Craig on Net Neutrality

Craig Newmark has posted a nice explanation of Net Neutrality, and why he says it’s “NOT about regulation”:

The people who run the infrastructure of the Net are Internet Service Providers, many of whom are large telecoms. They’re not really private companies, in that they use public properties to get a signal from one place to another. For example, they have to run wires through public “rights-of-way”, or they need to use public airwaves for radio style communication.

In return, we expect them to respect American values like fair play and a level playing field; no pay for privilege.

Mob Wars in Israel

All sorts of interesting news embedded in the news of an Israeli mob boss killed in a car bombing:

Bottle recycling adds up to a $5 million-a-year industry, according to estimates by police and environmental groups. Police say criminals sell restaurants protection in exchange for empties, which leave no paper trail and offer crime families a relatively legitimate source of income.

Organized crime, long overshadowed by the Arab-Israeli conflict, has become such a part of everyday life that Israel has its own “Sopranos”-style TV series, “The Arbitrator,” in which even synagogues are no refuge from hit men.

In the past, rival families would settle their scores quietly. But as the pot gets richer they are getting bolder, taking more risks and posing a greater threat to public safety. Most crime bosses now travel with bodyguards in armored vehicles.

Last May, Yaakov Alperon’s older brother, Nissim, survived the ninth assassination attempt against him. A three-man hit team dispatched to get him was intercepted by police, and in the ensuing gunbattle a policeman was seriously wounded and one of the gunman was killed.

The mob always seems to prey on very basic, essential and unglamorous markets like garbage and recycling.

SEC on compliance in hard times

The SEC Chairman Christopher Cox explained to the securities industry compliance officers that

[T]oday, when the future is uncertain, when markets are unstable, when investor confidence is shaken, this is the time — more than ever — when we need a powerful voice for compliance.

In a line you should expect from the SEC, he warned everyone that

[W]hen a company cuts compliance, violations will occur. And if violations occur, punitive actions should and will be taken. In the current environment, that is true now more than ever. There will be no favor granted because a company made a cost-cutting decision to minimize
their compliance budget.