I was fascinated by these two side-by-side articles by Reuters News Service. The actually made it to page 3 and I doubt that Reuters wanted them to be printed beside one another.
Story one was about a poor company, LightSquared that developed a product that was going to provide a wireless broadband network all accross America. While that sounds great their “service” tended to interfere with all other GPS networks and satellites, even those used by our military. Still LightSquared fought the good fight and conviced the FCC to grant approval of the system. That’s when the firestorm started…actually no firestorm as you probably never heard of LightSquared (even though I included it in my top ten 2011 news stories – it was in No. 5). Stuff did happen as Congress (make that the Republicans) started getting involved and the FCC suddenly revoked their approval. The Reuters piece was all about the business and what their next step would be, perhaps bankruptcy! I thought this excerpt from the article was very interesting;