The FCC has ordered American cities to hand discounted access to public resources for 5G access, and to operate a bureaucracy that rubberstamps applications to use city resources without delay. The FCC prices this subsidy at $2 billion.
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Equifax CEO Richard Smith announced his voluntary retirement yesterday, two months after the catastrophic breach that permanently leaked 140,000,000 Americans' most compromising financial data. Read the rest
US infrastructure spending as a proportion of GDP is at a low not seen since WWII, and that's why America's bridges, dams, roads, power plants and other key infrastructure are such easy fodder for Hurricane Harvey (and the impending Irma devastation). Trump's plan for infrastructure spending is a "ludicrous patchwork of tax breaks and privatizations" that will do nothing to solve the problem. Read the rest
The board of directors at Mylan have rewarded former CEO Robert Coury with a $98m bonus as he steps into the executive chairman's role, having overseen a price-gouging scandal over the Epipens used by people prone to life-threatening allergic reactions. Read the rest