Michael Harriot, columnist at The Root, and Jarad Geldner, Senior Advisor at The Democratic Coalition, discuss the FCC's vote to repeal net neutrality, the Obama-era regulations that restricted internet service providers from prioritizing certain sites and apps over others.
Harriot weighs in on what the move would mean for politics. Internet service providers will be able to allow or block ads of certain political parties of their choice, or possibly ones that have bought ad space or invested in their company. We ask Geldner what the U.S. government stands to gain from the move, adding that it simply seems like a handout to big internet companies, allowing them to take advantage of consumers.
Harriot notes his surprise that major companies like Google, Facebook, and Netflix have not been as vocal recently about their opposition to the net neutrality repeal. Harriot says that content creators like Netflix stand to lose the most.
Geldner talks about various litigation against the repeal, including a fight from the Democratic Coalition.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
