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Tribune News Service

Business Budget for Thursday, May 16, 2019

Updated at 2 p.m. EDT (1800 UTC)

Adds CPT-5G-PHONE:MS, FARM-BAILOUT-CROOKS:NY, WRK-UBER-DRIVERS:SJ, REAL-EVICTIONS-RACE:TB

This budget is now available at TribuneNewsService.com, with direct links to stories and art. See details at the end of the budget.

^TOP STORIES<

^How much was pilot error a factor in the Boeing 737 MAX crashes?<

^BOEING-PLANE-PILOT:SE_

"Pilots trained in the United States would have successfully been able to handle" the emergencies on both jets, said Rep. Sam Graves of Missouri, ranking member of the House Transportation and Infrastructure Committee. He added that preliminary reports about the accident "compound my concerns about quality training standards in other countries."

Graves was repeating the main points in a report written by two pilots at a major U.S. airline that pointed to pilot error as "the most consequential factor" in both crashes. Their report was commissioned and paid for by institutional investors with large holdings in Boeing stock.

1900 by Dominic Gates. MOVED

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^Here's why your internet may be delivered by a drone someday soon<

^CPT-DRONES-INTERNET:LA_

But don't count out solar-powered, high-altitude drones _ or giant balloons.

Advances in solar-cell and battery technology have made those technologies more feasible. Last month, Japanese telecommunications giant SoftBank Corp. said it would partner with California drone maker AeroVironment Inc. to build a drone capable of flying to the stratosphere, hovering around an area for months and serving as a floating cell tower to beam internet to users on Earth. Airbus and Boeing Co. are also working on their own versions of high-flying, solar-powered drones.

1050 by Samantha Masunaga. MOVED

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^Renters in Chicago's black neighborhoods 4 times as likely to face eviction as those in white areas<

^REAL-EVICTIONS-RACE:TB_

Fair housing advocates said the racial disparity in eviction filings is linked to poverty, instability and other historical racial dynamics that warrant further exploration.

1450 by Javonte Anderson in Chicago. MOVED

PHOTOS

^OTHER BUSINESS NEWS<

^Illinois bill would allow the homeless, elderly and disabled to use food stamp benefits at restaurants<

^FOODSTAMPS-RESTAURANTS:TB_

The Restaurant Meals Program bill, which is awaiting a state Senate vote after approval by the House in late March, aims to add Illinois to a short list of states that have opted into a federal program that allows certain people to redeem food stamps at participating restaurants.

Restaurants, which must offer discounted menus to be eligible, can voluntarily apply to participate and are not required to enroll.

800 by Alexia Elejalde-Ruiz. MOVED

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^Uber letting riders use app to tell drivers to keep quiet, but only in pricier services<

^UBER-QUIET:SJ_

Uber listened. And as of Tuesday, in its premium "Black" services, riders can use the company's app to tell the man or woman behind the wheel to keep their mouth shut.

350 by Ethan Baron. MOVED

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^Samsung, Verizon launch first 5G phone, entry price is $1,300<

CPT-5G-PHONE:MS _ Samsung Electronics Co., the world's top seller of smartphones, released its first 5G model in the U.S. Thursday, and early adopters and tech journalists visited Minneapolis to try it.

The city and Chicago are the first two places in the U.S. with 5G network coverage, started in both cities earlier this year by Verizon Communications Inc.

250 by Evan Ramstad in Minneapolis. MOVED

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^Company owned by Brazilian crooks received $62 million in Trump bailout cash meant for struggling U.S. farmers<

^FARM-BAILOUT-CROOKS:NY_

The Department of Agriculture cut a contract in January to purchase $22.3 million worth of pork from plants operated by JBS USA, a Colorado-based subsidiary of Brazil's JBS SA, which ranks as the largest meatpacker in the world.

The bailout raised eyebrows from industry insiders at the time, as it was sourced from a $12 billion program meant for American farmers harmed by President Trump's escalating trade war with China and other countries.

1000 by Chris Sommerfeldt. MOVED

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^Defiance in California after NLRB decision about Uber drivers' contractor status<

^WRK-UBER-DRIVERS:SJ_

Now, experts and others say, it will be up to states to provide worker protections for drivers. In California, Assemblywoman Lorena Gonzalez, D-San Diego, late last year introduced legislation that tries to codify the state Supreme Court ruling, which simplifies the standard for whether a worker should be considered an employee and is expected to put ride-hailing drivers and other gig workers in that category. Such a shift in classification would upend the business model of Uber, Lyft and other companies that rely on on-demand workers.

800 by Levi Sumagaysay. MOVED

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^<

^REAL ESTATE STORIES<

^Plans for micro hotel with $35-a-night sleeping pods wins approval from Port Commissioners<

REAL-MICROHOTEL:SD _A proposal to build a novel micro hotel on Pacific Highway that would contain dozens of sleeping pods renting for $35 a night won the unanimous support Tuesday of San Diego Port Commissioners.

Their action represents a pivotal step toward eventually building the $10.6 million project proposed by Los Angeles-based Stay Open, a development team that has already built similar projects in New Zealand. Stay Open was competing with two other developers who had responded to a solicitation that the Port of San Diego launched earlier this year in hopes of getting low-cost accommodations built on a 3-acre site it owns adjacent to its administration building.

800 by Lori Weisberg in San Diego. MOVED

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^Bay Area universities hit road blocks trying to build housing<

^REAL-UNIVERSITIES:SJ_

UC Santa Cruz is squaring off against two environmental groups that have sued over the school's plans to build new residences for 3,000 students who often are left out of on-campus housing _ juniors, seniors, graduate students, and students with families. Meanwhile, a plan to build 150 homes for UC Berkeley professors and grad students, which passed a preliminary vote Wednesday, is facing a potential lawsuit from city officials. Now both universities, which are grappling with growing enrollments and housing shortages, are gearing up to fight for plans that they see as crucial to their continued success.

900 by Marisa Kendall. MOVED

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^DAILY MARKETS GRAPHIC <

Find here a daily Wall Street roundup graphic featuring Dow Jones Industrial Average, S&P 500 and Nasdaq data.

The 1-column x 4-inch graphic, Wall Street, will be posted by 6:30 p.m. EDT Monday through Friday.

To find the graphic, visit the Graphics section of TribuneNewsService.com.

Those with questions regarding the graphic should contact the graphics team at 312-222-4131 or tydavis@tribpub.com.

^COLUMNS<

These features regularly move on Thursdays:

^<

^Deborah Kearns: Experts weigh in on whether to pay off your mortgage early or put your money to work elsewhere<

^REAL-BANKRATE:MCT_

Three financial experts weigh in on the ever-evolving debate on whether you should pay off your mortgage early _ or put your money to work in other places.

1100 by Deborah Kearns. MOVED

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^Real estate Q&A: Contracts have consequences _ and they can bite<

^REAL-REALESTATE-QA:FL_

500 by Gary M. Singer. MOVED

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^REAL-MORTGAGEPROFESSOR:MCT_

Not moving this week.

^RECEIVE TNS BUSINESS BUDGETS BY EMAIL<

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___

2019, Tribune Content Agency

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