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Billionaire hedge fund manager Philip Falcone's hopes to build a state-of-the-art open wireless broadband network are put on hold because his signal jams GPS devices.

Every so often news breaks and stops everyone dead in their tracks. When a story is big enough, it literally invades our lives. My friend and angel investor Eghosa Omoigui sees it this way: "News is the only industry that's inherently interventional.