Advisor Soapbox:
Original article While the U.S. has supplied a meager form of broadband to 20 million households (20% of the total), Korea has connected some 11 million households (73% of the Korean total) with real multimegabit pipes. While the U.S. pretends that the Internet boom was a scam and a delusion, the Koreans now run one-third of their economic transactions through Read More ›
9-11 Plus One
The Tech Comeback Is Real
With deflation under control, the case for a U.S. economic comeback gets stronger every day. But the conventional wisdom is that two of our most important and hardest hit sectors, technology and telecom, have so much capacity and so little confidence that it will be many years before they return to health. Telecom investment is down 75% since 2000, there Read More ›
The Telecom Meltdown’s Gang of Four — Plus Gore
First the prequel: In the immediate aftermath of the passing of China’s revolutionary leaders, Mao Zedong and Zhou Enlai, a claque of left-wing hardliners known as the “Gang of Four” sponsored by Mao’s widow, Jiang Qing, launched an effort to block pro-market reforms. They did not succeed, and China began a long, robust economic expansion. America’s has its own “Telecom Read More ›
Local and Long Distance
Tsar of Telephony
The Rise and Fall of the Ebbers Empire
WorldCom, one-time poster-boy telecom firm for the New Economy, lies in ruins. Its 19-year saga mirrors that of the once-vibrant long-distance industry. Its imminent demise, while hastened by scandal, was inevitable. The seedlings of WorldCom were planted on January 8, 1982 when Charles Brown, last chairman of legendary Ma Bell, capitulated to antitrust chief William Baxter. Facing imminent defeat in Read More ›