2017-12-13 06:39:00 Wed ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
The Federal Communications Commission (FCC) has decided its majority vote to dismantle rules and regulations of most Internet service providers (ISPs) that connect consumers to the Internet. Deregulation grants broadband firms power to potentially reshape Americans' online experiences.
FCC has scrapped the "net neutrality rules" that previously prohibited ISPs from blocking websites or charging for higher-quality service or specific content. This net neutrality idea means that ISPs treat all web traffic the same. By dismantling these rules to view ISPs as "information service providers", the government will no longer regulate Internet delivery as if it were a public utility such as telephone.
The FCC action reverses the FCC's 2015 decision, which was made during the Obama administration, to impose stronger oversight over broadband providers as U.S. residents have migrated to the Internet for most online communication. Removing net neutrality rules reflects the view of the Trump administration and the new FCC chairman that this deregulation will eventually help promote better telecom innovation and infrastructure for ISPs to cover more suburban and rural areas. Now broadband firms such as Verizon, Comcast, AT&T, and Charter will be able to price various online activities that use bandwidth at difference rates.
Since video takes up more bandwidth than text and imagery, ISPs may charge more. Dismantling these rules may harm tech giants such as Facebook, Google, Amazon, Netflix, and Spotify etc. These large tech firms may be worse off while consumers may or may not receive fair and open online access to all websites.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2018-02-27 09:35:00 Tuesday ET

Fed's new chairman Jerome Powell testifies before Congress for the first time. He vows to prevent price instability for U.S. consumers, firms, and finan
2017-11-19 08:37:00 Sunday ET

In 2000, a former law professor at Harvard proposed establishing the Financial Product Safety Commission in order to protect consumer rights in the provisio
2018-08-11 14:35:00 Saturday ET

The Trump administration imposes 20%-50% tariffs on Turkish imports due to a recent spat over the detention of an American pastor, Andrew Brunson, in Turkey
2018-01-15 07:35:00 Monday ET

Treasury Secretary Steven Mnuchin welcomes a weak U.S. dollar amid pervasive fears of an open trade war between America and China. At the World Economic For
2020-10-27 07:43:00 Tuesday ET

Most agile lean enterprises often choose to cut costs strategically to make their respective business models fit for growth. Vinay Couto, John Plansky,
2018-01-25 08:32:00 Thursday ET

After its flagship iPhone X launch, Apple reports its highest quarterly sales revenue over $80 billion in the tech titan's 41-year history. Apple expect