Spend Matters Afternoon Coffee

The right action in this situation? Time (and the Sentate, and eventually maybe even the Supreme Court) will tell.

Eye on China, House Votes for Greater Tariff Powers -- The House of Representatives sent an unusually confrontational signal to the Chinese leadership on Wednesday, voting overwhelmingly to give the Obama administration expanded authority to impose tariffs on virtually all Chinese imports to the United States.

Wait, we have an intellectual property czar?

White House boosts effort to keep fake products out of procurement -- The White House has created an interagency working group to stop counterfeit goods from entering the supply chains that support Defense Department weapons systems and private sector electronic goods, the nation's first intellectual property czar said on Tuesday. "The implications of DoD procuring counterfeit goods are negative and obvious," said Victoria Espinel, the U.S. intellectual property enforcement coordinator at the Office of Management and Budget. "Our understanding is that this is a problem that a number of our agencies are struggling with."

Wealthy? You're nommin' more junk food.

Wealthy Take Bigger Helping of Fast Food -- The recession whet wealthy Americans' appetite for fast food, a habit that is sticking even as the U.S. economy embarks on a slow recovery. A new American Express study found that "ultra-affluent" consumers boosted their fast-food spending by 24% in the second quarter, compared with the year-earlier period, while fast-food spending among the rest of U.S. consumers rose 8%.

In other junk (legislation?) food news...

McDonald's May Drop Health Plan -- McDonald's Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul. The move is one of the clearest indications that new rules may disrupt workers' health plans as the law ripples through the real world.

Sheena Moore

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