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Twitter

'Is Twitter Dying?' Tweets Elon Musk (yahoo.com) 153

The newest member of Twitter's board of directors just tweeted "Is Twitter dying?"

That would be Elon Musk — who'd preceded the question with a list of Twitter's ten most-followed accounts, noting that most of them "tweet rarely and post very little content." And in follow-up tweets, Musk pointed out that Taylor Swift hasn't posted anything in three months, while Justin Bieber "only posted once this entire year."

When someone posted a bar graph showing that Twitter's user count continued to grow, Musk posted a reply which he's since pinned to the top of his own Twitter feed.

"Now subtract crypto scam accounts that twitter constantly shows as 'real' people in everyone's feed"

This isn't the first time Elon Musk has posted something interesting on Twitter, reports AFP: On Thursday, Musk tweeted a photo of himself smoking marijuana on a Joe Rogan podcast in 2018, with the caption, "Twitter's next board meeting is gonna be lit."
About an hour ago Musk also shared a graph from YouGov (a British market research and data analytics firm) showing that Democrats and Republicans have starkly different levels of trust in major news sources. On the chart Republicans show an average "trustworthiness" rating above 50% for just two of the 22 news outlets: Fox News and the Weather Channel.

Above the chart Musk added the words, "Truth is the first casualty."

Two minutes later he followed that tweet with an equally cryptic remark.

"69.420% of statistics are false."
Power

US President Invokes Emergency Authority Prioritizing Pursuit of EV Battery Minerals (cnbc.com) 199

U.S. president Joe Biden "will invoke the Defense Production Act to encourage domestic production of minerals required to make batteries for electric vehicles and long-term energy storage," reports CNBC.

"It will also help the U.S. minimize dependence on foreign supply chains." The president's order could help companies receive government funding for feasibility studies on projects that extract materials, including lithium, nickel, cobalt, graphite and manganese, for EV production.

The Defense Production Act, established by President Harry Truman during the Cold War, allows the president to use emergency authority to prioritize the development of specific materials for national production.... The administration also said it's reviewing further uses of the law to "secure safer, cleaner, and more resilient energy for America."

The transportation sector is one of the largest contributors to U.S. greenhouse gas emissions, representing about one-third of emissions every year. The transition away from gas vehicles to EVs is considered critical to combating human-caused climate change....

The administration in February unveiled a plan to allocate $5 billion to states to fund EV chargers over five years as part of the bipartisan infrastructure package.

The White House said in a statement the move would reduce America's reliance on China and other countries "for the minerals and materials that will power our clean energy future."
Bitcoin

Elizabeth Warren's Anti-crypto Crusade Splits the Left (politico.com) 123

Democratic lawmakers are entering a crypto collision course. Politico reports: Questions around how to police digital currency and whether to support its adoption are driving a rift not just between the party's liberal and centrist wings but also among progressives who often see eye-to-eye on financial regulation. Sen. Elizabeth Warren of Massachusetts -- who has long led the left's charge to crack down on banks and Wall Street -- has emerged as one of the party's most vocal cryptocurrency critics, warning that it exposes consumers to danger, is ripe for financial crimes and is an environmental threat because of its electricity usage. But a new generation of progressives -- and a number of other senior Democrats -- are embracing the startup industry. They're arguing against regulations that could stifle what proponents say is a new avenue for financial inclusion and a breakthrough alternative to traditional banks. "The project of radically decentralizing the internet and finance strikes me as a profoundly progressive cause," Rep. Ritchie Torres (D-N.Y.) said in an interview. "You should never define any technology by its worst uses. ... There's more to crypto than ransomware, just like there's more to money than money laundering."

The simmering conflict is set to intensify in the coming months. President Joe Biden last week asked federal agencies to start solidifying the federal government's approach to crypto, framing the step as supportive of innovation rather than an industry crackdown. The price of Bitcoin surged on the news. Separately, Democratic lawmakers have started to draft a host of crypto regulation bills that are also exposing a wide range of views on the government's role in the $1.7 trillion market for digital assets. The lack of consensus among Democrats means it's unlikely Congress will act anytime soon to pass major legislation laying out the direction of regulation of the new market. Some Democrats and lobbyists had expected initial votes early this year, but that timeline has slipped.

