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 | Business community divided on fiscal cliff plans Nov 1st 2012, 23:55 A rift has opened in the U.S. business community over whether tax increases should be an important part of the government's strategy for tackling the federal deficit and heading off destabilizing changes in tax and spending policies set to kick in at the end of the year. Read full article >>   | | Study: Whom voters want to win is less predictive than whom they expect to win Nov 1st 2012, 20:59 Election polls come in a lot of flavors. Some sample registered voters; some try to screen for only "likely" voters. Some use humans to make the calls; others use robots. But most have one thing in common: They ask people whom they plan to vote for. And it's those answers that are the headline result — the numbers that get the most attention from the politicians and the press. Read full article >>   | | Bloomberg endorses Obama over climate change. Here's why. Nov 1st 2012, 20:11 For a day or two, global warming might actually become a big issue in the presidential race. On Thursday, New York City Mayor Michael Bloomberg (R) came out and endorsed President Obama's re-election bid, arguing that Hurricane Sandy had brought climate change to the forefront — and commending Obama's record on this front. Read full article >>   | | The tax report Senate Republicans don't want you to see Nov 1st 2012, 19:18 0915 Taxes and Economy Back in September, I spent a few days hosting "The Ed Show." I wanted to do a segment taking a closer look at some of the claims and counter-claims surrounding Mitt Romney's tax plan, and so I invited Bruce Bartlett, one of Washington's most knowledgeable and experienced tax hands, onto the show. "I have something for you," he said before he left. Then he slid a copy of a new Congressional Research Service report on marginal tax rates across the table. Read full article >>   | | Can Colorado create a legal market for marijuana? Nov 1st 2012, 18:50
Back in 1932, Colorado voters took to the polls and approved Amendment 7, a bill that legalized alcohol consumption and ended prohibition. Now, 80 years later, the state is weighing Amendment 64, a voter proposition that would similarly legalize marijuana. Read full article >>   | | Grover Norquist: Even if Obama is reelected, taxes aren't going up Nov 1st 2012, 16:17 Grover Norquist is the president for Americans for Tax Reform. He's led the conservative push against accepting any tax increases whatsoever, convincing the vast majority of Congressional Republicans — and current candidates for office — to sign his anti-tax pledge. We talked on Wednesday afternoon about his goals and predictions for what will happen right after the election as Congress deals with the fiscal cliff. Here is a transcript of our conversation, lightly edited for length and clarity. Read full article >>   | | Mortgage rates float near record lows Nov 1st 2012, 14:00 Mortgage rates continued to float near record lows again this week, according to the latest data released by Freddie Mac. The 30-year fixed-rate average fell to 3.39 percent, down from 3.41 percent a week ago, but up from 3.37 percent two weeks ago. A year ago at this time, it was 4 percent. Read full article >> | | The politics of Friday's jobs report Nov 1st 2012, 13:41 There have been 45 monthly employment reports since Barack Obama was inaugurated president. Number 46 will be the biggest of them all. Not in terms of significance for what it tells us about the economy; on that score, every report is about the same. They provide important guidance on whether the job market is getting better or worse, and in something close to real time, but are subject to revision and weird statistical blips, and thus are only one piece of a complex economic puzzle. Read full article >> | | ADP: We added 158,000 jobs in October Nov 1st 2012, 13:21
ADP, the big payroll processing firm, has put out its October numbers in advance of Friday's jobs report, and they're pretty promising: 158,000 new jobs created, though their September number was revised down to 114,000 (coincidentally, exactly the Bureau of Labor Statistics's number) from a first guess of 162,000. Read full article >>   | |
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