Antitrust regulation will change under Biden, but don’t expect revolution.

first_img– Advertisement – F.T.C. commissioners serve staggered terms and need Senate approval, so it could take time for the balance to shift. In any case, experts say the political climate isn’t ripe for an aggressive policy overhaul. David Vladeck, a Georgetown University law professor and former director of the F.T.C.’s consumer protection unit, said that even though “antitrust laws haven’t worked very well in the digital economy,” he doubted a revolution was either desirable or possible. Similarly, Eleanor Fox and Harry First of New York University, who recently outlined new rules to rein in Big Tech, said there was plenty of room for consensus in the ideological middle, balancing nuanced views on market efficiency and consolidation. – Advertisement – The F.T.C.’s five commissioners are currently three Republicans and two Democrats. The Democrats, Rohit Chopra and Rebecca Slaughter, often oppose the majority’s “permissive” treatment of corporations, and one of them could become the new head of the agency. Indeed, the House Committee on Energy and Commerce recently urged Mr. Simons to “immediately stop work on all partisan, controversial items,” noting that leadership “will undoubtedly be changing.” – Advertisement – A debate has raged between more laissez-faire conservatives and the so-called progressive “hipster antitrust movement” seeking a more muscular competition policy overhaul, especially toward Big Tech. President-elect Joseph R. Biden Jr. is expected to seek a balance between these competing ideologies.center_img And Sean Royall, a former deputy director of the F.T.C.’s competition bureau who is now a partner at the legal giant Kirkland & Ellis, said, “The changes we expect are on balance fairly moderate.” Joe Simons, the chairman of the Federal Trade Commission, said Thursday that monopolies could “squash” smaller competitors by buying them, a possible warning shot ahead of the agency’s expected lawsuit against Facebook. The statement highlights how the agency’s approach to antitrust could change under a Biden administration, as the Democratic Party’s left wing pushes for even tougher enforcement, the DealBook newsletter reports.- Advertisement –last_img read more

First-time buyers ready for restoration dream

first_imgThe home at 38 Hunter St, Wooloowin.IT was a case of the first home buyer beating the developer for a change when a house in Wooloowin sold under the hammer recently.The two-bedroom home on an elevated 728sq m block at 38 Hunter St had been in the same family for eight decades before selling to a young couple for $890,500.Amanda Butler, of Butler and Co Estate Agents, said the buyers planned to restore the 1936 house and make it their dream family home.“The seller was happy about that,” she said.“It was very emotional for the seller but the time was right to move on.”More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019The auction attracted five registered bidders — a mix of developers and first home buyers.Ms Butler said developers had been keen on buying subject to conditions, but the auction format suited the young first-time buyers the best.The home had been marketed as an opportunity to either renovate or develop, given its zoning and proximity to schools, public transport and local amenities.It comes with all the original features you would expect from a property of that era, including ornate ceilings and dark hardwood floorboards.The large back deck offers views across the suburb and the range.Ms Butler said Wooloowin was a high-demand market given its location, just 6km from the CBD.According to data from CoreLogic, Wooloowin has a median house price of $735,500 and a median unit price of $479,000.last_img read more

Amir Khan refutes Terence Crawford’s accusations of quitting after low blow

first_img“No, I didn’t quit. I was hit with a low blow,” Khan said. To that, Crawford replied: “You quit with a shot in your leg?””The leg? I was hit in the balls,” came Khan’s riposte. “I’ve not seen the replay, but it was a low blow. If you guys think I quit, no problem. He was the better fighter and beat me tonight.” Join DAZN and watch more than 100 fight nights a yearKhan took a couple of minutes to recover before declaring himself unable to continue as he and trainer Virgil Hunter took the decision to end the fight amid boos from the Madison Square Garden crowd.Crawford, ahead on all three cards, was awarded a TKO, extending his perfect record to 35-0, and in the subsequent media conference Khan was asked if he had given up.”I would never quit, I would rather be knocked out. I’m one of those fighters where I’d rather be knocked out in fights,” Khan said. “I have been knocked out in fights because I’ve tried to win fights.”Crawford then interrupted, saying: “You didn’t quit? Tell the truth. So what happened?” Amir Khan vehemently denied Terence Crawford’s accusation that he quit on their WBO welterweight title bout after receiving a low blow from the champion.Crawford had already floored Khan in the first round when, in the sixth, he caught his opponent with an accidental shot to the groin.last_img read more

Fortnite Chapter 2, Season 3 start time: When does new season begin after live event?

first_imgBuilt for one reason. To defy the Storm.The Cyclo Outfit is ready to fulfill its purpose in the Item Shop now. pic.twitter.com/yB9evVWBQn— Fortnite (@FortniteGame) June 14, 2020Fortnite Chapter 2 Season 3 countdownThe countdown above will count until when we anticipate the Fortnite Chapter 2, Season 3 patch update will take place. It’s impossible to know exactly when the game will be ready to play immediately, but it should be ready by the time most people in the EST time zone will wake up.Fortnite Season 3 Battle PassThe Battle Pass for Fortnite Chapter 2 Season 3 should follow the same price point as previous seasons. This means the main Season 3 Battle Pass will cost 950 V-Bucks (about $9.50) with the Battle Bundle costing 2,500 V-Bucks (about $25.00). The Battle Bundle version lets you skip past the first 25 tiers of the Battle Pass. The Fortnite live event took place on Monday, June 15, but a completely brand new map did not happen right away.Click here to watch what happened during Fortnite’s Doomsday event. Like previous season changes, the start of the new season typically takes place a little while after the main event begins. Although this time is slightly different because the live event is taking place on a Monday, the first time ever a season-ending event has happened during a weekday in Fortnite.There is still a wait for Fortnite Chapter 2, Season 3, but it’s not as long of a wait as previous seasons.MORE: Everything to know about the Fortnite live eventWhen does Fortnite Season 3 start?Fortnite Chapter 2 Season 3 will start on Wednesday, June 17. This is two days after the Fortnite live event that takes place on Monday, June 15. Epic Games typically begins the update at 2 a.m. EST and the downtime lasts for about 2-3 hours.In the mean time between the live event and the official start of Season 3, there will likely be some sort of map change. We’ve seen in previous seasons how a live event has resulted in a minor map change for the in-between time. Such as when the robot took down the monster and left behind a skeleton on the map.But by the time the season starts, you can expect a brand new map.last_img read more