Government

Senators: Newly Declassified Documents Reveal Previously Secret CIA Bulk Collection (washingtonpost.com) 114

An anonymous reader quotes a report from the Washington Post: The CIA has a secret, undisclosed data repository that includes information collected about Americans, two Democrats on the Senate Intelligence Committee said Thursday. While neither the agency nor lawmakers would disclose specifics about the data, the senators alleged the CIA had long hidden details about the program from the public and Congress. Sens. Ron Wyden of Oregon and Martin Heinrich of New Mexico sent a letter to top intelligence officials calling for more details about the program to be declassified. Large parts of the letter, which was sent in April 2021 and declassified Thursday, and documents released by the CIA were blacked out. Wyden and Heinrich said the program operated "outside the statutory framework that Congress and the public believe govern this collection."

"CIA recognizes and takes very seriously our obligation to respect the privacy and civil liberties of U.S. persons in the conduct of our vital national security mission," Kristi Scott, the agency's privacy and civil liberties officer, said in a statement. "CIA is committed to transparency consistent with our obligation to protect intelligence sources and methods." The CIA released a series of redacted recommendations about the program issued by an oversight panel known as the Privacy and Civil Liberties Oversight Board. According to the document, a pop-up box warns CIA analysts using the program that seeking any information about U.S. citizens or others covered by privacy laws requires a foreign intelligence purpose. "However, analysts are not required to memorialize the justification for their queries," the board said.

According to Wyden and Heinrich's letter, the CIA's bulk collection program operates outside of laws passed and reformed by Congress, but under the authority of Executive Order 12333, the document that broadly governs intelligence community activity and was first signed by President Ronald Reagan in 1981. "It is critical that Congress not legislate without awareness of a ... CIA program, and that the American public not be misled into believe that the reforms in any reauthorization legislation fully cover the IC's collection of their records," the senators wrote in their letter. There was a redaction in the letter before "CIA program." Additional documents released by the CIA Thursday also revealed limited details about a program to collect financial data against the Islamic State. That program also has incidentally snared some records held by Americans.
"These reports raise serious questions about the kinds of information the CIA is vacuuming up in bulk and how the agency exploits that information to spy on Americans," Patrick Toomey, a lawyer for the American Civil Liberties Union, said in a statement. "The CIA conducts these sweeping surveillance activities without any court approval, and with few, if any, safeguards imposed by Congress."
Hardware

Manufacturers Have Less Than Five Days' Supply of Some Computer Chips, Commerce Department Says (washingtonpost.com) 110

Manufacturers and other buyers of computer chips had less than five days' supply of some chips on hand late last year, leaving them vulnerable to any disruptions in deliveries, the Commerce Department reported Tuesday as it pushed Congress to endorse federal aid for chip makers. The Washington Post reports: Manufacturers' median chip inventory levels have plummeted from about 40 days' supply in 2019 to less than five days, according to a survey of 150 companies worldwide that the Commerce Department conducted in September. "This means a disruption overseas, which might shut down a semiconductor plant for 2-3 weeks, has the potential to disable a manufacturing facility and furlough workers in the United States if that facility only has 3-5 days of inventory," the Commerce Department concluded in a six-page summary of its findings.

The lack of chip inventory leaves auto manufacturers and other chip users with "no room for error," Commerce Secretary Gina Raimondo said Tuesday as she presented the findings. "A covid outbreak, a storm, a natural disaster, political instability, problem with equipment -- really anything that disrupts a [chip-making] facility anywhere in the world, we will feel the ramifications here in the United States of America," she said. "A covid outbreak in Malaysia has the potential to shut down a manufacturing facility in America."

"The reality is Congress must act," Raimondo added, urging lawmakers to pass a proposal for $52 billion in federal subsidies to incentivize construction of chip factories. "Every day we wait, we fall further behind." The Senate passed the measure last year. The legislation has been tied up for months in the House, though House Democrats are expected to introduce their version of the legislation as soon as this week. Industry executives say federal funding is likely to create more long-term supply of chips but not to alleviate the short-term shortages because chip factories take years to build.

