asterisk2a + revolving-door   9

FCC approves plan to consider paid priority on Internet
The proposal is not a final rule, but the vote on Thursday is a significant step forward on a controversial idea that has invited fierce opposition from consumer advocates, Silicon Valley heavyweights, and Democratic lawmakers. The FCC will now open the proposal to a total 120 days of public comment. Final rules, aimed for the end of the year, could be rewritten after the agency reviews the public comments. + http://www.cnet.com/uk/news/obama-pledges-net-neutrality-laws-if-elected-president/ "Obama pledges Net neutrality laws if elected president. The presidential hopeful says if elected, he'll prioritize enacting antidiscrimination rules for broadband providers during first year in office. Will others follow?" + http://www.spiegel.de/netzwelt/web/netzneutralitaet-in-den-usa-fcc-zum-zwei-klassen-internet-a-969678.html + http://www.economist.com/blogs/schumpeter/2014/05/fcc-s-net-neutrality-plan - Wheeler a former cable-industry lobbyist
Net  Neutrality  FCC  USA  presidency  barackobama  barriers  to  entry  discrimination  Innovation  Silicon  Valley  competitive  advantage  competitiveness  comparative  advantage  economies  of  agglomeration  economies  of  scale  Start-Up  Start-Ups  revolving-door  Lobbying  lobbyist  lobby  revolving  door  Washington  Career  Politicians  interest  groups  public  policy  infrastructure  investment  infrastructure  public  good  public  utility 
may 2014 by asterisk2a
Why Americans Are Moving Less: New Jobs Aren't Worth It - Richard Florida - The Atlantic Cities
[symptom of the working poor and squeezed middle class and wage stagnation || http://youtu.be/_k9q8rBfRVY + http://youtu.be/akVL7QY0S8A + http://youtu.be/nIimu0LF4JA + http://youtu.be/BOMoC0_m5pQ // Americans are moving less—and not as far—because it's not nearly as worthwhile economically. Most moves are local, from neighborhood to neighborhood in the same city or county, and are largely driven by seeking better housing or more proximity to family and friends. But long-distance moves between states are different. These interstate moves are typically driven by those seeking better job opportunities. Since the 1980s, neither the job opportunities nor the potential for better wages have made such moves worth it, according to the study. It finds that by 2013 the rate of interstate relocations had fallen 51 percent below its 1948 to 1971 average levels, the peak years for such longer-distance moves.
working  poor  squeezed  middle  class  wage  stagnation  inequality  income  mobility  income  inequality  social  mobility  USA  fiscal  policy  public  policy  Gini  coefficient  middle  class  Robert  Reich  economic  history  Thomas  Piketty  economics  microeconomic  policy  microeconomics  macroeconomic  policy  macroeconomics  elizabethwarren  Elizabeth  Warren  babyboomers  generational  contract  Debt  Super  Cycle  sovereign  crisis  private  consumer  bubble  jubilee  zombie  consumer  Consumerism  productivity  minimum  wage  living  wage  secular  stagnation  stagnation  labour  market  labour  market  participation  Super  Rich  lobby  Lobbying  lobbyist  crony  capitalism  revolving-door  presidency  barackobama  Career  Politicians  accountability  transparency  democracy  corporate  governance  governance  job  market  job  creation  skill-biased  technological  change  skills  knowledge  worker  White-collar  Blue-collar  Higher  Education  bubble  formal  cost  Apprenticeships  on  job  training  Germany  UK  Europe 
april 2014 by asterisk2a
Simon Johnson: Why Does Wall Street Always Win? - NYTimes.com
Book: “The Payoff: Why Wall Street Always Wins,”

Mr. Connaughton is a fascinating witness and raconteur because he has been through the revolving door several times: in between work in the Senate and the Clinton White House, he spent 12 years in one of Washington’s top lobbying firms. This author has really lived in and understood the Wall Street-Washington corridor. The book is partly about his education — and ultimate disappointment, most of all with the Obama administration but definitely with both parties.

[...]

The system is rotten, to be sure, but this president came to office promising change — and that is exactly what we did not get on most crucial dimensions related to the financial sector. The failure depicted on this front is political and ultimately about money — and all the power that Wall Street can buy, one way or another.
GFC  toobigtofail  accountability  transparency  governance  Politics  revolving-door  lobbyist  Lobbying  lobby  WallStreet  barackobama  presidency 
august 2012 by asterisk2a
REVEALED: Corzine’s MF Global Was Client of Eric Holder’s Law Firm
revolving door between corporations / Wall Street / Law - to politics and justice departments and regulators - and vice versa.
regulators  revolving-door  WallStreet  lobby  barackobama  presidency  GFC  EricHolder  transparency  fraud  accountability  MFGlobal  DOJ 
july 2012 by asterisk2a
JPMorgan Hires Ex-SEC Enforcement Chief McLucas in Probes - Bloomberg
The revolving door of Regulators/WallStreet/Politics

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, has hired former U.S. Securities and Exchange Commission enforcement chief William McLucas to help respond to regulatory probes of the firm’s $2 billion trading loss.

McLucas is not Dimon's first foray into reg capture:

JPMorgan’s general counsel and most senior lawyer, Stephen Cutler, also previously served as the head of enforcement at the SEC. Cutler, 50, worked with McLucas at Wilmer from 2005 to 2007, before being hired by JPMorgan.
regulation  oversight  lobbyist  lobby  politics  revolving-door  WallStreet  SEC  banking  jpmorganchase 
may 2012 by asterisk2a

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