Unsurprisingly, the NAB and MSTV have filed a Petition for Review with the D.C. Circuit to try to get last November’s Order permitting unlicensed use of the white spaces overruled. As is the norm, the Petition merely recites the basics of jurisdiction and the general allegation that the Order is “arbitrary, capricious and otherwise not in accordance with law.”
Of perhaps greater interest, Broadcasting and Cable reports that a coalition of Broadway groups is filing in the Second Circuit.
I have watched with a combination of amazement and horror at the way the Democratic leadership has caved in to demands that Congress enact the Paulson Plan. There are many reasons for opposing this ill-conceived plan, including the facts that it aims only at rescuing the shareholders and unsecured creditors of financial institutions and it was crafted by a former chairman of Goldman Sachs to bail his banker buddies out while leaving the rest of us with a bill for as much as $700 billion. But the worst of it is that it will do very little to address the fundamental credit contraction arising from deflation of a massive housing bubble which underlies the current crisis, as evidenced by the continued worsening of money markets even after the Senate’s adoption of the revised plan.
I have nearly laughed myself silly at Republican claims that the Paulson Plan amounts to socialism (in fact, it’s far closer to the Mefo Bill scheme that Hjalmar Schacht designed than anything the left would come up with). So I offer a plan designed by a left social democrat that would actually address the economic basis of the current credit crisis (and, thus, a socialist way to really pull capitalism’s chestnuts out of the fire). The plan is heavily influenced by Nouriel Roubini’s excellent analysis — I heartily recommend his blog for extremely insightful discussion of the credit crisis — but goes much further in remedying the underlying flaws in the financial system.
More below….
Generally, I try to limit myself to talking about things I know about and recognize what I don’t know about. But, like most of us, I occassionally think I know more than I do. Such is the case of my recent comment in ComputerWorld about the muni deployment situation in San Francisco. In the last few days, I’ve received a barrage of angry letters and calls from friends of mine on the ground in SF wanting to know what the Hell I was thinking when I said: “”They’ve created a mess in San Francisco where the city seems to be negotiating with Google or Earthlink and not the community.”
Sadly, I cannot even say I was misquoted or taken out of context. Matt Hamblen got my quote exactly right. It turns out, however, that I had it exactly wrong. As my angry SF friends have let me know in no uncertain terms, the City of San Francisco, Google and Earthlink have been conducting neighborhood surveys, meeting with local community leaders, and responding to this input with substantive changes.
So how did I screw up so badly? And what did I learn from all this? See below . . . .
Well the House and Senate have been busy little, ahem, beavers on the indecency front. The surprise is the provisions on media ownership. Will they survive a House vote over the opposition of the Republican leadership? Will Bush veto indecency regulation to save his buddies in big media? Stay tuned to Survivor: Washington.
