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2019-03-06

'Free Money' | Modern Monetary Theory a/k/a MMT Explained (video)

Bernie Sanders' 2016 Advisor On Trump's Economy And Modern Monetary Theory

CNBC video above published Mar 4, 2019: Modern Monetary Theory (MMT) is gaining traction in American politics, energizing the progressive left and roiling deficit hawks. Stephanie Kelton, who advised Bernie Sanders' 2016 presidential campaign, explains the basics.

2020 Election: She says Democrat presidential hopefuls are swinging for the fences with ambitious policy proposals while Trump appears to have changed his thinking on the deficit and debt since his 2016 run. On headwinds facing the economy, Kelton says she sees an "extraordinarily resilient" U.S. economy despite a "real" global slowdown and a small chance of additional rate hikes from the Fed.

Stephanie Kelton is a proponent of Modern Monetary Theory (MMT), the economic rational cited by rising political stars like Rep. Alexandria Ocasio-Cortez D-N.Y. She is currently a professor of public policy and economics at Stony Brook University. Previously, she served as chief economist for the Democrats on the U.S. Senate Budget Committee and was a senior economic advisor to Bernie Sanders ' 2016 presidential campaign.

Editor's note: key questions: what is your definition of "full employment"? What political system has the necessary discipline to apply the constraints required for an effective long-term MMT policy?

See also:

Paul Krugman Asked Me About Modern Monetary Theory. Here Are 4 Answers. Deficit levels, interest rates and the tradeoff between fiscal and monetary policy, by Stephanie Kelton, March 1, 2019--bloomberg.com

The left’s embrace of modern monetary theory is a recipe for disaster by Larry Summers--WashingtonPost.com.

Modern Monetary Nonsense, Mar 4, 2019, by Kenneth Rogoff: "... Contrary to widespread opinion, the US central bank is not an independent financial entity: the [U.S.] government owns it lock, stock, and barrel. Unfortunately, the Fed itself is responsible for a good deal of the confusion surrounding the use of its balance sheet. In the years following the 2008 financial crisis, the Fed engaged in massive “quantitative easing” (QE), whereby it bought up very long-term government debt in exchange for bank reserves, and tried to convince the American public that this magically stimulated the economy. QE, when it consists simply of buying government bonds, is smoke and mirrors ..."--project-syndicate.org.

Running on MMT (Wonkish)--Trying to get this debate beyond Calvinball by Paul Krugman--NYTimes.com.

Modern Monetary Theory Isn’t Helping--jacobinmag.com

Tweets by StephanieKelton

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DISCLAIMER

2017-01-08

News Review: New gTLD .AFRICA Plaintiff Files for New TRO vs ICANN

Domain Mondo's weekly review of internet domain news:

Feature • New gTLD .AFRICA Plaintiff Files for new TRO vs ICANN:

new gTLD .AFRICA | ©2017 DomainMondo.com

UPDATE 3 Feb 2017: On Feb 3, 2016 ICANN updated its litigation page to indicate that on 4 January 2017, Court Order: Plaintiff's Ex Parte Application for Temporary Restraining Order is denied; Plaintiff's papers are deemed to be a new preliminary injunction motion; Parties are to submit supplemental briefs; and Preliminary Injunction hearing set for 31 January 2017 (which the Court later moved to 3 February 2017). No further update as to the Feb 3rd hearing (as of Feb 4, 2017, 00:00 UTC).

Original post:
According to the website for the California State Superior Court, in the case involving new gTLD .AFRICA, Plaintiff DotConnectAfrica Trust (DCA) filed for a Temporary Restraining Order (TRO) on January 4, 2017, to which responses were filed that same date by Defendant ICANN and Intervenor ZA Central Registry (ZACR):

01/04/2017 Ex-Parte Application (FOR TRO, ETC; ) Filed by Plaintiff DCA
01/04/2017 Declaration (OF SOPHIE BEKELE ESHETE, ETC; ) Filed by Plaintiff DCA
01/04/2017 Declaration (OF ETHAN J. BROWN, ETC; ) Filed by Plaintiff DCA
01/04/2017 Opposition Document (TO PLFF'S EXPARTE APPL, ETC; ) Filed by Intervenor ZA Central Registry (ZACR)
01/04/2017 Declaration (OF DAVID W. KESSELMAN, ETC; ) Filed by Intervenor ZACR
01/04/2017 Opposition Document (TO DCA'S EXPARTE APPL, ETC; ) Filed by Defendant ICANN

According to the California State Superior Court website, Plaintiff's application for TRO has been scheduled for a hearing on January 31, 2017, at 08:30 A.M. in department 53 at 111 North Hill Street, Los Angeles, CA 90012.

