Target will pay hack victims $10 million

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Target will pay customers who suffered from a 2013 data breach up to $10,000 each in damages.

On Thursday, a federal judge in St. Paul, Minnesota approved a $10 million offer by Target to settle a class action lawsuit, according to an attorney representing those who were hacked.

The more likely scenario? Target will reimburse victims for “lost time,” as it says in court papers.

 

Read More @ CNN MONEY

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Target will pay hack victims $10 million

The strong dollar is a great reason to keep interest rates low

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Since late 2008, the Fed has held short-term interest rates at zero in an effort to stimulate economic growth. But it is expected to begin raising them in the coming months..

A strong dollar means lower inflation

Low interest rates are one of the Fed’s main tools for stimulating the economy — pushing the interest rate lower encourages borrowing, which encourages economic growth

It’s true that unemployment has fallen to 5.5 percent, but wages still are just barely keeping up with inflation

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Read More @ vox.com

 

The strong dollar is a great reason to keep interest rates low