Washington Mulls Reining in Big Tech on Privacy

If you’re worried about your privacy online, you aren’t alone. Uncle Sam is cracking down on companies for violating consumers’ privacy and looking to impose more regulation.

Earlier this month, the Federal Trade Commission ordered Facebook to provide more transparency for how it uses people’s data. The FTC also fined Facebook $5 billion for being deceptive about how it handled users’ data. Continue reading “Washington Mulls Reining in Big Tech on Privacy”

Cutting-Edge Uses of Drones are Coming On Fast

Drone companies, large and small, are racing to find as many viable drone applications as possible to go along with today’s popular uses, such as aerial mapping in the agriculture sector. There are close to 400,000 commercial drones registered with the Federal Aviation Administration, and many more are poised to take off in coming years.

Though there is still plenty of red tape to be cut, the feds are helping push the industry forward. The White House has expressed strong support for industry innovation in the hopes of drones being used in the delivery of medicine, emergency management and much more. This May, the Department of Transportation selected 10 state, local and tribal governments to participate in a pilot program aimed at collecting drone data on flying at night, flying over people, delivering packages and other promising areas. Continue reading “Cutting-Edge Uses of Drones are Coming On Fast”

Carbon Capture Captures Washington’s Attention

Democrats and Republicans don’t agree on much these days, especially not where climate change is concerned. On Capitol Hill, the debate remains highly polarized: While left-wing Democrats champion the controversial Green New Deal, many Republicans still don’t believe climate change is a real problem.

But lawmakers do agree on at least one possible way to address the issue: Carbon capture and sequestration, or CCS, the process of capturing man-made carbon dioxide at the source and either using or storing it underground.

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Tension Rises between Pelosi and the Far-Left “Squad”

House Speaker Nancy Pelosi’s hold on the fractured House Democratic Caucus is loosening, as the Californian’s burgeoning feud with a small group of far-left freshmen has spilled into public.

However, President Trump’s decision to target the four Democratic lawmakers—all minority women—with a series of offensive tweets over the weekend, has taken the heat off of Pelosi and handed her an opportunity to unify her caucus.

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What Deutsche Bank’s Retreat Means for U.S. Banks

Deutsche Bank’s plan to downsize is a boon for U.S. investment banks. Germany’s largest bank recently announced that it will cut 18,000 jobs and shut its global equities sales and trading business. The institution will now focus on corporate banking, and asset and wealth management. The bank has been under pressure after years of low profitability, money-laundering scandals and more competition from U.S. investment banks on its own turf. Continue reading “What Deutsche Bank’s Retreat Means for U.S. Banks”

Amazon’s ‘Christmas in July’ Forces the Retail World to Respond

Amazon’s self-created “Christmas in July” sales holiday is coming. The retail juggernaut launches its fifth annual “Amazon Prime Day” at 12 a.m. PDT July 15, which runs until 11:59 p.m. PDT July 16. Amazon boasts that this 48-hour sale bonanza will offer Amazon Prime customers a variety of deals on products—from tech items such as Amazon Fire TV, Amazon Alexa, smartwatches and headphones, to kitchen appliances and bedding.

But that doesn’t mean that its competitors such as eBay, Target, Walmart, Kohls and Bed, Bath & Beyond are taking this sitting down. These rival retail giants are firing back with deals of their own.

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