English: Avaya ERS 8600. (Photo credit: Wikipedia)
By George Mattathil – AT&T CEO Randall Stephenson says, “The really big numbers come when you get really close to turning off the switch on the old legacy TDM infrastructure. There are significant network and IT costs involved in sustaining those products and you don’t turn the lion’s share of those off till you take that last product out of service.”
It seems primary preoccupation at AT&T is not how well they can operate the networks, but how much money they can save. Current thinking is a continuation of the past decision to keep the then profitable long distance business and spin-off valuable technology (Lucent, Avaya, Agere) and access networks (Baby Bells.) Service quality, reliability and performance are being sacrificed for the sake of financial profits. Such flawed thinking is a common problem.
It is possible that AT&T is not really driving this effort, but the government. That would explain the series of illogical past decisions by AT&T.
Proceeding with the all-IP plans will result in a network system that is less than optimum. Past neglect of a fully developed rail network [1, 2, 3] has resulted in the less than optimum current transportation system in the US.
If the FCC agrees with AT&T plans, get ready for a sub-standard network infrastructure with reduced service features and performance.♦
Posted in Broadband, Business, Economy, FCC, History, Net, Regulations, telecom
Tagged Access network, AT&T, Broadband, Business, Federal Communications Commission, Government, Internet, Net evolution, United States, Wireline
By Joshua Zumbrun and Rich Miller – The former Bank of Israel governor, though a newcomer to the Fed, also brings continuity and strong academic credentials: as a professor of economics at Massachusetts Institute of Technology, he taught Fed Chairman Ben S. Bernanke, whose term ends in January, and European Central Bank chief Mario Draghi.
If confirmed by the Senate, Fischer would assume the vice chairmanship of a central bank struggling to convince investors that policy will remain easy even after it winds down its quantitative easing program. more> http://tinyurl.com/kczjw2d
Posted in Banking, Business, Economy, Leadership
Tagged Bank of Israel, Business, Federal Reserve System, Government, Leadership, Massachusetts Institute of Technology, Monetary policy, Stanley Fischer, United States
By Ben Bajarin – Android first role is as a smartphone platform. Most hardware manufactures do not own and develop their own operating system. Most like Samsung, HTC, LG and nearly all other smartphone brands you can name, must use an operating system platform that someone else creates.
While some contend that Apple has had the greatest impact on the irrelevance of Microsoft in mobile, the reality is that Android is the culprit. more> http://tinyurl.com/qjd2jcp
Posted in Business, Economy, History, Net, Technology, telecom
Tagged Android, Business, Computing platform, Electronics, Industrial economy, Organization, Smartphone, Technology, United States
By Sheila Bair – People love to beat up on the big banks (and I do my fair share), but believe it or not, they were not the root of all evil in 2008. Asset managers and insurance companies also created significant problems. As you will recall, taxpayers had to risk trillions in government support to bailout both the American Insurance Group, a.k.a. AIG (AIG), as well as the money market/mutual fund industry. What’s more, it is important to understand that when we bailed out the banks, we also bailed out these nonbank institutions, as some were heavily invested in bank debt or were standing on the other side of bank derivatives trades. Without the bank bailouts, these nonbanks could have taken big losses. more> http://tinyurl.com/kt9opho
Posted in Banking, Business, Economic development, Economy, Education, Regulations
Tagged Bailout, Banking reform, Business, Congress Watch, Government, Organization, Regulations, Too big to fail, United States