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Nearly All Tennesseans Have Broadband Internet Access
New research unveiled Wednesday by Connected Tennessee shows that 95% of Tennesseans have access to broadband Internet. The group also said nearly 80% of Tennessee households have access to fixed broadband speeds of at least 100 Mbps download/1.5 Mbps upload. In October 2011, only 41.8% of households in Tennessee had access to these broadband speeds.
Connected Tennessee has been working since 2007 to ensure that Tennessee residents have access to the economic, educational, and quality of life benefits derived from increased broadband access, adoption, and use.
Among the key findings of the new broadband availability research:
-- 91.89% of Tennessee households can access broadband service, including mobile wireless broadband, at advertised speeds of 6 Mbps download/1.5 Mbps upload, meaning that 202,144 households are in areas that may be eligible for Universal Service Fund broadband deployment subsidies.
-- 88.35% of Tennessee households can access fixed broadband service at speeds of at least 10 Mbps download/1.5 Mbps upload.
-- 91.5% of rural households in Tennessee have access to fixed broadband service of at least 768 Kbps download/200 Mbps upload (excluding mobile wireless service).
-- Basic broadband is available to 95.06% of Tennessee households.
-- 80.54% of Tennessee households have the ability to choose broadband service from two or more non-mobile broadband providers.
“We are encouraged that our efforts to bridge the broadband access gap are showing clear results,” said Connected Tennessee Executive Director Corey Johns. “Progress must continue, however, in order to bring the empowering technology of broadband to the remaining 123,220 Tennessee households unserved by basic, non-mobile, high-speed Internet.”
Last month, Connected Tennessee released an innovative new broadband mapping tool called My ConnectViewTM, which offers unmatched views of Tennessee’s technology landscape. Residents and businesses are encouraged to use the interactive map to find area providers and help validate the data.
Connected Tennessee’s research was conducted as part of the State Broadband Initiative (SBI) grant program, funded by the National Telecommunications and Information Administration (NTIA). The data were gathered in accordance with the requirements of the Notice of Funds Availability (NOFA) and subsequent clarifications set forth by NTIA. The process begins by contacting all known providers in the state and providing information about the broadband mapping project. Information on broadband service areas is collected from each willing provider through voluntary participation. A nondisclosure agreement (NDA) is offered to all providers prior to the submission of data; the data protected through the NDA is limited to highly sensitive network infrastructure information, including middle-mile locations. Connected Nation strives to maintain a flexible mapping process in order to be able to collect data from providers in a variety of formats based on providers’ technical capabilities and resources.
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Last Update on April 17, 2014 07:32 GMT
HONG KONG (AP) -- Asian stock markets were mostly lower today, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally.
Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left investors unimpressed.
Other regional benchmarks were unable to find direction in spite of optimism in the U.S., where major benchmarks closed at least 1 percent higher, and Federal Reserve Chair Janet Yellen said the central bank would continue to provide stimulus for the job market.
Trading in some markets such as Hong Kong and Australia was subdued ahead of a long weekend.
Benchmark crude oil rose above $104 a barrel.
The dollar slipped against the euro and the yen.
ECONOMY-THE DAY AHEAD
Major business and economic reports scheduled today
WASHINGTON -- Investors today will be taking a close look at the government's weekly jobless claims report.
Also due out is Freddie Mac's weekly mortgage rate report.
There are a slew of companies set to report their quarterly financial results today. All results will be released before the bell.
Among the major companies reporting are industrial giants DuPont and General Electric.
Two big investment banks, Goldman Sachs; and Morgan Stanley, will report earnings.
Also set to release quarterly results today are PepsiCo, Philip Morris International, Union Pacific, Mattel, UnitedHealth and Chipotle Mexican Grill.
ALBANY, N.Y. (AP) -- An official familiar with the investigation says the New York Attorney General's Office has issued subpoenas to six firms and sent a letter to another for details about split-second stock trading and any unfair advantages.
The official tells The Associated Press the subpoenas went last week to trading firms including Chicago-based Jump Trading LLC and Chopper Trading LLC and Tower Research Capital in New York. The official spoke on condition of anonymity because he wasn't authorized to publicly discuss the subpoenas.
Attorney General Eric Schneiderman has said advantages in computer hardware and placement enable some traders to get millisecond timing advances on trades.
His office, with New York authority to investigate securities fraud, is seeking details about trading strategies and special arrangements with trading venues.
LOS ANGELES (AP) -- A man will plead guilty to securities fraud and pay regulators around $801,000 for using insider information to profit from Disney's $4 billion acquisition of Marvel Entertainment in 2009.
According to the deal filed in Los Angeles federal court Wednesday, Toby Scammell learned from his then-girlfriend, a Disney corporate strategy employee, that Disney would acquire a well-known company she didn't name.
Scammell learned from his consulting company that Disney had previously wanted to acquire Marvel. He bought call options in Marvel stock for around $5,500, and later sold them for $192,000 in profit.
Last month, Scammell agreed to settle a parallel civil case and pay $801,000 to the Securities and Exchange Commission, which will be credited to his fine in the criminal case. He also faces prison time.
WASHINGTON (AP) -- The fight over whether workers at a Volkswagen plant in Tennessee can unionize is moving to Washington.
Two House Democrats said Wednesday they will investigate whether Republicans in that state may have violated "or otherwise run afoul" of any federal laws ahead of a February vote in which workers narrowly opted against joining the United Auto Workers.
Congressmen George Miller of California and John Tierney of Massachusetts say they want to know if any Tennessee Republicans attached any inappropriate strings to the state's $300 million incentive package to get VW to expand the Chattanooga plant.
The union claims the election was tainted by Republicans including U.S. Sen. Bob Corker.
Corker and others have denied doing anything inappropriate.
A hearing on the UAW's complaint is set for Monday in Chattanooga.
SAN FRANCISCO (AP) -- Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.
The disclosure in a regulatory filing may lead to more second-guessing of Yahoo CEO Marissa Mayer's decision to hire de Castro as her second-in-command in October 2012.
Mayer dumped de Castro in January after concluding he wasn't executing on her plan for reviving Yahoo's lackluster ad growth. De Castro had been in charge of ad sales.
Yahoo Inc. previously disclosed de Castro would be getting a severance package, but didn't reveal the amount until Wednesday.
The company's board said most of the severance stemmed from the costs of luring de Castro from his previous job at Google Inc.
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