The Federal Trade Commission and 47 states are suing Facebook for allegedly squelching competition by acquiring startups, and seeking divestiture of Instagram and WhatsApp. The suits are without merit and bad economic policy. Facebook FB, -2.83% offers users a tool to create online bulletin boards where individuals, affinity groups and businesses can communicate personal news, collaborate, market products and …
Read More »Peter Morici: Here’s exactly where Biden will find common ground with moderate Republicans
Joe Biden won the presidency but the Democratic Party—at least the more radical wing that strongly influenced his platform—didn’t won the hearts and minds of Americans. Sentiment is growing for pragmatic problem-solving and re-emphasizing shared American values. Ticket splitting down the ballot and statewide propositions would seem to indicate ordinary voters are mostly moderate. And would welcome a …
Read More »Peter Morici: Trade will be the toughest test for Biden’s foreign policy
Joe Biden campaigned on a platform to restore America’s standing in the world by repairing ties with our allies, create greater domestic equity through improvements in the Affordable Care Act and aggressive efforts to advance the interests of women and minorities, and accelerate U.S. efforts to reduce greenhouse gases. The …
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