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Korean Air CEO fires his own daughters from their executive roles

  • One of the women, Heather Cho, became the focus of international outrage four years ago during the 'nut rage' scandal when she abused cabin crew staff over how she was served macadamia nuts on a Korean Air flight.
  • The water scandal reignited frustration in South Korea with family-run conglomerates, known as "chaebol." Many South Koreans are tired of what they see as corrupt and entitled behavior by rich chaebol members, especially the second- or third-generation children of the company founders.
  • Heather Cho served five months of a one-year prison sentence over the 2014 'nut rage' incident after a Korean court found her guilty of violating aviation law.
  • Last year, a massive political corruption scandal engulfed Samsung, Hanjin Group, the parent company of Korean Air, and other giant conglomerates.

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5 things you need to know today

  • Nashville's hailing a hero and looking for a shooter after a gunman killed four people in a rampage at a Waffle House.
  • Here's what happened: A nearly naked man opened fire early yesterday morning in a Waffle House in Nashville's Antioch neighborhood.
  • President Trump will make that demand of North Korean leader Kim Jong Un when the two meet in late May or early June, the Wall Street Journal reported.
  • President Daniel Ortega scrapped a controversial pension reform plan after days of sometimes violent demonstrations that killed dozens.
  • Looks like the drive to get the late boxer Jack Johnson a pardon picked up a big-time supporter: the President of the United States.
  • President Trump tweeted that he was weighing whether or not to grant a posthumous pardon to Johnson, the first African-American world heavyweight boxing champion.

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Stop looking for ‘the one’ on dating apps, Hearst exec Joanna Coles says

  • If you want to meet and date more people, then dating apps are a great “arrow in your quiver,” says former Cosmopolitan editor in chief Joanna Coles.
  • Now the chief content officer at Hearst (the publisher of Cosmo), Coles is the author of a new book, “Love Rules: How to Find a Real Relationship in a Digital World.” She told Recode’s Kara Swisher that her research for the book turned up story after story of prolonged digital flirtations that ended after one in-person meeting.
  • If you like what we’re doing, please write a review on Apple Podcasts — and if you don’t, just tweet-strafe Kara.
  • Sign up for our Recode Daily newsletter to get the top tech and business news stories delivered to your inbox.

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Heptio launches Gimbal to help enterprises load balance Kubernetes and OpenStack

  • Heptio and Yahoo Japan subsidiary Actapio today announced a new open source project called Gimbal that aims to help enterprises load balance network traffic in hybrid environments, including Kubernetes clusters and OpenStack deployments.
  • The new software will help route requests between multi-tenant Kubernetes clusters and legacy OpenStack environments, something that’s important for enterprises that want to keep their existing technology deployments running while developing new applications.
  • According to Heptio cofounder and CEO Craig McLuckie, the project is designed to replace costly hardware and software load balancers that enterprises use today.
  • Actapio turned to Heptio to help with the deployment of Kubernetes but didn’t want to rip out its investments in existing technologies.
  • Gimbal is also designed to replace cloud providers’ native load balancers, so companies can build applications that rely on open source software rather than proprietary offerings.

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How many hours it takes to turn an acquaintance into a friend

  • For the first part of the study, Hall recruited 429 online volunteers who had moved to a new city in the past six months and asked them to pick a person they'd met since relocating.
  • Participants then filled out a survey about their relationship with this new person: how long ago they'd met, what they did when they hung out, how much time they'd spent together over the past week and how much time in a typical week.
  • In the second part of the study, Hall administered a similar survey to a group of 112 new college freshmen, asking them to pick two new people they'd met so far on campus and track the time they spent together over several weeks, rating their closeness at several points along the way.

