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Tech News Roundup - 02/06/2018

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U.S. and U.K. lawmakers to huddle amid social media probes. U.S. lawmakers examining the role of social media in elections plan to meet with counterparts from the U.K. this week, Axios has learned. (Axios)
Seattle finds Facebook in violation of city campaign finance law. Seattle's election authority said on Monday that Facebook Inc is in violation of a city law that requires disclosure of who buys election ads, the first attempt of its kind to regulate U.S. political ads on the internet. (Reuters)
Senator warns YouTube algorithm may be open to manipulation by 'bad actors'. Senator Mark Warner of Virginia warns of 'optimising for outrageous, salacious, and often fraudulent content' amid 2016 election concerns. (The Guardian)
Senate to spotlight virtual currencies as bitcoin plunges. Digital currencies such as bitcoin will be in the spotlight again on Tuesday as lawmakers in the U.S. Senate question top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class. (Reuters)
Bitcoin Falls Below $6,000, Plummeting 70% From December High. Bitcoin fell below $6,000 on Tuesday, extending a steep slide that has wiped out over $200 billion of its market value in nearly two months. (Wall Street Journal)
Stock Markets Sink, Suggesting Global Rout Will Go On. The market sell-off in the United States ricocheted across the world on Tuesday, as investors from Tokyo to Hong Kong and London to Frankfurt voted with their feet and futures markets indicated the American stock market could be in for another tough day. (New York Times)

Tech Giants Are in No Rush to Spend Overseas Cash. Tech firms lobbied for the tax overhaul in part because it promised a one-time discounted rate of up to 15.5% on those holdings. (Wall Street Journal)

Trump Insists Again on a Wall, as Immigration, Spending Deadlines Loom. President's demand crystallizes the high hurdle faced by a bipartisan pair of senators who are introducing an immigration plan with no wall funding. (Wall Street Journal)
Trump says he wants better-educated immigrants. His plan does the opposite. The Trump administration's proposed immigration overhaul would cut not only immigrant inflow generally but especially the number of minority migrants, which may help address Republican fears about the long-term "browning" of the electorate - a trend that could benefit Democrats. (Washington Post, Editorial)
McCain's absence hurts chances of DREAMers deal. There's a cantankerous, blunt-spoken voice conspicuously absent from the immigration debate roiling Congress these days. Yes, the Senate is missing John McCain. (Politico Pro)

Green card backlog puts lives in, on the line. Lemuel Dsouza no longer sees the point of staying in the U.S. (San Francisco Chronicle)

How a court injunction could buy time on DACA. A California federal judge's injunction on the termination of DACA initially seemed a victory for the left, but it has complicated DACA negotiations on the Hill. (Axios)
With deadline looming, McConnell's plan for DREAMer debate still unclear even to GOP. Just a week away from a promised timeline to bring up a sweeping immigration debate on the Senate floor, Majority Leader Mitch McConnell is privately giving no indication how the battle over DREAMers will even begin. (Politico Pro)

Public Sector

IT hiring fair offers early successes. Federal agencies are seeing early returns from their participation in a first-of-its-kind government-wide federal IT hiring fair in November 2017. (Federal Computer Week)

Apple, Cisco team up with insurance companies to offer cyber policy discounts. Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. (Reuters)

McCaul calls on the Senate to act on cyber bills. House Homeland Security Committee Chairman Michael McCaul (R-Texas) urged the Senate to take up two pieces of cyber-related legislation -- one to restore the State Department's cyber office and another to reorganize and rename the Department of Homeland Security's National Protection and Programs Directorate cyber division. (Federal Computer Week)
Democrats lash out at consumer watchdog amid reports the agency is dropping Equifax investigation. Democratic lawmakers lashed out at the Consumer Financial Protection Bureau on Monday amid a report that the agency was backing off an investigation into a massive data breach at Equifax last year that exposed sensitive data about millions of people. (Washington Post)
Patchy Bitcoin Oversight Poses Hazards for Investors, Regulators Say. U.S. regulators plan to ask Congress to consider imposing stricter federal oversight on trading of bitcoin and other cryptocurrencies, as market cops amplify alarms about an asset that is largely exempt from investor-protection laws. (Wall Street Journal)

New Jersey governor signs net neutrality order. New Jersey on Mondaybecame the latest state to implement its own net neutrality rules following the Federal Communications Commission's repeal of the Obama-era consumer protections. (The Hill)

Internet of Things

DMV data shows Waymo and GM are leading the self-driving car race. Most of the questions surrounding the coming age of driverless cars pertain to practical things: regulation, insurance, training protocols for the cars' remote human backups. (Wired)
At car secrets trial, Uber decries 'conspiracy theory', Waymo says Uber cheats. Uber was either a cheating competitor willing to break the law to win the race to develop self-driving cars, or the victim of an unproven conspiracy theory stitched together by its main rival, Waymo, jurors heard in opening statements of a trade secrets trial on Monday. (Reuters)


The Origins of Diversity Data in Tech. Tracy Chou's call to action in 2013 preceded an industry-wide release of numbers. (The Atlantic)

From Oil to Solar: Saudi Arabia Plots a Shift to Renewables. Life in Saudi Arabia has long been defined by the oil that flows from the kingdom. (New York Times)
Exxon backs federal methane regulation. America's biggest oil company is supporting a federal regulation on emissions of methane, a potent greenhouse gas that's also the primary component of natural gas. (Axios)

Tech Business

Samsung Saga Shows Korea Reform Is Going Nowhere. The release of the conglomerate's de facto leader will do little to allay investors' concerns about the country's corporate governance standards. (Wall Street Journal)
Broadcom Raises Offer for Qualcomm to Over $121 Billion. Investors Don't Bite. Move aimed at increasing pressure on takeover target in what would be largest-ever technology deal. (Wall Street Journal)
Readers, Listen Up: Amazon Is Shaking up the Audiobook Market. Audible's pursuit of more audiobook publishing rights could squeeze traditional book publishers in the fastest-growing segment of the market. (Wall Street Journal)
Qualcomm shares fall as reports say Apple may scrap its chips. Qualcomm Inc's shares fell 3 percent on Monday after two brokerages said Apple Inc might drop the chipmaker in favor of Intel Corp as the supplier for modem chips in its next generation of iPhones. (Reuters)

ITI Member News

How Amazon & Co. can revolutionize the health care system. Out of the gate, the new health care venture from Amazon, Berkshire Hathaway and JPMorgan Chase seems to be headed in the right direction - using new technology to provide their employees better value and health outcomes. (Axios)
Apple is investigating complaints that some iPhones are making people miss their calls. Apple said Monday that it's looking into complaints that a possible glitch is preventing some iPhone X users from answering their phone calls. (Washington Post)
Despite anger, Samsung heir Lee's release lifts hopes for new jobs, investment. Samsung Group heir Jay Y. Lee's release from jail on bribery charges has some in South Korea hoping for new investments and jobs from the massive conglomerate, despite ongoing concerns over the cozy ties between government and business leaders. (Reuters)

Today on the Hill

The House will meet at 9:00 a.m. for morning hour and 10:00 a.m. for legislative business. First votes expected: 11:30 a.m. - 12:30 p.m. Last votes expected: 6:30 p.m. - 7:30 p.m.
The Senate will convene and begin a period of morning business at 10:00 a.m.
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