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Jan 11, 2017

DealBook P.M. Edition: Top Story - January 11, 2017: Six Volkswagen Employees Charged in Emision Scandal

Wednesday, January 11, 2017


The New York Times

The New York Times
 
 
Top Story
Michael Horn acknowledged to a congressional subcommittee in October 2015 that he had been informed in spring 2014 about “a possible emissions noncompliance.”
Six Volkswagen Employees Charged in Emissions Scandal
By HIROKO TABUCHI, JACK EWING AND MATT APUZZO
The employees charged in the government’s emissions fraud case include a former head of the company’s brand as well as the head of engine development.


Business Day
Dina H. Powell in 2011. She runs many philanthropic initiatives for Goldman Sachs.
Another Goldman Executive Is Said to Be Going to Trump Administration
By KATE KELLY AND MAGGIE HABERMAN
Dina H. Powell, a former member of George W. Bush’s staff who runs many of Goldman’s philanthropic efforts, is said to be taking a new job as White House adviser.
Milo Yiannopoulos, an editor at the conservative news site Breitbart News, received a six-figure publishing contract from Threshold Editions, a conservative imprint at Simon & Schuster. The move prompted criticism from some of Simon & Schuster’s authors and calls for a boycott.
Publishers Encounter Political Storms in Turn to Right
By ALEXANDRA ALTER
The largely left-leaning publishing world is courting young conservatives and tailoring its plans to reflect volatile new political realities.
State of the Art
How Netflix Is Deepening Our Cultural Echo Chambers
By FARHAD MANJOO
There was a lot to criticize about broadcast TV, but it brought the nation together. Streaming services are doing the opposite.
Mark Zuckerberg, the chief executive of Facebook, in 2016. Last month, he said, “I recognize we have a greater responsibility than just building technology that information flows through.”
Facebook, Nodding to Its Role in Media, Starts a Journalism Project
By MIKE ISAAC
The effort calls for, among other things, the company to forge deeper ties with news organizations by collaborating on publishing tools and features before they are released.
What Airbnb ads on Instagram Stories might look like.
More Ads to Appear on Instagram, Now on ‘Stories’ Feature
By SAPNA MAHESHWARI
The free app, which Facebook owns, is offering another vehicle to advertisers, who since late 2015 have been buying space on its original photo feed.
App Smart
The Within app uses 360-degree video technology, similar to virtual technology.
Virtual Reality on the Cheap? Try These Apps on Your Phone
By KIT EATON
A variety of apps, some using Google’s Cardboard viewer, allow users to sample films and games with 3-D imagery.
Entrepreneurship
Catherine Berendsohn in her parents’ home in Miami last month. Her student debt prevented her from getting the money she needed to grow her own business.
For Young Entrepreneurs, College Debts Can Snuff Out Start-Up Hopes
By JOHN F. WASIK
Fewer millennials are founding companies at a time when student loans are on the rise. As one business founder put it, “The debt is always there, drowning you.”
 
Politics
President-elect Donald J. Trump and his son Donald Trump Jr. at a news conference on Wednesday in Trump Tower in Manhattan.
Sons to Run Trump Business via Trust; Ethicists Still See Conflict
By MAGGIE HABERMAN, JULIE HIRSCHFELD DAVIS AND ERIC LIPTON
Mr. Trump will not divest himself of his vast business empire as he prepares to assume the presidency, top officials with his company said.
Upshot
The mood among economists in a meeting in Chicago was as dreary as one of the city’s winter days.
Why Most Economists Are So Worried About Trump
By JUSTIN WOLFERS
In a meeting in Chicago, a fear that their advice will be ignored — and that the new administration’s policies could court economic disast


Buzz Tracker
Steven Mnuchin divests stakes. The Treasury secretary nominee plans to divest his interests in 43 companies and investments to avoid conflicts during his tenure in the Trump administration. – Bloomberg
Donald Trump and the financial crisis. President Obama steps down as the recovery from that crisis is largely complete, which could leave Mr. Trump to preside over the longest expansion since World War II. – The Wall Street Journal
Turkish lira tumbles. President Recep Tayyip Erdogan’s attempt to take control of all levers of power and a mounting terrorist threat has begun to alarm investors, sending the Turkish lira down 4 per cent to an all-time low. – Financial Times
 
Looking Ahead
Yellen will take questions from economics teachers. Janet L. Yellen, the Federal Reserve chairwoman, will speak in a relatively relaxed environment on Thursday night when she holds a forum for high school and college economics teachers. Ms. Yellen, a former college professor, will speak briefly and then answer questions via video conference from educators gathered at the offices of the Fed’s 12 regional reserve banks. The event is part of the Fed’s efforts to improve financial education. – Binyamin Appelbaum