Tech
Why The Electoral College Exists
Around 138 million people voted in the 2016 election, but 306 people officially elected the president by using their electoral college votes. Here’s why the Electoral College exists.
The Supreme Court will decide whether Electoral College voters have a constitutional right to cast ballots for candidates who didn’t win their state’s popular vote, the justices announced in an order on Friday.
The justices said they will hear two cases brought by Electoral College voters in Washington state and Colorado who refused to vote for Hillary Clinton in 2016 despite her wins in those states.
Like most states, Washington and Colorado require their electors to follow the will of their states’ voters. But those laws are now being challenged by Electoral College voters who argue that such laws are unconstitutional.
A decision in the matter is expected by the end of June, ahead of the U.S. presidential election in November. The cases are the latest in a string of high-profile disputes the top court is expected to resolve in a contentious election year.
Historically, the faithfulness of Electoral College voters has largely been a formality. In 2016, 10 out of the total 538 electors attempted to cast ballots out of line with their state’s popular vote. But attorneys on both sides of the issue urged the top court to resolve the constitutional question before a crisis emerges.
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Why The Electoral College Exists
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Tech
Why Toll Text Scams Are Out Of Control
The FBI has issued a warning against “smishing”, which are text-based scams that people all over the country are receiving on their phones. Scammers are impersonating the agencies and companies that collect money for tolls parking tickets, credit card payments, bank notices, phone bills. Some scams are even fake anti-scam warnings. Smishing or text fraud is a new kind of old crime and it is enabled by the rise of smartphones and cashless billing. CNBC talked to toll collectors and crime experts about the rise of this problem, how to know a text is fake, and what to do about it.
Chapters:
0:00 – 01:08 Introduction
01:14 Chapter 1 – The scam
8:10 Chapter 2 – The perpetrators
10:19 Chapter 3 – How to protect yourself
Producer: Robert Ferris
Editor: Nic Golden Henry
Animation: Andrea Schmitz
Senior Managing Producer: Tala Hadavi
Camera: Jordan Smith and Natalie Rice
Senior Director of Video: Jeniece Pettitt
Additional footage: Getty Images
Additional sources: Federal Bureau of Investigation
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Why Toll Text Scams Are Out Of Control
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Tech
How China Could Beat The U.S. To Nuclear Fusion, As AI Power Needs Surge
Despite decades of U.S. leadership in nuclear fusion, China is now spending twice as much and building projects faster to beat the U.S. to commercial fusion power. The elusive, limitless, clean energy source has seen a rapid influx of private funds as AI power demands surge, with billions from the likes of OpenAI’s Sam Altman, Microsoft and Google. But Satellite images show China is rapidly building giant new fusion projects, while cornering the supply chain and talent pool to get there first.
Chapters:
0:00 Introduction
2:25 American born
6:08 Money, size and speed
9:01 Manpower and materials
11:07 Private sector power
Produced and shot by: Katie Tarasov
Edited by: Evan Lee Miller
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato
Additional Footage: Commonwealth Fusion Systems, Fusion Industry Association, General Atomics, Getty Images, Helion, Lawrence Livermore National Lab, Planet Labs, Michael Livingston/PPPL, NASA, TAE Technologies
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How China Could Beat The U.S. To Nuclear Fusion, As AI Power Needs Surge
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Tech
H-1B Visa Debate: Are Foreign Workers Taking American Tech Jobs?
The U.S. faces a growing demand for skilled workers, particularly in STEM fields with a need for 1 million more STEM workers by 2033. The H-1B visa program, created in 1990, helps fill this gap by allowing businesses to temporarily hire foreign workers in specialized fields, with 85,000 visas available annually. Tech companies like Amazon, Google, Meta and Microsoft are some of the largest users of the program eager to hire foreign workers. Supporters argue it boosts innovation and creates U.S. jobs, while detractors contend it takes jobs from American workers.
Chapters:
0:00 Introduction
2:29 Chapter 1. The debate
5:34 Chapter 2. Living on a H-1B visa
Produced by: DeLon Thornton
Edited by: Matthew Soto
Senior Managing Producer: Shawn Baldwin
Graphics by: Jason Regniato
Additional Footage: Getty Images
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H-1B Visa Debate: Are Foreign Workers Taking American Tech Jobs?
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Tech
Will Live Shopping On TikTok, Amazon And YouTube Take Off In The U.S.?
Livestream shopping took China by storm during the pandemic, growing into an estimated $423 billion market in 2022. Think of it like QVC, but entirely online and hosted by famous influencers with millions of followers. The trend has caught on more slowly in the U.S., but now Amazon, TikTok, YouTube and Shopify are making big investments in hopes it takes off. CNBC goes behind the scenes with creators like Myriam Sandler to find out what it’s like to sell via livestream, and what it’ll take for the emerging model to become a mainstream way that U.S. consumers shop.
Check out Myriam’s content here: @MOTHERCOULD
Chapters:
2:04 — QVC reinvented
5:08 — How Amazon Live works
8:30 — Amazon vs. TikTok and YouTube
12:48 — Innovations and obstacles
Produced by: Katie Tarasov
Edited by: Amy Marino
Supervising Producer: Jeniece Pettitt
Graphics by: Mallory Brangan
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Will Live Shopping On TikTok, Amazon And YouTube Take Off In The U.S.?
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Tech
When Will Inflation Finally End?
When will soaring inflation finally come to an end? Economists weigh what’s ahead and provide their valuable insights into what’s in store for 2023.
It’s the question on the minds of market watchers, economists and consumers alike: When will sky-high prices fall back down to Earth? There are hints that the worst of the U.S.’s bout with inflation may be in the past. Still, some experts are concerned that the historic pace of interest rate hikes from the Fed, aimed at cooling down the hot economy, could spur a recession once the dust settles.
“It’s probably going to be lower next year. How much lower is it? We’re not quite sure. Inflation can be very hard to predict,” Kevin Kliesen, business economist and research officer at the Federal Reserve Bank of St. Louis, told CNBC in an interview.
Watch the video above to find out when experts think high inflation could finally come to an end, and whether the U.S. will need to enter a recession to get there.
Chapters:
0:00 Introduction
0:42 Chapter 1
3:14 Chapter 2
5:56 Chapter 3:
Produced by: Noah Higgins-Dunn
Supervising Producer: Jeff Morganteen
Graphics by: Mallory Brangan
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When Will Inflation Finally End?
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