HYIP-Man: June 2019
Sunday, June 30, 2019
1 BTC equals 11566.3701 USD

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Saturday, June 29, 2019
1 BTC equals 11794.54 USD

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Friday, June 28, 2019
1 BTC equals 11826.8701 USD

As of June 28, 2019 at 10:50PM, 1 BTC equals 11826.8701 USD.

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NYT Technology: Apple to Manufacture New Mac Pro Computer in China Instead of U.S.
Apple to Manufacture New Mac Pro Computer in China Instead of U.S.
The company's move to shift assembly of the only major product it had made in America outside the country comes amid a continuing trade war between the United States and China.

more @ The New York Times
Apple’s Mac Pro Was its Last Big ‘Made in America’ Product. Now it’s Moving to China

Apple will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the U.S., the Wall Street Journal reported.

The company will use Quanta Computer Inc. to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, the Journal reported Friday, citing people familiar with the matter.

The news comes as China and the U.S. are embroiled in a trade war, with the Trump administration having imposed billions of dollars in tariffs on Chinese-made goods, and threatening more tariffs that would hit Apple products. Chinese President Xi Jinping and U.S. President Donald Trump are scheduled to discuss the tariffs at a highly-anticipated meeting during the Group of 20 summit in Japan on Saturday. Trump has called out Apple specifically in the past asking it to move more of its production from China to the U.S.

Apple shares fell 1% on the news before recovering somewhat. They were trading at $198.21 at 10:49 a.m. in New York.

"Like all of our products, the new Mac Pro is designed and engineered in California and includes components from several countries including the United States," Apple said in a statement. "We're proud to support manufacturing facilities in 30 US states and last year we spent $60 billion with over 9,000 suppliers across the US. Our investment and innovation supports 2 million American jobs. Final assembly is only one part of the manufacturing process."

By producing the Mac Pro at Quanta's facility, which is close to other Apple suppliers around Asia, it will allow Apple to take advantage of lower shipping costs than if it shipped components to the U.S., the Journal said.

For the last Mac Pro introduced in 2013, Apple Chief Executive Officer Tim Cook made a show of manufacturing the computer in Austin, Texas, as part of the company's $100 million Made-in-the-USA push. Late last year Apple announced it would invest $1 billion to expand its operations there with a new employee campus.

But the Mac Pro caused production headaches, which slowed production and constrained Apple's ability to make enough computers to meet demand. Three years later, some Apple engineers raised the possibility of moving production back to Asia, where it is cheaper and manufacturers have the required skills for ambitious products, a person familiar with the discussions told Bloomberg at the time.

The Mac Pro is Apple's lowest-volume product, however the decision on where to make it comes at a particularly sensitive time. For more than a year, Apple avoided major damage from the U.S. trade war with China, thanks in part to a White House charm offensive by Cook. But the recent round of tariffs proposed by the U.S. includes mobile phones, such as the iPhone, Apple's most-important product that is made almost entirely in China. Laptops and tablets may also be encumbered with the 25% import levy.

Cook urged the Trump administration not to proceed with the latest round of tariffs, saying it would reduce the company's contribution to the U.S. economy.

Apple spent decades building one of the largest supply chains in the world. The company designs and sells most of its products in the U.S., but imports them from China after assembly. That makes it one of the most exposed companies to tariffs. The company may also be evaluating moving some production out of China to elsewhere in Asia, according to a recent Nikkei report.

MOLLY SCHUETZ AND MARK GURMAN / BLOOMBERG
NASA Image of the Day: Last Test Article for NASA’s SLS Rocket Departs Michoud Assembly Facility
Last Test Article for NASA's SLS Rocket Departs Michoud Assembly Facility
The last of four structural test articles for NASA's Space Launch System (SLS) was loaded onto NASA's barge Pegasus Wednesday, June 26, 2019, at NASA's Michoud Assembly Facility in New Orleans.

June 28, 2019
NYT Technology: The Week in Tech: Can You Put a Price on Your Personal Data?
The Week in Tech: Can You Put a Price on Your Personal Data?
New legislation could tell you how much your data is worth. But you might be disappointed by the price tag.

more @ The New York Times
U.S. refinery capacity reaches record high at the start of 2019
U.S. refinery capacity reaches record high at the start of 2019
As of January 1, 2019, U.S. operable atmospheric crude oil distillation capacity was a record-high 18.8 million barrels per calendar day (b/cd), an increase of 1.1% since the beginning of 2018, according to EIA's annual Refinery Capacity Report. The previous high of 18.6 million b/cd was set at the beginning of 1981. U.S. annual operable crude oil distillation unit (CDU) capacity has increased slightly in six of the past seven years. Operable capacity includes both idle and operating capacity.

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NYT Technology: As Trump and Xi Talk Trade, Huawei Will Loom Large
As Trump and Xi Talk Trade, Huawei Will Loom Large
China is not expected to accept a deal to lift tariffs unless there's relief for its biggest, most internationally successful tech company.

more @ The New York Times
NYT Technology: Facebook Did Not Address Hacking Attack on Popular Grief Support Page for Weeks, Moderators Say
Facebook Did Not Address Hacking Attack on Popular Grief Support Page for Weeks, Moderators Say
Page administrators of Grief the Unspoken say a hacker repeatedly posted disturbing images on the page, which has 500,000 followers.

more @ The New York Times
Thursday, June 27, 2019
Celebrated Apple Designer Jony Ive Is Leaving the Company After Nearly 3 Decades

Jony Ive, one of the world's foremost designers, is leaving Apple after nearly three decades to start an independent design firm.

Ive will, however, continue working with Apple from the outside — his new venture, called LoveFrom, will count the iPhone maker as a client. Marc Newson, another famed designer, is joining LoveFrom as well.

"While I will not be an [Apple] employee, I will still be very involved — I hope for many, many years to come," Ive told the Financial Times in an interview that published at the same time as Apple's official announcement. "This just seems like a natural and gentle time to make this change."

In a statement, Apple CEO Tim Cook called Ive "a singular figure in the design world."

"Apple will continue to benefit from Jony's talents by working directly with him on exclusive projects, and through the ongoing work of the brilliant and passionate design team he has built," Cook said. "After so many years working closely together, I'm happy that our relationship continues to evolve and I look forward to working with Jony long into the future."

Ive has long been considered a key creative force behind Apple's overall design philosophy, working on everything from the iPhone to the company's futuristic new headquarters, officially called Apple Park but nicknamed "The Spaceship." His departure will come as a shock to some, though whispers of his impending departure have ebbed and flowed for years.

Apple's challenge will now be convincing investors, fans and the world at large that it can forge ahead without a creative force who, alongside the late Steve Jobs and Cook, is credited with the company's resurrection and cultural dominance. Apple's stock fell about 1% in after-hours trading following the news of Ive's departure.

Some, however, may welcome the shakeup given some of the company's controversial design choices in recent years. The previous generation of the Mac Pro, while a bold effort, was largely seen as a flop, the wireless Magic Mouse 2 can't be used while it's charging, and some of the company's MacBook keyboards are suffering from glitches thought to be related to their unique design.

With Ive on the way out, Apple's Evans Hankey and Alan Dye, vice president of industrial design and vice president of human interface design, respectively, will report to COO Jeff Williams, who's taken point on the Apple Watch.

Alex Fitzpatrick
NYT Technology: Jony Ive, Apple’s Head of Design, Is Leaving the Company
Jony Ive, Apple's Head of Design, Is Leaving the Company
The longtime Apple executive, who played a key role in some of the company's most iconic products, is starting his own firm. Apple will be a client.

more @ The New York Times
NYT Technology: Trade War Has Damaged U.S. Chip Industry in Ways a Deal May Never Fix
Trade War Has Damaged U.S. Chip Industry in Ways a Deal May Never Fix
Beyond the current financial hit, American producers fear Chinese companies will strengthen domestic manufacturing and switch to other foreign suppliers they consider more dependable.

more @ The New York Times
NYT Technology: Twitter to Label Abusive Tweets From Political Leaders
Twitter to Label Abusive Tweets From Political Leaders
The labeled messages will not be removed from the service, the company said, because they are a matter of public interest.

more @ The New York Times
1 BTC equals 11853.79 USD

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NASA Image of the Day: Tumultuous Clouds of Jupiter
Tumultuous Clouds of Jupiter
This stunning image of Jupiter's stormy northern hemisphere was captured by NASA's Juno spacecraft as it performed a close pass of the gas giant planet.

