Last night, Democrats claimed the majority in the House of Representatives, and Republicans were able to keep a stronghold over the Senate, making some minor gains. The new Congress is still taking shape, with leadership elections to be held next week and a few more months before the next congressional term truly begins. All bills introduced this past Congress will be killed once January rolls around, so the new Congress will be starting from a blank slate. With power divided in Congress, lawmakers will be forced to compromise in order to pass anything. Legislation that would regulate automated cars, set rules regarding data privacy, or even fund President Donald Trump’s Space Force would require members to reach across the aisle, forging new alliances with new priorities. It’s hard to say exactly how those priorities will shake out, but here’s our best guess about how the results of the 2018 midterm elections might change the key policies we’ve got our eye on. … [Read more...] about What the new Congress means for space, self-driving cars, and regulating Facebook
Rules and regulations
Alyssa Pagano, provided by Published 11:28 am, Friday, May 4, 2018 Photo: Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Getty Images Jeff Bezos on breaking up and regulating Amazon 1 / 1 Back to Gallery Amazon CEO Jeff Bezos and Axel Springer CEO Mathias Döpfner discuss the need to regulate large tech companies, the possibility of breaking up Amazon, and the importance of scrutinizing big institutions. Following is a transcript of the video. Döpfner: But, your most prominent critic at the moment is the President of the United States. People are even saying that he may be willing to prepare initiatives to break upAmazon, because it's too big, it's too successful, it's too dominant in too many sectors, or for varied other reasons, including the fact that he doesn't like the "Post". Is this … [Read more...] about Jeff Bezos on breaking up and regulating Amazon
You've found your dream home. The contracts are signed. The bags have been packed and the delivery truck has just set off. The thought of making a will is hardly high on your to-do list but those who know a thing or two about inheritance say it should at least be on that list. Obviously give yourself some time to unpack and enjoy a glass of rosé in the garden but then it's worth thinking about your inheritance and where it will end up, especially if you are going to become resident in France. "A lot of people just concentrate on buying their dream property but don't anticipate anything after that, but it could end in disaster," Christophe Dutertre, a qualified notaire from the company France Tax Law, told The Local. "Really you should make a will within six months of officially being a French resident in France," Dutertre says. "But many people aged 35 to 40 who move over don't think about it. In other words people need to make sure they have a will in place just in case the … [Read more...] about ‘Don’t wait to make that will’: Know your inheritance rules and taxes in France
WASHINGTON (Reuters) - The head of the Office of the Comptroller of the Currency (OCC) said on Monday it will publish its position on a proposed charter for online lenders and other so-called fintech companies in the next three months. FILE PHOTO: Joseph M. Otting speaks after being sworn in as Comptroller of the Currency in Washington, U.S., November 27, 2017. REUTERS/Joshua Roberts The fintech community has been watching closely to see if Joseph Otting, appointed U.S. Comptroller of the Currency in November, would push ahead with a charter to allow fintech firms to do business nationwide that was first announced in 2016 by his predecessor Thomas Curry. Otting said at a conference in Washington hosted by the Independent Community Bankers of America that the regulator was aiming to publish its position on the charter within the next 60 to 90 days. “We haven’t concluded on the position and we welcome people’s feedback. But I would say that if we did allow … [Read more...] about U.S. regulator to publish fintech charter position in next few months
By Larry Magid | [email protected] | PUBLISHED: March 28, 2018 at 7:52 pm | UPDATED: March 29, 2018 at 3:43 pm Last week I wrote about Facebook’s rather complicated privacy settings and, as I said at the time, “I wish it weren’t necessary for me to write this column.” I actually had two reasons for saying that. One is because I believe that Facebook should turn on more privacy features by default and second, because Facebook makes it too complicated to find and configure your privacy settings. I’m not sure if Facebook plans to address my first issue but, based on a statement posted Wednesday by Facebook Vice President and Chief Privacy Officer Erin Egan and Ashlie Beringer, vice president and deputy general counsel, the company apparently agrees that “It’s time to make our privacy tools easier to find.” Egan and Beringer acknowledged that privacy controls are now “spread across nearly 20 different screens,” … [Read more...] about Magid: Are Facebook’s new privacy tools enough to calm users and regulators?