Tuesday, January 20, 2009

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Our attention will be focused on the parade route and the Capitol steps, but the business of government will start almost immediately. Obama's team will be busy, with around 20 top aides moving into the White House to begin work on Tuesday. They may help make up for Tuesday’s expected productivity gap, as hundreds of thousands of Americans take the day off to watch the inauguration festivities in D.C. or catch it all on the TV, radio, or Internet during work hours.

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A number of companies slip quarterly earnings announcements under the radar Tuesday, though none will vie directly with the inauguration. IBM issues its report at 4:30 p.m. ET, and Johnson & Johnson and TD Ameritrade each declare earnings at 8:30 a.m. ET.

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Fire up that Peugeot! On Tuesday, the French government is expected to announce aid measures to the French automotive industry, which also boasts the Renault line of zippy little vehicles. It would probably form part of a wider European plan of assistance to the sector in countries across the Continent.

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Pick your opportunity or your poison. Among the new books released Tuesday are Gwen Ifill’s look at rising African-American political stars, The Breakthrough, and How to Castrate a Bull: Unexpected Lessons on Risk, Growth, and Success in Business by Silicon Valley entrepreneur Dave Hitz. For something further afield but more sensational, see if you can get your hands on The Cross of Taiwan. It’s by Taiwan’s ex-President Chen Shui-bian, who’s in jail and whose trial on corruption and embezzlement charges began Monday.

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A phoenix rises again in a distant land. Lance Armstrong, a one-man fundraising and endorsement wrecking crew, is back on the bike-racing circuit. He competes in the “Tour Down Under” beginning in Adelaide, Australia, on Tuesday.

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