June 27, 2019
Colorado changes its regulatory structure for oil and natural gas production
Colorado changes its regulatory structure for oil and natural gas production
In mid-April, Colorado's governor signed a law changing the way the state regulates its oil and natural gas industry. Senate Bill 181, also known as Protect Public Welfare Oil and Gas Operations, amends the Oil and Gas Conservation Act and gives counties and municipalities increased regulatory authority over oil and natural gas development in their jurisdictions.

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Chinese Tech Giant Huawei Warns That U.S. Patent Curbs Would Hurt ‘Global Innovation’

(SHENZHEN, China) — Chinese tech giant Huawei warned Thursday a U.S. senator's proposal to block the company from pursuing damages in patent courts would be a "catastrophe for global innovation."

The proposal comes amid mounting U.S. action against Huawei, the biggest maker of switching gear for phone carriers, amid tension over Beijing's technology ambitions. The company has been devastated by the Trump administration's decision to impose restrictions on its access to American chips for smartphones and other components and technology.

Disrupting Huawei's access to U.S. patent courts would threaten the intellectual property system that supports technology development, said Song Liping, the company's chief legal officer.

The proposal by Sen. Marco Rubio, a Republican from Florida, followed reports Huawei Technologies Ltd. is asking for $1 billion from American phone carrier Verizon for use of the Chinese company's patents.

"If such a legislative proposal were to be passed, it would be a catastrophe for global innovation. It would have terrible consequences," Song said at a news conference. He said it would "break the foundation of IP protection."

American officials accuse Huawei of facilitating Chinese spying, a charge the company denies, and see it as a growing competitive threat to U.S. technology industries.

Huawei's founder, Ren Zhengfei, said this month it has cut its project sales by $30 billion over the next two years due to curbs on access to American chips and other components. He said smartphone sales outside China will fall 40%.

Huawei's U.S. sales of network gear evaporated after a congressional panel labeled the company a security threat in 2012 and told phone carriers to avoid it. But the Chinese company has a patent portfolio it licenses to manufacturers and carriers.

Song gave no confirmation of how much Huawei wants from Verizon or the basis of its claims.

"Intellectual property litigations are matters that should be heard and ruled on by courts. They should not be politicized," he said.

Huawei, founded in 1986, has China's biggest corporate research and development budget at $15 billion in 2018. The company is a leader in developing next-generation telecoms technology.

On Wednesday, a U.S. federal court jury in Texas ruled Huawei stole trade secrets from a Silicon Valley company but awarded no damages, saying the Chinese company didn't benefit.

The jury rejected Huawei's claims that Cnex Labs Inc. co-founder Yiren Huang stole its technology while he worked at a Huawei subsidiary.

Huawei's head of intellectual property, Jason Ding, said the company was studying the verdict and deciding what to do next.

Asked about a report by Bloomberg News that some Huawei researchers had published papers with Chinese military personnel over the past decade, Song said the company wasn't aware of its employees publishing research as private individuals.

"We don't customize products or do research for the military," said Song. "We are not aware of employees publishing papers. We don't have projects of that kind."

Dake Kang / AP
NYT Technology: Would You Pay $30 a Month to Check Your Email?
Would You Pay $30 a Month to Check Your Email?
One of Silicon Valley's buzziest start-ups, Superhuman, is betting its app's shiny features are worth a premium price.

more @ The New York Times
A New Software Glitch Has Been Found in Boeing’s Troubled 737 Max Jet

A new software problem has been found in the troubled Boeing 737 Max that could push the plane's nose down automatically, and fixing the flaw is almost certain to further delay the plane's return to flying after two deadly crashes.

Boeing said Wednesday that the FAA "identified an additional requirement" for software changes that the aircraft manufacturer has been working on for eight months, since shortly after the first crash.

"Boeing agrees with the FAA's decision and request, and is working on the required software to address the FAA's request," Boeing said in a statement.

Government test pilots trying out Boeing's updated Max software in a flight simulator last week found a flaw that could result in the plane's nose pitching down, according to two people familiar with the matter. In both Max crashes, the plane's flight-control software pushed the nose down based on faulty readings from one sensor.

The people said fixing the issue might be accomplished through software changes or by replacing a microprocessor in the plane's flight-control system. One said the latest setback is likely to delay the plane's return to service by an extra one to three months. Both spoke on condition of anonymity to discuss aspects of the review process that are not public.

In a statement, the Federal Aviation Administration said it will lift its grounding of the plane only when it deems the jet safe — there is no set timeline.

"On the most recent issue, the FAA's process is designed to discover and highlight potential risks. The FAA recently found a potential risk that Boeing must mitigate," the agency said.

The Max began passenger flights in 2017 and is Boeing's best-selling plane, although fewer than 400 have been delivered to airlines. A Max flown by Indonesia's Lion Air crashed in October, and an Ethiopian Airlines Max crashed in March. In all, 346 people died. Days after the second crash, regulators around the world grounded the plane.

Boeing is scaling back the power of flight-control software called MCAS to push the nose down. It is also linking the software's nose-down command to two sensors on each plane instead of relying on just one in the original design.

It is still uncertain what kind of training pilots will get for flying the plane with the new software — either computer-based or in-flight simulators.

Meanwhile, some airlines that own Max jets have had to cancel large numbers of flights while the planes remain grounded.

On Wednesday, United Airlines pushed back the scheduled return of its 14 Max jets until September. Southwest Airlines and American Airlines had already made similar announcements — an acknowledgement that the plane won't return to flying as soon as the airlines had hoped.

David Koenig / AP
Wednesday, June 26, 2019
NYT Technology: Google and the University of Chicago Are Sued Over Data Sharing
Google and the University of Chicago Are Sued Over Data Sharing
The lawsuit demonstrates the tension between building A.I. systems and protecting the privacy of patients.

more @ The New York Times
NYT Technology: Etika, a YouTube Personality, Is Mourned by Fans
Etika, a YouTube Personality, Is Mourned by Fans
The 29-year-old's death highlighted the way that social media networks handle posts by users who are struggling with mental illness.

more @ The New York Times
1 BTC equals 12638.0898 USD

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NYT Technology: For a TV Editor, 500 New Shows a Year Require a Fresh Script
For a TV Editor, 500 New Shows a Year Require a Fresh Script
Coverage is adapting to a flood of programming, and tools that Jeremy Egner relied on for "Game of Thrones" (hello, fan wikis!) are now being applied to other shows.

more @ The New York Times
NASA Image of the Day: Searching for Freshwater In Snowy Places
Searching for Freshwater In Snowy Places
Snowflakes that cover mountains or linger under tree canopies are a vital freshwater resource for over a billion people around the world.

June 25, 2019
U.S. electricity generation from renewables surpassed coal in April
U.S. electricity generation from renewables surpassed coal in April
In April 2019, U.S. monthly electricity generation from renewable sources exceeded coal-fired generation for the first time based on data in EIA's Electric Power Monthly. Renewable sources provided 23% of total electricity generation to coal's 20%. This outcome reflects both seasonal factors as well as long-term increases in renewable generation and decreases in coal generation. EIA includes utility-scale hydropower, wind, solar, geothermal, and biomass in its definition of renewable electricity generation.

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NYT Technology: Buy Low-Tops, Sell High-Tops: A Sneaker Exchange Is Worth $1 Billion
Buy Low-Tops, Sell High-Tops: A Sneaker Exchange Is Worth $1 Billion
StockX is one of several online marketplaces that have turned resales of shoes into a big — and highly valued — business.

more @ The New York Times
NYT Technology: A Comprehensive Guide to Taking Your Smartphone Abroad for Cheap
A Comprehensive Guide to Taking Your Smartphone Abroad for Cheap
For $15 to $40, you can easily bring your phone to a foreign country and enjoy access to apps, maps and the web. But it takes a lot of steps, hence this travel guide.

more @ The New York Times
Japan, a Big Plastic User, Fights Waste Ahead of the G-20 Summit
TOKYO (AP) — Japan has a plastic problem.In a country where cleanliness and neat packaging have long been considered good service, almost everything, from single bananas to individual pieces of vegetables, pastries, pens and cosmetics is sold plastic-wrapped.

