More money down a rat h0le. And we learn we need to share the pain, or rather the wealth. I guess we have to get Al Jeezera out into Minnesota. It would be interesting to know who got the contracts. Follow the money so they say. Great video if you need to get stoked up with some great laughs. Sick ones, but you will get a chuckle. Vid from the Onion. Here tis:
From Ace of Spades
Eisenach and Caves looked at three areas that received stimulus funds, in the form of loans and direct grants, to expand broadband access in Southwestern Montana, Northwestern Kansas, and Northeastern Minnesota. The median household income in these areas is between $40,100 and $50,900. The median home prices are between $94,400 and $189,000.
So how much did it cost per unserved household to get them broadband access? A whopping $349,234, or many multiples of household income, and significantly more than the cost of a home itself.
Sadly, it’s actually worse than that. Take the Montana project. The area is not in any meaningful sense unserved or even underserved. As many as seven broadband providers, including wireless, operate in the area. Only 1.5% of all households in the region had no wireline access. And if you include 3G wireless, there were only seven households in the Montana region that could be considered without access. So the cost of extending access in the Montana case comes to about $7 million for each additional household served. H/T: Ace of Spades