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Auction site eBay, which owns PayPal, is buying the online and mobile payment company Braintree for $800 million — an acquisition that eBay's CEO calls "a perfect fit."

The deal, announced Thursday, could help eBay as it tries to convince customers to ditch their credit and debit cards and use PayPal instead.

"Braintree is a perfect fit with PayPal," eBay Inc. President and CEO John Donahoe said in a statement.

It's time for the weekly roundup of what happened here on All Tech and on our airwaves, and a look back at the big conversations in technology.

ICYMI

"Joy Covey, who helped take Amazon.com Inc. public as the Internet retailer's chief financial officer, died Wednesday when her bicycle collided with a van on a downhill stretch of road in San Mateo County," the Los Angeles Times writes.

She was 50.

JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.

As we wrote earlier this week when word of the pending settlement first emerged, this all:

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

The U.S. renaissance in energy, manufacturing growth, and the rebound of the automotive industry are bringing about opportunities for investors.  Make sure you catch this video in which Joe Chornyak discusses what he's hearing from portfolio mangers regarding our energy and manufacturing future.

Erin Ford graduated from the University of Texas two years ago with a bachelor's degree in petroleum engineering. Recruiters came to campus to woo her. She got a paid summer internship, which turned into a full-time job after she graduated. Now, at age 24, she makes $110,000 a year.

Michael Gardner just graduated from City College in New York with a degree in psychology. He applied for more than 100 jobs, had trouble getting interviews and worked at Home Depot to make ends meet.

The beauty of the Internet — and the reason for its ubiquitous place in our lives — is that just about anyone can use it to offer services, products or information. But the link between what's out there on the Internet, how fast it gets to us and how much data can get to us is dependent on Internet service providers and the rules that govern them. That's where things get thorny for the principle of net neutrality.

If your eyes are already glazing over, consider this: This debate could affect the speed, quality and cost of your Hulu or Netflix binge-viewing.

EcoATMs take old cellphones, MP3 players and tablets in exchange for cash. But the automated kiosks, operating 650 machines in 40 states, are getting bad reviews from police, who are concerned the machines are a magnet for thieves.

The transaction is fairly simple. The machine walks you through the process, scanning your ID to certify you're over 18 and verify your identity. An ecoATM employee inspects the transaction remotely in real time. Once the seller's identity is verified, the kiosk takes the device and assesses its value. You get the cash, and the device is recycled.

The nation's jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.

The figures were roughly in line with what economists had been expecting to hear.

Here's why Microsoft says its $7.2 billion deal to buy Nokia's smartphone business as well as that company's patents and services makes sense.

"It all starts with the phone," writes PCWorld, in a piece that analyzes why "the phone is key to everything."

According to the magazine:

The U.S. economy expanded at a 2.5 percent annual rate in the second quarter, the Bureau of Economic Analysis said Thursday.

Organizers say workers at fast-food restaurants in cities across the nation will walk off their jobs Thursday in what's expected to be the largest such strike so far, The Associated Press writes.

As the wire service adds:

Seattle-based coffee giant Starbucks has announced it's going to expand to Colombia.

The country is known for its Arabica beans and for the mythical coffee farmer Juan Valdez. He's helped sell Colombia's coffee for 50 years. Starbucks has cafes in 50 countries. And now, it's coming to perhaps the country most associated with coffee.

Howard Schultz, the company's chief executive, announced that the first shop will open in Bogota in 2014, followed by 50 more cafes and in other cities over five years.

When you go to the Dead Sea for a float in its extraordinarily buoyant waters, signs warn you not to drink a drop. "Did you swallow water?" one Dead Sea do's and don'ts list asks. "Go immediately to the lifeguard."

In its first "Global Government Requests Report," Facebook has released details on the number of requests it has gotten from government agents for user data.

Facebook reveals that governments around the globe have made 38,000 total requests for user data in the first half of 2013, and the U.S. dwarfs the rest of the world in requests. Up to June 30, the U.S. government asked Facebook for access to accounts of between 20,000 and 21,000 users, the company said.

