New Internet suffix bids include ‘.lol,’ ‘bank.’

Tech giant Google announced Tuesday that it has begun offering free public WiFi internet access in the southwest Chelsea neighborhood of New York City, close to its mammoth headquarters. According to Google, the new service — which was the product of a public-private effort by the company, city officials, and a local nonprofit development ogranization – will provide free Internet access to hundreds of thousands of people each year, making it the largest such WiFi network in New York City.

Tech giant Google announced Tuesday that it has begun offering free public WiFi internet access in the southwest Chelsea neighborhood of New York City, close to its mammoth headquarters. According to Google, the new service — which was the product of a public-private effort by the company, city officials, and a local nonprofit development ogranization – will provide free Internet access to hundreds of thousands of people each year, making it the largest such WiFi network in New York City.

Supposedly, there is nothing new under the sun. But there are nearly 500 million new things per day being asked of Google that the search engine has never seen before.

New York's apparent success as a financial and cultural center of the world (and anchor for the liquidity flood of the world's central banks via bank er bonuses) has an ugly side. The inflationary impact of the extremely wealthy is squeezing food prices to the point that many low income families simply cannot afford to eat. A dismally real picture of the situation in New York is exposed in a report by Food Bank NYC - One City, Two Realities.

My overview of Google's (GOOG) Q4 2011 Earnings Call January 19, 2012 4:30 PM ET.