Call to action: President Barack Obama tasked his administration today with creating concrete proposals to reduce gun violence that has plagued the nation. “This time, the words need to lead to action,” says Obama, who set a January deadline for the recommendations. He vowed to push for their implementation without delay and also called for stricter background checks for people who seek to purchase weapons and limited high-capacity clips. The full story is here.
Hitting the brakes: The U.S. government’s foray into the car business is slowly coming to an end. The Treasury Department announced today that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout. Taxpayers will lose money on the deal, but it gets the government out of the car business. Complete details are available in the full story here.
Striving for balance: New online child privacy rules will keep anonymous advertisers and marketers from siphoning personal information about preteens, but won’t restrain innovation among technology companies and businesses that rely on the Internet to reach consumers, government officials announced today. But those assurances failed to win over software developers who say the cost of complying with the new regulations and the risk of violating them will cause many responsible businesses to abandon the children’s marketplace. The full story is here.
