STELA Reauthorization - An Opportunity for Pro-Market Reform
On December 31, 2014,the Satellite Television Extension and Localism Act (STELA) is set to expire. The House Energy and Commerce Subcommittee on Communications and Technology is in the process of reauthorizing the law, and that provides a critical opportunity for pro-market reform by modernizing anachronistic regulations like retransmission consent agreements and must-carry provisions of the 1992 Cable Act.
So what is STELA, and why should conservatives and libertarians care?
Well, when the Cable Act became law in 1992, the prevailing concern was that cable operators might somehow employ monopoly power to block local broadcast stations in their home areas. Accordingly, the Act tipped the scales in favor of broadcasters by granting them the right to guaranteed carriage or the right…[more]
Franklin D. Roosevelt, 1933: “The only thing we have to fear is fear itself!”
Barack Obama, 2013: “We are in trouble.”
An interesting thing occurred on Tuesday of this week, the first day of the federal government shutdown: All three major U.S. market indexes went up, not down. The Dow Jones Industrial Average climbed more than 62 points, the S&P 500 rose nearly 1% to 1695 and the Nasdaq jumped 1.2%.
That apparently wasn’t the panicked reaction that the Obama Administration expected or desired. Consequently, it…
"A new poll by the Washington Post shows that amnesty is a vote-loser for GOP legislators. The poll of 1,002 adults shows that pluralities of independents and moderates oppose candidates who support amnesty, which was euphemistically dubbed 'a path to citizenship' by the poll designers. The poll showed that 41 percent of independents and 37 percent of moderates were less likely to vote for an…[more]