After the EU antitrust authority today leveled a €1.06 billion fine against Intel, the company’s general counsel Bruce Sewell gave an illuminating interview to CNBC: We better come up with a better way to restrict the EU’s range of motion on these matters. Sewell called the action “arbitrary.” The CNBC reporters called it a “shakedown.” They’re both right. Read rest …
Extraordinary admission. Better policy?
Last night on Charlie Rose, Treasury Secretary Tim Geithner made an extraordinary admission. Here’s the exchange: Rose: “Looking back, what are the mistakes, and what should you have done more of? Where were your instincts right but you didn’t go far enough?” Geithner: “There were three broad types of errors in policy. One was that monetary policy here and around the …
Info-tech = recovery
In testimony before Congress’s Joint Economic Committee today, Fed chairman Ben Bernanke noted that In contrast to the somewhat better news in the household sector, the available indicators of business investment remain extremely weak. But it is these key business sectors that are most important for a U.S. — and global — economic recovery. As important as stabilization of the housing sector …
Jack Kemp, 1935-2009
I have a photo of my father from around 1982, standing on the tarmac of South Bend airport with Jack Kemp. The economy was in the tank, and America’s world standing was uncertain. My Dad had gone to pick up Kemp, who was to speak at an event for his fellow Republican, Jack Hiler, who was our friend and congressman from …
Creating the broadband future
Lots of commentators continue to misinterpret the research I and others have done on Internet traffic and its interplay with network infrastructure investment and communications policy. I think that new video applications require lots more bandwidth — and, equally or even more important, that more bandwidth drives creative new applications. Two sides of the innovation coin. And I think investment …
