Just one Senate Democrat opposed the party’s majority on the estate tax, a medical-device tax, a possible carbon tax, online sales taxes and the revenue-raising budget plan. He’s the senator in charge of tax policy: Max Baucus of Montana.
Tropical Cyclone Carlos, bearing down on Australia’s iron ore, oil and gas producing Pilbara region, has shut ports used by BHP Billiton Ltd. and Rio Tinto Group and oil fields operated by Woodside Petroleum Ltd.
Apache Corp. and Woodside Petroleum Ltd. halted oil fields off Western Australia because of a tropical low system forecast to become a cyclone. Inbound iron ore shipments to Port Hedland are also suspended.
New Zealand’s central bank Governor Graeme Wheeler is considering Chinese-style lending restrictions to curb a housing boom as weak economic growth and a surging currency rule out economy-wide interest rate rises.
Century-old water pipes backed up in a storm in Washington D.C.’s Bloomingdale section, sending water and sewage cascading into basements. When it happened twice more in nine days last summer, a torrent of complaints flowed.