Monday, December 19, 2011

The Biggest Business Stories Of 2011

Monday, December 19, 2011
Characters from multiple continents and various walks of life rocked the business world this year.

The Occupy movement forced income inequality to the forefront as lawmakers, pundits and others wrestled with objections to money's influence in politics. U.S. lawmakers pushed the nation to the brink of default as the debated how best to wrestle with the budget deficit, but it still wasn't enough. Even after they reached a deal, America saw its credit downgraded for the first time ever, leading to near-record stock volatility in August.
AT&T, T-Mobile Deal Collapses
Job Market May Take Hit If Payroll Tax Cut, Jobless Benefits Not Extended
BofA Shares Now Worth Less Than Their Dead Debit Fee
Members Of Congress Got VIP Loans From Subprime Lender: Report
U.S. Income Inequality Higher Than That Of Roman Empire?
Ted Kaufman: A Lesson From the Brits on Bank Bailouts
I have never quite been able to understand how the decision was made to fire Richard Wagoner at GM but not Vikram Pandit at Citibank. Is running a huge bank really more complex than running a huge automobile manufacturer?
Jeff Connaughton: Obama and the Rule of Law
Until this president stops calling Wall Street's deleterious actions "not illegal," he's failing to deter -- and therefore effectively encouraging -- future financial fraud.
Ryan Holmes: Social Media Strategies for Holiday Retailers
As social is where consumers eyeballs are, business' must take ownership of their online company profiles.
Leo W. Gerard: Legislation Offers Antidote for Stupidity of Shipping Tax-dollar-financed Jobs Overseas
Amid prolonged, painfully high unemployment, ABC News Anchor Diane Sawyer for the past year tirelessly advocated a simple solution: buy American-made products.
Jeff Selingo: Let's Rethink How We Pay for College
Student loans are not going away, despite calls by Occupy protesters to have the federal government finance public colleges entirely and write off all student debt. So rather than debate the impossible, we should instead discuss better ways of financing a college degree.

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