A few weeks ago I found myself in a situation that I couldn’t have predicted in my wildest dreams. I had come in early and stayed late all week so I could get out a little early on Friday. The plan was to spend the evening on my boat on the Detroit River, and I was ready to go. The weather was nice, I had just finished my second week of my internship, got my first paycheck, and, simply put, I was on top of the world. T
No Comments | Tags: Express Scripts, Scripts
DEERFIELD, IL – Walgreens has announced that it plans to sever its relationship with Express Scripts pharmacy provider network, turning away from more than $5 billion in annual revenue. The national pharmacy chain said contract renewal negotiations with the pharmacy benefit manager (PBM) have been unsuccessful, and as a result, it will not be a part of the Express Scripts’ pharmacy provider network as of Jan. 1, 2012.
“While we have sought to negotiate a contract renewal agreement over the past several months, those talks have been unsuccessful,” said Walgreens president and CEO Greg Wasson in a press release. “Under
No Comments | Tags: President, President Obama’s
Lots of conservatives are giving President Obama a hard time over his comments on the economy (starts at around 2:00).
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He mentions that technology has taken jobs from people.
No Comments | Tags: Income Tax, Income Tax Rates, Rates, Tax Rates
As part of one of California’s bad budget deals, sales and income tax rates were temporarily increased by 1% and 0.25%, respectively, for two years. Despite the protests of Jerry Brown and Democrats in the California legislature, those temporary tax increases did turn out to be temporary.
Tomorrow, California sales tax rates decrease by 1%. In Orange County, this means that generally sales tax will fall from 8.75% to 7.75%.
Income tax rates will also fall; California’s top bracket (excluding the millionaire tax) will fall from 9.55% to 9.3%.
No Comments | Tags: Business, Small Business
Small businesses were looking for a big break Wednesday from Ben Bernanke and the Federal Reserve.
They got a break. But just not as big as they were hoping for.
Retailers have been complaining for years that big banks have been gouging them with high fees to process debit card transactions. Last year, Congress enacted a law to put a cap on these “swipe” or “interchange” fees.
Wednesday, the Federal Reserve issued a final set of rules on the law setting the cap at 21 cents per transaction.
That is better than the 44 cents on average that retailers pay banks now for each transaction. Read more info…