Archive for May 23rd, 2013

Gotcha: Man, that was a fast yellow light …

May 23, 2013

Might not be your imagination.

In some locales, city-fathers are shortening the duration of yellow caution lights – you know, going from green to red.

Why?

Simple.  To increase the odds that you get ticketed by a red light “safety” camera.

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According to a News 10 TV report,  in Tampa, the yellow light duration was reduced by a fraction of a second at intersections with red light cameras.

The result: red light tickets and their accompanying revenue more than doubled.

Red light cameras generated more than $100 million in revenue last year in approximately 70 Florida communities,

What’s the impact on traffic safety?

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Posted in Consumer behavior, Gotcha, Red light cameras, Traffic safety | Leave a Comment »

Apple’s taxes: Why the Fed’s argument is simply silly …

May 23, 2013

This week, Apple CEO Tim Cook was hauled in to DC to testify about Apple’s low corporate tax rate …

Cook explained that Apple makes a lot of money outside the U.S. … selling products that are made outside the U.S. under licenses held by foreign subsidiaries and sold in non-U.S. countries.

Said simply, no part of that income is earned in the U.S. either thru the development, manufacture, sales, or distribution of the products.

None.

But, our wise Senators think that Apple should pay U.S. corporate income taxes on that money any way.

Why?

Because Apple was legally formed in the U.S. and has it’s Corporate headquarters in the U.S.

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Here’s the code-breaking question to ask …

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Posted in Apple, Corporate cash balances, Corporate taxes, Taxes | 4 Comments »