Marketplace

The Federal Reserve is taking on the digital divide

A Q&A with Jeremy Hegle, a senior community development adviser for the Federal Reserve Bank of Kansas City. The Federal Reserve Bank is trying convince businesses that the digital divide is their problem, too. He said:

The promise and reality of Google Fiber

In the Kansas City region, Austin (TX), and Provo (UT), Google Fiber did something almost too good to be true. It handed out free internet (for up to seven years) to anyone willing to pay a one-time installation fee of $300. Sure, the gratis package was one-200th the speed of Google Fiber’s drool-inducing gigabit plan. But free is free. By the time Google Fiber put out its shingle in Atlanta, it had dropped the on-the-house option in favor of a $50 (and much faster) monthly plan.