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Oct 17, 2010

NYT: Morning Business News



BUSINESS:

How Countrywide Covered the Cracks
By GRETCHEN MORGENSON
Angelo R. Mozilo, Countrywide Financial’s chief executive, was publicly buoyant about its ability to ride out the mortgage crisis. Privately, he was gloomier.

Who Needs Cash (or Borders)?
By VIKAS BAJAJ and ANDREW MARTIN
Ajay Banga, MasterCard’s new chief, is racing to take plastic to the rising middle class in India and beyond.

ECONOMIC VIEW
Income Inequality: Too Big to Ignore
By ROBERT H. FRANK
Economics was founded by moral philosophers, and links between the two disciplines remain strong. So why won’t economists make judgments on the gap between rich and poor?

More Business News

The Washington Post: Today's Headlines & Columnists. Oct 17th., 2010




TODAY'S HIGHLIGHTS
Military medics combine ultramodern and time-honored methods to save lives on the battlefield
FORWARD OPERATING BASE WILSON The first sign this isn't a routine pickup is the rhythmic right and left banking of the helicopter.
(By David Brown, The Washington Post)

Republican congressional candidates race ahead in fundraising
(By T.W. Farnam and Dan Eggen, The Washington Post)

Obama may be on his own if he wants big changes
(By Scott Wilson, The Washington Post)

Scout in Mumbai attacks was DEA informant while in terror camp, authorities say
(By Sebastian Rotella, The Washington Post)

Those with a desk job, please stand up
(By Michael S. Rosenwald, The Washington Post)

More Today's Highlights


POLITICS
In Boston, Obama rallies for Gov. Deval Patrick
BOSTON, Mass. -- President Obama swooped into Boston on Saturday to energize the reelection bid Gov. Deval Patrick, the friend and longtime political ally who is facing two challengers at a time when an anti-incumbent sentiment is sweeping the country.
(By Felicia Sonmez, The Washington Post)

Obama may be on his own if he wants big changes
(By Scott Wilson, The Washington Post)

Republican congressional candidates race ahead in fundraising
(By T.W. Farnam and Dan Eggen, The Washington Post)

More Politics


NATION
Military medics combine ultramodern and time-honored methods to save lives on the battlefield
FORWARD OPERATING BASE WILSON The first sign this isn't a routine pickup is the rhythmic right and left banking of the helicopter.
(By David Brown, The Washington Post)

Scout in Mumbai attacks was DEA informant while in terror camp, authorities say
(By Sebastian Rotella, The Washington Post)

More Nation

WORLD
Military medics combine ultramodern and time-honored methods to save lives on the battlefield
FORWARD OPERATING BASE WILSON The first sign this isn't a routine pickup is the rhythmic right and left banking of the helicopter.
(By David Brown, The Washington Post)

Scout in Mumbai attacks was DEA informant while in terror camp, authorities say
(By Sebastian Rotella, The Washington Post)

More World
METRO
Those with a desk job, please stand up
Some people can't stand working. Mark Ramirez works standing.
(By Michael S. Rosenwald, The Washington Post)

More Metro
BUSINESS
The Volkswagen Jetta's graceful ride back down to earth
Warren Brown reviews the 2011 Volkswagen Jetta 2.5 SEL.
(The Washington Post)

In this recovery, Washington has less power over the economy than you think
(By Allan Sloan, Tory Newmyer and Doris Burke, The Washington Post)

More Business


SPORTS
McMurray upstages championship contenders for Charlotte win
CONCORD, N.C. -- Jamie McMurray picked up his third big victory in his comeback season, beating all the championship contenders Saturday night at Charlotte Motor Speedway.
(By Jenna Fryer, AP)

Tim Lincecum, Roy Halladay get down and dirty in NLCS Game 1
(By Thomas Boswell, The Washington Post)

Two homers by Cody Ross trigger Giants to 4-3 win over Phillies in NLCS opener
(By Dave Sheinin, The Washington Post)

Brooks Laich's overtime goal lifts Capitals and Michal Neuvirth to a 3-2 win over the Predators
(By Katie Carrera, The Washington Post)

Marc Verica benched, Virginia stumbles in 44-10 loss to North Carolina
(By Steve Yanda, The Washington Post)

