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 Dec 29th 2012, 00:00 — Ezra is hosting "The Rachel Maddow Show" on MSNBC again tonight at 9/8 central. Tune in! — Google is looking for someone to draw their homepage doodles. Official job title: "doodler." — "Smart Machines and Long-Term Misery" sounds like a really emo industrial rock album but it's actually a economics paper by Jeffrey Sachs and Laurence Kotlikoff. Read full article >> Senate leaders pledge to work through weekend to avert 'cliff,' following White House meeting Dec 28th 2012, 23:05 After meeting President Obama at the White House, Senate leaders said Friday they will work through the weekend and bring senators back into session on Sunday, in hopes of approving an agreement to protect taxpayers, the unemployed and the nation's economy from the worst effects of the "fiscal cliff." Read full article >> READ: John McCain's filibuster reform Dec 28th 2012, 22:00 As the Huffington Post reported earlier today, Sens. John McCain and Carl Levin — backed up by a handful of senior senators from both parties — have been prepping a filibuster proposal meant to undercut more significant reform of the Senate rules. You can download the whole proposal here, but here are the highlights: Read full article >> The economics of gun control Dec 28th 2012, 20:42 After the school massacre in Newtown, everyone has been putting out proposals for how to reduce gun violence. President Obama created an inter-agency task force. The NRA asked for armed guards in every school. And now economists are weighing in with their own, number-heavy approaches. Read full article >> How to raise revenue and cut childhood obesity in one fell swoop Dec 28th 2012, 20:00 It should come as no surprise to anyone with a television that advertising for fast food joints and snack foods can be mighty persuasive. A new working paper by public health economists Michael Grossman, Roy Wada, and Erdal Tekin tries to quantify exactly how persuasive, and what this means for public health. Read full article >> Presenting the second annual Wonky awards Dec 28th 2012, 18:23 Welcome to the second annual Wonky awards, where we recognize outstanding achievements — and spectacular disasters — in policy wonkery. Let's get to them. Wonk of the year: Grover Norquist The definition of a "wonk" is "a person preoccupied with arcane details or procedures in a specialized field." But those details and procedures don't always stay arcane. Sometimes, the odd, obsessive work a wonk has been doing for decades becomes very, very public. Read full article >> There won't be a coastwide port strike, after all Dec 28th 2012, 16:58 The "container cliff" has been averted. On Friday, the East Coast dock workers' union reached a tentative agreement with shippers and port operators, a top federal mediator said. The breakthrough in talks means that the country won't have to sit through a strike by 14,500 dock workers at ports from Houston to Boston next week — a move that could have proved quite disruptive to the U.S. economy. Read full article >> 2013 Ford Focus ST: Much more than just enough for the city Dec 28th 2012, 16:40 NEW YORK — I needed a car that could maneuver through the madness of New York's holiday traffic. There were three choices at home in my Northern Virginia driveway. One, a 2012 Chevrolet Tahoe sport-utility vehicle, was great for hauling bulky packages and seasonal decorations from big-box stores. But it was too much of an unwieldy beast for congested city traffic. Read full article >> 'Come together' breaks Washington apart Dec 28th 2012, 16:35 Twitter has been rather amused by Starbucks' plan to solve the fiscal cliff by scrawling "come together" on every peppermint mocha and salted caramel latte sold in the Beltway. But I want to take the project a bit more seriously. I should say, at the outset, that I admire the effort: People and CEOs should want to be engaged in American politics, they should be angry at what they see happening and they should be trying to figure out ways to pressure politicians to make things work better. Read full article >> How the rest of the world could put the U.S. at risk in 2013 Dec 28th 2012, 15:13 This is the third of three posts looking at how the U.S. economy will perform in 2013. Wednesday's installment examined the solid fundamentals that should drive a U.S. recovery. Thursday we looked at risks to that outlook created by policymakers in Washington. Today's installment looks at risks to the U.S. economy from abroad. Read full article >> Let's say we go over the 'cliff'. How quickly will we feel the pain? Dec 28th 2012, 14:00 The markets are already fretting over the "fiscal cliff": On Thursday, the Dow seemed to surge and fall with every bit of micro-news about a deal or lack thereof, as Joe Weisenthal documented. It's an indication that the markets are increasingly anxious about the prospect of cliff-diving: If we go over, economists believe that the market fallout could be very quick, though we'd have a few weeks before the country would actually hit a recession. Read full article >>

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