Facebook has more than 1.1 billion users globally.

It's been a good year for Tesla Motors, the luxury electric car maker, particularly in California, where it's selling more cars than Porsche, Jaguar, Lincoln, or Buick. In 2013, the company has sold 4,714 cars in the state, according to the California New Car Dealers Association.

Here's a rundown of the state's vehicle sales rankings:

  • Tesla: 4,714
  • Porsche: 4,586
  • Land Rover: 4,022
  • Volvo: 2,982
  • Lincoln: 2,230

Two key economic indicators — home prices and consumer confidence — both seem to signal that slow, steady economic growth lies ahead.

Tuesday's reports:

-- Confidence. The Conference Board's widely watched consumer confidence index increased only slightly in August, to 81.5 from 81 in July, the business research group says.

First Female Member Of New York Stock Exchange Dies

Aug 26, 2013

The first woman to buy a seat on the New York Stock Exchange and head one of its member firms has died.

Muriel "Mickie" Siebert died Saturday in New York at age 80, The New York Times reports. The cause was complications of cancer.

Here's more from The Times:

Social Security Rules and Strategies

Aug 23, 2013
money.cnn.com

We often get questions about Social Security rules and strategies. Commonwealth Financial Network provides some excellent advice about when to apply for Social Security.  Don't miss it.  

We told you recently about new allegations of violations at three Chinese factories that make Apple's popular iPhones and iPads. Now, we have more allegations of labor violations – this time against Apple's main rival, Samsung, and its operations in Brazil.

Six years ago, the U.S. housing market plunged off a cliff. Now prices are bouncing back up — sharply in many markets.

That has some real estate analysts saying 2013 may mark the turning point — when pent-up demand will revive the housing sector and boost the broader economy.

At a time when much of the world is mired in economic torpor, China still enjoys enviable growth rates. Yet there's no question that its economy is growing more slowly these days.

Just ask Yan Liwei, a salesman for a construction materials company, who was visiting a park in Shanghai this weekend.

"The number of new construction projects is declining somewhat. It's taking longer for many of our clients to pay us what they owe," Liwei says. "Many small and midsized developers are feeling a cash crunch."

After Monday's surprising news that Amazon.com founder Jeff Bezos is buying The Washington Post for $250 million — a deal that came just days after the Boston Globe was sold for $70 million to Boston Red Sox owner John Henry — a question naturally occurs:

Who's next?

With sizzling temperatures in much of the country, tourists are turning to mountain ski resorts to find relief. Resorts from Colorado to California and Oregon are on track to set a record this year for summer business.

Brandon Wilke is spending a long weekend at a resort just down the road from Aspen, Colo. He came for a wedding, but Wilke and his brother-in-law decided to bring their mountain bikes and try out some bike trails at the Snowmass ski resort. At first, Wilke says he didn't know mountain biking was an option.

The New York Times Co. has announced the sale of The Boston Globe to the principle owner of the Boston Red Sox for $70 million, a sum that represents a fraction of the $1.1 billion paid for the flagship newspaper two decades ago.

It's finally happening, folks. This year, the average time Americans spend with digital media each day will surpass traditional TV viewing time. That's according to eMarketer's latest estimate of media consumption among adults.

The average adult will spend more than five hours per day online and on non-voice mobile activities (read: texting, apps, games). That's compared to an average four hours and 31 minutes each day of TV watching.

The unemployment rate only includes people who don't have jobs and are looking for work. A much larger swath of people — about 36 percent of U.S. adults — don't have jobs and aren't looking for work at all. That figure is higher than it's been in decades (and, conversely, the share of adults in the labor force — shown in the graph above — is lower than it's been in decades).

Here are four reasons why so many people are leaving the labor force.

1. They're retiring.

The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data released Wednesday morning. The Commerce Department says the rise stems from business investments, particularly in buildings, and an upturn in exports and the civilian aircraft industry.

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