Seriously we are in the midst of the convergence of voice and data and that is challenging the infrastructure of the telephone companies. There are huge commercial interests in the basic technology but even more so in content delivery and control of content.

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Within the U.S. the Obama presidency will be mainly measured by the success or failure of his economic policies. And here I fear the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.