Marketplace Morning Report for Friday, December 14, 2012
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A new report from the Pew Center on the States points out some pitfalls of tax incentives for businesses. The report says states don’t realize how much the incentives will eventually cost them. Throughout the fiscal cliff debate, you've probably heard a certain metaphor that compares the nation to a household. But that comparison bothers one of the nation's leading economists. And there's a new law in effect called the CALM Act, and it means that TV commercials now have to be the same volume as the programming they interrupt.
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The U.S. has advocated policy backed by major tech players like Google -- that Internet regulation needs a light touch, if any.
U.S. Inflation: Wrapped up tight -- with a bow on top. We'll talk falling consumer prices, and find out why the US and its allies want nothing to do with a new international treaty to regulate the Internet. We'll also hit on the long-lost proposal to call up a U.S. National Guard of Geeks, and get the story behind what I think is one of the best company names I've ever heard: Jewpon.
Posted In: consumer prices
Turns out consumers got an early gift for the holidays last month. The Labor Department reported this morning that its Consumer Price Index dropped 0.3 percent in November. So, inflation is well under control. That’s good news for the Federal Reserve.
Posted In: Hurricane Sandy, technology, natural disasters
On Monday, Congress takes up a $60 billion recovery package for areas affected by Superstorm Sandy. When the lights went out and the floodwaters moved in, people needed food and sandbags, sure -- but they also needed information and connectivity.
Posted In: Housing, fiscal cliff, federal budget
Throughout the debate about the deficits and debt, you've probably heard a certain metaphor: One that compares the nation to a household. Well, that metaphor bothers one of the nation's leading economists, Robert Shiller of Yale University.