$200 Billion Broadband Scandal was posted to a list I am on today.
New investigative ebook offers micro-history of Verizon, SBC, Qwest, and BellSouth’s (the Bell companies) fiber optic broadband promises and the consequence harms to America’s economic growth because they never delivered and kept most of the money, about $200 billion.
New York: This is one of the largest scandals in American history. America is 16th in the world in broadband and the US DSL current offerings are 100 times slower than other countries such has Japan and Korea. How did we go from Number 1 in the web to 16th in broadband and falling?
* Are customers owed $2000 for a fiber optic service they paid for but never received? Did towns and cities, libraries and schools, government agencies, and every residential and business customer subsidize new networks that never showed up?
* Did America lose $5 trillion in economic growth, $500 billion annually, because of these missing networks?