A New Silicon Valley is Sprouting in Middle America

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Kavitha Kamalbabu needed a break. She had raised her two children and the youngest was now in kindergarten. It was time to turn attention to her career. The 36-year-old wanted to code. The mecca of high tech -- Silicon Valley — wasn't an option because she needed to stay close to home and family in Indianapolis, Indiana. "I chose Kenzie Academy because of its life project-based learning," she said. Kamalbabu is now at the top of her class, getting a two-year degree as a software developer. Kenzie, based in Indianapolis, was established to keep talent in Middle America and to create a mini tech capital. "Our point is to bring people from Indianapolis to stay in Indianapolis," said founder Courtney Spence. To do that, they place students in local companies…


Virginia Woman Breaks Glass Ceiling with Wood

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Virginia Wallen is a wife, a mother of three, and a woodworker. She achieved what she has never imagined she would — turning her carpentry hobby into a business. The entrepreneur isn’t just succeeding in her new career, she’s tearing down stereotypes and building a new role model. It happens for a reason Wallen, who grew up helping out on her family's farm, developed all the skills required by a professional woodworker early on. “It wasn’t so much as a passion — growing up doing woodworking - as much as a requirement: help mend a fence or work on the farm or do things like that,” she recalls. “When given a choice in high school between home economics and woodshop class I picked woodshop and welding. But the passion happened a…


Syrian Refugees Showcase Innovation Ideas

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No matter where they live, young people are capable of coming up with fresh ideas about how to improve life in their communities. At a recent exhibition, held in the sprawling Zaatari refugee camp in northern Jordan, teenage Syrians showcased inventions geared toward making refugee camps more livable. VOA's George Putic has more. ...


Energy Stocks Jump on Wall Street After US Quits Iran Deal

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Wall Street surged on Wednesday as surging oil prices boosted energy stocks following U.S. President Donald Trump's decision the previous day to quit a nuclear agreement with Iran. Gains were broad and volume was high, with all but the utilities and telecom sectors advancing as investors who had moved to the sidelines in recent days ahead of Trump's decision returned to the market. "It's classic 'buy on the terrible news,' " said Ian Winer, director of trading at Wedbush Securities in Los Angeles, referring to the wider market's rally. "People had gotten way too nervous about this." Trump's decision for the United States pull out of the international agreement aimed at preventing Iran from obtaining a nuclear weapon was good news for investors betting on a rise in oil prices. Crude hit its highest level in 3½ years as investors bet the U.S.…


Google Suspends Advertising Related to Irish Abortion Referendum

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Google is suspending all advertising connected to Ireland's abortion referendum as part of moves to protect "election integrity," the company announced Wednesday. The move came a day after Facebook banned foreign-backed ads in the Irish campaign, amid global concerns about online election meddling and the role of internet ads in swaying voters.  Google said that starting Thursday, it would no longer display ads related to the May 25 vote on whether to repeal Ireland's constitutional ban on most abortions. The prohibition on ads connected to the Irish vote applies to both Google and YouTube, which the company owns. The online search leader, which is based in Mountain View, California, declined to say how much advertising revenue it was giving up because of the decision. Russian role The role of online…


Hedge Fund Founder Charged with Mismarking Securities

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 A New York hedge fund founder was arrested Wednesday on charges that he exaggerated his company's performance by over $200 million to impress and preserve investors. Anilesh Ahuja, 49, of Manhattan, was charged with conspiracy, securities fraud and wire fraud. Federal officials said that the founder, chief executive officer and chief investment officer of the investment firm Premium Point Investments LP had carried out a fraud from 2014 through 2016 that was designed to make investors believe that the firm's hedge funds were doing much better than they were. Between 2008 and 2016, the firm managed billions of dollars in assets, exceeding $5 billion at one time at its peak, authorities said. Amin Majidi, 52, of Armonk, New York, a former Premium Point portfolio manager, and Jeremy Shor, 46, of…


OPEC Source: Saudi Arabia Will Not Act Alone to Fill Any Iran Oil Shortfall

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Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act alone to fill the gap, an OPEC source familiar with the kingdom's oil thinking said. U.S. President Donald Trump on Tuesday abandoned a nuclear deal with Iran and announced the "highest level" of sanctions against the OPEC member. The original agreement had lifted sanctions in exchange for Tehran limiting its nuclear program. Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq. During the last round of sanctions, Iran's oil supplies fell by around 1 million barrels per day (bpd), but the country re-emerged as a major oil exporter, especially to…


