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View Diary: Bill Richardson-Colin Powell-Joe Biden Target of NSA Spying (203 comments)

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  •  Powell (none)
    He's too much of a good soldier; loyal to his master, Bush.  Why didn't he resign when he learned before the 2004 elections that his UN presentation was bogus?  Besides, he knows what happens to people who cross Bush.  Is his kid still head of the FCC?

    "Be just and good." John Adams

    by aztec on Tue Dec 27, 2005 at 07:08:27 AM PST

    [ Parent ]

    •  His son left the FCC (none)
      at the beginning of 2005 and the following announcement was made later in the year:


      "August 11, 2005

      Today's announcement that Michael K. Powell has become a "Senior Advisor" at Providence Equity Partners is evidence once again that the "revolving door" between the FCC and the very industries it oversees should be slammed shut.  Powell joins his fellow former chairs Richard Wiley, Mark Fowler, Dennis Patrick, Reed Hundt, and William Kennard, all of whom went from the FCC to work in the media and telecommunications industries.  With lucrative industry employment ahead of them, FCC chairs (and most commissioners) have a built-in conflict of interest.  They simply can't take the independent positions necessary to fulfill their responsibilities to the public--and to the public interest.  One of Powell's new duties, according to Providence, is to "advise the firm on...regulatory issues in the media" industries.

      Powell's "golden parachute" into the "preeminent private equity firm in the global media, communications, and information industries" comes as no real surprise.  Throughout his tenure, Powell was an avid believer in the mystical forces of the commercial marketplace.  He spent more of his time quoting economist Joseph Schumpeter  (who developed the theory of "creative destruction") than taking an honest, hard look at the public interest consequences of media business trends.  During his watch at the FCC, he relied on market forces as his primary touchstone, supporting further consolidation in the broadcast, cable, and telephone industries.  Powell ignored growing public concern about media consolidation, including its negative impact on journalistic standards and content diversity."...............


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