The days of tax-free Internet shopping may soon be coming to an abrupt end, if two Republican senators have their way.
Sens. Mike Enzi of Wyoming and Lamar Alexander of Tennessee are currently preparing to introduce new legislation that would allow states to force Amazon.com and other out-of-state online retailers to collect sales taxes. Their bill has the backing of several key corporate retailers, including Wal-Mart Stores, Best Buy, Home Depot, and other companies that are currently required to collect sales taxes. At issue is whether online retailers should have to collect sales taxes in states where they’re making sales. Currently, online shoppers are supposed to report purchases for tax purposes but usually don’t.
Apple consumers began lining up Friday morning for a chance to purchase the technology giant’s latest innovation, the iPhone 4S. While the device closely resembles the iPhone 4, which Apple released last year, it features many intriguing specifics, and Apple reported that its sales topped four million units over the weekend in the United States, Canada, France, Germany, Japan, and the United Kingdom. Last year more than 1.7 million units of the iPhone 4 were sold in its first weekend.
Steve Jobs, a man who played a pivotal role in defining the future of home and business computing, died Wednesday at the age of 56.
Part of Jobs' legacy is a world in which many individuals under the age of 25 simply take for granted the innovations that he helped bring to the realm of personal computing. When Steve Jobs, Steve Wozniak and Ronald Wayne founded Apple Computer in 1976 the very concept of computers having a place in the home of the average American seemed farfetched — at best.
Facebook continues to be the subject of controversy over issues of privacy, this time because Facebook cookies were found to be accidentally tracking other sites users visited after they had logged off. The information is then sent to Facebook via the cookies, provoking concerns over users’ privacy violations.
The Federal Reserve is seeking contractors to build a tool that will monitor and analyze blogs, news reports, and social-media chatter about the central bank and its policies, with a goal of being able to use “public relations” strategies to counter the growing barrage of negative publicity. But critics quickly added to the institution’s troubled image as the news spread by lambasting the half-baked scheme as “Orwellian” spying and “intimidation.”