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This Day in History on September 26: The First Televised Presidential Debate

1 year 2 months ago
On this day, September 26th, history has seen a myriad of significant events that have shaped our world in various ways, spanning across continents and centuries. 1983: The Day the World Avoided Nuclear War Arguably, one of the most critical moments in global history occurred on September 26, 1983, when Soviet Lieutenant Colonel Stanislav Petrov averted a potential nuclear catastrophe. During the Cold War, Petrov was on duty at a Soviet missile early-warning station when the system erroneously reported an incoming missile strike from the United States. Instead of escalating the alert to superiors, which likely would have resulted in a retaliatory strike, Petrov judged the report to be a false alarm. His decision to trust his instincts rather than the faulty system is credited with preventing a nuclear war, making this day a testament to individual courage and the importance of human judgment in high-stakes situations. 1580: Sir Francis Drake Completes His Circumnavigation

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Atlanta Fed forecasting Q3 GDP growth of 2.9%

1 year 2 months ago
The third quarter is almost over, which means the Atlanta Fed's GDPnow estimate is probably pretty reliable by now. They're forecasting Q3 real GDP growth of 2.9%: Not bad. They'll have an updated forecast tomorrow.
Kevin Drum

AT&T, T-Mobile Embrace ‘Open Access’ Fiber After Years Of Opposition

1 year 2 months ago
Two years ago, Techdirt’s Copia Institute released a report discussing how open access fiber networks were a potential path toward boosting fiber competition in the United States. Such networks, sometimes community owned, involve collaboratively building a centralized fiber infrastructure that multiple competitors can come in and compete over. In instances where this has been successfully […]
Karl Bode