Sunday, December 30, 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.
Senate negotiators search for deal to avoid the 'fiscal cliff'
Dec 30th 2012, 23:20

Still no deal.

There were signs of renewed effort in the talks to resolve the "fiscal cliff" crisis late Sunday afternoon. For one thing, direct talks had begun between Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Biden. Republicans exiting a mid-afternoon caucus meeting said that McConnell had excused himself to take a call from the vice president.

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Value Added: This Herndon search company found its perfect retreat in Costa Rica
Dec 30th 2012, 22:50

I don't get corporate retreats.

First of all, I have never been invited to one. The only "retreating" I do is when I am on the wrong end of an argument.

Anyway, I am not convinced that retreats, off-sites or whatever you want to call them (junkets?) are an efficient use of company resources. Do you really need to pack everyone into business class and fly them 1,000 miles to some beach so they can ride a zip line and team-build?

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New at the top: A military commander prepares to lead in private business
Dec 30th 2012, 22:44

It was September 11, 2001. I was a commando in the Army. It just so happened I was on alert with my sergeant major. We were sitting in the office about to start a training exercise.

We looked up at the television and saw the first aircraft hit the World Trade Center in New York. We were staring, not sure what it was. Then the second plane hit and within minutes I heard people dragging bags as if we were going to load out. Guys were switched on.

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D.C. area bankruptcy filings for Dec. 31
Dec 30th 2012, 22:34

These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices.

Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court.

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Washington area appointments for the week of Dec. 31
Dec 30th 2012, 22:31

Abt Associates of Bethesda appointed Michael L. Lopez principal associate.

Cadmus Group of Arlington appointed Nathan Smith vice president in the built environment division.

HBI of the District appointed Edward Harrison, Steven O. Kramer, Faye M. Nock, Dennis O. Torbett senior vice presidents, and Keith Albright and Tadar Muhammad vice presidents.

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The Republican Party in one tweet
Dec 30th 2012, 22:23

This is pretty much the Republican Party in one tweet:



Today's Republican Party thinks the key problem America faces is out-of-control entitlement spending. But cutting entitlement spending is unpopular and the GOP's coalition relies heavily on seniors. And so they don't want to propose entitlement cuts. If possible, they'd even like to attack President Obama for proposing entitlement cuts. But they also want to see entitlements cut and will refuse to solve the fiscal cliff or raise the debt ceiling unless there are entitlement cuts.

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McConnell's Social Security deal breaker
Dec 30th 2012, 20:59

The breakdown of the Obama-Boehner talks was an admission that Democrats and Republicans couldn't find enough agreement on the tough issues to come to a big deal. The McConnell-Reid talks were an effort to take the issues that the two sides could agree on and come to a small deal.

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The 'fiscal cliff's' estate tax fight, explained
Dec 30th 2012, 18:16

The Senate is set to reconvene Sunday afternoon in a last-ditch effort to devise a "fiscal cliff" compromise before Dec. 31, with Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) working through the weekend to come up with a "small deal." One of the latest sticking points has been over the estate tax, a small but politically charged part of the George W. Bush tax cuts. Here's a look at what's at stake and what the policy consequences are likely to be.

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Wonkblog's books of the year
Dec 30th 2012, 17:53

Ready for some new year's reading? Here are the books that the Wonkblog team most enjoyed in 2012.



Neil Irwin

The Passage of Power, by Robert Caro

The fourth of what will be a five-part biography of Lyndon B. Johnson, Caro brings his seemingly inexhaustible research and reporting to bear on a moment when the American political landscape shifted inexorably. This volume covers Johnson's campaign for vice-president in 1960 and his unhappy time on the sidelines as VP, then the assassination of John F. Kennedy, Johnson's ascent to the presidency, and the flurry of civil rights and other legislation enacted in the first months of the Johnson administration. The knuckle-gripping account of the events in Dallas in November 1963 is alone worth the price of admission, but the volume as a whole captures one of the great inflection points for America. It is to politics what "Mad Men" is to culture.

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