Here's a government service: The Federal Trade Commission has told two companies to quit selling caffeinated women's undergarments because they don't actually slim your nether regions as advertised.
The Federal Communications Commission voted this morning to eliminate the controversial blackout rule. The rule, which mainly applies to NFL games, says if 85 percent of tickets aren’t sold, teams can prevent local broadcasts of games.
If NFL teams decided to impose the rule for a game, free local TV couldn’t broadcast it. The rule further said cable and satellite TV couldn’t air it locally, either.
The NFL didn't want the blackout rule eliminated. It has said that without the rule, it could just move all its games to cable, putting them out of reach of low income fans who can’t afford cable.
“The NFL is doing a lot of posturing here,” says Andrew Zimbalist, a sports economist at Smith College. He says NFL teams can still tell broadcasters and cable outlets to black out games. It doesn’t need the FCC to do that. “The NFL can still negotiate to black out the game whenever there’s a deficiency in attendance. So we’re unlikely to see any appreciable effect here.”
And, Zimbalist says, if the NFL did try to move all its games onto cable, it would violate a law called the Sports Broadcasting Act, which was designed to keep games on TV.
Six people have hopped the White House fence so far this year. The latest incident — in which the intruder reportedly blew through at least five layers of security before he was caught — put Secret Service Director Julia Pierson under fire at a congressional hearing Monday. Lawmakers were also livid after the Washington Post reported the Secret Service was slow to respond when shots were fired at the White House in 2011. Pierson took full responsibility for the problems and pledged to review Secret Service procedure.
Here's what we're reading — and the numbers we're watching — Tuesday.41 percent
The predicted drop in revenue for utilities if solar power gets just 10 percent of the market. Rooftop solar panels are getting cheaper all the time, although they only account for 0.4 percent of the energy produced in the U.S. now. Because 43 states have "net metering" laws allowing solar users to sell their excess energy back to electric companies, Vox reported, the proliferation of rooftop panels could put utilities in a "death spiral."$7.2 billion
That's how much PayPal made in the past year, and their revenue is rising faster than parent company eBay's has. The company announced Monday it would spin off PayPal into its own company, Business Insider reports. EBay acquired the online payment system for $1.5 billion in 2002, and these days PayPal claims to facilitate one out of every six dollars spent online.0
As of last week, there are precisely zero Saturday morning cartoon programming blocks on TV. The last one, the CW's "Vortexx," aired for the last time on Saturday. The marathons, once a staple of American childhood and the ideal pairing with sugary cereals, were killed by a combination of FCC regulation and the spread of cable. /Film has a nice look back at the various cartoon blocks from the '80s and the commercials that aired with them.
EBay decides it's time for PayPal to be pushed back out of the nest: There's news this morning that the auction company eBay will spin off its payment system, PayPal. Plus, tomorrow is the first of October, one year since the rollout of Healthcare.gov, and the texture of health care in America is changing. For instance, there's been disruption in the old pattern of health care providers sending bills and the insurance companies paying their portion. Now, some insurers are tying what they pay to how well the doctors, hospitals and labs are doing their jobs. And call it social and environmental investing, call it impact investing, applying our personal values to our portfolios is not a new idea. One big example in the 1980s was college students forcing their universities to sell their stakes in companies that did business with apartheid South Africa. But now some influential countries have come together to recommend that governments help impact investing become an even more powerful force for making the world a better place.
A federal website set to go live Tuesday will disclose drug and device companies' ties to doctors. The release marks a milestone, but could be misleading for patients checking up on their doctors.
The NFL sides with fans who criticized an unsportsmanlike-conduct penalty called on a Muslim player who prostrated himself in the end zone Monday night.