Slashdot Mirror
Legal Trouble For Multiple ISPs
Ars Technica reports that Comcast has been hit with three new class-action lawsuits due to the company's traffic-shaping practices. "The lawsuits ... ask that Comcast be barred from continuing to violate various state laws, in addition to unspecified damages." Meanwhile, members of the US House Telecommunications Subcommittee have asked Charter Communications' president to stop testing a program which uses Deep Packet Inspection to track the habits of its customers. A number of privacy groups have voiced their support (PDF). As if that weren't enough, it seems the City of Los Angeles is suing Time Warner for fraud and deceptive business practices. The Daily News notes, "... the City Attorney is seeking $2,500 in civil penalties for each violation of the Unfair Competition law as well as an additional $2,500 civil penalty for each violation described in the complaint perpetrated against one or more senior citizens or disabled persons."
- "PowerBoost(r) makes fast even faster! PowerBoost(r) helps power downloads of large files like videos, music, and games at speeds up to 12 Mbps!"
- "McAfee(r) Security Suite featuring a series of tools to help keep you, your family, and your home computers safe, protected, and virus-free. A $120 value."
- And for their phone service: "Utilizes Comcast's own secure network, not the public Intedrnet, for secure VoIP phone service".
So 3 counts of fraud on ONE ad! Comcast are going to have a problem defending themselves this time...Now, do I see a "boost" of speed when downloading videos, music, and games (legal ones) from BitTorrent? NO! I NEVER even get a good connection! And at the bottom of the flyer, in that long list of fine print, it says "PowerBoost(r) provides bursts of download and upload speeds for the first 10 MB and 5MB of a file, respectively. So I don't even get PowerBoost for longer than a second! Theres one fraud.
I have McAfee, provided by Comcast, installed on my Windows OS (I use Linux most of the time). Guess what? ANOTHER LIE! Sure, it's free now, but in a year EVERY DAMN time you turn your computer on, McAfee nags you to buy a $120 dollar subscription. MORE FRAUD!
So your saying the NSA can't listen in? More fraud...
Where I live in San Francisco bay area, there are three main ISPs - AT&T U-verse, Astound.net and Comcast. Unfortunately in my apartment, they do not allow anybody other than Comcast to make connections. Astound is not even allowed to enter the premises, while U-verse is not allowed to make connection from the apartment junction box to my unit. That makes Comcast the default monopoly.
What surprises me is that AT&T and Astoud.net is taking this lying down. I even went personally to Astound.net office and they say my apartment address is black listed in their database (essentially meaning they will not even try to make a connection here). At least AT&T technician from U-verse came here and argued with apartment manager with no success. I wrote a letter to AT&T U-verse and did not even get courtesy of a form letter reply. Yet U_verse is wasting their marketing dollars by sending me fliers almost everyday (and to everybody else in this complex) to sign-up with U-verse.
Comcast Internet connection is the pits these days. After a minute or two of good connectivity, it drops to almost 0 bytes per second. This creates havoc even in accessing gmail. My VOIP phone or chatting with my friends on iChat becomes impossible.
The whole situation makes "voting with our dollars" impossible. By the way, I found out that other apartment dwellers in SF bay area are in similar position.
Apparently you misunderstand how "futures" trading works. Traders (the ones you're calling speculators) do not actually buy and take delivery of commodities, thereby acting as pricing and supply buffers as you seem to think. The single thing that a futures trader never wants to do is to actually own the commodity they're trading. If this happens, they're screwed as these are guys with Park Avenue offices, summer homes in the Hamptons, and winter homes in Aspen - not warehouses or tank farms.
In the futures market, a trader simply says something like: "I'll sell you a million barrels of oil for $150 per barrel on the first of next month". He doesn't own oil wells or a million barrels of oil, he is simply offering to sell something (which is probably still deep in the earth somewhere in the world) at a particular price on a particular date in the future. If I think that oil is going to be selling for more than $150 on the first of next month, I accept his offer to sell and guarantee to give him $150 million on delivery of the million barrels. This is a contract between me and him. If, when the futures market opens for trading the next morning, I offer to sell my million barrels of July oil for $160 per barrel and find a third trader willing to pay, I simply sell my contract with the first trader to that third trader.
The first trader is still on the hook to deliver the million barrels for $150 million and the third trader is obligated to buy a million barrels for $160 million. I'm out of the deal completely. The oil is still in the ground somewhere. Nothing has actually moved from the possession of one individual to another. The $10 million difference is mine to keep.
The student who wishes more insight into futures trading might want to watch the classic 1983 film "Trading Places".