legislation

This week the US top communications regulator addressed the Congressional hearing saying that antitrust laws were not enough to preserve the openness of the Internet and to allow innovation to flourish

"Antitrust enforcement is expensive to pursue, takes a long time and kicks in only after damage is done," Federal Communications Commission Chairman Julius Genachowski told.

As it became known, Barack Obama has signed Wednesday the biggest US financial-rules overhaul since the Great Depression. 

This legislation, that gives regulators tools to avoid the need for future rescues such as the $700 billion Troubled Asset Relief Program, was called by Treasury Department’s assistant secretary, Herbert Allison, as a “major watershed” for the government’s bailout programs.

Sophisticated cell phones that have built-in digital cameras make children more vulnerable to exploitation than ever before, as it was announced by law enforcement authorities. 

Wednesday, airline companies came under strong  criticism by US House Democrats because of increasing fees, the charge for checked baggage, seat selection and other services. Hence, the authorities are considering legislation to tax the revenue collected from the fees.

Today, the country we are to consider is South American Guyana. Guyana represents the third-smallest independent state on the mainland of South America (after Uruguay and Suriname) located on the northern coast that is culturally part of the Anglophone Caribbean. The country, that has an area of only 215,000 km2, is inhabited by slightly over 770,000. Meanwhile, Guyana is one of Latin America’s poorer countries, with the third lowest GDP per capita in the region after Haiti and Nicaragua.

As it became known Thursday, The Safe and Secure Internet Gambling Initiative unveiled its intention to uphold strongly Representative Jim McDermott, who has presented an updated version of the Internet Gambling Regulation and Tax Enforcement Act of 2010.

The updated act is to provide guarantee taxes and fees collected from wagers placed online in order to raise much-needed revenue for federal and state budgets.

 Great Britain will ban automatic bonuses for bankers in a new law expected to be enacted within weeks, Chancellor of the Exchequer Alistair Darling told Labour Party members Monday. 

In a speech at the party's annual conference in Brighton, Darling, who heads the U.K. Treasury, said the legislation will require bonuses to be meted out over several years. The law will also ensure that bonuses can be clawed back if bank performance deteriorates.