The world is supposed to end today if you believe the Mayan prophecy is true. The Mayan ghosts must have been haunting the House chamber last night as Speaker Boehner was forced by recalcitrant Tea Party Republicans to pull...
Read more »Heading Over the Cliff: The Options Now
An employee inspects a sample of pills at a Sanofi-Aventis SA factory in Compiegne, France, on Friday, Oct. 8, 2010. Sanofi-Aventis SA's three-month effort to acquire Genzyme Corp. took a more contentious turn as the companies' chief executive officers offered conflicting accounts of their face-to-face meeting last month. Photographer: Antoine Antoniol/Bloomberg
Drugmakers’ Paranoia May Be Due to Politicians Chasing Them
Drugmakers made $80 billion in concessions as part of passage of the Affordable Care Act. Politicians may be coming back for now as part of deficit reduction.
Read more »Erratic Progress Toward a Deficit Deal
President Obama and House Speaker Boehner are close to a deficit-reduction deal. The gaps are narrow enough to be bridgeable with a willingness to compromise.
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Source: AeroVironment via Bloomberg
Defense Department Spots Another Technology Winner
The Defense Department's use of unmanned aerial systems in Iraq and Afghanistan has got the attention of the private sector. The FAA estimates about 10,000 drones will be in U.S. skies by 2017.
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Kevin White/Bloomberg
Medicaid, Once Ignored, Finally Gets Some Respect
Medicaid, the federal health program for the poor, has gone from being ignored to being politically untouchable.
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Kevin White/Bloomberg
Technically Speaking, Medicare is a Ginormous Budget Problem
The government has options to meet the cost of Medicare but all of them include choices that may be fiscally or politically unacceptable.
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