As previously reported in an update to New gTLD AFRICA Redux: DotConnectAfrica Trust v. ICANN and ZACR | DomainMondo.com, the California State Superior Court denied Plaintiff DCA's motion for preliminary injunction in an Order dated December 22, 2016. As of 11pm UTC, January 7, 2017, ICANN has not published on its litigation web page any of the TRO filings referenced above.

Other Internet Domain News:

• Another flawed ICANN policy is about to take effect which could adversely impact domain name registrants--Putting your rights on the clock: The IRP supplementary rules | InternetGovernance.org: "... Each IOT [Implementation Oversight Team] member must bear responsibility ... ICANN staff also played a role in the procedural fail. ... The IRP has to protect registrants, not just contracted parties ... Send public comments to this email address: comments-irp-supp-procedures-28nov16 @ icann.org. The deadline is 25 January, 2016." More information at the link above, and here (open comment period) and here (pdf).

• ICYMI: LogRhythm.com predicts the internet will shut down for 24 hours in 2017 | BusinessInsider.com: "If you can prove that you can take down massive sites and a large chunk of the US internet for a few hours, a 24-hour outage seems pretty easy to do."

• Riding the ICANN gravy train: In 2016, ICANN spent $2.5 million for a select number of people to attend 3 meetings. Details here and here.

• ICANN and NTIA on January 6, 2017, formally terminated (pdf) the Affirmation of Commitments entered into by the U.S. government and ICANN on September 30, 2009.

• Jamie Hedlund to Take on Senior Contractual Compliance and Consumer Safeguards Role at ICANN | ICANN.org: "Duncan Burns, SVP, Global Communications, will take on Hedlund's former responsibilities overseeing U.S. government relations and management of ICANN's Washington D.C. office. As part of this change, Hedlund will become a member of the Executive Team and report to [ICANN President & CEO] Göran Marby."

• Adding up the costs of ICANN's new gTLDs: It's Official: 2016 Was a Record Year for Domain Name Disputes | circleid.com by IP attorney Doug Isenberg.

• The Public Interest and ICANN--CCWG-ACCT WS2 Jurisdiction Subgroup Mail List--"Lets take and decide issues on merit, of public interest, of justice, equality, democracy, and the such. Let issues not get decided by which parties have the most resources, including time, to invest in these so-called 'open processes' . Obviously, the most well-resourced will have the most resources and time. Governance and policy spaces are meant more to side with those who otherwise have less means and resources, not to augment the power of who already are better off in this matter. That is the tragedy of open multistakeholder processes that are not framed within democratic principles and concepts. Public interest is not the sum of private interests that can assemble, and elbow out others, on a designated space/table, it is meant to be a different, much higher, thing."

• Warning Domain Name Registrants: Malware Purveyor Serving Up Ransomware Via Bogus ICANN Blacklist Removal Emails | Techdirt.com.

• ICANN new gTLDs second round: it may be too late to "get it right this time" but some think not:

"... I’d like to think that a second time round, in whatever form the second time takes, we’re going to do a better job than the first time. We learned an awful lot in the first time round. There were a whole host of changes that were introduced really only after we saw what the applications were like. Now presumably we have an idea, you know, the balance may change but we’re not likely to see absolutely brand new types of applications. So I’m sure we’re still going to have some corrections to make along the way because we will be - almost certainly will be introducing a lot of changes, and some of those may have an issue with them as we go forward. I think we’re going to do a lot better than the last time ..."--Alan Greenberg, ALAC member, New gTLD Subsequent Procedures Working Group, Monday, 19 December 2016 transcript (pdf).

