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.

New home construction rebounds in 2012 Jan 18th 2013, 01:13 New home construction has rebounded to levels not seen since the depths of the financial crisis, according to new government data, as what had once been a major drag on the economy now appears to be a bright spot. Read full article >> Health care drives job growth in the Washington area, as contracting pulls back Jan 18th 2013, 00:48 For decades, the health of the Washington area job market has primarily rested on hiring in its chief industry: the federal government and the contractors who serve it. But not in 2012. As government hiring faltered and contracting spending tightened, the health-care industry has emerged as the chief driver of the region's job growth. Read full article >> Reconciliation Jan 18th 2013, 00:00 — Rents in Williamsburg and other trendy Brooklyn neighborhoods are forcing residents into cheaper areas of New York, like the Upper East Side. — 20 Reasons You're Going to Want to Read This Post on Web Headlines That Will BLOW YOUR MIND Read full article >> Lagarde warns of reform slowdown Jan 17th 2013, 22:02 International Monetary Fund managing director Christine Lagarde on Thursday urged faster work to strengthen the financial system against the sort of crises that threw the world into recession in 2008 and continue to weigh on Europe. Read full article >> McKinsey: World needs $57 trillion in infrastructure by 2030. Yes, trillion with a 't' Jan 17th 2013, 21:22 High up on the list of stuff that President Obama wants and Congress won't provide is more funding for infrastructure programs. His American Jobs Act proposal from 2011 includes $50 billion in spending to improve railroads, airports and roads, and another $10 billion to inaugurate an infrastructure bank to fund other programs going forward. During the fiscal cliff negotiations, he reportedly wanted $50 billion to $75 billion in infrastructure spending in exchange for cuts. Read full article >> Manufacturing jobs used to pay really well. Not anymore. Jan 17th 2013, 20:47 From the mid-1970s until shortly before the Great Recession, it really paid to be a factory worker in America. Specifically, manufacturing workers earned more per hour, on average, than workers across the private sector at large. Read full article >> Wanted: 20 House Republicans to save Congress Jan 17th 2013, 19:13 A funny thing happened in the House of Representatives the other night: The Hastert rule was broken. Again. The Hastert rule isn't an official rule of the House. It refers to former speaker Dennis Hastert's practice of bringing bills to the floor only if a majority of the Republican Party -- his party -- supported them. It means a bill that has 125 Democrats' support but only 100 Republicans' support never comes to the floor, even though it would pass easily if it did. Read full article >> As State Department nears completion of Keystone XL review, both sides dig in Jan 17th 2013, 18:55 The State Department is close to completing a draft of an environmental review that will help determine whether President Obama approves the Keystone XL pipeline, as environmental and energy industry groups sought to bolster their position with new information. Read full article >> Gun research is allowed again. So what will we find out? Jan 17th 2013, 17:50 One of President Obama's less-noticed actions on guns yesterday could actually prove to be one of the most significant in the long run. Among other things, the president signed an executive order directing the Centers on Disease Control to start studying "the causes of gun violence" once again. Read full article >> Mortgage servicing: a consumer guide Jan 17th 2013, 17:32 Millions of Americans know the desperation of trying to hold on to their homes as while nearly all of their efforts are thwarted by a mortgage company that seems determined to foreclose. The Consumer Financial Protection Bureau laid out new rules Thursday to keep struggling homeowners from losing their homes by getting the runaround from mortgage servicers — the middlemen who collect loan payments and handle loan modifications and foreclosures. Read full article >> How (most of) Obama's gun control plan can pass Congress Jan 17th 2013, 16:45 I'm going to go out on a limb here and say that I find it hard to believe Sen. Al Franken (D) is really conflicted on whether an assault weapons ban is worth passing. But Franken is up for reelection in Minnesota in 2014, and Democrats still remember the role that the assault weapons ban played -- or at least the role they think it played -- in their 1994 rout. If you want to be pessimistic about gun control's chances in Congress, Franken's wavering is good reason to worry. Read full article >> Lance Armstrong: Why confess now? Jan 17th 2013, 16:16 If Lance Armstrong truly came clean and confessed to Oprah Winfrey in a two-part interview (part one to be aired tonight) that he used performance-enhancing drugs, will he really see a financial comeuppance? Read full article >> It's official: The 112th Congress was the most polarized ever Jan 17th 2013, 16:07 Stats geeks, rejoice: The newest DW-NOMINATE figures are out! DW-NOMINATE, devised by political scientists Keith Poole (now at the University of Georgia) and Howard Rosenthal (now at NYU), is the industry standard system for measuring how members of the House and Senate compare to each other ideologically. Read full article >> Markets to Washington: You know nothing of our work Jan 17th 2013, 15:49 Markets are funny. Sometimes basic intuition tells you a lot: If there is a recession, the stock market almost certainly falls, for example; if there is high inflation, bond yields rise as investors demand compensation. Read full article >> Don't open wide: Annual check-ups are pretty much useless Jan 17th 2013, 15:32 It might be the most familiar medical procedure: The annual check-up. Doctors screen for harmful diseases and check in on a patient's well-being. And, if a new study is right, they waste lots of health care dollars without making patients any healthier. Read full article >> POW! CRACK! What we know about video games and violence Jan 17th 2013, 14:00 Do video games cause gun violence? President Obama wants to devote federal dollars to answer the question. His newly unveiled plan to reduce gun violence recommends more research into the "links between video games, media images, and violence": First, he's using executive authority to direct the Centers for Disease Control and Prevention and other agencies to look into the causes and prevention of gun violence. He also wants Congress to devote $10 million more to the CDC to conduct further research, which would focus in part on the impact of video games and other media. Read full article >> The patent debate could get a big, new stage Jan 17th 2013, 13:59 The Smithsonian Arts and Industries Building has been closed for nearly a decade. The iconic red building, which was originally called the "National Museum" opened in 1881 — the "lifelong dream" of the Smithsonian's second secretary, Spencer Fullerton Baird. Read full article >>

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