Senate Judiciary Committee targets Big Tech’s app practices
The Senate Judiciary Committee takes up two bills today aimed at reining in the power of Big Tech companies such as Google and Apple. One bill would force tech giants to open up their app stores to more competition. The other would bar them from favoring their own apps and services. Rising prices haven’t stopped people from buying products from big companies such as Procter & Gamble, data shows. Community colleges will be getting a big financial boost from the Biden administration, so what can they do with it?
Calls for compensation after Tonga’s volcanic eruption sparks oil spill in Peru
From the BBC World Service: Authorities in Peru say a tanker spill has caused an “ecological disaster” with hundreds of dead animals. Government officials have urged Repsol, the Spanish refinery operator, to do more to help cleanup efforts. Plus, a cyberattack on the International Red Cross exposes half a million vulnerable people. And, there are concerns the game-like nature of some stock trading apps encourages too much risk taking.
In order to make room for the expansion into 5G, carriers are shutting down their 3G networks. AT&T plans to discontinue its 3G network by February 22, T-Mobile by July 1st, and Verizon by the end of the year. Commercial 3G networks first started popping up in the early 2000s and were about 30 times faster than their 2G predecessors. Marketplace’s Kimberly Adams speaks with Joanna Stern, senior personal technology columnist at the Wall Street Journal, who wrote about the coming shutdown.
What’s so great about 5G?
AT&T and Verizon rolled out their expanded 5G services today. One listener wonders: What’s 5G anyway, and why do we need it? We’ll explain why it’s been a long time coming. Plus, our fill-in hosts answer more listener questions about wage theft, the Great Resignation and the climate implications of wood stoves versus electric space heaters.
Here’s everything we talked about today:
“What is C-band 5G? Verizon and AT&T are flipping on the switch in the US” from CNN
ICYMI: Kai explains the issue with 5G and altimeters
“Employers steal billions from workers’ paychecks each year: Survey data show millions of workers are paid less than the minimum wage, at significant cost to taxpayers and state economies” from the Economic Policy Institute
“Fast-Food Workers Describe Harassment, Wage Theft During Pandemic” from Business Insider
“US Labor Agencies Strike Deal to Share Enforcement Information” from Bloomberg Law
“More quit jobs than ever, but most turnover is in low-wage work” from New York Times
“The economy is still in pandemic shock. But some state governments are flush with cash” from The Washington Post
“Cities Tap Federal Relief Aid to Reward Workers With Bonuses” from Bloomberg
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Trump-era steel tariffs are over, but not for the U.K.
Trump, tariffs and Brexit — it might sound like a throwback, but it’s the present for British steelmakers. President Joe Biden cut a tax on steel imported from European Union countries last year, but the United Kingdom was excluded. Though the U.S. and U.K. plan on discussing the tariff rift, the future of British steel remains uncertain. We also hear about the impact of rising mortgage rates, tackle why rising oil prices could be here to stay and chat about a new environmental transparency policy for publicly traded companies.