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The FCC Needs To Abolish A Lot More Than Net Neutrality

Authored by Sam Estep via The Mises Institute, The end of the Obama administration's regulatory regime known as net neutrality has brought with it prophecies of impending doom from across the political spectrum. Leaving aside the hyperbole, most objections stem from concerns that Internet service providers (ISPs) will start “discriminating” by offering preferential speeds and […]


The 10 “Grey Swans” Events For 2018

One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row, Nomura’s Bilal Hafeez has found a loophole, or rather loop-animal: the grey swan. As Hafeez writes, while he would like to be […]


Frontrunning: December 18

Bitcoin Takes Bigger Wall Street Stage With Smooth CME Debut (BBG) Trump targets China and Russia on national security (Reuters) Panthers owner to sell team amid misconduct allegations (Reuters) Prosecutors Treat Opioid Overdoses as Homicides, Snagging Friends, Relatives (WSJ) U.S. taxpayers rush to claim deductions under threat from tax bill (Reuters) This One Weird Tax […]


Net Neutrality – The End Of Google’s Biggest Subsidy

Authored by Tom Luongo, Net Neutrality is gone.  Good riddance. Lost in all of the theoretical debate about how evil ISPs will create a have/have-not divide in Internet access, is the reality that it already exists along with massive subsidies to the biggest bandwidth pigs on the planet – Facebook, Google, Twitter, Netflix and the […]


Frontrunning: December 15

Some GOP Senators Press for Late Changes in Tax Bill (WSJ) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ) Net neutrality repeal gives Democrats fresh way to reach millennials (Reuters) With Fox Deal, Disney Adds Hulu to Its Digital Kingdom (WSJ) Treasury Yields […]


Saudi Arabia Launches Misguided $19 Billion Stimulus In Desperate Bid To Kickstart 2018 Growth

If you haven’t been living under a rock in recent months, it’s been impossible to miss the turmoil in Saudi Arabia and its relations with the outside world. A few weeks ago we published a piece by Chris Martenson of PeakProsperity.com “If The Saudi Arabia Situation Doesn't Worry You, You're Not Paying Attention”. Martenson argued. […]


FCC Votes To Repeal Obama-Era Net Neutrality Protections

Update: House Speaker Paul Ryan (R-WI) issued the following statement following Federal Communications Commission (FCC) Chairman Ajit Pai’s actions to undo net neutrality regulations: “Despite its unassuming name, the Obama administration’s net neutrality regulation threatens the free and open internet that has done so much to advance modern society. The Trump administration’s action to roll […]


Frontrunning: December 12

Parties Make Final Push Ahead of Dramatic Alabama Senate Race (WSJ) Oil hits two-and-a-half year high on pipeline shutdown, stocks take breather (Reuters) Alabama drama nears an explosive end (The Hill) Moore, Jones Expose Rural-Urban Divide That Defines Alabama Race (BBG) The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors (WSJ) Austrian Explosion Rattles […]


New Study Says 40% Of American Households Will ‘Cut The Cord’ By 2030

Cord cutting is a topic which we discuss on a fairly regular basis, particularly over the last several quarters as the subscriber losses for cable companies have seemingly accelerated (see: Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV).  Not surprisingly, one of the biggest losers of the cord cutting phenomenon has been ESPN, a media […]


Frontrunning: December 1

Tillerson, Cohn Could Leave White House in Wave of Senior Departures (WSJ) Senate grapples with tax cut plan’s impact on deficit (Reuters) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Markets ignore best European factory data in 17 years (Reuters) Tax Debate Plays Out in TV Ads Targeting Key States Across U.S. (BBG) […]


FCC Unveils Plan To Roll Back Net Neutrality Rules

The Trump administration has just set in motion a plan to repeal virtually all of the U.S. government’s existing net neutrality rules — a move that could soon deliver a major deregulatory win to telecom/cable giants like AT&T, Charter, Comcast and Verizon.  Ironically, the move comes just as another Trump administration department, the DOJ, seems […]


Did The DOJ Just Kill All Future Hope For Mega Media Mergers?

There is no doubt that AT&T needs the Time Warner deal…badly. Their land-based distribution network, which is dependent on old copper telephone lines, is far inferior to their cable competitors which have since installed coaxial or fiber lines that supply far faster internet speeds to data-hungry homes and businesses.  Of course, just a few years […]


Watch Live: AT&T, Time Warner Respond To DOJ Anti-Trust Lawsuit

Update (5:40 pm ET): In a statement, AT&T CEO Randall Stephenson vowed to fight the DOJ's lawsuit. He said AT&T's challenge is about preserving the rule of law against an overreaching DOJ anti-trust division. He also said that, while he doesn't know for sure if the opposition is political in nature, he's not surprised that […]


DOJ Sues AT&T To Block Time Warner Deal

Update (5:20 pm ET): According to Bloomberg, a Justice Dept official says the govt’s lawsuit to block AT&T’s planned $85.4b purchase of Time Warner wasn’t influenced by President Trump or anyone else in the White House. * * * Update (4:50 pm ET): Court documents have confirmed that the DOJ is suing to block the […]


AT&T Shocked By DOJ’s Imminent Merger-Blocking Lawsuit

Update (4:20 pm ET): David R. McAtee II, Senior Executive Vice President and General Counsel at AT&T, has released a statement responding to reports DOJ plans to sue to block its purchase of Time Warner. In the statement, McAtee says he's "confident" the courts will side with AT&T.. "Today's DOJ lawsuit is a radical and […]