But as world leaders descend on Osaka for the two-day G-20 summit that starts Friday, Japan will attempt to become a leader in environmental policy at the same time it plays catch-up with countries that already have well-defined goals in place.

In the months leading up to the G-20 summit, Japanese officials have delivered full-throated endorsements of future bans on single-use plastics, beach cleanup efforts and more research into alternatives such as bioplastics. The problem is, the enforcement and timing of the directives have yet to match measures already in place in the EU — including sweeping legislation passed earlier this year that will ban single-use plastic in all member states by 2021.

Just last summer, Japan was criticized for failing to sign the G-7 Plastics Charter, the only country to do so besides the United States.

At a mid-June meeting of G-20 environmental ministers in Karuizawa, Japan brokered an agreement to begin sharing best practices and establishing standards for tracking marine plastic waste, but stopped short of setting numerical goals or a timeline for progress.

Japan is the world's No. 2 consumer of single-use plastic packaging per person — the United States is No. 1 — according to a 2018 U.N. Environment Program report. G-20 nations produce half the world's plastic waste, and Japanese Prime Minister Shinzo Abe, who will chair the summit, has made fixing the problem a top initiative, both at the summit and in Japan.

But Japanese promotional efforts, such as crafting next year's Tokyo Olympic medals and champion podiums from recovered metals and plastics, have failed to impress experts who say that Japan cannot recycle its way out of a global plastic waste crisis, and that the country instead needs to focus on reducing plastic at the earlier end of the supply chain.

"What we are asking for is the reduction of plastic produced in the first place," said Mageswari Sangararalingam, a Malaysian-based waste management expert.

There are signs that Japan is beginning to recognize its own difficulties.

Trade Minister Hiroshige Seko announced at the G-20 environment ministers' meeting plans for a law that will require retailers to charge fees for plastic shopping bags as early as next April.

Seven & i Holdings Co., the Japanese operator of 7-Eleven convenience stores, announced a plan last month to replace all plastic shopping bags with paper by 2030 and all plastic packaging with paper, biodegradable or other reusable materials at its nearly 21,000 stores nationwide. Those goals are more ambitious than the government's 2030 target for a 25% reduction in single-use plastic.

Selected 7-Eleven stores near Tokyo, including one at Yokohama, have started offering paper bags instead of plastic. Saemi Nakamura, a customer, said the change is welcome. "The world is talking about the use of plastic not being good. I think paper bags are better," Nakamura said.

Another convenience store chain, Ministop, began charging 3 yen (3 cents) per plastic shopping bag in an experiment at two stores in Chiba, near Tokyo, which is to be expanded to about 40 outlets by early 2020.

But plastic shopping bags and packaging are only a small part of the overall plastic waste problem, experts say. As much as 12.7 million tons of plastic waste end up in the ocean each year, of which up to 60,000 tons comes from Japan, according a study cited by the country's Environment Ministry.

Japan is also the world's No. 2 exporter of plastic waste. It used to export about 1.5 million tons per year, mainly to China. After China stopped accepting plastic imports in 2017, several Southeast Asian nations became new targets, but some countries, including Malaysia and the Philippines, are now turning the shipments back. They accused rich countries of pushing their garbage onto poorer nations.

Officials in Japan have scrambled to find a new home for the country's used plastic by establishing a 1.9 billion yen ($18 million) emergency fund over the past two years and asking local authorities and waste handlers to shoulder additional loads for recycling and incineration. Japan's plastic waste exports last year totaled 1 million tons, according to trade statistics, but experts say the decline could be linked to an increase in illegal exports or stockpiles at garbage dumps.

"We are trying to develop more domestic plastic recycling facilities and capabilities, but it takes some time," said Hiroshi Ono, an Environment Ministry official.

At a factory on Tokyo Bay, one of more than a dozen operated by plastic recycling company Kyoei Industry Co., about 35 tons of PET bottles are processed daily. They come in hundreds of bales, each wrapped in plastic, and are then unraveled, sorted, pulverized, heated and minced. Next they're turned into fine pellets and reborn as egg cartons, school uniforms, soccer jerseys and other sports equipment, as well as PET bottles, returning to store shelves, said company president Eiichi Furusawa.

"Even if we wanted to (export plastic waste), no country welcomes imports now," Furusawa said. "We think we need to circulate plastic domestically."

___

Associated Press writer Mari Yamaguchi contributed to this report.

ALEX BARREIRA and HARUKA NUGA / AP
NYT Technology: Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.
Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.
The social media company said it had signed 27 partners to its Libra project. But executives at some of those companies said they were approaching it warily.

more @ The New York Times
Tuesday, June 25, 2019
NYT Technology: U.S. Tech Companies Sidestep a Trump Ban, to Keep Selling to Huawei
U.S. Tech Companies Sidestep a Trump Ban, to Keep Selling to Huawei
Chip makers' deals underscore how difficult it is to clamp down on companies that the administration considers a national security threat.

more @ The New York Times
1 BTC equals 11438.3301 USD

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Amazon Prime Day Will Last 48 Hours This Year. Here’s What to Know

Prime Day, Amazon's big annual sale, will last two full days this year, the company revealed Tuesday.

Amazon Prime subscribers will start seeing Prime Day deals at 12:00am PST on Monday, July 15th, and they will last through 11:59pm PST on Tuesday, July 16th. During Prime Day, Amazon typically offers a litany of sales (over 1 million deals globally) for Prime subscribers.

Prime Day is meant to reward existing Amazon Prime members, as well as bring in new subscribers. Amazon's Prime program already has more than 100 million subscribers, CNN reports. Prime costs $119 a year (or $59 for students) and includes benefits ranging from free two-day shipping to streaming movies, unlimited photo storage and more.

Amazon often uses Prime Day to promote its own ever-expanding list of products and Alexa-enabled gadgets with marked-down prices and exclusive deals. It's possible that shoppers at Whole Foods, which Amazon acquired in 2017, will also see sales — the retailer offered $10 in Amazon credit for every $10 spent at the store to celebrate the occasion last year.

Shoppers can also expect exclusive deals to drop before the actual event, like a marked down Toshiba Fire TV or this robotic vacuum cleaner. In the weeks leading up to the sale, Prime members can see "Deal of the Day" items with countdown clocks telling them when the deal will expire. Members have the option to watch deals for products they're interested in, and can sign up for a "daily deals email" from the website.

Currie Engel
NASA Image of the Day: Expedition 59 Space Station Crew Lands Safely in Kazakhstan
Expedition 59 Space Station Crew Lands Safely in Kazakhstan
The Soyuz MS-11 spacecraft is seen as it lands in a remote area near the town of Zhezkazgan, Kazakhstan with Expedition 59 crew members.

June 25, 2019
Crude oil inputs to Mexico’s petroleum refineries continued to decline in 2018
Crude oil inputs to Mexico's petroleum refineries continued to decline in 2018
Crude oil inputs to Mexico's petroleum refineries declined for the fifth consecutive year in 2018, falling to nearly 600,000 barrels per day (b/d), a 50% drop from 2013 levels. This decline in crude oil processing has coincided with a decrease in domestic production of the light crude oil that the country's refineries are better suited to process. Mexico has increasingly relied on imports of petroleum products from the United States to satisfy domestic demand.

read more
Slurpees Incoming! 7-Eleven Begins Delivery in Public Places

NEW YORK (AP) — Craving a Slurpee but lacking the motivation to get off a park bench?

No worries.

7-Eleven launched a delivery service Monday that will send a Slurpee or almost anything else carried by the chain to public places ranging from parks to beaches.

The company told The Associated Press that more than 2,000 7-Eleven "hot spots" including New York's Central Park and Venice Beach in Los Angeles will be activated Monday. Customers need to download 7-Eleven's 7NOW app and select "Show 7NOW Pins" to find a hot spot close by.

7-Eleven believes it will eventually be able to deliver to 200,000 hot spot locations, said Gurmeet Singh, the company's chief digital information and marketing officer.

Dominos launched a similar service last year, delivering pizzas and more to over 200,000 public locations.

7-Eleven had begun delivering to homes last year when it started getting delivery requests to places away from home where getting a bottle of water may be more tricky, Singh said.

"We've been on this journey to redefine convenience," said Singh. "This makes it easy for people to stay in the moment."

The jury is still out on how successful public delivery will be.

