Posts tagged with: COMCAST CORPORATION

eat the richThe rich get richer and the rest of us…well, we struggle along. Shouldn’t those with more money be spreading it out a bit more? My coffers clink with spare change; I sure could use some of that money. It only seems fair, right?

Peter Morici, at Breitbart News, tackles the truth of income inequality. Those of us in the “rest of us” category are getting crushed by monopolies, unjust taxation, and political corruption. That, Morici says, is the truth of income inequality. It’s so bad that Vermont Senator Bernie Sanders (I) compared our situation to that of Russia, and a lot of folks nodded their heads in agreement.

Vermont Senator Bernie Sanders (I) recently asked Federal Reserve Chairwoman Janet Yellen “are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?”

Russia’s oligarchy has two salient characteristics. The government uses its power to regulate markets to concentrate wealth in the hands of an influential few, while most of its citizens stay poor by western standards.

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Blurring the distinction between religious faith and totally unrelated political activism has attained new levels of absurdity during the 2013 proxy resolution voting season.

One needs look no further than the network neutrality proxy resolutions submitted to AT&T Inc. by a host of clergy and religious organizations for evidence. These groups assert that net neutrality – described in their resolution as “open Internet policies” – “help drive the economy, encourage innovation and reward investors” when nothing could be further from the truth on all three counts.

Instead, the only groups advocating for net neutrality are left-of-center organizations who wish to shackle the profitability of Internet providers and stifle the growth of what has become one-sixth of the nation’s economy over the past 20 years. Joining these organizations with the AT&T proxy resolutions are the following Interfaith Council of Corporate Responsibility members:

  • Benedictine Sisters of Mount St. Scholastica, Rose Marie Stallbaumer, OSB;
  • Trillium Asset Management Corporation, Jonas Kron;
  • Benedictine Sisters of Virginia, Sr. Henry Marie Zimmermann, OSB;
  • Christus Health, Delia Foster;
  • Congregation of the Sisters of Charity of the Incarnate Word, San Antonio, Carolyn Psencik;
  • Nathan Cummings Foundation, Laura Shaffer Campos;
  • Congregation of Benedictine Sisters, Boerne TX, Sr. Susan Mika, OSB.

The resolution filed by these groups reads: “AT&T expects mobile data traffic to grow more than eight times from 2011 levels.

“A critical factor in this growth is the open (non-discriminatory) architecture of the Internet. Non-discrimination principles are commonly referred to as ‘network neutrality’ and seek to ensure equal access and non-discriminatory treatment for all content.”

Keep in mind that Comcast sued the Federal Communications Commission over net neutrality regulations in 2010 – and won in a unanimous decision by the three judges on the U.S. Court of Appeals for the District of Columbia. (more…)