BOSTON (Reuters) – Adobe Systems Inc issued an earnings forecast sharply above Wall Street projections, contrasting sharply from a pessimistic outlook three months ago when it was concerned about the weak economy.
As the clock continues to tick towards tomorrow’s all-hands meeting of the Federal Communications Commission, at which a common-sense solution to preserve the open Internet may finally be agreed upon, some very thoughtful and unexpected voices are weighing in to the debate, urging that we “be done, and move forward.”
What is most surprising, and refreshing, is that these voices are coming not only from inside the Beltway, but also from very far outside of it. And they – rightly – are urging the FCC to sign-on to the reasonable compromise that has been fashioned by its Chairman, Julius Genachowski, so that our nation and our economy at last can put this vexing (and very Washington, D.C.-focused) debate behind us, and get on with the important work of innovating, creating jobs, and investing in our communications ecosystem.
So, for anybody who cares about this debate, a quick scan through the following short articles, which come from a diverse group including a start-up tech leader in Silicon Valley, progressive political voices in South Carolina, a leader in the American labor movement as well as a leading voice in the U.S. minority community, would be very enlightening.
These voices are among the many that want to stand-up and be counted as supporting the FCC Chairman’s common-sense plan to preserve and protect an open Internet. What distinguishes these perspectives is that they include new, passionate but reasonable, and decidedly non-Washington viewpoints. These perspectives, to put it mildly, are needed now more than ever before.
• The Hill, “The Myth of ‘Real’ Net Neutrality” by Manolo Espinosa, co-founder of hosted website search firm IndexTank
• The State, “Riley, Rivers: Ending net-neutrality debate will spur growth in SC” by Richard Riley, the former governor of South Carolina and former secretary of education under President Bill Clinton; and David Rivers, a Charleston native and board member of the Alliance for Digital Equality.
• “Consensus Today: Broadband Tomorrow” by Larry Cohen, President of the Communications Workers of America; and Marc Morial, President and Chief Executive Officer of the National Urban League.
Jonathan Spalter, chairman of Mobile Future, has been founding CEO of leading technology, media, and research companies, including Public Insight, Snocap, and Atmedica Worldwide. He served as an advisor to and spokesperson for Vice President Al Gore during the Clinton administration.
Mobile Future is a 501(c)(4) coalition comprised of and supported by technology businesses, non-profit organizations and individuals dedicated to advocating for an environment in which innovations in wireless technology and services are enabled and encouraged. For a full list of members and sponsors and to learn more about the coalition, go to www.mobilefuture.org.
Read more: Politics, Marketplace, Chairman Genachowski, Fcc, Mobile Innovation, Julius Genachowski, Politics News, Open Internet, Investment, Economy, Jobs, Innovation, Net Neutrality, Silicon Valley, Technology News
I apologize for breaking my vow of silence for the holiday. However, I was forwarded this advance copy of a high voltage story that will appear on the front page of one of the world’s major financial newspaper tomorrow. It seems appropriate to pass it along in this season of sharing.
MOODY’s UNDER RENEWED PRESSURE
London, 21 December 2010 — Iceland, Ireland and Greece today downgraded their financial rating of Moody’s to COUNTER INDICATED. Citing the troubled Wall Street firm’s deepening credibility position, the three Central Bank Governors took their action amid reports that the Moody’s board is under mounting pressure to make heavy investments in state of the art analytical techniques to be offset by steep cuts in its swollen executive corps. It is unclear whether the credibility challenged company will find the capital markets ready to buy Moody’s bonds and equity without further guarantees of sustainable honesty and integrity. Yields on M bonds rose sharply in afternoon trading after the simultaneous announcements in Reykjavik, Dublin and Athens.
Moody’s rating for months has been fluctuating between BARELY WORTH NOTING and IGNORE since the crisis broke in June. Analysts now fear a contagion effect as financial institutions worldwide turn anxious eyes toward Standard & Poor’s and Fitch. The F-SPaM trio have all come under speculative attack by investors who increasingly are asking themselves why they should pay premium prices for services that are available for a fraction of the sum at Gypsy fortune tellers. As one senior monetary official confided to Weakleaks, “We may be seeing the unraveling of the entire consortium unless cabal members take drastic steps to reaffirm their invaluable contribution to the global economy.”
In Washington, President Obama assured reporters at a hastily called press conference in the White House Rose Garden that “the United States stands ready to do everything in its power to persuade China to lend assistance at this critical moment for the world’s credit rating industry.” Attempts to reach executives at the three firms were unsuccessful and messages have not been returned. There are unconfirmed reports of callers to Moody’s hearing recordings of “Careless Love.” The standard time-passer for decades has been “Sunny Side of the Street.” A random call to Standard & Poor’s produced Al Jolson singing “Brother, Can You Spare A Dime.” Fitch apparently has not changed its open loop of “Amazing Grace.”
~ Winston Buckmeister