The Hong Kong government announced on Tuesday that it will begin encouraging couples to have three children, in an effort to reverse the territory's falling birth rate. In a radio interview, Chief Secretary Donald Tsang said the government is considering providing tax incentives to encourage couples to have more children. Currently, Hong Kong has one [...]

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The Internal Revenue Service announced Tuesday a plan to reduce penalties for executives and companies that admit to using an abusive tax shelter designed to avoid taxes on stock options. IRS Commissioner Mark Everson said that the agency had identified 42 well-known corporations with executives who failed to report more than $700 million in income. [...]

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The US Court of Appeals for the DC Circuit heard oral argument Tuesday morning concerning a challenge to the FCC-imposed broadcast flag for digital television. Two of the three panel judges noted that the FCC never received permission from Congress to enact the broadcast flag rule. "You're out there in the whole world, regulating. Are [...]

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In Tuesday's international brief, state prosecutors for South Africa have appealed to the Constitutional Court for permission to retry Dr. Wouter Basson, a scientist allegedly employed by the apartheid government to create a "smart virus" that would only target black South Africans. Basson was acquitted in 2002 on charges of conspiracy, drug trafficking, and murder. [...]

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The US Supreme Court issued opinions in two cases Tuesday. In the first, Smith v. Massachusetts, the Court ruled that a trial judge's reversal of a mid-trial ruling to dismiss a firearm charge constituted double jeopardy. Justice Scalia wrote the opinion in the 5-4 decision, with Justice Ginsburg authoring the dissent. According to the Court, [...]

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