Marketplace for Tuesday, March 25, 2014
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In a document released Tuesday, the Internal Revenue Service says bitcoin is not legal tender. You can't use it to pay your taxes. But the IRS says virtual currencies like bitcoin will be taxed like property as opposed to currency. Plus, the Obama administration is planning legislation to overhaul the National Security Agency's collection and storage of phone records – which could now be kept with the phone companies. But as the burden then shifts to the telecom companies, what extra costs might they incur? And we continue our special collaboration with the New York Times on "Work in America." Today we look at the gig economy.
Posted In: asia, China, south china sea, Japan
A new book explores the possible disputes over who owns the South China Sea, and its oil reserves.
Posted In: national security agency, surveillance, telecom
Under proposals leaked this week, the National Security Agency would stop its blanket collection of phone-call data. Instead, phone companies would keep records, to be provided on court-sanctioned demand.