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Dec 1, 2012

NYT Breaking News -November 1, 2012-.: Special Report: As Companies Seek Tax Deals, Governments Pay High Price

Breaking News
The New York Times
Saturday, December 1, 2012
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As Companies Seek Tax Deals, Governments Pay High Price

A New York Times investigation into the incentives that governments offer businesses has found that states, cities and counties are giving up more than $80 billion a year to attract or keep the companies and the jobs that they provide. The beneficiaries come from virtually every corner of the corporate world, encompassing oil and coal conglomerates, technology and entertainment companies, banks and big-box retail chains.

But the cost of the awards is certainly far higher. A full accounting, The Times discovered, is not possible because the incentives are granted by thousands of government agencies and officials, and many do not know the value of all their awards. Nor do they know if the money was worth it because they rarely track how many jobs are created. Even where officials do track incentives, they acknowledge that it is impossible to know whether the jobs would have been created without the aid.

Read More:
http://www.nytimes.com/2012/12/02/us/how-local-taxpayers-bankroll-corporations.html?emc=na

Copyright 2012 The New York Times Company

NYT Today's Headlines -December 1, 2012-: Housing Move in Israel Seen as Setback for a Two-State Plan

The New York Times
December 1, 2012

Today's Headlines



TOP NEWS

Housing Move in Israel Seen as Setback for a Two-State Plan

By JODI RUDOREN and MARK LANDLER
Two settlement actions seemed timed to punish the Palestinians for securing upgraded status at the United Nations, and appeared to show that hard-liners had prevailed in the debate over a response.

A Hospital War Reflects a Bind for Doctors in the U.S.

By JULIE CRESWELL and REED ABELSON
With fewer providers competing aggressively for health care business, doctors who sell their practices are feeling pressed to meet financial targets.

Young Immigrants Say It's Obama's Time to Act

By JULIA PRESTON
A group that had worked effectively but largely under the radar to advance the prospects of undocumented youths learns to be more comfortable in the spotlight.
QUOTATION OF THE DAY
"People are not going to hug the president right now. They are waiting for him to take some action."
CARLOS SAAVEDRA, national coordinator of United We Dream, on a rejuvenated push for among the young for immigration reform.

World

Multimedia Feature: Challenges in Defining an Israeli-Palestinian Border

There are major hurdles in drawing borders between Israel and a future Palestine.
Opinion
Op-Ed Contributor

The Monster of Monticello

The ugly truth about our slave-owning third president.
POLITICS

In Latest Campaign, Obama Takes Deficit Battle to the Public

By PETER BAKER and JONATHAN WEISMAN
Visiting a toy factory in Hatfield, Pa., President Obama used a campaign tactic to turn up the heat on Republicans as he promotes his tax plan.

House Votes to Ease Visa Limits for Some Foreign Workers

By JEREMY W. PETERS
A measure that passed with mostly Republican support - many Democrats found it too narrow - previewed a fight over how far Congress should go in changing immigration laws.

Senate Votes to Curb Indefinite Detention

By CHARLIE SAVAGE
Senators voted to prohibit the government from imprisoning American citizens and green card holders apprehended in the United States in indefinite detention without trial.
BUSINESS

Solar Industry Borrows a Page, and a Party, From Tupperware

By DIANE CARDWELL
Solar parties, like Tupperware parties, are being used by solar companies to sell their products to neighbors of homeowners who have installed the arrays.

Retail Frenzy: Prices on the Web Change Hourly

By STEPHANIE CLIFFORD
Retail price wars online have entered a new era of speed and precision, creating a confusing landscape for shoppers in which prices leap and plummet on short notice.

Small Employers Weigh Impact of Providing Health Insurance

By REED ABELSON and STEVEN GREENHOUSE
Businesses like restaurants and hotels that rely heavily on low-income workers are trying to decide how to change their business models for the new health care law.
EDITORIALS
Editorial

Measured Approach to the Syrian Crisis

It is necessary to look for ways to raise the pressure on President Bashar al-Assad and encourage a stable postwar Syria without arming the rebels.
Editorial

What's Missing in the Latest Greek Bailout

The deal offers temporary debt relief, but no way forward for a shrinking economy.
Editorial

Ultimate Culpability for a Mine Disaster

Federal prosecutors are wise to pursue the path of corporate responsibility in their investigation of the West Virginia mine disaster.
ON THIS DAY
On Dec. 1, 1959, representatives of 12 countries, including the United States, signed a treaty in Washington setting aside Antarctica as a scientific preserve, free from military activity.

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS -December 1, 2012-: Consumer Spending Reported Down 0.2% in October

Alert Name: FGC BOLSA- FGC FIN
December 1, 2012 Compiled: 12:27 AM

Consumer spending dropped 0.2 percent in October, the government said, down from an increase of 0.8 percent in September and the weakest showing since May.

Economists say the talk in Washington of raising additional tax revenue and cutting spending would most likely depress growth in the short term.