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Jun 18, 2011

NYT: NYT: Breaking News: Qaeda Woes Fuel Talk of Speeding Afghan Pullback

Breaking News
The New York Times
Saturday, June 18, 2011

Clarence Thomas’s Friendship With Magnate Puts Focus on Ethics

A multimillion-dollar project to preserve a seafood cannery in Pin Point, Ga., highlights an unusual, and ethically sensitive, friendship between the Supreme Court justice, Clarence Thomas, and Harlan Crow, a Dallas real estate magnate and a major contributor to conservative causes.
Since the two men met, Mr. Crow has done many favors for the justice and his wife, Virginia. In several instances, reports of Mr. Crow’s largess has provoked controversy and questions, adding fuel to a debate about Supreme Court ethics. But Mr. Crow’s financing of the cannery museum, his largest and previously unreported act of generosity, raises the sharpest questions yet — both about Justice Thomas’s extrajudicial activities and about the extent to which the justices should remain exempt from the code of conduct.
Although the Supreme Court is not bound by the code, justices have said they adhere to it. Justice Thomas, through a spokeswoman, declined to comment. Mr. Crow also would not comment.

Read More:

MarketWatch | Weekly Roundup: The Week´s Top Ten Videos.


Weekly Roundup
JUNE 18, 2011

The week's top 10 videos on MarketWatch

By MarketWatch

In case you missed them here are the 10 most popular videos that appeared on MarketWatch for the week of June 13-17:

Volume too low for another bear market

Stock-market volumes have been too low to signal another bear market, an analysis of every bear market shows, according to columnist Mark Hulbert. Laura Mandaro reports.
 Watch Video Report.

Shiller: Recession risk ‘substantial'

Noted economist, Robert Shiller of Yale University, says the global economy is at a "tipping point", and the U.S. faces a "substantial" prospect of a double-dip recession. Shiller speaks with Simon Constable.
 Watch Video Report.

RIM looking like a flash in the pan

Rex on Techs: Research In Motion reports quarterly results this week, and Rex Crum says the BlackBerry maker is in danger of going the way of Queen after it produced the "Flash Gordon" soundtrack.
 Watch Video Report.

Manila outsourcing boom: Many jobs, all-night work

The key to the explosive growth of Manila's outsourcing industry is the wealth of young and educated English-speaking workers in the Philippines. But as Ben Pimentel reports, many companies also struggle to find people with enough management experience.
 Watch Video Report.

Bachmann could be front-runner or spoiler

Neil King reports GOP presidential candidate Michele Bachmann has emerged as a player who could take the lead or play spoiler.
 Watch Video Report.

10 most affordable, 10 most expensive home markets

You can get a four-bedroom home for about $60,000 in the most affordable real-estate market, but it'll cost you as much as $2.5 million in the priciest market. Stacey Delo talks with Amy Hoak.
 Watch Video Report.

Giffords releases photos

U.S. Rep. Gabrielle Giffords releases new photos of herself on Facebook page as she continues to recover from a gunshot wound to her head.
 Watch Video Report.

Airbus's plan of 2050: Will it fly?

So what does the future hold in the eyes of one of the world's biggest aircraft manufacturers and would any airline actually buy into their idea where space is handed to an area to play virtual golf?
 Watch Video Report.

Why Greece is like Lehman Brothers

High Frequency Economics Chief Economist Carl Weinberg and Dave Kansas discuss possible solutions to the Greek financial crisis and why there are similarities to the situation at Lehman Brothers at the time it failed.
 Watch Video Report.

The first tablet thinner than iPad 2

Katherine Boehret reviews the first tablet that's actually thinner than the iPad 2: the Samsung Galaxy Tab 10.1, which is two-tenths of a millimeter thinner.
 Watch Video Report.

The Washington PostToday's Headlines: Today's Highlights | Politics | Style | Sports | World| Live Discussion | Technology | Business .

