The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change”, according to President Joe Biden, who will sign the bill into law later on Tuesday. Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar […]
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U.S. House and Senate lawmakers said Thursday they have chosen negotiators to hammer out a deal on a bill to provide $52 billion in government subsidies for semiconductor production after months of discussion. House Speaker Nancy Pelosi, a Democrat, and Republican House Leader Kevin McCarthy named about 80 House lawmakers including the chairs and top […]
In the past year, centralized and decentralized currencies alike witnessed extensive market growth, and their popularity among the public has grown along the way. On March 9, 2022, U.S. President Joe Biden issued an executive order on cryptocurrencies, sketching an inclusive governmental approach to deal with probable risks related to the significant evolution in digital assets, emphasizing cryptocurrencies. […]
U.S. President Joe Biden met with executives of chipmakers including Samsung, Micron and other companies on Wednesday as part of an effort to push the U.S. Congress to fund $52 billion in grants to chipmakers to ease the semiconductor crunch. Biden, along with Commerce Secretary Gina Raimondo, hosted the event with Dr. Siyoung Choi, president […]
Three U.S. states, Washington, Texas, Indiana, and the District of Columbia filed a lawsuit against Google’s parent company, Alphabet Inc., for “deceptive” location-tracking misconduct, embarking into users’ privacy. “Google falsely led customers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company […]
Greeks over 60 who refuse coronavirus vaccinations could be hit with monthly fines of more than one-quarter of their minimum pensions — a get-tough policy that the country’s politicians say will cost votes but save lives. Weekly protests in the Netherlands over the country’s 5 p.m. lockdown and other new restrictions have descended into violence, […]
Ex-Facebook employee and whistleblower Frances Haugen implored lawmakers Wednesday to avert the usual congressional stalemates as they weigh proposals to curb abuses on social media platforms by limiting the companies’ free-speech protections against legal liability. Still, Haugen urged caution in making changes to the 1996 law that provides legal protection both for content the platforms […]
Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas have captured official attention in the U.S., Europe, U.K. and Australia as controversy has enveloped Facebook — which on […]
Most Americans don’t believe their personal information is secure online and aren’t satisfied with the federal government’s efforts to protect it, according to a poll. The poll by The Associated Press-NORC Center for Public Affairs Research and MeriTalk shows that 64% of Americans say their social media activity is not very or not at all […]
Groundbreaking legislation is advancing in Congress that would curb the market power of tech giants Facebook, Google, Amazon and Apple and could force them to untie their dominant platforms from their other lines of business. Hostility toward Big Tech has grown in recent years with the belief that its size and swagger have stifled competition, […]