Businesses

FCC Moves To Boost Cable Competition in Apartment Buildings (bloomberg.com) 49

Cable operators would face more competition for the roughly one-third of Americans living in apartment buildings under an order advanced Friday at the U.S. Federal Communications Commission. From a report: FCC Chairwoman Jessica Rosenworcel asked fellow commissioners to approve a measure that she said would "crack down on practices that lock out broadband competition and consumer choice." The order would prohibit cable service providers from entering into certain revenue sharing agreements with a building owner, and seek to ease alternative providers' access to the wiring of buildings, Rosenworcel said in a news release. The order would affect more than one-third of the U.S. population who live in apartments, mobile home parks, condominiums and public housing, Rosenworcel said. The order needs to succeed in a vote before the FCC, which is split with two Democrats and two Republicans as a Democrat nominated by President Joe Biden awaits Senate confirmation.
Democrats

Democrats Unveil Bill To Ban Online 'Surveillance Advertising' (theverge.com) 146

Democrats introduced a new bill that would ban nearly all use of digital advertising targeting on ad markets hosted by platforms like Facebook, Google, and other data brokers. From a report: The Banning Surveillance Advertising Act -- sponsored by Reps. Anna Eshoo (D-CA), Jan Schakowsky (D-IL), and Sen. Cory Booker (D-NJ) -- prohibits digital advertisers from targeting any ads to users. It makes some small exceptions, like allowing for "broad" location-based targeting. Contextual advertising, like ads that are specifically matched to online content, would be allowed. "The 'surveillance advertising' business model is premised on the unseemly collection and hoarding of personal data to enable ad targeting," Eshoo, the bill's lead sponsor, said in a Tuesday statement. "This pernicious practice allows online platforms to chase user engagement at great cost to our society, and it fuels disinformation, discrimination, voter suppression, privacy abuses, and so many other harms. The surveillance advertising business model is broken."
Businesses

Venmo, PayPal and Cash App To Report Payments of $600 or More To IRS This Year (foxbusiness.com) 264

schwit1 writes: Millions of small business owners who rely on payment apps like Venmo, PayPal and Cash App could be subject to a new tax law that just took effect in January. Beginning this year, third-party payment processors will be required to report a user's business transactions to the IRS if they exceed $600 for the year. The payment apps were previously required to send users Form 1099-K if their gross income exceeded $20,000 or they had 200 separate transactions within a calendar year. Democrats made the change in March 2021, when they passed the American Rescue Plan without any Republican votes. The new rule only applies to payments received for goods and services transactions, meaning that using Venmo or PayPal to send a loved one a gift, pay your roommate rent, or reimburse a friend for dinner will be excluded. Also excluded is anyone who receives money from selling a personal item at a loss; for example, if you purchased a couch for $300 and sold it for $250, the amount is not taxable.
United States

Potential DOJ Suits Against Apple and Google Delayed Amid Budget Woes (politico.com) 27

The Justice Department is still months away from deciding whether to sue Apple or file a new suit against Google over antitrust concerns, POLITICO reported Thursday, citing two people familiar with the discussions -- a question facing new financial complications after the collapse of President Joe Biden's social spending bill. From a report: DOJ antitrust prosecutors had earlier aimed to wrap up their probes of the two tech giants by Dec. 31, culminating years of scrutiny by the department into Apple's App Store and Google's command of the online ad market. But now the decision on going to court is likely to come in March or later because of continued discussions about where to file and who will make the call, the two people told POLITICO. They spoke anonymously to discuss internal DOJ deliberations. Another major concern for the department is the likely expense of a court battle with the two companies, each of which has a market value exceeding $1 trillion. That issue became more fraught this week when Sen. Joe Manchin (D-W.Va.) torpedoed Democrats' Build Back Better package, which would have given DOJ a $500 million boost for antitrust enforcement.
The Internet

Birds Aren't Real, or Are They? Inside a Gen Z Conspiracy Theory (nytimes.com) 110

Thelasko shares a report from The New York Times: In Pittsburgh, Memphis and Los Angeles, massive billboards recently popped up declaring, "Birds Aren't Real." On Instagram and TikTok, Birds Aren't Real accounts have racked up hundreds of thousands of followers, and YouTube videos about it have gone viral. Last month, Birds Aren't Real adherents even protested outside Twitter's headquarters in San Francisco to demand that the company change its bird logo. The events were all connected by a Gen Z-fueled conspiracy theory, which posits that birds don't exist and are really drone replicas installed by the U.S. government to spy on Americans. Hundreds of thousands of young people have joined the movement, wearing Birds Aren't Real T-shirts, swarming rallies and spreading the slogan.

