Tag Archives: credit

US healthcare deadline nears for clearing up coverage eligibility |

US healthcare deadline nears for clearing up coverage eligibility | World news | NewsWire
A man looks over the Affordable Care Act signup page on the healthcare.gov website. Photograph: Mike Segar/Reuters

The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new healthcare law.

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Barneys to pay $525,000 in racial profiling settlement |

Barneys to pay $525,000 in racial profiling settlement | World news | NewsWire
Kayla Phillips filed a lawsuit after she was detained after buying a $2,500 Céline bag from Barneys. Photograph: Aaron Showalter/Getty

New York’s state attorney general on Monday settled allegations of racial profiling at Barneys, one of the city’s most famous department stores, in a controversy that had dragged in rap mogul Jay Z.

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California Bill Would Cap EV Subsidies By Income

California Bill Would Cap EV Subsidies By Income

One of the bloodiest battlegrounds in the electric car wars is the topic of government subsidies for EV purchases. In the American case, it’s the $7500 federal tax credit for EVs and the various state incentives including California’s current $2500 rebate. In Europe and Asia, a variety of EV promotion schemes have frequently been the subject of acrimonious debate.  Much of the disagreement arises regarding the perceived “fairness” of rebates: defenders of subsidies generally claim that they help put EVs in the hands of middle-class consumers, with critics charging that they only serve to line the pockets of the wealthy. Now one California lawmaker wants to revamp the state’s subsidy program by capping the income level for households receiving EV rebates.

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Did Obama Administration Help Delphi Evade U.S. Taxes?

Did Obama Administration Help Delphi Evade U.S. Taxes?

From Bloomberg’s Zachary Mider comes a new allegation regarding the restructuring of (formerly) American parts maker Delphi: the Treasury Department under Obama helped the company re-incorporate in England as part of a tax avoidance strategy. If that’s true, it’s an embarrassing revelation for a President who recently condemned American companies that incorporate abroad as “corporate deserters.” Like many things in the financial world, however, appearances are often deceiving.

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