regime uncertainty

Supreme Court Messes With East Texas ‘Patent Troll’ Hotbed

"The Supreme Court on Monday delivered a major blow to so-called patent trolls—shell companies whose business revolves around acquiring patents and then suing others for infringing on them—by making it much harder to bring lawsuits in friendly venues like East Texas. In a unanimous ruling written by Justice Clarence Thomas, the court overturned a lower court's interpretation of federal venue rules and said that patent owners must sue companies in the districts where they are incorporated." Continue reading →

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Global Entry Passengers Swept Up In Trump’s Travel Ban

"American citizens certified for Global Entry often learned of the issue only when they sought to travel, according to the American-Arab Anti-Discrimination Committee, which says it received 'dozens' of complaints and is seeking agency records about the revocations through the Freedom of Information Act. The CBP did not respond to questions about how many people had been purged and restored to the 'trusted traveler' programs. Several of the people who complained about being removed from the programs were U.S. citizens originally from countries not included in the bans: India, Lebanon, and Pakistan." Continue reading →

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American Authorities Considering Personal Electronics Ban for UK Flights

"The Guardian has revealed that the Trump administration is contemplating a laptop ban on US-bound passengers traveling from UK airports. If imposed, this new ban would mean that travelers headed to the US from the United Kingdom would be unable to bring laptops and possibly other electronic devices into the cabin as part of their carry-on luggage. However, these bans have been met with widespread criticism by professionals within the technology sector." Continue reading →

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British visitors to US to be ‘asked’ for passwords and phone contacts at airports

"British visitors to the US may be asked for social media usernames and passwords and their phone’s address book under new border checks being considered at US airports. The Trump administration is considering 'extreme vetting' scenarios in which even tourists from US allies such as the UK, France and Germany are subject to intense security checks, according to the Wall Street Journal. 'We will do it when we think there’s a reason to do it,' US Homeland Security Secretary John Kelly told a US Senate committee hearing last week." Continue reading →

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New York: Facebook Can’t Challenge Demands for User Data, Or Gag Orders

"Facebook is not allowed to tell their users that law enforcement is taking their data. And Facebook is not allowed to challenge these orders on behalf of their users. So in true kangaroo court fashion, the only people able to challenge the government are those forbidden from being told that the government is investigating them. Well isn’t that convenient for prosecutors. How are gag orders even Constitutional? You would think things like free speech and the right to know your accuser might cover that. But again, the government plays by no rules." Continue reading →

Continue ReadingNew York: Facebook Can’t Challenge Demands for User Data, Or Gag Orders

Trump approves Pentagon warfighting authority expansion

"Week by week, country by country, the Pentagon is quietly seizing more control over warfighting decisions, sending hundreds more troops to war with little public debate and seeking greater authority to battle extremists across the Middle East and Africa. This week it was Somalia, where President Donald Trump gave the U.S. military more authority to conduct offensive airstrikes on al-Qaida-linked militants. Next week it could be Yemen, where military leaders want to provide more help for the United Arab Emirates' battle against Iranian-backed rebels." Continue reading →

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Trump Administration Suspends Expedited H-1B Visa Approvals

"The H-1B non-immigrant visa allows U.S. companies to employ graduate-level workers in several specialized fields, including information technology, medicine, engineering and mathematics. USCIS said that during the suspension period, individuals still can request expedited consideration, but must meet certain criteria, such as humanitarian reasons, an emergency situation or the prospect of severe financial loss to a company or said individual. The United States currently caps H-1B visas at 65,000 a year, with an additional 20,000 allowed for those who have earned advanced college degrees in the United States." Continue reading →

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Suspension of U.S.-EU Visa-Free Travel Would Have Negative Consequences

"The Global Business Travel Association (GBTA) warned that suspending visa-free travel would have a 'large negative impact,' including an additional 10 million annual visa applications to process. Additionally, the GBTA warned that if the United States retaliates with its own suspension of visa-free travel, it could mean approximately €2.5 billion in costs to EU citizens as roughly 8 million travelers would need to pay the $160 visa fee and other application costs. The GBTA also cited an Oxford Economics study that projected a 23 percent decline in travel revenue for the U.S. and Canada as a result of a suspension, as well as a projected 140,000 jobs lost in Europe and 73,000 jobs lost in the United States." Continue reading →

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Trump comes out in support of Ex-Im Bank, reversing campaign rhetoric

"On Thursday, two Democratic senators said that Trump indicated he would support the bank following a lunch with lawmakers on Capitol Hill. In addition, they said Trump promised to fill two vacant seats on the bank's board, which in the meantime is barred from financing deals of more than $10 million. 'I specifically talked with the president about the need to get the Export-Import Bank up and running,' Sen. Heidi Heitkamp of North Dakota said. 'It's great news he agreed.' Though the bank said that 90 percent of its authorizations are for small businesses, Boeing is one of its biggest beneficiaries." Continue reading →

Continue ReadingTrump comes out in support of Ex-Im Bank, reversing campaign rhetoric

India Bank Adviser Proposes Regular, ‘Surprise’ Cash Bans

If these academics have their way, government-backed paper money will further approach its intrinsic value - zero. They hope that this will drive cash-based savings into bank deposits, which generate fee revenue and a source of leverage for the banks while at the same time supplying governments with taxes and police oversight of citizens' financial lives. However, governments attempting to eliminate cash usage risk destroying trust in the 'coin of the realm', leading to cash-based savings being moved into assets such as real estate, precious metals, and cryptocurrencies instead of bank deposits. Continue reading →

Continue ReadingIndia Bank Adviser Proposes Regular, ‘Surprise’ Cash Bans