Even worse, the companies that are gouging US consumers are probably going to get their wish as the Democrats appear to be folding on Net Neutrality. Each day it's more and more of a challenge to find reasons to support Democrats. The differences between the two parties when it comes to engaging the corporate world is so small.
Obama's meeting with American CEO's had to be one of the most naive moments of his term as president. As I said the other day, it is often not in the financial interest of these executives to add jobs in the US. We all know how they worship at the altar of the almighty dollar so there is more incentive to either cut jobs or move them offshore. Doing either (or both) helps show a better bottom line which often drives the stock price. One of them (Boeing's CEO) even talked about building more jobs offshore in India following the meeting. Brace yourself for a lot more of that. (To be fair to Boeing, they also said they may hire four to five thousand workers in the US due to exports in 2011. That is still thousands fewer than they fired recently.)
Whatever happened to Democrats that fight for the middle class? We must be fools to support a party that supports this garbage.
A new study suggests that the United States could do better when it comes to home ISP prices. The Technology Policy Institute's latest survey of the global high speed Internet market finds that US residential broadband subscription rates have "remained fairly stable" over the last three years, rising by just two percent.As a reminder, we pay €35/month for a 100MB fiber optic connection that also includes unlimited phone calls around the world plus TV channels. Even with the lousy exchange rate (which makes makes many countries look closer to the US) it's a deal. What a scam.
That's good, of course, since they didn't go way up. But residential broadband prices have fallen in most other countries, the paper notes—in some instances by as much as 40 percent.
The survey also found that prices in the United States for "triple play" plans are some of the most expensive among Organization for Economic Cooperation and Development (OECD) member nations.