Jon Reily, vice president and global commerce strategy lead at Publicis Sapient, says he thinks Domino's pizza delivery hasn't created much of a buzz.

"It's a neat idea on paper, sort of Ubering pizza to your location, but I suspect that the logistics of the process is pretty complicated in the real world," Reily said.

The use of drones, however, might be a game changer, Reily said.

There's no minimum order required for a delivery from 7-Eleven. The chain charges a flat delivery fee of $3.99. And for orders under $15, customers pay an extra $1.99. For all orders, it promises average wait time of 30 minutes.

7-Eleven is partnering with Postmates for delivery to public areas.

ANNE D'INNOCENZIO / AP
Monday, June 24, 2019
NYT Technology: How E-Commerce Sites Manipulate You Into Buying Things You May Not Want
How E-Commerce Sites Manipulate You Into Buying Things You May Not Want
Research released this week finds that many online retailers use so-called dark patterns to influence what shoppers decide to purchase. Cracking down on the practice could be difficult.

more @ The New York Times
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Air Canada Is ‘Reviewing’ How a Sleeping Passenger Was Left on a Locked, Parked Plane

Air Canada said Sunday it's looking into how crew members could have disembarked from a plane without noticing a sleeping passenger who was left behind. The airline was responding to an incident involving a woman who described waking up "all alone" on a "cold dark" aircraft after a flight to Toronto earlier this month.

"I think I'm having a bad dream bc like seriously how is this happening!!?!" Tiffani Adams recounted in a June 19 Facebook post shared by her friend, Deanna Noel-Dale.

The airline confirmed the incident took place but declined to comment on its disembarking procedures or how the passenger may have been overlooked.

"We are still reviewing this matter so we have no additional details to share, but we have followed up with the customer and remain in contact with her," Air Canada told the Associated Press.

Adams wrote that after she woke up, she called Noel-Dale to try to explain what happened, but her phone died and she couldn't charge it because power to the plane was off. She said she was "full on panicking" by the time she found the "walky talky thingys in the cockpit," which also didn't work.

After no one saw the "sos signals" she made by shining a flashlight out the window, she unbolted a cabin door. Facing a steep drop to the tarmac, she leaned out of the aircraft and called over a ground crew, who got her out.

The passenger wrote that Air Canada personnel asked if she was OK and whether she would like a limo and hotel, but she declined the offer. She said airline representatives apologized and said they would investigate. "I haven't got much sleep since the reoccurring night terrors and waking up anxious and afraid I'm alone locked up someplace dark," she wrote.

The AP attempted to reach Adams through Noel-Dale's Facebook account but had not received a response by late Sunday morning.

Air Canada said in a Facebook response to the post that it was surprised to hear the story and "very concerned," asking Adams to send a private message with her flight details. "We'll take a look into it," the airline wrote.

NATALIE SCHACHAR / AP
NASA Image of the Day: Preparing for the Expedition 59 Space Station Crew Landing
Preparing for the Expedition 59 Space Station Crew Landing
NASA astronaut and Astronaut Office Representative Joe Acaba is seen along with other NASA, Canadian Space Agency and Roscosmos teams as they deploy from Karaganda for the Expedition 59 landing.

June 24, 2019
An Explosion in Philadelphia Could Make Your Fourth of July Road Trip a Lot More Expensive

A fire at the largest refinery on the U.S. East Coast sent gasoline prices soaring, threatening to raise pump prices from Delaware to Maine just as American drivers get set to head off on vacation.

Futures jumped 3.9%, the most in more than three months after an explosion and fire Friday at the Philadelphia Energy Solutions oil refinery. Pump prices are likely to rise as the surge filters down to retail stations, reversing a more than 20-cent drop from early May that took the nationwide average down to $2.67 a gallon.

A "very small fire" continued to burn Saturday and the company was seeking to isolate it, although it could burn out soon, according to a statement. Access at the site is limited by damage and instability of the structure, the company said.

The incident could shut in about 4.2 million gallons a day of supply, enough to meet about 2.7% of East Coast demand, according to Bloomberg estimates. To fill the gap, prices would have to increase high enough to attract more supply from Europe of other parts of the U.S.

"Any shortage ahead of the peak of the summer driving season does not bode well for U.S. consumer pocketbooks," Joe Brusuelas, chief economist at RSM US LLP, said on Twitter.

The complex made up of the Point Breeze and Girard Point plants, can process 335,000 barrels of crude a day. It sends fuel via pipeline and barge to New York and New England, and through pipelines to upstate New York and across Pennsylvania.

The blaze started after a leak in an alkylation unit, used to make high-octane gasoline, triggered explosions after which all the boilers stopped, causing a hard shutdown of the Girard Point section, according to people familiar with the plant's operations. The Point Breeze plant was already undergoing repairs to its 50,000 barrel-a-day fluid catalytic cracker following a fire in a pump earlier this month.

The fuel shortfall could be made up with inventory draws from the local region in the near term and from imports over the longer-term, according to Andy Lipow, president of Lipow Oil Associates in Houston.

Supplies on the Colonial pipeline destined for other markets could be diverted into Pennsylvania, while it takes about 11 days for a tanker to reach the East Coast from Northwest Europe, according to Lipow. But, he said, "there's certainly going to be price increases from an initial shortfall."

Cherice Corley, a PES spokeswoman, said in an emailed statement that all employees were accounted for. The Chemical Safety Board is deploying a four-person team to the site to investigate the fire.

The blast was so large and so hot that it was captured from space in satellite infrared images, the National Weather Service's Key West office wrote on Twitter.

There have been refining operations for 150 years at the site, which has passed through a series of owners, including Chevron Corp. and Sunoco before being consolidated into Philadelphia Energy Solutions, a partnership formed between The Carlyle Group and Energy Transfer's Sunoco. PES emerged from bankruptcy last year with $260 million of new financing, with the original partners holding smaller stakes.

In addition to boosting purchases of fuel from Europe, the incident could redirect crude back into the market. About 8 million barrels of foreign crude is en route to Philadelphia, according to shipping fixtures compiled by Bloomberg.

PES is "likely to reoffer at least some of the inbound crude cargoes it has purchased from West Africa and the North Sea if its operations are significantly reduced for a long period of time," Amrita Sen, chief oil analyst at Energy Aspects Ltd. in London, said in an email.

David Marino and Barbara Powell / Bloomberg
NYT Technology: DJI, Facing Security Concerns, Plans Some Drone Assembly in U.S.
DJI, Facing Security Concerns, Plans Some Drone Assembly in U.S.
The world's largest drone maker is the latest Chinese technology company scrambling to retain their ability to sell to the United States.

more @ The New York Times
Four states updated their renewable portfolio standards in the first half of 2019
Four states updated their renewable portfolio standards in the first half of 2019
As of the end of 2018, 29 states and the District of Columbia had renewable portfolio standards (RPS), or polices that require electricity suppliers to source a certain portion of their electricity from designated renewable resources or eligible technologies. Four states—New Mexico, Washington, Nevada, and Maryland—and the District of Columbia have updated their RPS since the start of 2019.

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Sunday, June 23, 2019
NYT Technology: A.I. May Not Take Your Job, but It Could Become Your Boss
A.I. May Not Take Your Job, but It Could Become Your Boss
The goal of automation has always been efficiency. What if artificial intelligence sees humanity itself as the thing to be optimized?

more @ The New York Times
NYT Technology: What Happens After Amazon’s Domination Is Complete? Its Bookstore Offers Clues
What Happens After Amazon's Domination Is Complete? Its Bookstore Offers Clues
Popular novels, technical tomes and self-published books are pirated and sold on Amazon. That may actually be helping the company extend its grip on the book business.

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NYT Technology: 5 Lessons From Microsoft’s Antitrust Woes, by People Who Lived It
5 Lessons From Microsoft's Antitrust Woes, by People Who Lived It
The Microsoft case from the 1990s provides a road map for today's tech giants and regulators.

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NASA Image of the Day: 'Green' Alternative Fuel Set for First In-Space Test
'Green' Alternative Fuel Set for First In-Space Test
Satellites love hydrazine – a type of space propellant – but it's toxic to people and extremely difficult to handle. A non-toxic alternative will be put to the test with NASA's Green Propellant Infusion Mission (GPIM), set to launch on a SpaceX Falcon Heavy rocket.

