DealBook: F.D.I.C. Seeks $2.5 Billion From Executives of Failed Banks

The Federal Deposit Insurance Corporation said on Tuesday that as of mid-December it had authorized lawsuits against 109 directors and officers of failed financial institutions in an effort to recover nearly $2.5 billion.

DealBook: F.D.I.C. Seeks $2.5 Billion From Executives of Failed Banks

Backlink: http://feeds.nytimes.com/click.phdo?i=2b3e67d146498521ef87b36ab17eb9a0

Alabama Town’s Failed Pension Is a Warning

As cities and states struggle to pay for pensions, Prichard, Ala., is a worst case. Some retirees have become destitute.

Alabama Town’s Failed Pension Is a Warning

Backlink: http://feeds.nytimes.com/click.phdo?i=36cb7cf93214a85cd7a0caa293c84f27

How the FCC failed the nation on Net Neutrality

Writing in Salon, Dan Gillmor takes a crack at explaining what a cowardly let-down the FCC's cop-out Net Neutrality rules are:

But when it came to rules that might boost network neutrality -- the notion that end users (you and me) should decide what content and services we want without interference from the ISPs -- the FCC's order paid lip service to the concept while enshrining its eventual demise. In theory, land-line carriers (traditional phone and cable companies, for the most part) won't be allowed to play favorites. In practice, the new rules invite them to concoct new kinds of services that do precisely that.

But even that fuzzy concept won't apply to mobile carriers, which means that discrimination will be explicitly permitted by companies like AT&T; and Verizon for customers of the iPhone and iPad, among other devices that are increasingly the most important entry point to the Internet.

The rules are also an open invitation to ISPs to spy on their customers. Genachowski's repeated references to users' right to use "legal" content were code words for the entertainment industry's push to have ISPs become their enforcement arms in the copyright wars. Hollywood wants your ISP to watch everything people do, and then block users who are alleged to be infringing.

The FCC's weak new "open Internet" rules

 

• WTF: FCC cites Android as reason we don't need wireless Net ...
• Tim Wu on Net Neutrality/Google-Verizon betrayal - Boing Boing
• FCC loses big in court's Comcast ruling over Net Neutrality ...
• FCC chairman promises net neutrality except that Hollywood can spy ...
• Boing Boing: Former FCC Chairman shills against Net Neutrality

How the FCC failed the nation on Net Neutrality

Backlink: http://feeds.boingboing.net/~r/boingboing/iBag/~3/cz-6s7O5_g8/how-the-fcc-failed-t.html