Latest from Kelly Silvera

• Apr 11, 2023

  The White House takes a first step toward AI regulation

  

  The Biden administration announced late yesterday that it wants to study what rules may need to be implemented to make sure so-called generative AI doesn’t threaten society. We look at what the government has said thus far and how it could move forward on potential AI regulation. Plus, Alibaba, the Chinese e-commerce giant, has released its own rival to Microsoft’s ChatGPT and Google’s Bard AI chatbots. And, how some museums in the UK, including the famous British Museum, are dealing with requests from other countries to return artifacts that they claim were taken under duress or stolen. 

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• Apr 11, 2023

  Tupperware’s troubles reveal problems with direct-selling models

  

  Tupperware’s stock tumbled yesterday after the company revealed it would need an infusion of investment money to keep afloat. We look at what the saga reveals about so-called “Tupperware parties” and the broader direct-selling model that some brands rely on. Plus, as the tax deadline rapidly approaches, an analysis of how immigrant workers and their families form a crucial revenue stream for all levels of government. And, how the recent spate of labor organizing has led to more workers filing complaints against their bosses — and how an understaffed NLRB is responding. 

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• Apr 11, 2023

  Hopes in Britain for a trade breakthrough as Biden visits Northern Ireland

  

  From the BBC World Service: President Biden is set to begin his visit to Northern Ireland, marking the 25th anniversary of the Good Friday Agreement. We look at the American leader’s visit and what it could mean for trade. Plus, it’s the first day of a doctors’ strike in the UK as junior doctors demand a 35% pay increase. And, how the cost of living crisis has put the squeeze on Ramadan celebrations in Tanzania.

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• Apr 10, 2023

  How new regulations could help EVs take over the roads by 2032

  

  The Environmental Protection Agency is reportedly set to adopt new rules on vehicle emissions that could significantly boost the number of electric vehicles on the roads in less than a decade. We look into what happens going forward, and how the standards may affect what cars are on America’s roads by 2032. Plus, economist Julia Coronado walks us through the economic week and how inflation is continuing to remain “sticky.” And, the BBC reports on the economic and business legacy of the Good Friday Agreement that ended The Troubles in Northern Ireland.

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• Apr 10, 2023

  A big week ahead in Washington for the global economy

  

  The World Bank and the International Monetary Fund, the titans of international finance, start their joint spring meetings in Washington, D.C. this week. We talk with World Bank chief David Malpass about what he’s looking to discuss at the meeting, including the precarious debt positions of developing nations and rising interest rates in advanced economies. And, a look into how workers are dealing with lower wage increases as inflation remains stubbornly high. 

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• Apr 10, 2023

  Another Tesla Megafactory, this time in Shanghai

  

  From the BBC World Service: Tesla announced that it will open an additional battery production factory in Shanghai that will complement the company’s existing facilities in the city. The electric car maker’s new factory will be capable of producing 10,000 battery megapacks a year. The UN warns that more than twenty African countries are at risk of not being able to repay some of their debts. On the 25th anniversary of the Good Friday Agreement, is Northern Ireland still reaping the economic benefits?

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• Apr 7, 2023

  The jobs report shows a hiring decline, but is it enough for the Fed?

  

  The government’s official jobs numbers dropped this morning, and it showed a slowdown in the number of workers being hired with an unemployment rate of 3.5%. That signals progress toward the Fed’s goal of cooling off the labor market, says FHN Financial chief economist Christopher Low, but it may not be enough to satisfy Jerome Powell and Co. Plus, we look at why Native Americans are often under-represented in government data and what can mean when big datasets like the jobs report come out. And, why Wyoming is still trying to solicit crypto investors amid the industry’s recent high-profile scandals. 

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• Apr 7, 2023

  Chipmaking giant Samsung to cut production amid slowing demand

  

  Samsung, the South Korean electronics giant, reported that profits declined by a whopping 96% in Q1 of this year due to slowing demand for microchips and other electronics. We look at the company’s decision to cut production of microchips as a result of the news, and what that says about the wider economy. Plus, lumber prices may be coming down from sky-high pandemic rates, but that will likely do little to alleviate the housing crunch. And, a story of how a Native American group negotiated for the removal of a dam in North Carolina in order to restore the tribe’s land. 

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• Apr 7, 2023

  The Good Friday Agreement – 25 years on

  

  From the BBC World Service: 25 years ago this weekend, the Good Friday Agreement brought an end to 30 years of conflict in Northern Ireland. Plus, an Australian mayor may sue the company behind ChatGPT after it falsely claimed he’d been jailed for bribery. And, in the UK, printing is underway of new banknotes featuring King Charles III.

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• Apr 6, 2023

  Don’t forget those new green credits on your taxes this year

  

  The tax filing deadline is approaching for most Americans, and a significant number will benefit from new green credits set out in the Inflation Reduction Act. We look at what these new tax credits are, as well as how they could benefit people who installed heat pumps, switched to solar panels or bought electric cars last year. Plus, new data shows that the number of people seeing unemployment benefits ticked down but remained higher than expected — KPMG Chief Economist Diane Swonk tells us what that could say about the labor market. And, why some people who were laid off are not seeking unemployment benefits. 

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