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.

CyberCity allows government hackers to train for attacks Nov 27th 2012, 00:42 CyberCity has all the makings of a regular town. There's a bank, a hospital and a power plant. A train station operates near a water tower. The coffee shop offers free WiFi. But only certain people can get in: government hackers preparing for battles in cyberspace. Read full article >> Reconciliation Nov 27th 2012, 00:00 Former OED editor secretly deleted thousands of words he didn't like from the dictionary. The first use of "OMG" appears to have been in a letter to Winston Churchill. Irony vs. Sincerity is an age-old argument. Read full article >> Sorry, Americans no more betting on Intrade Nov 26th 2012, 23:12 I'll confess, I spent a good chunk of the 2012 campaign clicking on Intrade.comseveral times a day to see where the House, Senate and presidential races stood. All those traders betting on the eventual outcome, I figured, could provide a more accurate synopsis of the race than reading endless blog posts and tweets. Read full article >> Rep. Sander Levin: Letting unemployment benefits expire would be a human cliff' Nov 26th 2012, 21:42 Wonkblog is running an ongoingseriesofinterviewswith key lawmakers and stakeholders on austerity crisis. On Monday, I spoke with Rep. Sander Levin (Mich.), ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues. Our conversation is below, lightly edited for length and clarity. Read full article >> Mitch McConnell's five biggest whoppers on the filibuster Nov 26th 2012, 21:15 Senate majority leader Harry Reid and Senate minority leader Mitch McConnell just had an heated, lengthy exchange on the floor of the Senate over Reid's intention to use the so-called "constitutional option" at the beginning of the next Congress to change the rules of the filibuster using only 51 votes. Read full article >> Abraham Lincoln and the costs of inequality Nov 26th 2012, 18:39 I saw "Lincoln" over the weekend and thought it was both great fun to watch and weirdly amateurish, as if Hollywood's A-list had all decided to pitch in on a community theater production about Abraham Lincoln. Read full article >> Obamacare's Medicaid expansion will cost $808 billion. The price tag for states? $8 billion. Nov 26th 2012, 18:32 States are now in the middle ofdetermining whether to expand their Medicaid coverage under the Affordable Care Act. A new report from the Kaiser Family Foundation aims tohelp with that decision. The reportfinds that states are going to spend significantly more on Medicaid under the Affordable Care Act -- but that the expansion accounts for a relatively small fraction of those costs. Read full article >> The rise and fall of the U.S. wind industry, in one chart Nov 26th 2012, 18:28 Twenty years ago, it would have been extremely difficult to find a single wind turbine looming over the hills and plains of the United States. Things have changed since then anddramatically so. Thanks to a series of tax credits from Congress as well as state-level mandates, wind power has taken off, with thousands of turbines dotting the landscape in states such as Texas and California. Last year, wind power generated 3 percent of the country's electricity. The industry now employs roughly 75,000 Americans, in jobs like steel manufacturing or mechanical assembly. Read full article >> One day, we'll blame Disney for the robot takeover Nov 26th 2012, 18:20 For whatever reason, Disney has decided that it's a good idea to design a line of theme-park robots that can track the movements of people and throw things at them. (Okay, the video is neat, but still, think of the apocalypse potential): Read full article >> Retailers aim for record Cyber Monday Nov 26th 2012, 17:07 Retailers aiming to head off tepid holiday sales projections have launched an aggressive Cyber Monday campaign, offering more online deals earlier in the season and beefing up their Web sites. Many retailers decided not to wait for the traditional Cyber Monday launch date, the Monday after Thanksgiving, to begin offering online deals. Read full article >> Want to eliminate the payroll tax? Better find $12 trillion to replace it Nov 26th 2012, 16:44 New York Times columnist Ross Douthat caused a bit of a stir by proposing that we not just extend the payroll tax holiday, but eliminate the payroll tax altogether. Let's set aside the merits of such a proposal for the future sustainability of Social Security and Medicare, not least because a major part of Douthat's case is that eliminating the tax makes it easier to cut, or at least change, the former. What would such a repeal cost, and how could one pay for it? Read full article >> Meet the Canadian who just became Britain's top central banker Nov 26th 2012, 16:43 In international central banking circles, it counted as a bombshell: The new governor of the Bank of England will be Mark Carney, currently governor of the Bank of Canada. Carney is to take over for Mervyn Kingin June, when King's term ends. Read full article >> SEC chief Mary Schapiro to leave in December Nov 26th 2012, 16:40 Mary L. Schapiro announced on Monday that she will step down as chairman of the Securities and Exchange Commission in mid-December, and President Obama announced that he would designate Elisse Walter, one of the SEC's Democratic commissioners, to replace her. Read full article >> SCOTUS opens door to a new Obamacare challenge Nov 26th 2012, 16:09 It feels a bit like deja vu all over again. The Supreme Court has ordered an appeals court to reopen arguments on the Affordable Care Act's employer mandate and contraceptive coverage provisions, opening a potential path back to the highest court by late 2013. Read full article >> Majorities, not moderates, make legislating easier Nov 26th 2012, 15:50 "Fewer Moderates Make Deals Harder," reads the headline on the Associated Press story. What follows is an accurate summation of a Congress that's growing more polarized yoked to an inaccurate analysis of what it means. "Moderates" don't make legislating easier. Majorities make legislating easier. Read full article >> Entrepreneurship as a path to college Nov 26th 2012, 15:00 As a 14-year-old high school freshman at Maya Angelou Public Charter School's Evans campus in Northeast, Ariel Graves said she was a disinterested student. She was shy, silly and had an anger problem, she wrote in a speech last year. She didn't like extra work. Read full article >> FAQ: Everything you need to know about Obamacare's coverage options, in one post Nov 26th 2012, 14:17 After I wrote a story last week, looking at the health-care law's big public awareness gap, I got a number of comments like this one: "So, since nobody knows what benefits are in the bill, shouldn't you be Reporting' what they are?" That came from Bill A, and it was among at least a dozen asking for a better explanation of how the health-care law changes the insurance marketplace. Read full article >>

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