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Internet controlled by government
Government controlling the internet
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" The Government-federal, state, and local-have the duty to monitor internet to a moderate extent in the U.S. because there is no law regulating to visualize other people's personal content or data. There are even protection laws that citizens use to advertise certain contents on the internet including other people's private email accounts. Additionally, The Federal Trade Commission Act is a protection law that avoids unfair practices in data security policies. In the source it states, ""The Federal Trade Commission Act is a federal consumer protection law that prohibits unfair or deceptive practices and has been applied to offline and online privacy and data security policies. The FTC has brought many enforcement actions against companies failing to comply with posted privacy policies and for the unauthorized disclosure of personal data. This is explaining the role of the law and there is no law that intentionally regulates viewing …show more content…
In the source it states, ""The Financial Services Modernization Act regulates the collection, use and disclosure of financial information. It can apply broadly to financial institutions such as banks, securities firms and insurance companies, and to other businesses that provide financial services and products. GLB limits the disclosure of non-public personal information, and in some cases requires financial institutions to provide notice of their privacy practices and an opportunity for data subjects to opt out of having their information shared."" This is proving the strength and protection the law has on the U.S. and it's people information to be disclosed and spread to marketers. Laws like these can protect people from exposing crucial and important information from another citizen and is perfectly safe with it's law protecting the
The 1933 Banking Act, also known as the Glass-Steagall Act in reference to the legislation’s sponsors Carter Glass and Henry B. Steagall, was a statue enacted by the 73rd United States Congress which created the Federal Deposit Insurance Corporation (FDIC) and separated investment banking from commercial banking. The act established clear delimitations between commercial and investment banks, and made it illegal for them to operate in conjunction. Federal Reserve member banks were banned from dealing in non-governmental securities for customers, underwriting or distributing non-governmental securities, investing in non-investment grade securities for themselves, and affiliating with companies involved in such activities. Concurrently, investment banks were prohibited from accepting deposits.
...rk with us. This can have a major impact on the economy, and may eventually lead to a weakened nation overall. However, it can be argued that the United States is not acting hypocritical through mass surveillance over the internet. While there's some overlap of the issues, the existence of surveillance does not cut off the freedom of speech on the Internet."One can recognize... there is a very large difference between censorship and spying... On some level, we know that spying and espionage is going to take place. This still doesn't mean we promote censorship." (Verveer, 2013) Undoubtedly, the censorship by the agency over the internet may make users think twice about what opinions to express, but as long as no major crimes are being planned, then the agency will not really care about what is said online, and internet users are free to say whatever they would like.
The Dodd-Frank Wall Street Reform and Consumer Protection Act’s policies haven’t really been implemented to the extent that regulators would have liked. Although the legislation takes many steps in addressing systematic risks in the United States financial system and improving coordination among regulators, some critics believe that alternative options might have been more effective. The coming years will give us a better understanding of how well the Dodd-Frank Act addressed these concerns.
In late 2008, the world economy seemingly grinded to a halt. Wall Street, unable to reconcile the liquidity crisis and financial losses that stemmed from its bad bets on mortgage backed securities, turned to the United States government for help. What resulted was the $700 billion Troubled Asset Relief Program (“TARP”), the largest government bailout in the history of the United States. After the dust settled and Wall Street, with hundreds of billions of taxpayer dollars, managed to avert a global financial meltdown, Congress put pen to paper to ensure that the same crisis would never happen again. On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), a nearly 900-page behemoth of financial reform, was signed into law. The Dodd-Frank Act was meant to reform that the unsavory and opaque practices that led to the 2008 crisis – it does so by introducing a stricter financial regulatory regime in which Wall Street must operate.
“FINRA’s mission is to safeguard the investing public against fraud and bad practices. We pursue that mission by writing and enforcing rules and regulations for every single brokerage firm and broker in the United States, and by examining broker-dealers for compliance with our own rules, federal securities laws and rules of the Municipal Securities Rulemaking Board”.
Nowadays it’s hard to live a secret life. Every move we make is being watched. National security is the main reason why we are being surveyed. Our world has transformed to an internet revolution. We are engaged much in social media and internet more than ever. People are able to incite a revolution like the one in Egypt in recent years. The world we live in is much different to what it was twenty years ago. Internet changed the power of information exchange between us. Social media’s like Facebook and twitter connects the world tremendously. People exchange information in a matter of seconds. Therefore, the question becomes: Should our government go through our private emails and social media?
