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Google is sharing data at a big scale

Along with the Pixel phones, watches and earbuds at Google’s annual showcase of software and devices last week came a pair of nifty-looking translation glasses. Put them on and real-time “subtitles” appear on the lenses as you watch a person speaking in a different language. Very cool. But the glasses aren’t commercially available. It’s also unlikely they will make anywhere ...

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Protecting big banks won’t help competition

  Promoting competition is a laudable goal, one that President Joe Biden has rightly made a priority for his administration. Yet in its efforts to apply Biden’s directive in the banking industry, the Federal Deposit Insurance Corporation could well achieve the opposite result — and deepen the anticompetitive moat that already surrounds the country’s largest financial institutions. Citing the president’s ...

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The Fed shouldn’t rule out faster tightening

  Prices rose in the US by 8.3% in the year to April, only a little less than the increase of 8.5% in the year to March. Most economists had expected a bigger decline. Inflation, it seems, might have peaked, but the vital question is how quickly it will fall back to an acceptable level. At the moment, the answer ...

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