The Federal Trade Commission issued a final rule Tuesday to ban noncompete contracts that prevent employees from joining rival companies in a move that immediately drew a legal challenge.
U.S. Chamber of Commerce President and CEO Suzanne Clark said the measure was illegal and would hurt businesses and workers.
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In the movie The Perfect Storm, George Clooney and Mark Wahlberg are among the crew of a boat off the Northeast coast that is caught in the convergence of multiple powerful storms. The combination of tempests ultimately takes down the craft and its crew. We should all hope one of our nation’s most vital industries doesn’t succumb in similar fashion as it is caught in a perfect storm of ideological rigidity, bureaucratic arrogance, and regulatory overreach.
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We have seen a rise in parents concerned about social media’s impact on our children across Tennessee and America. As a proud parent and the chairman of Latinos for Tennessee, I firmly believe that parents must play a central role in ensuring the safety of our children online. I also firmly believe in states’ rights and that when it comes to enforcing legislation to protect our children, I trust Tennessee’s own Attorney General Jonathan Skrmetti much more than the bureaucrat-heavy Federal Trade Commission (FTC).
I have previously written that the well-being of future generations depends on our federal representatives taking appropriate action to protect children by empowering parents. This issue has become even more pressing as children increase their daily screen time. As a leader in the Latino community, I worry because, “Latino adolescents have a higher rate of social media use” and “face greater risks of experiencing adverse mental health outcomes,” according to the Julian Samora Research Institute at Michigan State University.
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Republican Ranking House Judiciary Committee Member Jim Jordan told Biden administration authorities Tuesday to show how their agencies are obeying the Supreme Court’s June West Virginia v. EPA decision limiting the EPA’s power to unilaterally regulate emissions.
The court ruled in West Virginia v. EPA that the Environmental Protection Agency (EPA) could not set carbon dioxide emissions caps for power plants to force a national transition away from coal power without explicit congressional authorization. Jordan sent letters to Attorney General Merrick Garland, Under Secretary of Commerce for Intellectual Property Kathi Vidal, Department of Homeland Security (DHS) Secretary Alejandro Mayorkas and Federal Trade Commission (FTC) Chair Lina Khan asking whether their agencies are complying with the decision.
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An internal memo published by the Federal Trade Commission (FTC) Thursday detailed Chairwoman Lina Khan’s vision for antitrust enforcement, including plans to target several of Big Tech’s business practices.
The memo, sent to FTC commissioners and staff, titled “Vision and Priorities for the FTC,” outlined several key antitrust enforcement areas Khan sought to prioritize, including addressing “root causes” of monopolies, considering the harm of anticompetitive conduct on workers and other businesses, and focusing on “next-generation technologies.” Although Khan did not identify any of the major tech companies by name, she highlighted several allegedly anti-competitive business practices that have been the subject of tech antitrust litigation.
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With the rise of populist and bipartisan resentment against Big Tech monopolies along with the recent appointment of Big Tech opponent Lina Khan as chairman of the Federal Trade Commission, government action against these companies seems imminent. People are waking up to the fact that they have way too much power and are a threat to the American way of life.
As if on cue, prominent conservatives have come to the defense of these monopolies. Most recently, Robert Bork Jr. argued in National Review that breaking up Big Tech would lead to “a slippery slope to the end of capitalism and the rise of political management of the economy.” He agrees with conservatives such as Representative Jim Jordan (R-Ohio), who says, “These [anti-monopoly] bills give power to the FTC, the new commissioner we all know is radically left.”
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Facebook filed a petition Wednesday asking for Federal Trade Commission (FTC) Chair Lina Khan to recuse herself from the FTC’s antitrust case against the company.
The tech giant argued in the petition that Khan’s public statements, in which she suggested Facebook’s conduct constituted an antitrust offense, violated the company’s due process rights.
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