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Dozens of Chinese tourists killed in North Korea traffic accident, government says

  • A further four North Koreans also died in the accident, according to Chinese foreign ministry spokesman Lu Kang.
  • Chinese visitors account for the vast majority of all foreign tourists to North Korea, with many traveling across the border from the Chinese city of Dandong.
  • While concrete figures are hard to come by, the number of Chinese visitors to North Korea could be as high as 100,000 a year, said Simon Cockerell, general manager of Koryo Tours, one of the major tour operators for non-Chinese visitors to North Korea.
  • By comparison, between four and five thousand non-Chinese tourists visit each year, said Cockerell.
  • Last month North Korean leader Kim Jong Un met his Chinese counterpart, Xi Jinping, on his first official visit outside the country, and will follow it up this week with a bilateral meeting with South Korean President Moon Jae-in at the Demilitarized Zone (DMZ).

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Some Southwest flights canceled due to engine inspections

  • After the incident, Southwest Airlines said it was accelerating its existing engine inspection program relating to the CFM56 engine family "out of an abundance of caution" over the following 30 days.
  • Southwest said its cancellations were the result of a "voluntary, accelerated engine fan blade inspection program" rather than inspections ordered by US and European aviation authorities.
  • The US Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) each issued an emergency airworthiness directive on Friday requiring airlines to perform an ultrasonic inspection of certain CFM56-7B engines within 20 days.
  • The FAA and EASA directives came on the same day that the engine manufacturer, CFM International, issued a service bulletin recommending the CFM56-7B engine be inspected more frequently.
  • Another 2,500 engines will be impacted by the recommendation to inspect fan blades with 20,000 cycles by the end of August, CFM International said.

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Taiwan Aims to Enforce Cryptocurrency Regulations by November

  • Taiwan’s Minister of Justice, Qiu Taisan, has called for cryptocurrency regulations to be in place by November in the interest of preventing money laundering.
  • Qui Taisan said the country’s Ministry of Interior, the Central Bank, the Bureau of Investigation and other entities will be involved in determining how to regulate bitcoin.
  • Qui Taisan was interviewed during the financial industry money laundering conference held by the Taiwan Financial Services Coalition, according to the Central News Agency.
  • The department will be knowledgeable about “control mechanisms” prior to the Asia Pacific Anti-Money Laundering Organization in Taiwan at the end of November.
  • Instead, the head of Taiwan’s financial regulator pledged to adopt a friendlier stance to support the development and adoption of both cryptocurrencies and blockchain technology in the country.
  • Last month, the new governor of Taiwan’s central bank, Yang Chin-long, expressed “uncertainty” over cryptocurrencies’ function as a payment instrument.

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Trump's score-settling creates jarring contrasts

  • But it was also difficult to imagine that at some future event, Trump would fit in so well with the Bushes, Clinton and Obama — not least because he has spent so much time personally attacking several of his predecessors.
  • Trump's desire for recognition and respect — that seems odd in someone who is already commander-in-chief -- also shone through the contemporaneous memos of former FBI Director James Comey that became public on Thursday after they were sent to three House committees by the Justice Department.
  • Comey's account of Trump's demands for loyalty from his FBI chief are consistent with the unflattering picture of Trump that he paints in his new book "A Higher Loyalty." But they also show a President acting in a way that is far removed from "normal" protocol usually adopted by someone in his position.

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Massive manhunt for Waffle House shooting suspect

  • The Tennessee Bureau of Investigation has added 29-year-old Travis Reinking to its "Top 10 Most Wanted" list after he allegedly opened fire at the restaurant in Antioch, southeast of Nashville at 3:19 a.m. Reinking's alleged motive is unknown and authorities warn that he may still be armed with a rifle and a hand gun.
  • Reinking said he wanted to meet with US President Donald Trump and told a Secret Service officer at the northeast entrance that he was a "sovereign citizen" who had a "right to inspect the grounds," according to a Metropolitan Police Department incident report dated July 7, 2017.
  • Reinking arrived at the Waffle House wearing nothing but a green jacket, Metro Nashville Police spokesman Don Aaron said.
  • Reinking then got out of his pickup, wielding an "assault-type rifle," and fatally shot two people outside the Waffle House, police said.

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