June 23, 2019
Saturday, June 22, 2019
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Friday, June 21, 2019
Toys ‘R’ Us, Back From the Dead, Will Reportedly Open U.S. Stores Just in Time for the Holidays

(Bloomberg) — Maybe American kids will only have to live through one Christmas without Toys 'R' Us.

About a year after shuttering U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site, according to people familiar with the matter.

Richard Barry, a former Toys 'R' Us executive who is now CEO of new entity Tru Kids Inc., has been pitching his vision to reincarnate the chain to toymakers, including at an industry conference this week, said the people, who asked not to be identified because the plans aren't public.

The stores are slated to be about 10,000-square feet, roughly a third of the size of the brand's big-box outlets that closed last year, the people said. The locations will also have more experiences, like play areas. The startup costs could be minimized with a consignment inventory model in which toymakers ship goods but don't get paid until consumers buy them, some of the people said.

A spokeswoman for Tru Kids said the company wasn't ready to publicly share details on its U.S. strategy.

It remains to be seen how much of a boost the retailer's comeback will provide the toy industry, including giants such as Hasbro Inc. and Mattel Inc. The original Toys 'R' Us, the only national toy chain, left a huge hole when it went under. It had been generating about $7 billion in sales a year in the U.S. through more than 700 locations, including the Babies 'R' Us brand.

Walmart Inc., Target Corp. and Amazon.com Inc. have swooped in to fill the void. They have all expanded toy assortments and marketing, including a printed toy catalog from Amazon. Other non-traditional chains jumped into the category, including grocery stores and Party City Holdco Inc.

There is also a question of how many toymakers will do business with the new Toys 'R' Us after many lost money when the former company announced liquidation in March 2018, just months after filing for bankruptcy.

MGA Entertainment Inc., one of the best-performing toymakers in the world, is already on board to sell at the re-imagined Toys 'R' Us shops, said Chief Executive Officer Isaac Larian, who said he has been pitched the plan. His company's properties include Little Tikes, L.O.L. Surprise! and Bratz dolls. "This market needs a self-standing toy store, that's for sure," Larian said in an interview. "We will sell them inventory."

During the chain's bankruptcy, lenders led by Solus Alternative Asset Management and Angelo Gordon took control of the company's assets. After results didn't improve, they opted to shutter operations in the U.S. Units in Australia and other regions also closed, with divisions in Asia and Canada acquired by new owners.

This group tried to sell the intellectual property, but opted to keep it to garner a better return. As owners of the intellectual property, they have been collecting licensing and other fees from the units still operating and selling them private-label goods. The lenders then formed Tru Kids with the goal of reviving the brand in the U.S. and other regions it exited. It has since hired several industry veterans and signed a deal to bring Toys 'R' Us and Babies 'R' Us back to Australia through a partner.

Matt Townsend and Joe Deaux / Bloomberg
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NYT Technology: Computer Science Research Gender Gap Won’t Close for 100 Years
Computer Science Research Gender Gap Won't Close for 100 Years
Women and men are forecast to produce a similar volume of medical research by 2048, according to a new study. In computer science, that won't happen until 2137.

more @ The New York Times
NASA Image of the Day: Milestone Achieved as X-57 Mod II Takes Shape
Milestone Achieved as X-57 Mod II Takes Shape
The electric motors for X-57's Mod II vehicle and their propellers were powered up and spun together for the first time as part of an integrated spin test.

June 20, 2019
NYT Technology: The Week in Tech: Facebook’s Crypto Dream Faces Deep Mistrust
The Week in Tech: Facebook's Crypto Dream Faces Deep Mistrust
The social network has ambitious plans to create a universal currency for the internet. Its reputation could get in the way.

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Energy products are key inputs to global chemicals industry
Energy products are key inputs to global chemicals industry
The industrial sector of the worldwide economy consumed more than half (55%) of all delivered energy in 2018, according to the International Energy Agency. Within the industrial sector, the chemicals industry is one of the largest energy users, accounting for 12% of global industrial energy use. Energy—whether purchased or produced onsite at plants—is very important to the chemicals industry, and it links the chemical industry to many parts of the energy supply chain including utilities, mines, and other energy product manufacturers.

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Thursday, June 20, 2019
Apple Is Recalling Some MacBook Pro Models Because of Overheating Batteries

Apple on Thursday recalled some MacBook Pro laptops sold between September 2015 and February 2017 due to a "battery that may overheat and pose a safety risk."

The Cupertino, California-based technology giant said in a statement that it is asking customers to stop using the computers. The problem affects the 15-inch version of the older MacBook Pro. The company said it will replace the batteries in these models at no charge.

"Apple has determined that, in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk," the company wrote.

The recall notice marks the second from the company this year. In April, Apple recalled some wall plug adapters for international use that could create a risk of electrical shock. Over the past several years, Apple also announced less critical replacement programs, such as for batteries and storage drives in the 13-inch MacBook Pro.

However, this battery recall marks the second significant issue with Apple laptops this year. Last month, after years of complaints from consumers, the company confirmed that some of its newer laptops have problems with the keyboard and offered a free service program to impacted customers.

Mark Gurman / Bloomberg
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NYT Technology: Slack Stock Soars as Messaging Company Goes Public
Slack Stock Soars as Messaging Company Goes Public
The workplace messaging company's shares rose in early trading on the stock market on Thursday, following last month's rocky initial public offering for Uber.

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NYT Technology: Slack Stock Soars as Messaging Company Goes Public
Slack Stock Soars as Messaging Company Goes Public
The workplace messaging company's shares rose in early trading on the stock market on Thursday, following last month's rocky initial public offering for Uber.

more @ The New York Times
NASA Image of the Day: RockOn! and RockSat-C: Launching Student Experiments to Space
RockOn! and RockSat-C: Launching Student Experiments to Space
At 5:30 a.m. EDT Thursday, June 20, 2019, a 40-foot tall rocket carrying 28 student experiments (measuring acceleration, humidity, pressure, temperature and radiation counts) launched from Wallops Flight Facility.

June 20, 2019
‘Sully’ Sullenberger Tells Congress Deadly Boeing 737 Max Crashes ‘Should Never Have Happened’

Retired airline captain Chesley "Sully" Sullenberger, the pilot best known for safely landing a disabled plane on the Hudson River in 2009, told Congress on Wednesday that a pair of recent Boeing 737 Max jetliner crashes "should never have happened"—and possibly could have been avoided with better safety processes and pilot training.

"These crashes are demonstrable evidence that our current system of aircraft design and certification has failed us," Sullenberger said during a U.S. House of Representatives Committee on Transportation and Infrastructure hearing. "These accidents should never have happened."

The two Boeing 737 Max crashes—one in Indonesia last October and one in Ethiopia in March—appear to be related to an automated system that causes the plane's nose to point down if it senses the aircraft's pitch is dangerously high, according to investigators. Some pilots had reportedly not received adequate training and information about the system before its implementation, and both crashes appeared to stem from pilots losing control after faulty sensor readings triggered the system.

Boeing has since issued a software update for the system. Its CEO admitted that the company was "not consistent" in its communications with regulators and the public, "and that's unacceptable."

The incidents prompted countries around the world to ground the 737 Max, and sparked government investigations into the approval and rollout of the aircraft. Some observers have said that the relationship between planemakers like Boeing and the officials who certify their aircraft has become dangerously close.

During the hearing Wednesday, Sullenberger warned that similar crashes could occur if corrective action is not taken. "These two recent crashes happened in foreign countries, but if we do not address all the issues and important factors, they can, and will, happen here," he said.

Sullenberger also called for more hands-on pilot training and simulator time to help prevent accidents. "Reading about it on an iPad is not even close to sufficient," he said. "Pilots must experience it physically, firsthand."

Daniel Carey, president of the union that represents American Airlines pilots, joined Sullenberger in demanding better safety protocols moving forward. "Improvements in aviation are often — too often — written in the blood of the unfortunate victims of these airplane accidents," Carey said.

Jamie Ducharme
Cracker Barrel Tells Pastor His Church Is Not Welcome After Sermon Calling for Execution of Gay People

A Cracker Barrel restaurant in Tennessee turned away a pastor who preached anti-LGBT sermons, including that gay people should be executed by the government.

