Wednesday, March 09, 2011

Quick Overview

  • Sens. Tom Coburn (R-Okla.) and Ben Cardin (D-Md.) introduced a bill that would repeal the 45 cents-per-gallon ethanol tax credit.

  • Sleep-Deprived People Make Risky Decisions Based on Too Much Optimism. A night of sleep deprivation leads to increased brain activity in brain regions that assess positive outcomes, while at the same time, this deprivation leads to decreased activation in the brain areas that process negative outcomes, say scientists at two Duke University medical schools.

  • The U.S. government has recovered 70% of total Troubled Asset Relief Program (TARP) disbursements, said the U.S. Treasury Department

  • The United States remains the world's largest manufacturing economy, generating 1.6 trillion dollars of output, 11 % of the country's gross domestic product, according to a report. "Industrial restructuring has intensified, making U.S. manufacturing more competitive than ever," said LACEDC Chief Economist Nancy D. Sidhu, the report's author. "The U.S. share of global manufacturing has remained at or above 20 % for most of the past two decades.”It is a myth that manufacturing is disappearing from the region and that all operations are moving to countries with low-cost labor, the report noted.

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