The Washington Post
Spike in Navy firings over commanding officers’ personal conduct
The Navy has fired a dozen commanding officers this year, with the bulk getting the ax for offenses related to sex, alcohol or other forms of personal misconduct.
(By Craig Whitlock)

GOP activists rally at conference
Parade of long-shot candidates is warmly received, but rank-and-file is focused on winning.
(By Karen Tumulty)

Year after bailout, Greece back on brink
Officials involved in the $160 billion rescue in the spring of 2010 didn’t expect to be back at the table so soon.
(By Howard Schneider and Anthony Faiola)

Argentina’s beaver invasion creeps north
Thousands of the cute but destructive critters are chomping across Tierra del Fuego, alarming officials.
(By Juan Forero)

McIlroy stands alone on historic day at Open
The 22-year-old Rory McIlroy becomes the first golfer to reach 13 under par during a U.S. Open, finishing at 11 under for a commanding six-shot lead over Y.E. Yang. Play was suspended due to darkness with 21 golfers still on the course.
(By Barry Svrluga)

AP Interview: Philippine President Aquino halts corrupt foreign-funded projects
MANILA, Philippines — Philippine President Benigno Aquino III says he will not hesitate to cancel badly needed foreign-funded infrastructure projects if they are linked to corruption.
( Associated Press Associated Press , AP)

Both parties score political points with no-chance amendments that put opponents on the spot
WASHINGTON — Very little on a GOP wish list of amendments to a Senate jobs bill stands a chance of winning approval. But it’s hardly an exercise in futility.
( Associated Press Associated Press , AP)

Obama, Boehner golf outing more about relationship building than budget negotiating
WASHINGTON — President Barack Obama and House Speaker John Boehner are hitting the links Saturday for a highly anticipated round of golf.
( Associated Press Associated Press , AP)

Guest lineups for the Sunday news shows
WASHINGTON — Guest lineup for the Sunday TV news shows:
( Associated Press Associated Press , AP)

Workers at New York Target store reject unionization; retail union to seek new election
NEW YORK — Workers at New York Target store reject unionization; retail union to seek new election
( Associated Press Associated Press , AP)

She’d rather hear the truth than an excuse
A reader asks about confronting boyfriend about his white lies.
(, The Washington Post)

Hints From Heloise: A crabby pet
Dear Readers: Hermit crabs can make wonderful pets. Why? They require very little maintenance and are interesting to watch. Keep in mind, though, that hermit crabs are nocturnal (they are active at night).
(, King)

Ask Amy: Adopted daughter creates chaos for family
At 12, she was adopted from Russia. At 18, she disappears for days on end. Amy points out that she could be struggling with an attachment disorder or emotional crisis brought on by or exacerbated by trauma in her early life and needs help.
(, Tribune Media Service)

Get back to nature on a budget
These tips will help you get the most bang for your buck with a trip to a private campsite or a state park.
(, The Washington Post)

The U.S. Open’s green carpet
The golfer’s uniform, once a palette of safe, soft shades, seemed to be turning into a Rothko spattering of color.
( by Katherine Boyle , The Washington Post)

Obama, Boehner golf outing more about relationship building than budget negotiating
WASHINGTON — Six months in the making, a much anticipated golf game between two of the world’s most powerful people will unfold on a military base whose location was a closely guarded secret as tee time approached Saturday.
( Associated Press Associated Press , AP)

Midnight Interlude edges Surrey Star to win Tsunami Slew Stakes at Hollywood Park
INGLEWOOD, Calif. — Midnight Interlude edged Surrey Star by a neck to win the $72,050 Tsunami Slew Stakes at Hollywood Park on Friday.
( Associated Press Associated Press , AP)

Friday's Sports In Brief
BETHESDA, Md. — Rory McIlroy, the sympathetic figure at the Masters, was as close to perfect as golf allows Friday during a stunning assault on the record book. The 22-year-old from Northern Ireland became the first player in the 111-year history of the U.S. Open to reach 13-under par, and despite a double bogey into the water on the final hole, his 5-under 66 was enough set the 36-hole scoring record at 131.
( Associated Press Associated Press , AP)

Wood Brothers Racing team rejoices after Glen Wood elected to Hall of Fame
BROOKLYN, Mich. — Glen Wood had no idea what to do or where to go in the moments after Trevor Bayne’s surprising Daytona 500 victory.
( Associated Press Associated Press , AP)

Weeden, Blackmon see increased commitment from Oklahoma State teammates in pursuit of title
OKLAHOMA CITY — Brandon Weeden and Justin Blackmon passed up the chance for a big payday in the pros to pursue a championship in college.
( Associated Press Associated Press , AP)