Grayson Fritts, a Tennessee pastor who is also a detective at the Knox County, Tennessee Sheriff's Office, was planning a meeting with his church group at the Cracker Barrel in Cleveland, Tenn. on June 29. When the chain found out, Cracker Barrel refused to host them, citing the restaurant's "zero tolerance policy for discriminatory treatment or harassment of any sort."

"We disagree strongly with their statements of hate and divisiveness," the restaurant said in a statement. "We serve everyone who walks through our doors with genuine hospitality, not hate, and require all guests to do the same."

Fritts, a pastor at All Scripture Baptist Church, made headlines earlier this month when he posted in a sermon sermons online in which he said that people who are lesbian, gay, bisexual or transgender were "freaks" and "worthy of death." He also called for the government to send a riot team to a Pride parade scheduled for June 22 in Knoxville.

He added that the government, including the sheriff's office where he works, should arrest, try, convict and execute gay people, according to the Knoxville News Sentinel.

His comments have prompted prosecutors to review cases he has worked on at the Knox County Sheriff's Office.

Mary Mancini, chairwoman of the Tennessee Democratic Party, shared a letter she sent to Cracker Barrel CEO Sandra Cochran on June 18 regarding Fritts' planned event at the restaurant. Mancini said hosting a group like Fritts' would be "in direct conflict" with the company's inclusivity and diversity pledge.

Cracker Barrel is a popular Southern-style chain restaurant known for its hearty food and popular among travelers, who make 40% of the business. It serves approximately 217 million guests a year.

Julia Webster
Slack Is Heading to the Stock Exchange With an Unusual — and Risky — Strategy

As 2019's bumper crop of initial public offerings either languishes or wildly exceeds expectations, Slack Technologies Inc. is taking a route to the trading floor that it hopes will yield a much more boring outcome.

Following in the footsteps of music-streaming service Spotify Technology SA last year, the workplace messaging application is set to start trading on the New York Stock Exchange Thursday via a direct listing. It's just the second large company to test the unusual method and will be closely watched by other potential candidates to see how successfully the company and its advisers pull it off.

Investors got their first hint of how things are going when Slack's reference price was set at $26 per share on Wednesday. Unlike the offering price paid by investors in a traditional IPO, the reference price doesn't establish the valuation, though it's partly based on recent trading in private markets. Its main purpose is to provide a starting point to allow trading to begin under New York Stock Exchange rules.

Slack gained its first buy rating on Thursday, ahead of its debut, as Atlantic Equities said the adoption of the company's messaging technology within businesses is proving as viral as WhatsApp has been for consumers.

With IPO heavyweight advisers from Goldman Sachs Group Inc., Morgan Stanley and Allen & Co. helping to steer Slack through its listing alongside market maker Citadel Securities, all eyes will be on how the first day of trading plays out. But the company and its investors aren't looking for a meaningful stock pop — and want to avoid the volatility — that often accompanies high-profile share sales, according to a person familiar with the process.

On Wednesday, Slack said that its investors had converted additional Class B stock to Class A shares, increasing the number that could be sold to 194 million from 181 million, out of a total of 504.4 million. Especially because there's no lock-up period, there's a risk of too few investors wanting to buy or too many wanting to sell.

"A direct listing can be considered risky for a variety of reasons," Alejandro Ortiz, an analyst at SharesPost, said in a note. "There is an increased chance of substantially more supply than demand for Slack's shares. All of this could result in heightened volatility in the early hours and days of trading."

Reference Price

Fifteen months after its own direct listing, Spotify trades about 12% above its reference price of $132, at about $148 a share on Wednesday. That's well below where the stock opened on its first day of trading in April 2018, though, at $165.90 apiece.

On Thursday, much of the attention at the exchange will be focused on one man. Pete Giacchi, a longtime market maker at the NYSE for Citadel Securities, will be tasked with opening the stock –- just as he was for Uber Technologies Inc.'s listing in May, people with knowledge of the matter said. It could be a long wait: Spotify's shares took more than three hours to start trading, and it will take a while to make sure that the pricing and trading volumes coming in are at levels that Slack and its advisers are comfortable with.

Supply, Demand

Morgan Stanley, as the named adviser to the designated market maker, will be constantly trying to get a sense of supply and demand for the shares to advise on that opening price. The bank's team includes global head of technology capital markets, Colin Stewart, as well as David Chen, who leads software banking. John Paci, the co-head of U.S. equities trading, will help advise the designated market maker on where the stock should open based on buying and selling interest gleaned from investors, according to people familiar with the details.

At Goldman Sachs, the work will be led by Nick Giovanni, co-head of the global technology, media and telecommunications group, equity capital markets head David Ludwig and Will Connolly, co-head of the West Coast financing group and head of technology ECM.

One thing Slack's listing will have in common with an IPO: executives including Chief Executive Officer Stewart Butterfield and finance chief Allen Shim are expected to be pacing the floor of the NYSE for the open. They may not stick around all day, though. They will likely spend some time at the offices of their advisers before celebrating with employees and customers, according to a person with knowledge of the matter.

Representatives for Slack, Goldman Sachs, Morgan Stanley and Citadel Securities declined to comment.

Private Funds

Slack's decision to bypass a traditional IPO — and the opportunity it brings to raise funds — is yet another sign of how benevolent private markets have been to tech startups in recent years. Slack's earliest major investor, venture capital firm Accel, has directed a fire hose of money at the messaging company over the years, investing from several of its funds to accumulate a 23.8% stake.

In addition to Accel, Slack captured the imagination of elite investors such as Andreessen Horowitz and Social Capital. But it was SoftBank Group Corp.'s behemoth Vision Fund, which also owns stakes in Uber and WeWork Cos., that accelerated Slack's fundraising when it led a $250 million investment in 2017.

One of the main reasons that Slack has remained well capitalized, however, is that it burns through less cash than some of SoftBank's other investments. Uber, for instance, accumulated more than $10 billion in operating losses in three years. While Slack expects higher-than-usual losses in the second quarter, that still amounts to only about $75 million to $77 million for the three months, even including expenses related to the listing.

Growth vs. Profitability

The high demand for IPOs by the likes of money-losing companies including Uber, Lyft Inc. and Beyond Meat Inc. proves that investors remain focused on growth prospects over profitability –- in the short term at least.

With Uber leading the pack with its $8.1 billion offering, 79 companies have raised $28.88 billion in U.S. IPOs this year, according to data compiled by Bloomberg. That includes five other listings topping $1 billion, including the $2.34 billion IPO by Uber's ride-hailing rival Lyft.

With no lock-up period for a direct listing, Slack investors could be jittery about any updates from the company, perceived competitive threats or other risks.

Tiny Speck

In its filings, Slack has warned investors that it's a relatively new business, launching only in 2014 after existing for several years as a gaming company called Tiny Speck. Its rocket-ship ascent has attracted plenty of investors, but gives new potential shareholders only a limited trajectory to study.

Another challenge for Slack is one that fellow mega startups like Uber have grappled with, namely whether they can move beyond the core offering that their early years of success were built on. While Slack has improved its product so that it can serve larger companies, many customers still consider it an easy-to-use, aesthetically pleasing workplace messaging platform, despite speculation that it could evolve into a catch-all portal for business applications.

One thing that could make Slack's debut more unpredictable than Spotify's is its investor base. Because the company's ownership is more concentrated among fewer, larger shareholders, it could be more difficult to gauge the supply of shares that are likely to be traded, one person with knowledge of the process said. Both buyers and sellers may also hang back on day one to see how trading goes before getting involved: Just 30 million of Spotify shares changed hands in its trading debut, less than a third of the total available.

Bloomberg / Eric Newcomer, Sonali Basak and Ellen Huet
Airbus Vows to Fight Boeing for a Massive Jet Order That Could Mark the 737 Max’s Turnaround

Airbus vowed to contend for a mammoth narrow-body order that its chief rival Boeing announced in stunning fashion at the Paris Air Show.

Speaking at a final press conference from Le Bourget airfield outside of Paris on Thursday, Airbus sales chief Christian Scherer said the European planemaker never received a request for proposals — a document that formally launches most major aircraft contracts — from British Airways owner IAG SA.

The secret negotiations resulted in the surprise of the show: a letter of intent from IAG — currently an Airbus-only narrow-body customer — to purchase 200 of Boeing's grounded 737 Max aircraft.

