[CAnet - news] The Internet has emerged as a key driver of economic growth

"Bill St. Arnaud" <[email protected]> Wed, 10 Jun 2009 18:47:24 -0400
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For more information on this item please visit my blog at 

http://green-broadband.blogspot.com/ or http://billstarnaud.blogspot.com

-------------------------------------------

 

 

 

 [Here are two interesting pointers on how the Internet has emerged as a key
engine for economic growth. Thanks to Rob Tai from a posting on Google
policy blog and Dan Murphy -BSA]

 

 

http://www.viddler.com/explore/geoffdaily/videos/2/117.192/

 

Economic Impacts from Investments in Broadband 

Broadband infrastructure is essential for the effective participation of
businesses and organizations in today's economy. Research conducted by
Strategic Networks Group (SNG), finds that the local economic growth and
secondary investment enabled by broadband is 10 times the initial broadband
investment and the contribution to Gross Domestic Product (GDP) is 15 times
the initial investment. Broadband today is as vital as electrification was
in the 1930's and increased participation in the digital economy results in
economic and quality of life improvements. 

Investments in broadband infrastructure strengthen regional economies by
improving skills, competitiveness, and service delivery, thus enhancing the
local business environment. Broadband provides communications and
information-sharing capabilities that have trans-formative effects on
business operations and relationships. Opportunities and additional value
are created from new or improved products and services, the ability to
create and leverage new business models, better management of resources, and
increased operational efficiencies. The 'playing field' is leveled between
large vs. small, urban vs. rural, established businesses and entrepreneurs. 

*	For businesses of any size, broadband and e-business applications
enable them to expand their market reach and revenue opportunities, improve
service to customers, and become more competitive and profitable in the
global economy. In particular, broadband delivers affordable e-business
solutions for small and medium enterprises through hosted applications and
Internet-based service innovations. 
*	For organizations of any size, broadband and e-business applications
enable them to improve service, become more cost effective and continue to
be effective in the face of increased service demand and shrinking budgets. 
*	For individuals and residences, broadband delivers services such as
Internet telephony (VoIP), Internet connectivity, movies and IP TV,
tele-health, as well as new opportunities such as being able to work from
home. 

The impacts from investments in broadband infrastructure and
broadband-enabled applications are measurable and significant. The immediate
effects from an investment in broadband are twofold. The first comes from
the construction of the broadband infrastructure. The affected residents,
businesses and organizations then invest in the skills, know-how, tools and
facilities to take advantage of broadband and e-business solutions so they
can more effectively participate in the digital economy. These secondary
economic effects take longer, but have far greater impact as they improve
productivity, competitiveness and quality of service on an ongoing basis. 

The table below provides two examples of the economic impact of broadband
investments (infrastructure and applications such as e-business,
tele-medicine and remote learning) from studies conducted by SNG in Canada
in 2004 and 2003. Broadband impact data on new revenues, reduced costs, and
new jobs were collected directly from businesses and organizations.
Investment in broadband increased the retention and expansion of existing
businesses and organizations within the local area. As businesses became
more profitable and competitive, they expanded, which increased local
employment, local training, local spending and investment in facilities and
equipment. These outcomes flow through to the rest of the local economy
creating a multiplier effect from the initial broadband investment.
Input-Output impact models were used to calculate the contribution to GDP: 


Investment and Impacts of Broadband Infrastructure 

Case example <http://sngroup.centraldesktop.com/sngpublic/#_ftn1> [1] from
investment in community broadband infrastructure 

Case example from investment in e-learning, tele-medicine and broadband
infrastructure 


Initial Investment in broadband infrastructure by government 

$10 million 

$10 million 


Leveraged Investment (i.e. first round effect) from other sources (private
sector, other levels of government, etc.) 

$116 million 

$101 million 


Total Investment 

$126 million 

$111 million 


Contribution to GDP from Total Investment 

$164 million 

$150 million 


Contribution to Total Employment* 

2,100 

4,800 


Contribution to Taxes* 

(State and Federal) 

$61 million 

$32 million 


*Note - impacts on Total Employment and Taxes vary according to the types of
jobs created and investments made. 

