Beijing has ordered all state government offices and public institutions to remove foreign computer equipment and software within three years and switch to domestic suppliers. (What's this via email? Sign up here .)
Trump is targeting W.T.O. As the trade war intensifies
The United States has spent two years chopping away from the World Trade Organization. This week, the Trump administration is expected to go a step further and effectively destroy the organization's system to enforce its rules, reports NYT's Ana Swanson.
• Only three members remain on the seven-member body, the least necessary to hear a case, and two-member terms expire tomorrow.
with the administration blocking new damages there would be no official resolution for many international trade disputes.
The potential loss of the disputes comes as Trump's trade war on several fronts has thrown global trade into disarray; Another tariff increase on Chinese goods set for December 15 could send markets rolling.
"The loss of the world's primary trade judge can turn the typically deliberate process of resolving international disputes into a free environment that paves the way for an outbreak of tiff-for-tat customs war," Swanson writes.
It may also lead to the end of the WTO, because the dispute settlement system has long been the most effective part.
Sprint and T-Mobile merger challenge goes to court
A case that could determine the future of the wireless industry's leader in court today in Manhattan, where a judge will weigh an argument to block the merger of T-Mobile and Sprint, Bloomberg reports.
said the merger would raise prices for consumers is a coalition with 13 states and the District of Columbia sued to block it. Federal regulators approved the deal earlier this year.
T-Mobile claims that combination with Sprint would reduce costs, thus lowering prices for consumers.
It is unusual for states to try to block a merger of this size and without the support of the federal government, the WSJ reports.
A victory for the wireless carriers could give other companies arguments for the benefits of consolidation.
But a victory for the coalition can give states new-found antitrust power at a time when they are also investigating tech giants.
Meet the Biggest Threat to Big Tech
Antitrust investigations come from technology from all directions: the Department of Justice, US Commerce Regulators and Attorney General in general. But there is a potentially greater threat to industry practice and profits.
Representative David Cicilline, chairman of the subcommittee overseeing the antitrust law, has an ambitious goal, reports Steve Lohr of NYT. He is trying to build evidence and a bipartisan consensus to change the laws.
Antitrust had been dormant in Congress for many years. However, under Mr. Cicilline, a Rhode Island Democrat, the panel has opened an investigation, held hearings and collected thousands of documents on possible competitive practices from Google, Facebook, Apple and Amazon.
Antitrust experts say this is the most serious congressional investigation of potentially competitive corporate behavior in decades.
The stagnant earnings of middle-class workers and the growing wealth gap in the United States are at least partially related to an increasing concentration of economic power, and in particular the market development of tech giants, Mr. Cicilline has believed.
His panel plans to complete the study and publish findings and recommendations early next year. The outlook for legislative measures is linked to several unknowns. The most significant ones include what the subcommittee finds, the 2020 election results and the strength of public support to curb the tech giants.
More: Big Tech's microtargeting of consumers is the most powerful tool – even more than the bucks with the money they throw at politicians.
Lack of racial diversity in the upper ranks
It is no secret that the corporate world has a diversity problem, but when it comes to African Americans, the situation looks particularly bleak. A new report shows that methods aimed at increasing racial diversity either achieve too little or do not work at all, writes NYT's Lauretta Charlton.
Corporate America needs an intervention if it wants to create a more inclusive workplace, according to the "Being Black in Corporate America" report, which comes from the Center for Talent Innovation, an ideal group focused on diversity in workplace. Some highlights of the report:
• The doubt about the effectiveness of the program's diversity and inclusion programs causes several black professionals to leave and pursue their own businesses instead.
• Black millennials are more likely than older generations to feel that they have
• Black professionals do not want to be lumped under the label "people of color" because it assumes that all black people experience the workplace in the same way.
• Measures that have achieved some success in addressing gender discrimination in the workplace may not produce the same results when it comes to racial discrimination.
For diversity and inclusion programs to be more successful, companies should oversee how black employees' dangers and feelings conclude the report, and then take steps to address "mismatches in the perception of racial equality."
"Innovation Jobs" are oncentrated on the coast
These jobs make up only 3 percent of all US jobs, but account for 6 percent of the country's economic output. And if you do not live in the right places, you will hardly be hired for one of them.
Scientists call them "innovation jobs", and they exist in about a dozen industries, including software, pharmaceuticals, semiconductors and computing. The problem: They are gathered in only a handful of urban areas along the east and west coasts, according to a report released today, writes NYT's Eduardo Porter.
Boston, Seattle, San Diego, San Francisco, and Silicon Valley captured nine of 10 jobs created in these industries from 2005 to 2017, according to the report, produced by the Brookings Institution's Metropolitan Policy Program and Information Technology and Innovation Foundation, a research group that receives funding from technology and telecommunications companies.
About 45 percent of the workforce in these industries has degrees in science, tech, engineering or math, and employers invest at least $ 20,000 per worker in research and development.
