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Submission + - Nokia takeover in jeopardy due to India $3.4B tax bill (wsj.com)

Snotboble_ writes: Seems like the Microsoft takeover of Nokia may not go over so smoothly; the India government apparently thinks Nokia owes a lot of taxes and because of this, the Microsoft takeover of Nokia may be affected. From TFA: Nokia Corp.'s tax troubles in India worsened Tuesday as local authorities ratcheted up the amount of tax they say the Finnish company may owe to more than $3 billion. Nokia's battle to defend itself from the claims—one of the latest surprise tax bills slapped on big foreign companies in India—could affect its plans to sell its handset division to Microsoft Corp. as the phone company's factory in India is part of the $7 billion deal.

Comment What I've learned.. (Score 2, Interesting) 199

.. in any area - broadband, speed limits, personal days off etc. etc. is that if you put a cap on anything, then people will consider anything below the cap as a right and use their right to the fullest. So Comcast may see a huge increase in traffic summed up as people start acting according to their rights.

Comment Significant flaw & workaround (Score 4, Informative) 71

This is pretty major as so many vendors are affected by it. However, until there's an update or complete recall & replacement, I'd recommend using Truecrypt. Certified by NIST (see HERE. Cross platform. Free (as in spoken beer ;o). Of course, one can only hope that its implementation is better than the devices currently uncovered :P

Comment Global economy (Score 1) 477

Umm, we may have a global economy but with vested national interests. Whoever could have thought that something like this might happen? Oh my..

Anything that focuses on short-term isolated results (think national borders, corporations, quarterly statements etc.) will cause interesting situations like these, where the supply-and-demand chain will collapse if there are no rules to restrict monopolies. And there are on national levels, but not international, and again, with vested "individual" interests in "groups", an outcome for the greater good is decidedly not a given (think COP15 in Denmark..)

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