Adapted from a study conducted by SNG in 2003 for Department of Trade &
Industry, United Kingdom. 

Adapted from a study conducted by SNG in 2004 for Industry Canada. 


Infrastructure investment in broadband provides a healthy return in its own
right, even for relatively small and rural communities. Broadband
infrastructure construction has job impacts immediately in the local economy
like typical shovel-ready investments. More significantly, as the table
above shows, investment in broadband infrastructure increases the retention
and expansion of businesses and organizations to a community or region. 

The positive effects from broadband infrastructure become even more
important in times of economic uncertainty, especially for smaller, rural
communities who often have less economic diversity and resilience to
withstand the effects of an economic slowdown. The availability of broadband
gives enterprises, in smaller or rural communities, the options to expand
their market reach and thereby becoming more efficient during difficult
economic times. Individuals can use broadband find new opportunities,
including supplemental education and skills training, out-of-region
employment through tele-working / working from home, and from starting-up
new businesses. 

In parallel with addressing broadband gaps in coverage, capacity and quality
of service, local businesses and organizations need to understand how to
'connect the dots' and move having broadband towards effective participation
in the digital economy. This involves promoting awareness of the benefits of
broadband and e-business solutions with the follow-on of supporting
implementations that benefit business operations and service delivery. This
often requires intensive engagement and repeated visits, however such a
'grass roots' approach with individual businesses and organizations is
needed for them to understand and apply the lessons of "best of class"
e-business solutions and success models. Such local linkages are needed to
show how investing in broadband infrastructure offers a significant and
immediate economic lift to a community or region. Addressing local broadband
infrastructure gaps and accelerating adoption of e-business solutions are
fundamental to promoting regional economic development that is built on
competitive businesses and skilled human resources. 

Just like electrification in the '30s, broadband service (coverage, capacity
and quality of service) is critical to the long term prosperity of
communities and gaps need to be addressed, whether for un-served rural areas
or under-served regions. Service providers that have not made investments in
these regions during good economic time are even less likely to do so during
an economic slowdown. Furthermore, just like during the electrification
expansion of the 1930's, many municipalities do not have the financial or
human resources to make the broadband investment. 

In summary, investing in broadband infrastructure now can alleviate the
challenges faced by communities and regions in the short term, while
providing a positive impact on long term economic and community development.


 

[From Google Policy Blog..]

 

 

With news of bankruptcies and bailouts dominating the headlines recently,
it's easy to lose sight of one of the bright spots in our economy: the
Internet. In an incredibly short amount of time the Internet has emerged as
a key driver of economic growth
<http://www.iab.net/about_the_iab/recent_press_releases/press_release_archiv
e/press_release/pr-061009-value> , creating millions of American jobs that
generate hundreds of billions of dollars in economic activity.

. According to Harvard Business School professors John Deighton and John
Quelch, the Internet is responsible for 3.1 million American jobs and $300
billion in economic activity spread throughout the United States. As
Professors Deighton and Quelch put it, the web "has created unprecedented
opportunities for growth among small businesses and individual
entrepreneurs."

As the report <http://www.iab.net/insights_research/530422/economicvalue>
makes clear, it's difficult to overstate the social and economic benefits of
the Internet on the United States. Unlike any other platform in history, it
has empowered entrepreneurs to start new businesses and connect with
customers around the world, and has provided users with access to
unprecedented amounts of information.

