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D.C. Inks $33M Tax Deal With LivingSocial

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The website LivingSocial is known for saving people money, but the company is set to receive it's own deal — courtesy of District taxpayers. The D.C. Council unanimously approved a bill to save the daily-deal company LivingSocial nearly $33 million in taxes. In return, the company will pledge to keep its headquarters in D.C. and make sure that half of its new hires are District residents.

The Gray administration has pushed hard to attract technology companies to D.C., and often points to LivingSocial as a prime example of D.C.'s tech-friendly environment.

But critics of the deal, such as the DC Fiscal Policy Institute, question whether the city is giving too much away. The group says city leaders should have pushed harder for clawbacks, or penalties in the deal, in case Living Social doesn't hold up its end of the bargain.

A second and final vote on the measure is set for next month.

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Hieronymus Bosch Died 500 Years Ago, But His Art Will Still Creep You Out

Known by some as "the Devil's painter," Bosch depicted imaginary animals and souls being violently tortured. At least one critic believes he's the father of modern art.
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With A Zap, Scientists Create Low-Fat Chocolate

Scientists say they've figured out how to reduce the fat in milk chocolate by running it through an electric field. The result is healthier, but is it tastier?
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The View From The Northeast Corridor: Deep Divisions Ahead Of 2016 Election

Despite a history of Democratic electoral solidarity, a trip through the Northeast finds Republicans hoping to make inroads in November and Democrats pushing for the voting power of immigrants.
NPR

President Obama Acknowledges 'Brexit' To Silicon Valley Crowd

President Obama delivered a speech Friday at Stanford University, and remarked on the Brexit vote in front of a crowd of young, tech-forward, pro-globalization attendees from 170 countries.

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