The U.S. treasury made a killing off the digital switchover - Mercedes-Benz Forum

 
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post #1 of 6 (permalink) Old 12-16-2008, 02:13 PM Thread Starter
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The U.S. treasury made a killing off the digital switchover

The digital switchover is being made in part because digital is more efficient -- it needs less bandwidth than analog to achieve the same things. As a consequence, a whole bunch of wavelength spectrum was freed up, which governments the world over have auctioned off to private (mostly wireless) companies. In the case of the U.S. government, it auctioned off 700MHz worth of bandwidth and made an absolute killing (almost $20 billion, which is double the reserve price).

Only $1.5 billion was already earmarked to pay for the converter box coupon program; the digital switchover was their idea, so they’re helping some Americans make the switch by defraying a good portion of the cost.
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post #2 of 6 (permalink) Old 12-16-2008, 03:07 PM
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And WHO, pray tell, gives a f^ck? Ice storm that bad, eh?

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post #3 of 6 (permalink) Old 12-16-2008, 06:51 PM
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Begging the question, when it became apparent that price of oil was dropping, why didn't the U.S. sell off a few gallons from the strategic oil reserve and then refill the gas tank at the lower prices. Could've been a real killing. Billions? Trillions? Is there a law against Federal arbitrage?

Quis custodiet ipsos custodes?

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post #4 of 6 (permalink) Old 12-16-2008, 06:55 PM
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Is the reserve full at this point? Because if not, it's an awesome time to fill 'er up.

Does anyone have a 20,000-gallon storage tank I can borrow?
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post #5 of 6 (permalink) Old 12-16-2008, 09:35 PM
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Is the reserve full at this point? Because if not, it's an awesome time to fill 'er up.

Does anyone have a 20,000-gallon storage tank I can borrow?
...ha ha, arse again!
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post #6 of 6 (permalink) Old 12-16-2008, 10:48 PM
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Is the reserve full at this point? Because if not, it's an awesome time to fill 'er up.

Does anyone have a 20,000-gallon storage tank I can borrow?
i'm pretty sure shrubco topped it off at $4+/gal.



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