Latest from Kelly Silvera

• Jun 20, 2023

  What if we had something like the Federal Reserve for AI?

  

  What we’re talking about here is using the structure of something like a central bank to govern artificial intelligence. In other words, when a financial crisis hits, central banks all over the world see things similarly and act accordingly based on shared expertise. Is that type of structure one way we could start to regulate artificial intelligence to avoid the bad and keep the good that might come with the technology? Plus, word today that Hyundai of South Korea is making a big investment in electric vehicles. It plans to increase EV production at its factories in the U.S. and develop new batteries.

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• Jun 20, 2023

  The so-called “Great Resignation” goes global

  

  A survey of workers in 46 countries finds about 25% of them plan to change jobs within a year, and nearly half plan to ask for an increase in pay. The survey, from accounting and consulting firm PwC, finds the number of people planning to quit has risen compared to last year. Plus, the Chinese tech giant Alibaba is reshuffling leadership. And, how a decline in support for the Black Lives Matter movement is showing up in corporate America.

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• Jun 20, 2023

  Europe brings business closer to home

  

  From the BBC World Service: Some U.S. companies have moved parts of their organization to Mexico due to Russia’s war on Ukraine and tensions with China. Now, Europe is following suit as it witnesses an increase in so-called near-shoring. We hear from Tim Creighton, who is head of logistics and industrial at Cushman and Wakefield. Also, the BBC’s Beth Timmins tells us that the U.K. government is trying to ensure that money gathered from Russian sanctions will be used to help rebuild Ukraine. And finally, the BBC’s Nasser Hanif reports on Pakistan’s government, which is waiting to see if its new budget will convince the International Monetary Fund to give it a desperately needed loan.

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• Jun 19, 2023

  All eyes on Beijing’s ties with U.S., Europe

  

  Relations between Beijing and the West are in focus this morning with U.S. Secretary of State Antony Blinken meeting China’s leader Xi Jinping, who said there was progress in mending strained relations. And Europe is watching all of this. After reports of multiple Chinese crackdowns on Western businesses, some European firms are rethinking their operations in China. Also on the show today: Garrison Hayes, author of “A Kids Book About Juneteenth.” Hayes tells us more about why he decided to write this book.

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• Jun 19, 2023

  When will all states recognize Juneteenth as a public holiday?

  

  Juneteenth became a federal holiday two years ago. But about half the states in the country have yet to adopt it as an official state holiday. Efforts to change that are ongoing. Plus, the latest from U.S. Secretary of State Antony Blinken’s trip to China. He’s meeting with China’s leader Xi Jinping. And, in Argentina, workers have been on strike for weeks, demanding higher wages to keep up with soaring inflation, which is running at more than 100%.

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• Jun 19, 2023

  Is Italy’s relationship with China hitting the skids?

  

  From the BBC World Service: Italy is the latest country to try to limit the influence of China in its businesses. The government is restricting the Chinese state-owned company Sinochem from taking control of the tire-maker Pirelli, as the BBC’s Mariko Oi explains. Plus, BBC business correspondent Theo Leggett joins us from Paris at the world’s biggest air show. And, the BBC’s Valley Fontaine reports on strikes in Argentina, where inflation is out of control.

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• Jun 16, 2023

  Blinken heads to China, following a visit by Bill Gates

  

  The U.S. Secretary of State Antony Blinken will arrive in China to try to strengthen diplomatic ties between Washington and Beijing. Meanwhile, a private sector dignitary has just met with China’s leader Xi Jinping: Microsoft co-founder Bill Gates. We have more on what was discussed. Plus, the Federal Reserve’s thinking seems to point to an economy still humming along. So why didn’t the central bank raise interest rates again this week to try to slow the economy a bit? Well, you have to read between the lines, says Christopher Low, chief economist at FHN Financial. This has to do with concerns about the banking sector still lingering. And, it’s now more than three dozen states that have legalized cannabis products for medical use. But it’s not an affordable option for all patients.

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• Jun 16, 2023

  Is it trash day for junk fees?

  

  Some see them in the $45 per night “destination fee” on the hotel bill. Or maybe the $25 charge for not booking a plane ticket on the internet. The Biden Administration is pressuring companies to stop with surprise or undisclosed charges, and to be sure people know in advance the cost of a product or service. Which leads us to two major ticketing companies saying they’ll end hidden fees so at least buyers using Ticketmaster and SeatGeek will have more transparency about the full price of a ticket up front. Also, Google parent company Alphabet warns its employees about using artificial intelligence chatbots. And, some economic implications of the 7-2 U.S. Supreme Court decision to let stand the Indian Child Welfare Act.

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• Jun 16, 2023

  Foxconn must prepare for the worst

  

  From the BBC World Service: Young Liu, the chairman of Taiwan-based iPhone maker Foxconn, says the company is redrawing some of its supply chains as it navigates a new era of icy Washington-Beijing relations. Plus, Singapore will “progressively deploy” more patrol robots across the city-state after more than five years of small-scale trials. And, a multimillion dollar deal between audio streaming giant Spotify and the media group run by Prince Harry and Meghan Markle has been canceled.

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• Jun 15, 2023

  Employee or independent contractor?

  

  The standards for determining this have changed yet again. And the latest ruling by the National Labor Relations Board brings back a method that could classify more people as employees. That’s making companies like Uber and Lyft pay close attention. Also, after the Federal Reserve skipped an interest rate hike yesterday, we’re already anticipating that they’ll increase rates at the next policy meeting. It’s part of the tightrope the Fed is trying to walk on inflation. And, what we pay for coffee beans reflects supply and demand on commodities markets … but not much else. Some in the coffee supply chain think the market needs restructuring to better reflect everything that goes into coffee, from labor to land to changing climate.

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