Hawaii Attorney General Weighs in on Net Neutrality
The FCC's decision is receiving a lot of backlash after repealing the net neutrality regulations. Doug Chin, Attorney General of Hawaii, joined us to share why he and 22 other state attorney generals filed a lawsuit to block the move.
Chin weighs in on what he thinks the Trump administration is ignoring with the repeal of net neutrality. The argument from Hawaii is that the rollback is “arbitrary and capricious” and goes against longstanding policy of the FCC. He says the big issue for Hawaii is they depend on internet for information since they are geographically isolated. In terms of free flow of information, he doesn’t believe it reflects the American way.
The attorney general also discusses the impact of marijuana regulations. He says the big issue is that most banks are not willing to accept money because of federal regulations preventing them from taking on the risk. This results in a cash-only grey market that makes the industry difficult to regulate, says Chin.
Over 140 CEOs sent President Joe Biden and Congressional leaders an open letter on the potential major devastation the economy could face if a debt ceiling agreement isn't reached. Josh Silverman, CEO of Etsy, spoke with Cheddar News to explain his reasoning why he joined in on the letter.
Uber unveiled some new features at its annual product showcase. Cheddar News discussed some of these products, most of which are geared toward families, along with group grocery orders and group rides.
Alex Morris, president and chief investment officer with F/M Investments, joined Cheddar News to discuss Wednesday's trading session as stocks climbed amid optimism over a potential debt ceiling deal just days ahead of a deadline.
A tiff over Taco Tuesday is heating up, with Taco Bell asking U.S. regulators to force a Wyoming-based fast-food chain to abandon its longstanding claim to “Taco Tuesday” as a trademark.
On this edition of Stretching Your Dollar, Bobbi Rebell, author of "Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart," gives some tips on how to save a little extra each week.
