FCC caving on net neutrality

Josh Silver of Free Press is reporting terrible news on the issue of net neutrality:

On Sunday, the Washington Post reported that the Federal Communications Commission is expected to abandon its pledges to protect Net Neutrality and to ensure universal, affordable broadband. The story cites anonymous insiders confirming that FCC Chairman Julius Genachowski is "leaning toward" siding with the most powerful phone and cable lobbyists on a crucial decision: whether the FCC will have any authority to protect an open Internet and make it available to all. It is a testament to the phone and cable industry's overwhelming influence that they seem to have convinced the nation's communications agency to swear off authority to protect Americans' right to open communications. But it is stunning that Genachowski would even contemplate allowing it to stand, given President Obama's repeated pledge to ensure fast, affordable, universal Internet broadband for every American.
The FCC has the power to correct the damage done by a recent Court of Appeals decision that has heightened this crisis. Josh Silver explains:

In early April, a a federal appeals court ruled that, based on decisions by the Bush-era FCC, the agency lacks the authority to regulate broadband providers. In so doing, the court effectively handed control of the Internet to companies like Comcast, AT&T and Verizon -- allowing them to slow down or block any website, any blog post, any tweet, any outreach by a congressional campaign. The FCC no longer has the power to stop them. Fortunately, the FCC does have the power to easily fix the problem by "reclassifying" broadband under the law. All it would take is a vote by its five commissioners -- and Genachowski already has the votes.

This is your chance to take action--it will take you 3 minutes to write to Chairman Julius Genachowski--remind him that he represents the People of the United States, not the telecoms. Or as Art Brodsky of media public interest group Public Knowledge says,
The telephone and cable companies will object to any path the chairman takes . . . He might as well take the one that best protects consumers and is most legally sound.

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Elizabeth Warren on why we need a consumer agency to protect borrowers

Federal TARP watchdog Elizabeth Warren is warning that the Republican proposal for a "consumer protection agency" is anti-family.

"I'm tired of hearing politicians claim to support families and, at the same time, vote with the big banks on the most important financial reform package in generations. I'm deep-down tired of it."
The current Senate bill, sponsored by Democrat Christopher Dodd, which would house the new consumer agency within the Federal Reserve,
adheres to Warren's four tests: a chief appointed by the president, an independent source of funding, the authority to write consumer rules and the ability to enforce them against unscrupulous lenders. The unit, thus, focuses squarely on consumers. Ensuring banks' profitability is left to banking regulators. The Republicans' counter-proposal, released this week, fails all four of Warren's tests.
Warren describes the Republican proposal as follows: ""The whole idea of the substitute is to take a bunch of regulators that already failed and throw them in a committee together."

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Three political axis

At the Daily Dish, Andrew Sullivan presents Noah Millman's 3-axis political taxonomy system:

liberal vs. conservative (attitudes toward the individual and authority) left vs. right (attitudes toward social/economic winners and losers) progressive vs. reactionary (attitude toward past and future)
My reaction? We need something like this. We need better labels (than "right" versus "left"), to enable better dialogue.

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Stifling our teenagers?

Are we wrecking our teenagers by over-protecting them? That is the conclusion of Dr. Joe Allen. Newsweek sums up his book as follows:

Allen has concluded that our urge to protect teenagers from real life – because we don’t think they’re ready yet – has tragically backfired. By insulating them from adult-like work, adult social relationships, and adult consequences, we have only delayed their development. We have made it harder for them to grow up. Maybe even made it impossible to grow up on time.

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William Black shoots straight about Lehman Fraud

William Black speaks bluntly about what should be criminal acts of the government and Lehman. He talks about the pathetic staffing of federal regulators, that don't constitute excuses (as some are now claiming), but admissions. These plain and undeniable facts should be on the front page of every newspaper. Our government caved to the pressure of the entities being regulated and crippled its own investigative team. We need to hear a lot more rhetoric of this clarity and tone.

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