Dollars & Sense: $3,000 average tax refunds; world’s fastest electric car
People wait to file taxes in New York on April 15. The IRS doled out $328 billion in refunds last year.
January 14th, 2011
05:05 PM ET

Dollars & Sense: $3,000 average tax refunds; world’s fastest electric car

A roundup of today's CNNMoney news:

Average tax refund in 2010: $3,003: The IRS doled out refunds totaling $328 billion in 2010, a nearly 3% rise from 2009. The jump was one of the biggest in years, thanks in part to several tax credits.

Spending fast: I paid off $18,000 in a year: This freelance photographer set out to cut her debt by spending ONLY on necessities. That meant no more eating out, no more movies, no more shopping. It was tough … but it worked.

The world's fastest electric car (video): Venturi Motors, in collaboration with Ohio State University, set a world record for fastest electric car.

Autoworkers get fat profit-sharing bonuses: GM, Ford and Chrysler want to tie new labor contracts to profits, vehicle quality and other performance measures, rather than straight wage increases. That could bode well for autoworkers.

California insurer bows to 59% rate hike backlash: A week after announcing that it would increase premiums by as much as 59%, Blue Shield of California has hired an outside expert to review its move, promising to make refunds to its policy holders, with interest, if the new rates are found to be excessive.

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Filed under: Auto Industry • Business • Dollars & Sense • Economy
soundoff (9 Responses)
  1. drap

    So blue shield of caif hires outside expert to see why people are furious @ 59% hike? really,seriously? Maybe those orange sniffing baboons should be in charge

    January 14, 2011 at 5:18 pm | Report abuse |
  2. chrissy

    progress on that would be a great deal faster on top of being alot cheaper lol

    January 14, 2011 at 5:37 pm | Report abuse |
  3. Z.

    Wdnt it be sweet.. If the Govt. doled more money for interest on holding our tax return money for almost a year?

    January 14, 2011 at 7:34 pm | Report abuse |
  4. Samsta

    The flu-shield has a docter what must be an expert that check ur u kno what.

    January 14, 2011 at 7:38 pm | Report abuse |
  5. Samsta

    Better yet our ss money that it spend as if its free money now they r whining about the baby boomer. Im sorry but the paid into it imagine that with interest.

    January 14, 2011 at 7:44 pm | Report abuse |
  6. Cesar

    Good for that freelance photographer. Financial discipline!

    January 15, 2011 at 2:10 am | Report abuse |
  7. Sees All Evil

    Where were these great figures of progress under democratic rule before the midterm elections that put the GOP back in power?? Hmmmmmmm......... once again a lack of faith and second guessing our dicision in 2008 will cost us 2 more years of backsliding. starting with the GOP repealing Mr. Obamas healthcare bill. why should the GOP care if we die in the streets they have thier healthcare for life. think about it folks seriously.

    January 15, 2011 at 12:50 pm | Report abuse |
  8. Sarah

    Can somebody please go after these fake money making charities like Red Cross, Unicef, World Vision & others. They collected billions of dollar all over the world for Haiti & the situation is worst then ever. These blood sucking charities all got rich & most their employees are living lavish lives with huge bank account balances. I beg anyone in a position to find out where the money went & to get it back ASAP to save those poor dying people. All those who took this money for themselves, all of you are murderer of innocent people. Hell is waiting for you!!!

    January 15, 2011 at 9:28 pm | Report abuse |
  9. Cesar


    January 15, 2011 at 10:13 pm | Report abuse |