WASHINGTON (Reuters) – U.S. Representative David Cicilline, the chairman of the House Judiciary Committee’s antitrust subcommittee, said on Wednesday he would be “comfortable with unwinding” Facebook Inc’s acquisition of Instagram.
The antitrust subcommittee on Tuesday released a report on Big Tech’s abuses of market power but stopped short of naming specific companies or acquisitions that must be broken up.
Cicilline, a Democrat from Rhode Island, told Reuters in an interview that Facebook should not have been allowed to buy Instagram, a deal that the Federal Trade Commission approved in 2012.
“I would be comfortable with unwinding that. I think that’s the right answer,” he said.
Facebook did not immediately respond to a request for comment. It has said previously that Instagram was insignificant at the time it was purchased and that Facebook built it into the success it has become.
Any effort to unwind the deal would entail the government
ARLINGTON, Va., Oct. 5, 2020 /PRNewswire/ — The Board of Directors of the Potomac Institute for Policy Studies is pleased to announce the promotion of Dr. Jennifer Buss to Chief Executive Officer, and selection of General Al Gray as the new Chairman of the Board. Dr. Buss will immediately assume all duties and responsibilities that accompany the CEO position at the Institute. She was also named a member of the Board of Directors.
“I am incredibly humbled and honored to lead the Institute. I’ve been invested in its mission since I arrived,” Dr. Buss said. “I am committed to progressing the Institute and its contributions to policy in ever-changing science and technology.”
Dr. Buss replaces Mike Swetnam, who passed away in September. “Mike challenged and inspired me every day. It is because of his mentoring, and the leadership of General Al Gray, that I am ready for this new opportunity.”
For all the woes the Permian Basin energy industry is currently experiencing – demand destruction from the COVID-19 pandemic and low oil prices – it still has a bright future.
“We think there’s a very bright future for the Permian Basin,” Bobby Tudor, chairman of Tudor Pickering Holt & Co. stated during the Permian Basin Petroleum Association’s 58th Annual Meeting, held virtually this year. “It will be different than what we were expecting. The Permian has great rock, great people, great companies and a great regulatory environment. The Permian Basin will continue to be a critical part of the global energy picture.”
Tudor said his company expects oil prices to remain rangebound at current levels and not rising above $50 for the next five years.
Still, he said Permian Basin oil production will continue its upward trajectory.
“We’re actually projecting the Permian will continue to grow; we’re showing 5.6 million
Brian Hamman, Special to The News-Press
Published 6:30 a.m. ET Sept. 27, 2020
Brian Hamman (Photo: Special to News-Press)
This year has been unlike any before it. Each of us has had to deal with unbelievable challenges, and as a nation, we have faced uncertainty about the future. One thing Lee County residents can be certain about is that their local government will provide them with a balanced budget and will keep their taxes low.
During the past several months, we have seen headlines reporting about multiple cities and states facing multi-billion dollar budget deficits. However, here at home your Board of County Commissioners has remained steadfast in producing a budget that provides financial stability while maintaining a first-class level of service and keeping our major projects on track.
When commissioners began working on the budget for next year, we focused on three core areas; maintaining the level of service
Vice Secretary of Hanoi’s Party Committee Chu Ngoc Anh was elected Chairman of the municipal People’s Committee for the 2016-2021 tenure with 95 out of 96 votes at the 16th session of the 15th Hanoi People’s Council this morning.
Mr. Chu Ngoc Anh at the Hanoi People’s Council meeting this morning.
During the meeting session on September 25, the members of Hanoi People’s Council started the process to dismiss Nguyen Duc Chung from all leadership positions and voted for Chu Ngoc Anh as the chairman of Hanoi People’s Committee.
On September 18, the politburo of Vietnam assigned Chu Ngoc Anh as the Deputy Secretary of Hanoi Party Committee. He is currently Minister of Science and Technology and will hold the post until the National Assembly’s meeting in October when he will be relieved of the post.
In assuming his new position, Mr. Ngoc Anh, who is still the Minister of
Huawei’s rotating chairman Guo Ping has announced the company will continue to do everything it can to strengthen its supply chain, despite continuing to encounter “great pressure” and being continuously “attacked”.
“Huawei is in a difficult situation these days. Non-stop aggression has put us under significant pressure,” he said on Wednesday, during his keynote at Connect 2020.
“We’re still assessing the specific impacts. Right now, survival is the goal.”
Ping elaborated on this point, specifying that the continuous attacks he referred to have been coming from the US government.
“The US has been continuously attacking us and they have modified their laws for the third time, and that has posed great challenges to our production and operation,” he said, speaking to media.
In August, US government expanded its restrictions on the Chinese tech giant by barring it from purchasing chips made by foreign manufacturers using