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Consortium Threatens To Pull Plug On Panama Canal Expansion

Thu, 01/02/2014 - 7:43pm

Grupo Unidos por el Canal, made up of Spanish, Italian, Belgian and Panamanian firms, says it will halt work if it doesn't get paid for $1.6 billion in cost overruns in the next three weeks.

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For The Unemployed, Ideas To Help Bridge The Gap To Work

Thu, 01/02/2014 - 5:13pm

More than 1 million people lost their unemployment benefits as 2014 began. Whether or not those benefits get extended, economists say there are ways to change the program that will make it work better. One suggestion is work sharing, which has helped reduce Germany's unemployment.

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The Widening Wealth Gap: Bringing Income Inequality Into Focus

Thu, 01/02/2014 - 3:23pm

The widening gap between the rich and poor in the U.S. has become a central touch point for economists, pundits and politicians across the U.S. New York City's newly sworn-in mayor, Bill deBlasio, was elected after campaigning against a city divided between the haves and have-nots. President Obama has called tackling inequality the defining challenge of our time, saying that growing inequality and a lack of upward mobility jeopardizes the American dream. But what, exactly, is income inequality? Audie Cornish puts that question to Drew DeSilver, a senior writer for the Pew Research Center's Fact Tank blog.

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Cork Versus Screw Cap: Don't Judge A Wine by How It's Sealed

Thu, 01/02/2014 - 2:49pm

Remember screw caps on jugs of wine? These days, many winemakers have wholeheartedly embraced the screw tops — not just for their ease of use, but for the way they seal the wine's taste. Now many consumers are learning to look past the enclosures former downmarket reputation.

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Jobless Claims Were Nearly Unchanged Last Week

Thu, 01/02/2014 - 7:47am

But the fact that 339,000 applications were filed — the fewest in a month — is a hopeful sign. Meanwhile, the most-anticipated news about the labor market each month, on the unemployment rate and job growth, won't be released until Jan. 10.

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How Scarcity Trap Affects Our Thinking, Behavior

Thu, 01/02/2014 - 4:18am

A Harvard economist finds there are psychological connections between the bad financial planning of many poor people and the poor time management of busy professionals. In both cases, he finds the experience of scarcity causes biases in the mind that exacerbate problems.

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Fielder Offers Absurd Marketing Advice On Comedy Central

Thu, 01/02/2014 - 4:17am

On Comedy Central, the reality show Nathan for You features a mild-mannered Canadian giving small-business owners outrageous marketing advice. In one episode, Nathan Fielder tries to get 40 maids to clean one house in six minutes.

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Colorado Begins Sales Of Recreational Marijuana Sales

Thu, 01/02/2014 - 4:17am

The taxes on recreational marijuana sales is 25 percent. Some estimate that tax will generate more than $60 million for the state annually.

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Fiat Pays $4.3 Billion To Get Complete Control Of Chrysler

Thu, 01/02/2014 - 4:17am

The Italian automaker already held a majority share of the Detroit automaker that produces Chrysler, Jeep and Dodge vehicles.

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Given A Second Chance, Convicted Currency Trader Helps Others

Thu, 01/02/2014 - 4:17am

Former currency trader John Rusnack committed one of the largest bank frauds in history. He racked up nine figure losses at Baltimore's Allfirst Bank before he got caught and was sent to prison. Five years later, Rusnack was back on the outside franchising a chain of dry cleaners and hiring people who'd also made big mistakes.

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Fielding Offers Absurd Marketing Advice On Comedy Central

Thu, 01/02/2014 - 4:17am

On Comedy Central, the reality show Nathan for You features a mild-mannered Canadian giving small business owners outrageous marketing advice. In one episode, Nathan Fielding tries to get 40 maids to clean one house in six minutes.

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Why The Cod On Cape Cod Now Comes From Iceland

Thu, 01/02/2014 - 2:56am

Order cod fish in a restaurant on Cape Cod, and you might assume you were buying local. But the fish that gave the Cape its name are now so depleted that restaurants are serving cod imported from Iceland. Some activists think it's time America developed a taste for the less popular fish still present in the waters off the Cape.

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Colorado's Turning Over A New Leaf: Recreational Pot

Wed, 01/01/2014 - 10:41am

As of Wednesday, licensed stores in Colorado can sell recreational marijuana, making it the first state to control and regulate a legal recreational marijuana industry.

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Most Economists Say Happy New Year — Really

Wed, 01/01/2014 - 8:01am

Annual forecasts are brimming with good cheer for 2014: Jobs will come back, stock prices will keep heading higher, and consumer spending will continue to improve, economists predict.

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