Fresh Hope for Broadband
On the campaign trail and in the White House, President Barack Obama has embraced the idea of providing high-speed Internet access to every community in America. But the plans for universal broadband have gotten off to a rocky start. Some technology executives complain that the $7.2 billion allocated in the federal stimulus plan isn't half the amount needed to do the job. Telecom companies, including AT&T (T) and Verizon Communications (VZ), are so wary of the program's potentially onerous rules—the strings that usually come attached with federal money—that they may sit out the first round of grants.
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