• Internet Freedom | Free Speech Online:

Turkey--′Worst country′ for media freedom in 2016 | DW.COM | 27.12.2016--"... According to the Turkish Journalists' Association, 148 journalists are currently imprisoned and many media outlets have been shut down ..."
Africa--Govts Adopt Internet Shutdowns to Quell Crises in 2016 | allAfrica.com--"Governments in Africa are becoming increasingly intolerant to freedom of speech, with Internet shutdowns now a common occurrence in many countries, a new report shows."
More African governments blocked the internet to silence dissent in 2016 | Quartz | qz.com: "For years, the internet has had a transformative effect on the economic and financial progress of the African continent. The availability of mobile broadband and fiber optic cable connections encouraged the growth of innovative industries ranging from e-commerce to education, health, insurance and beyond. But in 2016, the reverse became the reality, as government-directed internet outages became the rule rather than the exception."
UK--This threat to Press freedom is so wrong ... | dailymail.co.uk--"... Under Section 40 of the Crime and Courts Act [UK], rushed into law after the Leveson Inquiry, any relevant newspapers or news websites - from MailOnline to The Guardian, Huffington Post and Buzzfeed - which refuse to join a regulator approved under the Government's Royal Charter for the Press, and are sued for libel, will be forced to pay the other side's legal costs — even if they win ..."

• Most popular posts (# of pageviews Sun-Sat) this past week on DomainMondo.com:

*"Tay" post #1 for two weeks in a row!

-- John Poole, Editor, Domain Mondo

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DISCLAIMER

2016-01-19

IANA Transition, ICANN Accountability, Comment Analysis, Timeline

Above: CCWG-Accountability 3rd Draft, Public Comments, Trends & Analysis (published by ICANN on January 18, 2016)

Background: "As initial discussions of the IANA Stewardship Transition were taking place, the ICANN community raised the broader topic of the impact of the transition on ICANN's current accountability mechanisms. From this dialogue, the Enhancing ICANN Accountability process was developed to provide assurance that ICANN remains accountable in the absence of its historical contractual relationship with the U.S. Government, which has been perceived as a backstop with regard to ICANN's organization-wide accountability since 1998. The CCWG-Accountability was chartered to consider how ICANN's broader accountability mechanisms should be strengthened in light of the IANA Functions transition, and to review the existing accountability mechanisms such as those within the ICANN Bylaws and the Affirmation of Commitments [AoC]. The CCWG-Accountability is in the process of refining its conclusions and proposals based on the public comment received on the Accountability Framework it identified as essential to have in place or be committed to before the IANA Stewardship Transition (Work Stream 1). Next steps include finalization of the report for the Chartering Organizations' final endorsement. As appropriate, the Work Stream 1 conclusions will be delivered to the ICANN Board of Directors." (source: ICANN Report of Public Comments; emphasis and links added)

Additional info:

CCWG-Accountability meeting schedule
Link to public comment box: https://www.icann.org/public-comments/draft-ccwg-accountability-proposal-2015-11-30-en
Link to public comments: http://forum.icann.org/lists/comments-draft-ccwg-accountability-proposal-30nov15/
Link to public comment summary and analysis: https://www.icann.org/en/system/files/files/report-comments-draft-ccwg-accountability-proposal-08jan16-en.pdf

Below is the CCWG-Accountability timeline published in late 2015, which has suffered slippage:

Below is the overall IANA Stewardship Transition process, scheduled to be completed in 2016 (except for WS2 / Work Stream 2 accountability issues)

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DISCLAIMER

2015-12-26

ICANN New gTLDs: Competition, Consumer Trust & Choice Review Team

UPDATE: Letters of motivation, Curricula vitae, Statements of Interest below

Seventeen individuals have been selected to serve on the team that will review ICANN's New gTLD Program (new generic top-level domains) in relation to competition, consumer trust and consumer choice (CCT). Review team members represent "an array of geographic regions and areas of expertise, and have demonstrated knowledge of the New gTLD Program or one of the review areas" according to ICANN.

