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posted by janrinok on Monday May 07 2018, @01:14AM   Printer-friendly
from the now-you-see-it dept.

Submitted via IRC for SoyCow3941

Pai accused of reverse Robin Hood for business buddies:

This week, one year after the US government's General Accountability Office (GAO) formally recommended that it do so, the Federal Communications Commission (FCC) moved $8bn it held in a private bank to the US Treasury.

But even though the move has long been planned for and anticipated, it has caused a furious reaction from the organization's own commissioners as well as lawmakers who are concerned it will result in money being pulled away from citizens and given to giant corporations.

The $8bn is the regulator's Universal Service Fund – a program used to subsidize telephone bills and broadband connections for lower-income citizens across the nation. Everyone pays into that fund, typically through a small monthly fee, around 9 cents, on your phone bill.

[...] "In the dark of night last week, without taking any vote the FCC moved billions of USF dollars to a new account," railed Jessica Rosenworcel on Twitter. "In doing so it sacrificed $50 million in annual interest that could have been used to support rural broadband, telemedicine & internet in schools. That's a shame."

Two days later, Rosenworcel was joined by her fellow Democratic commissioner Mignon Clyburn, who also took to Twitter to complain. "The transfer of USF dollars to the US Treasury is now underway," she complained. "What does this mean for us? A loss of more than $55,000,000 in annual interest which could have provided service to 495,495 Lifeline subscribers. Fiscal responsibility? Not!"

Source:
https://www.theregister.co.uk/2018/05/04/fcc_8bn_us_treasury_universal_service_fund/


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  • (Score: -1, Spam) by Anonymous Coward on Monday May 07 2018, @07:31AM

    by Anonymous Coward on Monday May 07 2018, @07:31AM (#676574)

    "But how will I implement that feature?" That was the question that currently plagued Chapperson, who worked as a software developer. You see, a particularly troublesome boss had given the developer a hard-to-fulfill task, and he was expected to do so within a short timeframe; such was this man's life. Still, he enjoyed developing software because it often presented him with unique challenges. As the man was thinking about this, he looked downward. "Oh!" Chapperson exclaimed.

    He hadn't even realized it. Since it was normal for Chapperson, he must have unconsciously done this. What did this man do? A woman could be seen pinned down under Chapperson; her body was covered in blood and bruises, and she was naked. How had this happened without him realizing it?

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    A man walked out of a certain house. This man had his index finger pressed up against the bottom of his chin as he walked, showing off his inquisive nature to the world. "Now, then, how shall I implement that feature?" the man muttered to himself, as he walked away...

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