The FCC is considering imposing a tax on Internet providers, according to a story reported in The Hill. The Internet has become a means for Americans to share information in a wide variety of formats to people anywhere else in the world. More and more, people seek information and ideas via the Internet, shop for good and services and purchase those on the Internet, create videos and music which others can obtain on the Internet, and even post whole books for reading on the Internet.
Today, August 25, the predecessor of another Marxist regime celebrates its 100th anniversary.The Kuomintang, or Chinese Nationalist Party, has uniformly been given a bad reputation in academic communities and its members are invariably portrayed in films or novels as “corrupt” and “incompetent gangsters.” The Kuomintang, or “Party of the People,” was certainly imperfect, but then so are all political parties and all governments. A more pertinent question is how does the Party of the People stack up against other Chinese governments? A century ago, China had real hope.
The July data for the coalition government of the United Kingdom show corporate tax collections below estimates and government spending over estimates, increasing speculation that more government spending reductions may be near in order to reduce the national deficit.
Britain may also be facing what a number of other European nations have endured over the last several years: a downgrading of credit rating of government bonds, raising the interest rates which must be paid. Currently the UK has a comfortable AAA credit rating; however, if there is a significant increase in government borrowing, that could change.
The Chronicle of Philanthropy on August 20 issued the findings of a new study of Americans and their patterns of giving, based on the itemized deductions for 2008 tax returns, the most recent year available, with the data broken down by zip code. Among the findings was that the most religious Americans — not the richest — were the most likely to give to charities.
Two hundred years ago today — during the War of 1812 — perhaps the most storied vessel in the U.S. Navy, the Constitution, earned her nickname Old Ironsides when cannonballs from the British warship Guerriere bounced off her hull.
The Canadian Medical Association, the largest association of doctors in Canada, has redefined human life. On August 15, the CMA passed a resolution supporting the notion that a child is not a human being until he is in a living state outside the body of the mother.
The prices that Americans pay for gas at the pump may reach an all-time high this summer. The average price is $3.70 per gallon, which is an increase of 30 cents since July and the climb in price from July to August was 9 percent. The increase is particularly concerning because a reduction in global demand, caused by a persistent world-wide recession, has kept demand for gas relatively low. Some have predicted that the price of gas will reach $3.90 per gallon before Labor Day. Gas prices have risen each month for seven straight months this year.
Reports coming out this August show that our nation has plenty of oil and gas and that we ought to be a major exporter of coal to foreign markets. The economic benefits of an aggressive hydrocarbon energy production policy are vast.
Foreclosures of homes are increasing, July economic reports reveal. Homes are the most important asset that ordinary Americans possess, and the value of that asset was long presumed by middle class Americans to be one which would steadily increase over time, punctuated occasionally and in some regions with soft markets and in other regions with quicker growth. Over the last four years, however, the value of the American home has been stagnant, even as the cost of living has increased.
Jonathan Goodluck was elected president of Nigeria last year in an election by a strong majority of the Nigerian people. This was the first truly free election the nation had held for years. Outside observers found that the elections were smooth, free, and devoid of serious violence. The Christian Goodluck captured about sixty percent of the vote against his Muslim opponent. But Muslim extremists in the nation are not satisfied with that result.