Senate Intelligence Committee wants Facebook to appear in a public Russia hearing

 According to its chairman, the Senate Select Committee on Intelligence intends to call Facebook to a public hearing on Russia’s interference in the 2016 U.S. presidential election. North Carolina Senator Richard Burr made remarks to reporters on Tuesday confirming the committee’s interest in speaking with Facebook, the Hill reports. Read More

Google stops challenging most US warrants for data on overseas servers

Google has quietly stopped challenging most search warrants from US judges in which the data requested is stored on oversees servers, according to the Justice Department.

The revelation, contained in a new court filing to the Supreme Court, comes as the administration of President Donald Trump is pressing the justices to declare that US search warrants served on the US tech sector extend to data stored on foreign servers.

Google and other services began challenging US warrants for overseas data after a federal appeals court sided with Microsoft last year in a first-of-its-kind challenge. Microsoft convinced the New York-based 2nd US Circuit Court of Appeals—which has jurisdiction over Connecticut, New York, and Vermont—that US search-and-seizure law does not require compliance with a warrant to turn over e-mail stored on its servers in Ireland. Federal prosecutors were demanding the data as part of a US drug investigation.

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U.S. government bans Kaspersky software citing fears about Russian intelligence

 Three months after the General Services Administration removed Kaspersky Lab from a list of approved federal vendors, Homeland Security is banning the Russian security software maker outright. In a statement on Wednesday, DHS Acting Secretary Elaine Duke directed all Executive Branch agencies and departments to identify any Kaspersky products being used over the next 30 days, to make a plan… Read More

Donald Trump’s 3% growth plan is only for the 1%

The stock market may care only about the growth rate, but most Americans should be very concerned about how economic growth is achieved

President Donald Trump has boasted that his policies will produce sustained 3-4% growth for many years to come. His prediction flies in the face of the judgment of many professional forecasters, including on Wall Street and at the Federal Reserve, who expect that the US will be lucky to achieve even 2% growth.

But is there any chance Trump might be right? And if he is, to what extent will his policies be responsible, and will faster growth entail grave long-term costs to the environment and income inequality? The stock market may care only about the growth rate, but most Americans should be very concerned about how growth is achieved.

Related: Why Trumponomics cannot make America great again

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Trump vows to ‘bring back Main Street’ by cutting business tax to 15%

President says US is being ‘taken to the cleaners’ by rivals and issues blunt demand for Democrats to support his reforms

Donald Trump has vowed to cut the US business tax rate to 15%, in a speech otherwise short on specifics, but heavy on “America first” rhetoric.

Addressing workers in Springfield, Missouri, the US president – who is yet to release his own tax returns – sought to take up the mantle of Ronald Reagan, the last president to oversee a major tax reduction, even though he has sharply criticised Reagan’s measures in the past.

Related: Ivanka Trump supports rollback of Obama’s policy to close gender pay gap

Related: Neoliberalism: the idea that swallowed the world

Related: The president tweeted it – but is the US economy really great again?

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Trump officials have given Australia tacit approval on TPP, Obama economist says

Matthew Goodman says the US will look to Australia to advance issues of mutual interest without actively joining trade pact

A former Obama administration official says he believes the Trump administration has given Australia tacit approval to move ahead with the Trans-Pacific Partnership, despite the president disavowing and dumping the agreement as one of his first acts in office.

Matthew Goodman, who served as White House coordinator for Asia-Pacific Economic Cooperation (Apec) and the East Asia Summit in the previous administration, told Guardian Australia he believed the Trump administration had given Australia licence to “just keep the seat warm for the United States”.

Related: Australia’s record household debt a threat to economy, says Reserve Bank chief

Related: Malcolm Turnbull holds out hope for TPP despite Trump’s opposition

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US central bank boss rebukes Trump over plan to lift regulations

Janet Yellen defends regulations and says policymakers might have forgotten damage inflicted on the economy in 2008

Donald Trump has been rebuked by the US central bank boss, Janet Yellen, for planning to scrap tough banking regulations that made the system “substantially safer” and did nothing to restrict growth or lending.

Yellen used a speech at the annual meeting of central bankers on Friday in the US ski resort of Jackson Hole to warn that policymakers might have forgotten the terrible damage wreaked on the global economy in 2008 when they seek to lift regulations that prevent risky behaviour.

Related: Trump orders Dodd-Frank review in effort to roll back financial regulation

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Trump’s economic chief criticizes Charlottesville response: we must do better

Gary Cohn is the most senior administration official to condemn the president over his initial failure to condemn neo-Nazi and white supremacist groups

Gary Cohn, Donald Trump’s chief economic adviser, has become the most senior administration official to criticize the president over his initial failure to condemn neo-Nazi and white supremacist groups, following the clashes in Charlottesville earlier this month that left one woman dead and dozens injured.

Related: Divided states of America: 62% say Trump is driving people apart, poll finds

Related: Republicans on Charlottesville: who’s with Trump and who’s against him?

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