The price of greed: Last year's increase in license fees for Internet radio looks set to kill off Internet radio; Pandora is looking at paying 70% of its revenue in license fees, and preparing to pull the plug.
On a similar theme of shortsightedness, attempts to renew the Federal tax credit for solar-energy spending — which is driving a lot of solar-power investment and deployment — are repeatedly failing to pass, reportedly in part because Republicans don't want the Democrat party to get credit for extending it. In a massive display of courage and firm vision in an election year, both Sen. John McCain and Sen. Barack Obama abstained from voting. Way to show your leadership quality, guys. Can we declare a mulligan?
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