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FCC Takes on Comcast, GM Crops and the Housing Bailout

Daily Update

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FCC Takes on Comcast, GM Crops and the Housing Bailout

The Federal Communications Commission puts Comcast in the hot seat over its network management practices.

Security becomes the number one cost for scientists developing genetically modified crops in the UK.

Major new housing legislation awaits the President’s signature.

1. TECHNOLOGY

The Federal Communications Commission puts Comcast in the hot seat over its network management practices.

CEI Expert Available to Comment: Vice President for Policy Wayne Crews on the price of greater government inference:

“Freezing today’s Internet into a regulated public utility via net neutrality regulation – as the FCC seems hell-bent on doing – would be the worst possible move, slowing investment and innovation and resulting in fewer new companies, products and technologies.”

 

2. ENVIRONMENT

Security becomes the number one cost for scientists developing genetically modified crops in the UK.

CEI Expert Available to Comment: Senior Fellow Gregory Conkovandalize research facilities than debate the science: on groups who would rather

“Greenpeace, one of the principal advocates of the precautionary principle, wrote in its Internal Revenue Service filings that the organization's goal is not the prudent, safe use of recombinant DNA-derived foods or even their labeling; rather, they demand nothing less than these products’ “complete elimination [from] the food supply and the environment.” Many of these groups do not merely proselytize for illogical and stultifying regulation or outright bans on product testing and commercialization; they advocate and carry out vandalism of field trials.”

 

3. BUSINESS

Major new housing legislation awaits the President’s signature.

CEI Expert Available to Comment: Special Projects Counsel Hans Bader on why the bill is both bad policy and bad politics:

“The White House capitulated on the mortgage bailout bill, which now will become law, thanks to the ‘gullible’ Treasury Secretary, Hank Paulson, who got Bush to cave in to the bill after earlier threatening a veto. …this was a political blunder, but also part of a disturbing pattern on Capitol Hill. The mortgage bailout bill will spend many billions of dollars to bail out the government-backed mortgage giant Fannie Mae, which engaged in massive accounting fraud to enrich the liberal power-brokers who run it.”