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Covid gives UK a chance to repair relations with the Irish Republic

Popular Media There is a good chance that the UK’s 2021 is a lot like Australia and New Zealand’s 2020. With vaccinations running at a decent speed, . . .

There is a good chance that the UK’s 2021 is a lot like Australia and New Zealand’s 2020. With vaccinations running at a decent speed, and assuming the Johnson & Johnson and Novavax jabs are also approved, the UK should be able to vaccinate most of the at-risk population against coronavirus by the middle of the spring.

But other countries are much further behind on vaccinations, so there is a danger of a vaccine-resistant variant emerging abroad. If it makes its way to the UK, that could bring us back to stage one, where the virus could again only be controlled by a return to lockdowns.

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Innovation & the New Economy

Misinterpreting Lockdown Claims

Popular Media Toby Young (25 Jan) writes that “lockdowns will cause more harm than they prevent.” But he cites a study that undermines his own claims. The . . .

Toby Young (25 Jan) writes that “lockdowns will cause more harm than they prevent.” But he cites a study that undermines his own claims. The paper from the National Bureau of Economic Research says, “Without any doubt, lockdowns save lives” and proposes that policy-makers “[combine] lockdowns with policy interventions meant to reduce economic distress”.

It looks at the effects of the pandemic as a whole and stresses that much of the economic damage has come from the virus itself. It does not support Young’s claims that the lockdown, rather than the pandemic itself, is the main cause of our economic woes.

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Innovation & the New Economy

A Reflection on Commissioner Pai, Chairman Pai, and Public Service

TOTM Ajit Pai has been, in my view, the most successful, impactful minority commissioner in the history of the modern regulatory state. And it is that success that has led him to become the most successful and impactful chairman, too.

Much of this symposium celebrates Ajit’s contributions as chairman of the Federal Communications Commission and his accomplishments and leadership in that role. And rightly so. But Commissioner Pai, not just Chairman Pai, should also be recognized.

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Telecommunications & Regulated Utilities

The eight biggest Covid-sceptic myths – and why they’re wrong

Popular Media There has been a huge amount of misinformation during the pandemic. Much of it was unavoidable, especially at the start as we dealt with a new . . .

There has been a huge amount of misinformation during the pandemic. Much of it was unavoidable, especially at the start as we dealt with a new virus, but some myths are persisting a year into the pandemic.

The myths range from the ridiculous to the merely implausible, but together they are misleading the public about the danger of Covid-19 and other variants. These false claims could also have serious consequences, such as fuelling premature calls to end social distancing measures before the vaccination rollout has reached a safe level.

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Innovation & the New Economy

Chairman Pai’s Legacy of Transparency

TOTM For many, the chairmanship of Ajit Pai is notable for its many headline-grabbing substantive achievements, including the Restoring Internet Freedom order, 5G deployment, and rural . . .

For many, the chairmanship of Ajit Pai is notable for its many headline-grabbing substantive achievements, including the Restoring Internet Freedom order, 5G deployment, and rural buildout—many of which have been or will be discussed in this symposium. But that conversation is incomplete without also acknowledging Pai’s careful attention to the basic blocking and tackling of running a telecom agency. The last four years at the Federal Communications Commission were marked by small but significant improvements in how the commission functions, and few are more important than the chairman’s commitment to transparency.

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Telecommunications & Regulated Utilities

COVID-19 Vaccines Show the Patent System Works

TOTM ICLE President Geoffrey Manne and Director of Innovation Policy Kristian Stout's latest post on Truth on the Market about how the successful COVID-19 vaccine trials demonstrate the value of the patent system.

With the COVID-19 vaccine made by Moderna joining the one from Pfizer and BioNTech in gaining approval from the U.S. Food and Drug Administration, it should be time to celebrate the U.S. system of pharmaceutical development. The system’s incentives—notably granting patent rights to firms that invest in new and novel discoveries—have worked to an astonishing degree, producing not just one but as many as three or four effective approaches to end a viral pandemic that, just a year ago, was completely unknown.

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Intellectual Property & Licensing

In the race for a COVID-19 vaccine, how do we balance risk and safety?

TOTM No matter your Twitter feed, “vaccines have been one of the greatest public health tools to prevent disease,” as The New York Times explained in . . .

No matter your Twitter feed, “vaccines have been one of the greatest public health tools to prevent disease,” as The New York Times explained in January…

Many are terrified that the Food and Drug Administration may hastily authorize injections into hundreds of millions. The FDA and drugmakers are trying to assuage such concerns with enhanced commitments to safety. Nonetheless, fears have been stoked by President Donald Trump’s infomercial-style endorsement of hydroxychloroquine as a COVID-19 remedy, his foolhardy disdain for face masks and campaign rally boasts of a preelection cure.

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Innovation & the New Economy

Big Tech and the Parable of the Broken Window

TOTM Aboy throws a brick through a bakeshop window. He flees and is never identified. The townspeople gather around the broken glass. “Well,” one of them . . .

Aboy throws a brick through a bakeshop window. He flees and is never identified. The townspeople gather around the broken glass. “Well,” one of them says to the furious baker, “at least this will generate some business for the windowmaker!”

A reasonable statement? Not really. Although it is indeed a good day for the windowmaker, the money for the new window comes from the baker. Perhaps the baker was planning to use that money to buy a new suit. Now, instead of owning a window and a suit, he owns only a window. The windowmaker’s gain, meanwhile, is simply the tailor’s loss.

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Antitrust & Consumer Protection

In Defense of Usage-Based Billing

TOTM In the face of an unprecedented surge of demand for bandwidth as Americans responded to COVID-19, the nation’s Internet infrastructure delivered for urban and rural users alike. In . . .

In the face of an unprecedented surge of demand for bandwidth as Americans responded to COVID-19, the nation’s Internet infrastructure delivered for urban and rural users alike. In fact, since the crisis began in March, there has been no appreciable degradation in either the quality or availability of service. That success story is as much about the network’s robust technical capabilities as it is about the competitive environment that made the enormous private infrastructure investments to build the network possible.

Read the full piece here.

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Telecommunications & Regulated Utilities