The business community helped elect some Tea Party Republicans to Congress -- and they weren't happy with the shutdown and debt ceiling fight. The British government is trying to prohibit The Wall Street Journal from publishing the names of trades implicated in the LIBOR scandal. And, China's GDP is growing as leaders look to make economic reforms.
The aftermath of the debt ceiling debacle: consumer confidence is shaken, companies aren't spending, interest rates will rise, the nation's credit rating is in jeopardy, and GDP growth takes a hit. Is Google’s strong-arming of advertisers to buy ads across multiple platforms paying off? And, in November, the Supreme Court will hear arguments in a case that hinges on the definition of clothing.
The deadline to raise the debt ceiling is less than 24 hours away. Toy analysts say Mattel's core brands and its progress in high-tech toys have helped it do better than some other toymakers. And, in Camden, New Jersey, one non-profit is using real-time hospital data to help locate people eligible for Obamacare.
Whether or not Congress raises the debt ceiling in time, we may be headed for another economic slowdown. As Iran prepares for nuclear talks in Geneva, the current international sanctions still impact everyday life in Iran. And, United debuts an in-flight magazine, titled Rhapsody, for high-end and business travelers.
A weak start on Wall Street today as the federal budget and the future of federal borrowing remain unresolved. Three Americans win the Nobel Prize in Economics. And, Medicare enrollment is already confusing enough. The new health care exchanges will only make it more so. And that could end up being costly for taxpayers.
Trying to figure out economic data without official government statistics. Employers can give employees bigger discounts on health care if they participate in wellness programs. But what if instead of gym memberships, those programs handed out devices that tracked your every step? And, Ben Bernanke completes his term in January. Help us send him off!