By Heather Scoffield Economics Columnist Mon., May 13, 2019 Twice in the past 10 weeks, Big Tech has told Ottawa to get lost. First, Google refused to play along with new election rules on advertising, saying it didn’t have time to prepare. Then, Facebook refused to implement recommendations of the federal privacy commissioner, ignoring his findings of breach of trust. Now, like parents who have nurtured their high-tech children in the name of economic development only to watch them grow up and take over the house without heed for consequences, policy-makers don’t quite know what to do. The most powerful companies in the world, whose market value is growing exponentially, are meeting their day of reckoning in Europe, where lawmakers are introducing regulations, taxes and fines to curtail their power. In the United States, one of the co-founders of Facebook called last week for the breakup of the company through antitrust laws. Democratic presidential … [Read more...] about Canada has a small hand when it faces off against Big Tech
By Doug Smith Sports Reporter Sun., May 12, 2019 First off the top a very Happy Mother’s Day to all who qualify, hope you’re spoiled and taken care of and appreciated all day. Hope that all the time, of course, but especially today. And now here’s another big old weekend mailbag to wade through before the 7 p.m. game, for which those of us who now don’t have to write an early story are very thankful. - Q: Hi Doug From your perspective, is there anything left for the Toronto Argonauts to try in order to get more bums in seats at BMO Field? Moving there from the Rogers Centre has not helped and they are so far off the radar that they are now barely an afterthought. Article Continued Below Love your column too! Regards, Mike Guelph, Ontario A: I honestly don’t know what’s next. I don’t think they market themselves well enough to a broad audience and maybe there’s some nifty way to get themselves in … [Read more...] about Movies, fans and a Jeremy Lin question in a full mailbag
LONDON — In Spain, activists were convicted for social media posts that violated an expanded anti-terrorism law. The Twitter accounts of German citizens were blocked because of rules enacted last year that prohibit hate speech. And a Dutch court determined Google must remove search results about a doctor punished for poor performance, in compliance with a privacy law. Heralded as the world’s toughest watchdog of Silicon Valley technology giants, Europe has clamped down on violent content, hate speech and misinformation online through a thicket of new laws and regulations over the last five years. Now there are questions about whether the region is going too far, with the rules leading to accusations of censorship and potentially providing cover to some governments to stifle dissent. The unintended consequences may be compounded as European governments pursue more laws and policies to restrict what communication can be shared online. Last month, Britain proposed appointing … [Read more...] about News Europe takes on big tech: Has it gone too far?
OMAHA, Neb.: Warren Buffett's Berkshire Hathaway Inc on Saturday swung to a big quarterly profit, bolstered by gains in its stock investments, and also posted a small increase in operating earnings.The US$21.66 billion overall profit, or US$13,209 per Class A share, compared with a year-earlier net loss of US$1.14 billion, or US$692 per share, and a fourth-quarter net loss of US$25.39 billion.These results illustrate what Buffett has called the "wild and capricious" and, in his view, meaningless swings caused by an accounting rule requiring the reporting of unrealized stock gains with earnings, regardless of Berkshire's plans to sell. Berkshire had US$15.1 billion of these gains in the first quarter.Operating profit, which Buffett considers a better performance measure, rose 5 percent to US$5.56 billion, or about US$3,388 per Class A share, from US$5.29 billion, or US$3,215 per share, a year earlier.Analysts on average expected operating profit of about US$3,399 per Class A share, … [Read more...] about Buffett’s Berkshire swings to big profit as stocks gain
By Doug Smith Sports Reporter Fri., May 3, 2019 Wasn’t that something quite unexpected? Say what you will about the Raptors but they’ve always played hard and found a way to stay in games somehow and they didn’t last night and that’s the most glaring failure of the evening. “I think we got out-played in just about every area we could get out-played. In overall physicality, energy, cutting, rebounding, passing, all that kind of stuff,” was how Nick Nurse hit the nail on the head. “We got thoroughly out-played and it’s been a while, it’s been a while since you’ve seen this team play this way.” He’s right. Article Continued Below The sum of our work was this piece by Bruce and this item from me and the consistent theme – they didn’t play like they usually play – is the troubling one for them. Not sure it’s any solace and giving solace is not my thing anyway but … [Read more...] about Raptors drop a big old stinkbomb all over Philadelphia in Game 3