Morning Editorial Report: The U.N.’s Chance to Control the Internet

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Morning Editorial Report

Morning Editorial Report

The U.N.'s Chance to Control the Internet

By JAMES FREEMAN

United Nations control of the internet “is the likely result if the U.S. gives up internet stewardship as planned at midnight on Sept. 30,” writes our columnist Gordon Crovitz. That’s because, once the Internet Corporation for Assigned Names and Numbers (Icann) no longer operates as a contractor for the U.S. government, the outfit “would seek to be overseen by another governmental group so as to keep its antitrust exemption. Authoritarian regimes have already proposed Icann become part of the U.N. to make it easier for them to censor the internet globally,” adds Mr. Crovitz.

Where did all that money go that the Obama Administration and state attorneys general squeezed out of the nation’s biggest banks to settle mortgage litigation? The regulators sold it as consumer relief, but Andy Koenig says the administration “has quietly steered money to organizations and politicians who are working to ensure liberal policy and political victories at every level of government.”

A Journal editorial says the biggest news out of Jackson Hole this year was Federal Reserve Chair Janet Yellen’s “statement that the Fed now considers QE bond buying to be a routine part of its ‘toolkit’ to keep unemployment low. Come the next recession, her implication is that the Fed won’t stop merely at buying Treasurys or mortgage securities. It will follow the European Central Bank in buying a board swath of corporate bonds. This will plunge the Fed even deeper into favoring some parts of the economy over others.”

The California Supreme Court has refused to hear Vergara v. California, the landmark case challenging California law that protects incompetent teachers at the expense of students. Theodore Boutros and Joshua Lipshutz, lawyers for the plaintiff, argue in our pages today that it’s now time for the U.S. Supreme Court to consider the case.

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