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If Congress doesn't avoid 'dairy cliff,' milk prices could double Dec 28th 2012, 01:14 Add another, more prosaic item to the list of things Congress has left until the last minute to resolve this year: the price of milk. Distracted by dealing with the Bush tax cuts, lawmakers are running out of time to pass the latest version of the country's sweeping farm bill and avoid what's become known as the "dairy cliff." If Congress misses the Jan. 1 deadline, the price of milk could rise significantly — some say by more than $3 a gallon — as the country's farm policy reverts back to laws dating from 1949. Read full article >>  | 2012: The Year in Graphs Dec 27th 2012, 16:12 As 2012 draws to a close, Wonkblog asked our favorite professional wonks — economists, political scientist, politicians and more — to see what graphs and charts they felt did the best job explaining the past year. Here are their nominees. Read full article >> | Year in graphs and gifs Dec 27th 2012, 15:57 What happened Everybody got reelected: Barack Obama got reelected by a healthy 3.7 percent margin, winning the electoral college 332-206. That's both what polling-based modelers like Drew Linzer, Nate Silver, Simon Jackson, and Sam Wang predicted at the time: Read full article >>  | Mortgage rates for the year at lowest rate since 1947 Dec 27th 2012, 15:00 Mortgage rates, which took some dramatic dips in 2012, were among the lowest on record this year, according to data released by Freddie Mac on Thursday. The 30-year fixed-rate average dropped to 3.35 percent, down 0.7 from the week before. It is substantially lower than the 3.95 percent level it reached during the final week of 2011. Read full article >> | |
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