Gongol.com Archives: February 2013
Brian Gongol

February 16, 2013

Business and Finance Cisco says no more US-based acquisitions until the tax code changes
They'll have to pay 35% repatriation taxes if they bring foreign profits to the US from overseas

News Russia says it has trillions of carats of diamonds
They're beneath an asteroid impact crater. They've known about these for a long time, but kept the secret so as not to upset the world market. Now that Russia is on a natural-resources hot streak, the secret apparently doesn't need to be kept any longer. This is one of several reasons why a gold standard for a currency is a terrible idea: You never know when someone will arbitrarily discover (or reveal knowledge of) a huge amount of whatever hard asset you choose to back the currency.

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