The Federal Communications Commission (FCC) considers its majority vote to dismantle net neutrality rules.
John Fourier

2017-12-13 06:39:00 Wed ET

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.

Blog+More
Fed Chair Janet Yellen confirms with her successor Jerome Powell the final interest rate hike in December 2017.
Joseph Corr

2017-12-14 12:41:00 Thursday ET

Fed Chair Janet Yellen confirms with her successor Jerome Powell the final interest rate hike in December 2017.

Federal Reserve raises the interest rate by 25 basis points to the target range of 1.25% to 1.5% as FOMC members revise up their GDP estimate from 2% to 2.5

+See More
The Chinese administration delivers a written response to U.S. demands for trade reforms.
Olivia London

2018-11-25 12:37:00 Sunday ET

The Chinese administration delivers a written response to U.S. demands for trade reforms.

The Chinese administration delivers a written response to U.S. demands for trade reforms. This strategic move helps trigger more formal negotiations between

+See More
MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.
Fiona Sydney

2019-05-19 19:31:00 Sunday ET

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation.

MIT professor and co-author Daron Acemoglu suggests that economic prosperity comes from high-wage job creation. Progressive tax redistribution cannot achiev

+See More
Anne Krueger explains why the Trump administration's current tariff tactics undermine the multilateral global trade system.
Fiona Sydney

2018-09-21 09:41:00 Friday ET

Anne Krueger explains why the Trump administration's current tariff tactics undermine the multilateral global trade system.

Former World Bank and IMF chief advisor Anne Krueger explains why the Trump administration's current tariff tactics undermine the multilateral global tr

+See More
Americans continue to keep their financial New Year resolutions.
Jonah Whanau

2019-01-15 13:35:00 Tuesday ET

Americans continue to keep their financial New Year resolutions.

Americans continue to keep their financial New Year resolutions. First, Americans should save more money. Everyone needs a budget to ensure that key paychec

+See More
Corporate strategies, portfolio choices, and management memes add value and drive business process improvements over time.
Jacob Miramar

2020-08-19 10:32:00 Wednesday ET

Corporate strategies, portfolio choices, and management memes add value and drive business process improvements over time.

Corporate strategies, portfolio choices, and management memes add value and drive business process improvements over time. Andrew Campbell, Jo Whitehead,

+See More