Sophia Lewis, Author at - Page 246 of 260

Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.

20

Feb

Science and Technology

Volkswagen Sees Electric Vehicles as a Way to Grow in the U.S.

Probably only Americans of a certain age remember when the Volkswagen Beetle was the best-selling imported car in the United States and the hippest ride to a Grateful Dead concert was a Volkswagen Microbus.Volkswagen is trying to tap some of that nostalgia in its latest push to regain the status and sales it enjoyed in the United States during the Beetle’s and Microbus’s heydays in the 1960s. But this time it hopes its top models will be electric.The German carmaker is second only to Toyota globally but is a niche player in the United States. Part of its plan to…

For Michigan’s Economy, Electric Vehicles Are Promising and Scary

20

Feb

By Sophia Lewis

Investments and Business

For Michigan’s Economy, Electric Vehicles Are Promising and Scary

Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago.But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. She is dismayed that the transition has been championed by President Biden, whose pro-labor credentials are at…

‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

19

Feb

By Sophia Lewis

Science and Technology

‘Most Wanted’ Man Pleads Guilty in Cyberattack That Upended Vermont Hospital

A Ukrainian man pleaded guilty in federal court on Thursday to his leadership role in two cyberattack schemes that caused tens of millions of dollars in losses and temporarily crippled a Vermont hospital in 2020, according to the Justice Department.Prosecutors said that Vyacheslav Igorevich Penchukov, 37, was a leader for an organization that in May 2009 began to infect thousands of computers at corporations with malicious software, and that he helped lead a separate malware scheme that began around November 2018.Mr. Penchukov, of Donetsk, pleaded guilty in the U.S. District Court in Nebraska to one count of conspiracy to commit…

William Beecher, Who Revealed Secret Cambodia Bombing, Dies at 90

19

Feb

By Sophia Lewis

Investments and Business

William Beecher, Who Revealed Secret Cambodia Bombing, Dies at 90

William Beecher, who as a reporter for The New York Times revealed President Richard M. Nixon’s secret bombing campaign over Cambodia during the Vietnam War, and who later won a Pulitzer Prize at The Boston Globe, died on Feb. 9 at his home in Wilmington, N.C. He was 90.His daughter, Lori Beecher, and son-in-law, Marc Burstein, confirmed the death.President Nixon ordered the bombings, code-named Operation Menu, in March 1969 in response to stepped-up attacks by the North Vietnamese Army and South Vietnamese guerrillas based in Cambodia, a neutral country. The campaign was so secret that even William P. Rogers, the…

The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.

17

Feb

By Sophia Lewis

Science and Technology

The Antitrust Enforcers Aimed at Big Tech. Then Came the Backlash.

The South Korean government unleashed a wave of panic across the internet industry: The country’s antitrust regulator said it would enact the toughest competition law outside Europe, curbing the influence of major technology companies.The Korea Fair Trade Commission, with the backing of President Yoon Suk Yeol, said in December that it planned to make a proposal modeled after the 2022 Digital Markets Act, the European Union’s landmark law to rein in American tech giants. This bill also seemed to target South Korea’s own internet conglomerates just as much as the Alphabets, Apples and Metas of the world.The commission said the…

The Great Compression – The New York Times

17

Feb

By Sophia Lewis

Investments and Business

The Great Compression – The New York Times

Robert Lanter lives in a 600-square-foot house that can be traversed in five seconds and vacuumed from a single outlet. He doesn’t have a coffee table in the living room because it would obstruct the front door. When relatives come to visit, Mr. Lanter says jokingly, but only partly, they have to tour one at time.Each of these details amounts to something bigger, for Mr. Lanter’s life and the U.S. housing market: a house under $300,000, something increasingly hard to find. That price allowed Mr. Lanter, a 63-year-old retired nurse, to buy a new single-family home in a subdivision in…