WASHINGTON, July 17, 2020 – Broadband Breakfast announced that its Broadband Breakfast Live Online webcast series will focus on one-on-one interview with “Champions of Broadband” over the next six weeks.
The series — continuing to stream weekly on Wednesdays at 12 Noon ET, from July 22 in October — will feature conversations with industry leaders who have devoted their careers to helping ensure better broadband and better lives for individuals across the country.
Among the individuals who have committed to participate in the series include former Federal Communications Chair and Commissioner Mignon Clyburn; former Federal Communications Commissioner Robert McDowell; Sunne Wright McPeak, President and CEO of the California Emerging Technology Fund; Jim Baller, President of the law firm of Baller, Stokes & Lide; Tom Hazlett, Professor of Economics at Clemson University specializing in the Information Economy; Don Means, Director, Gigabit Libraries Network; and Bob Frankston, Distinguished Lecturer with the IEEE Consumer Technology Society and a member of its Board of Governors.
Broadband Breakfast have been running our Live Online series since March 2020, discussing and debating the implications of broadband policy and internet technology.
The Washington-based media community Broadband Breakfast launched the series to address the impact of broadband on the coronavirus pandemic, including discussions about the digital divide, teleworking, distance learning, telemedicine, and Digital Infrastructure Investment. Most recently, Broadband Breakfast launched a three part series on Section 230: Separating Fact From Fiction in sponsorship with the Computer & Communications Industry Association.
“Our goal with Broadband Breakfast Live Online is to connect and help provide solutions to the policy issues that broadband touches and addresses,” said Drew Clark, Editor and Publisher of Broadband Breakfast. “There is no better way to understand the solutions that high-speed internet provider than to spend time with champions who have devoted their careers to Better Broadband, Better Lives.”
Past episodes of Broadband Breakfast Live Online
- Wednesday, October 7, 2020, — “Champions of Broadband: Randy May”
- Wednesday, September 30, 2020 — “Champions of Broadband: Sunne Wright McPeak”
- Wednesday, September 23, 2020 — “Champions of Broadband: Commissioner Robert McDowell”
- Wednesday, September 16, 2020 — “Champions of Broadband: Barbara DeGarmo and Masha Zager”
- Wednesday, September 9, 2020 — Preview of The INCOMPAS Show, ConnectIN2020
- Wednesday, September 2, 2020 — “Buildup to Broadband Communities Summit: Better Broadband Mapping for Rural America“
- Wednesday, August 26, 2020 — “Champions of Broadband: Don Means”
- Wednesday, August 19, 2020 — “Champions of Broadband: Tom Hazlett”
- Wednesday, August 12, 2020 — “Champions of Broadband: Broadband Breakfast Reporters and Editors”
- Wednesday, August 5, 2020 — “Champions of Broadband: Mignon Clyburn”
- Wednesday, July 29, 2020 — “Champions of Broadband: Jim Baller”
- Wednesday, July 22, 2020 — “Champions of Broadband: Bob Frankston”
- Wednesday, July 15, 2020 — “Public Input on Platform Algorithms: The Role of Transparency and Feedback in Information Technology”
- Wednesday, July 8, 2020 — “Section 230 in an Election Year: How Republicans and Democrats are Approaching Proposed Changes”
- Wednesday, July 1, 2020 — “Content Moderation: How it Works, Why it Works, and Best Practices”
- Wednesday, June 24, 2020 – “Shared Infrastructure and Small Cell Deployments” (Topic 4 at Digital Infrastructure Investment on August 10)”
- Wednesday, June 17, 2020 – “Federal Funds and Opportunity Zones (Topic 3 at Digital Infrastructure Investment on August 10)”
- Wednesday, June 10, 2020 – “Infrastructure Investment Funds (Topic 2 at Digital Infrastructure Investment on August 10)”
- Wednesday, June 3, 2020 – “Last-Mile Digital Infrastructure (Topic 1 at Digital Infrastructure Investment on August 10)”
- Wednesday, May 27, 2020 – “Robocalls: Have They Accelerated Under the Coronavirus, and What is the FCC Doing About It?”
