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Wednesday, December 05, 2012

It's All Politics

Looming Spending Cuts Would Hit Hard All Over

Alan Krueger, chairman of the president's Council of Economic Advisers, warns that consumer spending will drop if Congress and the White House fail to reach a deal on spending cuts and tax increases.

December 5, 2012 If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.

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More Large Retailers Ease Customers' Path To Credit

Home Depot has long offered credit cards, partly to serve customers who have just suffered major house damage. The company has recently widened those efforts. Here, a Tampa, Fla., customer buys a generator and bottled water, preparing for Tropical Storm Isaac's arrival in August.

December 5, 2012 Faced with customers who can't use banks, or want to avoid them altogether, big-box stores like Costco and Wal-Mart are offering access to everything from insurance policies to home mortgages.

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Tuesday, December 04, 2012

Politics

Social Security's COLA At Stake In 'Fiscal Cliff' Talks?

December 4, 2012 The Republican plan to avert the "fiscal cliff" includes a proposal that would change the way inflation is calculated. The change could result in savings of billions, but its getting pushback from Democrats and groups like AARP.

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What's Next For The Daily Deal Business Model?

Despite their recent woes, "daily deal" companies Groupon and Living Social can be profitable, says analyst Arvind Bhatia.

December 4, 2012 Are the days of "daily deal" coupons about to expire? Shares of email coupon company Groupon are down nearly 80 percent since going public last year. And its smaller rival, Living Social, plans to lay off as many as 400 employees, after reporting a net loss of more than $560 million in the third quarter.

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Friday, November 30, 2012

It's All Politics

Raising Taxes On The Rich: Canny Or Counterproductive?

Sen. Charles Schumer, D-N.Y. (right), shown at a news conference Thursday on Capitol Hill with Senate Majority Leader Harry Reid, is arguing for raising taxes on the wealthy as part of a deal to avoid the fiscal cliff.

November 30, 2012 Increasing tax rates for the well-off has become a sticking point in negotiations over avoiding the combination of tax hikes and spending cuts scheduled to take effect Jan. 1. Business experts disagree about how much of an effect it would have on economic growth.

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Thursday, November 29, 2012

Business

A Bet Or A Prediction? Intrade's Purpose Is Debated

Ireland-based Intrade lets users bet money on all manner of predictions — like if a particular film will win an Oscar. The site is ceasing operations in the U.S.

November 29, 2012 The "prediction market" site Intrade's decision to close in the U.S. highlights how the company exists in a regulatory gray area, somewhere between trading and betting. Intrade says it hopes to operate legally in the U.S. eventually. In the meantime, American users must close their accounts by year's end.

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It's All Politics

Why Dividends, Capital Gains Are Big Part Of Fiscal Cliff Talks

November 29, 2012 The tax code has long favored investment income over the money you get in your paycheck. But today's rates on dividends and capital gains are especially low, dating to tax cuts installed under President George W. Bush. And they're one target in the talks to avert a so-called fiscal cliff.

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Wednesday, November 28, 2012
Tuesday, November 27, 2012

Companies That Were 'Naughty And Nice' In 2012

The no-questions-asked return policy of the Kohl's department store chain helped it win a spot on the "Naughty and Nice" list compiled by Consumer Reports.

November 27, 2012 For holiday shoppers, retailers' approach to fees, returns and other practices can bring praise or anger. And when customers rant or rave, Consumer Reports takes note — and compiles them into its annual "Naughty and Nice" list of companies.

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Monday, November 26, 2012

Business

A Jolly Christmas? Retailers Count The Extra Days

Shoppers line up in a Best Buy store in Rockville, Md., during a Black Friday sale. Thanksgiving weekend sales jumped nearly 13 percent from last year, the National Retail Federation says.

November 26, 2012 Thanksgiving weekend spending shot up nearly 13 percent from last year, and there's more time between Thanksgiving and Christmas this year for people to shop. And if a deal to avoid the fiscal cliff comes just before Christmas, as some expect, it could brighten the economic mood of last-minute shoppers.

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U.S.

'Giving Tuesday': The Start Of A Holiday Tradition?

November 26, 2012 A coalition of more than 1,400 charities is launching Giving Tuesday to jump-start end-of-year giving. They're taking off on Black Friday and Cyber Monday to motivate donors at a time when the outlook for giving remains lackluster.

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Saturday, November 24, 2012

Business

Shopping? Small Retailers Want Your Business, Too

A flag urges customers to shop locally near a store in Boalsburg, Pa., on Friday. Owners of small stores hope to get a boost from Small Business Saturday.

November 24, 2012 The idea behind Small Business Saturday is to direct consumers to mom-and-pop stores that probably didn't get swamped by the Black Friday bonanza. These small businesses might not have the best deal on a TV, but experts say they are an important factor in overall economic recovery.

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