What is going on in and out of the business world on this, the 14th of July in the year Two Thousand and Eleven? Quite a bit.
A roundup of important and interesting links for your perusal:
Tempers flare at debt talks — CNN.com
At one point, Obama said the political wrangling confirmed what the public considers to be the worst of Washington, according to Democratic sources familiar with the talks who spoke on condition of not being identified.
Multiple sources, also speaking on condition of anonymity, said Obama told the gathering that “this could bring my presidency down,” referring to his pledge to veto any short-term extension of the debt ceiling. Sources say he vowed, “I will not yield on this.”
The exchange concluded almost two hours of talks that failed to achieve a breakthrough.
Bernanke signals Fed has more tools to spur growth — Business Week
The Fed could pledge to keep the main interest rate at a record low and hold its balance sheet at $2.87 trillion for a longer period, Bernanke said yesterday in congressional testimony. It could also buy more bonds, increase the average maturity of its securities holdings or cut the interest rate it pays banks on their reserves, he said.
The dog days of summer have brought with them a lot of whimpering about the stock market. The truth is, things aren’t as bad as they seem. At the risk of having a John Jakob Raskob moment, especially in light of the action this week, here are five reasons to be optimistic about the stock market right now.
With a combined estimated cost of $540 million, the stadiums—one for football’s Bengals, the other for baseball’s Reds—were touted by the teams and county officials as a way to generate cash and jobs. The Bengals, who had threatened to relocate if they didn’t secure a new home, drove negotiations. And it is that deal—the more lucrative arrangement struck with the teams—that has fanned the county’s current struggles.
Another study has been released that finds no link between cellphone use and brain tumor development. The study, which was conducted in Denmark, looked at data from 2.8 million adults who had been using cellphones for at least 11 years.
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