The clock is running out for Congress to pass Big Tech antitrust bills this year:

The clock is running out for Congress to pass Big Tech antitrust bills this year:

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s New Fund Plans to Invest Saudi Money in Israel:

Jared Kushner’s new private-equity fund plans to invest millions of dollars of Saudi Arabia’s money in Israeli startups, according to people familiar with the investment plan, in a sign of warming ties between two historic rivals. Affinity Partners, which has raised more than $ 3 billion, including a $ 2 billion commitment from the kingdom’s … Read more

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas:

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas:

WASHINGTON — Top US regulators proposed overhauling how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act, announced Thursday, aims to ensure lending to lower-income individuals and small businesses … Read more

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

Rampant inflation is helping reduce the weight of the world public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note:

Rampant inflation is helping reduce the weight of the world public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more