Today's Takeaway | March 5, 2013

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Tuesday, March 05, 2013

Charles Schumer, Senate Majority Leader Harry Reid, and Senate Majority Whip Richard Durbin, hold a news conference at the U.S Capitol on the eve of the budget sequester. (Jewel Samad/AFP/Getty Images)

Sequestration: Is our Budget System Broken? | New Obama Appointees for E.P.A., Energy, and OMB | How 'Qualified Private Activity Bonds' Subsidize Corporate Projects | Unique American Attractions: Coral Castle | Fighting for Wrestling to Stay in the Olympics | What It Takes To Restore The Voices of Performers Like Adele

Sequestration: Is Our Budget System Broken?

The United States is officially in the midst of the sequester. Lawrence White, a professor of economics at NYU's Stern School of Business, explains how sequestration will impact the economy, particularly unemployment and the markets.

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New Obama Appointees for E.P.A., Energy, and OMB

President Obama has announced three new cabinet appointments for departments under serious scrutiny: Energy, the Environmental Protection Agency and the Office of Management and Budget. All three of these nominees will require Senate confirmation, and Takeaway Washington correspondent Todd Zwillich explores what's ahead.

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How Public Bonds End Up Financing Wineries, Golf Courses, and More

They’re called “qualified private activity bonds,” and they’re intended to encourage public works through a tax break. In reality, though, they often go to subsidize private projects—everything from a winery in North Carolina to a golf resort in Puerto Rico to the Barclays Center in Brooklyn and the offices of Goldman Sachs in New York.  Louise Story, investigative reporter for The New York Times explains how this loophole gets used.

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What Makes Our Cities Unique: The Coral Castle

As part of our series on unique places around the country, today we visit the Coral Castle of Miami, Florida. Edward Leedskalnin, a Latvian immigrant, carved the series of structures single-handedly and without modern construction equipment.

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In Praise of The Edsel

In the annals of disappointments, Ford's Edsel holds a special place. The Edsel, once the name of the heir to the Ford Empire, eventually became the word for dud. The man who designed the Edsel, Roy Brown Jr., died last week at 96.

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Iran, Russia, and United States Join Forces

Now here's something the United States, Russia, and Iran can all agree on: Wrestling should stay in the Olympics. Mike Novogratz is leading the campaign to save the sport's place in the Olympics.

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What It Takes To Restore The Voices of Performers Like Adele

Dr. Steven Zeitels is a world-renowned throat surgeon who has treated hundreds of singers and performers including Adele, James Taylor, and many others who have developed successful careers with their powerful voices.

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