Six review team members were endorsed by the Generic Names Supporting Organization (GNSO), two were endorsed by the At-Large Advisory Committee (ALAC), and four members will serve as independent experts and bring deep knowledge of economics, consumer protection and intellectual property law, and Internet security to the team. Of the remaining five team members, two also belong to the Country Code Names Supporting Organization (ccNSO), two from the Governmental Advisory Committee (GAC), and one represents ICANN's CEO. In accordance with ICANN's Affirmation of Commitments (AoC), CCT review team members were selected by ICANN CEO Fadi Chehadé and GAC Chair Thomas Schneider. The individuals selected are listed below:

Members Representing an ICANN Supporting Organization or Advisory Committee:
Member | Country | SO/AC

Drew Bagley USA
Letter of motivation
Curriculum vitae
Statement of interests
Stanley Besen USA
Curriculum vitae
Statement of interests
N. Ravi Shankar India
Letter of motivation
Curriculum vitae
Statement of interests
Fabro Steibel Brazil
Letter of motivation
Curriculum vitae
Statement of interests

*ICANN CEO representative: Jamie Hedlund - ICANN Vice President, Strategic Programs, Global Domain Division
*GAC Chair representative: Laureen Kapin - FTC Counsel for International Consumer Protection; (pdf) and (pdf)

*The Affirmation of Commitments allows the ICANN CEO (Fadi Chehadé) and GAC chair (Thomas Schneider) to serve on the review team or designate representatives. As shown above, the ICANN CEO will be represented by ICANN's Jamie Hedlund, and GAC Chair by Laureen Kapin, of the GAC Public Safety Working Group and the U.S. Federal Trade Commission.

The CCT review team is expected to convene for its first meeting in January 2016 and complete a final draft of its report by December 2016. Periodic updates on the review will be made via icann.org and at ICANN public meetings. Further information on the review process and members of the review team may be found here.

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DISCLAIMER

2015-12-23

ICANN Accountability, What Is The Global Public Interest (GPI)?

A dispute is brewing between the ICANN Board of Directors and the Cross Community Working Group on Enhancing ICANN Accountability (CCWG-Accountability)--which is part of the IANA Stewardship Transition process--over the definition of, or application of, the term "global public interest" (GPI) as it applies to the CCWG-Accountability proposal.

The term global public interest is used in ICANN's Articles of Incorporation as set out by Board Member Bruce Tonkin in his response below to the question recently asked by the CCWG-Accountability:

CCWG-Accountability Question: "What are the legal basis and criteria by which the Board considers a given Recommendation to be contrary to the Global Public Interest? Clarification would really be useful to help our group, but also the Chartering Organizations, to check our own recommendations."

Response from the Board Liaison (Bruce Tonkin): "Coming to an agreed definition of the global public interest is part of ICANN’s strategic plan. It is the 5th of five strategic initiatives: “Develop and implement a global public interest framework bounded by ICANN’s mission.” Until this is done, the Board is guided by the global public interest as set out in our Articles of Incorporation: "... in recognition of the fact that the Internet is an international network of networks, owned by no single nation, individual or organization, ICANN shall, except as limited by Article 5 hereof, pursue the charitable and public purposes of lessening the burdens of government and promoting the global public interest in the operational stability of the Internet by

(i) coordinating the assignment of Internet technical parameters as needed to maintain universal connectivity on the Internet;

(ii) performing and overseeing functions related to the coordination of the Internet Protocol ("IP") address space;

(iii) performing and overseeing functions related to the coordination of the Internet domain name system ("DNS"), including the development of policies for determining the circumstances under which new top-level domains are added to the DNS root system;

(iv) overseeing operation of the authoritative Internet DNS root server system;

and (v) engaging in any other related lawful activity in furtherance of items (i) through (iv)."

By inference therefore any specifics of a proposal that could result in limiting ICANN’s ability to deliver on this role is a concern to the ICANN Board."

One Comment, of several, in Reply by one CCWG-Accountability participant:

"With respect Bruce, that is not responsive. Your last statement that " any specifics of a proposal that could result in limiting ICANN’s ability to deliver on this role is a concern to the ICANN Board" is a truism -- but there are many things that might limit your ability (lack of funding say) that are not in any way connected to the global public interest. You cannot possibly mean that if the Board thinks it limits ICANN it is, by definition, not in the GPI -- or if you do mean that then the Board has a very, very inflated sense of itself and the relative importance of its mission.

