Marketplace Morning Report for Thursday, December 27, 2012
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The president is back in Washington today to deal with the fiscal cliff. A long-term deal is unlikely at this late date, but the hope is lawmakers can find a stopgap solution to prevent higher taxes and big spending cuts. How does the general public feel about the situation? Fresh numbers on new home sales come out later this morning. Lately they've risen to levels not seen since 2010. And in Baltimore, a holiday icon may shine no more.
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Toyota announces a big settlement, the EPA will have a new director, and we all keep waiting for the inevitable fiscal cliff on the horizon.
Posted In: fiscal cliff
For weeks now the major indexes have jumped on days when a fiscal cliff deal seemed possible. What might investors realistically hope for at this point as the deadline draws near?
Posted In: Britain, Science
The British government is plowing more public money into a miracle new substance. Graphene is said to be the lightest, thinnest and strongest material known to man. It was developed in Britain and could revolutionize high-tech manufacturing.
Posted In: Baltimore, holidays
In Baltimore, a five-pointed star lit by dozens of light bulbs shines over a mill once operated by Bethlehem Steel. The star has been a holiday fixture for decades, but it will likely be extinguished for good once the holidays are over.
Posted In: Housing, home sales, construction
Many of the new homes being sold now were planned years ago. Finally demand has returned, in part because first-time buyers are being outbid by investors for bargain foreclosure sales.