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The US government should spend at least $1.25 billion "to invest in Western-based alternatives to Chinese equipment providers Huawei and ZTE," a bipartisan group of six US senators said yesterday.
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"Every month that the US does nothing, Huawei stands poised to become the cheapest, fastest, most ubiquitous global provider of 5G, while US and Western companies and workers lose out on market share and jobs," Warner said.
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The senators said these funds will help the US win "the race for 5G." The Federal Communications Commission's Republican majority has repeatedly cited the "race to 5G" as justification for eliminating federal rules and preempting municipal regulations that cover deployment of wireless equipment in US cities and towns.
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The FCC in November voted unanimously to ban Huawei and ZTE equipment in projects paid for by the FCC's Universal Service Fund (USF), saying the equipment could have backdoors installed at the behest of the Chinese government. This ban affects only future projects and the use of federal funding to maintain existing equipment, but the FCC may also eventually require removal of Huawei and ZTE gear from networks that have already been built.
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If the bill passes, recipients of FCC grants for replacing Chinese equipment with new 5G technology would have to submit plans outlining how they will switch to standards-based equipment.
Previously:
Huawei Denies Receiving Billions in Financial Aid From Chinese Government
(Score: 2) by Runaway1956 on Monday January 20 2020, @09:32PM (1 child)
In short, our economy today amounts to one big circle jerk. Everyone wants to "service" someone, but precious few are actually producing anything. I won't pull any punches here - it sucks ass. It's the reason millenials have to work two, three, maybe six jobs to make ends meet. It just sucks ass. The "gig economy" needs to be stuffed up the politician's asses, where it came from.
A MAN Just Won a Gold Medal for Punching a Woman in the Face
(Score: 0) by Anonymous Coward on Wednesday January 22 2020, @06:48AM
When most of the rest of the world are "holding" trillions of US dollars what that means is you can transfer wealth from them by creating more US dollars (aka "quantitative easing" or whatever fancy names you decide to call it).
You can then
a) Use that wealth to benefit the US citizens (build infrastructure, better education etc).
or
b) Use that wealth to benefit a few favored ones.
The US Gov seems to be doing b) too much nowadays.