Mid-day Update

One year after Hurricane Sandy, a Staten Island neighborhood is lost forever. And, India wants more foreign banks to lend in rural areas. But will the new rules appeal to the banks?

A little good news on the economic front. Maybe. Maybe? No matter how many handsets Samsung sells, Apple may always dominate the conversation. And, the number of Vermont microbreweries has doubled in the last five years. There are now 32 craft breweries, and several more are being planned.

Amazon is looking to grow and dominate, and is willing to sink billions into risky ventures like its streaming video service. New rules will require brokers to disclose signing bonuses. And, the price of natural gas so cheap, manufacturing is coming back to America.

The SEC considers rules for allowing companies to raise money online. The city of Detroit tells a judge it can't pay for the $18 billion in long-term liabilities it has accumulated.

The Bureau of Labor Statistics reports that the economy added 148,000 jobs last month. The unemployment rate fell to 7.2 percent. And, new exposé in The Huffington Post describes startling allegations of abuse and neglect at for-profit juvenile prisons.

Delayed figures on unemployment are expected to hold steady. Diddy launches music TV network for millennials. And, Brazil convenes a committee to monitor prices and service ahead of next year’s World Cup to head off price gouging. But for retailers, there’s a fine line between appropriately responding to increased demand and taking advantage.

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.