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Britain will join with the US Government, Google, Facebook and developing country technology firms to bring down internet costs in developing countries, Justine Greening announced today. The Alliance for Affordable Internet, founded by Sir Tim Berners-Lee s World Wide Web Foundation, will work with governments across Africa and Asia to take on unnecessary regulation and anti-competitive policies. In many countries taxes on IT, powerful state telecoms monopolies and other regressive policies are helping to push up prices. In less developed countries a basic fixed line broadband connection costs around a third of monthly income, compared to around 2% in the developed world. The UN has set a target of entry-level broadband services priced at less than 5% of average monthly income. Approximately two-thirds of the world s people remain unconnected to the Internet, entrenching a digital divide that severely hampers economic progress. Internet access is becoming increasingly important in the world s poorest countries as a tool to set up businesses and drive improvements in healthcare and education. Justine Greening said: Over the last twenty years the Web has changed our own society so much that everyday life seems unimaginable without it. Internet access has been a driver of economic growth. It puts power in the hands of people and opens up societies. Yet for millions of people across the world high prices still put it out of reach. This new alliance will challenge the anti-competitive regulations and policies that push up prices across the developing world, helping to bring universal Internet access to the world s poorest people. (c) 2013 Euclid Infotech Pvt. Ltd. Provided by an company

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United Kingdom September NIESR GDP Estimate (3M) declines to 0.8% vs 0.9%

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Inside Silk Road’s drug market: U.S. pot and cocaine are cheap

It’s relatively affordable in the United States. Why the stark difference? It’s still deemed illegal by most governments, but enforcement — and priced-in risk to dealers — differs greatly by country. Marijuana has been decriminalized in just a few regions, such as the Netherlands. But legalized pot only exists in only two locations: Colorado and Washington (though it remains a federal crime in the United States). Silk Road prices were listed per gram. For perspective, someone who consumes cannabis on a daily basis might smoke or ingest about 1.8 grams each week. Here’s what that pot habit would cost per week: Germany: $40 The second most popular product listed on Silk Road was cocaine. Its prices also varied wildly by location. Here are the takeaways: Of the biggest supplier nations, it’s cheapest in Peru. It’s most expensive in Australia. Once again, it’s relatively inexpensive in the United States. That Peru sits at the bottom of the list should come as no surprise. In 2012, Peru bumped off Colombia and became the world’s No.