FCC Chairman Plans Net Neutrality Deregulation
November 21, 2017
Homeland Security ends temporary residency for 60,000 Haitians; US home sales speed up.
- FCC Chairman Ajit Pai to plan net neutrality de-regulation. Chairman of the FCC Ajit Pai will reveal plans to deregulate the disparate treatment of internet traffic, so called “net-neutrality” rules, Tuesday. The Obama era FCC regulation ascertained that all traffic on the internet was subject to the same download speeds, creating, proponents argue, a “level playing field” for different kinds of traffic. Proponents of net-neutrality include many left-leaning advocates, but also large streaming companies such as Netflix. Advocates for deregulation argue that net neutrality discourages investment in broadband networks. Pai will likely bring the rule change up for a vote in December, a vote which will likely pass due to the Commission’s Republican majority. The move may spark a legislative initiative in Congress, where Democrats may try to compromise to codify net neutrality into law. [Politico]
- Homeland Security ends temporary residency for 60,000 Haitians. The DHS announced Monday that it would cancel a temporary residency program that allowed Haitians who were already in the US at the time of the 2010 earthquake to remain here. Acting Secretary Elaine Duke canceled a similar program for Nicaraguans earlier this year. The cancellation gives affected Haitians until 2019 to leave the US or apply for another immigration category. The secretary did, however, choose to continue the designation for temporary residents from Honduras, a program that protects 86,000 people. [The Hill]
Economic Indicators & News
- US home sales speed up. Home sales increased more than expected, but a chronic shortage of homes, and the resulting higher prices, remains to be a bottleneck in the real estate market. Existing home sales rose 2.0%, beating analyst estimates of 0.7%. Realtors cautioned, however, that the reduction or cap of the mortgage interest tax deduction would likely affect home buyer demand in the upcoming year. Home on the market fell just over 3%, and housing inventory dropped for its 29th straight month, increasing the median home price to $247,000. [Reuters]