Trump Administration injects $1.5 Trillion for the corporations on Wall Street, but rejects aid for the people on Wall Street

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Washington, D.C. – In an effort to calm the tumbling market after two straight days and a third this week from the worst opening since 1987. The Federal Reserve announced Thursday that it will use $1,500,000,000,000 ($1.5 TRILLION) to inject into Wall Street to combat potential freezes during the coronavirus scare.

Meanwhile, Senate Republicans rejected a House bill that would have granted provide sick leave and a variety of other aid resources to those affected by the coronavirus.

The Federal Communications Commission (FCC) chairman, Ajit Pai, has launched, “Keep Americans Connected Pledge.” Broadband and Telephone Service Providers are asked to Promote Connectivity for Americans Impacted by the Disruptions Caused by the Coronavirus Pandemic.

Chairman Pai

“As the coronavirus outbreak spreads and causes a series of disruptions to the economic, educational, medical, and civic life of our country, it is imperative that Americans stay connected. Broadband will enable them to communicate with their loved ones and doctors, telework, ensure their children can engage in remote learning, and—importantly—take part in the ‘social distancing’ that will be so critical to limiting the spread of this novel coronavirus,” said Chairman Pai. “That’s why I’m asking all broadband and telephone service providers to take the Keep Americans Connected Pledge. I don’t want any American consumers experiencing hardships because of the pandemic to lose connectivity.”

Given the coronavirus pandemic and its impact on American society, pledges for the next 60 days to:

(1) not terminate service to any residential or small business customers because of their inability to pay their bills due to the disruptions caused by the coronavirus pandemic.

(2) waive any late fees that any residential or small business customers incur because of their economic circumstances related to the coronavirus pandemic.

(3) open its Wi-Fi hotspots to any American who needs them.

The FCC released the names of the following companies that have agreed to the pledge:

ACIRA – Powered by Farmers Mutual Telephone Company & Federated Telephone, Allstream Business US, AlticeUSA, Antietam Broadband, Atlantic Broadband, AT&T, BBT, BOYCOM Vision, Burlington Telecom, Cable One, Central Arkansas Telephone Cooperative, CenturyLink, Charter, Cincinnati Bell, Citizens Connected, Comcast, Consolidated Communications, Cox Communications, Digital West, East Ascension Telephone Company, Education Networks of America, Emery Telecom, Farmers Telecommunications Cooperative, FirstLight, Frontier, Google Fiber, Grande Communications, Granite Telecommunications, Great Plains Communications, GWI, Hiawatha Broadband, Hill Country, IdeaTek Telcom, Inteliquent, Lafourche Telephone Company, Lakeland Communications, Long Lines Broadband, Mammoth Networks/Visionary Broadband, Mediacom, MetTel, Nex-Tech, Ninestar Connect, Northwest Fiber, Orbitel Communications, Pioneer Communications, Premier Communications, Range Telephone Cooperative, RCN, Reserve Telephone Company, Sacred Wind Communications, Shawnee Communications, Socket Telecom, Sonic, Sprint, Starry, TDS Telecom, TelNet Worldwide, TMobile, TracFone Wireless, Uniti Fiber, US Cellular, Vast Broadband, Verizon, Vyve Broadband Investments, Waitsfield and Champlain Valley Telecom, Wave Broadband, West Telecom Services, Windstream, and ZenFi Networks. And the trade associations ACA Connects, Competitive Carriers of America, CTIA, INCOMPAS, NCTA—The Internet and Television Association, NTCA—The Rural Broadband Association, USTelecom, and WISPA have all endorsed the pledge.

“I applaud those companies that have already taken the Keep Americans Connected Pledge. They are stepping up to the plate and taking critical steps that will make it easier for Americans to stay connected during this pandemic and maintain much-needed social distancing. I urge other companies to join them. This may be a difficult time for our nation, but if we all work together, I am confident that we can rise to the challenge,” said Chairman Pai.

About Miles J. Edwards

Born with a little California Love, and raised with a little SouthernPlayalisticCadillacFunkyMusic.

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