These five metropolitan regions had accumulated nearly a quarter of such jobs by 2017, up from less than 18 percent a dozen years earlier. At the other end, roughly half of the country's 382 metro areas – including major cities such as Chicago and Philadelphia – lost such jobs.
The concentration of American prosperity, along with its deepening of inequality, does not appear to decrease. The search for ideas that could improve the economic conditions of the deprived areas, which economists have long asked for as a fool's errand, is now at the top of the policy lists.
PG&E agrees to a settlement of $ 13.5 billion
PG&E reached ] a multi-billion dollar settlement on Friday with victims of fires that killed dozens of people and destroyed tens of thousands of homes and businesses in California, reports NYT's Ivan Penn, Lauren Hepler and Peter Eavis.
$ 13.5 billion agreement will help victims rebuild their homes and lives. Some of the money will go towards paying the demands of some government agencies and legal fees.
The grant is a big step forward for PG&E: It will increase the likelihood that the tool will come out of bankruptcy before a crucial deadline in June.
But PG & E's collapse has exposed the failure of a state regulator, the California Public Utilities Commission, to make the tool responsible for security, the WSJ reports.
• "The agency tasked with regulating security for utility struggles to focus on the matter while also fighting it has not prevented the state's second electricity crisis in two decades," WSJ writes.
Detractors blame the regulator's error of error on political mandates from Sacramento, inadequate financial resources and human resources, and an internal culture that left safety oversight to the tools.
Sa nna Marin former Finnish Minister of Transport and Communications, will be the country's youngest prime minister ever.
• Tesco, the UK's largest supermarket chain, is considering sales of its operations in Thailand and Malaysia as it focuses on its domestic operations. ( Bloomberg)
• Amazon is facing an antitrust decision in the UK about its plan to take a stake in the food delivery service Deliveroo. (Bloomberg)
• Acquisition company Leonard Green raised $ 2.75 billion for its first mid-market focused fund, and $ 12 billion is for the newest flagship acquisition fund. (WSJ)
• Proteus Digital Health was once worth $ 1.5 billion. Now it is trying to keep the lights on as investors flee. (CNBC)
• Plans from Hudson's Bay chairman Richard Baker to take the Canadian retail business private suffered a setback when a prominent shareholder advisory firm came out against the deal. (Bloomberg)
• GateHouse, which recently completed the acquisition of Gannett, has promised significant cost cuts, but said its goal was to screen reporting jobs as much as possible. (WP)
Politics & Policy
• Senator Elizabeth Warren revealed a compensation list she received during her 30 years with Moonlight as a legal consultant – about $ 1.9 million in total. (NEW)
• Congress is close to an agreement that would help patients by eliminating surprising medical bills and resolving billing disputes between doctors and insurance companies. ( NEW)
• Democrats took advantage of Trump's fixation of the Space Force to pursue a victory with parental leave for federal workers. (WaPo)
Trump lawsuit investigation
• Rudy Giuliani has escorted President Trump to the brink of inquiry and is even now under criminal investigation. (NEW)
• Mr. Trump refuses to get involved in the persecution process, and Democrats have concluded that they will push forward anyway, making a historic commitment little more than a pre-concluded conclusion. (NEW)
• The president's private business interests are back in two appeals courts this week in remand cases. (WaPo)
• Members of the Washington establishment are asking for help to cover the legal bills for government witnesses, such as foreign officials, involved in investigating inquiries. (WaPo)
• Internet influencers take on conventional advertising in China and hook their goods on live streams, an e-commerce trend that reflects a similar phenomenon in the United States (WSJ)  • Why Apple scrapped the release of Oscar nominee, "The Banker." their health. (NEW)
• An Apple engineer accused of stealing trade secrets for a Chinese startup had a classified file from the Patriot missile program that belonged to his former employer, Raytheon, prosecutors said. (Bloomberg)
• Amazon plans to expand the workforce in New York, prompting the pleasure of many progressive politicians who thwarted previous sweeteners that offered to lure the company to the city. (NYT)
Best of the Rest
• Donald Marron, the financier who had a 70-year Wall Street career and led Paine Webber to the retail business was sold to UBS in 2000, has died in age of 85. (Bloomberg)
• Some of the EU's largest businesses support a plan to make the block climate neutral. And many nations known as exotic holiday destinations are increasingly blaming climate change for more violent storms, and they want richer nations to pay for the damage. (Bloomberg)
• American truck giant Celadon is expected to go bankrupt this week, a move that could lead to drivers being unemployed. (Business Insider)
• As Disney tries to expand the Star Wars franchise, it learns to bring on board a new generation of moviegoers, while avoiding turning off hard fans. (WSJ)
• Companies that make or use plastic rely on a technology called chemical recycling to cut waste and reduce greenhouse gas emissions. ( WSJ)
• Individual investors flee from mutual funds at the fastest pace in decades. (WSJ)
• Some investors raise money to make sure they have enough available to lend if interest rates rise again at the end of the year. (WSJ)
• Goldman Sachs will provide digital wealth management services to people with as little as $ 5000. (FT)
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