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U.S. markets recover from steep losses
WASHINGTON, Aug. 9 (UPI) -- The new head of the U.S. Federal Communications Commission is signaling the agency may propose changes to media ownership piecemeal.
FCC Chairman Robert M. McDowell, a former telephone company lobbyist who has been on the commission 69 days, said he would proceed incrementally, rather than with an all-at-once approach, TVWeek.com reported Wednesday.
Such a tact was followed by former FCC Commissioner Michael Powell and struck down by a federal court that found the agency had failed to adequately justify its proposed changes and hold public hearings on them.
McDowell called omnibus media ownership reform "one big kidney stone to pass."
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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