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.

The case for deficit optimism Jan 20th 2013, 06:08 Here's a secret: For all the sound and fury, Washington's actually making real progress on debt. Let's do some quick math. Start the clock -- and the deficit projections -- on Jan. 1, 2011. Congress cut expected spending by $585 billion during the 2011 appropriations process. It cut another $860 billion as part of the resolution to the 2011 debt-ceiling standoff. And it added another $1 trillion in spending cuts as part of the sequester. Then it raised $600 billion in taxes in the fiscal cliff deal. Read full article >> From BlueMountain's Feldstein, a win-win with JPMorgan Jan 20th 2013, 03:09 Andrew Feldstein, the Harvard-educated lawyer who leads BlueMountain Capital Management, has had a good run. His firm boasts just one losing year since it was started in 2003. Assets have swelled to $12.7 billion, and he has 150 people in New York and London helping him manage the abstruse derivatives contracts he likes to trade: credit-default swaps, collateralized debt obligations, synthetic CDOs, mortgage bonds, swaptions — the alphabet soup of stuff that went bad in 2008. Read full article >> TechBits: Give your photos a little extra pop of color with Gelo Jan 19th 2013, 23:18 Well, it's one way to make your life more colorful. Geló, a photo app for the iPhone, gives users an easy way to add the effect of bright, vibrant gels to your digital snapshots to give them a little extra pop. The app itself is a little complicated to get into, but users can make some pretty cool effects once they puzzle through the controls. It's certainly a great app for those who like to play with color, but not an essential photo tool for your editing arsenal. And don't worry: If you get carried away, you can revert your photo to its original state. 99 cents, for iOS devices. Read full article >> TechBits: SnapTax is enticing for those with the simplest tax needs Jan 19th 2013, 23:13 Taxes in 10 minutes? That's the promise of SnapTax, an app from Intuit that lets users take a smartphone photo of their W-2 and fill in the paperwork from there. It's an enticing promise for those with the simplest tax needs, but there are a few things to note before deciding you can use this tool to put off your taxes until the night of April 14. Read full article >> Taxpayer Advocate Service goes to bat for victims of identify theft Jan 19th 2013, 23:05 Identity theft is the type of crime that's easy to dismiss. Until it happens to you. Just imagine, you've filed your tax return and are eagerly awaiting your refund. It's money you desperately need to pay some bills or buy whatever you've been hankering for. Read full article >>

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