From the Op-Ed page at today's Tribune-Review we read:
FCC rejection of a planned satellite/wireless network that interferes with GPS frequencies is welcome recognition that technological realities trump crony capitalism.Too bad those last two paragraph are riddled with factual holes. They want you to think one thing (it's all "Democrat crony capitalism") when the facts paint a far different picture.
The Federal Communications Commission on Tuesday moved toward revoking a waiver that required LightSquared to show the interference problem could be solved. The Hill's Hillicon Valley blog reports the head of the National Telecommunications and Information Administration told the FCC "there are no mitigation strategies that ... solve the interference issues ... ."
That's good news for GPS-reliant commercial aviation safety and military operations -- and bad news for big Obama donors backing LightSquared and for the president, who invested $50,000 in 2005.
Hedge fund operator Phil Falcone put $2 billion-plus into LightSquared. A major Obama donor, he now says he's a Republican who didn't try to influence the FCC process.
