Harvard Business School's Jayanth Iyengar (far left), Jonas Peter Akins and Genevieve Sheenan held their own, but eventually lost to IBM's Watson in a game of Jeopardy at a conference on jobs and technology.
Credit Stan Honda / AFP/Getty Images
An automated robot arm picks up a bottle of prescription pills in the Medco pharmacy plant in Willingboro, N.J. Medco's state-of-the-art automated pharmacy can dispense up to 1 million prescriptions a week.
The U.S. economy hit an important milestone last week: Gross domestic product, the sum of all goods and services produced in the country, returned to pre-recession levels. But the gains were made with millions fewer workers. Part of the reason is technology, as computers and machines continue to replace humans.
We used to think about machines taking over mundane jobs, like twisting a screw into a toaster on an assembly line over and over again. But more recently, technology is eliminating higher-skill jobs.
We're going to hear now about a very small race that's making big political waves. The race is for the school board of Wake County, North Carolina. It comes after a policy using family income to create economic diversity in the schools was tossed out by a Republican school board in 2009. This Tuesday, a runoff election for one seat on the board may put the Democrats back in the majority. Dave DeWitt of North Carolina Public Radio reports the school board race is attracting national attention and big money.
Some towns in New York are rushing to ban horizontal hydrofracking, a controversial technique for capturing natural gas trapped deep under ground. The state itself has yet to approve fracking, but Dryden, N.Y., isn't taking any chances. Town supervisors approved a ban based on local zoning. David Chanatry of the New York Reporting Project at Utica College reports, the Dryden's ban is the issue in next week's town board elections.
NPR's business news begins with a bleaker forecast from the Fed. Just when we were beginning to hear some more positive economic news, the Federal Reserve reminds us not to get too excited. It's predicting slower growth and less improvement in the unemployment rate through 2013 than previously expected. This news comes after a two-day meeting of the Fed's policy-making committee, in which it decided against taking new measures to stimulate the economy for now.
First Solar, viewed as the golden child of the solar industry, hold its quarterly call today with nervous investors. They're on edge because the Arizona-based company announced a CEO shake-up late last month and have said almost nothing publically since then. From member station KJZZ in Phoenix, Peter O'Dowd reports.