A District of Columbia city council member is calling on the city’s taxicab commission to allow competition to its “mediocre and unreliable” taxi services in the wake of a sting operation aimed at shutting down an innovative car service that officials say violates a number of city laws. If current law prohibits such competition, stated Mary M. Cheh (D-Ward 3), the law should be amended to allow for “improve[d] transportation options for residents and visitors alike.” Cheh’s statement comes days after city officials conducted a sting operation on Uber, an …
Silicon Valley is one of the few bright spots in the U.S. economy today, but a new report warns that Washington’s outdated regulation and antitrust policy threatens to stifle growth among innovative technology companies. The report, produced by the Progressive Policy Institute, analyzes the impact of acquisitions in the technology sector. It concludes that acquisitions lead to economic growth and job creation. There’s just one problem: Washington bureaucracy. The federal government’s process of approving acquisitions — a problem well-documented by Heritage’s James Gattuso — can slow down innovation, hamper growth …
Google is growing up. That was the message company representatives shared at Heritage this week on the Silicon Valley behemoth’s 13th birthday. (Click here to watch video of the event.) Google is making the case for the free market — and taking its message to conservatives. The Heritage Foundation hosted representatives from Google at Tuesday’s Bloggers Briefing. The meeting came just a few days after a Senate hearing in which Google executive chairman Eric Schmidt was grilled by lawmakers over the company’s search engine ranking practices. The search engine giant recently added …
Today, the Department of Labor reported that 570,000 Americans filed initial claims for jobless benefits last week. This follows news from ADP Employer Services on Wednesday that private employers cut 298,000 jobs last month. As bad as these numbers sound (and they are bad) the real threat facing our nation’s economy is that, as Gallup’s Chief Economist Dennis Jacobe puts it: “job creation in August is just not taking place in the U.S. economy.” Why is job creation more important than job loss numbers? Heritage fellow James Sherk explains: The …
For months now, the Treasury Department has been grappling with the consequences of “Too Big to Fail” — the idea that some enterprises are too large to allow to fail. Now here’s comes the Justice Department with “Too Big To Succeed,” the idea that some firms are too large to allow to suceed. That at least is the implication of a policy change announced this week by new DOJ Antitrust Division chief Christine Varney. Specifically, in two speeches, she renounced a report developed by the Bush DOJ last year on …
