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January 1, 2013   |   Vol. 5, Issue 1
 
FEATURE
Happy New Year: Obama, Senate Republicans Agree on ‘Fiscal Cliff’
January 1, 2013 | Washington Post
The Senate approved a bipartisan agreement early Tuesday morning to let income taxes rise sharply for the first time in two decades, fulfilling President Obama’s promise to raise taxes on the rich and avoiding the worst effects of the “fiscal cliff.” The agreement, brokered by Vice President Biden and Senate Minority Leader Mitch McConnell, passed 89 to 8 in a highly unusual New Year’s morning vote. It now heads to the House, where leaders have not guaranteed passage but top officials believe it could win passage in the next few days.
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Immigration Reform Could Get Overshadowed in Congress
December 30, 2012 | Los Angeles Times
The lingering tax fight and the renewed debate on gun control may push the immigration effort into the spring. Some advocates say lawmakers need to multitask. The window to pass immigration laws next year is narrowing as the effort competes with a renewed debate over gun laws and the lingering fight over taxes and the budget, according to congressional staffers and outside advocates.
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Related:
Immigration Reform: Is 'Amnesty' a Possibility Now?


Illinois Pension Mess Primer: How It Got Here
December 30, 2012 | Chicago Tribune
Pressure mounts to fix crisis as cuts squeeze education, threaten to hit other state services. With obligations starting to crowd out spending for education and public safety, problem's urgency is matched only by its intractability
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Related:
Some Progress but Big Fights Ahead on San Jose Pension Reform

Kentucky's Pension Debt to Hit Local Governments' Balance Sheets


Why S.E.C. Is Likely to Miss Deadline on Rules for Crowdfunding
December 27, 2012 | New York Times
When the Jobs Act became law in April, supporters proclaimed a new era for small businesses seeking to raise money. The “game changer,” as President Obama put it in the Rose Garden as he signed the bill, was a provision to allow small companies to “crowdfund” — that is, to sell stock and other securities over the Internet directly to the general public. “For the first time,” the president said, “ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.” But it now seems that dawn will break late on this new age of democratic investing.
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Related:
Waiting to Sow the Seed Funding


Startup Grows a $100M Business Without Venture Capital
December 28, 2012 | Forbes
For many startups, raising a round of funding is a day of celebration. It’s exhilarating knowing that someone believes enough in your idea to put money behind it. Raising a round, though, doesn’t mean that a startup has “made it” or that the entrepreneurs behind the venture are on their way to tech stardom. It isn’t always, though, the best route for every startup.
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Not Too Proud to Ask for Cash for Start-ups

Venture Capital Making a Comeback

Venture Capital Investors Anticipate Higher Taxes on Capital Gains

Venture Capital Didn't Build That

IPOs Slump to Lowest Level Since Financial Crisis After Facebook

Washington Post's Biggest Small Business Stories of 2012

A Fund for When Incubators Are Too Late Stage

Kedrosky: Six Trends Startups Must Cope With In 2013

Sasha Johnson Bridging the Gap between Russia and Silicon Valley

Why Entrepreneurs and Innovators Are Flocking to Colorado

Pittsburgh's Road to Tech Success Wasn't the Smoothest

The Year In New York Biotech—Still Trying to Make It Here

Angel Investor Esther Dyson Increases Dosage in Health Startups

University of Michigan Among the Top Schools for Spending on Research

Private Colleges Holding the Line on Tuition

For Columbus' Small Businesses, a Series of Small Loans

For Minnesota Small Businesses, Access to Loans

Downtown Pittsburgh Emerges from Economic Turmoil Renewed

For 2013, Wisconsin's Tech Sector Leaders Waiting, Watching

Michigan Ramping up Internship Program in Effort to Retain Talent

From IPads to Crocs, New Patent Law Protects Design

Portland Food Entrepreneurs Get Help Taking Recipes to Market

Austin’s Economic Engine Should Keep Revving in 2013

Five Iowa Tech Startups to Watch in 2013

Economic Development Agencies Face New Scrutiny

E.P.A. Chief to Step Down, With Climate Still Low Priority

Tech Companies' Tax Breaks on Overseas Profits Likely to Continue

Tech Transfer: A Conversation with AUTM President Todd Sherer

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