Expanding internet access - BlackRock CEO talks ESG - German far-right success

Source: Associated Press

1. Summary
   On Monday, President Biden announced how $42.5 billion from his 2021 infrastructure law would be spent to improve high-speed internet access. The funding will be allocated to all 50 states and Washington, DC, but it is primarily aimed at the 7% of the population that lives in underserved areas. The administration compared it to Franklin D. Roosevelt's effort to bring electricity to rural America.
   
   Each state will get at least $100 million. 10% of the funds will be set aside for "high-cost allocations" where geography makes establishing broadband access more costly. The remaining funds will be distributed proportionally, based on the number of unserved locations in a state.
   
   States can begin submitting plans to get the funding in June. The National Telecommunications and Information Administration will allocate the funding based on the Federal Communications Commission's map of broadband access. Some, including state officials in Vermont and Nevada, say the map overstates broadband access.

   Highly-rated - last 48 hrs
   Biden to announce state breakdown of 2021 law’s broadband funding.
   Roll Call (Center) • Factual Grade 77% • 3 min read
   

1. Different political viewpoint
   President Biden announces $40 billion for high-speed Internet access.
   Forbes (Moderate Right) • Factual Grade 70% • 3 min read

1. Selected long-read
   FCC’s new broadband map greatly overstates actual coverage, senators say.
   Ars Technica (Center) • Factual Grade 73% • 5 min read

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