When President Donald Trump came into office pledging to cut regulations “massively,” he made a point of exempting regulations that protected workers’ health. But almost two years in, the Trump administration has done the opposite, rolling back worker safety protections affecting underground mine safety inspections, offshore oil rigs and line speeds in meat processing plants, among others.Story Continued Below Trump's deregulatory moves on worker safety are at odds with his public stance as a champion of working class Americans, but consistent with his naming two management-side attorneys bent on rolling back economic protections for workers to the National Labor Relations Board, which regulates labor unions, and with his nominations of two reliably pro-management jurists to a now-Republican-majority Supreme Court that recently dealt a heavy financial blow to public-employee unions. One of those Supreme Court nominees, Brett Kavanaugh, will on Tuesday begin Senate … [Read more...] about Trump rolls back worker safety rules
Jul 10, 3:03 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Reuters 07/10/18 AT 2:29 AM Brett Kavanaugh, nominated on Monday to be a Supreme Court justice by U.S. President Donald Trump, is a long-time skeptic of business regulations, especially on rules limiting harmful emissions, although he has called global warming an "urgent" issue.If confirmed by the Senate, the 53-year-old conservative judge, who is well known in Washington legal circles, could serve for decades and have a major say over environmental regulations issued by future presidents, long after Trump has left office.Michael Brune, president of the Sierra Club, an environmental activist group, said Kavanaugh is "an extreme ideologue who has time and again proven himself hostile to common-sense environmental safeguards."A judge on the U.S. Court of Appeals for the District of Columbia Circuit since 2006, Kavanaughoften hears challenges to … [Read more...] about Supreme Court Nominee Has Been A Foe Of Emissions Rules
Do we need governments to regulate cryptocurrency? Linda Wang, co-founder of Lendingblock, says YES. As more institutional money enters the cryptocurrency market, regulation is becoming crucial in order for digital currencies to gain legitimacy and mass adoption. Without a legal framework, the biggest risk to the growing cryptocurrency market is regulatory uncertainty. While libertarians may want to push back, the largely unregulated industry is suffering from market manipulation and fraud from a minority of malevolent actors. This is hazardous to consumers and also poses a massive legal and reputational risk for blockchain businesses who are playing by the rules. Regulation should be drawn from vertical industry’s standards, to foster best practice, and should certainly be applied to companies issuing their own coins through Initial Coin Offerings, as well as other companies trading in cryptocurrencies, which would go a long way to protecting investors. Collaboration, between … [Read more...] about DEBATE: Do we need governments to regulate cryptocurrency?
BRUSSELS (Reuters) - Tech giants like Google, Apple and Amazon will for the first time face rules regulating their commercial relations with smaller businesses under a law proposed by the European Union on Thursday. A man checks Google devices outside its booth at the Mobile World Congress in Barcelona, Spain, February 27, 2018. REUTERS/Sergio Perez The new rules will specifically target app stores, search engines, e-commerce sites and hotel booking websites like Expedia, requiring them to be more transparent about how they rank search results and why they delist some services. The proposal would also give companies the right to collectively sue online platforms if they do not respect the new rules on non-discrimination and transparency. Reporting by Julia Fioretti … [Read more...] about EU moves to regulate tech giants’ business practices
International regulations must be established to minimize the impact of cyberwarfare on countries as threat levels continue to soar, according to United Nations Secretary General Antonio Guterres.Guterres made his comments Monday at the University of Lisbon in Portugal, Reuters reported. He addressed the same issue last week at the Munich Security Forum, saying it's "high time" to have a "serious discussion" about an international legal framework for cyberwarfare. He also raised concerns that threat levels keep rising without any adequate international response.Cyberwarfare and cybersecurity remain in the spotlight following massive attacks over the past year such as the Equifax hack and the WannaCry and NotPetya attacks, as well as Russian tampering in the 2016 US presidential election, which led to last week's indictment of 13 Russian nationals and three Russian companies. The fallout from alleged government-backed cyberattacks has been dire. More than 200,000 … [Read more...] about UN should create cyberwarfare rules, chief says