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Breaking News - Powell
resigns as FCC Chair Federal Communications Commission (FCC)
Chairman Michael Powell announced his resignation today (January 21, 2005) and
will step down in March. In a brief statement on the FCC's website (www.fcc.gov) Powell
said, "Having completed a bold and aggressive agenda, it is time for me to
pursue other opportunities and let someone else take the reins of the agency.
During my tenure, we worked to get the law right in order to stimulate
innovative technology that puts more power in the hands of the American people,
giving them greater choices that enrich their lives." Speculation had been high before the November
elections that Powell would be leaving the FCC regardless of who won the
presidency. In January, industry insiders had described Powell's remaining term
as Chairman as a matter of "weeks." Now Giving up half way before the job was done? Proving too
difficult and leaving before the reality of the quagmire gets attributed to
him? Anyone else have any thoughts about why? Dean |
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