If you have difficulty viewing this newsletter, click here to view as a Web page. Click here to view in plain text. |  | Sunday, March 4, 2012 | Business Can the shale gas boom save Ohio? The help-wanted sign is out in Canton, Ohio, for Chesapeake Energy. The company that has led the charge in shale gas drilling is looking for truck drivers with licenses for hazardous materials, a purchasing coordinator for oil field equipment, a pipeline technician, a field safety coordinator, administrative assistants, troubleshooting electricians, a tax analyst and more. Read full article >> (Steven Mufson) BP moves closer to containing financial damage from oil spill BP's settlement deal Friday night puts the oil company one giant step closer to containing the gusher of damage claims that arose from the massive Gulf of Mexico oil spill. But BP still faces one major hurdle: the federal government. Read full article >> (Steven Mufson) Signs the economy has shifted in the right direction In case you haven't noticed, the economy is actually getting better. Noticeably better. Yes, it's been painfully slow in coming, as we continue to tack against strong headwinds coming from Europe and the Middle East as well as the strong ebb tide created by the wind-down of fiscal stimulus. And certainly the recovery has been halting and uneven. Read full article >> (Steven Pearlstein) With smaller Wall Street bonuses, one-percenters say they feel the pinch Andrew Schiff was sitting in traffic in California after giving a speech on gold at an investment conference. He turned off the satellite radio, got out of the car and screamed a profanity. "I'm not Zen at all, and when I'm freaking out about the situation, where I'm stuck like a rat in a trap on a highway with no way to get out, it's very hard," said Schiff, director of marketing for broker-dealer Euro Pacific Capital. Read full article >> (Max Abelson) Nomura Holdings vows to stay course despite lingering Lehman Brothers hangover At 8 a.m. on Jan. 10, Takumi Shibata, chief operating officer of Nomura Holdings, walked into the firm's London boardroom overlooking the Thames to try to salvage the 2008 acquisition of the European and Asian units of bankrupt Lehman Brothers. Read full article >> (Stephanie Baker, and Takahiko Hyuga) More Business Economy In Virginia, swing voters unmoved by November election choices The voters on the single, long, twisting block of Deerwatch Drive in western Fairfax County are almost never wrong. Since their Walney Village development was built in 1999, their neighborhood just south of Dulles airport has picked almost all winners, regardless of political party. Read full article >> (Marc Fisher) Why are novelists wary of writing about Wall Street? British writer John Lanchester, who recently wrote a best-selling novel about the economic crisis, explains why writers of literary fiction are reluctant to write about high finance: The third and final reason why the literary [sic] is wary of the financial concerns [is] complexity. ... In order to put the full complexity of these worlds into a story, you would have to explain complicated subjects, and give the explanation however much time and space it needs. But you can't explain in fiction, not like that and not at that necessary length... explanations break fiction. It's fine in small doses, as a dollop of rationale before the main course of drama, but anything longer and the reader wakes hours later to the familiar clanking noise of the milkman delivering bottles to the front door... Read full article >> (Suzy Khimm) Snobbery pays Tyler Cowen on "the college premium": The numbers show a conflicted yet striking pattern. Real earnings for men, 25 to 34, with bachelor's degrees are down 19 percent since 2000, and for female college graduates of that age they are down 16 percent since 2003. Read full article >> (Ezra Klein) Why an MRI costs $1,080 in America and $280 in France View full graphic There is a simple reason health care in the United States costs more than it does anywhere else: The prices are higher. That may sound obvious. But it is, in fact, key to understanding one of the most pressing problems facing our economy. In 2009, Americans spent $7,960 per person on health care. Our neighbors in Canada spent $4,808. The Germans spent $4,218. The French, $3,978. If we had the per-person costs of any of those countries, America's deficits would vanish. Workers would have much more money in their pockets. Our economy would grow more quickly, as our exports would be more competitive. Read full article >> (Ezra Klein) More Economy TODAY'S ... Comics | Crosswords | Sudoku | Horoscopes | Movie Showtimes | TV Listings | Carolyn Hax | Tom Toles | Ann Telnaes | Traffic & Commuting | Weather | Markets |
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