Target is following other national chains in asking gun owners not to bring their guns shopping, including states where open-carry is legal. Target has been a target of both open-carry demonstrators in Texas, and anti-gun groups protesting people carrying rifles into Target stores, where 80 percent of the shoppers are women and children. We look at the cost to retailers following in Wyatt Earp’s footsteps. Plus, LAUSD is backing away from its iPad for every kid policy and is opening up its classrooms to several other devices made by Google, Microsoft, etc. With hundreds of millions of education-tech dollars being spent by school districts, what does LA’s move mean for the competition to own the classroom, here and elsewhere. Also, Apple bought Beats, then Amazon added music to its Prime service, and now Google is buying the music streaming site Songza, which selects songs for users based on their activities and the time of day. It's been a busy few weeks for music streaming— already a crowded space. Why does everyone want to be in the music business? Or is it less about being in the music business and more about being in the everything business? We investigate.
Several government agencies are making worried noises about the number of HELOCs that will come due in the next two years. These balloon payments that result from “end of the draw”, when a line of credit matures, could put a great deal of stress on the economy. We explain what end of the draw is, and why it could be a problem for the US. Also, Yahoo is saving the cult sitcom "Community", by announcing it will pay for the show's sixth season. We look at how "Community" fits in to Yahoo's plans to be a content provider and its ability to compete in this area.
The Supreme Court rules the ACA’s contraception provisions violate a federal law protecting religious freedom in the case of two challenging corporations. The court restricts the idea of religious liberty to corporations of a certain kind: closely held corporations, the vast majority of which are individuals or small family businesses. Some, though, are large: Hobby Lobby, one of today’s plaintiffs, is family owned and employs nearly 20,000 people. Also, the revelation that Facebook has been manipulating the feelings of its users revealed the existence of its data science division. We look at what the division does, why it’s so important to Facebook, and why knowing so much about your feelings is key to Facebook’s success. Plus, President Obama today nominates Bob McDonald, the former chief executive of Procter and Gamble, as the new chief of Veterans Affairs. McDonald will inherit a department riddled with deep-rooted problems. So what does the appointment of an outsider from the private sector say about the future of the VA?
Ukraine signed a historic trade deal today with the European Union. An accord with the EU was rejected last year by former president Viktor Yanukovych in favor of a deal with Russia. The backlash sparked his ouster, fighting between pro-European and pro-Russian Ukrainians and Russia’s annexation of Crimea. We look at what’s in the EU Association Agreement and what it will mean for Ukraine in terms of trade, jobs and exports. Also, did anyone else have trouble watching the World Cup US-Germany game online? Why does ESPN's online streaming choke for US viewers at the worst possible time during the World Cup? We investigate the "peak" problem.
General Motors is recalling some Chevy Cruze sedans because of a potential problem with the airbags. The Cruze is GM’s best-selling vehicle in North America, and this is just the latest in a string of GM safety issues. Is this the tipping point where the recalls start hitting GM’s bottom line? Plus, the Office of the Comptroller of the Currency yesterday released a study showing that banks are making riskier loans. They’re making them indirectly to individuals in the form of auto loans, and directly in the form of so-called covenant-lite loans. We look at what these loans are, why they’re risky and what it means for the economy. Also, sponsors pay big money to put their names on team gear. So when one Brazilian player peeled off his shirt to reveal he was wearing the wrong underwear, it was more than something funny to talk about. We look at the serious business of sponsorship—and product (mis)placement.
The US economy shrank at an annual rate of 2.9 percent in the January-March quarter, according to the latest figures from the Commerce Department. Its estimates a month ago indicated the first-quarter contraction was just one percent. We explore the limited significance of the latest gloomy figures in the current climate of optimism. Also, turns out there may be a crack in the U.S. ban on oil exports, something producers in fracking regions are currently lobbying for. And the ultralight oil produced by fracking is what’s seeping through that crack. Fracked oil is so light that refineries aren’t set up to handle it, intensifying a surplus that already exists because of high production. We investigate.