Russia’s Iron Curtain Descends on U.S. Tech Firms | Bloomberg View

Putin signed a law that bans the storage of Russians’ personal data — from credit card numbers to e-mails — on servers outside Russia beginning September 1, 2016.

For many Western companies, this will entail tectonic changes in the way they do business; some may prefer to leave Russia.

Russian engineers and tech entrepreneurs will fill the void. Such are the benefits of isolation.

via Russia's Iron Curtain Descends on U.S. Tech Firms – Bloomberg View.

Obamacare Has a Scary Day in Court | Bloomberg View

In a stroke of legal creativity, anti-ACA activists noticed a flaw in the law authorizing the tax subsidies. Section 1311 (D) (1), the key provision, describes the exchanges for which the subsidies could be granted by saying that “an Exchange shall be a governmental entity or nonprofit entity that is established by a State.”

The activists argued that this language means that the tax credits may only be made available for a state exchange, not a federally created one.

If their interpretation is correct, then it would be illegal for the IRS to extend tax credits for coverage in the 36 states that lack a state exchange.

If this happened, Obamacare critics hoped, the law itself could “crumble,” as one friend of the court brief put it.

via Obamacare Has a Scary Day in Court – Bloomberg View.

THOMAS Top Ten for 7/20/2014 | THOMAS (Library of Congress)

  1. H.R. 5016 [113th]
    Financial Services and General Government Appropriations Act, 2015
  2. S. 2578 [113th]
    Protect Women’s Health From Corporate Interference Act of 2014
  3. H.R. 5021 [113th]
    Highway and Transportation Funding Act of 2014
  4. H.R. 2807 [113th]
    Conservation Easement Incentive Act of 2014
  5. S. 744 [113th]
    Border Security, Economic Opportunity, and Immigration Modernization Act
  6. H.R. 4719 [113th]
    America Gives More Act of 2014
  7. H.R. 2504 [113th]
    Home Health Care Planning Improvement Act of 2013
  8. H.R. 4923 [113th]
    Energy and Water Development and Related Agencies Appropriations Act, 2015
  9. H.R. 4718 [113th]
    To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation
  10. S. 2244 [113th]
    Terrorism Risk Insurance Program Reauthorization Act of 2014

via THOMAS Top Ten for 7/20/2014 – THOMAS (Library of Congress).