In the News Archive

Three months ago, Mr. Price, 31, announced he was setting a new minimum salary of $70,000 at his Seattle credit card processing firm, Gravity Payments, and slashing his own million-dollar pay package to do it. He wasn't thinking about the current political clamor over low wages or the growing gap between rich and poor, he said. He was just thinking of the 120 people who worked for him and, let's be honest, a bit of free publicity. The idea struck him when a friend shared her worries about paying both her rent and student loans on a $40,000 salary. He realized a lot of his own employees earned that or less.

Yet almost overnight, a decision by one small-business man in the northwestern corner of the country became a swashbuckling blow against income inequality.

It’s a fascinating time to take stock of startup innovation in the Netherlands, a rare turning point where you can watch the hard work of the past give way to the immense promise of the future.

Behind London and Berlin, the Dutch startup scene is already considered to be one of the most prominent in Europe. (If it feels unfair to weigh an entire country against individual cities, consider that the Netherlands has 17 million people crammed into an area half the size of South Carolina.)

Who was behind all of this? When I stumbled on it last fall, I had an idea. I was already investigating a shadowy organization in St. Petersburg, Russia, that spreads false information on the Internet. It has gone by a few names, but I will refer to it by its best known: the Internet Research Agency. The agency had become known for employing hundreds of Russians to post pro-Kremlin propaganda online under fake identities, including on Twitter, in order to create the illusion of a massive army of supporters; it has often been called a "troll farm." The more I investigated this group, the more links I discovered between it and the hoaxes. In April, I went to St. Petersburg to learn more about the agency and its brand of information warfare, which it has aggressively deployed against political opponents at home, Russia's perceived enemies abroad and, more recently, me.

You may not have heard of Baotou, but the mines and factories here help to keep our modern lives ticking. It is one of the world's biggest suppliers of "rare earth" minerals. These elements can be found in everything from magnets in wind turbines and electric car motors, to the electronic guts of smartphones and flatscreen TVs. In 2009 China produced 95% of the world's supply of these elements, and it's estimated that the Bayan Obo mines just north of Baotou contain 70% of the world's reserves. But, as we would discover, at what cost?

With Apple Watch, the price differentiation between the entry-level Sport at $349, the standard Apple Watch at $549, and the Edition at $10,000 is about perceived value - what materials are used in the case, bracelet, and straps, but also how much people believe they should be paying for the product. In addition to perceived value, mechanical watches are also priced by human value: how much of the work is done by hand (in many cases using 200-year-old methods). For example, a watchmaker named Philippe Dufour makes just 12 watches per year, alone in his one-room atelier in the mountains of Switzerland. A simple, time-only piece can cost $100,000. Whether the case is gold or platinum, the price of a Philippe Dufour watch remains (roughly) static - you are not paying for materials, you are paying for Mr. Dufour's time and touch. The Apple Watch has minimal human value, and that is the biggest difference between it and its mechanical counterparts.

Just how much human value can a customer expect from a mechanical watch, relative to a similarly priced Apple Watch? The difference is startling.

When Teddy Roosevelt declared the Grand Canyon a national monument, in 1908, he famously said: "Leave it as it is. You cannot improve on it. The ages have been at work on it, and man can only mar it." In that sense, the Escalade is a thumb in TR's eye. Covering hundreds of acres on Navajo Reservation land, it is arguably the most intrusive development ever proposed for the Grand Canyon - a $500 million to $1.1 billion recreation and transport facility featuring a 1.4-mile tramway equipped with eight-passenger gondolas that would carry as many as 10,000 people a day down to the river confluence, with new roads, hotels, gift shops, restaurants and other attractions. The developer - Confluence Partners LLC, a Scottsdale, Arizona-based investment group whose members' ventures include real estate, resorts and theme parks - says construction of the Escalade could begin as early as this year.

Kevin Lee calls it "Steve Jobs Syndrome." As the former head of product strategy and user experience design at Samsung Design America, Lee watched as the $100 billion Korean tech giant wrote check after check to countless Western design firms to develop future products for the Korean company. The designers would dig in their heels, refusing to budge on their grand idea or see how it might fit into Samsung's vast production line. And Samsung management would either discard the idea entirely, or water it down so much that the product became another meaningless SKU in the hundreds of products Samsung sells today.

Barack Obama has angered officials in Europe after suggesting that investigations by the European Union into companies like Google and Facebook were "commercially driven." In an interview with Recode, the president claimed that European "service providers who ... can't compete with ours, are essentially trying to set up some roadblocks for our companies to operate effectively there." The truth, however, is more nuanced than this.

Samsung's smart TVs have already come under fire this week for a poorly-worded privacy policy that apparently let the devices listen in on owners' conversations. Now, there are reports that the sets are inserting ads "every 20-30 minutes" into users' own, locally-stored content. There's been a string of complaints online by customers using third-party video apps such as Plex and Australian service Foxtel, with most referring to rogue Pepsi ads interrupting their viewing. "After about 15 minutes of watching live TV, the screen goes blank, and then a 16:9 sized Pepsi ads (taking up about half the screen) pops up," wrote a professed Samsung smart TV owner on Foxtel's support forums. "It's as if there is a popup ad on the TV."

The letter S appears nowhere in the word "dollar", yet an S with a line through it ($) is unmistakably the dollar sign. But why an S? Why isn't the dollar sign something like a Đ (like the former South Vietnamese dong, or the totally-not-a-joke-currency Dogecoin)?

There's a good story behind it, but here's a big hint: the dollar sign isn't a dollar sign.

It's a peso sign.

From Apple's financial followers to the culture pages, expect few technology topics to garner as much attention in 2015 as the Apple Watch, which is set to launch "early" in the year.

Why? Because it's not just a new gadget. Several people, companies, and entire industries are counting on it to be a hit. Without hyperbole, the Apple Watch has the potential to create new billionaires and to change the way people live.

"A frustration I have is that a lot of people increasingly seem to equate an advertising business model with somehow being out of alignment with your customers," Zuckerberg says. "I think it's the most ridiculous concept. What, you think because you're paying Apple that you're somehow in alignment with them? If you were in alignment with them, then they'd make their products a lot cheaper!"

Two days ago, we heard of Sony's plans to build a watch made entirely of e-paper - one where the band and the watch face would both change in response to the user's wrist gestures. It sounded wild and provocatively different, but what we really wanted to know was what it looked like. As it turns out, that watch is already in the public eye, though Sony's involvement had until now been kept clandestine so as to judge the product on its own merits. Say hello to the FES Watch.