We think it's important for policymakers to understand the social and
economic benefits of the Internet. That's why I was happy to see IAB also
announce this afternoon the launch of the Long Tail Alliance
<http://www.iab.net/longtailalliance> , a group of small independent online
businesses working to educate policymakers about the benefits of online
advertising and to advocate against burdensome restrictions that would
damage the Internet economy. In conjunction with the release of the new
study, a group of Long Tail Alliance members representing 25 Congressional
districts and 13 states took a maiden voyage
<http://www.iab.net/flyin?o12499=>  to Washington to tell Congress their
story. Check out some of what they have to say at "I Am
<http://www.iamthelongtail.com/>  the Long Tail."


http://www.iab.net/about_the_iab/recent_press_releases/press_release_archive
/press_release/pr-061009-value

 

WASHINGTON, D.C. (June 10, 2009) - Interactive advertising is responsible
for $300 billion of economic activity in the U.S., according to a new study
released today by the Interactive Advertising Bureau (IAB). The
advertising-supported Internet represents 2.1% of the total U.S. gross
domestic product (GDP). It directly employs more than 1.2 million Americans
with above-average wages in jobs that did not exist two decades ago, and
another 1.9 million people work to support those with directly
Internet-related jobs. A total of 3.1 million Americans are employed thanks
to the interactive ecosystem. These are the key findings of the first-ever
research to analyze the economic importance, as well as the social benefits,
of the Internet.

 "This is the first time anyone has undertaken a comprehensive analysis of
the size and scope of the Internet economy and measurement of its economic
and social benefits," said Professor Deighton, the Harold M. Brierley
Professor of Business Administration at Harvard Business School, and an
author of the study. "I am convinced the results of this study will prove
useful for business leaders, legislators and the educational community."

"This study underscores that the Internet ecosystem is generating an
increasing level of economic activity in every corner of the nation," said
Professor Quelch, the Lincoln Filene Professor of Business Administration at
Harvard Business School and a co-author of the study.

The study looks at the entire interactive marketing ecosystem, which
includes:

*	The ad-supported Internet, narrowly defined as the content and usage
supported by an estimated $23.4 billion of Internet advertising in 2008
*	E-commerce
*	E-mail, the cornerstone of lead generation and customer care for
many companies
*	Enterprise websites, the Web sites that businesses, large and small,
develop and maintain for communication.

Among some of the other important findings:

*	Small businesses have thrived as a result of the Internet: 

*	There are more than 20,000 Internet-related small businesses in the
U.S. that provide a variety of services such as web hosting, ISP services,
web design, publishing, and Internet-based software consulting. Many of
these businesses have 10 or fewer employees.

*	Internet-related employment is particularly important to certain
areas of the country but exists in every one of the 435 U.S. Congressional
Districts. Some Congressional Districts have more than 6,000
Internet-related employees.
*	Interactive advertising has substantially reduced what consumers
have to pay for access to the Internet and for e-commerce products and
services. In addition to its financial contribution to the U.S. economy, the
Internet has produced large social consequences as an infrastructure and
platform, providing American society comprehensive qualitative benefits that
include: 

*	Universal access to an almost unlimited source of information
*	Increased productivity (output per unit of capital or labor, or
increased consumer utility at a lower cost)
*	Innovation in business practices, consumer behavior, commerce and
media
*	Empowerment of entrepreneurs to start small businesses, find
customers and grow
*	Environmental benefits derived from saving natural resources
lowering pollution through the reduced use of petroleum-based fuels and
paper

.          

.          

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.         These news items and comments are mine alone and do not
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.          

 

 

------

[email protected]

[email protected]

http://billstarnaud.blogspot.com/

 


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<body lang=3DEN-US link=3Dblue vlink=3Dpurple>

<div class=3DSection1>

<p class=3DMsoPlainText>For more information on this item please visit =
my blog at
<o:p></o:p></p>

<p class=3DMsoPlainText><a =
href=3D"http://green-broadband.blogspot.com/">http://green-broadband.blog=
spot.com/</a>
or <a =
href=3D"http://billstarnaud.blogspot.com">http://billstarnaud.blogspot.co=
m</a><o:p></o:p></p>

<p =
class=3DMsoPlainText>-------------------------------------------<o:p></o:=
p></p>

