Alayna Treene Jan 19, 2017
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Obama's history of the trillion dollar coin

Carolyn Kaster / AP

President Obama sat down with the political podcast, Pod Save America, yesterday and discussed his "scariest moment" in the White House — the debt ceiling crisis of 2013:

  • "There were all kinds of wacky ideas about how potentially you could have this massive coin I mean... it was like some primitive — it was like out of the stone age or something. And I pictured rolling in some coin..."
  • "It gets pretty technical, but there was this theory that I had the authority to just issue... through the mint... this massive trillion dollar coin... and that on that basis we could try to pay off our U.S. treasuries."
  • "It was a very realistic possibility that we couldn't get the votes for that and that we couldn't get those debts rolled over... and at that point you were in uncharted territory."
Steve LeVine 13 hours ago
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Self-driving lab head urges freeze after "nightmare" fatality

Uber self-driving car in Pittsburgh. Photo: Jeff Swensen / Getty

Carmakers and technology companies should freeze their race to field autonomous vehicles because "clearly the technology is not where it needs to be," said Raj Rajkumar, head of Carnegie Mellon University's leading self-driving laboratory.

What he said: Speaking a few hours after a self-driven vehicle ran over and killed a pedestrian in Arizona, Rajkumar said, "This isn't like a bug with your phone. People can get killed. Companies need to take a deep breath. The technology is not there yet. We need to keep people in the loop."

Kia Kokalitcheva 2 hours ago
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Why Europeans are more skeptical of data-driven businesses

A European Union flag seen flying in Trafalgar Square. Photo: Brais G Rouco/SOPA Images/LightRocket via Getty Images

Europeans view privacy as a human rights issue, leading regulators there to be much more skeptical of data-driven businesses like social media. Americans are also beginning to worry about how data is used on some platforms like Facebook, particularly after news of the Cambridge Analytica scandal broke this weekend.

The big picture: Europe's history and culture plays a large role in shaping its views toward privacy. Granted, this history has to do with government access to personal information, but it's since extended to businesses.