Tag: Regulation and Deregulation of Industry

Five Ways A.I. Could Be Regulated

Though their attempts to keep up with developments in artificial intelligence have mostly fallen short, regulators around the world are taking vastly different approaches to policing the technology. The result is a highly fragmented and confusing global regulatory landscape for a borderless technology that promises to transform job markets, contribute to the spread of disinformation […]

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How Nations Are Losing a Global Race to Tackle A.I.’s Harms

When European Union leaders introduced a 125-page draft law to regulate artificial intelligence in April 2021, they hailed it as a global model for handling the technology. E.U. lawmakers had gotten input from thousands of experts for three years about A.I., when the topic was not even on the table in other countries. The result […]

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Xi Jinping is Asserting Tighter Control of Finance in China

In his decade as China’s top leader, Xi Jinping has asserted greater control for himself and the Communist Party over the country’s economy. Now, Mr. Xi has moved to extend that power more forcefully than ever over China’s financial system. The Communist Party issued a detailed ideological statement on Friday in Qiushi, the party’s main […]

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Inside Kick, an Upstart Streaming Competitor to Twitch

One day this summer, the internet personality Adin Ross switched on his camera and started broadcasting himself live to thousands of fans, sipping a Yerba Mate drink and nodding along to Lil Uzi. Mr. Ross soon cut the music and started talking, assuring his fans that he would livestream Jake Paul’s upcoming boxing match, even […]

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Biden Administration Announces Rule to Cut Millions of Tons of Methane Emissions

The United States will, for the first time, require oil and gas producers to detect and fix leaks of methane, a potent greenhouse gas that wafts into the atmosphere from pipelines, drill sites and storage facilities and dangerously speeds the rate of global warming. Michael S. Regan, the administrator of the Environmental Protection Agency, announced […]

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Biden Administration Unleashes Powerful Regulatory Tool Aimed at Climate

The Biden administration’s crackdown on methane leaks from oil wells is based in part on a new powerful policy tool that could strengthen its legal authority to cut greenhouse gas emissions across the entire economy — including from cars, power plants, factories and oil refineries. New limits on methane, announced Saturday by the Environmental Protection […]

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U.S. to Limit China’s Ability to Benefit From Electric Vehicle Industry

The Biden administration proposed new rules on Friday aimed at shifting more production of electric vehicle batteries and the materials that power them to the United States, in an attempt to build up a strategic industry now dominated by China. The rules are meant to limit the role that Chinese firms can play in supplying […]

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Judge Halts TikTok Ban in Montana

A federal judge in Montana on Thursday blocked a statewide ban of TikTok from taking effect next year, at least temporarily preventing the nation’s first such prohibition on the popular video app. The judge, Donald W. Molloy, said Montana could act as a leader in protecting its residents from harm but must “act within the […]

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U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph

Jeff Zucker’s re-entry into the global news business has hit a snag. The British government said on Thursday that it would open a review of a pending deal to put Mr. Zucker, the former president of CNN, in control of The Daily Telegraph and The Spectator, a pair of London’s most prestigious publications. The announcement […]

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Supreme Court Seems Wary of In-House S.E.C. Tribunals

The Supreme Court’s conservative majority seemed receptive on Wednesday to an attack on one of the primary ways the Securities and Exchange Commission enforces laws against securities fraud. The agency, like other regulators, brings some enforcement actions in internal tribunals rather than in federal courts. The practice has been criticized, mostly by conservatives, on a […]

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U.S. Debates How Much to Sever Electric Car Industry’s Ties to China

The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing […]

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Biden Trade Policy Breaks With Tech Giants

One reason that the idea of free trade has fallen out of fashion in recent years is the perception that trade agreements reflect the wishes of big American corporations, at everybody else’s expense. U.S. officials fought for trade agreements that protect intellectual property — and drug companies got the chance to extend the life of […]

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U.S. Case Details Binance’s Knowledge About Criminal Users

For years, the Binance founder Changpeng Zhao and other senior employees at the cryptocurrency exchange knew that some of its users were criminals. Yet, despite regular warnings from some of its own employees that some transactions on Binance.com were violating anti-money-laundering laws, the firm was reluctant to cut them off. Those allegations, which were made […]

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The Unsettling Lesson of the OpenAI Mess

Ensuring that A.I. serves humanity was always a job too important to be left to corporations, no matter their internal structures. That’s the job of governments, at least in theory. And so the second major A.I. event of the last few weeks was less riveting, but perhaps more consequential: On Oct. 30, the Biden administration […]

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Why Long-Term Care Insurance Fails Short for So Many

For 35 years, Angela Jemmott and her five brothers paid premiums on a long-term care insurance policy for their 91-year-old mother. But the policy does not cover home health aides whose assistance allows her to stay in her Sacramento bungalow, near the friends and neighbors she loves. Her family pays $4,000 a month for that. […]

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The OpenAI Coup Is Great for Microsoft. What Does It Mean for Us?

