Tuesday , November 21 2017
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What will be the residual effect of New America’s split with Open Markets?

Summary:
On Tuesday morning the New York Times reported that New America, a US think tank, had parted ways with its Open Markets team after Alphabet executive chairman Eric Schmidt complained about a press release.Google and Schmidt are donors to New America, and Schmidt himself was chairman of the think tank until last year. The press release from Open Markets director Barry Lynn had praised the European Commission’s decision in June to fine Google for breaching EU anti-trust rules. In the aftermath of the press release, according to the Times, “word of Mr. Schmidt’s displeasure rippled through New America, which employs more than 200 people, including dozens of researchers, writers and scholars, most of whom work in sleek Washington offices where the main conference room is called the ‘Eric

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Cardiff Garcia
Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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