Looks like Apple might be shutting down iTunes in the US and Norway. At least that's what VP of Internet Services (iTunes, Mobile Me, App Store), Eddy Cue says (via Macrumors):
"If the [iTunes music store] was forced to absorb any increase in the ... royalty rate, the result would be to significantly increase the likelihood of the store operating at a financial loss - which is no alternative at all. Apple has repeatedly made it clear that it is in this business to make money, and most likely would not continue to operate [the iTunes music store] if it were no longer possible to do so profitably."
What's the deal'yo? In two separate, but equally perplexing bits of news, the US Government is thinking of dumping an extra $0.15 surcharge (going to copyright holders) onto digital downloads, which would result in either consumers paying $1.14 a track for iTunes music, or Apple eating the $0.15 itself.