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.

Reconciliation Jan 24th 2013, 00:16 Ex-Hells Angels go to business school. A surprisingly touching piece about Google Calendar. Mark Kleiman explains how parole reforms could be a smart way of curbing mass incarceration. There's a forensics team in Arizona whose job it is to identify the dead bodies of migrants in the desert. Read full article >> The most satisfied military employees? Black women. Least satisfied? White men. Jan 23rd 2013, 21:40 The Pentagon's decision to lift the ban on women in combat roles might be more than a boost to gender equality. It might also prove a boon, surprisingly, to women's job satisfaction. With all the risk and sacrifice, the military does not seem like an institution that would top career satisfaction surveys. But a study of 30,000 active-duty personnel, published in the American Sociological Review, showed that women consistently reported higher job satisfaction in the military than male counterparts of the same ethnicity. This trend held true for African Americans, Hispanics and Whites, and is the exact opposite of what sociologists see in the private sector. Read full article >> Lanny Breuer, Justice Department criminal division chief, is stepping down Jan 23rd 2013, 20:23 Lanny A. Breuer is leaving the Justice Department after leading the agency's efforts to clamp down on public corruption and financial fraud at the nation's largest banks, according to several people familiar with the matter. Read full article >> The secret behind Israel's dysfunctional political system Jan 23rd 2013, 19:46 The results of the 19th Knesset elections in Israel are in, and the plurality winner is Likud Beitenu, the electoral alliance between the conservative Likud party and Yisrael Beitenu, a nationalist party popular with Russian immigrants. But Likud Beitenu only has 31 seats out of 120, or 25.8 percent of the Knesset. Read full article >> Here are all the budget deadlines we're facing in the next 3 months Jan 23rd 2013, 19:01 In the fiscal cliff debate, it all came down to a single day: Dec. 31, 2012. The limited deal legislators struck that day means we're now facing a protracted debate strung out over the next three months, with deadlines popping up every few weeks. Some are just politically symbolic; others carry very real and serious consequences. Read full article >> Why the moon landing couldn't have been faked Jan 23rd 2013, 18:34 We probably don't have many (any?) readers who think the moon landing was faked. But this clip below is still pretty fascinating. Photographer and filmmaker S.G. Collins offers up his own elegant explanation for why the video clips of the Apollo moon missions couldn't have been a hoax. Back in 1969, we simply didn't have the video technology necessary to fake what people saw: Read full article >> #Nobudgetnopay is more like #nobudgetdelayedpay Jan 23rd 2013, 17:15 The debt-ceiling bill that House Republicans are expected to pass Wednesday is the first bill I've seen that's being officially sold with a hashtag: #nobudgetnopay. That refers to the provision meant to force Senate Democrats to pass a budget by withholding their pay if they don't. Read full article >> The U.S. economy is slowing down, and 8 other takeaways from the new IMF forecast Jan 23rd 2013, 16:51 Today, the International Monetary Fund, led by its chief economist, Olivier Blanchard, unveiled the latest update to its World Economic Outlook, a regularly amended forecast of growth in major world economies, and the world at large. Here's what you should take away from its findings. Read full article >> Ryan says GOP won't back down on spending cuts Jan 23rd 2013, 16:51 As House Republicans prepared to vote Wednesday on a plan to suspend the debt limit, Budget Committee Chairman Paul Ryan made clear that the party is in no way abandoning its uncompromising approach to the budget battle with President Obama. Read full article >> Want to get rid of the debt ceiling forever? Join the club. Jan 23rd 2013, 16:46 Later today, the House is planning to vote on a bill that will "suspend" the debt ceiling until May 19. That way, the U.S. government will be able to keep borrowing enough money to pay all of its obligations for the next three months. Read full article >> What happened when I asked Paul Ryan why he hates taxes Jan 23rd 2013, 16:41 "Principle and prudence," said Rep. Paul Ryan, chairman of the House Budget Committee, when asked at a Wall Street Journal breakfast about the role of the Republicans after the 2012 election. "We have to exercise our principles in a prudent way with realistic expectations while being reasonable and doing what we think is right. That means our tactics will vary but our strategy will stay the same." Read full article >> Apple misses earnings estimates Jan 23rd 2013, 16:27 Growth in Apple's profits dramatically slowed and sales fell short of Wall Street's expectations, reinforcing concerns among investors that the consumer electronic giant's days of white-hot growth may be over. Read full article >> Austerity bites for unions Jan 23rd 2013, 16:19 Old story, new twist: The Labor Department is out this morning with its annual report on union membership in America, and once again, it shows a year-over-year drop in how many workers belong to labor unions. Read full article >> General Dynamics posts $2.1 billion quarterly loss, citing challenges in technology group Jan 23rd 2013, 15:34 Falls Church-based General Dynamics reported Wednesday that its fourth-quarter earnings plummeted to a loss of $2.1 billion, suggesting that some of the area's top local contractors may be hitting tougher times. Read full article >> Yes, the stock market is booming. No, it isn't a bubble. Jan 23rd 2013, 15:23 One of the biggest trends underlying the strengthening of the U.S. economy has happened so gradually, and with so little discussion, that it was easy to miss. But facts are facts, and while many people didn't notice it, the U.S. stock market has been on an absolute tear, rising back to near its pre-crisis level. Read full article >> IMF: Pace of global economic growth is slowing Jan 23rd 2013, 15:01 The pace of global economic growth is slowing and the major developed nations continue to pose the major threats as they battle with high debt and below-par growth, the International Monetary Fund said Wednesday in its latest world forecast. Read full article >> Everyone hates TARP and the stimulus. Alan Blinder thinks everyone's wrong. Jan 23rd 2013, 14:00 Alan Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at the Princeton Department of Economics, and served both on President Clinton's Council of Economic Advisors (1993-94) and as vice chairman of the Federal Reserve Board of Governors (1994-96). His new book, a history of the financial crisis called After the Music Stopped, is out tomorrow. We talked on the phone Friday; a lightly edited transcript follows. Read full article >> The last hope for filibuster reformers is Mitch McConnell? Jan 23rd 2013, 13:18 "I hope that within the next 24 to 36 hours, we can get something we agree on. If not, we're going to move forward on what I think needs to be done," Senate Majority Leader Harry M. Reid (D-Nev.) told reporters Tuesday afternoon. It's now Wednesday morning. That means we're in the filibuster endgame. And, as Reid tells it, it's all up to his Republican counterpart, Minority Leader Mitch McConnell (Ky.). Read full article >>

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