The Federal Reserve is launching a new plan to bolster economic growth. It will begin buying up mortgage-backed securities — $40 billion a month — in a bid to drive down mortgage rates. The Fed said it would continue until it sees unemployment come down.
The unemployment rate dropped last month, but it's not all good news. Some 844,000 people have given up on finding a job for one reason or another. Some have decided to go back to school to train for a new career, but others have simply become too dejected to keep trying.
Starting Saturday, California shoppers will begin paying sales tax on more online purchases. It's the eighth state to pass a so-called "Amazon tax," named after the mega e-tailer. But most of the sales tax owed will remain uncollected.
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