Tag: Regulation and Deregulation of Industry

Where the Frauds Are All Legal

Much of what we accept as legal in medical billing would be regarded as fraud in any other sector. I have been circling around this conclusion for this past five years, as I’ve listened to patients’ stories while covering health care as a journalist and author. Now, after a summer of firsthand experience — my […]

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California Bans Insurers From Dropping Policies Made Riskier by Climate Change

California’s wildfires have grown so costly and damaging that insurance companies — a homeowner’s last hope when disaster strikes — have increasingly been canceling people’s policies in fire-prone parts of the state. On Thursday, however, California took the highly unusual step of banning the practice, a decision that exacerbates the insurance industry’s miscalculation of the […]

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Warren Takes Aim at Bank Mergers, a Sign of Her Presidential Intentions

WASHINGTON — Senator Elizabeth Warren plans to introduce a bill in coming weeks that would intensify the scrutiny of bank mergers, a signal less of legislative action to come than of her intentions for the finance industry if she is elected president. The bill, a companion of which will be introduced Wednesday in the House […]

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Facebook Testing a Way to Let You Move Photos to Rival Sites

LONDON — Facebook is trying to make it easier for users to move photos from the social network to rival online services, reacting to European privacy laws and criticism from regulators that its size and control over data hinders competition. On Monday, Facebook said it would begin testing a “data portability” tool in Ireland that […]

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Plunge in 3 Hong Kong Stocks Offers a Cautionary Tale

HONG KONG — Even by the standards of Hong Kong, where the ups and downs of the stock market rival events at the horse track as a spectator sport, three recent flameouts have been spectacular. A Chinese marble miner named ArtGo plummeted by 98 percent in one day. A Chinese automaker-turned-education-company called China First Capital […]

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China Cracks Down on Fentanyl. But Is It Enough to End the U.S. Epidemic?

When things go wrong, those in power often promise to make it right. But do they? In this series, The Times investigates to see if those promises were kept. XINGTAI, China — An online pharmacy advertising itself as a seller of “high purity, real pure” fentanyl still responds right away to potential customers. “Which products […]

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Meet the Man Loosening Bank Regulation, One Detail at a Time

WASHINGTON — In his first 21 months on the job, Randal K. Quarles, the Federal Reserve’s vice chairman for supervision and regulation, met at least 22 times with partners at his former law firm, Davis Polk & Wardwell, which represents many of the nation’s largest banks. Those meetings, disclosed in public schedules and other releases, […]

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Fresh-Food Vending Machines Will Be Graded Like Restaurants

On Oct. 30, an inspector from the New York City Department of Health and Mental Hygiene was making her rounds when she came across a vending machine unlike any she seen before. Called Farmer’s Fridge, it was made of washed white wood, with a giant touch screen and a built-in recycling bin. Inside was not […]

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I Invented the World Wide Web. Here’s How We Can Fix It.

My parents were mathematicians. My mother helped code one of the first stored-program computers — the Manchester Mark 1. They taught me that when you program a computer, what you can do is limited only by your imagination. That excitement for experimentation and change helped me build the World Wide Web. I had hoped that […]

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With Boeing in Cross Hairs, Lion Air Gets a Pass on Poor Safety Record

When things go wrong, those in power often promise to make it right. But do they? In this series, The Times investigates to see if those promises were kept. JAKARTA, Indonesia — When Lion Air Flight 610 took off in clear skies a year ago, the 737 jetliner carried with it an anti-stall system designed […]

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China’s Vaping Boom Alarms the Government

Models in tight dresses and high heels lounged in a yellow inflatable pool filled with plush toys and vaping equipment. Enthusiastic vapers lined up for free pens and pods, as clouds of mango, mint and rose mingled with the electronic dance music in the air. Attendees of the Shanghai eCig Expo had a lot to […]

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Massachusetts Moves to Ban Flavored Tobacco Products, Including Menthol

CAMBRIDGE, Mass. — Massachusetts has moved a step closer to banning all flavored e-cigarettes and tobacco products, including menthol cigarettes, amid a national push to contend with the risks of vaping. The State Senate followed the House late Wednesday in passing a sweeping ban, which, if signed into law, would make Massachusetts the first state […]

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The Cowardice Behind Trump’s Vaping-Ban Retreat

Is there any limit to the Trump administration’s willingness to endanger public health and safety for political purposes? First, it weakened environmental protection standards, despite clear evidence that the air we breathe is irreparably harming us and our children. Then it formally left the Paris Agreement on climate change, despite its being the only available […]

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Silicon Valley’s Biggest Foe Is Getting Even Tougher

BRUSSELS — Margrethe Vestager spent the past five years developing a well-earned reputation as the world’s top tech industry watchdog. From her perch overseeing Europe’s competition rules, she fined Google more than $9 billion for breaking antitrust laws, and forced Apple to pay about $14.5 billion for dodging taxes. Now she says that work, which […]

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Trump and His Party of Pollution

Given what we’ve seen in the impeachment hearings so far, there is literally no crime, no abuse of power, that would induce Republicans to turn on President Trump. So if you’re waiting for some dramatic political turn, don’t hold your breath. On second thought, however, maybe you should hold your breath. For air quality has […]

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Handcuffed for Selling Churros: Inside the World of Illegal Food Vendors

The hot dog carts that are synonymous with New York City street food are run mostly by men. So are the ice cream stands in Central Park, and the halal carts dishing out aromatic tins of chicken and rice in Midtown. But just as much a part of New York City life, if harder to […]

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E.P.A. to Limit Science Used to Write Public Health Rules

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. WASHINGTON — The Trump administration is preparing to significantly limit the scientific and medical research that the government can use to determine public health regulations, overriding protests from scientists and physicians who say the new rule would undermine the scientific […]

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Europe Is Toughest on Big Tech, Yet Big Tech Still Reigns

LONDON — Richard Stables should have felt vindicated when the European Union announced a $2.7 billion fine in 2017 against Google for breaking antitrust laws. He had raised alarms about the search giant’s power for years. But rather than feel victorious, Mr. Stables felt resigned. His company, Kelkoo, once a leading online shopping destination in […]

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Artificial Intelligence Is Too Important to Leave to Google and Facebook Alone

Americans don’t have to be beholden to the tech Goliaths to get the benefits of artificial intelligence. An alternative possibility is for government to provide the infrastructure needed for a technological future — through a public option for artificial intelligence. Big tech companies have an extraordinary amount of data about how we behave, largely because […]

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Big Business Is Overcharging You

When Thomas Philippon moved to Boston from his native France 20 years ago, he was a graduate student on a budget, and he was happy to discover how cheap American telephone use was. In those days of dial-up internet connections, going online involved long local phone calls that could cost more than $10 apiece in […]

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Centrists, Progressives and Europhobia

Will the Democratic presidential nomination go to a centrist or a progressive? Which choice would give the party the best chance in next year’s election? Honestly, I have no idea. One thing I can say, however, is that neither centrism nor progressivism is what it used to be. There was a time when arguments between […]

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China Is Trying to Clean Up Its Banks. It’s Messy.

HONG KONG — One bank failed. A second and third were bailed out. Worried depositors of two more banks then rushed to pull out their savings for fear of losing them in a spectacular failure. These stumbles, which have occurred in quick succession since May, would stir fears of a financial meltdown had they happened […]

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