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Walters: Arbitrary Tax Policy Spawns an Offspring

History has proven that no political decrees are more arbitrary than those about taxation. We hear a lot about “tax fairness,” but what is taxed and the level of that taxation follow no logical or moral course. Rather, those decisions are driven by ideology, political clout and the perceived need...

Pinterest Prices Public Offering at $19 per Share

SAN FRANCISCO — Pinterest is pricing its shares at $19 for its initial public offering Thursday, putting it on track to raise more than $1.4 billion. The digital scrapbooking and image search site said last week it expected to sell 75 million shares at a price between $15 and $17...

Why California Libraries Are Ditching Fines on Overdue Materials

Bill Colb has had just about every possible job in the San Francisco Public Library system. He has worked in customer service, managed branches and circulation, and is now the library’s digital strategist. Throughout these jobs, his most dreaded task remained the same: haggling with book borrowers over 10 cents...

Apple Drops iPhone Bombshell on Already Reeling Stock Market

SAN FRANCISCO — Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster. The reckoning came in a letter from Apple CEO Tim Cook to the company's shareholders released after the stock market closed Wednesday. Cook said Apple's revenue...

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