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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 16, 2010
Page
11
The piece argues that tax refunds result from overpaying taxes during the year. It explains the government benefits from holding your money and earning interest, suggesting you miss full value of earnings. An example cites a $3,000 refund representing $250 monthly overpayment.
The piece urges putting a $1500 refund into a five year CD to grow to about 1780 and suggests adding 250 monthly for greater gains. It notes a $1500 now plus another 1500 annually could approach 50000 over 20 years if rates rise. It also advises acting to avoid Uncle Sam withholding money and to adjust W-4 with payroll.
Downtown business owners in Cedar Rapids navigate flood recovery and a weak economy. Heather Younker of Brewed Awakenings explains the 3/50 project to send three locals to spend $50 monthly. Becky Bateman at Victor's on Third Street SE says foot traffic rose after flood but trends now reflect budget cuts. Garden Gate Flower & Gift Shoppe owner Rebecca Pflughaupt notes reopening delays and the Paramount Theatre next door.
The American International Toy Fair in New York showcases more than 100000 products with over 7900 debuts at its 107th edition. Organizers call the top trends Active Accessible Affordable and Aspirational, highlighting toys for multiple ages across many manufacturers and studios.
Toyota Motor Corp. considers longer warranties or new incentives after recalls affecting over 8 million vehicles worldwide. Group VP Bob Carter said repairs progress and dealer support are priorities as the company eyes a competitive program post recall. Don Esmond noted aggressive dealer incentives may follow.
About 300 dealers met with Carter and Esmond to discuss the public perception that Toyota is stopping sales amid a pedal recall. Toyota had suspended sales of eight U.S.-made models while dealers repair them, and sales can resume once repairs are completed.
Washington observers note a shift as four straight months of higher temporary hiring fail to translate into permanent staffing. Economists say uncertainty about a durable recovery, potential tax and healthcare costs, and cautious consumer demand keep employers leaning on temps and part time workers rather than new full time hires. Dawson Careers reports surged demand for temps from corporate clients.
Google apologized to users over privacy concerns with its Buzz social network and issued changes to the service. The company will now suggest followers rather than auto subscribing, as privacy watchdogs consider filing a complaint with the FTC.
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