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In her new series for The New York Times, reporter Louise Story traces the complicated relationship between localities and the corporations they want to lure to their states, counties and cities to help promote economic growth.

If Congress fails to reach an agreement on tax increases and spending cuts this year, it will mean sharp reductions in a broad swath of federal spending, from defense and Medicare to education and unemployment benefits. Economists say the cuts would be a serious setback for the economy as a whole.

Egypt and neighboring countries saw an increase in perceived corruption. The United States 19 out of 176 countries.

Michael Forbes lives next to Donald Trump's new golf course in Scotland. He has refused to sell his property to Trump, and what's ensued has been a war of words. The latest flare-up involves an award given by the Scottish company that makes Glenfiddich whisky.

Standard Chartered says it expects to pay around $330 million to the U.S. to settle a case with regulators who accuse the bank of failing to comply with sanctions against Iran. Standard Chartered has already paid out $340 million to the state of New York on the same claims.

A month after Hurricane Sandy pounded the New Jersey Shore, Atlantic City is back in business. Even though most of the casinos, restaurants and the famous boardwalk sustained very little damage in the storm, they're now suffering from a lack of visitors.

More demonstrations — and likely more clashes — are expected, even as President Mohammed Morsi called for a Saturday meeting with opposition groups.

When you crack open a pizza box, the heat's released and you get that scent from the dough and cheese and sauce. Pizza Hut in Canada has released that scent in a bottle of perfume. The company made 110 bottles and distributed them to its Facebook followers.

Prime Minister Julia Gillard helped a radio show plug its "end of the world" special by solemnly saying that the Mayans were right. Oh, those wacky Aussies. See the video.

Hypothermia kills an estimated 700 people experiencing, or at-risk of homelessness each year, according to the National Coalition for the Homeless. Every day, street outreach workers in cities across the nation go out into communities to encourage people on the street to take shelter, but many homeless people refuse.