New Shoppers Can Try Alexa in Amazon Model ‘Smart’ Homes

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Amazon.com Inc on Wednesday said it has set up model "smart" homes across the United States for shoppers to experience what it's like for voice aide Alexa to dim the lights, turn on the TV or order more laundry detergent. The rollout underscores how Amazon aims to make Alexa and the company's growing list of services, from shopping and entertainment to home security, an everyday part of consumers' lives. It also steps up competition with retailers such as Best Buy Co Inc that focus on showcasing technology and advising shoppers. Amazon, the world's largest online retailer, said it has partnered with Lennar Corp to convert some of the home construction company's model homes into showrooms for Alexa. The so-called "Amazon Experience Centers" are now open near 15 cities including Los…


A New Silicon Valley Where You’d Least Expect It

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Silicon Valley -- the U.S. hub of technology-- is getting so expensive that tech workers are struggling to get by, and start up companies are questioning whether to locate there. One city thousands of kilometers away is ready to welcome tech companies with an experienced workforce in hopes of becoming the next Silicon Valley. VOA's Carolyn Presutti takes us to the city and shows us a new tech university that could be replicated anywhere in the world. ...


US Trade Embargo Has Cost Cuba $130B, UN says

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A United Nations agency said on Tuesday an "unjust" U.S. financial and trade embargo on Cuba had cost the country's economy $130 billion over nearly six decades, coming up with the same estimate as the island's communist government. Although many U.S. allies join Washington in criticizing Cuba's one-party system and repression of political opponents, the United States has lost nearly all international support for the embargo since the collapse of the Soviet Union. The U.N. has adopted a non-binding resolution calling for an end to the embargo with overwhelming support every year since 1992. In a report ahead of the vote last year, Cuba estimated total damage from the embargo at $130 billion. "This country which welcomes us today .. is testing its own ways to face the brutal human…


Trump to Allow Year-Round Sales of High-Ethanol Gas

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President Donald Trump will allow year-round sales of renewable fuel with blends of 15 percent ethanol as part of an emerging deal to make changes to the federal ethanol mandate.   Republican senators and the White House announced the deal Tuesday after a closed-door meeting, the latest in a series of White House sessions on ethanol.   The Environmental Protection Agency currently bans the 15-percent blend, called E15, during the summer because of concerns that it contributes to smog on hot days. Gasoline typically contains 10 percent ethanol. Farm-state lawmakers have pushed for greater sales of the higher ethanol blend to boost demand for the corn-based fuel.   Iowa Sen. Chuck Grassley called the agreement good news for farmers and drivers alike, saying it would increase ethanol production and consumer…


China Cuts US Soybean Purchases

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With the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, a trend that could deal a blow to American farmers if it continues. At the same time, farmers in China are being encouraged to plant more soy, apparently to help make up for any shortfall from the United States.   Beijing has included soybeans on a list of $50 billion of U.S. exports on which it has said it would impose 25 percent tariffs if the United States follows through on its threats to impose the same level of tariffs on the same value of Chinese goods. The U.S. tariffs could kick in later this month; China would likely retaliate soon after. It can take a month or longer for soybean…


US Lawmakers’ Help Sought on Use of Encrypting Apps

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A digital rights organization has asked congressional leaders for help in persuading Google and Amazon to support a technology that people in authoritarian countries use to get around censorship controls worldwide. In a letter sent this week, Access Now, which is based in New York, sought to put pressure on Google and Amazon, which decided recently to close a loophole that allowed some encrypted-communication apps to assume a disguise as messages moved through the internet. Access Now asked for help from leaders of the House and Senate foreign affairs committees, the House and Senate commerce committees and the Congressional Executive Committee on China. At issue is the ongoing cat-and-mouse game between governments, such as Russia, Iran and China, and those who use internet and messaging technologies, like Telegram and Signal, to…


Can Shutting Down Online Hate Sites Curb Violence?

