” said Chuck James, a former federal prosecutor who is now a private lawyer with the Washington, D.C.-area firm of Williams Mullen. “They were making the data available on the web where it would be available to someone overseas.”

​Q. What kind of gun designs are available on the website?

A. Defense Distributed shows a variety of designs. The code for a 3D-printed gun is for what he calls the Liberator, which gets its name from a pistol American forces used during World War II.

His design includes a metal firing pin and a metal block. His site also includes blueprints to make various AR-platform long guns and some other handguns using more traditional means and materials.

Q. Are 3D-printed guns legal?

A. In 1988, the U.S. enacted the Undetectable Firearms Act, making it illegal to manufacture, sell or possess a firearm that couldn’t be detected by a metal detector. That law has been renewed several times by Congress and remains in effect.

If 3D-printed guns contain enough metal to be flagged by a metal detector, they are considered legal under U.S. law.

Gun-control advocates argue that the risks are too great to allow 3D-printed guns because even if they’re designed to include metal, it’s too easy for someone to not include those pieces or to remove them to skirt detection.

“It’s an absurdity. You can take the piece of metal out and put it back in at your own whims and you can take it out and walk through a metal detector undetected,” said Jonas Oransky, legal director for Everytown for Gun Safety.

Q. How well do 3D-printed guns work?

A. Gun experts and enthusiasts recoil at the suggestion that a 3D-printed gun is a true threat, calling the firearms mere novelties.

Unlike traditional firearms that can fire thousands of rounds in their lifetime, 3D-printed guns are notorious for usually lasting only a few rounds before they fall apart. They don’t have magazines that allow the usual nine or 15 rounds to be carried; instead, they usually hold a bullet or two and then must be manually loaded afterward. And they’re not usually very accurate either.

A video posted of a test by the federal Bureau of Alcohol, Tobacco, Firearms and Explosives in 2013 showed one of the guns produced from Wilson’s design — the Liberator — disintegrating into pieces after a single round was fired.

“People have got this Star Trek view” of the guns being futuristic marvels, said Chris Knox, communications director for The Firearms Coalition, a gun-rights group. “We’re not talking about exotic technology.”

Others are quick to point out that normal guns are readily available in the U.S. with little regulation, making 3D-printed guns a major hassle compared with regular weapons.

Q. What’s the status of the debate?

A. A federal judge on Tuesday issued a temporary restraining order blocking Wilson from continuing to post the designs on his site. A hearing is to be held in that case next week.

In the meantime, President Donald Trump criticized the Department of Justice advising the State Department to reach a settlement with Wilson without first consulting with him.

Wilson’s website currently displays a banner asking people to help “to uncensor the site.” Clicking a link directs the person to a page to pay membership dues ranging from $5 a month to $1,000 for a lifetime.

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Plastics Contribute to Global Warming, Scientists Say

Add plastics to the list of causes for global warming.

Scientists writing in the journal PLOS One said Wednesday that plastics emit the greenhouse gases methane and ethylene when they are exposed to sunlight and degrade.

The researchers carried out tests on such common plastic products as water bottles, shopping bags and food containers.

“Plastic represents a source of climate-relevant trace gases that is expected to increase as more plastic is produced and accumulated in the environment,” said senior researcher David Karl of the University of Hawaii.

Methane gas, both man-made and naturally occurring, is said to be a major cause of climate change.

The manufacturing and use of plastics have come under scrutiny in recent years after environmentalists discovered a massive island of garbage floating in the Pacific Ocean — threatening sea life and the food supply.

Plastic drinking straws are the latest target of activists, who say they are used once and discarded because most cannot be recycled.

A graphic video of doctors pulling a plastic straw out of the bloody nose of a large sea turtle has prompted some U.S. cities and companies to phase out the straws.

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US Confirms Plan to Raise China Import Tariff to 25 Percent

U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said Wednesday.

U.S. Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods.

“The increase in the possible rate of the additional duty is intended to provide the administration with additional options to encourage China to change its harmful policies and behavior and adopt policies that will lead to fairer markets and prosperity for all of our citizens,” Lighthizer said in a statement.

There have been no formal talks between Washington and Beijing for weeks over Trump’s demands that China make fundamental changes to its policies on intellectual property protection, technology transfers and subsidies for high

technology industries.

Two trump administration officials told reporters on a conference call that Trump remains open to communications with Beijing and that through informal conversations the two countries are discussing whether a “fruitful negotiation” is possible.

“We don’t have anything to announce today about a specific event, or a specific round of discussions, but communication remains open and we are trying to figure out whether the conditions present themselves for a specific engagement between the two sides,” one of the officials said.

