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Monday, January 7, 2013

Business Beast - Is the ‘Conservative Recovery’ Finally Over?

Business Beast

The Daily Beast
January 07

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Business Beast
5 hot reads on business news and views
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1
Good News
Is the ‘Conservative Recovery’ Over?
Public-sector job losses have been dragging down the recovery for years. But there are new signs that the bloodletting is easing up at the state and local levels. Daniel Gross reports on a positive trend for 2013.
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2
In Newsweek
Eunuchs of the Universe
Twenty-five years after ‘Bonfire of the Vanities,’ Tom Wolfe offers a searing indictment of how finance went wrong.
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4
DEALS
Al Jazeera Bought Current? Meh
Isn’t foreign direct investment as American as apple pie? Daniel Gross on why those who don’t like the deal should just change the channel.
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Fannie Mae has a little more than $10 billion coming its way, as Bank of America has agreed to pay the mortgage firm for any unsettled claims from the housing-market crash.

READ IT NOW ›

5
Worth a Look
The Week’s Best Biz Reads
Obama’s former chief economist calls Paul Volcker a hero, and America’s banks are still entirely mysterious—even to the most sophisticated investors.
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3
Retail
Hobby Lobby’s Birth-Control Battle
The evangelical-owned craft chain is defying Affordable Care Act regulations on emergency-contraception coverage, risking millions in fines. David Sessions reports.
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10 Things to Freak Out About in 2013
The History of Nintendo In Two Minutes

In response to Is Government Finally Hiring?:

when we equate higher federal employment with recovery we have truly fallen off the left end of the table

—TonyHines

In response to Eunuchs of the Universe:

Eviscerating and most penetrating explanation of why individual investors have left the stock market in droves.

—Littlemisssunshine

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