<p class=3DMsoPlainText><o:p>&nbsp;</o:p></p>

<p class=3DMsoPlainText><o:p>&nbsp;</o:p></p>

<p class=3DMsoPlainText><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal>&nbsp;[Here are two interesting pointers on how the =
Internet
has emerged as a key engine for economic growth. Thanks to Rob Tai from =
a
posting on Google policy blog and Dan Murphy &#8211;BSA]<o:p></o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><span lang=3DEN-CA><a
href=3D"http://www.viddler.com/explore/geoffdaily/videos/2/117.192/">http=
://www.viddler.com/explore/geoffdaily/videos/2/117.192/</a><o:p></o:p></s=
pan></p>

<p class=3DMsoNormal><span lang=3DEN-CA><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
auto;text-align:center'><b><span lang=3DEN-CA =
style=3D'font-size:18.0pt;font-family:
"Times New Roman","serif"'>Economic Impacts from Investments in =
Broadband</span></b><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'> <o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>Broadband
infrastructure is essential for the effective participation of =
businesses and
organizations in today's economy. Research conducted by Strategic =
Networks
Group (SNG), finds that the local economic growth and secondary =
investment
enabled by broadband is 10 times the initial broadband investment and =
the
contribution to Gross Domestic Product (GDP) is 15 times the initial =
investment.
Broadband today is as vital as electrification was in the 1930's and =
increased
participation in the digital economy results in economic and quality of =
life
improvements. <o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>Investments
in broadband infrastructure strengthen regional economies by improving =
skills,
competitiveness, and service delivery, thus enhancing the local business
environment. Broadband provides communications and information-sharing
capabilities that have trans-formative effects on business operations =
and
relationships. Opportunities and additional value are created from new =
or
improved products and services, the ability to create and leverage new =
business
models, better management of resources, and increased operational =
efficiencies.
The &#8216;playing field' is leveled between large vs. small, urban vs. =
rural,
established businesses and entrepreneurs. <o:p></o:p></span></p>

<ul type=3Ddisc>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l0 level1 lfo3'><span lang=3DEN-CA =
style=3D'font-size:12.0pt;
     font-family:"Times New Roman","serif"'>For businesses of any size,
     broadband and e-business applications enable them to expand their =
market
     reach and revenue opportunities, improve service to customers, and =
become
     more competitive and profitable in the global economy. In =
particular,
     broadband delivers affordable e-business solutions for small and =
medium
     enterprises through hosted applications and Internet-based service
     innovations. <o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l0 level1 lfo3'><span lang=3DEN-CA =
style=3D'font-size:12.0pt;
     font-family:"Times New Roman","serif"'>For organizations of any =
size,
     broadband and e-business applications enable them to improve =
service,
     become more cost effective and continue to be effective in the face =
of
     increased service demand and shrinking budgets. =
<o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l0 level1 lfo3'><span lang=3DEN-CA =
style=3D'font-size:12.0pt;
     font-family:"Times New Roman","serif"'>For individuals and =
residences,
     broadband delivers services such as Internet telephony (VoIP), =
Internet
     connectivity, movies and IP TV, tele-health, as well as new =
opportunities
     such as being able to work from home. <o:p></o:p></span></li>
</ul>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>The
impacts from investments in broadband infrastructure and =
broadband-enabled
applications are measurable and significant. The immediate effects from =
an
investment in broadband are twofold. The first comes from the =
construction of
the broadband infrastructure. The affected residents, businesses and
organizations then invest in the skills, know-how, tools and facilities =
to take
advantage of broadband and e-business solutions so they can more =
effectively
participate in the digital economy. These secondary economic effects =
take
longer, but have far greater impact as they improve productivity,
competitiveness and quality of service on an ongoing basis. =
<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>The
table below provides two examples of the economic impact of broadband
investments (infrastructure and applications such as e-business, =
tele-medicine
and remote learning) from studies conducted by SNG in Canada in 2004 and =
2003.
Broadband impact data on new revenues, reduced costs, and new jobs were
collected directly from businesses and organizations. Investment in =
broadband
increased the retention and expansion of existing businesses and =
organizations
within the local area. As businesses became more profitable and =
competitive,
they expanded, which increased local employment, local training, local =
spending
and investment in facilities and equipment. These outcomes flow through =
to the
rest of the local economy creating a multiplier effect from the initial
broadband investment. Input-Output impact models were used to calculate =
the
contribution to GDP: <o:p></o:p></span></p>

