It's not clear what higher taxes will mean for small business, but these firms will suffer if they are unable to access capital. To the degree that government borrowing makes it harder for these firms to raise money, extending a tax cut that will cost nearly $700 billion might not make sense.
South Korea, long in the shadow of other Asian 'tiger economies,' is suddenly hip and enormously prosperous – so much so that it may have outgrown its thankless dream of reuniting with the North.
Doing Good
What happens when ordinary people decide to pay it forward? Extraordinary change...
Scott Budnick works in the dining room as customers arrive for a free meal at the Mathewson Street Friendship Breakfast in Providence, R.I.
Scott Budnick serves breakfast – with a side order of respect – to the homeless
Sunday breakfast at a Providence, R.I., church is more than a free meal. Half the volunteers are homeless themselves: 'It's their [own] breakfast that they're putting on.'
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