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Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.
Hopeful: After six years at the helm, Rep. Sam Graves will step down as chairman of the House Small Business Committee at the end of the year. During his tenure, Graves has spent a considerable amount of time crafting legislation intended to steer more federal contracts to small businesses, remove onerous regulations for employers and improve access to capital for entrepreneurs. And he’s learned a few lessons along the way. (OSB)
Helping hand: The Department of Veterans Affairs is planning to use IBM’s Watson — the Jeopardy! winning supercomputing system designed to simulate human cognition — to advise doctors on treatment for post-traumatic stress disorder patients. (On I.T.)
New direction: Print journalism has changed drastically since the golden years of the 1980s and ’90s, when fat and sassy publications printed money. Time Inc.’s Norman Pearlstine, an old-media lion, is driving magazines into the digital age.(CAPBIZ)
About time: Two words hang over this week’s Federal Reserve meeting: “considerable time.” That’s how long the central bank has said it would wait before nudging up interest rates from the current rock-bottom zero. But with the economy accelerating, experts are expecting the Fed to drop that formula from its guidance when its monetary policy committee meets Tuesday and Wednesday. (WP)
Case in point: An obscure court case could inject new momentum into a bill that tackles patent trolls and decide the future of U.S. innovation. (WP)
Boost: A defense bill enacted by Congress will enable women-owned small businesses to receive sole-source contracts from federal agencies. (WBJ)
Tough questions: The U.S. government faced aggressive questioning from judges reviewing a finding last year that Apple conspired with publishers to raise the price of electronic books in 2010. (WSJ)
Tech fears: Concern about technology — the printing press, the steam engine or the computer — supplanting humans is not new. But as robots grow smarter, this time may be different. (NYT)
On Wall Street
Stocks closed lower as the price of crude oil continued to drop Monday, and Russia’s ruble plunged to a record low against the dollar. (Get the latest updates here)
Housing starts (8:30 a.m.)
Hopeful: After six years at the helm, Rep. Sam Graves will step down as chairman of the House Small Business Committee at the end of the year. During his tenure, Graves has spent a considerable amount of time crafting legislation intended to steer more federal contracts to small businesses, remove onerous regulations for employers and improve access to capital for entrepreneurs. And he’s learned a few lessons along the way. (OSB)
Helping hand: The Department of Veterans Affairs is planning to use IBM’s Watson — the Jeopardy! winning supercomputing system designed to simulate human cognition — to advise doctors on treatment for post-traumatic stress disorder patients. (On I.T.)
New direction: Print journalism has changed drastically since the golden years of the 1980s and ’90s, when fat and sassy publications printed money. Time Inc.’s Norman Pearlstine, an old-media lion, is driving magazines into the digital age.(CAPBIZ)
About time: Two words hang over this week’s Federal Reserve meeting: “considerable time.” That’s how long the central bank has said it would wait before nudging up interest rates from the current rock-bottom zero. But with the economy accelerating, experts are expecting the Fed to drop that formula from its guidance when its monetary policy committee meets Tuesday and Wednesday. (WP)
Case in point: An obscure court case could inject new momentum into a bill that tackles patent trolls and decide the future of U.S. innovation. (WP)
Boost: A defense bill enacted by Congress will enable women-owned small businesses to receive sole-source contracts from federal agencies. (WBJ)
Tough questions: The U.S. government faced aggressive questioning from judges reviewing a finding last year that Apple conspired with publishers to raise the price of electronic books in 2010. (WSJ)
Tech fears: Concern about technology — the printing press, the steam engine or the computer — supplanting humans is not new. But as robots grow smarter, this time may be different. (NYT)
On Wall Street
Stocks closed lower as the price of crude oil continued to drop Monday, and Russia’s ruble plunged to a record low against the dollar. (Get the latest updates here)
What’s on tap today
FOMC meeting beginsHousing starts (8:30 a.m.)
Help: Just asking about an insurance claim can make your rate go up (WP)
Follow: Watson
Extra: Americans are trading sleep for work, and it’s literally killing us. (WP)
Thoughts? Have feedback, tips or events we should know about? Email us here.
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