New story in Business from Time: The Kushner Family’s Company Is Being Investigated Over Use of a Controversial Visa Program

U.S. regulators and prosecutors have requested information from the real estate development business run by Jared Kushner’s family over a program that allows wealthy foreigners to obtain visas for investing in American projects, said two people with direct knowledge of the matter.

The Securities and Exchange Commission and prosecutors for New York’s Eastern District issued subpoenas to Kushner Cos. in May seeking details about its use of what’s known as the EB-5 program, according to the people, who asked not to be named because the requests weren’t public.

Jared Kushner is a senior adviser to President Donald Trump and is married to Trump’s daughter Ivanka, who’s also an assistant to the president. Kushner was chief executive officer of Kushner Cos. until he stepped down and divested some of his investments to family members when he joined the administration.

Christine Taylor, a Kushner Cos. spokeswoman, said in an emailed response that “as we said months ago, we are cooperating with all government requests for information about our past legal use of the EB5 program.” SEC spokeswoman Judith Burns didn’t immediately return an email seeking comment. John Marzulli, a spokesman for the Eastern District of New York, declined read more

New story in Business from Time: The Kushner Family’s Company Is Being Investigated Over Use of a Controversial Visa Program

U.S. regulators and prosecutors have requested information from the real estate development business run by Jared Kushner’s family over a program that allows wealthy foreigners to obtain visas for investing in American projects, said two people with direct knowledge of the matter.

The Securities and Exchange Commission and prosecutors for New York’s Eastern District issued subpoenas to Kushner Cos. in May seeking details about its use of what’s known as the EB-5 program, according to the people, who asked not to be named because the requests weren’t public.

Jared Kushner is a senior adviser to President Donald Trump and is married to Trump’s daughter Ivanka, who’s also an assistant to the president. Kushner was chief executive officer of Kushner Cos. until he stepped down and divested some of his investments to family members when he joined the administration.

Christine Taylor, a Kushner Cos. spokeswoman, said in an emailed response that “as we said months ago, we are cooperating with all government requests for information about our past legal use of the EB5 program.” SEC spokeswoman Judith Burns didn’t immediately return an email seeking comment. John Marzulli, a spokesman for the Eastern District of New York, declined read more

New story in Business from Time: Takata Adds 3.3 Million Air Bags to Massive Recall

(DETROIT) — Japanese air bag maker Takata is recalling an additional 3.3 million faulty air bag inflators as it expands the largest automotive recall in U.S. history.

The latest recalls cover frontal air bags in certain 2009, 2010 and 2013 vehicles made Honda, Toyota, Audi, BMW, Daimler Vans, Fiat Chrysler, Ford, General Motors, Jaguar-Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru and Tesla. Automakers will provide specific models in paperwork that will be filed later this month with the National Highway Traffic Safety Administration.

Notices of the expanded recalls were posted Saturday on the agency’s website.

Takata uses the chemical ammonium nitrate to create a small explosion and fill air bags quickly in a crash. But the chemical can deteriorate when exposed to high humidity and temperatures and burn too fast, blowing apart a metal canister. That can hurl hot shrapnel into unsuspecting drivers and passengers.

At least 20 people have been killed worldwide and read more

New story in Business from Time: Takata Adds 3.3 Million Air Bags to Massive Recall

(DETROIT) — Japanese air bag maker Takata is recalling an additional 3.3 million faulty air bag inflators as it expands the largest automotive recall in U.S. history.

The latest recalls cover frontal air bags in certain 2009, 2010 and 2013 vehicles made Honda, Toyota, Audi, BMW, Daimler Vans, Fiat Chrysler, Ford, General Motors, Jaguar-Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru and Tesla. Automakers will provide specific models in paperwork that will be filed later this month with the National Highway Traffic Safety Administration.

Notices of the expanded recalls were posted Saturday on the agency’s website.

Takata uses the chemical ammonium nitrate to create a small explosion and fill air bags quickly in a crash. But the chemical can deteriorate when exposed to high humidity and temperatures and burn too fast, blowing apart a metal canister. That can hurl hot shrapnel into unsuspecting drivers and passengers.

At least 20 people have been killed worldwide and read more

Facebook Bug Could Let Advertisers Get Your Phone Number

Facebook tells users that giving the company their mobile phone number will help keep their account secure. Until a few weeks ago, however, the social network’s self-service ad-targeting tools could be massaged into revealing a Facebook user’s cellphone number from their email address. The same flaw made it possible to collect phone numbers for Facebook users who had visited a particular webpage.

Facebook fixed the problems on Dec. 22, and paid a “bug bounty” of $5,000 to the team of academic researchers from the US, France, and Germany who had reported the problem at the end of May.

The potential to access users’ phone numbers was a clear breach of Facebook’s data-use policy. It states: “We do not share information that personally identifies you … with advertising, measurement or analytics partners unless you give us permission.”

