Originally published on Wed February 6, 2013 7:02 am
(We updated the top of this post at 1:30 p.m. ET.)
Looking to head off deep, automatic spending cuts set to kick in on March 1, President Obama on Tuesday afternoon said that to avoid the negative economic effects that come with "political disfunction," Congress should move quickly to pass "a smaller package of spending cuts and tax reforms" that won't hurt the economy.
Originally published on Tue February 5, 2013 12:39 pm
If you're investing to protect yourself from something that may happen 20 or 30 years down the road, you'd like to be confident that your plan will keep pace with the times.
That's a calculation purchasers of long-term care insurance have to make. But a provision in those policies that people rely on to help ensure their coverage will meet their needs decades hence may fall short.
Originally published on Tue February 5, 2013 12:56 pm
"Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft," The Associated Press writes, in "the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this."
The wire service adds that "the complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock. ... Founder Michael Dell will remain the company's CEO and largest shareholder."
Originally published on Tue February 5, 2013 2:56 pm
Politics is filled with thankless jobs.
It's the nature of the business that plenty of people have to work for highly demanding egomaniacs. Among elected officials, few relish having to spend big chunks of their time asking other people for money, one of the essential chores.
There are certain jobs, however, that appear from the outside to be so hopeless that you wonder why anyone agreed to take them on.