"AN INDUSTRIAL REVOLUTION"
BlackBerry and AT&T are already making moves that could exploit new ‘utility’ regulations...
In AT&T ’s 1910 annual report telecom President Theodore Newton Vail stated: “Effective, aggressive competition and regulation and control are inconsistent with each other, and cannot be had at the same time.”
"The Communications Act of 1934 granted power to the FCC to regulate telecom rates and restrict new “unneeded” competition—dangerous verbiage in a capitalistic society."
"FREAK stands for Factoring Attack on RSA-EXPORT Keys and was developed by the federal government for spying on users. The bug affects SSL/TLS protocols, and can steal data when a user visits a website. Users can be at the risk of losing passwords and bank information. During the 1990’s, the bug made its way into software abroad and there was restrictions on 512-bit encryption."
...however, Apple and Windows are likely to release patches by next week to fix the bug...
At Goldman Sachs, Stress Test Results Could Endanger an Important Profit Source...
"The Supreme Court has ruled that if the FCC applies Title II to the Internet, all uses of telecommunications will have to pass the “just and reasonable” test. Bureaucrats can review the fairness of Google ’s search results, Facebook ’s news feeds and news sites’ links to one another and to advertisers. BlackBerry is already lobbying the FCC to force Apple and Netflix to offer apps for BlackBerry’s unpopular phones. Bureaucrats will oversee peering, content-delivery networks and other parts of the interconnected network that enables everything from Netflix and YouTube to security drones and online surgery."
"FROM INTERNET TO OBAMANET"
"Google’s Eric Schmidt called White House officials a few weeks ago to oppose President Obama’s demand that the Internet be regulated as a utility, they told him to buzz off. The chairman of the company that led lobbying for “net neutrality” learned the Obama plan made in its name instead micromanages the Internet."
"The FCC regulates the airwaves, which are public property, and cable/phone services, which are natural monopolies. The Internet is neither of those things; it’s a group of interconnected private and government networks."
"No one, including the bullied FCC chairman, Tom Wheeler, thought the agency would go this far. The big politicization came when President Obama in November demanded that the supposedly independent FCC apply the agency’s most extreme regulation to the Internet. A recent page-one Wall Street Journal story headlined “Net Neutrality: How White House Thwarted FCC Chief” documented “an unusual, secretive effort inside the White House . . . acting as a parallel version of the FCC itself.”
It's probably a good idea to shut down your Online Banking Websites and Change all your passwords, but you'll need an uninfected machine to do so first...good luck ;-)
...or setup a savings account that is not tied to your checking account and add money to the checking account manually, but still change "ALL" your passwords!
FYI: "Banks will most likely pass these negative interest rates on to consumers, or at least try to. They may try to do so not by explicitly charging a negative interest rate, but by paying no interest and charging a fee for account maintenance."
"Indeed, the economist Miles Kimball of the University of Michigan has argued that if cash were eliminated and only electronic money existed, the so-called zero lower bound on interest rates would no longer exist, and central banks could easily set negative interest rates in a depressed economy to encourage more spending and investment.""That is one big reason that the E.C.B. and other central banks are going to be reluctant to make rates highly negative; it could result in people pulling cash out of the banking system."
"THE REAL REASONS RETAILERS ARE PAYING THEIR EMPLOYEES MORE"
They don't want you saving, they want you spending...and that's a fact!
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