The US Department of Commerce is crying about China’s plan to use a local standard for next generation cell service. It argues that the move does not give consumers a choice.
According to The Associated Press, a Commerce Department office put it this way: "We should let the market determine this. If the government chooses one, that is unfair to customers." Some reports say that Chinese cellular companies would like to look at foreign standards but evidence of that is hard to pin down. The Chinese government takes a dim view of dissent.
Of course, the Chinese may object to some US laws that prevent them from doing several things inside the US like smoking in restaurants and driving over 70 mph. The Commerce Department had no comment on that.
When in Rome…
Douglas A. McIntyre
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.