The fiscal cliff has been dominating headlines, but there were other, more uplifting economics stories of 2012. Host Jacki Lyden talks to Justin Wolfers, professor of economics and public policy at the University of Michigan. They take a look back at the biggest economics stories of the year.
Even though the top four congressional leaders left their White House meeting with the president separately and silently on Friday, they cast the hourlong encounter in a positive light back at the Capitol.
House Minority Leader Nancy Pelosi described the tone of the discussion to head off across-the-board tax hikes and spending cuts as "candid." An aide to House Speaker John Boehner put out a statement that noted that the group agreed the next step should be the Senate's — a tacit acknowledgement that Boehner is no longer the lead negotiator with President Obama.
The Seattle area is seeing widespread, well-organized opposition to an export industry: coal. Thousands of people have turned out to express their disgust with a plan to build export terminals on Puget Sound to ship American coal to Asia. Opponents cite noise, traffic delays, coal dust and global warming.
C. Louis Kincannon, the former director of the U.S. Census Bureau, died of cancer Dec. 15 at age 72. Kincannon brought ethnic and linguistic diversity to his agency. We remember him with Tom Mesenbourg, the Census Bureau's acting director.