...o stabilize the volatile banking system by providing an elastic currency, affording means to distribute the currency, and allowing for government supervision of banking operations. No longer were banks independent organizations working against each other. Now they were secure, interrelated operations. The Federal Reserve Act worked because it eliminated the competition to hoard money between the banks and put the power into the hands of the government. Now, credit could be made available to expanding businesses, jobs could be created, and the banks would no longer have to worry about bank runs "running" them out of business. Because of the Federal Reserve Act, the economy could once again become expansionary with confidence.
The Data Protection Act 1998 places controls on the length of time, who has access, and how much personal information can be stored on an individual by organisations, businesses and the Government. Any private information must be kept secure in compliance with the law. This ensures the individual’s right to privacy and confidentiality is upheld. (Gov.uk.
Imagine a challenge that tests our ideas about money and how we respond to it under certain conditions. This test involves the auction of a twenty-dollar bill with very simple rules. The highest bidder will get the bill and the second highest bidder receives nothing but pays the amount of the losing bid. As the test progresses players in the room bid above the face value ending the bid at twenty-eight dollars. The question now is, ‘Why would anyone want to pay above the face value?’ Behavioral economists believe that when decisions are made on value, the human mind often behaves irrationally. People judge value based on prior knowledge fed to them at some point in their lives and not something thoroughly researched. This is the kind of misinformed
The Dodd-Frank Wall Street Reform and Consumer Protect Act, is a piece of financial reform legislation passed in 2010, shortly after the housing crisis, by the Obama administration. It is named after key sponsors Senator Christopher Dodd and Representative Barney Frank. This act served as a response to the financial crisis of 2008. Its intention was to decrease the risks in the U.S. financial system.
Most of the Internet regulation is imposed by the Government in an effort to protect the best interest of the general public and is concerned with some form of censorship.
Perhaps the founder of Facebook, Mark Zuckerberg, said it best when he claimed that privacy is no longer a “social norm.” Virtually everyone has a smart phone and everyone has social media. We continue to disclose private information willingly and the private information we’re not disclosing willingly is being extracted from our accounts anyway. Technology certainly makes these things possible. However, there is an urgent need to make laws and regulations to protect against the stuff we’re not personally disclosing. It’s unsettling to think we are living in 1984 in the 21st century.
This lawless atmosphere bothered many people, including Nebraska Senator James Exon. Exon proposed in July, 1994 that an amendment be added to the Telecommunications Reform Bill to regulate content on the Internet. His proposal was rejected at the time, but after persistence and increased support, his proposal evolved into the Communications Decency Act (CDA), part of the 1996 Telecommunications Reform Act The Internet has changed the world by creating advertising, information, and businesses. However, there are the few bad apples in the Internet that have information, literature, graphics and images that have been deemed inappropriate for minors. Therefore, many people feel the Internet should be censored by the Government. The Government owns and operates the Internet and its agencies are responsible for what is on the Internet. However, for the parents with minors that are concerned about what their kids see- they should go out and get software to censor the Internet. Don’t ruin everyone else’s fun. Why should I have to be a peasant of the Government tyranny over the Internet? The people that worry about their kids and make the Government worry about it and pass legislation on censorship are the people that are too damn lazy to buy Internet Censorship software programs for their PERSONAL computers, NOT the entire United States’. The Government wants censorship, but a segment of the Internet’s population does not.
They believe this because the public considers it an invasion of privacy. Freedom has been an issue for centuries. Is it right for the government to know all of our private information? As technology has developed and become essential to our society, many government commissioners dread social media and its authority and power in our society – but does this give them the authority to monitor online content? This means that the government would have access to personal and confidential information that the public display on the internet.
As can be seen, from the information presented, the need for laws and restrictions concerning internet data collection is greatly needed. Moreover, the government can search private citizens data without warrant or cause. Also, companies are not only collecting internet user data but also selling it. The companies and agencies who commit such crimes should be fined or either closed down. In closing, the privacy and security of individuals on the internet should be upheld by the United States government.