And in technology news, the Obama administration has outlined a plan to nearly double the amount of commercial broadband spectrum currently available for wireless devices including smartphones. Some estimates suggest the next five years will see an increase in wireless data of between twenty to forty-five times over 2009 levels. Lawrence Summers, the director of the National Economic Council, outlined the plan on Monday.

Lawrence Summers: “Opening up spectrum will — and I’ll detail this a little later — create the foundation for a new private sector investment and economic activity in mobile broadband and a range of other high-value uses that would not have been possible without the coordinating and organizing role of government.”