The U.S. Postal Service’s latest financial report is being called upbeat, but a closer look provides a far less optimistic assessment. While revenues grew this quarter, it lost $754 million – outpacing the loss incurred this period last year by $400 million. To read the entire piece, visit Federal Times.
As part of Florida’s budget, Governor Scott proposed to cut the cell phone and TV tax rate by 3.6 percentage points. When approved by the Florida Legislature, the tax cut will save Floridians $470 million annually. These services are taxed at 9.17% for cell phone and cable TV and 13.17% for satellite TV services – […]
Regulatory rules and government subsidies are popping up across the country to encourage consumers to put solar panels on their rooftops. In addition, new financing arrangements have enabled some consumers to lease rooftop solar panels for very little or no initial investment. On the upside, rooftop solar energy can enable a consumer to be environmentally […]
The FCC is poised to vote on reclassifying broadband services as a common carrier, innocuously referred to as net neutrality regulations. From the outset, the net neutrality rules were unnecessary, did not address any apparent market failure, and protected companies instead of encouraging competition. While advocates for these regulations promised free, open and neutral internet, […]
Two of the largest US institutions are at risk of going wobbly. Fannie Mae lists $3 trillion and Freddie Mac lists $1.7 trillion in securitized mortgages that they sold to banks usually with guarantees. According to some sources, their impressive performance in recent years may be drawing to a close and their federal masters have […]
A few insightful studies of intellectual property abuses and patent infringement defenses have highlighted the role of patent trolls and patent pools. The litigation between patent holders and those accused of infringement is resolved in district courts where large, unproductive process costs and awards eventually hit consumers. Part of these problems seems to be fostered […]
Reclassification Could Be Costly for Consumers As a means to establish and promulgate new Internet rules, commonly referred to as net neutrality regulations, the Federal Communications Commission (FCC) appears to be on the verge of reclassifying Internet services from a less-regulated “information service” to a much stricter public utility-style “common carrier telecommunications service.” The regulatory […]
Most teachers are dedicated and hardworking, but some are not preparing children with the right stuff to succeed in today’s competitive world of jobs. US graduates and young adults underperform in math, technology and literacy compared with our developed economy competitors. We cannot expect our new graduates to play a role in winning high value […]