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Roth IRA: Time to retire Roth IRAs - Los Angeles Times
The day after Congress passed the new healthcare law, an opponent called it "a fiscal Frankenstein." In fact, those are fitting words for Roth individual retirement accounts, or IRAs. Roths drive up the federal deficit and cause other pain. They're great for holders but grim for America. It's time to retire them.
Retirement accounts were designed by Congress to spur saving by Americans for their golden years. Let's compare a Roth IRA to other accounts, such as traditional IRAs, 401(k)s or 403(b)s. -
For Libraries and Publishers, an E-Book Tug of War - NYTimes.com
LAST year, Christmas was the biggest single day for e-book sales by HarperCollins. And indications are that this year’s Christmas Day total will be even higher, given the extremely strong sales of e-readers like the Kindle and the Nook. Amazon announced on Dec. 15 that it had sold one million of its Kindles in each of the three previous weeks.
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E-books and audio books on the Web site of the New York Public Library. Publishers are waiting for an industrywide approach to e-lending to gel.
But we can also guess that the number of visitors to the e-book sections of public libraries’ Web sites is about to set a record, too. -
Verizon’s Worrisome Cable Deals - NYTimes.com
AT&T’s decision to drop its bid for T-Mobile is a victory for the Justice Department and the Federal Communications Commission, which steadfastly opposed a deal that would have locked the wireless market into a duopoly and been bad for consumers. But the battle to defend competition in telecommunications is hardly over.
Related News
AT&T Ends $39 Billion Bid for T-Mobile (December 19, 2011)
As regulators moved to block the AT&T deal, Verizon Wireless was buying big chunks of spectrum from the nation’s largest cable carriers and signing agreements with them to sell each other’s services to consumers around the country.
Monday, December 26, 2011
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