Sunday, 19 April 2015
Last updated 7 hours ago
Nov 18 2011 | 2:30am ET
Harbinger Capital Management's ambitious wireless Internet venture has a new opponent on Capitol Hill.
LightSquared has already faced scrutiny from Sen. Charles Grassley (R-Iowa), who has questioned whether Harbinger founder Phillip Falcone's donations to Democrats smoothed the regulatory way for the company. Now, Sen. Pat Roberts (R-Kan.) has introduced a bill that would take the matter out of the Federal Communications Commission's hands.
Roberts' bill would bar the FCC from giving LightSquared the necessary approvals until it has shown that its services won't interfere with global positioning systems. GPS users have warned that LightSquared could cause significant problems to all manner of precision GPS devices.
"There is too much at stake in interfering with a tool we all use, and on which our public safety and national security depend so heavily," Roberts said.
LightSquared call the proposed measure "unnecessary and redundant."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…