"Likewise there are many things in the global public interest that would improve (or at least not diminish) ICANN's ability to deliver the services it is tasked with delivering. You can't possibly be saying that things which are affirmatively in the global interest (greater diversity, for example) are not in ICANN's definition of GPI if they can be judged by ICANN to interfere with its operations. That, in effect, gives the Board a veto to say that it if adversely effects us, it can't be in the GPI -- even when the broader definition of GPI clearly suggests that it is.

"The Board's objection to enhanced transparency (in its comments on the Third Proposal) is a perfect example of this latter case -- the Board substituting its own judgement of what is good for ICANN for a judgment of what is in the GPI. I am more than willing to agree that greater transparency might impose greater process restrictions on Board activity and thus, in some perverse sense, be read to "limit ICANN's ability to deliver" its services -- by putting in more restrictions on what the Board can do. But for the Board to equate that with a restriction that is contrary to the GPI is to mistake ICANN for the globe and ICANN's interests for those of the people it serves.

"I continue to be dismayed at this type of response from the Board which reflects a lack of understanding of what the accountability project is all about."

See also on Domain Mondo: ICANN, Domain Industry, Special Interests, and the Global Public Interest - excerpt:

... The Institute of Chartered Accountants in England and Wales argues that applying a detailed definition [of "Public Interest"] is likely to result in unintended consequences .... Meaning of public interest | ALRC | Australian Law Reform Commission: "... Should public interest be defined? 8.35 ‘Public interest’ should not be defined, but a list of public interest matters could be set out ..." (emphasis added)

Also note the public interest is a term used in the Affirmation of Commitments (AoC) agreement between ICANN and the U.S. government (NTIA) dated September 30, 2009 (to be incorporated into ICANN's bylaws in accordance with the latest draft proposal):

".... 3. This document affirms key commitments by DOC and ICANN, including commitments to: (a) ensure that decisions made related to the global technical coordination of the DNS are made in the public interest and are accountable and transparent; (b) preserve the security, stability and resiliency of the DNS; (c) promote competition, consumer trust, and consumer choice in the DNS marketplace; and (d) facilitate international participation in DNS technical coordination. 4. DOC affirms its commitment to a multi-stakeholder, private sector led, bottom-up policy development model for DNS technical coordination that acts for the benefit of global Internet users. A private coordinating process, the outcomes of which reflect the public interest, is best able to flexibly meet the changing needs of the Internet and of Internet users. ICANN and DOC recognize that there is a group of participants that engage in ICANN's processes to a greater extent than Internet users generally. To ensure that its decisions are in the public interest, and not just the interests of a particular set of stakeholders, ICANN commits to perform and publish analyses of the positive and negative effects of its decisions on the public, including any financial impact on the public, and the positive or negative impact (if any) on the systemic security, stability and resiliency of the DNS .... 9.1 Ensuring accountability, transparency and the interests of global Internet users: ICANN commits to maintain and improve robust mechanisms for public input, accountability, and transparency so as to ensure that the outcomes of its decision-making will reflect the public interest and be accountable to all stakeholders...."

See also on Domain Mondo:

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DISCLAIMER

2015-11-16

CCWG on ICANN Accountability Issues Preview of Third Draft Proposal

CCWG-Accountability: A Preview of the Third Draft Proposal on Work Stream 1 Recommendations (pdf)

Above: Screenshot of front page of CCWG-Accountability: A Preview of the Third Draft Proposal on Work Stream 1 Recommendations (pdf) (15 Nov 2015)

CCWG-Accountability Issues Formal Update on Progress Made In and After ICANN54 in Dublin: "This is a brief and preliminary overview of the proposal for improving ICANN's accountability developed by the Cross Community Working Group on Enhancing ICANN Accountability (CCWG-Accountability) over the past year. It includes a very high-level summary of the main changes being proposed by the community and outlines what will be described in the full proposal. This 36-page document is designed to update the community on recent progress in and after ICANN54 in Dublin and raise awareness of the proposed enhancements to ICANN's accountability as a more detailed proposal is finalized. While this formal update reflects the current consensus positions of the group, there are outstanding elements that remain to be finalized. These finishing details are highlighted in the document, and will be confirmed and detailed in the Third Draft Proposal." (source: ICANN CCWG-Accountability; emphasis added).