It might smack of QAnon, the conspiracy theory that the world is controlled by an elite cabal of child-trafficking Democrats. Except that the creator of Birds Aren't Real and the movement's followers are in on a joke: They know that birds are, in fact, real and that their theory is made up. What Birds Aren't Real truly is, they say, is a parody social movement with a purpose. In a post-truth world dominated by online conspiracy theories, young people have coalesced around the effort to thumb their nose at, fight and poke fun at misinformation. It's Gen Z's attempt to upend the rabbit hole with absurdism. [...] At the center of the movement is Peter McIndoe, 23, a floppy-haired college dropout in Memphis who created Birds Aren't Real on a whim in 2017. For years, he stayed in character as the conspiracy theory's chief believer, commanding acolytes to rage against those who challenged his dogma. But now, Mr. McIndoe said in an interview, he is ready to reveal the parody lest people think birds really are drones. "Dealing in the world of misinformation for the past few years, we've been really conscious of the line we walk," he said. "The idea is meant to be so preposterous, but we make sure nothing we're saying is too realistic. That's a consideration with coming out of character." [...]

Mr. McIndoe now has big plans for 2022. Breaking character is necessary to help Birds Aren't Real leap to the next level and forswear actual conspiracy theorists, he said. He added that he hoped to collaborate with major content creators and independent media like Channel 5 News, which is aimed at helping people make sense of America's current state and the internet. "I have a lot of excitement for what the future of this could be as an actual force for good," he said. "Yes, we have been intentionally spreading misinformation for the past four years, but it's with a purpose. It's about holding up a mirror to America in the internet age."

Government

Will Political Polarization Stop US Lawmakers from Regulating Big Tech? (nytimes.com) 82

A media lobbying group wants to see tech platforms reigned in with stronger antitrust laws. But the group's president tells the New York Times the biggest force supporting the status quo is hyperpartisanship.

The Times reports: The lack of regulation of technology companies is not because elected officials don't understand the internet. That used to be the case, and it helps explain why they have been so slow with oversight measures. Now, though, new questions about technology get mapped onto increasingly intractable political divides. Without the distractions of bizarre questions, what's left is the naked reality that the parties are deeply at odds over how to protect consumers and encourage businesses. Dozens of bills to strengthen privacy, encourage competition and quell misinformation have stalled because of a basic disagreement over the hand of government on businesses.

"Congress has again shown it's all bark and no bite when it comes to regulating Big Tech," said Jeffrey Chester, the executive director of the Center for Digital Democracy, a nonprofit consumer advocacy group, adding: "We've made no progress for decades."

The cost of the government's long education on tech is that regulation is increasingly out of reach. In April 2018, 14 years after founding thefacebook.com and more than five years after Facebook surpassed 1 billion users, Mark Zuckerberg appeared for the first time before Congress... [D]espite bipartisan agreement that tech companies have run roughshod and deserve more oversight, none of the bills discussed in those hearings four years ago have been passed. Turns out, holding a hearing that humbles the most powerful business executives in the world is much easier than legislating. Very bright lines of partisan disagreements appear when writing rules that restrict how much data can be collected by platforms, whether consumers can sue sites for defamation, and whether regulators can slow the march of dominance of Amazon, Apple, Google and Facebook.

The Times points out that, just for example, when it came to the possibility of regulating cryptocurrency, "the divides on regulation broke down along party lines" Wednesday after six crypto executives testified before a House committee. Democrats warned that the fast-growing industry needed clearer oversight. "Currently, cryptocurrency markets have no overarching or centralized regulatory framework, leaving investments in the digital assets space vulnerable to fraud, manipulation and abuse," said Representative Maxine Waters, the Democrat of California who chairs the committee. Other Democrats expressed similar caution....

