Sep 14, ’04 9:54 PM
Sep 14, ’04 12:52 AM
Twenty-six banks have agreed to pay a total of $23 million in back taxes stemming from their use of Nevada tax shelters, and state tax officials said more settlements are imminent.
The back-tax total announced Monday was the first released by the Wisconsin Department of Revenue since it began a crackdown this year on the practice by many banks of shifting some of their income-earning assets, such as loans and bonds, to subsidiaries in Nevada.
This doesn’t seem like a whole lot of money given the size of the banks, perhaps it’s more of a PR deal.
Sep 14, ’04 12:52 AM
Across the United States, towns and cities dissatisfied with data services provided by the private sector are now delivering high-speed connectivity to the doorstep, often at lower prices.
In the process, however, municipalities are facing increasingly fierce opposition from cable operators and telecommunications companies unhappy with the competition. In some cases, cable companies and telcos are fighting to bar utilities entirely from providing broadband in the future.
Special Partner Promotion
Note that our current slow “broadband” providers are lagging the world in costs and speed. Much like roads, sewer and water, fiber networks should be a public good (transport only) while others provide services on those very fast networks.
John Perry Barlow comments on this. Robert Berger also has some useful notes vis a vis widespread free WiFi deployments. Doc Searls offers some useful notes on the “lame” broadband services available today.
Governments should be paying attention as their POTS (plain old telephone system) tax revenue will rapidly diminish over the next 5 years. Telephone calls have declined 50% since 1997.
Sep 14, ’04 12:09 AM
20 years ago, I along with some of my roommates attended a Mondale-Ferraro rally on the Capitol Square. I seem to recall that many attended simply to catch a glimpse of Walter Mondale’s daughter, Eleanor. I’ve scanned some photos from that date and posted them here:
This week’s campaign visits include: