This is WEEKEND EDITION from NPR News. I'm Don Gonyea. Some news this week got us thinking about how radically our viewing habits are changing. The broadband service company, Sandvine, released a study that shows that Netflix and YouTube now account for more than half of the data we consume on fixed networks, which is to say at home or work. It's just one more bit of evidence that Americans are increasingly turning to online video sources for news and entertainment, rather than TV, which mean advertisers have to do the same.
JPMorgan Chase & Co. says it will pay a $4.5 billion settlement to investors over mortgage-backed securities.
Credit Emmanuel Dunand / AFP/Getty Images
JPMorgan Chase & Co. has agreed to pay $4.5 billion to settle claims from investors who lost money on mortgage-backed securities that went sour as the U.S. housing market imploded.
The settlement is with 21 institutional investors and is separate from the $13-billion-dollar agreement reached last month with the Department of Justice to settle civil charges related to wrongdoing by some of JPMorgan's units.
A year and half ago, Baruch Herzfeld, an entrepreneur in New York City, had a novel idea: connect immigrants in the U.S. with radio stations in their home country using nothing more than a cheap cellphone.
Recent disclosures about NSA surveillance have affected U.S. relations with allies and tainted America's image around the world. Now the fallout seems to be creeping into the U.S. tech sector.
Cisco Systems, which manufactures network equipment, posted disappointing first-quarter numbers this week and warned that revenues for the current quarter could drop as much as 10 percent from a year ago — partly as a consequence of the NSA revelations.
Behind all our material goods, from iPhones to sneakers, is a narrative of exploited Chinese workers with bleak lives. Reporter Leslie T. Chang says that's a disrespectful narrative. She sought out workers in a Chinese megacity and tells their stories.
Originally published on Fri November 15, 2013 11:32 am
An investor is seen at a brokerage house in Shanghai, China, on Aug. 16.
Credit Ding Ting / Xinhua /Landov
We told you this morning about changes announced in China regarding the country's one-child policy, as well as an announcement that it was ending its system of labor camps. But those aren't the only policy shifts by the Communist Party.
China also said Friday that it would loosen restrictions on foreign investment in e-commerce and other businesses, and allow private competition in state-dominated sectors.