June 10, 2013 |
WASHINGTON -- The cable industry's top lobbyist defended broadband in the United States against complaints that the country has fallen behind others in terms of speed and innovation. "America is home to the world's very best Internet companies," said Michael Powell, chief executive of the National Cable & Telecommunications Assn. at the lobbying group's annual convention here. "We have worked hard to reach everyone, and now offer service to 93% of American homes. " Comparisons to other countries, Powell said, are not fair.
May 28, 2013 |
Apple Inc.'s success at avoiding billions of dollars in U.S. taxes through some (apparently) legal maneuvers has tax pundits pointing their guns at the corporate tax system. The case has revived numerous hoary cures for the supposed evil of corporate taxes. The cures include abolishing the corporate tax altogether, turning it into a pure "territorial" system that taxes multinational firms only in proportion to the income generated within the United States, declaring a tax "holiday" allowing businesses to repatriate cash parked overseas (where it is taxed at vanishingly small rates, like Apple's)
April 19, 2013 |
The heirs of the Budapest-based Jewish banker Baron Mor Lipot Herzog have cleared a major legal hurdle in their decades-long quest to force Hungary to return dozens of artworks from Herzog's collection that were looted during World War II. In 2010, Herzog's great-grandson David de Csepel of Altadena led his family in suing Hungary and three of its museums for the return of more than 40 artworks valued at $100 million, including masterpieces by...
March 12, 2013 |
A bright spot in the local economy - tourism - continues to generate big numbers for Los Angeles County's hotels, restaurants and other hospitality businesses. Tourists spent $16.4 billion in 2012, most of it on lodging, food and drinks, according to a study commissioned by the Los Angeles Tourism & Convention Board. By comparison, the group said, tourists spent $15.4 billion in 2011. Tourism last year also generated more than $2 billion in state and local taxes, according to the study by Los Angeles economics research firm Micronomics.
February 28, 2013
Re “ UAE to buy drones made in U.S. ,” Feb. 23 I am not sure why there is such a controversy about civilians getting killed accidentally by drones. What is the difference between that and civilians getting killed accidentally when we dropped bombs on munition factories in Germany in World War II (a declared war) or in Korea or Vietnam (undeclared wars), when military targets were targeted? Of course we were trying to kill soldiers and their leaders at times. It is unfortunate, but civilians are always hurt during wars, so why are drones different?
February 22, 2013 |
The U.S. continues to be a hot destination for big-spending tourists, setting a new record of $168.1 billion in foreign visitor spending in 2012. The country last year welcomed 66 million foreign visitors, whose spending represents a 10% increase over 2011, said Rebecca Blank, deputy secretary of the U.S. Department of Commerce. The greatest increase in visitors and spending came from countries with a burgeoning middle class, including China, Brazil and India. Spending by foreign tourists has been on the rise for the last three years, with tourist hubs such as Los Angeles, Las Vegas, New York and San Francisco reaping much of the spending, Blank said.