<table class=3DMsoNormalTable border=3D1 cellspacing=3D0 cellpadding=3D0
 style=3D'margin-left:5.4pt;border-collapse:collapse'>
 <tr style=3D'height:59.35pt'>
  <td width=3D235 style=3D'width:2.45in;border:solid windowtext =
1.0pt;padding:0in 5.4pt 0in 5.4pt;
  height:59.35pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><b><span
  style=3D'font-family:"Arial","sans-serif"'>Investment and Impacts of =
Broadband
  Infrastructure</span></b><span =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>
  <o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:59.35pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>Case =
example</span><a
  name=3D"_ftnref1"></a><a
  href=3D"http://sngroup.centraldesktop.com/sngpublic/#_ftn1"><span
  =
style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>[1]</span></a>=
<span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
</span><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>from =
investment in
  community broadband infrastructure</span><span =
style=3D'font-size:12.0pt;
  font-family:"Times New Roman","serif"'> <o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:59.35pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>Case =
example from
  investment in e-learning, tele-medicine and broadband =
infrastructure</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:34.15pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:34.15pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><b><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Initial Investment</span></b><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
</span><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>in =
broadband
  infrastructure by government</span><span =
style=3D'font-size:12.0pt;font-family:
  "Times New Roman","serif"'> <o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:34.15pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$10 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:34.15pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$10 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:44.5pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:44.5pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><b><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Leveraged Investment</span></b><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
</span><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>(i.e. =
first round
  effect) from other sources (private sector, other levels of =
government, etc.)</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:44.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$116 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:44.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$101 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:26.5pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:26.5pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><b><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Total Investment</span></b><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:26.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$126 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:26.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$111 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:35.5pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><b><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Contribution to</span></b><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
</span><b><span
  =
style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>GDP</span></b=
><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
</span><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>from Total
  Investment</span><span style=3D'font-size:12.0pt;font-family:"Times =
New Roman","serif"'>
  <o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$164 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$150 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:35.5pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><span style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Contribution to Total =
Employment*</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  =
style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>2,100</span><=
span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  =
style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>4,800</span><=
span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr style=3D'height:35.5pt'>
  <td width=3D235 style=3D'width:2.45in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal style=3D'margin-top:2.0pt'><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>Contribution to Taxes*</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  <p class=3DMsoNormal style=3D'margin-bottom:2.0pt'><span =
style=3D'font-size:10.0pt;
  font-family:"Arial","sans-serif"'>(State and Federal)</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D168 style=3D'width:1.75in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$61 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 style=3D'width:1.9in;padding:0in 5.4pt 0in =
5.4pt;height:35.5pt'>
  <p class=3DMsoNormal align=3Dcenter =
style=3D'mso-margin-top-alt:2.0pt;margin-right:
  0in;margin-bottom:2.0pt;margin-left:0in;text-align:center'><span
  style=3D'font-size:10.0pt;font-family:"Arial","sans-serif"'>$32 =
million</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
 <tr>
  <td width=3D235 valign=3Dtop style=3D'width:2.45in;padding:0in 5.4pt =
0in 5.4pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><span =
style=3D'font-size:9.0pt;font-family:
  "Arial","sans-serif"'>*Note &#8211; impacts on Total Employment and =
Taxes
  vary according to the types of jobs created and investments =
made.</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D168 valign=3Dtop style=3D'width:1.75in;padding:0in 5.4pt =
0in 5.4pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><span =
style=3D'font-size:8.0pt;font-family:
  "Arial","sans-serif"'>Adapted from a study conducted by SNG in 2003 =
for
  Department of Trade &amp; Industry,</span><span =
style=3D'font-size:12.0pt;
  font-family:"Times New Roman","serif"'> </span><span =
style=3D'font-size:8.0pt;
  font-family:"Arial","sans-serif"'>United Kingdom.</span><span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
  <td width=3D182 valign=3Dtop style=3D'width:1.9in;padding:0in 5.4pt =
0in 5.4pt'>
  <p class=3DMsoNormal =
style=3D'mso-margin-top-alt:2.0pt;margin-right:0in;
  margin-bottom:2.0pt;margin-left:0in'><span =
style=3D'font-size:8.0pt;font-family:
  "Arial","sans-serif"'>Adapted from a study conducted by SNG in 2004 =
for
  Industry</span><span style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>
  </span><span =
style=3D'font-size:8.0pt;font-family:"Arial","sans-serif"'>Canada.</span>=
<span
  style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
<o:p></o:p></span></p>
  </td>
 </tr>
</table>

