Amazon Prime adds value beyond free shipping for many items
The writer notes Prime's evolving benefits from video and e books to music and exclusive content. With access to free streaming past seasons, original programming, and rapid shipping on select orders, Prime forms a convincing overall value despite exclusions and device ties.
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IRS offers penalty waivers for Americans abroad
The IRS proposes to waive steep penalties for U S citizens living overseas who fail to report offshore accounts if three years of tax returns are filed and back taxes paid. Commissioner Koskinen says the aim is disclosure and compliance. Banks ease loans for small firms with better terms as credit improves.
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Senators propose 12 cent gas tax increase
Senators Chris Murphy and Bob Corker unveil a bipartisan plan to raise the federal gas tax by 12 cents and the diesel tax by 12 cents over two years. The taxes would be indexed to inflation and implemented in two 6 cent increments to fund highway and transit programs.
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Fed keeps rates steady as economy slows stance hinted
Fed Chair Janet Yellen says the economy is not healthy enough for rate hikes, signaling no near-term increase. The central bank continues slow long term bond purchases as inflation remains unsettled and markets await clearer guidance on when a first rise could occur.
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Newedge
NHTSA Opens Two Chrysler Vehicle Air Bag Investigations
U S safety agency launches two probes into Chrysler minivans and SUVs amid a broader air bag and ignition switch inquiry. The investigations cover about 700 000 Dodge Journey SUVs and Chrysler Town and Country and Dodge Grand Caravan minivans from 2008 to 2010. The agency notes review of air bag deployment in relation to ignition switch positions.
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