High-cost cities (mainly on the coasts) had a shrinking information advantage over low-cost cities and towns (mainly in the boonies).
Imagine if you live out in the boonies somewhere with the ability to receive only one or three local stations.
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What a dichotomy: Our cost structure in the boonies is so low we could handle much more risk, but there isn't the will.
Maybe heading to the boonies will uncover that true, untapped talent.
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Now, in the Pennsylvania boonies during the bust, he's New Economy--but without the overhead, fancy venture capital and gaudy expectations that killed so many boom-era dot-coms.
"We've seen mistakes that wouldn't necessarily result in a lawsuit five years ago becoming a lawsuit now, even out in the boonies, " says Ariel Hessing of Walnut Advisory Corp.
That poor Third World farmer out in the boonies gets more value from a weekly text telling him local sorghum prices than we do from gigabytes of web surfing.
Those hundreds of millions of migrants (the Chinese New Year is usually said to be the largest movement of human beings ever) all go home to see their families out in the boonies.
But the huge cost gap between big and small remained, thus presenting an arbitrage play for people who used the Internet to draw their income from the coasts and apply it to the boonies.
We'll let you witness the slight twist of an ending first-hand, although we'll add that Google is careful to use a lot of Nexus 7 features that don't demand always-on WiFi: the search giant wants us to know that we can head to the boonies without the tablet becoming a paperweight.
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Let us explain: Apparently some regions in the South and West aren't as wired as midtown Manhattan, so a company called Space Data found a way to make money by repeatedly launching weather balloons with cellular transmitters called SkySites, and charging what must be astronomical fees for getting your cell-on in the boonies.
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