Dissipation of electromagnetic energy in conducting media takes place not only because of its absorption due to acceleration of charged particles by the electric field and their inelastic collisions with atoms, but also due to interaction of the wave's magnetic field with magnetic and electric dipole currents induced by those collisions in the atoms. The simplest way to describe this phenomenon is to use Ohm's law for magnetic dipole current as H. Harmuth suggested in his Modified Maxwell's equations.