Charles and David Koch, heads of Koch Industries and the founders of the conservative activist organization, Americans for Prosperity (AFP), are postponing their semi-annual meeting to April. The reason for the delay is due to the need to analyze election data on a state-by-state level.

SantaCon event in NYC. Credit: jpgmag.com

Last Saturday, SantaCon hit the Gaslamp Quarter. San Diegans donning Santa costumes visited McFadden’s, Henry’s Pub, The Local, Hennessey’s Tavern, Hooters, and Dick’s Last Resort during the bar crawl, Christmas extravaganza. It was event not to be missed, but if you did miss it, you’re in luck because San Diego is hosting TWO SantaCon events this year!

Federal Reserve Chairman Ben Bernanke held a press conference Wednesday to outline the FED's overarching fiscal approach moving into 2013. When compared to current policy, the announcement suggests little diversion from the monetary policies of 2012. The FED is set to increase its implementation of the 'Quantitative Easing 3' bond-buying program. A total of $85 billion a month in Treasury purchases and mortgage-backed securities are expected next year.

“I’m ready to celebrate,” Matthew Clough said, reflecting back on a year that began with no guarantees.

Eleven months ago, Clough founded Stone + Cloth, a socially-motivated backpack company based out of Downtown Los Angeles. Every bag is made in the US and each one purchased supports a child’s education in Tanzania.

“Tomorrow we’re launching a new product," He reported. "Next year I’ll be hiring so I can focus entirely on building the brand.”

Unions have traditionally painted themselves as 'of the people' and it should come as no surprise that the Californian Federation of Teachers argues on behalf of the 99 percent. A recent animated video, written/directed by Fred Glass, narrated by Ed Asner, with animation by Mike Konopacki paints what they believe to be the 'Fairy Tale' of the 1 percent.

The fairy tale is that one day everyone else would be rich and therefore able to take advantage of the tax privileges not afforded to lower income individuals.