The future of your license plate

Each week, we spotlight a cool innovation recommended by some of the industry’s top tech writers. This week’s pick is a digital license plate.

License plates have remained “virtually unchanged vestiges from the dawn of the automobile,” said Eric Taub at The New York Times. No longer. The California company Reviver Auto is swapping out “old-fashioned stamped plates for digital screens.” The plates, which are connected to a cellular network, have a screen that “can display anything,” including vanity plates or a warning if a car is stolen. Businesses can also display ads on the plates when a car is parked, “even targeting a vehicle’s particular location because the plate is connected to GPS.”

(Courtesy image)

The 2-pound unit uses electronic ink technology similar to that of eBook readers like Amazon’s Kindle, but the dust-and-water–sealed screens used in the license plates can withstand wind and rain. Reviver has now begun a pilot program in California, though the first plates come with a hefty price of $699, plus an annual fee.

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Source:: The Week – Business

      

CEOs were paid 312 times more than the average employee last year

The income gap keeps growing. Chief executives at 350 of the largest companies in the U.S. now make 312 times more than their average employee, research from the Economic Policy Institute found.

Compensation for CEOs keeps growing, The Hill reported Friday, while employee compensation stagnates. In 2017, CEOs made an average of $18.9 million, a 17.6 percent increase from the year before. Meanwhile, the wages of average workers increased just 0.3 percent.

The think tank said that pay for CEOs has grown at a much faster rate than stock prices or corporate profits at these major companies. Executive compensation has risen nearly 1,000 percent since 1978, which continues to push the CEO-to-worker pay ratio wider. In 2016, the ratio was 270-to-1, while in 1995 it was 112-to-1. Back in 1965, the ratio was just 20-to-1.

“CEO pay continues to be very, very high and has grown far faster in recent decades than typical worker pay,” the institute report said. “Higher CEO pay does not reflect correspondingly higher output or better firm performance. Exorbitant CEO pay therefore means that the fruits of economic growth are not going to ordinary workers.” See more results at the Economic Policy Institute.

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Source:: The Week – Business

      

More than 1,000 Google workers protest censored China search

SAN FRANCISCO — More than a thousand Google employees have signed a letter protesting the company’s secretive plan to build a search engine that would comply with Chinese censorship.

The letter calls on executives to review ethics and transparency at the company.

The letter’s contents were confirmed by a Google employee who helped organize it but who requested anonymity because of the sensitive nature of the debate.

The letter says employees lack the information required “to make ethically informed decisions about our work” and complains that most employees only found out about the project — nicknamed Dragonfly — through media reports.

The letter is similar to one thousands of employees had signed in protest of Project Maven, a U.S. military contract that Google decided in June not to renew.

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Source:: Deseret News – Business News