Reaching rural America with broadband internet service

(Credit: AP Photo/Elaine Thompson) All across the U.S., rural communities’ residents are being left out of modern society and the 21st century economy. I’ve traveled to Kansas, Maine, Texas and other states studying internet access and use — and I hear all the time from people with a crucial need still unmet. Rural Americans want faster, cheaper internet like their city-dwelling compatriots have, letting them work remotely and use online services, to access shopping, news, information and government data. With an upcoming Federal Communications Commission vote on whether cellphone data speeds are fast enough for work, entertainment and other online activities, Americans face a choice: Is modest-speed internet appropriate for… Read More

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Does Bitcoin have a future?

(Credit: Reuters/Jim Urquhart) Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent market turbulence, its champions see bitcoin (and its cryptocurrency peers) as an ideal market-generated solution as questions arise about the future viability of paper currencies in a global economy characterized by sky-high indebtedness and bloated government/central bank balance sheets. The enthusiasts behind cryptocurrencies produce debt clocks that relentlessly tick over to get us to believe that a Weimar–style hyperinflation is imminent. By creating an alternative store of value outside the control of easy-money-peddling central banks, and their corrupt… Read More

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