Our last word in business today is: soda diplomacy. The long isolated Southeast Asian nation of Myanmar, also known as Burma, is now undergoing dramatic political reform and opening up to the outside world. The U.S. recently lifted sanctions and sent an ambassador there. And what comes next? Coca-Cola.
Republican presidential nominee Mitt Romney's proposal to overhaul the tax code continues to draw scrutiny.
Romney says it is possible to cut tax rates without driving the government deeper into the red, and that he can make up for the lost revenue by closing tax loopholes. But analysts have had a hard time testing Romney's claim because he hasn't offered many specifics.
When he was pressed by NBC's David Gregory this weekend to give an example of a loophole he would close, Romney didn't offer much detail.
The Atlanta Symphony Orchestra and its musicians are at an impasse. The players' contract expired at the end of last month. The symphony is facing a $20 million budget deficit, and it's seeking millions in concessions from the musicians. Both sides say they want to reach an agreement, but they've left the bargaining table, putting the orchestra's 68th season in jeopardy.