Harry Reid’s Plan to Save America From Default Using Wireless Spectrum

A key piece of Senate Majority Leader Harry Reid’s debt-reduction plan calls for raising billions of dollars from wireless spectrum auctions.
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Clearwire Sinks; Attractive Spectrum Isn't Enough

Clearwire shares are down sharply this morning after negative comments from analysts at J.P. Morgan and Stanford Group. Though its stock saw a lift yesterday following the completion of its deal to acquire Sprint’s Xohm wireless broadband business, the concern is that the company needs substantially more capital and that the intensely competitive landscape will overshadow its technological advantages.