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Phoenix Center Shows that FCC's Forbearance Standard Perpetuates Regulation by Ignoring the Fundamental Economics of Telecom Markets WASHINGTON , Dec. 16, 2010 /PRNewswire-USNewswire/ -- Under Section 10 of the Communications Act, the Federal Communications Commission must forbear from regulation when certain conditions are met. To help clarify its responsibilities in this regard, the Commission recently promulgated a new "market power" test to evaluate forbearance petitions. In a new study released today entitled The Impossible Dream: Forbearance After the Phoenix Order, the Phoenix Center reviews the agency's new "market power" analysis and concludes it effectively renders Section 10 of the Act moot by establishing a forbearance threshold -- price equals short-run marginal cost -- tha...
D. 9125, under Section 221, provides rules for the treatment of interest paid on a qualified education loan during the taxable year. The regulations clarify that qualified education interest includes capitalized interest and other amounts charged for the use or forbearance of money. The regulations also amend the transition period in the regulations under Section 6050S to provide that information reporting is not required for loan origination fees and capitalized interest on loans made before September 1, 2004.
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