The Broadband Opportunities Program, part of the "stimulus" supposedly aimed at helping the United States climb out of the 2008 recession, now has had disbursements halted, at least for parts of the program, due to allegations of waste and fraud.
Some $594 million in spending has been temporarily or permanently halted, representing 14 percent of the overall program.
The Commerce Department’s inspector general has raised questions about the program’s ability to adequately monitor spending occurring as part of 230 grants.
Tuesday, February 12, 2013
Broadband "Stimulus" Disbursements Halted; Waste and Fraud are the Issues
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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