The sky is not falling: FCC plan to free the Internet will foster needed investment and innovation

On Wednesday, the Federal Communications Commission released its draft Restoring Internet Freedom Order , detailing the agency's plans to restore the light-touch regulatory framework that enabled vast Internet innovation and economic growth for approximately two decades. While some FCC items primarily concern policy wonks, net neutrality is one of the most controversial matters before the commission, engendering fierce national debate and a record 22 million comments filed with the agency.

Republicans explain why their tax cuts are temporary, but not really temporary

Sen. Bob Corker has expressed concern with the GOP tax bill's impact on the deficit. REUTERS/Joshua Roberts One key policy in Senate Republicans' proposed tax overhaul is that tax cuts for individuals will expire within 10 years, while tax cuts for corporations are made permanent.

UPDATE 2-Indian telecom regulator backs open internet

India's telecoms regulator made long-awaited recommendations on Tuesday to ensure an open internet and prevent any discrimination in internet access in the country. After more than a year of debate, the Telecom Regulatory Authority of India said it opposed any "discriminatory treatment" of data, including blocking, slowing or offering preferential speeds or treatment to any content.

Tahoe Reno Industrial Park developer lauds Trump’s quest to cut red tape

Lance Gilman, partner-broker of the Tahoe Reno Industrial Center, recently returned from Washington, D.C., excited about President Donald Trump's ability to cut federal regulations instead of writing them. He said Trump's focus on deregulating was the emphasis as Gilman met with high-ranking members of the administration along with other state, county and municipal leaders from across the nation.

Investigation of fake net neutrality foes stymied by FCC, N.Y. attorney general says

Proponents of net neutrality protest against Federal Communication Commission Chairman Ajit Pai outside the American Enterprise Institute before his arrival May 5, 2017 in Washington. Proponents of net neutrality protest against Federal Communication Commission Chairman Ajit Pai outside the American Enterprise Institute before his arrival May 5, 2017 in Washington.

37 of 38 economists said the GOP tax plans would grow the debt. The 38th misread the question.

An overwhelming majority of academic economists say in a new survey that the Republican tax proposals would cause America's debt to grow by one critical measure. Thirty-seven of 38 experts surveyed by the University of Chicago's Initiative on Global Markets agreed that the GOP tax bills in Congress would cause U.S. debt to increase "substantially" faster than the economy.

Exclusive: U.S. agency to vote to repeal ‘net neutrality’ rules – FCC chief

The chairman of the Federal Communications Commission on Tuesday unveiled plans to repeal a landmark 2015 order that barred internet service providers from blocking or slowing down consumer access to web content, and said the regulator will prevent states and cities from adopting similar protections. Ajit Pai, Chairman of the Federal Communications Commission, testifies before a Senate Appropriations Financial Services and General Government Subcommittee on Capitol Hill in Washington, U.S., June 20, 2017.

Sinclair-Tribune: The other major media merger in limbo

The proposed AT&T-Time Warner deal is hanging in the balance, but another major media merger appears poised for approval -- though not necessarily on schedule. Sinclair Broadcast Group, the largest owner of local television stations in the country, is bidding to become even bigger with a $3.9 billion acquisition of Tribune Media.

Trump changes tune on Chinaa s trade imbalance

President Donald Trump lavished praise on Chinese leader Xi Jinping here Thursday, touting "great chemistry" between them while refusing to criticize his counterpart for the trade imbalance that Trump railed against during his campaign. Speaking at a joint appearance with Xi in front of business leaders, Trump said the U.S. trade relationship with China is "a very one-sided and unfair one."

Supreme Court rejects Samsung appeal of patent loss to Apple

The U.S. Supreme Court on Monday refused to step back into the years-long feud over patents between the world's top smartphone makers, declining to hear Samsung's appeal of a lower court ruling that reinstated a $120 million jury award in favor of Apple. The justices left in place a 2016 ruling by the U.S. Court of Appeals for the Federal Circuit that upheld a verdict that found South Korea's Samsung Electronics Co Ltd had infringed Apple Inc's patents on several popular features of the California-based company's iPhone.

Five important reasons why a stampede into stocks may be just getting started

Wall Street Journal chief economics correspondent Jon Hilsenrath weighs in on Jerome Powell as Fed chair nominee and the current stock market conditions. Success breeds success and strength begets more strength--that will likely be the overriding theme for stocks going forward as strong fundamentals, positive sentiment and favorable seasonality keep an already pumped-up market on a steady adrenaline rush.

Entercom Enters Several Deals on Road to Merger Closing

Entercom announced a series of agreements in connection with its pending merger with CBS Radio, including: A settlement with the Antitrust Division of the U.S. Department of Justice that will allow Entercom and CBS Radio to move forward with the proposed combination; Asset exchange agreements with iHeartMedia, and Beasley Broadcast in Boston, Seattle, Richmond and Chattanooga; and a Local Marketing Agreements with Bonneville in San Francisco and Sacramento. In connection with these agreements, Entercom now expects its proposed combination with CBS Radio to close as early as November 17, pending approval from the Federal Communications Commission.

Mercer Hedge Fund Tax Dispute Moves to IRS Appeals Office

A tax dispute involving Renaissance Technologies, the hedge fund firm whose co-chief executive officer is a prominent backer of President Donald Trump, is advancing to a new phase. Members of the Internal Revenue Service's Office of Appeals are scheduled to meet with lawyers for Renaissance in New York on Nov. 7, according to a person with knowledge of the matter.

Senate GOP, with Pence assist, moves to repeal rule helping consumers in disputes with banks

The Republican-led Senate narrowly voted Tuesday to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final vote to break a 50-50 tie.