AT&T Inc. and BellSouth Corp. are lobbying Capitol Hill for the right to create a two-tiered Internet, where the telecom carriers' own Internet services would be transmitted faster and more efficiently than those of their competitors.
The proposal is certain to provoke a major fight with Google Inc., Yahoo Inc., Time Warner Inc., and Microsoft Corp., the powerful owners of popular Internet sites. The companies fear such a move would give telecommunications companies too much control over a fast-growing part of the Internet.
The proposal supported by AT&T and BellSouth would allow telecommunications carriers to offer their own advanced Internet video services to their customers, while rival firms' online video offerings would be transmitted at lower speed and with poorer image quality. [emphasis added]
Seriously, I love the digital age I'm living in, but I hate the fact that everytime I read something like this I feel as though corporations really will be running the world by the end of my lifetime... and that's a world a don't want to live in.
(link gakked from Boing Boing, which you really should read on a daily basis if you aren't already)