Facebook says it has no evidence anyone took advantage of the flaw to obtain user phone numbers. It wasn’t easy to exploit. But the incident read more

How to Curb Silicon Valley Power—Even With Weak Antitrust Laws

Technology companies with unprecedented power to sway consumers and move markets have done the unthinkable: They’ve made trust-busting sound like a good idea again.

The concentration of wealth and influence among tech giants has been building for years—90 percent of new online-ad dollars went to either Google or Facebook in 2016; Amazon is by far the largest online retailer, the third-largest streaming media company, and largest cloud-computing provider. Silicon Valley titans coasted to the top of the economy with little government oversight on the backs of incredibly convenient products, a killer backstory, shrewd lobbying, and our personal data. They were allowed to grow unfettered in part because of a nearly-40-year-old interpretation of US antitrust law that views anticompetitive behavior primarily through the prism of the effect on consumers. In that light, the tech industry’s cheap products and free services fell somewhere between benign and benevolent.

Last year, though, the read more

Amazon, Facebook, and Google to Join Legal Battle Over Net Neutrality

Internet giants Amazon, Facebook, and Google plan to throw their collective weight behind efforts to save net neutrality.

The Internet Association, the industry’s primary lobbying organization, announced Friday that it plans to join lawsuits aimed at halting the Federal Communications Commission’s December action to repeal Obama-era net neutrality rules. Those rules banned internet service providers like Comcast and Verizon from blocking or otherwise discriminating against legal content online. The association represents dozens of smaller companies in addition to titans such as Google and Facebook.

Net neutrality supporters argue that agency’s plan is illegal under federal laws that prohibit “arbitrary and capricious” changes in regulations, and that the agency didn’t gather sufficient public input on its proposal to overturn its old rules.

“The final version of Chairman Pai’s rule, as expected, dismantles popular net neutrality protections for read more

New story in Business from Time: Apple Confirms All Macs and iOS Devices Are Affected by ‘Meltdown’ Chip Flaw

Apple Inc. said all Mac computers and iOS devices, like iPhones and iPads, are affected by chip security flaws unearthed this week, but the company stressed there are no known exploits impacting users.

The Cupertino, California-based company said recent software updates for iPads, iPhones, iPod touches, Mac desktops and laptops, and the Apple TV set-top-box mitigate one of the vulnerabilities known as Meltdown. The Apple Watch, which runs a derivative of the iPhone’s operating system is not affected, according to the company.

Despite concern that fixes may slow down devices, Apple said its steps to address the Meltdown issue haven’t dented performance. The company will release an update to its Safari web browser in coming days to defend against another form of the security flaw known as Spectre. These steps could slow the speed of the browser by less than 2.5 percent, Apple said in a statement posted on its website.

Apple shares rose less than 1 percent to $173.56 in early trading Friday in New York.

Intel Corp. on Wednesday confirmed a report stating that its semiconductors contain a vulnerability based read more

New story in Business from Time: Apple Confirms All Macs and iOS Devices Are Affected by ‘Meltdown’ Chip Flaw

Apple Inc. said all Mac computers and iOS devices, like iPhones and iPads, are affected by chip security flaws unearthed this week, but the company stressed there are no known exploits impacting users.

The Cupertino, California-based company said recent software updates for iPads, iPhones, iPod touches, Mac desktops and laptops, and the Apple TV set-top-box mitigate one of the vulnerabilities known as Meltdown. The Apple Watch, which runs a derivative of the iPhone’s operating system is not affected, according to the company.

Despite concern that fixes may slow down devices, Apple said its steps to address the Meltdown issue haven’t dented performance. The company will release an update to its Safari web browser in coming days to defend against another form of the security flaw known as Spectre. These steps could slow the speed of the browser by less than 2.5 percent, Apple said in a statement posted on its website.

Apple shares rose less than 1 percent to $173.56 in early trading Friday in New York.

Intel Corp. on Wednesday confirmed a report stating that its semiconductors contain a vulnerability based read more

New story in Business from Time: The One Trick to Starting a Side Hustle No One Ever Tells You

If you’re starting a side gig—or dreaming of starting one—finding time to get it off the ground can be tricky. But look at this email exchange from my days as an employee:

Subject: Today

Good morning. Sorry but I need to take a personal day today. I have a 2:30 p.m. meeting, which I have just rescheduled for Thursday. I also have email access and will be aware if anything happens with X client. If you need anything urgent, please call my cell.

See you tomorrow.

Warmly,

Susie

Response: “No worries. See you tomorrow, Susie!”

Well, well, well. Look what happens when you take a day off work. Nothing. Surprisingly for me that day, no one died. Funnily enough, it also did not make the 6 p.m. news. Hoda Kotb didn’t call me for an interview and the guy from Dateline didn’t show up on my doorstep with his camera crew.

Let’s get real for a minute here. Say you wanted to take one or two days off work to do some research on your side hustle, bang out some read more