- Wednesday, May 20, 2020 – “How Broadband Maps Are Being Used to Help Identify Unserved and Underserved Communities”
- Wednesday, May 13, 2020 – “Measuring and Monitoring the Health of Broadband Networks During the Coronavirus”
- Wednesday, April 29, 2020 – “Will the Coronavirus Lead to a Loss of Privacy?” – Weighing Contract Tracing and Broadband Surveillance
- Wednesday, April 22, 2020 – “Will the Techlash Be Livestreamed: How Are Big Tech Companies Navigating the Obstacles of the Coronavirus?”
- Wednesday, April 15, 2020 – “Infrastructure Investment in a Time of COVID-19: Turning to Governments, Angels or Capital Markets”
- Wednesday, April 8, 2020 – “Will the Coronavirus and COVID-19 Finally Bring Us Telehealth?”
- Tuesday, March 31, 2020 – “The Importance of Universal Broadband in the Age of the Coronavirus”
- Monday, March 30, 2020 – “A Coronavirus Conversation With Millennials from Around the World”
- Thursday, March 26, 2020 – “Broadband, the Coronavirus, and K-12 Education”
- Wednesday, March 25, 2020 – “Ensuring Connectivity During the Coronavirus” – What are communications companies doing?
- Tuesday, March 24, 2020 – “Covering the Coronavirus: How are Broadband Journalists Covering the Pandemic?”
- Monday, March 23, 2020 – “Free and Low Cost Internet Plans During the Coronavirus Crisis” – What should ISPs do to ensure connectivity for all?
- Friday, March 20, 2020 – “Measuring and Understanding Bandwidth Usage During the Coronavirus” – How is the internet holding up to different traffic patterns in the daytime?
- Thursday, March 19, 2020 – “Tools for Telework and the Coronavirus” – How are American workplaces holding up to truly going virtual?
- Wednesday, March 18, 2020 – “Emergency Policy Levers and the Coronavirus” – What is the FCC doing to meet the demands of the crises?
- Tuesday, March 17, 2020 – “Coronavirus and Keep America Connected” – How are internet service providers rising to the challenge?
- Friday, March 13, 2020 – “Coronavirus and Education” – Getting ready for a tsunami of online education
Dianne Crocker: Recession Fears Have Real Estate Market Forecasters Hitting the Reset Button
Growing fears of recession trigger pullback on previous rosy forecasts.
The lyrics to “Same As It Ever Was” by the Talking Heads certainly don’t apply to how 2022 is playing out in the commercial real estate market. Two quarters of negative economic growth has put a damper on market sentiment and triggered fears that the U.S. economy is heading for a recession. By midyear, market analysts were taking a good, hard look at their rosy forecasts from the start of the New Year and redrawing the lines.
Once upon a time…
At the start of 2022, forecasters were bullishly predicting that commercial real estate investment and lending levels would be nearly as good as 2021. This was significant, considering that 2021 set new records for deal-making and lending volume as the debt and equity capital amassed during the pandemic while looking for a home in U.S. commercial real estate.
What a difference a few quarters have made. Virtually, all the predictions that started the New Year were obsolete by mid-summer. The abrupt shift in market conditions is palpable and surprised just about everyone. Now, markets are reaching an inflection point that is in sharp contrast with the strong rebound of last year.
The two I’s: Inflation and interest rates
At the core of the recent upset in market sentiment is the persistence of high inflation, which seems to be ignoring all attempts by the Federal Reserve to raise interest rates and bring prices down. Higher inflation is having a ripple effect throughout the economy, pushing up the costs of construction materials, energy, and consumer goods. Among the notable economic indicators showing stress at mid-year was the GDP, which fell for the second consecutive quarter, and the Consumer Price Index, which jumped 9.1% year-over-year in June – the highest increase in about four decades.
In July, the CPI fell to 8.5%, an encouraging sign that inflation was beginning to stabilize. By the latest August report from LightBox, however, hopes were dashed when the CPI showed little improvement, holding firm at a still high of 8.3%.
