Debt ceiling

According to a new report , four major American tech firms hold $163 billion in United States government debt overseas for tax reasons. That means that American taxpayers are effectively paying interest toward a corporate cash stash held abroad that likely will not return to the US anytime soon. Further Reading Silicon Valley fights to keep its Dutch Sandwich and Double Irish loopholes If Apple, Microsoft, Google, and Cisco were to repatriate this money to the US, and if it were taxed at the current corporate rate of 35 percent, “it would produce a $89 billion windfall for the US Treasury—equivalent to 17 percent of America’s projected $514 billion budget deficit this year,” according to the report, published Wednesday by the UK's Bureau of Investigative Journalism (BIJ). “The amount invested by Apple, Microsoft, Google, and Cisco is so large they would collectively be the 14th biggest overseas purchaser of Treasury securities, above Singapore and Norway.” That … [Read more...] about Tech firms would pay $89B in taxes if offshore gov’t debt came home

Audio player loading… It’s no secret that the big addition in Overwatch 2 Season 3 would be a map. Blizzard made clear that each season would bring with it a big piece of content, alternating between a new hero and a new map. Last season brought Ramattra, so a map was on the menu for Season 3. However, in an interview with Blizzard's dev team, we found out some exciting details buried within this icy tundra. The new mode, named Antarctica Peninsula, can be found on the edge of the Atlantic Ocean, closest to the southernmost part of South America. Here, the Overwatch 2 hero Mei, a climatologist, set out to research the effects of global warming on the ice caps. As this is a control mode, we’re getting not one but three separate maps. This style of objective capture is a best-of-three round-based mode where the goal is to achieve control of the target area and hold it until your team’s score ticks up to 100%. We will be traveling to the Ice Breaker ship, which … [Read more...] about This new Overwatch 2 map may be awful for Mei but it’s great for us

Audio player loading… It’s a sad day for our favorite gimmick Twitter accounts, as we might have to soon say goodbye to them. Late Wednesday night, the official Twitter Developer account announced the platform will stop offering free access to the platform’s API (Application Programming Interface) on February 9. Access to Twitter API v1.1 and v2 will soon be replaced with a “paid basic tier,” which may further cripple third-party support. Twitter API (opens in new tab) allows third-party developers to access publicly available Twitter data to create bots or apps for the site. We're not just talking about bots like RemindMe_OfThis that basically remind users of tweets they come across; researchers have, in the past, used the API to track online hate speech (opens in new tab) . It appears that the developers are trying to capitalize on the sheer amount of data on the platform. As the Twitter Developer account said in a thread (opens in new tab) , “Over the … [Read more...] about Twitter API no longer free as platform will begin charging, angering developers