Derek Scissors, a China scholar at the American Enterprise Institute in Washington, said a 25 percent tariff rate is more likely to shut out Chinese products and shift American supply chains to other countries, as a 10 percent duty could be offset by government subsidies and weakness in China’s yuan currency.

“If we’re going to use tariffs, this gives us more flexibility and it’s a more meaningful threat,” he said, adding that Trump’s pressure strategy will not work if he does not resolve trade disputes with U.S. allies such as the European Union, Mexico and Canada.

Public comment period extended

The higher tariff rate, if implemented, would apply to a list of goods valued at $200 billion identified by the USTR last month as a response to China’s retaliatory tariffs on an initial round of U.S. tariffs on $34 billion worth of Chinese electronic components, machinery, autos and industrial goods.

Trump has ultimately threatened tariffs on over $500 billion in Chinese goods, covering virtually all U.S. imports from China.

The USTR said it would extend a public comment period for the $200 billion list to September 5 from August 30 because of the possible tariff rate rise.

The list, unveiled on July 10, hits American consumers harder than previous rounds, with targeted goods including such items as tilapia, dog food, furniture, lighting products, printed circuit boards and building materials.

China said Wednesday that “blackmail” would not work and that it would hit back if the United States took further steps hindering trade, including applying the higher tariff rate.

“U.S. pressure and blackmail won’t have an effect. If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our legitimate rights,” Chinese Foreign Ministry spokesman Geng Shuang told a regular news briefing.

Investors fear an escalating trade war between Washington and Beijing could hit global economic growth, and prominent U.S. business groups, while weary of what they see as China’s mercantilist trade practices, have condemned Trump’s aggressive tariffs.

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A Special Type of 3-D Printing

3-D printers are being used extensively in industry, research, teaching and hobbies, printing with metal, plastic and even edible material such as dough. Researchers at Carnegie Mellon University in Pittsburgh are experimenting with another kind of 3-D printing — with yarn. VOA’s George Putic reports.

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Google Mum on Chinese Search Engine Reports

Google declined Wednesday to confirm reports that it plans to launch a censored version of its search engine in China, where its main search platform was previously blocked, along with its YouTube video platform.

“We provide a number of mobile apps in China … [to] help Chinese developers, and have made significant investments in Chinese companies like JD.com. But we don’t comment on speculation about future plans,” a Google spokesperson told VOA in a statement.

The first report on the possible rollout came from The Intercept, and online news publication, which cited internal Google documents and people familiar with the purported plan.

The Intercept said the project, code-named Dragonfly, has been in development since last year. It said the project began to progress more quickly following a December meeting between Google CEO Sundar Pichai and a senior Chinese government official.

Search terms regarding democracy, human rights and peaceful protests will be among those blacklisted in the new search engine app, the report said. It added the search engine had already been demonstrated to Chinese government officials.

The report said a final version could be introduced within six to nine months, pending approval of Chinese officials.

China’s top internet regulator, the Cyberspace Administration of China, has not commented on the reported plans.

U.S. Senator Marco Rubio, a Florida Republican and former U.S. presidential candidate, posted on Twitter that Google should be given the “benefit of the doubt” but that the reported plans were still “very disturbing.”


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Fed Keeps Key Rate Unchanged While Signaling Future Hikes

The Federal Reserve is leaving its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy.

The Fed’s decision left the central bank’s key short-term rate at 1.75 percent to 2 percent – the level hit in June when the Fed boosted the rate for a second time this year.

 

The Fed projected in June four rate hikes this year, up from three in 2017. Private economists expect the next hike to occur at the September meeting.

 

In a brief policy statement, the Fed notes a strengthening labor market, economic activity growing at “a strong rate,” and inflation that’s reached the central bank’s target of 2 percent annual gains. Officials see economic risks as roughly balanced.

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EU Imports of US Soybeans Were Rising Before Deal With Trump

European Union imports of U.S. soybeans were already rising substantially before a top EU official told President Donald Trump last week that the bloc would buy more.

EU Commission figures released Wednesday show that 37 percent of the bloc’s soybean imports last month were coming from the U.S., compared with 9 percent in July 2017.

Amid a looming trade war over tariffs, Trump and Commission President Jean-Claude Juncker agreed on July 25 to start talks intended to achieve “zero tariffs” and “zero subsidies” on non-automotive industrial goods.

The EU also agreed to buy more U.S. soybeans and build more terminals to import liquefied natural gas from the United States.

“The European Union can import more soybeans from the U.S. and this is happening as we speak,” Juncker said.

But a high level EU official said the increase in soybean purchases from the U.S. is due only to economics, as they are cheaper than imports from Brazil and Argentina. The official, who spoke only on condition of anonymity because of the sensitivity of the issue, said there was no political reason for the increase.

 

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