Now that the Senate has passed the financial reform bill, it’s off to non-smoke-filled rooms, where it will go into a Blendtec with the version passed by the House last year. CNNMoney.com sifted through all 1,600 pages of the bill and came up with a handy cheat sheet explaining what’s actually likely to change when this thing becomes a law. [More]
The president and a vice-president for CTIA, a lobbying organization for the wireless industry, spoke recently with CNET about why they think the FCC should leave their members alone. The vice-president, Chris Guttman-McCabe, is a lawyer and as such his answers are useless. President Steve Largent, however, actually has a couple of candid moments during the interview. [More]
LodgeNet provides pay-per-view movie services to hotels, and the company’s latest financial filing shows nearly a 10% drop in revenue in the first quarter of 2010 compared to the same period a year ago. (And that’s after a 19% drop in revenue from 2008 to 2009.) Travelers seem to be wising up to the high prices of hotel pay-per-view and are resorting to other ways to stay entertained. Now if only our laptops and smartphones could contain a mini-bar compartment. [More]
Today the Treasury Department will reveal a redesigned $100 bill. The new design brings the bill in line with the smaller denominations that are already in circulation, and it adds a fancy new anti-counterfeiting measure called Motion that uses special threads to “create an optical illusion of images sliding in directions perpendicular to the light that catches them.” [More]
An anonymous reader says Macy’s is charging him a pretend $2 interest on his credit card bill and calling it “educational interest.” He says the charge is optional, and you don’t have to pay it if you subtract the amount from your total balance. If you do pay the “educational interest,” Macy’s credits your account. [More]
The town of Tracy, California has come up with a new plan to make money: you’ll have to pay between $48-400 to call 911. I wonder if Tracy is planning on giving the caller the bill over the phone–they might be able to chain 911 calls together by giving the first caller a heart attack, thereby prompting someone else to call, and so on. Money! [More]
Update: Verizon won’t charge the soldiers for the calls in question.
In the weeks immediately following the Haiti earthquake, Verizon and AT&T offered free calls to Haiti as a goodwill gesture to people in the U.S. with family and friends over there. The offers weren’t identical, though, and Verizon was only offering free calls made to Haiti, not the reverse. Spc. James Crawford kept calling his pregnant wife each day from his station in Port-au-Prince, and now they have a phone bill for $1,919.44.
Lesley lives alone, and says that despite what any Mediacom CSRs may think, she hasn’t been consistently ordering adult movies for the past three months. [More]
Jennifer wrote to us about the trouble a family in South Carolina is having over a huge T-Mobile bill: “Zeb, a special needs adult living with his parents, had his cell phone stolen just prior to Christmas. By the time the theft was discovered, $6000 in calls and text messages had been made to Honduras.” The good news is that T-Mobile hasn’t asked the family to pay the full $6,000. The bad news is that they do want them to pay a fourth of that. Update: T-Mobile has let the family off the hook. [More]
Ryan’s life is an Alanis Morissette song: “It’s like being told your AT&T account is paid off, and then meeting his beautiful collections agent coming after you for the money you were told you didn’t owe.” [More]
At least one official with the FCC is not impressed by Verizon’s latest explanations of its Early Termination Fees (ETFs) and Mobile Web billing practices. Commissioner Mignon Clyburn released a statement (pdf) last night where she called Verizon’s explanation “unsatisfying” and “troubling,” and she closed with the fighting words, “I look forward to exploring this issue in greater depth with my colleagues in the New Year.” [More]
Last month, David Pogue at the New York Times published a tip from a self-described Verizon employee. The employee accused Verizon of deliberately rigging its system to trap customers whenever they accidentally press the “Get It Now” or “Mobile Web” buttons on their phones–even if they cancel the operation immediately, they’re charged a fee of $1.99 each time. Both Pogue and the FCC asked Verizon to explain why this happens. Verizon’s response: it doesn’t, and Pogue and the hundreds of people who wrote in to confirm this practice are all crazy. [More]
After a man added his 13-year old son to his Verizon plan, his cellphone bill rocketed to nearly $22,000. [More]
We’ve posted before about how to break your cable habit without giving up on TV altogether–it’s possible, but can’t happen without some work on your end. This week, the New York Times’ Nick Bilton explained how he and his wife have combined their existing devices with a few new ones to create a content stream that enables them to watch what they want without cable. [More]
In Michigan, utilities can increase rates without first getting approval, but that means the Michigan Public Service Commission can later reduce them. That’s what happened on Monday, when the Commission ordered Consumers Energy to refund about $39.6 million to customers it overcharged since last May.