The Internet Tax Freedom Act, which bans texas on web access, is set to expire on November, 2007. The act was signed into law on October 21, 1998 by President Bill Clinton. Reuters reports that groups like Don't Tax Our Web want the ban on web access taxes made permanent. There is concern that taxes could slow down the web's continued growth and development. Reuter's reporter Manoush Zomorodi discusses the implications of the approaching expiration of the Internet Tax Freedom Act in the video below. The most likely result is that the Internet Tax Freedom Act will simply be extended for several more years but there are lawmakers like Senator Ron Wyden who are fighting for a permmanent ban.
Fortune has an article listing the most 20 most admired companies. It probably isn't a big suprise to most people that General Electric tops the list. this page shows GE with an industry rank of #1 in nearly every category. To come up with the list Fortune and survey firm Hay Group asked 3,322 executives, directors, and securities analysts to select the 10 companies they admire most. Here's the list:
The airports seem as crowded as ever but there is some concern that domestic air travel demand is waning despite the approach of the busy travel season. This Reuters video discusses Delta Air Lines which just emerged from bankruptcy protection. Did they emerge from bankruptcy at just the wrong time? The Reuters video also says some airlines are complaining about "sluggish booking."
This year's Webby Award winners have been announced. You can find the full winners list here. Here are the winners and nominees in the Financial Services category.