Republicans hewed to their free-market stripes at the crypto hearing. Representative Pete Sessions, Republican of Texas, told the crypto executives that he was in favor of their work and that regulations the industry has embraced may go too far. Representative Ted Budd, Republican of North Carolina, worried that lawmakers could push innovation in financial technology out of the United States.

Facebook

Two US Senators Urge Federal Investigations Into Facebook About Safety - and Ad Reach (cnbc.com) 6

Two leading U.S. Senators "are urging federal regulators to investigate Facebook over allegations the company misled advertisers, investors and the public about public safety and ad reach on its platform," reports CNBC: On Thursday, Senator Warren urged the heads of the Department of Justice and Securities and Exchange Commission to open criminal and civil investigations into Facebook or its executives to determine if they violated U.S. wire fraud and securities laws. A day earlier, Senator Cantwell, chair of the Senate Commerce Committee, encouraged the Federal Trade Commission to investigate whether Facebook, now called Meta, violated the agency's law against unfair or deceptive business practices. Cantwell's letter was made public on Thursday...

In her letter to the FTC, Cantwell focused on Facebook's claims about the safety of its products, in addition to the allegedly inflated ad projections... She suggested the agency investigate Facebook and, depending what the evidence shows, pursue monetary relief for advertisers and disgorgement of allegedly ill-gotten gains.

Senator Warren points to a whistleblower's recent allegations that Facebook misled both investors and advertising customers about their ad reach, according to the article. But Warren's letter also argued the possibility Facebook violated securities law with "breathtakingly illegal conduct by one of the world's largest social media companies," according to the article. And in addition, Warren "wrote that evidence increasingly suggests executives were aware the metric 'was meaningfully and consistently inflated.'"

Bloomberg adds this quote from Senator Cantwell's letter: "A thorough investigation by the Commission and other enforcement agencies is paramount, not only because Facebook and its executives may have violated federal law, but because members of the public and businesses are entitled to know the facts regarding Facebook's conduct as they make their decisions about using the platform."
Social Networks

What's Behind the 'Birds Aren't Real' Protests? (yahoo.com) 169

It's not your everyday fake news, explains the New York Times. (Alternate URLs here.) In Pittsburgh; Memphis, Tennessee; and Los Angeles, massive billboards recently popped up declaring, "Birds Aren't Real." On Instagram and TikTok, Birds Aren't Real accounts have racked up hundreds of thousands of followers, and YouTube videos about it have gone viral. Last month, Birds Aren't Real adherents even protested outside Twitter's headquarters in San Francisco to demand that the company change its bird logo.

The events were all connected by a Gen Z-fueled conspiracy theory, which posits that birds do not exist and are really drone replicas installed by the U.S. government to spy on Americans. Hundreds of thousands of young people have joined the movement, wearing Birds Aren't Real T-shirts, swarming rallies and spreading the slogan. It might smack of QAnon, the conspiracy theory that the world is controlled by an elite cabal of child-trafficking Democrats. Except that the creator of Birds Aren't Real and the movement's followers are in on a joke: They know that birds are, in fact, real and that their theory is made up.

What Birds Aren't Real truly is, they say, is a parody social movement with a purpose. In a post-truth world dominated by online conspiracy theories, young people have coalesced around the effort to thumb their nose at, fight and poke fun at misinformation. It is Gen Z's attempt to upend the rabbit hole with absurdism... Most Birds Aren't Real members, many of whom are part of an on-the-ground activism network called the Bird Brigade, grew up in a world overrun with misinformation. Some have relatives who have fallen victim to conspiracy theories. So for members of Gen Z, the movement has become a way to collectively grapple with those experiences. By cosplaying conspiracy theorists, they have found community and kinship [according to 23-year-old Peter McIndoe, who created Birds Aren't Real on a whim in 2017...]

Cameron Kasky, 21, an activist from Parkland, Florida, who helped organize the March for Our Lives student protest against gun violence in 2018 and is involved in Birds Aren't Real, said the parody "makes you stop for a second and laugh. In a uniquely bleak time to come of age, it doesn't hurt to have something to laugh about together."