The shocker, announced midway through this week's exhibition, helped Boeing turn around a gloomy mood in Paris and instill confidence in the 737 Max, which has been grounded since March after two fatal crashes.

Airbus Chief Executive Officer Guillaume Faury said he would be very happy to fight for the deal before it develops into a final contract.

The Boeing agreement was outlined as a letter of intent, meaning that negotiations over the details will need to be firmed in coming months.

In many ways, the U.S. planemaker couldn't have found a better buyer than IAG to endorse the Max, whose future has been clouded as regulators demand fixes to make the plane safer. IAG is a savvy aircraft buyer and is led by a former 737 pilot, CEO Willie Walsh.

Bloomberg / Benjamin Katz and Christopher Jasper
The Strait of Hormuz is the world's most important oil transit chokepoint
The Strait of Hormuz is the world's most important oil transit chokepoint
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The Strait of Hormuz is the world's most important oil chokepoint because of the large volumes of oil that flow through the strait. In 2018, its daily oil flow averaged 21 million barrels per day (b/d), or the equivalent of about 21% of global petroleum liquids consumption.

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NYT Technology: To Take Down Big Tech, They First Need to Reinvent the Law
To Take Down Big Tech, They First Need to Reinvent the Law
For decades, antitrust has focused on the welfare of the consumer. Now a backlash over Big Tech's power has regulators and scholars trying to reverse years of established doctrine.

more @ The New York Times
Wednesday, June 19, 2019
NYT Technology: F.T.C. Said to Be Investigating YouTube Over Child Privacy Claims
F.T.C. Said to Be Investigating YouTube Over Child Privacy Claims
The video service has been under increasing pressure from parents and consumer groups for the way it handles children's videos.

more @ The New York Times
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NASA Image of the Day: A Look Inside the X-59 QueSST Cockpit
A Look Inside the X-59 QueSST Cockpit
The pilot of NASA's X-59 Quiet SuperSonic Technology, or QueSST, aircraft will navigate the skies in a cockpit unlike any other.

June 19, 2019
NYT Technology: Browsing LinkedIn and Instagram to Put Herself in Readers’ Shoes
Browsing LinkedIn and Instagram to Put Herself in Readers' Shoes
People consume news in many ways, which is why Anna Dubenko's job — editor of off-platform strategy — takes her to platforms where others go for a break from theirs.

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More new natural gas combined-cycle power plants are using advanced designs
More new natural gas combined-cycle power plants are using advanced designs
Lower natural gas prices in recent years have spurred the construction of new natural gas-fired power plants in the United States. Of the new U.S. natural gas capacity added since 2016, 31% use advanced natural gas-fired combined-cycle (ANGCC) units. Greater use of the new, larger ANGCC designs has led to efficiency gains and economies of scale, which have resulted in reduced capital construction costs. These lower costs are likely to substantially increase ANGCC's share of new U.S. natural gas capacity additions in future years.

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Canada Reapproves Contentious Trans Mountain Pipeline Expansion

(TORONTO) — Canadian Prime Minister Justin Trudeau has once again approved the contentious Trans Mountain pipeline expansion that would nearly triple the flow of oil from the Alberta oil sands to the Pacific Coast.

The approval Tuesday comes 10 months after the Federal Court of Appeal halted the project and ordered Canada's National Energy Board to redo its review of the pipeline, saying the original study was flawed and lacked adequate consultations with First Nations peoples.

Trudeau's government first approved it in 2016, and he was so determined to see it built the government bought the pipeline.

The pipeline expansion would triple the capacity of an existing line to ship oil extracted from the oil sands in Alberta across the snow-capped peaks of the Canadian Rockies. It would end at a terminal outside Vancouver, resulting in a seven-fold increase in the number of tankers in the shared waters between Canada and Washington state.

It is projected to lead to a tanker traffic balloon from about 60 to more than 400 vessels annually as the pipeline flow increases from 300,000 to 890,000 barrels per day.

Trudeau said he expects shovels in the ground this summer, but it faces stiff environmental opposition from the British Columbia government and from activists.

The pipeline would allow Canada to diversify oil markets and vastly increase exports to Asia, where it could command a higher price. Canada has the world's third largest oil reserves, but 99 percent of its exports now go to refiners in the U.S., where limits on pipeline and refinery capacity mean Canadian oil sells at a discount.

"It's really simple. Right now, we basically have one customer for our energy resources, the United States. As we've seen over the past few years anything can happen with our neighbors to the south," Trudeau said.

Trudeau said every dollar Canada earns from the project will be invested in clean energy. The court said the government needed to be better, Trudeau noted. "And you know what?" he said. "They were right."

His government ordered the National Energy Board to look at marine shipping impacts; and there was another round of consultations with Indigenous communities affected by the project.

The decision is a blow for indigenous leaders and environmentalists, who have pledged to do whatever necessary to thwart the pipeline, including chaining themselves to construction equipment

Washington state Gov. Jay Inslee called the Canadian government's decision "alarming and deeply disturbing," and said he stands with the Premier of British Columbia in opposing it.

"The costs to our environment and communities are simply too high. This pipeline, if built, will impose significant negative impacts on our coastal communities, increase the risk of oil spills in our shared waters and double down on carbon-intensive fossil fuels at a time when world leaders need to double down on clean energy," Inslee said in a statement. "But this expansion is not inevitable."

Many indigenous people see the 620 miles (1,000 kilometers) of new pipeline as a threat to their lands, echoing concerns raised by Native Americans about the Keystone XL project in the U.S. Many in Canada say it also raises broader environmental concerns by enabling increased development of the carbon-heavy oil sands.

New Alberta conservative Premier Jason Kenney said his government appreciates the second federal cabinet approval of the project.

"We need to get a fair price for our country's energy to create good jobs & pay for public services," Kenney tweeted. "Approval is not construction. So now let's get it built!"

Analysts have said China is eager to get access to Canada's oil, but largely gave up hope a pipeline to the Pacific Coast would be built.

Rob Gillies / AP
Tuesday, June 18, 2019
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NYT Technology: Google Pledges $1 Billion to Ease Bay Area Housing Crisis
Google Pledges $1 Billion to Ease Bay Area Housing Crisis
Google is the latest technology company to address the housing problems caused by the tech industry's success.

more @ The New York Times
NASA Image of the Day: Countdown to Apollo 11
Countdown to Apollo 11
Command Module pilot Michael Collins practices in the CM simulator on June 19, 1969, at Kennedy Space Center.

June 18, 2019
This Airline Just Ordered 200 of Boeing’s Troubled 737 Max Jets — Even Though They’re Still Grounded

Boeing announced its first deal for 737 Max jets since a March grounding that followed two deadly crashes, landing a $24 billion agreement with British Airways owner IAG SA.

The airline group signed a letter of intent for 200 of the single-aisle planes, Boeing said in a statement Tuesday. IAG, led by a former 737 pilot, would take delivery of the planes between 2023 and 2027 assuming the deal is formalized.

The deal hands Boeing a much-needed lifeline as it struggles to get the Max back in the air amid a grounding that recently entered its fourth month. The crashes in October and March were caused when a software system received erroneous readings from a sensor, repeatedly forcing the nose of the planes down until pilots lost control.

"I wouldn't ask anybody to do something I wouldn't do myself," IAG Chief Executive Officer Willie Walsh, who flew 737 jets for about 18 years, told reporters at the Paris Air Show. "If you ask me, I would get on board a Max tomorrow."

Boeing climbed 3.5 percent to $367.21 at 11:28 a.m. in New York, extending gains after announcing the Max deal.

'Honored and Humbled'

With the Max deal, Boeing has upended what looked to be a cake walk for Airbus at this year's Paris trade fair. As of Tuesday afternoon in Paris, Boeing had pulled ahead of its European rival with a total of $31.8 billion over two days, with Airbus about $150 million behind. The amounts are based on list prices, before customary discounts.

"We are truly honored and humbled by the leadership at International Airlines Group for placing their trust and confidence in the 737 Max and, ultimately, in the people of Boeing and our deep commitment to quality and safety above all else," Kevin McAllister, president if Boeing's jetliner unit, said in the statement.

Walsh said he flew the Max in a simulator, including a version with a software update Boeing is preparing for the Maneuvering Characteristics Augmentation System, which was implicated in the crashes.

"It was very helpful to see it in operation and understand the changes Boeing were proposing," Walsh said. "It gave me confidence."

