This is so stupid - You can't make this stuff up

The United States announces that it will relinquish control of the DNS root zone, removing its oversight of ICANN.

What the hell is Obama going to do next ??? I own several domain names that will be affected by this act. What do you think North Korea or China will do when they can get control of domain names and routing. I'm sure that most reading about this give away will not understand it, but you can take it to the bank, it is not in the best interest of the internet or the United States ........ Jack