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An America drowning in red ink is the land of the free no more
Topic - Daniel Castro
Technology companies and industry groups took President Barack Obama's speech on U.S. surveillance as a step in the right direction, but chided him for not embracing more dramatic reforms to protect people's privacy and the economic interests of American companies that generate most of their revenue overseas.
Angered by revelations of National Security Agency surveillance, Brazilian officials have stepped up work on legislation to make Internet companies store data locally, so it is subject to Brazilian law.
Shares in Facebook finally matched the company's much-hyped initial public offering price of $38 when it went public 14 months ago. But while some applauded the company's recent recovery, which analysts attributed to a major increase in revenues from mobile advertising, Facebook's market challenges aren't over just yet.
Japan's big bats helped the team from Tokyo earn a trip to the Little League World Seriestitle game.
Tennessee players threw their gloves in the air as they converged near third base before falling to the ground with big smiles.
"They're in very different situations, the telecoms versus the tech firms," says Daniel Castro, a senior analyst with the Information Technology and Innovation Foundation, noting that historically their relations have been very different.
Obama's proposal made "progress on the privacy side, but it doesn't address the economic issues," Castro said. "I don't see anything in the speech that will prevent companies in other countries from using what the NSA is doing to gain a competitive advantage over the U.S. companies."