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GoDaddy has pulled the plug on another online peddler of violence. The popular internet registration service last week shut down altright.com, a website created by white nationalist leader Richard Spencer and popular with many in the so-called alt-right movement. The takedown is the latest example of how companies like GoDaddy are increasingly responding to growing public pressure to clamp down on violent sites in the wake of the deadly Unite the Right rally in Charlottesville, Virginia, last summer. GoDaddy, which registers domains for more than 75 million websites around the world, said it generally does not delist sites that promote hate, racism and bigotry on the ground that such content is protected as free speech. But it said altright.com had "crossed the line and encouraged and promoted violence in a direct…


Uber, US Army To Test Quiet Aircraft Technology

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Uber Technologies said Tuesday that it would work with the U.S. Army to advance research on a novel, quiet aircraft rotor technology that could be used in future flying cars, or military aircraft. The alliance highlights stepped-up efforts by Uber and other companies to transform flying cars from a science fiction concept to real hardware for residents of mega-cities where driving is a time-consuming bore. Uber and the Army's Research, Development and Engineering command said in a statement that they expected to spend $1 million to develop and test prototypes for a rotor system that would be used on a vertical takeoff and landing vehicle. The system would have two rotors, one stacked atop the other, moving in the same direction under the command of sophisticated software. This approach, which Uber…


US China to Meet for Round 2, But Big Differences Remain

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Trade negotiations between China and the United States continue early next week in Washington D.C., but analysts say after the first round, the differences between the two sides are huge. Some believe the differences are so fundamental and big that an escalation of tariffs is unavoidable. According to a widely circulated copy of Washington’s demands, President Donald Trump’s delegation not only asked Beijing to cut its trade deficit with the United States by $200 billion by 2020, but to also sharply lower tariffs and government subsidies of advanced technologies. Beijing wants the United States to no longer oppose granting China market economy status at the World Trade Organization, amend an export ban against Chinese tech company ZTE Corp and open American government procurement to Chinese technology and services among other demands. View…


Technology Revolution Can Help or Harm Societies

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As artificial intelligence is used in an increasingly connected world, experts say inherent risks need to be addressed now as societies become more and more dependent on the technology for everyday tasks. “It’s quite explosive what we’re seeing,” said Tom Siebel, chairman and chief executive officer at computer software company C3 IoT, during a recent Milken Institute Global Conference in Los Angeles. The experts discussed the benefits and dangers of technologies that allow machines to gather and analyze large amounts of data from connected devices.  Dangers of a connected world “Well, I think there are very serious concerns that we need to be aware of as it relates to the aggregation of all these data. A lot of this is personal identifiable data, economic data, health history data, human genomic…


Google to Showcase AI Advances at Its Big Conference

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Google is likely to again put artificial intelligence in the spotlight at its annual developers conference Thursday.   The company's digital concierge, known only as the Google Assistant, could gain new abilities to handle tasks such as making restaurant reservations without human hand-holding.   Google may also unveil updates to its Android mobile operating system, enable better AI-powered navigation suggestions in Google Maps, and push further into augmented reality technology, which overlays a view of the real world with digital images.   The search giant aims to make its assistant so useful that people can't live without it — or the search results that drive its advertising business. But it also wants to play up the social benefits of AI, and plans to showcase how it's being used to improve health…


Countries Race Towards Technological Dominance Knowing Benefits and Risks

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With technology developing at an exponential rate, experts say the world is experiencing a fourth industrial revolution - one that will be driven by artificial intelligence and machines that can analyze huge amounts of data from connected devices. But experts warn that aside from the benefits, the revolution also has the potential to harm societies. VOA's Elizabeth Lee has this report from the Milken Institute Global Conference in Los Angeles. ...


Trump Proposing Billions in Spending Cuts to Congress

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The Trump administration is unveiling a multibillion-dollar roster of proposed spending cuts but is leaving this year's $1.3 trillion catchall spending bill alone.   The cuts wouldn't have much impact, however, since they come from leftover funding from previous years that wouldn't be spent anyway.   The White House said it is sending the so-called rescissions package to lawmakers Tuesday. Administration officials, who required anonymity because they weren't authorized to speak publicly on the matter, said the package proposes killing $15 billion in unused funds. A senior official said about $7 billion would come from the Children's Health Insurance Program, or CHIP, which provides health care to kids from low-income families, though that official stressed the cuts won't have a practical impact on the popular program.   The administration is…


