Originally published on Fri December 21, 2012 10:14 am
On this morning after he couldn't get fellow Republicans to support his "Plan B" for avoiding the year end "fiscal cliff" of automatic tax increases and spending cuts, House Speaker John Boehner took some questions from reporters.
We listened in and posted updates. Hit your "refresh" button to see our latest additions:
-- Update at 10:12 a.m. ET. House Will Come Back "If We're Needed":
In light of last Friday's mass shooting at Sandy Hook Elementary School, all explanations and ruminations for why Adam Lanza opened fire are on the cable-news pundits' table. Was it the lack of gun control? Untreated mental illness? Or was it an Aurora-style pop-culture revenge fantasy writ large? Did Hollywood's culture of raging, gun-slinging entertainment help fuel the mayhem? Nobody knows the shooter's motive, and yet the conversation and pontification remains incessant and unabated.
Originally published on Fri December 21, 2012 9:45 am
Good morning! If you can read this, then we offer our congratulations on surviving the Mayan Apocalypse!
You've evidently made it through the initial cataclysm caused by the collision of Earth with an unknown comet, a massive solar storm, a burst of radiation from the center of the galaxy, the mysterious Planet X (aka Nibiru), or some other catastrophe that scientists assured us wouldn't happen.
There are two positive economic signals to pass along this morning:
-- The Census Bureau says orders for durable goods rose 0.7 percent in November from October. That follows a 1.1 percent rise in October from September and is the sixth increase in the past seven months.
Originally published on Fri December 21, 2012 9:25 am
House Speaker John Boehner's "major defeat" Thursday night — when he had to pull his "Plan B" to extend Bush-era tax cuts for nearly all American taxpayers because he couldn't get enough support from his fellow Republicans — means negotiations about avoiding the so-called fiscal cliff remain at an impasse.
Originally published on Fri December 21, 2012 9:38 am
Update at 9:36 a.m. ET: In Newtown and across the nation, bells rang starting at 9:30 a.m. ET, to honor the 20 children and six adults killed one week ago at Sandy Hook Elementary School in Newtown, Conn. And on the Web, it appears many did take part in #MomentForSandyHook — judging from the sharp slowdown in our Twitter feed.
If you're running out of time for holiday shopping and you can't stand to buy another gift card, there's still hope.
Over the last few holiday shopping seasons, I've become something of a specialist in hunting down specific DVD and Blu-ray sets that will most appeal to friends and family on my list. I usually have a pretty good inkling of these things: My sister gets the art-house movies. My uncle gets the old-school sitcoms. My nephew gets anything that involves baseball, superheroes and/or ice road truckers (don't ask).
It's high season for pie-making. And when we came upon this touching story about a bunch of women gathering to bake fresh apple pies for the people of Newtown, Conn., it warmed our hearts here at The Salt. Truly.
Nobody really wants to think about economics, the famously dismal science, while sitting down at a table loaded with love and calories. Like it or not, though, supply and demand drive food production and set the price of dinner.
So, in a season of feasts, what are the business stories on your holiday menu?
Have you noticed, perhaps, that some of your store-bought salad dressings or spaghetti sauces taste a little less salty lately?
Probably not. The companies that make those products are doing their best to keep you from noticing. Yet many of them are, in fact, carrying out a giant salt-reduction experiment, either because they want to improve their customers' health or because they're worried that if they don't, the government might impose regulations that would compel more onerous salt reductions.