The full Third Draft Proposal will be published on 30 November 2015, for public review and comment, and will include "further explanation and detail about the accountability improvements" outlined in the Preview document. It will also "explain why the changes have been suggested, how the community arrived at these recommendations and the options considered and ultimately rejected in development of the proposal."

Background: Over the last year, a working group of ICANN community members has been developing a set of proposed enhancements to ICANN's accountability to the global Internet community. This effort is integral to the transition of the United States' stewardship of the IANA functions to the global Internet community, reflecting the ICANN community's conclusion that improvements to ICANN's accountability were necessary in the absence of the accountability backstop that the historical contractual relationship with the United States government provided. The accountability improvements set out in this document are not designed to change ICANN's multistakeholder model, the bottom-up nature of policy development nor significantly alter ICANN's day-to-day operations. The main elements of the proposal are outlined below. Together with ICANN's existing structures and groups, these accountability enhancements will ensure ICANN remains accountable to the global Internet community.

A revised Mission statement for the ICANN Bylaws that sets out what ICANN does. This Mission statement clarifies but does not change ICANN's historic mission

An enhanced Independent Review Process and redress process with a broader scope and the power to ensure ICANN stays within its revised Mission

New specific powers for the ICANN community that can be enforced when the usual methods of discussion and dialogue have not effectively built consensus including the powers to:

Reject ICANN Budgets, Operating Plans or Strategic Plans
Reject changes to ICANN's Bylaws
Approve changes to new Fundamental Bylaws (see below)
Remove an individual ICANN Director from the Board
Recall the entire ICANN Board

An additional new power that gives the community a say in decisions about the IANA Function Reviews and any separation of the IANA Names Functions

All of these community powers can only be exercised after extensive community discussions and debates through processes of engagement and escalation. The process of escalation provides many opportunities for the resolution of disagreements between the parties before formal action is required.

The accountability elements outlined above will be supported through:

Additions to the ICANN Bylaws to create an Empowered Community that is based on a simple legal vehicle that will act on the instructions of ICANN stakeholder groups to exercise the Community Powers. The Empowered Community is granted the status of a Designator (a recognized role in law) and has the standing to enforce the Community Powers if needed.
Core elements of ICANN's governing documents (the Articles and Bylaws) being categorized asFundamental Bylaws that can only be changed with agreement between the ICANN community and the ICANN Board.

In addition, further proposed changes include:

A recognition of ICANN's respect for Human Rights
Incorporation of ICANN's commitments under the 2009 Affirmation of Commitments (AoC) with the United States Department of Commerce into the Bylaws, where appropriate
Improved accountability and diversity for ICANN's Supporting Organizations and Advisory Committees (SO/ACs)
A commitment to discuss additional accountability improvements and broader accountability enhancements in 2016, following implementation of this core set of accountability improvements.

For more information read the entire announcement here.
Source: ICANN (emphasis added)

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DISCLAIMER

2015-08-05

ICANN Chair to CCWG: "It is a destructive and inappropriate thing to do"

"Thank you Steve [DelBianco], I understand and appreciate the perspective you are coming from, that is from my perspective completely unacceptable, it is a passing of the ball, I understand you are operating under pressure, and I understand that you really didn't want to think hard about it, but nonetheless it is a destructive and inappropriate thing to do." -- ICANN Board Chairman Steve Crocker to the CCWG-Accountability's Steve DelBianco, at the CCWG Webinar Presentation on the Draft Report for Public Comment (August 4, 2015; emphasis added).

Who would have thought the Affirmation of Commitments (AoC) WHOIS Reviews would have been the "hot" topic at the first Webinar held Tuesday on the draft proposal by the CCWG on Enhancing ICANN Accountability? ICANN Board Chairman Steve Crocker was in attendance and unloaded on the proposal insofar as it incorporates the AoC WHOIS Reviews into ICANN's bylaws.

