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| Industry Buzz | | |
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| Economic Indicators | | |
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- CBO: "Fiscal cliff" will trigger recession if left unaddressed
The Congressional Budget Office issued a stark warning that heading off the "fiscal cliff" will send the U.S. into a recession and drive joblessness up to 9.1% by the end of 2013. The nonpartisan CBO said the combined effects of higher taxes and reduced federal spending would cause the economy to contract by 0.5% next year, and warned that the U.S. can't afford to allow its debt burden to grow much longer. CNNMoney
(11/8), Politico (Washington, D.C.)
(11/8), Forbes
(11/8)     
- U.S. exports rise; trade deficit sharply narrows
America's trade deficit unexpectedly dropped 5.1%, to $41.5 billion, in September, as exports rose 3.1%, to $187 billion, marking the biggest gain since July 2011, the Commerce Department said. The increase in exports was broad-based, ranging from refined petroleum to aircraft and soybeans. Economists surveyed by Bloomberg had predicted the trade deficit would expand to $45 billion. Bloomberg
(11/8), Medill Reports (Northwestern University)
(11/8)
| Inside & Out | | |
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- It might be time to update your leadership style
The nature of business leadership is in a state of flux and companies are moving toward "a trust-and-track method, in which people are not just told what to do, but why they are doing it," Paul Spiegelman of BerylHealth writes. You can avoid being left behind by recruiting top talent, abandoning micromanagement and admitting that you don't know everything. "Choose great people who have the right skills and fit the culture," Spiegelman recommends. "And get out of the way." Inc. online/The Culture Gap blog (free registration)
(11/6)
- Why social media isn't replacing traditional sales techniques
Social media is giving salespeople more tools with which to do their jobs, but many traditional sales rules still apply, writes Tibor Shanto of Renbor Sales Solutions. "Success is still very much about strategy and execution, driven by your market and your specific customers," he writes. "You need to evaluate how you use social the same way you would with any other tools." The Globe and Mail (Toronto) (tiered subscription model)
(11/6)
| Policy Update | | |
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- 9 uncertainties that are less so after Obama's re-election
President Barack Obama's re-election means business owners should expect continued implementation of the health care law and prepare for the possibility of the end of the Bush-era tax cuts for top earners. Small businesses received more than $280 billion in federal contracts during Obama's first term, but there might be less money to go around if spending cuts are used to lower the deficit in his next term. The Wall Street Journal
(11/7)
- Calif. to auction carbon permits next week
The auction of carbon emissions permits is expected to begin Wednesday under California's cap-and-trade rule. "We're ready to go, we're ready to launch," said Mary Nichols, chair of the California Air Resources Board. The auction will involve the sale of more than 60 million carbon dioxide emission permits and could generate $600 million. Reuters
(11/8)
| Diversion | | |
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- Could you one day drink a soda and eat the bottle?
A Harvard University professor has come up with a way to package liquid foodstuffs such as soda, juice and yogurt in edible, washable shells. The shells, which resemble grape skins, are formed by fusing flavored components such as seeds or chocolate with products derived from shrimp shells. It's hoped the innovation will one day provide an edible, healthful alternative to cans and bottles. FastCoDesign
(11/6)
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Roanoke, Va., is going green by implementing sustainable practices and using environmentally friendly equipment. The city uses propane to fuel its lawn mowers to help curb emissions and save costs. The city also uses solar power on its trucks' arrow boards and has replaced old bulbs with LED lights to slash energy costs. 
