Tag Archive : Congress

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In response to past crises, investments in physical infrastructure have helped the United States recover and thrive after significant challenges. After both the Great Depression and the Great Recession, for example, increased investment in transportation infrastructure was a key part of bringing the American economy back from disaster.  

The COVID-19 pandemic and its attendant economic crisis requires a similarly significant response, but it also asks of lawmakers to consider what is next. We can’t just invest in highways—we also need to invest in the technology underpinning the information superhighway. To rebuild from one of the greatest challenges of our time, the United States must invest both in physical and digital infrastructure to secure its recovery.

For the last few years, both Democrats and Republicans have called for major infrastructure investments, only for them not to materialize. These efforts to fund infrastructure investment have focused on the physical world—highways, railroads, bridges.

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The House Judiciary Committee just released its antitrust report which states that Amazon, Apple, Facebook and Google have become gatekeepers sitting on supra-competitive profits and unchecked, significant and durable market power. The simple question of how much do technology firms actually earn is non-trivially difficult at this point. Partly because U.S. accounting rules treat research and development (R&D) and Selling, General and Administrative (SGA) outlays as expenses that depress the reported accounting return on assets (ROA). This is despite the fact that R&D and SGA increasingly contain substantial investments in intangible assets. 

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WASHINGTON — Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to sever their dominant platforms from their other lines of business and imposing new uniformity on the terms they offer users.

The proposals in a report issued Tuesday follow a 15-month investigation by the House Judiciary Committee’s antitrust subcommittee, chaired by Rhode Island Democrat David Cicilline, into the companies’ market dominance.

Those kinds of forced breakups through a legislative overhaul would be a radical step for Congress to take toward a powerful industry. The tech giants for decades have enjoyed light-touch regulation and star status in Washington, but have come under intensifying scrutiny and derision over issues of competition, consumer privacy and hate speech.

The 450-page report offers Congress a possible roadmap for action, potentially with a new balance of political power in Congress and a new president next year.

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Rep. David Cicilline (D-RI) thinks antitrust regulation of Big Tech companies like Amazon, Apple, Facebook, and Google is going to be tough, and in order to pass meaningful reforms that rein in the power of Big Tech companies, Congress will need the help of the American people. Cicilline is chair of the antitrust subcommittee in Congress and spoke Sunday as part of a Yale University School of Law conference about antitrust ahead of the anticipated release of what Cicilline calls the most extensive antitrust law reform investigation by Congress in more than 50 years.

Identifying anticompetitive behavior by big companies is pretty easy, he said, but developing solutions and gathering the necessary political support for reform is the challenge.

“We’re going to have to combat companies that have an enormous stake in maintaining the status quo, which has been enormously profitable for them, and so this will be a big

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The official website of the 13th National Congress of the Communist Party of Vietnam (CPV) was launched on October 3, at daihoi13.dangcongsan.vn.

The website, built and operated by the Communist Party of Vietnam Online Newspaper, will update the latest news about Party congresses at all levels and the 13th National Party Congress. The news will be published in Vietnamese, English, French, Chinese, Spanish and Russian.

Speaking at the launching ceremony, member of the Party Central Committee’s Secretariat Tran Quoc Vuong said Party congresses at the municipal and provincial level are underway, and the 13th National Party Congress is scheduled to take place in the first quarter of 2021.

He suggested the website serve as a forum to collect and respond to public feedback on Party congresses and draft documents to be submitted to the 13th National Party Congress, resolutely fight and reject wrongful allegations and sabotage plots by hostile forces.

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 Sen. Roger Wicker (R-MS), Chairman of the Senate Committee on Commerce, Science, and Transportation, arrives for a hearing on May 6 in Washington, D.C.

Sen. Roger Wicker (R-MS), Chairman of the Senate Committee on Commerce, Science, and Transportation, arrives for a hearing on May 6 in Washington, D.C.

Less than a week before the 2020 presidential election, three of the biggest names in tech—Facebook CEO Mark Zuckerberg, Google CEO Sundar Pichai, and Twitter CEO Jack Dorsey—will testify before the Senate Committee on Commerce, Science, and Transportation about a longstanding law that protects websites from liability for user-generated content.

The committee unanimously voted to subpoena the men on Thursday. They’re scheduled to testify on Oct. 28, according to committee aides who spoke with Politico on Friday on the condition of anonymity. While the subpoenas are ready to go out, they will not be formally issued because the CEOs have voluntarily agreed to appear before the committee, one aide told the outlet.

Their testimony will address Section 230 of the Communications Decency Act, a

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  • Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, and Sundar Pichai, CEO of Google parent Alphabet, have agreed to testify before Congress on October 28.
  • Twitter said in a tweet Friday that Dorsey had “voluntarily agreed to testify,” while calling for “reasoned and productive debate” over “reactionary and politicized attempts to erode #Section230.”
  • The Washington Post reporter Tony Romm earlier reported that Zuckerberg and Pichai had agreed to appear as well, while a Facebook spokesperson confirmed Zuckerberg’s appearance with Business Insider.
  • The Senate’s Commerce, Science and Transportation Committee is holding the hearing, where lawmakers will question the executives over Section 230, a legal protection for internet companies that has come under fire from both sides of the aisle.
  • Visit Business Insider’s homepage for more stories.

The heads of Facebook, Google, and Twitter have all agreed to testify before Congress about social media regulation on October 28, just days before the

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