FCC Approves Obama-backed Internet Regulations!, Takes Control of InternetThe FCC has caved to pressure from the Obama Administration in sweeping new regulations sought by President Obama for how Americans use and do business on the Internet, in a party-line vote that is sure to be challenged by the broadband industry. The commission, following a contentious meeting, voted 3-2 to adopt its so-called net neutrality plan — a proposal that remained secret in the run-up to the final vote.The plan is aimed at barring service providers from creating paid “fast lanes” on the Internet, which consumer advocates and Internet companies worry would edge out cash-strapped startups and smaller Internet-based businesses. Chairman Tom Wheeler said it would ensure an “open, unfettered network.” But the rules, more broadly, would put the Internet in the same regulatory camp as the telephone by classifying it like a public utility, meaning providers like Comcast or Verizon would have to act in the “public interest” when providing a mobile connection to your home or phone. FULL REPORT