News 

Tech giants have year to reform or face legislation over extremist content says former GCHQ head

“Web Giants accused of doing too little to remove terrorist and extremist content have a year to reform themselves or face government legislation, a former director of GCHQ has predicted” writes Ben Farmer for telegraph.co.uk. Robert Hannigan suggested tech companies were becoming more powerful than governments, and had a tendency to consider themselves above democracy.He predicted that if firms do not take “credible” action by the end of 2018, governments would start to intervene with legislation. Source: telegraph.co.uk Share This:

Read More
News 

Government still shut down on Monday as U.S. Senate fails to clinch deal

“Senate Majority Leader Mitch McConnell offered an olive branch to Democrats late on Sunday, pledging on the Senate floor to bring immigration legislation up for debate in February if the issue is still unresolved by then” reports foxbusiness.com. The hope is that if the Senate passes an immigration bill, Trump would not only support it but help sell it to the more conservative House of Representatives.In vowing to bring immigration legislation to the Senate floor next month, McConnell shifted from an earlier position, saying earlier he would do that this…

Read More
News 

Trump: Senate should change rules if shutdown stalemate continues

“Current Senate rules require a super-majority of three-fifths of the chamber, usually 60 out of 100, for legislation to clear procedural hurdles and pass” reports foxbusiness.com. Senate Republicans oppose changing the chamber’s rules so that legislation to fund the government and end the current shutdown could pass with a simple majority, the spokesman said. Source: foxbusiness.com Share This:

Read More
News 

House Passes 30-Day Spending Bill, Sends Shutdown Drama to Senate

“House Republicans secured the votes for the legislation after Republican leaders promised to call up a conservative immigration reform bill authored by Reps” writes Susan Ferrechio for washingtonexaminer.com. House Republicans on Thursday passed a bill to keep the federal government funded until Feb. 16, sending the legislation to a possible defeat in the Senate later tonight. Source: washingtonexaminer.com Share This:

Read More
News 

House passes monthlong spending bill, sends shutdown drama to the Senate

“House Republicans secured the votes for the legislation after Republican leaders promised to call up a conservative immigration reform bill authored by Reps” writes Susan Ferrechio for washingtonexaminer.com. House Republicans on Thursday passed a bill to keep the federal government funded until Feb. 16, sending the legislation to a possible defeat in the Senate later tonight. Source: washingtonexaminer.com Share This:

Read More
Crypto News 

Israel to Tax Cryptocurrency, Publishes Draft of Legislation

“The Israeli Tax Authority today published a circular detailing a draft of new legislation that clarifies the status of cryptocurrency tokens as assets and the taxation obligations of companies that raise money through ICOs” reports financemagnates.com. Moshe Asher, head of the Tax Authority, said: “The Tax Authority is monitoring the technological developments and is working to provide an answer regarding the tax implications of virtual currency activity and the issue of digital tokens, thereby increasing the certainty and tax transparency of those operating in the field.”. It also clarifies the…

Read More
Brokers News 

US tax legislation weighs on Interactive Brokers’ earnings in Q4 2017

“Excluding other comprehensive income, Interactive Brokers reported diluted earnings per share of $1.07 for 2017, compared to diluted earnings per share of $1.25 in 2016” reports financefeeds.com. Regarding the full year to December 31, 2017, comprehensive diluted earnings per share amounted to $1.22, compared to comprehensive diluted earnings per share of $1.19 in 2016.The results for 2017 were negatively impacted by the effects of the Tax Act, which decreased diluted earnings per share by $0.46.The company notes that the Tax Act reduces the corporate income tax rate to 21% and…

Read More
News 

Our elections are in danger. Congress must defend them.  | Opinion

“Finally, no foreign power can block or otherwise hinder access to elections infrastructure, such as websites providing information on polling locations” writes Marco Rubio for sun-sentinel.com. It also hacked political campaign committees and local elections boards in a brazen attempt to undermine and subvert our elections.The United States must be fully prepared to defend our country, and the Deter Act would put in place a bipartisan, comprehensive strategy to prevent future attacks on our elections.We and other lawmakers stand willing to work with the administration to develop additional cybersecurity policies…

Read More
News 

State lawmakers continue to grapple with handling sexual misconduct complaints

“The governor eventually signed legislation requiring sexual harassment training for lawmakers and others working in the Statehouse, but the debate revealed problems in reviewing such complaints” writes John O’connor for suntimes.com. A 50-state review by The Associated Press found that about a third of state legislative chambers across the country do not require lawmakers to participate in sexual harassment training.When lawmakers returned to Springfield in November, emergency sexual harassment-awareness sessions were arranged.The letter was publicly released days before Illinois House Speaker Michael Madigan, a Chicago Democrat, introduced legislation to add…

Read More
News 

A Tentative DACA Deal in the Senate

“Nor is it clear yet that the Senate deal will form the basis for a final legislative pact” writes Russell Berman for theatlantic.com. At multiple points, he said he’d sign whatever immigration legislation Congress sent him.But at others, he reiterated his demand that any deal include funding for the wall, which Democrats oppose and which Trump had said would be paid for by Mexico. Source: theatlantic.com Share This:

Read More