Thursday, December 27, 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.
Possible strike at docks would cripple key U.S. ports, hurt economy
Dec 28th 2012, 01:25

Thousands of dockworkers from Baltimore to Houston are threatening to go on strike this Sunday over their pay, a move that could throttle an array of key ports and disrupt commerce at a critical juncture for the economy.

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If Congress doesn't avoid 'dairy cliff,' milk prices could double
Dec 28th 2012, 01:14

Add another, more prosaic item to the list of things Congress has left until the last minute to resolve this year: the price of milk.

Distracted by dealing with the Bush tax cuts, lawmakers are running out of time to pass the latest version of the country's sweeping farm bill and avoid what's become known as the "dairy cliff." If Congress misses the Jan. 1 deadline, the price of milk could rise significantly — some say by more than $3 a gallon — as the country's farm policy reverts back to laws dating from 1949.

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SEC rule requires broker-dealers to find owners of lost or unclaimed securities
Dec 28th 2012, 01:11

So the check's in the mail.

But did you get it?

A new rule adopted by the Securities and Exchange Commission this month will require broker-dealers to take a more active role in making sure that the customers they have lost track of get dividend payments, interest payments and other distributions.

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Reconciliation
Dec 28th 2012, 00:00

Ezra is hosting "The Rachel Maddow Show." Tune in!

Could big data solve America's gun problem?

The hundred best lists of all time.

The Supreme Court won't block the health law's contraceptives mandate.

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Obama reaches out to congressional leaders on 'fiscal cliff' talks
Dec 27th 2012, 19:54

With just five days left before the year-end "fiscal cliff" and pessimism mounting that a deal to avert it can be reached, President Obama returned to Washington on Thursday in an effort to jump-start talks after placing late-night calls to Congress's four top leaders.

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Wonkblog's guide to New Year's resolutions
Dec 27th 2012, 18:16



The end of the year signals the start of an age-old tradition: Setting a New Year's resolution that will likely prove unattainable. Four in five Americans fail to attain their New Year's resolution, with a third giving up before the end of January.

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Could a port strike really cripple the U.S. economy?
Dec 27th 2012, 18:08

The fiscal cliff is no longer the only threat facing the U.S. economy. Some 14,500 dockworkers from Baltimore to Texas are threatening to strike this week, a move that could throttle an array of key ports and disrupt commerce across the nation.

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Starbucks' grande confusion over the fiscal cliff
Dec 27th 2012, 16:13

Starbucks CEO Howard Schultz has become the latest corporate executive to take to a soapbox on the "fiscal cliff" as part of Maya MacGuineas's Fix the Debt coalition. His open letter asking his baristas to write "Come together" on their D.C. customers' cups has launched a thousand quips on Twitter. But beneath Schultz's anodyne message lies a central confusion as to what the fiscal cliff is about in the first place.

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2012: The Year in Graphs
Dec 27th 2012, 16:12

As 2012 draws to a close, Wonkblog asked our favorite professional wonks — economists, political scientist, politicians and more — to see what graphs and charts they felt did the best job explaining the past year. Here are their nominees.

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Year in graphs and gifs
Dec 27th 2012, 15:57

What happened

Everybody got reelected: Barack Obama got reelected by a healthy 3.7 percent margin, winning the electoral college 332-206. That's both what polling-based modelers like Drew Linzer, Nate Silver, Simon Jackson, and Sam Wang predicted at the time:

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Three ways Washington could mess up the recovery in 2013
Dec 27th 2012, 15:50

This is the second of three posts looking at how the U.S. economy will do in 2013. Wednesday's installment examined the positive fundamentals that should drive a good year. Today's considers the political risks that could undermine those fundamentals. Friday's will look at international risks to the outlook.

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Hey, America! Republicans want to raise your taxes
Dec 27th 2012, 15:32

The big lie of the fiscal cliff is that the argument is between Democrats who want to raise your taxes and Republicans who want to cut your taxes. That's wrong. Republicans want to raise taxes on more people than the White House does.

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Mortgage rates for the year at lowest rate since 1947
Dec 27th 2012, 15:00

Mortgage rates, which took some dramatic dips in 2012, were among the lowest on record this year, according to data released by Freddie Mac on Thursday.

The 30-year fixed-rate average dropped to 3.35 percent, down 0.7 from the week before. It is substantially lower than the 3.95 percent level it reached during the final week of 2011.

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