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Analyst Accuses USPS Of Giving Amazon Huge Subsidy

PYMNTS

According to Fortune , Josh Sandbulte, who is also a money manager, the USPS has gone beyond just agreeing to offer Sunday delivery for the online retail giant. But the formula for calculating those costs was set in 2006, and it hasn’t kept pace as packages make up a higher and higher percentage of USPS volume.

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Intuit Selects Its New CFO

PYMNTS

Financial management software company Intuit has chosen a new chief financial officer. 23) that Michelle Clatterbuck, current senior vice president of finance for Intuit’s consumer tax group, and current acting finance leader for Intuit’s small business group, will assume the role of Intuit CFO starting Feb.

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Pulling Back The Curtain On Corporate Finance Reports

PYMNTS

“We found the results to be consistent with the argument that managers can successfully hide adverse information by writing complex financial reports, which leads to stock price crashes when the hidden bad news accumulates and reaches a tipping point,” he said, according to Phys.org reports last week.

Report 139
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Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

PYMNTS

Taxes, minimum wage, global trade tariffs — there are a lot of regulatory changes weighing heavily on the minds of U.S. Mordis pointed to CVS’s acquisition of pharmacy benefits manager Caremark in 2006, while just last month CVS received approval from the U.S. small business owners.

Capital 130
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Bank Customers Lose Real Money

Jeff For Banks

If this were 2006, things would be good. Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? You've been conservative, preferring the stability and security of bank deposits versus the gyrations of the market. The Fed Funds Rate stood at 5.25%, and inflation in check at 2.5%.

Taxes 78
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52
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What’s Wrong With The Attack On Gig Economy Pay

PYMNTS

Yet here we are 13 years later, with a taxi industry that remains structurally identical to what it was in 2006 – and even 50 years before that – with drivers who are truly struggling to make ends meet. They want tools to help track their expenses and manage tax payments for the work they perform. Turning a Blind Eye.