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Key Issues

Tax Reform

CBO: Ending Corporate Tax Deferral Could Raise $100 Billion.   A new Congressional Budget Office study throws some cold water on the idea of overhauling U.S. corporate tax policy to make it more like other developed countries’ tax policies.  The study suggests that the current U.S. system is bad enough, but some of the alternatives being advanced by businesses likely would be worse.  (WSJ)

Cybersecurity & Privacy

Iran said to be responsible for cyberattacks on U.S. banks.  The massive wave of DDoS attacks that hit U.S. banks recently was thought to have been done by a fringe hacker group, however government officials now believe it was the work of Iran.  (CNET)

Global security breaches are now an 'epidemic': report.  According to one security expert, global security breaches are now comparable to an "epidemic" -- and immediate action must be taken.  (ZDNet)

Apple, Facebook, Microsoft unite on app privacy front.  Apple, Facebook and Microsoft are joining forces for a new initiative to educate developers about privacy.  Called “ACT 4 Apps,” the initiative will be run by the Association for Competitive Technology, a trade association for application developers. The effort will focus on bringing privacy experts to developer events and include its own gatherings to talk about federal and state laws and how developers should include privacy considerations when making applications.  (Politico Pro)

'Cyber attack risk' to UK forces.  The UK is at risk of an attack in cyberspace because of government "complacency", an influential group of MPs warns.  (BBC)

Yes, It's True: Location and Consumer Privacy Can Co-Exist.  Location-based technologies are allowing businesses to create meaningful engagement with consumers. Used properly, there are some revolutionary ways to deepen the relationship that will benefit both groups without compromising privacy.  (Huffington column/D. Rush)

Global Trade

USTR Preparing To Notify Congress On Services Negotiations.  The Office of the U.S. Trade Representative is preparing to notify Congress, as early as this week, of its intent to begin formal negotiations for a plurilateral services agreement with 19 other World Trade Organization members, according to informed sources.  (Inside US Trade)

Nokia's India factory in tax raid.  Finnish phone maker Nokia becomes the latest foreign telecom company to face tax issues in India as its factory in Chennai is raided by tax officials.  (BBC)


China proposes two-year MVNO trial.  Chinese government wants public feedback on its draft proposal for mobile virtual network operator trials, aimed at increasing competition in the market dominated by three telcos.  (ZDNet)


Justice Department and Patent Office Issue Policy Statement on Patents.  The Department of Justice and the Patent and Trademark Office are urging that standard patents not be used as weapons in the smartphone wars.  (NYT)

U.S. Tech Firms Facing Stronger European Data Protection Measures.  Efforts by American regulators to contain an effort in Europe to increase data protection regulations may not be enough to slow the momentum in Europe.  (NYT)

EU lawmakers seek to limit use of data by internet firms.  EU lawmakers want to limit companies' ability to use and sell data, such as internet browsing habits, to advertising companies, especially when people are unaware their data is being used in such a way.  (Reuters)


Check It Out: 'The Human Face Of Big Data'.  As I venture into new fields (like thinking about physics and cities) I become more astonished at Big Data's capacity for revolutionizing the way human beings organize themselves for better or for worse.  (NPR)

The business benefits of machine to machine.  CIOs, other IT leaders, and management are beginning to wake up to the potential of machine-to-machine communications to deliver real business benefits.  (ZDNet)

Tech Business

At CES, Chinese Electronics Giants Compete for American Eyes.  For a group of Chinese hardware makers trying desperately to make a name for themselves with U.S. retailers and consumers, CES is crucial. For Hisense, Huawei, Haier, TCL, ZTE and other Chinese firms you’ve likely never heard of, CES is an opportunity to reach the masses, as they hope to go from anonymous tech providers to brands in their own right. (Wired)

Samsung's big push for 2013: content, corporates.  Samsung Electronics, the global leader in consumer smartphones, is planning two major thrusts in 2013: bulking up mobile content and moving faster into the corporate market dominated by Research in Motion.  (Reuters)

ITI Member News

Apple Chief Returns to Flush But Vexing Market.  Apple Inc.’s Tim Cook is visiting China publicly for the second time since becoming chief executive officer in 2011.  Mr. Cook met with Miao Wei, head of Ministry of Industry and Information Technology, to exchange views on the development of China’s information and communications industry, global mobile communications, the development of smart devices and trends in innovation, the ministry said Tuesday on its website.  (WSJ)

Panasonic considers headcount savings, asset sales in revival plan.  Japan's Panasonic Corp may see its headcount fall further and may sell non-core money-making business units to raise cash.  (Reuters)

Qualcomm introduces Snapdragon 800.  Qualcomm’s CEO describes the Snapdragon 800 as enabling “console quality” graphics on a mobile device.  (

Sony Aims to Get Mojo Back With Linked Gizmos.  Sony is enabling its Bravia TVs, Handycam camcorders and Xperia phones to communicate with each other as Chief Executive Officer Kazuo Hirai tries to end four years of losses.  (Bloomberg)

Apple Working on Lower-End iPhone.  Apple is working on a less expensive iPhone, a big shift in strategy as its supremacy in smartphones has slipped.  (WSJ)

Lenovo to Sell Smartphone Based on Intel Chip.  Lenovo is seeking to extend its push into the smartphone market by becoming first to sell a handset based on Intel Corp. (INTC)’s latest chip design. (Bloomberg)

Nokia's 2012 highs and lows: From most popular US Windows Phone to Finland's biggest lay-offs.  A raft of recently released data on Nokia's performance over the last year is giving some insight into how the Finnish phone maker is doing in Europe and beyond.  (ZDNet)

1600 Penn.

There are no public events on the President's schedule today.

Today on the Hill

House:  The House has adjourned until 2:00 p.m. ET on January 14.

Senate:  The Senate has adjourned until 11:30 a.m. ET on January 21.