Tuesday, November 20, 2012

Your 12 hourly digest for Business News, Financial News, Business Headlines & Analysis - The Washington Post

Business News, Financial News, Business Headlines & Analysis - The Washington Post
The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.
Reconciliation
Nov 21st 2012, 00:00

Ezra is hosting "The Last Word" on MSNBC tonight. Tune in!

Musicians on getting paid pennies from streaming music services.

Martha Nussbaum on emotions.

Crickets that live near highways change their mating call.

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Would a carbon tax cut emissions drastically? Not on its own.
Nov 20th 2012, 20:16

Lately, the White House and Congress have been talking up tax reform. And that's given policy wonks an excuse to revisit one of their favorite environmental proposals the carbon tax. The government would slap a fee on greenhouse-gas emissions to offset tax cuts elsewhere. It would boost the economy and address global warming. What's not to love?

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Unemployment rate fell in D.C., Md. and Va. in October
Nov 20th 2012, 19:49

The unemployment rate dropped in the District, Maryland and Virginia in October, the Labor Department reported Tuesday, with all three jurisdictions seeing their greatest job growth in the professional services sector.

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The sequester's defense cuts aren't that scary, in one graph
Nov 20th 2012, 19:32

The defense cuts contained in the sequester would be a "disaster," says Defense Secretary Leon Panetta. Implementing them would "would risk hollowing out our force," says Army Gen. Martin Dempsey. It would be a "crippling blow to our military," says Sen. John McCain.

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Three ways Obamacare changed Tuesday
Nov 20th 2012, 18:41

If you were searching for some heavy reading to occupy long Thanksgiving travels this week (or, alternatively, assist with sleeping through said travel), look no further than the Department of Health and Human Services.

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The inconvenient truth facing deficit hawks
Nov 20th 2012, 17:59

Add NASDAQ's Robert Greifeld to the list of the CEOs who believe that the growing federal deficit is an existential threat to the country. At the Brookings Institute on Monday, Greifeld laid out a frightening vision for what would happen to the marketplace if the long-term deficit were left unchecked. "It is the same kind of deleveraging that we have felt since the financial crisis of 2008, but this could be on a much grander scale," he told the audience. "As all prices adjust, market forces could even reach a point where investors refuse to buy U.S. Treasury bonds."

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Edward Sharpe & the Magnetic Zeros & adorable children
Nov 20th 2012, 17:57

The latest Edward Sharpe & the Magnetic Zeros music video is all kinds of adorable.

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Bernanke to Congress: Don't flub the austerity crisis
Nov 20th 2012, 17:16

Federal Reserve Chairman Ben Bernanke delivered a stark warning to lawmakers in a high-profile speech Tuesday, saying that the U.S. economy is at risk if they bungle negotiations over the looming austerity crisis.

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Is this the deal that will end the austerity crisis?
Nov 20th 2012, 17:00

We're 42 days away from the beginning of the austerity crisis, and the strangest thing is happening: Washington appears to be preparing to deal with it in a smooth, timely, reasonable way.

A disclaimer: This might be the calm before the storm. Readers will remember that there were weeks when much of Washington thought the supercommittee was going to come to a deal, too. But in my conversations with the various players, I'm not hearing much concern. In fact, I'm hearing some confidence. December 21st, people keep saying. We'll have a deal by December 21st.

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Obama voters like the idea of fixing entitlements at least in the abstract
Nov 20th 2012, 15:59

Organized labor and progressive activists have been ramping up their warnings against major entitlement cuts as part of a budget deal. That, in turn, has prompted centrist deficit hawks to go on the defensive, arguing that there's far more appetite among ordinary voters for cuts to Medicare, Social Security, and other entitlement programs than the party's liberal base would like to believe.

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Utah's big Obamacare gamble
Nov 20th 2012, 15:22

There's a pretty stark choice for states to make on health-insurance exchanges right now: They can decide to set one up. Or they can decide not to. Those, along with one choice where the state and feds divvy up the responsibilities, are the options on the table.

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Holiday shopping 2012: Big-box retailers take on online competitors
Nov 20th 2012, 15:13

Big-box retailers are pulling out all the stops to lure holiday shoppers away from their computers, The Post's Abha Bhattarai reports :

Laura Harders used to spend weeks perfecting her Black Friday shopping strategy. She'd study advertising circulars, then draw up a blow-by-blow plan for hitting the best sales, enlisting friends to help.

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Why Atlanta, New York, and Chicago are poised to drive a housing recovery
Nov 20th 2012, 14:44

A housing comeback is now underway; that much is clear. Adding to a steady drumbeat of positive data for the sector, new data on Tuesday showed a surprising 3.6 percent gain in housing starts in October, which came on the back of a 15.1 percent rise in September.

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The big climate question: Will the world build 1,200 new coal plants?
Nov 20th 2012, 14:09

Climate scientists have sometimes warned that it could prove impossible to avoid high levels of global warming unless the world stops building new coal-fired plants. But that's not a simple proposition. Across the globe, there are at least 1,199 coal plants now on the drawing board, according to a new report from the World Resources Institute.

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