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Trans Ocean Network named landing partner in Panama CX cable


Trans Ocean Network named landing partner in Panama CX cable
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7h | Natalie Bannerman
Ocean Networks has entered a memorandum of understanding (MoU) for Trans Ocean Network to provide landing party services and infrastructure in Panama for the Caribbean Express (CX) subsea cable.
Under the terms of the MoU, Ocean Networks will lease space in Trans Ocean Network’s cable stations as well as 18 fibre pairs on routes across Panama connecting Maria Chiquita in the Caribbean to Corozal in the Pacific.
“We are pleased to be working with Trans Ocean Network, they are well positioned in Panama,” said David Blau, chief operating officer at Ocean Networks. ....

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Is rising income inequality just an illusion?


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One of the Biden administration’s top priorities is to tackle income inequality in the United States. It stems from a widely held view that the gap between rich and poor has widened steadily since the 1980s when the Reagan administration cut the highest marginal tax rate from 70 percent to 28 percent. To address this issue, President Biden is proposing tax increases for corporations and households with annual income of more than $400,000.
But is this perception accurate? A recent op-ed by Phil Gramm and John Early asserts that it is an illusion that results from the U.S. Census Bureau failing to account for taxes and transfer payments in its measures. When both items are taken into account, they assert that income inequality is actually lower than it was 50 years ago.  ....

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