“People may scream at me for saying this, but net neutrality is one of America’s longest and now most pointless fights over technology.” So argues the New York Times “On Tech” newsletter author Shira Ovide, calling the debate “a distraction for our elected leaders and corporations when there are more pressing issues.” Ovide also shares their discussion with Times technology and…
Tag: Corporations
US Drops Digital Tax Demand, Opening Door To Global Deal
The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet’s Google and Facebook, lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. From a report: Treasury Secretary Janet Yellen told her counterparts at a virtual meeting of Group of 20 finance officials that the U.S. is no longer…
Nevada Department of Education Has No Direct Say In Who Gets Tesla’s $37.5 Million K-12 Donation
theodp writes: The Nevada Legislature in 2014 approved a $1.3 billion tax break — the largest tax break in the history of the state — to woo Tesla into locating its battery factory in Northern NV. In return, Tesla made a $37.5 million pledge to support K-12 education ($7.5M annually, for 5 years, beginning in 2018). Lawmakers are now expressing surprise…
Was GameStop’s Rise Actually Orchestrated By Hedge Funds?
Robert J. Shapiro advised senior members of the Obama administration on economic policy, and served as an Under Secretary of Commerce under Bill Clinton. Now a senior fellow at the McDonough School of Business at Georgetown, he’s suspicious of the surge in GameStop’s stock price:
Allegedly, this is the tale of scrappy, small online day traders buying shares of a beleaguered company…
‘Terms of Service’ Agreements Are Unbalanced, Need Reforming, Urges New York Times
“The same legalese that can ban Donald Trump from Twitter can bar users from joining class-action lawsuits,” warns the official Editorial Board of the New York Times, urging “It’s time to fix the fine print.” [Alternate URL here] [M]ost people have no idea what is signed away when they click “agree” to binding terms of service contracts — again and again…
Twitter Temporarily Suspends Account of US Representative
CNN reports: Twitter on Sunday temporarily suspended the account of Rep. Marjorie Taylor Greene for repeated violations of new rules the social media platform put in place following the violent U.S. Capitol riot earlier this month, a company spokesperson told CNN. “The account referenced has been temporarily locked out for multiple violations of our civic integrity policy,” the spokesperson said. As…
Some Ransomware Gangs Are Going After Top Execs To Pressure Companies Into Paying
A new trend is emerging among ransomware groups where they prioritize stealing data from workstations used by top executives and managers in order to obtain “juicy” information that they can later use to pressure and extort a company’s top brass into approving large ransom payouts. From a report: ZDNet first learned of this new tactic last week during a phone call…
US: Hack of Federal Agencies ‘Likely Russian In Origin’
Top national security agencies in a rare joint statement Tuesday confirmed that Russia was likely responsible for a massive hack of U.S. government departments and corporations, rejecting President Donald Trump’s claim that China might be to blame. The Associated Press reports: The statement represented the U.S. government’s first formal attempt to assign responsibility for the breaches at multiple agencies and to…
Russians Are Believed To Have Used Microsoft Resellers in Cyberattacks
As the United States comes to grips with a far-reaching Russian cyberattack on federal agencies, private corporations and the nation’s infrastructure, new evidence has emerged that the hackers hunted their victims through multiple channels. From a report: The most significant intrusions discovered so far piggybacked on software from SolarWinds, the Austin-based company whose updates the Russians compromised. But new evidence from…
Is Warner Bros’ Shift To Streaming New Movies ‘A Great Danger’?
Christopher Nolan isn’t too happy with Warner Bros’ decision to send all 17 of its films slated for release in 2021 to HBO Max on the same day they’re released. Nolan, whose blockbuster movies for Warner Bros have made billions, called HBO Max “the worst streaming service,” adding that this shift in Hollywood is “a sign of great danger for the…