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Archive for September, 2009

02
Sep

Tax collectors trolling Facebook

Tax deadbeats are finding someone actually reads their MySpace and Facebook postings: the taxman.

State revenue agents have begun nabbing scofflaws by mining information posted on social-networking Web sites, from relocation announcements to professional profiles to financial boasts.

Search for more on the Internal Revenue Service

In Minnesota, authorities were able to levy back taxes on the wages of a long-sought tax evader after he announced on MySpace that he would be returning to his hometown to work as a real-estate broker and gave his employer’s name. The state collected several thousand dollars, the full amount due.

Meanwhile, agents in Nebraska collected $2,000 from a deejay after he advertised on his MySpace page that he would be working at a big public party.

In California, which has recently been so strapped for revenue it has had to pay some bills with IOUs, agents are also using social Web sites.

Read more…

With Monday afternoon’s news that Scott Carson has been replaced as head of its division that makes the aicraft, why should you care whether Boeing (BA) can test its 787 Dreamliner? If you’re a Boeing investor, your net worth could take a nasty hit if the 787 can’t make it to cruising altitude: the 787 accounts for a $154 billion backlog, almost half of Boeing’s total. And if you fly, you’ll want to be sure all the creature comforts I described in You Can’t Order Change don’t come with the risk of falling out of the sky.

That’s why the latest information I received from a source who spent two years consulting to Boeing is important. This source contacted an insider at Boeing’s Commercial Aviation Services unit who confirms that Boeing is flying six test aircraft, three of which have no commercial value, since nobody would buy them — which resulted in last week’s $2.5 billion charge.

The big news? Read more…