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Senate rejects Warren Buffett tax rule

Apr 17, 2012
The Senate yesterday rejected the so-called Warren Buffett Rule, a minimum tax on millionaires. It was a mostly party-line vote: Democrats saying "aye," Republicans "nay."
Posted In: Taxes, Buffett Rule, Senate

Housing starts drop, a crackdown on oil price manipulation

Apr 17, 2012
There was an unexpected drop last month in housing starts. Meanwhile, President Obama has plans to crack down on those who manipulate oil prices.
Posted In: Oil, Housing

PODCAST: Obama cracks down on manipulation, Coca-Cola sells more bottles

Apr 17, 2012
You have until midnight tonight to file your taxes with the IRS. And if you're thinking about deducting a phony business lunch or padding your mileage -- you're not alone. Speaking of the IRS, it wants to require U.S. banks to report the interest payments they make to wealthy foreigners. That's creating some trouble down on the Mexican border where banks are worried about losing customers. Yesterday, Argentina announced plans to take back its oil industry from a Spanish company. And the disease known as "citrus greening" that has ravaged orange and other crops in Florida for the past seven years has been spotted in California.

President Obama targets oil price manipulators

Apr 17, 2012
President Obama announced a new crackdown on illegal manipulation of oil prices by traders. He's asking for stronger regulations, bigger penalties for violators and more cops on the regulatory beat.
Posted In: Barack Obama, Oil

Housing construction down, housing permits are up

Apr 17, 2012
What's going on with the housing market? Susan Wachter, who teaches real estate at The Wharton School of the University of Pennsylvania, explains.
Posted In: Housing, construction

Fund for U.S. exporters gets Tea Party scrutiny

Apr 17, 2012
The Senate Banking Committee will decide whether to reauthorize the Export-Import Bank, which supports U.S. jobs through exports. But small government advocates say it's time to rethink the program.
Posted In: import export

Shadow banking: Still a threat

Apr 16, 2012
Shadow banking has grown since the financial crisis. Sr. Producer Paddy Hirsch casts a light on the system and explains why it's so dangerous.
Posted In: shadow banking, Banks, banking

Second month of positive signs in retail

Apr 16, 2012
The Commerce Department reports retail sales rose more than expected in March, by a solid 0.8 percent.
Posted In: spain, commerce, Retail

PODCAST: Home and garden sales up, China lets in the markets

Apr 16, 2012
Tax procrastinators can breathe easy as this year's deadline is tomorrow, April 17th. But many people across the country should be expecting a smaller refund than usual this time around. 'The Hunger Games' tops the box office for the fourth week in a row, but can it really be the next 'Avatar?' Oracle and Google face-off today in Federal Court over claims that Google's Android system is infringing on patent and copyrights on Oracle's technology.

PODCAST: GDP growth slips in China, political ads added to public radio

Apr 13, 2012
The last three months in China were the worst for the country's economic growth since early 2009 -- so what's going wrong? In St. Louis, the Stand Your Ground Law is coming under the spotlight, as the National Rifle Association holds its annual convention. We talk to L.A. Times consumer columnist David Lazarus about what to do when you are caught in an emergency at work. And where in the world should a savvy investor be looking to put their money this year?

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