Breaking News

World’s Richest Man, Carlos Slim, Profiting from Lifeline Program
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

According to Fox News, Carlos Slim’s company nets $10 every time a low-income American receives a phone from Lifeline, a government program. Slim has a controlling stake in TracFone and is the richest man in the world. The CEO of the company, Frederick Pollak, also profits from the data plans and minutes beneficiaries of the program buy. Pollak is a major donor to the Obama campaign.

The program has come under fire recently when a video came about featuring a supporter of Obama who said that she was going to vote for the president in the November election because he gave her a free phone. In the video, the woman said, “Everybody in Cleveland, every minority, got an Obama phone. Keep Obama as president. He gave us a phone. He gonna do more.”

  
What
Where


Even though Lifeline has caused some controversy with Obama, it was created back in 1984, when Ronald Reagan was the president. At the time the program was for landlines only. The program was expanded to include cell phones in 1996 by President Bill Clinton.

The FCC describes the program as, “Lifeline is a government benefit program supported by the Universal Service Fund that provides a discount on phone service for qualifying low-income consumers. Lifeline helps ensure that eligible consumers have the opportunities and security that phone service brings, including being able to connect to jobs, family, and emergency services.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Paralegal

USA-NE-Bellevue

Paralegal Big Fire Law & Policy Group LLP is seeking an experienced Paralegal to join our Firm. ...

Apply now

Litigation Attorney

USA-NE-Bellevue

Litigation Attorney   Big Fire Law & Policy Group LLP is a prominent tribal law firm providi...

Apply now

Employment Advocate

USA-CA-Malibu

Legal Authority is at the forefront of the job placement industry. We are looking for an experi...

Apply now

Employment Advocate

USA-CA-Pasadena

Legal Authority is at the forefront of the job placement industry. We are looking for an experi...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Family Law Attorney

USA-CA-Sacramento

Sacramento office of our client seeks Family Law Attorney with 6 years of experience. The candidate ...

Apply Now

Business Litigation Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search top ranked law firm seeks Business Litigation Attorney...

Apply Now

Litigation Associate Attorney

USA-TX-Dallas

Dallas office of a BCG Attorney Search top ranked law firm seeks Litigation Associate Attorney with ...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top