“U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and telecoms companies and Republican lawmakers.
Obama’s detailed statement on the issue of “net neutrality,” a platform in his 2008 presidential campaign, was a rare intervention by the White House into the policy setting of an independent agency.
Shares of major Internet service providers Comcast Corp (CMCSA.O) and Time Warner Cable Inc (TWC.N) fell sharply after Obama said ISPs should be reclassified to face stricter regulations and banned from striking paid “fast lane” deals with content companies.”* The Young Turks host Cenk Uygur breaks it down.
*Read more here:
http://www.reuters.com/article/2014/11/10/us-usa-internet-neutrality-idUSKCN0IU1I620141110