"Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees," Comcast said in a statement.
"Roberts also announced that the Company expects to spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings," the company added....
But those that take a closer look at Comcast's finances will find that's something that would have occurred anyway. read more
Senate Majority Leader Mitch McConnell told Axios' Mike Allen that he "would not expect to see" welfare reform on the agenda in 2018.
Why this matters: The Treasury admitted last week that the tax bill only pays for itself if welfare reform is also done. If McConnell doesn't want to do welfare reform in the upper chamber -- a politically risky endeavor, to say the least -- it's not happening, no matter how badly Speaker Paul Ryan, who has said he'd like to use reconciliation to take these on in 2018, wants it.
[Sen McConnell on] 2018: "If I were running the campaign ... I'd have that single woman saying, Sen. [Joe] Manchin, maybe $1,300 isn't much to you, but it is to me... We're prepared to make this argument to the American people, this was a significant middle class tax cut, but also it was important to get the country growing again."
Through all the controversy, threats and noise surrounding the Trump-Russia investigation, one person has been conspicuously silent: Special Counsel Robert Mueller. The former FBI director hasn't uttered a single word in public since he was appointed in May to lead the probe into Russian meddling in the U.S. election despite increasingly combative attacks by Republicans and their allies on the FBI, the Justice Department and the integrity of his probe. It's an intentional strategy meant to convey the investigation's credibility and seriousness in an age of 24-hour noise, amplified by cable news shows and Twitter, according to current and former U.S. officials who know Mueller personally or who have followed his work. Instead of press conferences, Mueller has spoken loudly through a series of indictments and plea deals related to various Trump associates. read more
Tennessee Representative Marsha Blackburn has unveiled plans for a net neutrality law she professes will "protect the open internet," but is far more likely to do the exact opposite. We just got done noting how ISPs like Comcast have begun pushing hard for net neutrality legislation. Why? Comcast knows the FCC's recent repeal of net neutrality rests on shaky legal ground thanks to the numerous instances of fraud and bizarre FCC behavior during the proceeding.
The FCC will also struggle to prove the broadband market changed so substantially in just two years to warrant such an unpopular reversal, which could nullify the repeal as "arbitrary and capricious" under the Administrative Procedure Act. read more
It was the kind of sitdown that China had long resisted: Top US officials telling Chinese counterparts how American troops would enter North Korea if the hermit regime collapsed. US Secretary of State Rex Tillerson's recent revelation that such a discussion took place would -- if true -- suggest a major shift in Chinese policy as Beijing comes under pressure to rein in its Korean War ally. For years Beijing had refused US entreaties to discuss the possible collapse of its neighbor, but top US and Chinese military officials have finally met to discuss the once-taboo topic, Tillerson said last week. Some stark topics were broached, Tillerson said: Refugees flooding across the Chinese-North Korean border, US troops entering the hermit country -- and leaving again once they had prevented nuclear weapons from falling into the wrong hands.