By:
Marguerite Reardon
May 9, 2019
The Federal Communications Commission voted Thursday to block China Mobile from providing service in the US and said it’s reviewing the status of other Chinese providers due to national security concerns.
In a unanimous 5-0 vote, FCC commissioners rejected a 2011 application from China Mobile USA to provide services for phone calls between the US and other countries. Multiple federal intelligence agencies had urged the agency to reject the request amid concerns that the Chinese-controlled provider would use its access to US communications networks to threaten national security.
“China Mobile ultimately is owned and controlled by the Chinese government,” FCC Chairman Ajit Pai, a Republican, said in a statement ahead of the vote. “There is a significant risk that the Chinese government would use China Mobile to conduct activities that would seriously jeopardize the national security, law enforcement, and economic interests of the United States.
By: New York Times
March 28, 2017
Score one for the machines.
The largest fund company in the world, BlackRock, has faced a thorny challenge since it acquired the exchange-traded-fund business from Barclays in 2009.
These low cost, computer-driven funds have exploded in growth, leaving in the dust the stock pickers who had spurred an earlier expansion for the firm. The rise of passive investing — exchange-traded funds, index funds and the like — has revolutionized the investment world, providing Main Street investors with greater opportunities at lower fees while putting pressure on even Wall Street’s biggest money managers.jhkhjhjkjh