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Friday, February 01, 2013

It's All Politics

Why Steven Chu Was One Of Obama's Most Intriguing Choices

Energy Secretary Steven Chu tours the Vogtle nuclear power plant in Waynesboro, Ga., last year.

February 1, 2013 Of all the individuals in President Obama's first-term Cabinet, Energy Secretary Steven Chu was arguably the least likely to be found in official Washington. And now that the Nobel Prize-winning physicist is leaving government, there are a few reasons that understanding his legacy might take some time.

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The Two-Way

Dow Breaks 14,000 For First Time Since 2007

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.

February 1, 2013 The closing number marks the first time the stock market measure has broken that barrier at the end of the trading day since October 2007.

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Economy

Pentagon Remains Big Target In Likely Budget Cuts

The winding down of the war in Afghanistan and efforts to slice the budget deficit will likely mean more spending cuts for the Pentagon.

February 1, 2013 Although a fiscal cliff was narrowly prevented at the beginning at the year, there's another budget deadline approaching. If Congress doesn't act, billions in automatic budget cuts will slice military spending, possibly hurting contractors and some personnel.

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The Salt

Where's The Beef? Burger King Finds Horsemeat In Its U.K. Patties

Signs point to tourist destinations outside a Burger King in London.

February 1, 2013 The fast food giant said this week that some of its burgers in Britain and Ireland were found to contain horsemeat. That's prompted a Twitter campaign and threats of a boycott.

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Media

For Super Bowl Ads, More Social-Media Savvy

Jimmy Cliff in a Volkswagen "Get Happy" commercial.

February 1, 2013 For years, Super Bowl ads have gone viral after they've aired. But these days brands like Doritos and Volkswagen are turning to social media to crowdsource ad creation — and to boost the buzz long before the big Sunday kickoff.

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Pennsylvania Outdoor Sports Show Caught In Gun Debate Cross Hairs

Gun rights advocates demonstrate at the capitol in Harrisburg, Pa., on Wednesday as vendors pulled out of the city's Eastern Sports and Outdoor Show. Vendors were upset that the organizers of the event banned the sale and display of certain types of guns.

February 1, 2013 WITFThe fight over the Second Amendment could cost Pennsylvania businesses more than $40 million in lost revenue thanks to the postponement of one of the nation's largest hunting and fishing shows. Event organizers had banned the display of legal assault weapons, leading several vendors to boycott it.

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The Two-Way

Taxi! Chinese Company Finds Fair Deal In London Cab Maker

Black taxis drive down The Mall in London. A Chinese company rescued the British automaker that manufactures the famous cabs.

February 1, 2013 The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.

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Jobs Still Lag, But Homebuilding May Soon Help

A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing  heats up.

February 1, 2013 The economy shrank slightly at the end of 2012, and the unemployment rate ticked up in January. But this spring's data could look much brighter if the housing market continues to heat up as expected. That's because the sector supports a variety of jobs, ranging from bricklayers to appliance manufacturers.

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The Salt

A Quest For Real Beer, Without The Gluten

More and more gluten-free beers are entering the marketplace. We asked a librarian with celiac disease for her list of favorites.

February 1, 2013 Malted wheat and barley add flavor and heft to most beers, but they also contain gluten, making beer off limits for people with celiac disease and gluten sensitivity. For those looking for gluten-free options for Super Bowl Sunday and beyond, good news: There are more choices than ever before for flavorful, full-bodied gluten-free beer.

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Planet Money

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report

Help Wanted

February 1, 2013 Nobody knows exactly how many jobs the economy added (or lost) last month. Here's how to make an educated guess.

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The Two-Way

Wacky Super Bowl Ads Are Already Getting Serious Play

The Volkswagen Super Bowl 2013 commercial is among the ads that already surfaced on social media. Some critics say its racial tone is demeaning.

February 1, 2013 Spoiler alert: A few Super Bowl commercials have launched on social media well before Sunday's big game. Ad industry watchers say the multi-million-dollar spots are meant to be entertaining, but a few of the ads are already controversial.

Summary

The Two-Way

Though Jobless Rate Stays Stuck, Job Growth Looks Much Stronger

Job seekers came to the ThistleDown Racino and Horseshoe Casino in Warrensvile Hts., Ohio, last month.

February 1, 2013 The jobless rate was 7.9 percent vs. 7.8 percent in December. But new data show job growth has been better than first thought and ended 2012 on a strong note. Overall, it's estimated that several hundred thousand more jobs were created in 2011 and 2012 than previously thought.

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From The Opinion Pages

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