More Sports


STYLE
Finding a script with the 'zeitgeist in it'
Edward Norton is a movie star. But stand in the guy's presence -- in, say, a small, windowless conference room at the WAMU (88.5 FM) building in Washington, where Norton recently was preparing for an interview on "The Diane Rehm Show" -- and it doesn't exactly feel that way.
(By Jen Chaney, The Washington Post)

A legendary rocker still dressing the part
(The Washington Post)

At Folger, Henry VIII is reigning supreme
Exhibit marks the 500th anniversary of the monarch and his court
(By Philip Kennicott, The Washington Post)

"I can't imagine anything better than this"
Candice Fisher & Gordon Dexter
(By Ellen McCarthy and Emily Yahr, The Washington Post)

In a down economy, more prenups and 'divorce insurance'
(By Ellen McCarthy, The Washington Post)

More Style

LIVE DISCUSSIONS
Redskins vs. Colts recap
Washington Post blogger Cindy Boren will be online immediately following Washington's match-up with Indianapolis to talk about the game.
(Cindy Boren, washingtonpost.com)

More Live Discussions


Mr. O'Malley for governor
MARTIN O'MALLEY took office as governor of Maryland in 2007 facing projected deficits as far as the eye could see -- and that was before the recession gutted state revenue and forced extensive spending cuts. In his first year, he took tough, decisive steps to close those deficits, rallying state...
(The Washington Post)

Borderline threat
Mahmoud Ahmadinejad's agenda in southern Lebanon
(The Washington Post)

MarketWatch: Weekly Round Up : The week's 10 top Videos .11-15

MarketWatch
Weekly Roundup
OCTOBER 16, 2010

The week's top videos

By MarketWatch



 
In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of Oct. 11-15:

U.S. stocks ready repeat of 1990s, Ken Fisher says

There's still opportunity in emerging markets but the real opportunity is in those "boring parts of the world" of U.S. and Europe, says Fisher Investments' Ken Fisher. In fact, it's like 1991 for stocks all over again.
 Watch Video Report.


Virgin spaceship's first solo flight

The world's first commercial spacecraft, operated by Virgin Group, successfully completes its inaugural solo test flight.
 Watch Video Report.

The $2.8 million car

Dan Neil describes what it's like to drive a $2.8 million car at speeds of more than 200 MPH. Dan was the first journalist to test drive the 2011 Bugatti Veyron Super Sport, which is the world's fastest production car with a top speed of 268 MPH.
 Watch Video Report.

Annuities: The pros and cons

Annuities promise money for life, but that guarantee may come at a steep cost. MarketWatch's Andrea Coombes talks with two financial planners about the good, the bad and the ugly of annuity products.
 Watch Video Report.

Microsoft ‘s handset hopes

Microsoft unveiled a lineup of smartphones using its revamped Windows Phone 7 mobile-operating system, the software giant's boldest move to remain a player in the mobile business. Spencer Ante, Dan Gallagher and Jennifer Valentino-DeVries discuss.
 Watch Video Report.

Trio wins Nobel Prize in economics

Peter Diamond, Dale Mortensen and Christopher Pissarides won the 2010 Nobel economics prize for developing theories that help explain how economic policies affect unemployment. Justin Lahart and David Weidner discuss.
 Watch Video Report.

Outsmarting China's iPhone 4 scalpers

Apple said it is now accepting pre-orders for iPhone 4s in China and limiting customers to one phone per purchase, a measure that could give regular consumers a way to beat scalpers who have been selling marked-up devices in front of Apple's retail stores in Shanghai and Beijing.
 Watch Video Report.

Cutting Back: Ireland deals with property bust

As Ireland copes with the aftermath of a large property bust, it faces a new wave of emigration but also innovation, as a group of architects band together to create a micro economy. Andy Jordan reports from Dublin.
 Watch Video Report.

Mossberg: Office for Mac's Outlook a big deal

Walt Mossberg reviews the new Mac version of Microsoft Office, called Office for Mac 2011. He gives us his bottom line on the suite and what he thinks of its latest addition -- Outlook, which replaces Entourage.
 Watch Video Report.

Roubini calls on China to raise its currency

Nouiel Roubini, economics professor and consultant, made famous for his 2005 prediction that home price speculation would sink the economy, sees currency battles spreading globally. He spoke to reporters at the IMF's annual meeting in Washington.
 Watch Video Report.