One hundred years ago this month, on December 23, 1913, the Congress passed the Federal Reserve Act, establishing a national central-banking system in the United States. The governing board of the Federal Reserve was organized on August 12, 1914, and the Federal Reserve banks opened for operation on November 16, 1914.
I wish I could get Susan to agree that it’s no time to let captive thinking premised on a hypothesized market trump the competitive realities of the broadband marketplace. If such thinking ever were to lead to regulating broadband providers as public utilities, rest assured that consumers would be the real losers.
A cable TV monopoly is imminent and high prices loom, at least as far as the Associated Press is concerned. That was the angle of a widely syndicated AP story last week reporting[...]
When it comes to finding things on the Internet, there’s one company that controls the vast majority of the search market–Google. They currently perform over 70% of all Internet searches.[...]