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Sony's New Wearable Air Conditioner Runs Even Cooler EngadgetSony upgraded its wearable AC so it's cooler and better at hugging your neck The VergeSony's mad little personal air conditioner has another new version out today t3.comSony's Reon Pocket Pro Plus is bizarre, but here's why it should be its coolest gadget yet stuff.tv
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Also in today's newsletter: Modi calls on Indians to tighten belts, and Shein accuses Temu of ‘industrial-scale' copyright violations
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I love it when organizations try and do something good, but don't think things through and end up delivering unintended negative consequences.
Today's case in point: the US Senate and the Federal Reserve, both of whom are looking to reduce high interchange costs, but are unintentionally increasing costs for merchants and sharply boosting the undiscovered fraud rate. Not bad for government work.
Let's start with the Senate, where Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) have crafted The Credit Card Competition Act of 2022. Its stated goal: reduce the interchange fee that financial institutions and card brands (Visa, MasterCard, Amex, etc.) charge retailers.
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