The U.S. GDP fell 0.9% in Q2, marking the second consecutive quarterly decline, meeting the standard definition of a recession. Meanwhile, the digital sector continues to serve as a rare bright spot for the economy—over $450 billion has been spent online YTD, increasing 7.5% YoY. Digital inflation continued to slow to 0.3% in June, according […]
Academics, policy experts, think tanks, advocacy groups, and policymakers are voicing serious concerns with recent anti-tech proposals—specifically the American Innovation and Choice Online Act (AICOA)—and the consequences for small businesses, consumer welfare, the economy, national security, and more.
The amended American Innovation and Choice Online Act (AICOA) explicitly carves out big telecommunications, banks, and credit card companies at the expense of small businesses and consumers. Here’s what to read to get up to speed: 1) AICOA 3.0 includes specific carve outs for telcos and financial companies, explains TechDirt blog post editor Mike Masnick […]
The Consumer price index (CPI), the economy-wide measure of inflation, rose 9.1% in June, exceeding expectations. Meanwhile, digital inflation continued to slow to 0.3% in June, according to the latest digital inflation data from the Adobe Digital Price Index (DPI). This is consistent with a June report from the Progressive Policy Institute (PPI)’s Innovation Frontier […]
The amended American Innovation and Choice Online Act (AICOA) does not address the serious national security concerns that experts have warned the legislation raises—and experts continue to sound the alarm. Here’s what to read to get up to speed: 1. AICOA “will place U.S. companies at a structural disadvantage” relative to China, warn Former Director […]
As Congress returns from the July Fourth recess, it is worth recapping what experts have said about AICOA’s negative impacts on U.S. national security, privacy, content moderation, and consumer welfare, including how the recently revised AICOA solves none of these problems yet carves out big telcos and banks. Must reads: 1) More Economic And National […]
Americans don’t want anti-tech legislation that would make popular products less useful and more expensive. Polls show that: — The top concern for Americans across the country is inflation, not tech. — American consumers and startups value the high-quality, low-cost products and services they receive from tech companies and do not want these services to […]
James Clapper, former Director of National Intelligence, warns that the proposed anti-tech legislation, the American Innovation and Choice Online Act (AICOA), sponsored by Senators Amy Klobuchar and Chuck Grassley, will hurt American national security. His op-ed expands upon arguments in an earlier open letter penned by Clapper and other national security experts. Clapper writes, “Recently […]
A group of distinguished law and technology academics sent a letter to Democratic Senators, responding to Rep. Cicilline’s claim that Section 230–which immunizes online services from publisher liability for content provided by third parties–will prevent abuse of AICOA to attack leading tech companies’ content moderation practices. The letter is addressed to Brian Schatz (D-HI), Ron […]
Antitrust expert and Stanford Law Professor Doug Melamed published a detailed analysis of the flaws in the American Innovation and Choice Online Act (AICOA) and why the Senate should not pass the bill. Melamed, the former Acting Assistant Attorney General in charge of the Department of Justice Antitrust Division and Principal Deputy Assistant Attorney General, […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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