An anonymous reader writes On Wednesday at a hearing in front of the US House Committee on Small Business, FCC Chairman Tom Wheeler stated that for ISPs to be eligible for government broadband subsidies, they would have to deliver speeds of at least 10 Mbps. Said Wheeler: “What we are saying is we can’t make the mistake of spending the people’s money, which is what Universal Service is, to continue to subsidize something that’s subpar.” He further indicated that he would remedy the situation by the end of 2014. The broadband subsidies are collected through bill surcharges paid for by phone customers. Read more of this story at Slashdot.
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FCC Chairman: Americans Shouldn’t Subsidize Internet Service Under 10Mbps
Home Depot confirmed today that the company was, indeed, the victim of a large credit card breach reported by many customers last week. An estimated 60 million card numbers were stolen, which would make it the biggest such hack in retail history. Read more…