Must Read Money Stories for Wednesday, April 13

by April 13, 2016

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Dilma drama in Brazil

Yesterday, a congressional committee voted to recommend impeachment of the embattled Brazil President Dilma Rousseff. Rousseff is in the center of a major corruption scandal plaguing the South American country. A full congressional vote is set for April 17. If Brazil’s Congress approves the measure, she’d be suspended in her roles until the senate voted on the issue. Ahead of the committee vote, Rousseff accused her vice president of a coup attempt, Bloomberg reported.

Facebook’s Mark Zuckerberg and the F8

Facebook hosted its annual F8 conference Tuesday. Venture Beat covered the event and noted some of the key announcements from the social media behemoth: It’s exploring a beta testing of chatbots for Facebook messenger; it’s launching a satellite geared at democratizing the internet; and it’s definitely on the virtual reality and 360 video bandwagon. Zuckerberg also took what CNN Money thinks was a swing at GOP presidential candidate Donald Trump during his keynote.

Starbucks rewards

Starbucks is revamping its rewards program, switching from frequency of visits to how much a customer spends at the coffee giant, according to CNN Money. The move will mostly impact the customer who just drinks a regular cup of joe. CNN Money looked into customer reactions pitting what the company claims customers requested against loud outcries on social media. More than 500,000 Starbucks drinkers have signed up for the new plan, according to the company.

Money and space

Russian billionaire Yuri Milner, with support from Cambridge physicist and cosmologist Stephen Hawking, is investing in deep space research, to the tune of $100 million. Milner announced yesterday he’s investing in “Breakthrough Starshot,” a plan to research stars in neighboring solar systems. Scientific American describes the proposal as sticking “all the key components of a robotic probe…into tiny gram-scale “nanocrafts.”” This isn’t science fiction. Probes traveling at “20 percent of the speed of light” would get there and send back pictures and data about nearby solar systems.

Best-Ever Snapshot of a Black Hole’s Jets” by Flickr userNASA Goddard Space Flight Center. Creative Commons license CC by 2.0.