SUMMARY:Prospects for averting an all-out trade war grew dimmer as the second round of negotiations between the U.S. and China kicked off in Washington [D.C.]. The President said China had been “spoiled" by lenient U.S. trade policies for too long. Yamiche Alcindor reports, and Judy Woodruff talks with David Lampton of Johns Hopkins University about questions surrounding Chinese telecom ZTE and more.
SUMMARY: Since it was introduced eight years ago, the digital currency Bitcoin has drawn attention for its rise in value. Like other digital currencies, it uses “blockchain” technology, which helps conduct transactions without using banks or credit card companies as conduits. Hari Sreenivasan spoke with Don Tapscott, co-author of "Blockchain Revolution," about the technology's potential.
SUMMARY: In 2015, Gravity Payments CEO Dan Price announced he would raise the company's minimum wage to $70,000 a year by 2017 and slash his own compensation by more than 90 percent. More than a year later, Price reports the company's revenue and clientèle has grown substantially, despite critics' predictions that the move would be bad for business. NewsHour Weekend Special Correspondent John Larson reports.
RECEPTIONIST: Gravity Payments, this is Korinne.
JOHN LARSON (NewsHour):About a year-and-a-half ago, life changed for the 100 employees of Gravity Payments in Seattle when their boss, Dan Price, announced the company's minimum wage would jump to 70-thousand dollars a year.
DAN PRICE: Effectively immediately, we are going to put a scaled policy into place, and we are going to have a minimum 70-thousand dollar pay rate for everyone that works here.
JOHN LARSON: The hikes would be phased in. A 50-thousand dollar a year minimum wage took effect immediately, and would rise to 60-thousand by the end of 2016, and 70-thousand in 2017. Price said he'd help pay for the increases by slashing his own million dollar a year compensation by more than 90 percent to 70-thousand.
DAN PRICE: I'm curious if anyone has any questions?
JOHN LARSON: Stories of his announcement went viral.
CBS/SCOTT PELLEY: Everyone is getting a raise at a Seattle-based company.
NBC/LESTER HOLT: One boss just changed the lives of his employees.
I am Retired U.S. Navy (22yrs) and a Vietnam Veteran. After my Navy retirement I was in the computer related industry, now retired. In 2000 I was a registered Republican and voted for George W. Bush. Six months of having Bush in the Whitehouse forced me to re-evaluate my political stance. I had always thought of myself as a Moderate Republican, but was a Republican by "default" NOT because of close examination of the GOP. Due to what has happened in America since 2000, I now consider myself a progressive, and registered as a Non-Affiliated voter.
*Anti-First Amendment policies that attempt to turn America into a theocracy by enshrining ANY religious belief as law.
* Any attempt to suppress human or Constitutional rights.
* Any law or policy that supports discrimination based on religion, ethnicity, race/color, gender, sexual orientation, or any law that does NOT support Equal Treatment under the law.
*Any law or policy that attempts to suppress Freedom of the Press or Free Speech.
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