VW: Engine Factories Turn Into EV Battery Plants

Volkswagen is investing in electric vehicles more than other legacy car makers in the U.S. WSJ goes inside an engine factory that is being transformed into a battery plant as the German giant looks to change its image and become a rival to Tesla. Photo illustration: George Downs

Analysis: U.S. Newspapers Owned By Hedge Funds

As Covid-19 ran rampant across the United States in 2020, local newsrooms across the country cut back—even as they covered the biggest story in decades. “As far as readers, we saw that skyrocket during the pandemic,” Emma Way, editor at Axios Charlotte, told CNBC. “So at the same time that revenue was falling, readers were spiking. It was kind of this dilemma that I’m sure a lot of news organizations faced.” Reporters were laid off and furloughed. Some who stayed were offered buyouts. It was a catastrophic and uncertain time for American newsrooms. During the pandemic, more than 70 local newsrooms closed across the country. This includes newspapers that have served their communities for decades. Often, these papers are shut with little notice. But the problem existed long before the pandemic. Since 2004, about 1,800 U.S. newspapers have closed. Newspapers have struggled to make money with the collapse of print advertising as readership moved online. Then, the digital advertising market quickly became dominated by tech companies like Google and Facebook. Today, some of the largest newspaper groups in the country —such as Tribune, McClatchy and Media News Group — are owned, controlled by or in debt to hedge funds or private equity groups. In fact, hedge funds and other financial firms control half of the daily newspapers in the United States, according to a recent analysis by the Financial Times.

Walks: Friedrichshafen – Bodensee, Germany (4K)

Friedrichshafen is a city on the shore of Lake Constance (Bodensee in German) in southern Germany. It’s known for its importance in aviation history, extensively documented in the Zeppelin Museum. Cafes dot its lakeside promenade. A steel tower on the lake’s pier offers views of the city and the Alps. The domed baroque towers of the Palace Church dominate the skyline, and are visible from the air on Zeppelin tours.

News: Top 5 Stories For June 11, 2021 (Reuters)

Five stories to know for June 11: Boris praises Biden, G7, Sea shanties, Infrastructure deal and Ethiopia’s Tigray

1. UK Prime Minister Boris Johnson hailed U.S. President Joe Biden as “a big breath of fresh air,” and praised his determination to work with allies on important global issues.

2. Biden faces lingering doubts about America’s reliability as a partner. Leaders from the Group of Seven advanced economies, NATO and the European Union are worried about the pendulum of U.S. politics swinging yet again, and are looking for concrete action.

3. Strolling down the Prince of Wales pier in Falmouth in southwest England, local sea shanty group Bryher’s Boys belt out a rendition of the traditional Cornish song “Lamorna” to the delight of onlookers.

4. A bipartisan group of 10 U.S. senators said it had reached agreement on a framework for a proposed infrastructure spending bill that would not include any tax increases.

5. More than 350,000 people in Ethiopia’s Tigray are suffering famine conditions, with millions more at risk, according to an analysis by United Nations agencies and aid groups.

African Views: Lions Hunt Buffalo In Tanzania

In Tanzania’s Ruaha National Park, water is hard to come by in the dry season. Without it, animals like buffalo will die. And so they’ll do anything for a drink – even take on a pride of hungry lions.

In stunning footage of an exciting chase, we show you lions’ hunting techniques – and how it’s possible even for these experienced predators to make mistakes. Who will be the winner in the end?

Swiss Views: Coaster Ride In Oeschinensee (5K Video)

A winding toboggan run down a grassy mountainside, with panoramic Alpine views en route.

Kandersteg is a high-altitude resort village in the Bernese Oberland region of Switzerland. Trails, like the challenging Allmenalp, and a cable car head east to Lake Oeschinen. Set at the foot of the Blüemlisalp massif, the lake is also a popular ski area, as is Sunnbüel to the southwest. In the forested Blausee Nature Park to the north, Blausee is a small, trout-filled lake fed by subterranean springs. 

Cities & Architecture: Nagoya – Japan (Video)

Focus in on the picturesque architecture of Nagoya, a city that reflects the past, present and future of Japan.

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Nagoya, capital of Japan’s Aichi Prefecture, is a manufacturing and shipping hub in central Honshu. The city’s Naka ward is home to museums and pachinko (gambling machine) parlors. Naka also includes the Sakae entertainment district, with attractions like the Sky-Boat Ferris wheel, which is attached to a mall. In northern Naka is Nagoya Castle, a partly reconstructed 1612 royal home displaying Edo-era artifacts.