McIndoe began selling Birds Aren't Real merchandise in 2018, according to the article, and now brings in "several thousand dollars a month" with some help from his friend Connor Gaydos.

"If anyone believes birds aren't real," Gaydos tells the Times, "we're the last of their concerns, because then there's probably no conspiracy they don't believe."
United States

'China Will Soon Lead the US in Tech' (nytimes.com) 289

Graham Allison, a professor of government at Harvard, and Eric Schmidt, former CEO of Google, writing in a column for WSJ: Last year China produced 50% of the world's computers and mobile phones; the U.S. produced only 6%. China produces 70 solar panels for each one produced in the U.S., sells four times the number of electric vehicles, and has nine times as many 5G base stations, with network speeds five times as fast as American equivalents. In the advanced technology likely to have the greatest effect on economics and security in the coming decade -- artificial intelligence -- China is ahead of the U.S. in crucial areas.

A spring 2021 report from the National Security Commission on AI warned that China is poised to overtake the U.S. as the global leader in AI by 2030. U.S.-born students are earning roughly as many doctorates each year in AI-related fields as in 1990, while China is on track to graduate twice as many science, technology engineering and mathematics Ph.D.s as the U.S. by 2025. The Harvard report adds that China now clearly tops the U.S. in practical AI applications, including facial recognition, voice recognition and fintech.

The U.S. still has a dominant position in the semiconductor industry, which it has held for almost half a century. But China may soon catch up in two important arenas: semiconductor fabrication and chip design. China's production of semiconductors has surpassed America's, with its share of global production rising to 15% from less than 1% in 1990, while the U.S. share has fallen from 37% to 12%. In 5G, the Pentagon's Defense Innovation Board reports that China is on track to replicate the economic and military advantages America gained from being the global leader in 4G. China has installed 950,000 base stations to America's 100,000. By the end of last year, 150 million Chinese were using 5G mobile phones with average speeds of 300 megabits a second, while only six million Americans had access to 5G with speeds of 60 megabits a second. America's 5G service providers have put more focus on advertising their capabilities than on building infrastructure. The Chinese Communist Party has made no secret of its ambitions: China intends to become the global leader in the technologies that will shape the decades ahead.

Social Networks

Instagram's Boss Faces Congress' Questions on Harm To Teens (axios.com) 22

The head of Instagram will find himself in Congress' crosshairs for the first time Wednesday in the one area lawmakers have shown they are willing to pass tech regulations -- protecting youngsters online. From a report: Republicans and Democrats have found common ground in grilling tech companies on how their products harm children, especially after revelations in The Wall Street Journal about Instagram's potential harm to the mental health of teen girls. Instagram head Adam Mosseri will testify before the Senate Commerce consumer protection subcommittee Wednesday on how the photo-sharing app is used by teens. Ahead of the hearing, Mosseri announced changes Instagram is making to better protect young users, including launching the Take a Break option for a user that's been scrolling for a certain amount of time and building a feature that will nudge teens toward different topics if they've been dwelling on one.

The company also announced that it plans a March launch for tools parents can use to see -- and limit -- how much time their kids spend on Instagram. And Instagram in January will allow users to bulk delete posts, including photos, videos, previous likes and comments. At the hearing, expect Mosseri to emphasize Instagram's commitment to sharing data with researchers, as well as the company's support for some regulations around verifying the age of users and designing age-appropriate experiences. Instagram's parent-company Meta has criticized the Wall Street Journal's reporting, arguing that it mischaracterized the Instagram research and that most teens suffering from issues such as sadness or anxiety find Instagram helpful.

Privacy

German Coalition Backs Ban on Facial Recognition in Public Places (politico.eu) 17

Germany's incoming government is throwing its weight behind a ban on the use of biometric identification technologies such as facial recognition in public places. From a report: According to their coalition deal, the Social Democrats (SPD), Greens and liberal Free Democrats (FDP) want to "exclude" biometric recognition in public spaces as well as automated state scoring systems by AI through European law. "Biometric recognition in public spaces as well as automated state scoring systems by AI are to be excluded under European law," reads the coalition agreement, presented on Wednesday.

