Llamas Win the Race for Net Neutrality
Yesterday, the Federal Communications Commission voted to implement new net neutrality rules to make sure all websites are treated equally.
Hold up, what’s Net Neutrality?
Right now, some websites (like Hulu) pay internet providers (like Comcast) to get faster connections than smaller websites (like this one) or those which refuse to pay. Think of it as paying a toll to use the highway express lane.
Earlier this month, the FCC announced a proposal to treat the Internet like a public utility, meaning that internet providers cannot grant preferential treatment to anyone. And those rules got put into place yesterday.
So we un-broke the internet?
Not yet. As you can imagine, the internet providers aren’t happy about losing out on this potential revenue stream. The cable companies are expected to fight the rules, and they have a winning track record. In 2010 the FCC initiated a set of rules which the internet providers challenged and a U.S. Court of Appeals subsequently struck down.
Perhaps most importantly though, for anyone who told you staring at adorable llamas were a waste of time, VentureBeat explains that these runaway llamas actually have a lessons to teach us about net neutrality.
Greece Gets a Reprieve
Greece is breathing a sigh of relief right now. This week, the Eurozone agreed to give Greece a four month extension on its bailout, with the German government voting to back the extension today. The extension came just in the nick of time, as Greece’s original bailout was set to expire tomorrow. Long story short, Greece had to be bailed out in 2010 during the recession, and still hasn’t recovered.
A bailout expiration would have caused Greece to run out of money, and also could have gotten it kicked out of the Euro. The holdup was Greece’s new government, which doesn’t want to have to do “crazy” things like cut spending in exchange for the funds.
Now the Greek government gets to play the fun game of taking a more disciplined approach to budgets and spending, in accordance with the bailout extension, while also meeting its promises to voters that it would ease up on its spending cuts. Hmmm.
If you’re worried about missing your daily dose of Greek drama, don’t fret! In four months Greece will likely still not be able to fund itself, and we may see a whole new round of bailout talks.
Still confused about this whole Greece thing?
Check out my guide to the Greece bailouts here.
The Great Dress Debate of 2015
I only see blue and black.
Spoiler alert: I’m right.
So, You Want to win an Oscar?