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Is the US giving up the Internet?

This story sure seems to say so. Then again, this story says different.

Don't misunderstand. I've always liked the idea of a truly international body overseeing Internet standards. But last year's proposal to put it under the control of the UN filled me then--and now--with undisguised horror. An international body made up of nations with democratically-elected and stable governments can be made to work, and actually strikes me as a good idea. But countries like China, Saudi Arabia and the like should have precisely nothing to say about the future of the Internet.