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The Telecom Digest for Sun, 08 Aug 2021
Volume 40 : Issue 220 : "text" format

table of contents
In the Matter of Telecommunications Relay Services and Speech–to–Speech Services for Individuals with Hearing and Speech Disabilities
Petition Seeking An Order Of The Public Service Commission Commencing A Proceeding To Consider Issues Pertaining To Telecommunication Services
Jury Convicts Two Former Wall Street Bank Traders of Wire Fraud

Message-ID: <20210807154946.8177E76F@telecom2018.csail.mit.edu> Date: Sat, 7 Aug 2021 15:49:46 +0000 (UTC) From: Moderator <telecomdigestsubmissions@remove-this.telecom-digest.org> Subject: In the Matter of Telecommunications Relay Services and Speech-to-Speech Services for Individuals with Hearing and Speech Disabilities In 2007, technology was having a moment. The iPhone was introduced. Big advancements took place in cloud storage and cognitive computing. And back in 2007, the Federal Communications Commission developed a methodology to support Internet Protocol Relay Services - or IP Relay - a technology to assist those with hearing and speech disabilities use text to communicate through the traditional phone system. In the intervening years, there have been more iterations of the smartphone than we can count and more expansion of cloud computing and machine learning than we can quantify, but our framework for IP Relay compensation has stayed the same. https://ecfsapi.fcc.gov/file/0805190424428/DOC-374694A2.pdf
Message-ID: <20210807153035.43FD176F@telecom2018.csail.mit.edu> Date: Sat, 7 Aug 2021 15:30:35 +0000 (UTC) From: Moderator <telecomdigestsubmissions@remove-this.telecom-digest.org> Subject: Petition Seeking An Order Of The Public Service Commission Commencing A Proceeding To Consider Issues Pertaining To Telecommunication Services PRELIMINARY STATEMENT This Petition seeks an Order of the Public Service Commission ("Commission") creating a formal proceeding to consider the methods, technologies, policies and impacts on the public of New York's telecommunications system, with specific reference to Commission decisions regarding deregulation of service1. This proceeding should address factual matters upon which policies are based, the broad functionality and impacts of the system and its governing policies, and specific issues enumerated below. ... Rate increases and deregulation itself has been premised on assertions that the legacy systems are significant money losers. The public record, which includes PSC documents, FCC document and SEC documents do not sustain those assumptions, and at best present conflicting data on the revenues and costs of providers. For example, in 2010, Verizon New York's SEC-Report had revenues of $7.2 billion, but the PSCAnnual only showed about $4.98 billion, a difference of $2.24 billion. Fundamental policies can not be based on such uncertain financial data. https://documents.dps.ny.gov/public/Common/ViewDoc.aspx?DocRefId=31683C58-512A-45BE-BC57-A6C06C54649C
Message-ID: <20210807153742.A3C5B76F@telecom2018.csail.mit.edu> Date: Sat, 7 Aug 2021 15:37:42 +0000 (UTC) From: Moderator <telecomdigestsubmissions@remove-this.telecom-digest.org> Subject: Jury Convicts Two Former Wall Street Bank Traders of Wire Fraud A federal jury convicted two men for engaging in a multi-year fraud scheme to manipulate U.S. commodities markets for publicly traded precious metals futures contracts. According to court documents and evidence presented at trial, Edward Bases, 59, of New Canaan, Connecticut, a former senior trader employed at Deutsche Bank and Bank of America in New York, and John Pacilio, 57, of New York, New York, a former senior trader employed at Bank of America and Morgan Stanley in New York, fraudulently pushed market prices up or down by routinely placing large "spoof" orders in the precious metals futures markets that they did not intend to fill. Bases and Pacilio did so in order to manipulate prices for their own gain and the banks' gain, and to defraud other traders on the Commodity Exchange Inc. (COMEX) and the New York Mercantile Exchange Inc. (NYMEX), both of which are exchanges run by the CME Group Inc. (CME). https://www.justice.gov/opa/pr/jury-convicts-two-former-wall-street-bank-traders-wire-fraud-0

End of telecom Digest Sun, 08 Aug 2021

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