<p class=3DMsoNormal><span lang=3DEN-CA =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'><br
clear=3Dall>
Infrastructure investment in broadband provides a healthy return in its =
own
right, even for relatively small and rural communities. Broadband
infrastructure construction has job impacts immediately in the local =
economy
like typical shovel-ready investments. More significantly, as the table =
above
shows, investment in broadband infrastructure increases the retention =
and
expansion of businesses and organizations to a community or region. =
<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>The
positive effects from broadband infrastructure become even more =
important in
times of economic uncertainty, especially for smaller, rural communities =
who
often have less economic diversity and resilience to withstand the =
effects of
an economic slowdown. The availability of broadband gives enterprises, =
in
smaller or rural communities, the options to expand their market reach =
and
thereby becoming more efficient during difficult economic times. =
Individuals
can use broadband find new opportunities, including supplemental =
education and
skills training, out-of-region employment through tele-working / working =
from
home, and from starting-up new businesses. <o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>In
parallel with addressing broadband gaps in coverage, capacity and =
quality of
service, local businesses and organizations need to understand how to
&#8216;connect the dots' and move having broadband towards effective
participation in the digital economy. This involves promoting awareness =
of the
benefits of broadband and e-business solutions with the follow-on of =
supporting
implementations that benefit business operations and service delivery. =
This
often requires intensive engagement and repeated visits, however such a
&#8216;grass roots' approach with individual businesses and =
organizations is
needed for them to understand and apply the lessons of &quot;best of
class&quot; e-business solutions and success models. Such local linkages =
are
needed to show how investing in broadband infrastructure offers a =
significant
and immediate economic lift to a community or region. Addressing local
broadband infrastructure gaps and accelerating adoption of e-business =
solutions
are fundamental to promoting regional economic development that is built =
on
competitive businesses and skilled human resources. =
<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>Just
like electrification in the '30s, broadband service (coverage, capacity =
and
quality of service) is critical to the long term prosperity of =
communities and
gaps need to be addressed, whether for un-served rural areas or =
under-served
regions. Service providers that have not made investments in these =
regions
during good economic time are even less likely to do so during an =
economic
slowdown. Furthermore, just like during the electrification expansion of =
the
1930's, many municipalities do not have the financial or human resources =
to
make the broadband investment. <o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
lang=3DEN-CA style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>In
summary, investing in broadband infrastructure now can alleviate the =
challenges
faced by communities and regions in the short term, while providing a =
positive
impact on long term economic and community development. =
<o:p></o:p></span></p>

