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Alibaba’s humble beginnings
We hope your Wednesday ended on as high of a note as Kobe’s. And for today, here are some need-to-know numbers to send you off on another high note.
The fourth part of series “Stranded — Puerto Rico in Debt” takes a look at the town of Carolina, a place that’s east of the commonwealth’s capital and home to baseball Hall of Famer Roberto Clemente. There, many of the residents are concerned about their kids’ futures. Ivan Andujar, a 28-year-old who has a family on the island, says he thinks about going back to the mainland at times. “The number one, the main reason I would leave Puerto Rico is education for my kids,” Ivan said. Others, like his wife Karen, are sick of all the talk about the island defaulting on loans. Puerto Rico has been in a debt crisis for 10 years, and Karen hopes that conversation will end by the time her children are old enough to know what’s going on, wrote Marketplace’s Andy Uhler.
Family played a role in the rise of Alibaba, an e-commerce juggernaut headed by Jack Ma. Jack Ma’s wife was one of the company’s 18 co-founders, said Duncan Clark, the author of the new book “Alibaba: The House that Jack Ma Built” and one of Ma’s right hands. Clark stopped by to chat with us about the company’s humble beginnings. “It was Jack’s third company. The most interesting thing about success is not success, it’s failure, to be honest, and he’d failed twice before,” Clark said.
Electronic medical records are failing to live up to their promise of improving patient care, according to a new study. The Journal of the American Medical Informatics Association found that information for nearly half of patient face-to-face contact with health care providers was missing from their electronic records. The U.S. government may want its money back for the $30 billion it’s invested in these records, wrote Marketplace’s Dan Gorenstein.
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