Retailers hope shoppers spend some money this week as the holiday season has, so far, fallen short of expectations. A number of smaller issues are tied up in the fiscal cliff debate, and among them is a tax credit for wind power. If it expires at the end of the year, the budding industry might go bust. And, the unusual history of the borrowing limit that keeps coming back to haunt our politics.
A tax credit expires at the end of December. To earn it, wind farm operators have to have their turbines up, running and plugged in.
Raising the Debt Ceiling
History reveals a controversial task for the debt limit that goes all the way back to World War I.
Medical device makers say the 2.3 percent tax on sales due to start in January will cost jobs. The levy is part of the Obama health care program.
Beginning in January 2014, the Indonesian government will roll out a national health care scheme to cover each and every one of its 240 million citizens.
BBC World Service
The world's longest high speed rail link opens in China.
Hurricane Sandy, the threat of the fiscal cliff, and the election may have all contributed to a disappointing holiday shopping season.
The Wall Street Journal is reporting that the Obama administration is eying new relief for underwater homeowners. Who stands to gain from the program?
Twas the day after Christmas, and a big credit card company says we were not spending enough -- go figure. Plus a plan to help more folks who are underwater on their mortgages. And a single-payer healthcare system is on its way to Indonesia.