Obama will address "fiscal cliff" in speech at noon today – Reuters
A nice visualization of the cliff's spending cuts and tax increases – WSJ
America's budget problem is health care spending – Incidental Economist
Caterpillar to close logging equipment factory in Owatonna – People's Press
Quick subway repairs border "on the edge of magic" – NY Times
No vote on GMO-labeling prop is victory for food companies – StarTribune
The LA Times is glad the "sloppy" initiative failed – LA Times
Stillwater "fraudster" gets 6.5 years for complex mortgage schemes – StarTribune
In small towns, "it's hard to compete with a newspaper that has a shopper" – Pine Journal
New owners say 50 Below's 200 jobs to stay in Duluth – Duluth News Tribune
In Marinette, work begins on the USS Detroit, a new corvette battleship – Journal Sentinel
Russian investor slashes stake in Groupon, Facebook, Zynga – Crain's Chicago