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America needs to stop living beyond its means. The only way to improve the US current account and trade balance is to: (a) get Americans to save a higher percentage of their incomes and/or (b) reduce government budget deficits.

Amazon’s fashion ambitions go back several years, and the company has struggled to break into the market in the past.?In 2012,?Amazon shut down Endless.com, a five-year-old high-end online fashion site that sold accessories. Last year,?Amazon-owned MyHabit faced the same fate.?

Amazon’s first TV commercial for its new Fire Phone?debuted today. You can watch the 30-second spot here, or at the bottom of this?post.

Americus Reed, a professor of marketing at the University of Pennsylvania's Wharton School, told The Washington Post that companies are being bolder in their statements than they have been in the past.

Amazon’s new?campus is?part of a broader push to increase its footprint in its hometown. Amazon CEO Jeff Bezos has pointed to the benefits of expanding in the city instead of the suburbs, although the associated growing pains have also created tension between Amazon, longtime Seattle residents and some city leaders.