Ed Fennessy

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Google just granted itself the right to use your name and photo in its online ads

Google just got a tad creepier.<p>Thanks to tweaks made to its terms of service today, Google will be able to use its users’ names and photos in select advertising beginning next month (November 11). The updated terms of service, first noticed by The New York Times, specifically allow for the company …

McDonald's

The Rise Of Social Commerce, And How It Will Completely Transform The Way We Shop On The Internet

Social commerce is all about inspiration and product discovery. Sites like Pinterest, Wanelo, OpenSky, and others are more like digital catalogs or virtual malls where shoppers can browse and connect with people interested in the same products and brands. But entrepreneurs and retailers are anxious …

eCommerce

As Obamacare Looms, Insurers Look Beyond Fee-For

The nation’s largest health plans say they are rapidly moving toward transparency and away from paying doctors and hospitals on a fee-for-service basis, four insurance executives said this morning at Forbes Healthcare Summit 2013.<p>UnitedHealth Group (UNH), Humana (HUM) and several Blue Cross and …

IMF eyes tax potential of the world's super-rich

US budget crisis should not deflect attention from the fact the rich need to help economies balance the books, writes Larry Elliott<p>It was impossible to find anybody at last week's meeting of the International Monetary Fund willing to believe that the US will actually default on its debts. The …

This One Line From A Goldman Report Shows How Little Investors Are Paying Attention To The Debt Ceiling

<b>Not one client meeting during the past two weeks has focused on the stalemate in Washington, DC</b>. Every investor assumes a deal will be reached to raise the debt ceiling. Instead, portfolio managers are seeking clues for how the economy is performing given the absence of data releases from the …

Markets

It's Obvious That Democrats Are Looking To Score A Huge Victory Over The GOP

Then yesterday there was no progress. The day started with John Boehner telling the House GOP caucus that talks with The White House were broken down, and that there was a risk that Senate Republicans were working behind the House's back to craft a deal with The White House.<p>Then, not long after …

John Boehner

Senators Hunt For Budget Agreement

Deal or no deal? That's the question in American politics right now as the shutdown drags on and the debt ceiling looms. Host Rachel Martin talks with NPR's political correspondent Mara Liasson.<p>Transcript<p>RACHEL MARTIN, HOST:<p>This is WEEKEND EDITION from NPR News. I'm Rachel Martin.<p>Thirteen days into …

Harry Reid

This Chart Destroys The 'Fox News' View Of The Debt Ceiling

A common view we've heard on Fox News is that breaching the debt ceiling wouldn't mean a default, because the U.S. has more tax revenue coming in every day than it has to pay in interest payments. So as long as you prioritized interest payments first, you should be fine not defaulting on the debt. …

Goldman Sachs

Senate Shutdown Talks Fall Flat

Cruz Wins Value Voters Straw Poll

The South is holding America hostage

The Tea Party’s not crazy — they had a plan. Now liberals and progressives need one, too<p>When I have described the well-considered, coherent political and economic strategies of the conservative white South, as I have done here, here and here, I am sometimes been accused of being a “conspiracy …

House negotiations may have turned physical

An “altercation” occured between a senior Democrat and a GOP aide<p>It's unclear exactly what went down yesterday morning between Rep. Joseph Crowley (D-N.Y.) and Chris Vieson, a staffer for Eric Cantor. There was definitely shouting. And possibly poking.<p>It began when Democrats' repeated attempts to …

Senators return to work on fiscal crisis, but uncertain about how, when it will end

Two top senators gave bleak assessments Sunday of the likelihood of Congress swiftly reaching deals to end one fiscal crisis and avert another, with the Republican lawmaker saying Democrats are now overreaching in their demands.<p>“We will see our way through this, but the last 24 hours have not been …