Consumer Reports' latest telcoms survey finds that people hate their cable company with the fire of a thousand suns, and that they hate them even more than they did the last time they were asked, which is remarkable, because everyone hated them the last time they were asked. Read the rest
If you're a dominant near-monopolist like Facebook, your first preference is to have no regulation at all -- but your close second choice is to have lots of regulation that you can afford, but that potential competitors can't, sparing you the tedious exercise of buying and killing any company that might grow up to compete with you some day. Read the rest
The Consumer Financial Protection Bureau is Elizabeth Warren's gift that keeps on giving -- one of the most effective US government agencies, handing out real punishment to banks that break the law, fighting loan-sharks that prey on poor people, and maintaining a database of vetted consumer complaints against banks that have ripped them off. Read the rest
It's been ten years since the financial crisis, when barely regulated banks destroyed the world's economy, kicked off wars, and directly and indirectly killed millions. Read the rest
When it comes to killing Net Neutrality, Big Telco's major talking point is that "government regulation" has no place in telcoms; but the reality is that the nation's telecommunications providers are the recipients of regulatory gifts that run to $5B/year, and are expected to do very little in return for this corporate welfare. Read the rest
Today at 10AM local time, students across America walked out of their classes for 17 minutes, in memoriam of the 17 students murdered in the Parkland massacre at Marjory Stoneman Douglas High School in Parkland, Florida, exactly one month ago. Read the rest
Ajit Pai used his power as FCC Chairman to kill net neutrality. Read the rest
It's CPAC! The annual far-right hootenanny for preppers, false-flaggers, climate deniers, truthers, and the sort of person who closes their eyes and thinks of The Fountainhead, featuring Marion Maréchal-Le Pen of France, Nigel Farage, Sean Hannity, and mass-murder enthusiast Wayne LaPierre. Read the rest
Trump FCC Chairman Ajit Pai's tenure has been marked by a disregard for the rules under which his agency is legally bound to operate: his Net Neutrality killing order was made without satisfying the evidentiary burden required by law, on the basis of laughable lies (including more than a million fake anti-Neutrality comments from bots pretending to be dead people, nonexsitent people and people who support Net Neutrality) that even his own agency knew to be false, then stonewalling law enforcement attempts to identify the botmasters -- no surprise that Pai's Neutracide is going to be tied up in court for years. Read the rest
Mick Mulvaney, the former loan-shark lobbyist who killed plans to regulate payday lenders after being appointed chief of the Consumer Finance Protection Board, has effective abandoned the agency's efforts to punish Equifax for leaking the sensitive personal and financial information of at least 145,500,000 Americans. Read the rest
Brenda Fitzgerald was Donald Trump's Director of the Centers for Disease Control and Prevention, charged with reducing smoking among Americans and doing work that directly affected the financial fortunes of tobacco companies when she bought a stake in Japan Tobacco.
Municipal networks are cheaper and faster than the ones that cable and telephone duopolists build after being given exclusive franchises to serve cities, which is why the FCC had to issue an order banning cities to stop building them -- in the absence of such an order, it seems likely that most of America would end up using municipal internet connections (unlike today, when 100,000,000 Americans are served by a single ISP). Read the rest
Sears Canada has been in serious financial trouble since 2013, when workers wrote to the CEO and regulators and senior politicians to ask that their pensions be safeguarded. They were ignored, as they had been since 2009, when they first started asking for greater scrutiny of the pension fund. Read the rest
The Consumer Financial Protection Bureau, founded by Elizabeth Warren prior to her career as a senator, was once the gem of the US political system, a consistently effective force for punishing finance industry wrongdoing, until Trump let Wall Street robber barons loose on it, under the direction of a lawyer who represented loan sharks before going to work for the Trump administration. Read the rest
Eight of Trump's 17 cabinet secretaries do not release any information about their travel schedules -- a standard practice under the Obama and GW Bush administrations; 4 others only release incomplete, "sporadic" information; Treasury only started releasing Munichin's schedule in November and six departments illegally withhold details on who their cabinet secretaries meet with (two released some information after being sued). Read the rest
Today, the FCC ignored tens of millions of Americans' views, as well as comments from the world's leading internet scientists and the inventors of the internet, and give a huge regulatory gift to the telcoms sector it is supposed to be regulating, rolling back Net Neutrality and allowing those companies to extort blackmail money from the web publishers you try to access through their lines. Read the rest
The FCC's Notice of Proposed Rulemaking on killing Net Neutrality was flooded by anti-neutrality bots who submitted millions of comments under the names of fake people, dead people, and living people who supported Net Neutrality. The New York Attorney General has opened an investigation into this sabotage of the lawmaking process, but the FCC is obstructing justice, refusing to comply with requests that would help the AG get to the bottom of things. Read the rest