As of this posting, the transcript from the Webinar was not posted, but the audio and Adobe session are posted and available for review (the "Steve Crocker part" runs from about 55:50 to 1:00:15 on the audio recording). A female voice utters "Wow" after Crocker had finished, which you see referenced in the Chat window text transcript (along with a subsequent exchange between Crocker and DelBianco):

From Chat window (text) transcript (emphasis added):
....
Steve Crocker: (13:55) I have a question re the AoC reviews
....
Avri Doria: (14:00) an ATRT is schedule for 2016, or at least should be.
Greg Shatan: (14:01) +1 to the "wow" reaction at the end of that [Steve Crocker's] statement.
Jordan Carter (.nz, WP1 rapporteur): (14:01) I think it would be destructive and inappropriate for the CCWG to set itself up as the "fixit" body, trying to sort out all of ICANN's issues and all the specific problems that have been identified in the course of our work. As a group I think we have a lot of confidence in the ATRT3's ability to solve this problem.
McTim: (14:02) +1 to Jordan
Alan Greenberg (ALAC): (14:02) ATRT3 will likely have far less expertise on WHOIS issues than the CCWG does
....
Steve DelBianco [GNSO - CSG]: (14:02) Under the same AOC language, ICANN is about to begin another WHOIS review. Will that be destructive? I don't think so.
....
Steve Crocker: (14:04) @Steve DelB: Consistent with my comments, the answer to your question is yes, another whois review on the existing terms would be wrong and destructive. (emphasis added)

ICANN Chairman Steve Crocker is referring to the WHOIS Reviews mandated by the Affirmation of Commitments:

"9. Recognizing that ICANN will evolve and adapt to fulfill its limited, but important technical mission of coordinating the DNS, ICANN further commits to take the following specific actions together with ongoing commitment reviews specified below:
"..... 9.3.1 ICANN additionally commits to enforcing its existing policy relating to WHOIS, subject to applicable laws. Such existing policy requires that ICANN implement measures to maintain timely, unrestricted and public access to accurate and complete WHOIS information, including registrant, technical, billing, and administrative contact information. One year from the effective date of this document and then no less frequently than every three years thereafter, ICANN will organize a review of WHOIS policy and its implementation to assess the extent to which WHOIS policy is effective and its implementation meets the legitimate needs of law enforcement and promotes consumer trust. The review will be performed by volunteer community members and the review team will be constituted and published for public comment, and will include the following (or their designated nominees): the Chair of the GAC, the CEO of ICANN, representatives of the relevant Advisory Committees and Supporting Organizations, as well as experts, and representatives of the global law enforcement community, and global privacy experts. Composition of the review team will be agreed jointly by the Chair of the GAC (in consultation with GAC members) and the CEO of ICANN. Resulting recommendations of the reviews will be provided to the Board and posted for public comment. The Board will take action within six months of receipt of the recommendations.
10. To facilitate transparency and openness in ICANN's deliberations and operations, the terms and output of each of the reviews will be published for public comment. Each review team will consider such public comment and amend the review as it deems appropriate before it issues its final report to the Board...."

For more details, review the Twitter stream of Samantha Dickinson:

CCWG-Accountability, @SDCrocker: Whois review has fundamental flaw & shouldn’t be perpetuated. #IANAsteward
— Samantha Dickinson (@sgdickinson) August 4, 2015

Webinars of the CCWG-Accountability and the IANA Stewardship Transition Coordination Group proposals will continue over the next few days, more info: ICANN Accountability, IANA Transition, Proposals, Comments, Webinars

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2019-03-06

'Free Money' | Modern Monetary Theory a/k/a MMT Explained (video)

2017-01-08

News Review: New gTLD .AFRICA Plaintiff Files for New TRO vs ICANN

2016-01-19

IANA Transition, ICANN Accountability, Comment Analysis, Timeline

2015-12-26

ICANN New gTLDs: Competition, Consumer Trust & Choice Review Team

2015-12-23

ICANN Accountability, What Is The Global Public Interest (GPI)?

2015-11-16

CCWG on ICANN Accountability Issues Preview of Third Draft Proposal

2015-08-05

ICANN Chair to CCWG: "It is a destructive and inappropriate thing to do"

Domain Mondo archive