Tag Archives: Senator Chuck Schumer
Senators Respond To Eduardo Saverin’s Citizenship Renouncing With “Ex-Patriot Act”
About a week ago, I wrote an article about how Facebook co-founder Eduardo Saverin renounced his U.S. citizenship. Saverin was born in Brazil and currently lives in Singapore. Saverin had renounced his citizenship in September 2011, but the IRS announced it this month. When Facebook has an IPO, Saverin’s net worth would turn into roughly $3-$4 billion. Singapore does not levy capital gains taxes so by renouncing his citizenship, Saverin would be able to dodge $67 million in taxes. Sen. Chuck Schumer, D-N.Y. and Bob Casey D-Pa. is not happy with this move so they have unveiled the Ex-PATRIOT Act.
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Categories Eduardo Saverin, Senator Bob Casey, Senator Chuck Schumer
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Niagara Falls To Power New Yahoo! Data Center
Chief Yahoo and Yahoo! co-founder David Filo announced last week that he met with New York Governor David Paterson and Senator Chuck Schumer. Yahoo! announced plans to build one of the most energy-efficient data centers in the world. Data centers are the top source of energy consumption at Yahoo! so the announcement is very significant.
The data center will be powered by hydroelectric power from Niagara Falls. About 90% of the energy will be used to power servers. The industry average is 50%. The new data center will be based in Lockport, New York. The company aims to have an annual average power usage effectiveness at 1.1 or better. The design of the building will be based on the Yahoo! Computing Coop since it looks similar to a chicken coop.
About two years ago, Yahoo! started building their own data centers. Their facility in Washington is powered by zero-carbon wind and other hydroelectric sources. Yahoo! is even aiming to reduce carbon intensity of their data centers by at least 40% by 2014.
[via Yodel Anecdotal]