A NEWS CO-OP IN DC SO YOU DON'T HAVE TO BE

Daily archive

May 18, 2017

FCC Chair Ajit Pai Tips First Domino in Play Toward Internet Dystopia

by

In a vote that lasted just a few seconds, the Federal Communications Commission (FCC) initiated the deconstruction of sweeping internet regulations that preserve open access to independent information. The Notice of Proposed Rulemaking, which aims to repeal Net Neutrality protections, was approved by the three-member commission in a 2-1 party line vote on Thursday morning. Passage of the measure kicks off a public comment period that ends on August 16. During that time, the FCC will solicit feedback on its repeal proposal. FCC Chairman Ajit Pai…

Keep Reading

Steve Mnuchin Walks Back Administration Support of Glass-Steagall

by

President Trump isn’t interested in restoring the Glass-Steagall Act, reversing prior claims made by White House officials. Treasury Secretary Steve Mnuchin said Thursday that the administration doesn’t support the segregation of retail and investment banking—the crux of the Depression-era legislation. “We think that would have a very significant problem on [sic] the financial markets, on the economy, and on liquidity, and we think there are proper things that we could look at around regulation,” Mnuchin said. “But we do not support a separation of banks…

Keep Reading

Go to Top