November 29, 2005

Money Is There to Aid Rural Internet, but Loans Are Hard to Get - New York Times

High speed Internet service to everyone is the 'holy grail' of telecom these days. But to make that happen will require $Billions more in infrastructure. The Department of Agriculture loan program, akin to the REA of last century, is a reasonable way to proceeed, but the last thing needed is poor management of that big honeypot with loan defaults ("...$30.4 million in loans for high-speed Internet access, or broadband, are in default now").

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