A significant piece of legislation that is part of President Obama’s stimulus package could open parts of the U.S. to new high-speed Internet services – giving local economies a boost. If so, we’ve identified one company that investors should consider buying in anticipation of a key piece of legislation that was passed last week.

“Employers are moving to aggressively cut jobs and reduce costs in the face of the nation’s economic crisis, preparing for what many fear will be a long and painful recession,” says The Washington Post.

The labor market has been weak all year, with a slow drip of workers losing their jobs each month. But the deterioration of the job market is now emerging as a driver of economic distress, according to a wide range of data and anecdotal reports from corporate America.

In September, there were more mass layoffs — instances in which employers slashed 50 or more jobs at one time — than in any month since September 2001, the Labor Department said yesterday. And nearly half a million Americans have…