This could be incredibly disruptive for our everyday lives. On a positive note, maybe this will mean more business for Boeing's satellite facility in El Segundo.
GAO-Predicted GPS Failure Could Have Drastic Consequences(TechNewsWorld ) The U.S. Department of Defense is likely to take swift action to step up the launch of new satellites to bolster the aging Global Positioning Satellite system. Otherwise, the system could begin failing in 2010, predicts a report from the GAO, and that would have monumental repercussions on national security and businesses worldwide.
Read more about the GPS problem.

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