Facebook is facing a reckoning in the court of public opinion for how the social media giant and its partners handle customer data.

In the court of law, holding Facebook responsible for its actions has been quite a bit harder.

CEO Mark Zuckerberg has been hauled in front of Congress to apologize for a data scraping scandal – a scandal that quickly followed an outcry that the site had been exploited by Russia during the 2016 election.

It’s rare to see a social media company pay consequences for its actions – or inactions – because of a broad immunity shield that some in Congress are rethinking.

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What happened at Orbitz?

Reports from March 20th state that up to 880,000 payment card numbers and related information may have been exposed in a data breach. Orbitz, which is owned by Expedia, apparently had two different data disclosures.

In the first disclosure, a hacker may have accessed customers’ personal information for some purchases made on orbitz.com between Jan. 1, 2016, and June 22, 2016, according to the news report. The related information includes customers’ birthdays, physical addresses, full names, phone numbers, email addresses and payment-card information.

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Literally hundreds of potential federal tax breaks are out there for the taking. Don’t miss out. Get to know the different types of deductions and how they’re handled when filling out your tax return and keep good records so you can potentially lower your taxes. Although “tax deduction” is often used as a catch-all, there are 3 types of tax reducers: above-the-line deductions, below-the-line itemized deductions, and tax credits. Let’s dig into each.
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Fidelity Viewpoints

While the Federal Reserve’s decisions certainly impact the US (and global) economy, it’s important to know that the Fed does not set economic policy. The Fed does, however, control monetary policy in an attempt to influence the direction of the US economy. Let’s explore the history of the Federal Reserve, its role and how it carries out its mandate.

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The Tax Cuts and Jobs Act, a measure that has been characterized as the first major reform of the Internal Revenue Code in 31 years, received final approval from the House and the Senate on December 20, and was signed into law by President Trump two days later on December 22.
The legislation slashes the top corporate tax rate to 21%, lowers the top marginal rate for individual taxpayers to 37%, eliminates or scales back several popular deductions, reduces taxes on business income earned by pass-through businesses, doubles the estate tax exemption, and substantially enhances immediate expensing of capital investments.

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Loans can be a convenient source of financing when you don’t have cash to spare. If you’re in your 20s or early 30s, odds are you may be juggling several different types of loans.

According to a 2016 Gallup poll:

35% of millennials have student loan debt

30% are paying down a car loan

23% have a personal loan

47% are carrying credit card debt

If you fall into any of these categories and are conflicted about whether you are managing your debt effectively, there’s no need to panic. Here are two practical ways to manage your debt so that you can build a brighter financial future.

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Waiting until just before April 15 to start thinking about your taxes may prove to be a costly mistake. Advance tax planning is especially important if your circumstances have changed over the past year due to events such as marriage, divorce, the birth of a child, or the death of a family member.

Deferring income into the next tax year and accelerating deductions into the current year can reduce your adjusted gross income (AGI). Lowering your AGI could make you eligible for certain tax breaks that phase out at higher income levels, such as personal exemptions and education credits. Now that the tax reform has passed, here are some strategies that may help you trim your tax bill:

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This Halloween, when you open the door, you may find Thor, Captain America, Green Lantern, or the X-Men standing outside looking for tasty treats. Or, you may find characters you don’t recognize at all! Keeping up with pop culture is no easy task. This year, watch for:

  • Anime characters: If you’re not a fan of Japanese anime comic books, graphic novels, or video games, you may not recognize Chibi Moon or Uzumaki when they appear at your door.
  • Steampunk characters: Steampunk culture shows what the digital age would look like if it had happened 100 years ago.

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Last month we wrote about American’s vulnerability to the growing threat of SPAM in your emails, and the historically unfavorable returns of August and September. On September 7th, Equifax decided to layer another level of doom to our readers when the company announced that 143 million American’s information, including social security and driver’s license numbers, had been stolen by hackers. This is the largest threat to personally sensitive information in years, and the third successful hack into Equifax in 2017 alone.

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