As the coronavirus pandemic exposes educational inequality throughout the United States, LEGO is looking to revamp the way digitally disadvantaged elementary and middle school students learn via a new 'purposeful play' program funded by leaders in tech and education.
Esben Staerk, LEGO Education president, explained that the toy company division has joined the 'Creating Learning Connections' initiative meant to ensure every student has "access to quality devices and quality internet connection."
In partnership with CDW-G, GE, Intel, and First Book, the initiative poured $7 million into the fund to develop tools and products that guide teachers and entice students to engage with their learning materials.
"The pandemic has exacerbated the divide. A recent study by First Book actually indicates that around 40 percent of students lack access to quality devices and almost 40 percent lack access to quality internet connections," Staerk said.
The physical aspect of LEGO Education's learning tools, according to Staerk, makes learning fun and is a better source for information retention.
"All the LEGO Education solutions are based around hands-on learning, and they're based around a playful learning or learning to play approach," he explained.
As parents and teachers express having difficulties with children learning from home, Staerk said the purposeful play program isn't just meant to level the educational playing field but also to "make sure that these communities and these students are engaged in their learning."
For Staerk, the choice to join an equal education initiative was easy since the importance of access to quality education is essential for the ability to be "life-long learners," he noted.
"It's important that we spark student creativity, their problem solving, their critical thinking, but not least, also build their confidence in learning and their resilience," Staerk added.
After a two-week delay of 5G deployment at airports due to the airline industry's claims it will cause "catastrophic disruption," AT&T and Verizon are set to roll out the service on January 19. Michael Boyd, CEO of aviation consultancy Boyd Group International, joined Cheddar to discuss the concerns being voiced by the airlines. "If the airline industry thinks it's going to be something to disrupt our system or impair safety, it shouldn't roll out at all, period," Boyd said, noting that the telecom giants should rethink the activation over safety and security.
Breakthrough Energy Catalyst, a private-public fund backed by Bill Gates, is planning to invest up to $15 billion in clean technology initiatives across the U.S., UK, and European Union. It will target four key areas and help fund large projects that otherwise would not be financially possible. Bobby Hollis, Director of Breakthrough Energy Catalyst, joins Cheddar News' Closing Bell to discuss.
An economic development agency, the Northwest Arkansas Council, is looking to draw technology professionals to their region of the Southern state with incentives like $10,000 worth of Bitcoin and a new bicycle. Nelson Peacock, president and CEO of the private nonprofit made up of companies like Walmart and Tyson Foods, joined Cheddar to talk about the program to further power his local economy. "By offering the payment in Bitcoin, we're looking to identify those people with interest and expertise in the underlying technologies, the blockchain technologies," he said.
After months of investors turning to crypto as a hedge against inflation, instead of the traditional hedge of gold, one crypto exchange is working with a token creator to launch a digital coin backed by a physical asset. GCOIN gives customers a digital title of ownership to 99.99% pure physical gold which is stored in a secured vault. Brent de Jong, GCoin's founder and Kristin Boggiano, Co-Founder and President of CrossTower, a cryptocurrency exchange, join Cheddar News' Closing Bell to discuss the GCOIN rollout, customer interest, why crypto is used as an inflation hedge, and more.
Retail platform operator and delivery company, Foxtrot,
raised $100 million in a Series C round led by D1 Capital Partners. Foxtrot bills itself as the modern convenience store that combines what it calls in-store curated discovery with 30-minute delivery and 5-minute pickup. Since launching first as a digital-only delivery service, the company has since grown into a popular local retailer, opening 16 brick and mortar locations across Chicago, Dallas, and Washington, DC. Foxtrot co-founder and CEO Michael LaVitola joined Cheddar News' Closing Bell to discuss.
The January 6 committee has subpoenaed four tech giants for more information on what they did and didn't do leading up to last year's deadly Capitol insurrection. Google, Facebook, Twitter, and Reddit were asked to assist the investigation in August, but the committee says their responses have been 'inadequate.' Craig Timberg, a national technology reporter at the Washington Post, joins Cheddar News' Closing Bell for more details about the subpoenas, why this is happening now, and how it might impact social media companies moving forward.
