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The legislation enacted last week will curb some of these abuses. It will also test a novel approach to reallocating existing spectrum licenses. Over-the-air television broadcasters, who hold spectrum particularly well-suited for mobile broadband uses, will be asked to name a price to give back some or all of their current allocations. If enough volunteers come forward, the agency will auction off that spectrum to mobile providers--or anyone else, including other broadcasters--who values the frequency more than the current licensee. The government will then share the proceeds of the auctions with the participants, reducing the deficit and redirecting spectrum to higher-valued uses.

New licenses will come with flexible use permission, making it easier for future market transactions to reallocate it again when future applications or technologies find a better use, iphone screen protector rainbow effect (Existing spectrum licenses can be sold today on secondary markets with FCC approval, but use limitations and conditions still apply.), This "incentive auction" model is promising, and Congress and the FCC are to be commended for passing this critical legislation after two years of logjams and tangential fights that kept even bipartisan proposals stalled..

But the law doesn't come close to solving the spectrum crunch--not by a long shot. For one thing, it isn't at all clear that enough broadcasters will volunteer. Over-the-air viewership has fallen dramatically over the last two decades as over 90 percent of all households shifted to cable, satellite, and now broadband Internet alternatives. But the economics of local television stations are complicated. For example, federal law allows local broadcasters to force cable providers to carry their signal or negotiate a price for retransmitting it. Careful exploitation of this right often masks what are actually failed businesses.

And while the FCC will have the iphone screen protector rainbow effect ability to "repack" nonparticipating channels to create contiguous nationwide licenses, that process will be long and contentious, In the lead-up to passage of incentive auction legislation, broadcasters lobbied intensely to limit the agency's ability to maximize auction outcomes, The lobbying will only get more aggressive as the FCC gears up to design the new system, Time now for the short and medium-term solutionsAt best, it will take upwards of 10 years before significant new spectrum for mobile broadband can be deployed from the incentive auctions, And we're already two years into the FCC's own doomsday clock toward spectrum exhaustion..

So now that the legislative battle is over, it's well past the time to think about short and medium-term plans to stave off an epic failure of the mobile revolution. The stakes are high. The mobile industry is one of the few bright spots in the otherwise sour economy. According to a recent Deloitte study, investment in 4G networks could range from $25 billion to $53 billion over the next four years, generating up to $151 billion in GDP and as many as 771,000 new jobs. And that doesn't count the revenue from app stores and the services they make possible.