Big Banks Fight to Block Crisis-Era Lawsuits From Continuing | The New York Times


Big banks are fighting tens of billions of dollars of potential legal costs linked to at least a dozen pending lawsuits arising from the financial crisis. Now they want the Supreme Court to weigh in, arguing that regulators took too long to file their claims.

A handful of banks, including Wells Fargo, Credit Suisse and Deutsche Bank, have asked the Supreme Court to review a lower court decision that said the regulators filed their claims on time despite a Depression-era securities law that gave them only a three-year window.

Source: Big Banks Fight to Block Crisis-Era Lawsuits From Continuing – The New York Times

Verizon Faces Probe For Neglecting Unwanted DSL Customers | DSLReports


.. while we’ve seen a rotating crop of investigations just like this one, little ever comes of them — in large part thanks to Verizon’s financial and lobbying stranglehold over state legislatures across most of the company’s east coast territory.

Verizon has of course given up on fixed-line broadband because it’s not profitable, quickly enough for the company’s investors. Instead, Verizon has shifted its focus to acquiring companies like AOL and Yahoo as it attempts to pivot and focus on the media and advertising market.

In fact the company has actively tried to drive many of these customers away with a trifecta of major rate hikes for DSL service, repair delays, and a refusal to upgrade them.

Source: Verizon Faces Probe For Neglecting Unwanted DSL Customers | DSLReports, ISP Information

Verizon could pursue further fiber acquisitions in 2017, say analysts | FierceTelecom


As the service provider looks to integrate the XO fiber assets into its fold, which will immediately deepen its metro and long-haul reach across various markets, the service provider will be able to satisfy three tiers: wireless backhaul, business services and supporting potential FiOS expansions.

After it completes its purchase of XO Communications, Verizon will immediately gain a fiber network that serves 40 major U.S. markets with over 4,000 on-net buildings and 1.2 million fiber miles. XO’s intercity network also spans 20,000 route miles connecting 85 cities.

Source: Verizon could pursue further fiber acquisitions in 2017, say analysts | FierceTelecom

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Why the AT&T-Time Warner merger is dangerous | The Verge


In my many years of covering business and technology, I’ve yet to encounter an industry as strange as wireless carriers. They are simultaneously successful and yet perpetually unhappy with their very trade. They spend tens of billions to build out huge cellular and Wi-Fi networks, and boast that they use smart network technology to serve their customers.

But they constantly worry about being just a “dumb pipe.”

For media companies, for consumers, for advertisers, the best solution is to keep distribution and content separate, so consumers and creators meet on a level playing field. AT&T, which seems more excited right now about owning media than running a network, should be forced to choose whether it wants to be in one business or the other.

Source: Mossberg: Why the AT&T-Time Warner merger is dangerous – The Verge

AT&T’s DirecTV Now plagued with outages and sports blackouts | Ars Technica


Unless customers do plenty of research or can get answers from DirecTV representatives, it’s hard to tell whether games are blacked out due to technical problems or licensing problems.

AT&T touted widespread availability of regional sports networks on DirecTV Now to assure customers that they could cancel cable and still see local games.

But a DirecTV Now help article warns that sports fans may not always be able to watch local games due to licensing restrictions.

Source: AT&T’s DirecTV Now plagued with outages and sports blackouts | Ars Technica

This is what happens when people in India refuse to stand for their national anthem | The Washington Post


In the United States, Colin Kaepernick gets death threats when he refuses to stand for the national anthem. In India, you can get handcuffs for the same thing.

Hysteria over the national anthem has reached a fever pitch in the world’s most populous democracy. People have been intimidated, assaulted and beaten by mobs for not standing during the playing of the national anthem in recent years, as a wave of nationalism has put pressure on Indians to engage in more overt displays of patriotism.

Demands to rise for the national anthem now carry the force of law. In its ruling last month, India’s Supreme Court said it was “clear as crystal that it is the sacred obligation of every citizen to abide by the ideals engrafted in the Constitution.”

Source: This is what happens when people in India refuse to stand for their national anthem – The Washington Post

USTelecom: Broadband Capex Down $1B in 2015 | Broadcasting & Cable


Broadband capital expenditures (capex) was down almost $1 billion—to $76 billion—in 2015 over the year before. That is according to USTelecom’s annual broadband investment report.

Over the 20 years the report covers, broadband industry capex has totaled $1.5 trillion.

Source: USTelecom: Broadband Capex Down $1B in 2015 | Broadcasting & Cable

Why The Trump Team Should Adopt Bill Clinton’s Plan To Reform The FCC


.. the damage has been done.

As an increasingly invasive White House put political pressure on the independent FCC, which by law reports only to Congress, the Commission shifted dangerously from expert agency to partisan football.

According to analysis from the Technology Policy Institute, party-line votes by the FCC’s five Commissioners increased dramatically under Wheeler’s tenure, with the number of unanimous decisions falling far below those of previous Democratic and Republican chairs.

Source: Why The Trump Team Should Adopt Bill Clinton’s Plan To Reform The FCC

Democratic FCC Just Committed Trump Administration To No-Bid Foreign Contract


Last week the FCC’s outgoing chairman, Democratic appointee Tom Wheeler, awarded a definitive, no-bid contract to British company SamKnows Ltd that doesn’t expire until — wait for it — January 12, 2020.

With limited exceptions, federal acquisition regulations require full and open competition for agency contracts.

It appears the FCC awarded a non-competitive contract to SamKnows to test the performance of U.S. broadband networks because the FCC had previously contracted with SamKnows for broadband testing.

Source: Democratic FCC Just Committed Trump Administration To No-Bid Foreign Contract

Demonetization: Narendra Modi’s 50-Day deadline for re-monetization set to fail


We are 17 days away from Prime Minister Narendra Modi‘s 50-day deadline to end the worst effects of the scrapping of 86 percent –by value–of India’s currency.

In the chest-thumping, hand-wringing and controversy that has ensued since the announcement on November 8, 2016, there has been an absence of facts on the question of re-monetizing India.

If the government wants to introduce Rs 9 lakh crore ($135 billion)–or 35 percent less money than it pulled out–it will take up to May 2017, and if it wants to reintroduce the entire Rs 14 lakh crore ($210 billion) that it withdrew, that could take up to August 2017.

Source: Demonetisation: Narendra Modi’s 50-Day deadline for re-monetisation set to fail