Stories you shouldn’t miss:
1. Amazon.com really doesn’t want to charge its customers sales tax. The online giant has already pumped $3 million into a ballot initiative that seeks to overturn a new state law, requiring it to charge sales tax like all other retailers, the Bay Citizen reports. Amazon.com is expected to spend millions more on the measure, which it plans to put on the June 2012 ballot. Polls also show that the ballot measure has a good chance of passing.
2. The odds of a double-dip recession are climbing in the wake of the massive Wall Street sell-off yesterday, the Mercury News reports. Economists say there’s now a 35 to 40 percent chance of a second recession, as historically high levels of unemployment, along with the European debt crisis and the US debt-ceiling debacle, have made investors and corporations skittish.
