The government is going after social security benefits to pay back old student loans. More than 150-thousand Americans had their social security checks garnished last year because of loans they defaulted on. That's triple the number from 2006, according to the Treasury department. In some cases people have seen 15 percent of their monthly check taken as a payment for a loan.
Amazon is hoping to become the ESPN of video games. The company is buying streaming platform "Twitch Interactive" for 970 million dollars. Twitch is a multi-channel on-line network that allows users to watch others play video games in hopes of getting some tricks or tips for their favorites. Twitch had 55-million unique visitors in July.
American Airlines is cutting ties with Orbitz. Tickets on American and US airways will no longer be available through the travel website. The move comes after the two failed to reach a deal on how much money orbitz receives from the tickets. But business travelers need not worry, American and US airways tickets will continue to be available through Orbitz for business flights.
Columbia Bank’s Business Insight: How philanthropy can affect your bottom line. As a business, it’s crucial to recognize there’s a certain level of responsibility to create and support the vibrant communities in which we live and work. Philanthropy can and should be a priority for any business, as it can affect your bottom line in great ways. Give back to your community in active, thoughtful ways that go beyond a sponsorship logo on a banner. Do some research on causes or special events that affect your community, and find a unique opportunity to connect your business to it. By making a philanthropic investment, your business can grow a relationship-centric culture with customers, boost employee morale and ultimately support economic development efforts unique to your community. Member FDIC.
Earlier this year, Microsoft started letting people buy the X-Box one without the Kinect system. Now the company will begin selling a standalone Kinect for anyone who is maybe having second thoughts. The “Kinect a la carte" will be available in October for 150 dollars. It will include a new game called Dance Central Spotlight.
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