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Fed’s Bostic on why the South has the lowest unemployment rate in the country – MarketWatch

‘The virus came to us after it had been to California, the West Coast and New York,’ Bostic said. That bought the region more time to prepare for its arrival.

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The Southern region of the U.S. is currently experiencing the lowest unemployment rate in the country of 6.9%.Notably many Southern states including Georgia and Florida were among the first to reopen parts of their economies while business lockdowns were in place in many parts of the country to curb the spread of coronavirus. Thats not the reason why the unemployment rate in the region is so low compared to the Northeast where the rate is three percentage points higher as of August, said Atlanta…

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Apple, Google and a Deal That Controls the Internet – The New York Times

In a landmark antitrust complaint, the Justice Department is targeting a secretive partnership that is worth billions of dollars to both companies.

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A former Google executive, who asked not to be identified because he was not permitted to talk about the deal, said the prospect of losing Apples traffic was terrifying to the company.
The Justice Department, which is asking for a court injunction preventing Google from entering into deals like the one it made with Apple, argues that the arrangement has unfairly helped make Google, which handles 92 percent of the worlds internet searches, the center of consumers online lives.
Online businesses like…

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Builder of global tech giant Samsung, Lee Kun-hee, dies at 78 – The Washington Post

No cause of death was given, but he has been hospitalized since a 2014 heart attack.

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Chairman Lee was a true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse from a local business, the statement said Sunday.
How Samsung moved beyond its exploding phones
Under Lees three decades of leadership, Samsung Electronics transformed from a small television maker into the worlds biggest producer of smartphones, electronic displays and memory chips. Since he inherited the company in 1987 from his father Lee Byung-chul who founded Samsung as a small…

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Samsung chairman Lee Kun-hee dies at 78 – The Verge

Samsung Electronics Lee Kun-hee chairman has died, the company has announced in a statement. He was 78.

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Controversial figure who turned Samsung into a global tech power
Photo by Chung Sung-Jun/Getty Images
Samsung Electronics has announced the death of its chairman, Lee Kun-hee. The company says he died on October 25th with family including his son, vice-chairman Lee Jae-yong, at his side. He was 78.
A cause of death was not given, but Lee had been incapacitated for many years after suffering a heart attack in 2014, causing him to withdraw from public life. Lee Jae-yong, also known as Jay Y. Lee,…

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