business & economy
The negotiations over the fiscal cliff continue with few outward signs of progress. Democrats and Republicans are pointing fingers and seem able to agree on just one thing: don't expect any deals before Christmas.
When Michigan's auto factories started to close, many wondered what to do with them. The state decided to try and turn them into movie studios, which worked for a time. Until the tax credits ran out. Now those new studios are empty former factories once more.
Job creators usually look for the best and the brightest out of college. But one company believes having a can-do attitude is more important than a college degree.
States are competing against each other with tax incentives in the battle for jobs. But once incentives are given out, some are finding it impossible to determine whether they're getting any return on their investment.
In the fight against global poverty, little is easy. A Denver group is recognizing that and trying to bring groups in that field together to leverage each other's strengths and make it easier for them to work together. They're turning to an abandoned horse barn to do so.
Sometimes, nature knows the best way to solve a problem. There's a beetle that lives in a part of the world where less than .5 inches of rain fall per year. So the beetle draws water from the air, and now a businessman is trying to harness that idea to create, among other things, a self-filling water bottle.
Spain has one of the strictest eviction laws in the world. Not only do people lose their homes, but they remain liable for the full value of the mortgage -- as do their descendants. But after at least three eviction-related suicides, much of the country has said enough is enough.
New York City drivers face new restrictions on when they may buy gas as the region deals with a major fuel shortage, an enduring problem from Hurricane Sandy's tear through the area. So far, reports are that the rationing system is cutting lines at filling stations, making it easier to get the gas that is available.
China's efforts to grow its economy and its manufacturing base are meeting resistance as the country's middle class burgeons. In Ningbo, a plan to build a petrochemical plant was beaten back by protesters in the street who say these plants are affecting their health.
With major natural disasters coming more often, the insurance industry is looking at how it needs to change its rates and formulas account for this new volatility. It's just one more reflection of changing climates.