The market is responding to a higher cost of capital as lenders tap the brakes. As the cost of capital rises with each interest rate hike and concerns of a recession intensify, many large U.S. financial institutions are pulling back on their loan originations for the rest of 2022 and into 2023. This change in tenor is a significant shift, given that 2021 was a record-breaking year for commercial real estate lending. Many lenders have already shifted to a more defensive underwriting position as they look to mitigate risks.
The Mortgage Bankers Association, which had previously predicted that lending levels in 2022 would break the $1 trillion mark for the first time revised their forecast downward in mid-July. By year-end, the MBA now expects volume to be a significant 18% below 2021 levels—and one-third lower than the bullish forecast made in February. Now, investment activity is cooling as higher borrowing costs drive some buyers from the market.
In the investment world, transactions were down by 29% at midyear due to a thinning buyer pool as higher rates impact access to debt capital. Market volatility is causing investors, lenders, and owners to rethink strategies, reconsider assumptions, and prepare for possible disruption.
Looking ahead to year-end and 2023
The rapid and diverse shifts in the market make for an uncertain forecast and certainly a more cautious investment environment. The battle between inflation and interest rates will continue over the near term. As LightBox’s investor, lender, valuation, and environmental due diligence clients move toward the 4th quarter—typically the busiest quarter of the year–unprecedented volatility is driving them to recalibrate and reforecast given recent market developments.
Continued softness in transaction volume is likely to continue as rates and valuations establish a new equilibrium. If property prices begin to level out, there will be more pressure on buyers to consider how to improve a property to get their return on investment. The next chapter of the commercial real estate market will be defined by how long inflation sticks around, how high interest rates go, and whether the economy slips into a recession (and how deeply). The greatest areas of opportunity will be found in asset classes like office and retail that are evolving away from traditional uses and morphing to meet the needs of today’s market. Until barometers stabilize, it’s important to rethink assumptions, watch developments, and recalibrate as necessary.
Dianne Crocker is the Principal Analyst for LightBox, delivering strategic analytics, best practices in risk management, market intelligence reports, educational seminars, and customized research for stakeholders in commercial real estate deals. She is a highly respected expert on commercial real estate market trends. This piece is exclusive to Broadband Breakfast.
Broadband Breakfast accepts commentary from informed observers of the broadband scene. Please send pieces to email@example.com. The views reflected in Expert Opinion pieces do not necessarily reflect the views of Broadband Breakfast and Breakfast Media LLC.
White House Presses Outreach Initiatives for Affordable Connectivity Program
White House officials urged schools and other local institutions to engage in text-message and social media campaigns for the ACP.
WASHINGTON, September 15, 2022 – The White House on Monday urged schools and other local institutions to engage in text-message and social media campaigns, PSAs, and other community-outreach initiatives to promote enrollment in the Federal Communications Commission’s Affordable Connectivity Program among of families with school-age children.
The Affordable Connectivity Program subsidizes internet service bill for low-income households. Monthly discounts of up to $30 are available for non-tribal enrollees, $75 for applicants on qualifying tribal lands. In addition, the ACP offers enrollees a one-time discount $100 on qualifying device purchases.
To boost ACP enrollment, speakers encouraged schools to reach out directly to families. Bharat Ramanurti, deputy director of the National Economic Council, said text-message campaigns drive up enrollment in government programs. A Massachusetts text-message campaign doubled ACP enrollment rates in subsequent days, said Ramanurti.
Also highlighted was the administration’s “ACP Consumer Outreach Kit,” which provides partners with resources, including fliers, posters, audio PSAs, social-media templates.
In fact, many of these tactics have proved effective in increasing ACP enrollment among telehealth patients. In addition, Microsoft and Communications Workers of America recently announced a circuit of ACP sign-up drives in that will tour several states including Michigan, New York, and North Carolina.
Political considerations as November nears…
As students go back to school and midterm elections loom, new ACP sign-ups could benefit the enrollees as well as the Democrats’ political chances.
Public officials and private experts alike recognize the value of community involvement in extending broadband connectivity and digital literacy nationwide. Marshaling community institutions – like schools – to maximize broadband access could help Biden and other Democrats overcome inflation-driven electoral headwinds in the November midterms. The White House obtained commitments from 20 providers to offer high-speed internet plans for $30 per month or less to ACP-eligible households – this means no out-of-pocket costs for recipients of ACP discounts. Free broadband coverage could bring the administration – and all Democrat candidates, by extension – back into the good graces of low-income families.