The EU's Artificial Intelligence Act, proposed in April, creates product safety rules for "high risk" AI that is likely to cause harm to humans. It also bans certain "unacceptable" AI uses, such as social scoring and restricts the use of remote biometric identification in public places from law enforcement, unless it is to fight serious crime, such as terrorism. The AI Act's prohibitions are some of the bill's most contentious articles, and many European countries have yet to decide what they think. Germany's support of a ban could rally other countries to the same view. Belgium and Slovakia have already expressed their support.

Robotics

'Cyber Grinches' Snatching Toys Should Be Stopped, Lawmakers Say (bloomberg.com) 161

A group of Democrats wants to stop the Grinch from stealing Christmas. Except this time around the spoilsport they're targeting is not a furry green creature, but a robot. From a report: Lawmakers including Senators Richard Blumenthal and Chuck Schumer introduced a bill to crack down on "cyber Grinches" using bots to quickly snap up entire inventories of popular holiday toys and resell them at higher prices. Their actions could make some of the items almost impossible to buy, the politicians say, exacerbating shortages sparked by supply chain woes.
United States

Centrist Dems Sink Biden's Nominee for Top Bank Regulator (axios.com) 213

Five Democratic senators have told the White House they won't support Saule Omarova to head the Office of the Comptroller of the Currency, effectively killing her nomination for the powerful bank-regulator position. Axios: The defiant opposition from a broad coalition of senators reflects the real policy concerns they had with Omarova, a Cornell University law professor who's attracted controversy for her academic writings about hemming in big banks. Their opposition also hints at a willingness of some Democratic senators to buck the White House on an important nomination, even if it hands Republicans a political -- and symbolic -- victory.

Republicans have attacked the Kazakh-born scholar in remarkably personal terms, and turned her nomination into a proxy battle over how banks should be regulated. Driving the news: In phone call on Wednesday, Sens. Jon Tester (D-Mont.) Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.), all members of the Senate Banking Committee, told Sen. Sherrod Brown (D-Ohio) -- the panel's chairman -- of their opposition. They're joined in opposing her by Sens. John Hickenlooper (D-Colo.) and Mark Kelly (D-Ariz.).

United States

Congress Decimates 911's Digital Upgrade (axios.com) 154

Public safety officials fear the nation's 911 centers will continue to languish in the analog era , after Democrats slashed proposed funding for a digital makeover in their social spending bill. From a report: The potentially life-saving ability for people to send texts, pictures or videos to 911 centers, and for centers to seamlessly share data with each other, remains out of reach for many of the country's 6,000 centers. The House Energy & Commerce Committee advanced a proposal that would have spent $10 billion on next-generation 911 centers in September, but that funding was reduced to $470 million for deployment in the final House version of the Build Back Better Act.

A cost report to Congress on next-generation 911 from 2018 estimated it would take about $12 billion to implement the networks nationwide, though advocates say $15 billion might be needed. "To say I'm disappointed is to put it mildly," Brian Fontes, CEO of NENA: The 911 Association, told Axios. "It's extraordinarily unfortunate." Next-generation 911 would allow centers to accept multimedia from those in need and let centers share data among themselves easily to ensure the best response.

Politics

A Three-Party Alliance is Set To Govern Germany (npr.org) 88

Three German parties have reached a deal to form a new government that will end the era of longtime Chancellor Angela Merkel, according to Olaf Scholz, who is poised to replace her. From a report: Scholz, of the center-left Social Democrats, said he expects that members of the parties will give their blessing to the deal in the next 10 days. At a news conference, Scholz and other leaders gave some indications of how the coalition would govern. Among the first measures agreed: compulsory vaccinations in places where particularly vulnerable people are cared for, with the option of expanding that rule. That comes as Germany is seeing a surge in cases, and the political transition has somewhat hampered the country's response. Scholz also stressed the importance of a sovereign Europe, friendship with France and partnership with the United States as key cornerstones of the government's foreign policy -- continuing a long post-war tradition. The new government will not seek "the lowest common denominator, but the politics of big impacts," Scholz promised. Robert Habeck, co-leader of the environmentalist Green party, meanwhile, said measures planned by the government would put Germany on a path to meet the goals of the 2015 Paris climate accord.

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