<p class=3DMsoNormal><span lang=3DEN-CA><o:p>&nbsp;</o:p></span></p>

<p class=3DMsoNormal>[From Google Policy Blog..]<o:p></o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal>With news of bankruptcies and bailouts dominating =
the
headlines recently, it's easy to lose sight of one of the bright spots =
in our
economy: the Internet. In an incredibly short amount of time the =
Internet has
emerged as a <a
href=3D"http://www.iab.net/about_the_iab/recent_press_releases/press_rele=
ase_archive/press_release/pr-061009-value"
title=3D"key driver of economic growth" id=3Dkhlj>key driver of economic =
growth</a>,
creating millions of American jobs that generate hundreds of billions of
dollars in economic activity.<br>
<br>
&#8230; According to Harvard Business School professors John Deighton =
and John
Quelch, the Internet is responsible for 3.1 million American jobs and =
$300
billion in economic activity spread throughout the United States. As =
Professors
Deighton and Quelch put it, the web &quot;has created unprecedented
opportunities for growth among small businesses and individual
entrepreneurs.&quot;<br>
<br>
As <a href=3D"http://www.iab.net/insights_research/530422/economicvalue"
title=3D"the report" id=3Dcgm7>the report</a> makes clear, it's =
difficult to
overstate the social and economic benefits of the Internet on the United
States. Unlike any other platform in history, it has empowered =
entrepreneurs to
start new businesses and connect with customers around the world, and =
has
provided users with access to unprecedented amounts of information.<br>
<br>
We think it's important for policymakers to understand the social and =
economic
benefits of the Internet. That's why I was happy to see IAB also =
announce this
afternoon the launch of the <a =
href=3D"http://www.iab.net/longtailalliance"
title=3D"Long Tail Alliance" id=3Dqbnk>Long Tail Alliance</a>, a group =
of small
independent online businesses working to educate policymakers about the
benefits of online advertising and to advocate against burdensome =
restrictions
that would damage the Internet economy. In conjunction with the release =
of the
new study, a group of Long Tail Alliance members representing 25 =
Congressional
districts and 13 states took a <a =
href=3D"http://www.iab.net/flyin?o12499=3D"
title=3D"maiden trip" id=3D"a_b7">maiden voyage</a> to Washington to =
tell Congress
their story. Check out some of what they have to say at &quot;<a
href=3D"http://www.iamthelongtail.com/" title=3D"I Am the Long Tail" =
id=3Dbyom>I Am
the Long Tail</a>.&quot;<br>
<br>
<br>
<a
href=3D"http://www.iab.net/about_the_iab/recent_press_releases/press_rele=
ase_archive/press_release/pr-061009-value">http://www.iab.net/about_the_i=
ab/recent_press_releases/press_release_archive/press_release/pr-061009-va=
lue</a><o:p></o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span
style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>WASHINGTON, D.C.
(June 10, 2009) </span></b><span =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>&#8211;
Interactive advertising is responsible for $300 billion of economic =
activity in
the U.S., according to a new study released today by the Interactive
Advertising Bureau (IAB). The advertising-supported Internet represents =
2.1% of
the total U.S. gross domestic product (GDP). It directly employs more =
than 1.2
million Americans with above-average wages in jobs that did not exist =
two
decades ago, and another 1.9 million people work to support those with =
directly
Internet-related jobs. A total of 3.1 million Americans are employed =
thanks to
the interactive ecosystem. These are the key findings of the first-ever
research to analyze the economic importance, as well as the social =
benefits, of
the Internet.<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>&nbsp;&#8220;This
is the first time anyone has undertaken a comprehensive analysis of the =
size
and scope of the Internet economy and measurement of its economic and =
social
benefits,&#8221; said Professor Deighton, the Harold M. Brierley =
Professor of
Business Administration at Harvard Business School, and an author of the =
study.
&#8220;I am convinced the results of this study will prove useful for =
business
leaders, legislators and the educational =
community.&#8221;<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>&#8220;This
study underscores that the Internet ecosystem is generating an =
increasing level
of economic activity in every corner of the nation,&#8221; said =
Professor
Quelch, the Lincoln Filene Professor of Business Administration at =
Harvard
Business School and a co-author of the study.<o:p></o:p></span></p>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>The =
study looks
at the entire interactive marketing ecosystem, which =
includes:<o:p></o:p></span></p>