Federal Government Must Collect More Granular Data on Minorities to Aid in Initiatives
Discussion on the “data gap” comes as the nation tries to connect the unserved and underserved.
WASHINGTON, August 31, 2022 – In order to serve the needs of all Americans, the federal government must gather and act on more granular data on underrepresented minority groups that have been historically overlooked in the data-gathering process, said Denice Ross, the White House’s chief data scientist.
Ross argued at an online event hosted by the Center for Data Innovation on Tuesday that many minority groups – including African Americans, Native Americans, the disabled, and the LGBT community – are disadvantaged by the “data divide,” a term which refers to disparities in the amount and quality of available data on various groups.
Ross was citing a report issued earlier this year by the Equitable Data Working Group, a task force created by President Joe Biden earlier this year, which said policymakers are often unable to perceive or ameliorate problems facing minority communities if data on those communities are unavailable or insufficiently disaggregated. Disaggregated data, the report says, is “data that can be broken down and analyzed by race, ethnicity, gender, disability, income, veteran status, age, or other key demographic variables.”
The report recommends a federal data collection strategy that safeguards privacy and facilitates analysis of “the interconnectedness of identities and experiences,” or how individuals’ various minority-group identities compound the societal disadvantages they face. The report also advocates the creation of “incentives and pathways” promoting minority representation in the data collection process.
The recommendations come as the broadband industry and federal agencies try to improve knowledge of where there are unserved and underserved areas for broadband connectivity and to take action to improve digital literacy. The Illinois Broadband Lab and other state broadband offices, for example, implement a community-up approach to data gathering. Direct community involvement provides data insights that help states deliver coverage to in-need communities, officials say.
In the panel discussion that followed Ross’s opening remarks, experts and academics agreed that community outreach is a necessary step in closing the data divide. Dominique Harrison, director of bank Citi Ventures’ Racial Equity Design and Data Initiative, said that some in the African American community view data collection with skepticism.
Christopher Wood, executive director of LGBT Tech, argued that the passage of a federal privacy standard is a critical step toward establishing trust in government data collection. The most recent attempt to pass a national privacy regime, the American Data Privacy and Protection Act, was approved by the House Committee on Energy and Commerce last month.
- Kate Forscey: Mobile Broadband Gap Needs to Be Remedied, Too
- FCC Proposal for Robotexts, FCC Mapping Problems, TikTok’s Preliminary Deal
- As Middle Mile Program Deadline Approaches, NTIA Proposes ‘Buy America’ Exemptions
- Reason 5 to Attend Broadband Mapping Masterclass: Understanding Public Challenges
- FCC Spectrum Authority Expires on September 30, Agency Seeks Renewal
- NTCA Smart Rural Communities, International Telecommunications Union Conference, Carr on TikTok
Signup for Broadband Breakfast
Broadband Roundup4 weeks ago
Comcast and Charter’s State Grants, AT&T Fiber in Arizona, New US Cellular Lobbyist
Broadband Roundup3 weeks ago
AT&T Sues T-Mobile Over Ad, Nokia Partners with Ready, LightPath Expanding
#broadbandlive4 weeks ago
Broadband Breakfast on September 21, 2022 – Broadband Mapping and Data
Broadband Roundup4 weeks ago
Promoting Affordable Connectivity Program, Google Bars Truth Social, T-Mobile Wins 2.5 GHz Auction
Fiber4 weeks ago
Missouri City Utility to Complete Fiber Build Using Utility Lease Model
Rural4 weeks ago
FCC Commits Additional $800 Million From Rural Digital Opportunity Fund
#broadbandlive4 weeks ago
Broadband Breakfast on September 14, 2022 – How Can Cities Take Advantage of Federal Broadband Funding?
#broadbandlive4 weeks ago
Broadband Breakfast on September 7, 2022 – Assessing the NTIA’s Middle Mile Grant Application Process