7 November 2013Telkom, South Africa’s main fixed line operator, is doubling broadband ADSL connection speeds for existing consumer and business customers, following its recently announced ADSL speed increases for the country’s internet service providers.The increased speeds will allow for improved video streaming, online gaming and video conferencing by reducing buffering and delays.Manelisa Mavuso, Telkom’s managing director of consumer services and retail, said in a statement announcing the latest speed increase last week: “Effectively, we are doubling the entry-level DSL speeds in the market.“This follows the evolution of capped services to SoftCap [access only to essential internet-based services after the customer’s cap has been reached], promotions on social media, gaming and movie packages, and differentiation of business and home usage products,” Mavuso said. “Customers currently on the SoftCap package will benefit from a double speed upgrade at no extra cost.“Telkom Internet is revising its data usage offers, especially on its uncapped products, to be in line with the improved DSL portfolio,” Mavuso added.“The improved quality does come with nominal fee adjustments for uncapped users, and depending on the customer’s specific package, that could mean either an increase or decrease in the overall monthly fee. Where there is an increase, it is important to note that this increase is far less than the actual value that customers are getting.”SAinfo reporter
Bitcoin has popularized the underlying technology that enables the currency called the blockchain. Blockchain is a kind of “distributed ledger”. There’s not a single entity or overseer that manages and maintains a master copy of the information, like a bank. With a distributed ledger the information is in the hands of many participants. Members works off of a “consensus mechanism” that determines how a ledger is to be updated. Blockchain and Bitcoin, for example, are based on a cryptographic mechanism that can ensure ownership and provide proof of information entered into the ledger.Blockchain has become an experimental testbed for the creation of “smart contracts”. Advantages of blockchain technology include:Accuracy – provides trace of ownership and a complete history of traceable records.Security – provides a transparent and tamper-proof record of actions that can be publicly shared.Cost – the technology has the potential to make the cost of transactions much cheaper.David Rutter, chief executive at R3, a blockchain technology company, said in a statement that blockchain “technologies represent a new frontier of innovation and will dramatically improve the way the financial services industry operates, in much the same way as the advent of electronic trading decades ago delivered huge advancements in efficiency, transparency, scalability and security.”In an evaluation led by the company R3, 42 banks participated in evaluating distributed ledger technologies from Chain, Eris Industries, Ethereum, IBM and Intel, all of which have developed such technologies either as open source projects or for enterprise. Some of the banks participating in the trial are: Bank of America, Barclays , BBVA, Bank of New York Mellon, Citi, Deutsche Bank, JP Morgan, Goldman Sachs, HSBC, Morgan Stanley, State Street, and Wells Fargo.Adam Ludwin, CEO of Chain, said that “by undertaking initiatives such as this one, R3 is further accelerating the adoption of blockchain technology by demonstrating, instead of simply asserting, the commercial advantages of this emerging approach to financial services.”
Pennsylvania is requiring taxpayers to add back 100% of the federal bonus depreciation deduction.The federal Tax Cuts and Jobs Act allows taxpayers to deduct the full cost of certain property placed in service after September 27, 2017. Pennsylvania already required an addback for 50% of the bonus depreciation but it also allowed a subtraction approximating the federal deduction.Currently, Pennsylvania does not provide for an additional cost recovery mechanism for the property. However, taxpayers can take an additional deduction when the qualified property is sold or disposed of.Corporation Tax Bulletin 2017-02, Pennsylvania Department of Revenue, December 22, 2017, ¶204-617Login to read more tax news on CCH® AnswerConnect or CCH® Intelliconnect®.Not a subscriber? Sign up for a free trial or contact us for a representative.
While you’re here, we’d like you to consider subscribing to Pistols Firing and becoming a PFB+ member. It’s a big ask from us to you, but it also comes with a load of benefits like ad-free browsing (ads stink!), access to our premium room in The Chamber and monthly giveaways.The other thing it does is help stabilize our business into the future. As it turns out, sending folks on the road to cover games and provide 24/7 Pokes coverage like the excellent article you just read costs money. Because of our subscribers, we’ve been able to improve our work and provide the best OSU news and community anywhere online. Help us keep that up. Trevone Boykin seems like a dude. Just a down-to-earth dude blessed with Heisman-level athletic ability (literally). I thought this was pretty dang cool after he got thrashed inside Boone’s house on Saturday (Saturday was his first-ever game with four interceptions).Oklahoma State fans were asking Trevone Boykin to stop so they could shake his hand. He did. pic.twitter.com/8Z62bncYFY— Carlos A. Mendez (@calexmendez) November 8, 2015And this? Well, this was kind of sad and a nice reminder that kids are kids and this is just sports.AdChoices广告Trevone Boykin: “You go through your senior year and you try to be perfect, and one stumble, It feels like everything has collapsed on you.”— Chuck Carlton (@ChuckCarltonDMN) November 8, 2015