Roughly 2,000 Complaints Received by FCC About Internet Service Providers
July 30, 2015
Roughly 2,000 complaints about Internet Service Providers have been sent to the Federal Communications Commission by consumers under the agency’s new net neutrality rules.
• Roughly 2,000 complaints about Internet Service Providers have been sent to the Federal Communications Commission by consumers under the agency’s new net neutrality rules. Among the complaints, consumers showed a frustration with various aspects of their internet service, from having their speeds capped or slowed to being charged exorbitant fees after using a certain amount of data. When they approved the net neutrality order earlier this year, the Commission didn’t ban data caps across the boards, but they did ban choosing which traffic to slow, allowing websites to pay for faster delivery of data to consumers, and blocking certain traffic. The rules are aimed at ensuring that internet providers don’t favor certain content over others. Some critics of the controversial rules contend that the Commission has vastly overstepped its bounds by classifying the internet as a utility, and a federal court is currently considering challenges to the law from industry groups. [The Hill]
Economic Indicators & News
• U.S. Gross Domestic Product grew at a seasonally adjusted rate of 2.3% in the second quarter, less than the forecast 2.7% expected growth. This year’s growth is also less than last year’s tepid first half and is well below the overall pace of the recovery. The Commerce Department reported that the economy grew at a 0.6% rate in the first quarter. These figures repeat a common pattern in recent years: a slump at the start of the year, followed by a bounce back in the spring and summer, which has worked out to mediocre growth over the past six years. There has been no sustained breakout for the economy since the end of the recession in 2009, but it still may be enough to nudge the Federal Reserve toward raising short-term interest rates from near-zero as soon as September. Today’s report showed that stronger consumption and solid residential investment helped drive the second-quarter GDP growth, along with an upturn in exports and a boost in state and local government spending. [WSJ]
• Jobless claims remained at rock bottom levels of about 267,000 in the July 25 week. The 4-week average is down 3,750 to a 274,750 level. Continuing claims rose 46,000 to 2.262 million, while the 4-week average slipped 1,000 to 2.255 million. These are very low readings, though factory retooling often leads to volatility at this time of year. That aside, unemployment remains very low, signaling a very favorable labor market. [Bloomberg]