Australia to Release Budget with Looming Election in Mind

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Australia's government is expected to release annual spending plans on Tuesday with a focus on winning votes at elections due within a year. Cheaper craft beer plus personal tax cuts compensated by strengthening company tax revenue have been flagged as well as more investment on roads and rail to stimulate economic growth. Some media have reported that the government might better its timetable for returning the budget to surplus by the 2020-21 fiscal year by balancing the books 12 months earlier. New budget starts July 1 Treasurer Scott Morrison, who will reveal to the Parliament later Tuesday his economic blueprint for the year starting July 1, said the government would live within its means. “The plan for a stronger economy that I will be announcing tonight is about improving the…


Microsoft Launches $25M Program to Use AI for Disabilities

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Microsoft is launching a $25 million initiative to use artificial intelligence to build better technology for people with disabilities. CEO Satya Nadella announced the new "AI for Accessibility" effort as he kicked off Microsoft's annual conference for software developers. The Build conference in Seattle features sessions on cloud computing, artificial intelligence, internet-connected devices and virtual reality. It comes as Microsoft faces off with Amazon and Google to offer internet-connected services to businesses and organizations. The conference and the new initiative offer Microsoft an opportunity to emphasize its philosophy of building AI for social good. The focus could help counter some of the ethical concerns that have risen over AI and other fast-developing technology, including the potential that software formulas can perpetuate or even amplify gender and racial biases. The five-year…


Nestle Takes Over Sales of Starbucks in Grocery Aisles

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Nestle is paying more than $7 billion to handle global retail sales of Starbucks's coffee and tea outside of its coffee shops. The deal comes with a huge price tag for Nestle, but it could pay off big for the Swiss company. Its Nescafe and Nespresso don't carry anywhere near the heft in America that Starbucks brand does, with its $2 billion in annual sales.   The deal gives Nestle the rights to market, sell and distribute Starbucks, Seattle's Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia packaged coffee and tea. It will also be able to put the Starbucks brand on Nestle single-serve capsules. The agreement excludes bottled drinks like ice coffees and Frappuccinos that are sold in and outside of Starbucks stores.   Nestle had hinted…


‘Game-Changer’ Mobile App Aims to End Bangladesh Child Marriage

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A new phone app could be a "game-changer" in the fight against child marriage in Bangladesh, where more than half of all girls are married before they are 18, children's charity Plan International said on Monday. The impoverished South Asian nation has one of the world's highest rates of child marriage, according to UNICEF, despite laws that ban girls under 18 and men under 21 from marrying. The mobile app being rolled out by Plan and the Bangladesh government aims to prevent it by allowing matchmakers, priests and officers who register marriages to verify the bride and groom's ages through a digital database. "If we could get the people involved in the initial stages of marriage on side as well, then there would be no one to solemnize, no one…


Belgian Monks Get Back to Brewing After 200-Year Break

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A small band of Belgian monks are planning to start producing their own beer again, more than 200 years after invading French troops stopped all brewing at the abbey. The men from Grimbergen Abbey started making beer in 1128, but stopped in 1797 when the French took over the site and sold off the equipment. After that, some of the world's biggest drink brands filled the gap - Heineken unit Alken-Maes makes brown and blond lagers with the Grimbergen brand in Belgium. Carlsberg sells them abroad, paying royalties to the abbey. Now the monks have drawn up plans for their own micro-brewery to produce their own beers to sell alongside the other Grimbergen drinks on the market. "We want to build a micro-brewery, on a small scale and linked with…


Afghanistan’s Poverty Rate Rises as Economy Suffers

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Afghanistan's poverty rate has worsened sharply over the past five years as the economy has stalled and the Taliban insurgency has spread, with more than half the population living on less than a dollar a day, a survey published on Monday showed. The Afghanistan Living Conditions Survey (ALCS), a joint study by the European Union and Afghanistan's Central Statistics Organization, showed the national poverty rate rising to 55 percent in 2016-17 from 38 percent in 2011-12. "The high poverty rates represent the combined effect of stagnating economic growth, increasing demographic pressures, and a deteriorating security situation," Shubham Chaudhuri, World Bank director for Afghanistan, said in a commentary about the survey. The report underlines the problems facing the Western-backed government in Kabul which needs economic growth to help replace foreign aid…


Art Robots to Help Painters’ Creativity

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A new invention is a result of a joint effort by artists and scientists. Computerized art robots can memorize artist's strokes and effects and reproduce them as needed. They can perform at the artist's direction, cover large surfaces and make precision painting easier and quicker. Old masters often used their students to help paint a large canvas and ease the tediousness of repetitive strokes. As VOA's Zlatica Hoke reports, that work too can now be taken over by robots. ...