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Tom Wheeler, Former Lobbyist and Obama Loyalist, Seen as FCC Frontrunner

Tom Wheeler, a well-regarded venture capitalist and former cable and wireless industry lobbyist, is the frontrunner to be the next chairman of the Federal Communications Commission, according to top telecom analysts and D.C. policy sources. Wheeler, who is currently managing director at D.C.-based firm Core Capital Partners, is a longtime Obama loyalist. During Obama’s first presidential campaign, he and his wife Carol spent six weeks in Iowa, where they worked the phones and knocked on doors for the candidate. Wheeler also raised hundreds of thousands of dollars for Obama’s two presidential campaigns, according to the Center For Responsive Politics. Wheeler recently received a major boost when several prominent former Obama administration officials wrote a letter to the president supporting his candidacy. “Tom has had an impressive career in the telecommunications and high-tech field that makes him eminently qualified for this position,” the officials wrote. “He understands ...

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Found 1 month ago on channel TIME Moneyland

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Canada: Reasonable – But Diminished – Expectation Of Privacy In Contents Of Employer-Owned Laptop - Borden Ladner Gervais LLP

Justice Fish, writing for the majority of the Supreme Court of Canada, has held that while an employer's ownership of a laptop, its workplace policies and practices, and technology in place can diminish an employee's reasonable expectation of privacy, they do not eliminate it: R v Cole, 2012 SCC 53.

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Found 1 month ago on channel Mondaq

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United States puts Japan on notice in currency report

WASHINGTON - The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.

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Found 1 month ago on channel Reuters

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Stocks Rise Sharply, Led by Gains in Technology

(NEW YORK) — Technology stocks roared back Wednesday, driving the Standard & Poor’s 500 and Dow Jones industrial average to record highs. The industry has lagged the broader market this year, but surged after network communication company Adtran reported earnings that were double what Wall Street analysts expected. That boosted optimism that businesses will increase spending on technology equipment. Chipmakers Micron and Intel jumped, as did other network equipment makers like Cisco and JDS Uniphase. Stocks were also up on an optimistic reading of the Federal Reserve Bank’s latest minutes. Technology stocks rose 1.8 percent, the most of the 10 industry groups in the S&P. That’s a big change from tech’s weak performance this year. The group is up just 4.7 percent, trailing the S&P’s gain of 11.3 percent. “Tech has performed so poorly, it’s oversold and warrants some interest here,” said Scott Wren, a senior equity strategist at Wells Fargo Advisors. “If the economy ...

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Found 1 month ago on channel TIME Business

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Was Thatcherism Good (or Bad) for the Economy?

Margaret Thatcher was known as the woman who, between 1979 to 1990, brought austerity and — at least for part of her tenure — economic growth to a stagflation-riddled Britain. She’s also known as a heedless free-market deregulator who set the stage for financial boom and bust, as well as for growing inequality. At a time when the debate over growth and austerity is front and center in the UK, the US, Europe, and much of the rest of the world, what is the legacy of Thatcher economics? Below, a look at some of the Iron Lady’s key economic ideas and what, if anything, they have to teach us today. A focus on inflation versus unemployment. Perhaps it was justified back then, given that inflation in Britain in the late 1970s was heading towards 20%. But as Capital Economics managing director Roger Bootle points out in his smart look at Thatcher’s legacy in The Telegraph, the result of the government’s policy of fighting inflation by hiking interest rates fast and hard was “a cripplingly ...

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Found 1 month ago on channel TIME Moneyland

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