<ul type=3Ddisc>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l1 level1 lfo1'><span =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>The
     ad-supported Internet, narrowly defined as the content and usage =
supported
     by an estimated $23.4 billion of Internet advertising in =
2008<o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l1 level1 lfo1'><span =
style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>E-commerce<o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l1 level1 lfo1'><span =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>E-mail,
     the cornerstone of lead generation and customer care for many =
companies<o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l1 level1 lfo1'><span =
style=3D'font-size:12.0pt;font-family:"Times New =
Roman","serif"'>Enterprise
     websites, the Web sites that businesses, large and small, develop =
and
     maintain for communication.<o:p></o:p></span></li>
</ul>

<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>Among =
some of
the other important findings:<o:p></o:p></span></p>

<ul type=3Ddisc>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l2 level1 lfo2'><b><span =
style=3D'font-size:12.0pt;font-family:
     "Times New Roman","serif"'>Small businesses have thrived as a =
result of
     the Internet:</span></b><span =
style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>
     <o:p></o:p></span></li>
 <ul type=3Dcircle>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><span =
style=3D'font-size:12.0pt;font-family:
      "Times New Roman","serif"'>There are more than 20,000 =
Internet-related
      small businesses in the U.S. that provide a variety of services =
such as
      web hosting, ISP services, web design, publishing, and =
Internet-based
      software consulting. Many of these businesses have 10 or fewer =
employees.<o:p></o:p></span></li>
 </ul>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l2 level1 lfo2'><b><span =
style=3D'font-size:12.0pt;font-family:
     "Times New Roman","serif"'>Internet-related employment is =
particularly
     important to certain areas of the country</span></b><span
     style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
but exists
     in every one of the 435 U.S. Congressional Districts. Some =
Congressional
     Districts have more than 6,000 Internet-related =
employees.<o:p></o:p></span></li>
 <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
     mso-list:l2 level1 lfo2'><b><span =
style=3D'font-size:12.0pt;font-family:
     "Times New Roman","serif"'>Interactive advertising has =
substantially
     reduced what consumers have to pay for access to the Internet and =
for
     e-commerce products and services.&nbsp;In addition to its financial
     contribution to the U.S. economy, the Internet has produced large =
social
     consequences as an infrastructure and platform, providing American =
society
     comprehensive qualitative benefits</span></b><span =
style=3D'font-size:12.0pt;
     font-family:"Times New Roman","serif"'> that include: =
<o:p></o:p></span></li>
 <ul type=3Dcircle>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>Universal =
access</span></b><span
      style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
to an
      almost unlimited source of information<o:p></o:p></span></li>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>Increased =
productivity</span></b><span
      style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'> =
(output
      per unit of capital or labor, or increased consumer utility at a =
lower
      cost)<o:p></o:p></span></li>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>Innovation in business =
practices</span></b><span
      style=3D'font-size:12.0pt;font-family:"Times New Roman","serif"'>, =
consumer
      behavior, commerce and media<o:p></o:p></span></li>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>Empowerment of =
entrepreneurs to
      start small businesses</span></b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>, find customers and =
grow<o:p></o:p></span></li>
  <li class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:
      auto;mso-list:l2 level2 lfo2'><b><span style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'>Environmental benefits =
derived
      from saving natural resources</span></b><span =
style=3D'font-size:12.0pt;
      font-family:"Times New Roman","serif"'> lowering pollution through =
the
      reduced use of petroleum-based fuels and =
paper<o:p></o:p></span></li>
 </ul>
</ul>

<p class=3DMsoPlainText =
style=3D'margin-left:.5in;text-indent:-.25in;mso-list:l2 level1 =
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</span></span></span><![endif]><o:p>&nbsp;</o:p></p>

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<p class=3DMsoPlainText =
style=3D'margin-left:.5in;text-indent:-.25in;mso-list:l2 level1 =
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<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal>------<o:p></o:p></p>

<p class=3DMsoNormal>[email protected]<o:p></o:p></p>

<p class=3DMsoNormal>[email protected]<o:p></o:p></p>

<p class=3DMsoNormal>http://billstarnaud.blogspot.com/<o:p></o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

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