Senators Think FCC Broadband Plan is Modest

The new Obama back national broadband plan that the FCC is carrying out is looking to give access to broadband up to 100Mbps in major cities and of at least 4Mbps everywhere. Some Senators has started asking the FCC is its plan is too modest.

Even with the speeds that the FCC is, proposing the US will still be far behind other countries when it comes to broadband access speeds. The FCC seeks to give 100 million homes access to 100Mbps speeds. However, that fast 100Mbps speed will only be offered in big cities, living rural Americans out.

Senator Daniel Inouye asked FCC chairman Genachowski bluntly, "What is the FCC's rationale for a vision that appears to be firmly rooted in the second tier of countries?" Genachowski stated that the speeds will be reviewed every few years.

Updates

Bankia preference shares not to be converted into capital - chairman

Source: Hartford Courant

MADRID (Reuters) - Bankia's chairman Jose Ignacio Goirigoizarri said on Saturday he did not envisage converting about 4 billion euros ($5.00 billion)in preference shares held by investors into capital. "We don't envisage that the solution around preferen ...
Full article at: Hartford Courant  More like this  2 hours ago

Bankia says it could sell Spanish company stakes

Source: Hartford Courant

A man shouts slogans during a protest outside headquarters of Spain's fourth largest bank Bankia in Madrid (Sergio Perez Reuters, REUTERS / May 24, 2012) MADRID (Reuters) - Spain's Bankia said on Saturday that it could se ...
Full article at: Hartford Courant  More like this  3 hours ago

Poland's PGNiG wants to invest $14 billion over 10 years: paper

Source: Hartford Courant

Gas pressure gauges are seen at Rembelszczyznia PGNiG gas centre outside Warsaw January 3, 2006. [Ce.. (Katarina Stoltz Reuters, / May 26, 2012) WARSAW (Reuters) - Polish gas monopoly PGNiG wants to invest about 50 billion zlotys ($14.31 bi ...
Full article at: Hartford Courant  More like this  3 hours ago

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