Posts filed under “Taxes and Policy”
Yesterday on my commute to work, I became annoyed with the spotty coverage and slow connection provided by Verizon Wireless. I tweeted my frustration.
Imagine my surprise when AT&T’s social networking Tinkerbell responded to me: “Connect when and where you want with our reliable 4G LTE!”
I found that amusing. The reason I switched to Verizon Wireless was because AT&T was so awful. I bought the first version of the iPhone, with AT&T as the sole carrier. The device was a delightful and innovative glass brick. Great apps, brilliant design, game-changing paradigm shift. Except for that whole wanting-to-make-phone-calls on it issue. For that purpose, it was worthless. That’s what I mean by glass brick. I returned it for a full refund, and got some ugly non-iPhone at Verizon that I actually could make phone calls on.
Once Verizon got the iPhone, I returned to the glass brick, new and improved — now with phone-calling capabilities!
All of which raises the question: Why are telecom services in the U.S. so unconscionably awful? Sure they’re expensive, but at least they are slow and unreliable! We invented most of the technologies so why are they so superior in other countries? continues here
“To avert panic, central banks should lend early and freely, to solvent firms, against good collateral, and at ‘high rates.’ ” -Walter Bagehot, Lombard Street Former U.S. Treasury Secretary Timothy Geithner has been promoting his new book, “Stress Test: Reflections on Financial Crises.” I haven’t read it, and based on what I have heard…Read More
A recent Gallup poll asked working Americans what they expected in retirement. “Half of Americans think they will have enough money to live comfortably after they retire.” This is the first time since before the financial crisis that a majority of Americans have felt this way. The poll is very revealing about both investing psychology…Read More
From Bloomberg Visual Data: The IRS collected more than $5 billion in 2011 from penalties incurred by taxpayers who withdrew money from tax-deferred retirement accounts before the age of 59 1/2. The people who pay the penalty include younger workers who switch jobs and don’t bother to roll over their accounts and older workers who…Read More