There was the coup that hit the headlines: the OpenAI board’s abrupt ousting of its co-founder and chief executive, Sam Altman. Now we are on the verge of a second, even more critical coup, one that cements control of one of the most powerful and promising technologies on the planet under one of this country’s […]

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Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations

Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world, agreed to plead guilty to money laundering violations, according to court papers, a stunning blow to the most powerful and influential figure in the global crypto industry. Binance itself also agreed to plead guilty, according to the court papers filed in federal […]

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How Companies Like Google Control Our Privacy and Our Data

“Inside the app, click on the Me tab, tap the settings icon and select Privacy. Under default privacy settings, select Private,” he explained. “Then, under the ‘More’ section in Privacy, click ‘Past Transactions’ and make sure to set that to ‘Change All to Private.’” Got all that? I did, and changed my settings, too, as […]

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Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal

Bella Cummins has run Bella’s Hacienda Ranch, her Nevada brothel, for nearly four decades — and for four decades, she’s been shunned by much of the banking industry. She’s been denied a mortgage and several other loans, while many of her employees have had to wait up to two weeks for their paychecks to clear. […]

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Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund

In a Manhattan courtroom this month, the cryptocurrency industry faced a reckoning as its onetime star, Sam Bankman-Fried, was convicted of fraud in a trial that put the industry’s excesses on vivid display. But the ever-volatile crypto markets were already moving on. Shortly before Mr. Bankman-Fried’s verdict landed on Nov. 2, the price of Bitcoin […]

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Korean President’s Battle Against ‘Fake News’ Alarms Critics

Allies of President Yoon Suk Yeol are attacking what they see as an existential threat to South Korea, and they are mincing few words. The head of Mr. Yoon’s party has called for the death sentence for a case of “high treason.” The culture ministry has vowed to root out what it called an “organized […]

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Biden Finalizes Significant Overhaul in Federal Regulations

The Biden administration has overhauled how the federal government assesses the costs and benefits of regulation and some government spending programs, clearing a path for more aggressive efforts to fight climate change and help the poor. Officials at the White House Office of Information and Regulatory Affairs, a branch of the Office of Management and […]

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A New Law Supercharged Electric Car Manufacturing, but Not Sales

President Biden’s signature climate law has stimulated a surge of investment in electric vehicle production across the country, including tens of billions of dollars on battery plants across the South and new assembly lines near the Great Lakes. Based on early evidence, it is succeeding at a goal that economists have long considered difficult and […]

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In Regulating A.I., the Government May Be Doing Too Much. And Too Little.

When President Biden signed his sweeping executive order on artificial intelligence last week, he joked about the strange experience of watching a “deep fake” of himself, saying, “When the hell did I say that?” The anecdote was significant, for it linked the executive order to an actual A.I. harm that everyone can understand — human […]

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Earthquake in Nepal Renews Fears on Preparations for a Bigger One

Officials in Nepal were still assessing the extent of the damage on Sunday from the earthquake that struck the country’s west two nights earlier, leaving at least 150 people dead and thousands either homeless or afraid to sleep indoors. But scientists were already renewing clear warnings that this Himalayan nation, which sits on the fault […]

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Supreme Court Takes Up Challenge to Ban on Bump Stocks

The Supreme Court agreed on Friday to decide whether the Trump administration had acted lawfully in banning bump stocks, the attachments that enable semiautomatic rifles to fire in sustained, rapid bursts. In Supreme Court briefs, the Biden administration urged the justices to uphold the ban, endorsing a rare move by the Trump administration to curtail […]

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Cruise Grew Fast and Angered Regulators. Now It’s Dealing With the Fallout.

Two months ago, Kyle Vogt, the chief executive of Cruise, choked up as he recounted how a driver killed a 4-year-old girl in a stroller at a San Francisco intersection. “It barely made the news,” he said, pausing to collect himself. “Sorry. I get emotional.” To make streets safer, he said in an interview, cities […]

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Teenage Vaping Declines This Year, Survey Says

What’s Behind the Numbers: Flavor bans may have had an effect. One thing is clear about underage e-cigarette use: Adolescents like flavors. About 90 percent of the students who reported vaping said they used flavored products, citing favorites that tasted like fruit and candy. Teenagers identified Elf Bar and Esco Bar as their favorite brands, […]

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Frustrated With New Rules, Bank Lobbyists Are Making Their Fight Public

Banks have become increasingly frustrated with their federal regulators and, in a break with tradition, have brought the battle out into the open. In an effort to overturn new rules and challenge the legitimacy of regulators’ powers, bank lobbyists have added legal threats and public attacks to the more usual lobbying efforts that once took […]

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How Did Democrats Lose Control of State Agriculture Policy?

Democrats once dominated statewide elections for the influential post of agriculture commissioner. Now they’re hoping to win just one. By David W. Chen Photographs by Jon Cherry David W. Chen and Jon Cherry drove more than 800 miles across Kentucky, stopping at farms, diners, a fish fry and a livestock auction, to understand the politics […]

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Executive Order on A.I. Tries to Balance Technology’s Potential and Peril

How do you regulate something that has the potential to both help and harm people, that touches every sector of the economy and that is changing so quickly even the experts can’t keep up? That has been the main challenge for governments when it comes to artificial intelligence. Regulate A.I. too slowly and you might […]

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