Big risk, big boon: Offshore drilling could create 15,000 jobs (Virginian-Pilot)
Estimates for employment vary widely – from 1,500 jobs to 15,000. The count also hinges on whether the oil and gas would be processed locally or piped to refineries elsewhere and whether offshore rigs would be supported by local facilities.
Law firm starts bike rental program for its employees (Washington Post)
For advice, Lesk turned to Revolution Cycles, which had helped him select a hybrid 21-gear Trek bike that was specifically designed for use on city streets for his wife recently. The thicker tires, fenders, racks and flashing lights made it ideal for schlepping materials to a meeting or running errands.
Customers’ revenge: Cable providers now try to play nice (USA Today)
For far too long, cable customers fumed as they waited in vain for the cable guy to show up. When he did come, sometimes it took multiple visits to fix outages. Some customers grappled with billing mistakes that took months to resolve. And cable prices went up every year. Now it may be the cable customer’s turn for revenge.
Europeans Fear Crisis Threatens Liberal Benefits (NY Times)
Across Western Europe, the “lifestyle superpower,” the assumptions and gains of a lifetime are suddenly in doubt. The deficit crisis that threatens the euro has also undermined the sustainability of the European standard of social welfare, built by left-leaning governments since the end of World War II.
How are Angels Different Than Venture Capitalists? (WSJ)
As professional investors, angels and VCs look to invest in companies in prosperous industries, and both have strict investment criteria: a venture needs to have a solid business plan, strong management team and viable exit strategy before it’s considered for equity financing. But venture capitalists do not invest their own money—a common misconception. Instead, VCs typically invest money from institutions, such as big pension funds or college endowments, and, in some cases, high-net-worth individuals.
IRS Seeks a Road Map to Aggressive Deductions (Business Week)
IRS Commissioner Doug Shulman says tax auditors waste more than 25 percent of their time combing through thousands of pages of corporate returns to spot errors and challenge deductions. Now he’s sparked an uproar by asking companies to do a lot of that work for him.