Tag: Regulation and Deregulation of Industry

Marijuana and Vaping: Shadowy Past, Dangerous Present

SAN FRANCISCO — For years, a divisive debate has raged in the United States over the health consequences of nicotine e-cigarettes. During the same time, vaping of a more contentious substance has been swiftly growing, with scant notice from public health officials. Millions of people now inhale marijuana not from joints or pipes filled with […]

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PG&E Chief Says Blackout ‘Cannot Become the Status Quo’

SAN FRANCISCO — Pacific Gas & Electric presided over a blackout. Now it is under the spotlight. PG&E’s chief executive said Thursday night that the utility did a poor job in executing the blackout, even if its intentions — pre-empting wildfires caused by its equipment — were sound. “We understand that the size and scope […]

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China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital […]

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Bank Regulators Present a Dire Warning of Financial Risks From Climate Change

WASHINGTON — Home values could fall significantly. Banks could stop lending to flood-prone communities. Towns could lose the tax money they need to build sea walls and other protections. These are a few of the warnings published on Thursday by the Federal Reserve Bank of San Francisco regarding the financial risks of climate change. The […]

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Juul Suspends Online Sales of Flavored E-Cigarettes

Juul Labs announced Thursday that it would temporarily halt online sales of flavored e-cigarettes like mango, products the company had already stopped distributing to retail stores as public outrage mounted over the soaring rate of teenage vaping. Facing multiple federal and state investigations into its marketing practices, Juul said it decided to discontinue the sales […]

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Congress Must Regulate the Location Data Industry

In the right hands, location data can be a force for good. It can provide publishers and app developers with advertising revenue so consumers can access free services and information. It can inform city planning, help ride-sharing users reach their destinations, guide travelers to great local spots, reassure parents their children are safely on their […]

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This Is the Most Realistic Path to Medicare for All

Much to the dismay of single-payer advocates, our current health insurance system is likely to end with a whimper, not a bang. The average person simply prefers what we know versus the bureaucracy we fear. But for entirely practical reasons, we might yet end up with a form of Medicare for All. Private health insurance […]

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E-Cigarettes Went Unchecked in 10 Years of F.D.A. Inaction

In 2009, not long after Dr. Margaret Hamburg became commissioner of the Food and Drug Administration, a package arrived at her home. Inside was a clunky device called an e-cigarette. “It was my first exposure to this emerging, new technology,” Dr. Hamburg recalled. The package was sent by an antismoking activist as a warning about […]

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In a High-Tech State, Blackouts Are a Low-Tech Way to Prevent Fires

California has a reputation as a haven for technological innovation. But the state’s largest power utility is using the lowest of low-tech solutions — rolling blackouts — to protect dry landscapes from live power lines that could spark or overheat and set wildfires. The utility, Pacific Gas & Electric, turned off power to broad areas, […]

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Making America Worse

On the campaign trail in 2015, Donald Trump said it was “disgusting” that a big corporation could escape taxation by using bookkeeping tricks to shift profits out of the United States. Now the Trump administration is thinking about making it easier to play those tricks. Bloomberg reported this week that the Treasury Department, in a […]

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Facebook’s Libra Cryptocurrency Faces Exodus of Partners

Facebook’s troubled cryptocurrency initiative, Libra, suffered new blows on Friday as the departures of key partners became an exodus. Stripe, Mastercard, Visa and eBay said they were all pulling out of Libra, a week after PayPal became the first company to drop out. While they continue to support the idea of Libra, the companies said, […]

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Review of 737 Max Certification Finds Fault With Boeing and F.A.A.

Boeing failed to adequately explain to regulators a new automated system that contributed to two crashes of the 737 Max, and the Federal Aviation Administration lacked the capability to effectively analyze much of what Boeing did share about the new plane. Those are among the findings in a damning report from a multiagency task force […]

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Fed Votes to Lighten Regulations for All but the Largest Banks

Federal Reserve Board members voted on Thursday to adjust key bank regulations put in place after the financial crisis, enacting a series of changes that one board governor, Lael Brainard, warned could weaken “core safeguards.” Regulators are tying rules more closely to bank size, reducing the necessary level of cash and government bond stockpiles at […]

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The Twilight of the Tech Idols

The banking industry, which has consistently been one of the wealthiest industries for the last few centuries, has very few leaders one would call “heroes” or “idols.” Most of them are part of a group of men who fought and finessed their way to the top by being good at corporate politics and managing other […]

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New E.P.A. Lead Standards Would Slow Replacement of Dangerous Pipes

WASHINGTON — The Trump administration was expected on Thursday to propose new regulations on lead and copper in drinking water, updating a 20-year-old rule that may have contributed to the lead-tainted water crisis in Flint, Mich., that began in 2015. The draft plan, which was scheduled to be announced by the Environmental Protection administrator, Andrew […]

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Trump Administration Weighs Economic Escalation Against China

WASHINGTON — Trump administration officials are weighing a range of options that could inflict additional economic pain on China as the United States continues looking for ways to force Beijing to change longstanding practices that have put American companies at a disadvantage. The ideas under consideration would move the White House’s negotiating tool of choice […]

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U.S. Using Trade Deals to Shield Tech Giants From Foreign Regulators

WASHINGTON — The Trump administration has begun inserting legal protections into recent trade agreements that shield online platforms like Facebook, Twitter and YouTube from lawsuits, a move that could help lock in America’s tech-friendly regulations around the world even as they are being newly questioned at home. The protections, which stem from a 1990s law, […]

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Do We Need to Break Up Facebook?

ImageCreditIllustration by Nicholas Konrad; Photographs by Lawrence Jackson and Elizabeth Frantz for The New York Times This article is part of the Debatable newsletter. You can sign up here to receive it Tuesdays and Thursdays. Senator Elizabeth Warren extracted an unwitting advertisement for her presidential campaign from Facebook’s chief executive, Mark Zuckerberg, on Tuesday. A […]

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D.E.A. Let Opioid Production Surge as Crisis Grew, Inspector General Says

The Drug Enforcement Administration authorized large increases in the production of painkillers even as the number of opioid-related deaths in the United States soared, the Justice Department’s inspector general said in a harsh review on Tuesday. The watchdog office said that the D.E.A. was “slow to respond” to the opioid crisis, adding that more than […]

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Impeaching Trump Is Good for the Economy

If there’s one thing the tweeter in chief believes, it is that what’s good for Donald Trump is good for America. A little over a month ago (although it seems like much longer) he told a rally that “you have no choice but to vote for me,” because his electoral defeat would lead to a […]

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