Julie Johnsson and Benjamin Katz / Bloomberg
NERC report highlights potential summer electricity issues for Texas and California
NERC report highlights potential summer electricity issues for Texas and California
The North American Electric Reliability Corporation's (NERC) recent 2019 Summer Reliability Assessment finds that enough resources are available to meet this summer's projected peak electricity demand in all areas of the country except the Electric Reliability Council of Texas (ERCOT). ERCOT typically has one of the lowest anticipated reserve margins in the country, meaning it may have relatively little unused electric generating capacity during times of peak electric load. NERC's assessment also highlighted potential ramping issues associated with the growth in solar generation that may affect the California Independent System Operator (CAISO).

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NYT Technology: How Libra Would Work for You
How Libra Would Work for You
We break down the new Facebook-backed cryptocurrency and what the company hopes you will be able to do with it, even though it hasn't quite arrived.

more @ The New York Times
NYT Technology: Facebook Plans Global Financial System Based on Cryptocurrency
Facebook Plans Global Financial System Based on Cryptocurrency
Despite skepticism and concern about Facebook's reach, the company envisions an alternative financial system based on a new cryptocurrency called Libra.

more @ The New York Times
Monday, June 17, 2019
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NASA Image of the Day: Storm Rages in Cosmic Teacup
Storm Rages in Cosmic Teacup
Samples of spacesuit material will be flown on the Mars 2020 mission to study show they might degrade in the Martian environment.

June 17, 2019
Big Money Is Pouring Into Podcasting. Some Podcasters Love It — But Others Are Freaked Out

If there's one thing Kid Fury wants you to know, it's this: anyone can start a podcast. After all, he barely knew what they were when he got started, and now his show has millions of fans. "I kind of knew what podcasts were from spending enough time on the internet for years," says Fury, who co-hosts the pop culture phenomenon The Read with writer Crissle West. "I actually don't listen to podcasts very often." A YouTube personality-turned-TV producer, Fury's path from blogging in Miami to podcasting to making shows for HBO and Fuse in New York is the stuff of motivational speeches. That The Read is now the inspiration for one of Kid Fury's shows is evidence of a larger trend: Big Podcast is here, and it's changing the industry forever.

Podcasting, once a low-budget affair done mostly by hobbyists for whom financial gain was rarely the goal, is now attracting big money. Gimlet, the podcast studio behind popular shows like Reply All, Mystery Show, and Homecoming, was acquired by Spotify in February — along with Anchor, an app that lets you listen to and produce your own podcast — for a combined $340 million. "The format is really evolving and while podcasting is still a relatively small business today, I see incredible growth potential for the space and for Spotify in particular," said Spotify CEO Daniel Ek in a blog post announcing the deal. Last September, radio giant iHeartMedia spent a reported $55 million in September to acquire podcast network Stuff Media, home to podcasts like Stuff You Should Know and Omnibus. Well-known celebrities like Anna Faris, Will Ferrell, and Trevor Noah are getting in on the action with shows of their own, too. In 2018, the podcast industry overall generated an estimated $479 million in advertising revenue, according to an International Advertisers Bureau report. By 2021, it's expected to generate over a billion.

Longtime podcasters have mixed feelings about all the recent money and attention pouring into the business.

"Certainly it's harder to get attention in the podcast world for a podcast than it was 10 years ago," says Jesse Thorn, creator and owner of the Maximum Fun podcast network, home to shows like Judge John Hodgman and Friendly Fire. Part of the problem, he says, is that as already well-known names get into the business, it could suck attention away from upstarts. Meanwhile, podcasting apps have only so much room for recommendations, which is how new podcast listeners tend to find their first shows. "There might only be eight slots on the front page, that's mostly where people are going to click — or for that matter on a car dashboard, where there's almost no space," says Thorn. "There is the potential for it to be hard to get independent podcasts to the marketplace, and especially to get independent podcasts to the marketplace in a way that is fairly monetized."

But Thorn has also benefited mightily from all the attention being paid to podcasts recently. "While it's tough for indies, I think that for the most part, the rising tide raises all boats," he says. "But hey, maybe this is just what I tell myself so I don't cry myself to sleep at night, trying to figure out what I'm supposed to do to compete with people who have a quarter of a billion dollars."

Other podcasters worry that, as show creators seek advertising revenue from big brands, they'll be less willing to take creative risks for fear of alienating a potential sponsor, eventually leaving listeners disappointed. "It just seems so tacky and cheap," says Jonathan Larroquette of Uhh Yeah Dude, a podcast the musician co-hosts with actor Seth Romatelli, of advertising on the medium. "There's no place that someone hasn't tried to wedge themselves between the sender and the receiver in order to try to capitalize on that process." In lieu of ads, Larroquette and Romatelli ask listeners to contribute to the show on Patreon, a crowdfunding site that's popular with digital creatives. (They experimented with ads for a handful of episodes in the past.)

Larroquette and Romatelli are also wary of podcast hosts who they accuse of exploiting the medium as a way to expand to other — and often more lucrative — ventures. "Everyone is utilizing the platform as a means of getting somewhere else," says Larroquette. "And I think that taints the medium, because it's being manipulated as a sort of springboard or extension of something else." Gimlet's podcast Homecoming, for example, has been turned into a well-received Amazon series starring Julia Roberts.

But others don't blame podcasters for seeking other opportunities, as artists across media have done to finance their work and advance their careers. "People write young adult books just because they hope that it'll turn into some blockbuster film," says Kid Fury. "People will write plays hoping they become a movie. That's just a thing." To him, what makes a podcast good, whether it eventually makes it to TV or not, is integrity, an important value for both him and his co-host. "It's always about integrity, it's always about being true to ourselves, and giving the people who supported us something I think they would enjoy, something that we can be proud of."

Meanwhile, some old-school podcasters have embraced the boom as a business opportunity beyond making shows. Dan Benjamin, a computer programmer, founded the podcast network 5by5 in 2009 after deciding to launch his own podcast — Hivelogic — in 2006. "Long story short, what originally started as me just wanting to do a few shows grew into a small business," he says. Along the way, he built a custom content management system for the 30-plus shows on the network, working on issues like advertising, hosting and distribution so 5by5's hosts could focus on making killer shows. Eventually, he spun off two separate companies from his core business: Archer Avenue, which handles podcast ad sales, and Fireside, which manages podcast distribution, analytics, hosting and more. "I thought, 'who better to do something like this than somebody who's been podcasting since 2006?'"

Benjamin says it's clear from listening to his customers that, as big money and big names flow into the industry, upstart podcasters are increasingly desperate to find an audience and get a slice of the pie for themselves. "We're almost reaching like a desperation point of like, 'How do I promote my show? How do I get it out there?," he says. For the newcomers to the business, Kid Fury has some refreshingly optimistic advice: "Give it a shot," he says. "It doesn't matter how saturated the field is right now, you could be exactly what we need, because there's a whole lot of the same. Maybe you or your best friend or your auntie or your grandma can fill the void."

Patrick Lucas Austin
Mastercard Will Allow Transgender and Non-Binary Customers to Use Their Chosen Name on Cards

(Bloomberg) — Mastercard Inc. will allow transgender customers to use their chosen names on credit and debit cards.

The company is working with its banking partners to introduce True Name cards that will let customers use the name they want without requiring a legal name change, a process that should help transgender and non-binary cardholders in particular, the company said Monday in a statement. The network has already started talking to banks to help them implement the cards, said Raj Seshadri, president of U.S. issuers at Mastercard.

"What we're introducing is a card that represents an individual as who they truly are," Seshadri said in an interview. "This is something that should be accessible to everyone in the way they want it and there shouldn't be any pain in that."

Nearly a third of individuals who have shown forms of identification with names or genders that don't match their presentation have reported having negative experiences, including harassment, Mastercard said. The company's network doesn't require merchants to validate the cardholder's name, and the name on the card doesn't aid a transaction's security, Seshadri said.

"Mastercard listened to transgender and non-binary consumers' need for privacy and authenticity and created a powerful tool to make their lives better," Zeke Stokes, chief programs officer at LGBTQ advocacy group GLAAD, said in a separate statement. "Other businesses should follow suit by working with members of the LGBTQ community to create financial products that reflect true identities."

Jenny Surane and Elizabeth Rembert / Bloomberg