In ravaged Libya, ghosts of a Jewish past
TRIPOLI, Libya — What was once the most beautiful synagogue in Libya’s capital city can now be entered only by sneaking through a hole smashed in a back wall, climbing over dusty trash and crossing a stairwell strewn with abandoned shoes to a space occupied by cooing pigeons.
( Associated Press Associated Press , AP)

Karzai says Afghanistan, US holding peace talks with Taliban; first acknowledgment of talks
KABUL, Afghanistan — President Hamid Karzai said Saturday that Afghanistan and the United States are in peace talks with Taliban fighters, in the first official acknowledgment of such negotiations to end the decade-long war.
( Associated Press Associated Press , AP)

Syrian troops backed by tanks take over village near Turkish border
BEIRUT — An activist group says Syrian troops backed by tanks and firing heavy machine guns have entered a village near the Turkish border.
( Associated Press Associated Press , AP)

Afghan president says his government and US are engaged in peace talks with Taliban
KABUL, Afghanistan — Afghan president says his government and US are engaged in peace talks with Taliban.
( Associated Press Associated Press , AP)

Korean marines fires at civilian plane by mistake
SEOUL, South Korea — Marines fired rifles at a South Korean civilian jetliner as it was descending to land after mistaking it for a North Korean military aircraft, an airline official and a news report said Saturday.
( Associated Press Associated Press , AP)

Outlook: Faux lesbians and anonymity online
Join Washington Post bloggers Melissa Bell and Elizabeth Flock as they discuss the quest to unmask the real blogger behind the "Gay Girl in Damascus" blog.
(, vForum)

D.C.'s biggest stories: Lunchline's Clinton Yates breaks them down (video)
Clinton Yates a news junkie and pop culture fanatic who scours The Washington Post and its partner sites every weekday to find the gems that you want to read but don't have time to search for.
(, vForum)

Outlook: Faux lesbians and anonymity online
Join Washington Post bloggers Melissa Bell and Elizabeth Flock as they discuss the quest to unmask the real blogger behind the "Gay Girl in Damascus" blog.
(, vForum)

From devoted, to deadbeat, to cannibal: How animal fathers survive in the wild
Join Dr. Stephen Vessey as he chats about the various ways animals choose to rear their young. How different are they from human dads?
(, vForum)

Outlook: Why basketball star Len Bias should be inducted into the Maryland Hall of Fame
Author Dave Ungrady will be online Monday, June 20 at 12:30 p.m. ET to chat about his latest Outlook piece.
(, vForum)

Talking The Talk: Verbally Lets The Speech Disabled Communicate Using The iPad (For Free)

( by ,

Earbits Snags $605K From Y Combinator, Charles River Ventures And Others

( by ,

U.S. Trade Commission Gives The Green Light To Microsoft’s $8.5 Billion Cash Takeover Of Skype

( by ,

AOL Makes Fun Of Yahoo. And It’s Actually Hilarious.

( by ,

As The 2012 Campaign Heats Up, President Obama To Start Tweeting From @BarackObama

( by ,

United Airlines says 'network connectivity issue' caused problems that grounded flights
CHICAGO — United Airlines says a ‘network connectivity issue’ is to blame for the problem that grounded flights nationwide.
( Associated Press Associated Press , AP)

Mexico's Vitro glass company sells US assets to US private equity firm
MEXICO CITY — Mexico’s Vitro S.A.B. says it has sold its U.S. subsidiary to a U.S. private equity firm for about $55 million.
( Associated Press Associated Press , AP)

Talking The Talk: Verbally Lets The Speech Disabled Communicate Using The iPad (For Free)

( by ,

Earbits Snags $605K From Y Combinator, Charles River Ventures And Others

( by ,

Wall Street snaps six-week losing streak
The Dow Jones industrial average snapped a six-week losing streak despite ongoing unrest over the Greek debt crisis.
( by Cezary Podkul , The Washington Post)

NYT: Today's Headlines: Top News | Quotation of The Day | U.S. Interactive Map | Opinion | World | U.S. | Politics | Business | Technology | Sports | Arts | New York / Region / Travel / Editorials / OP -ED / On This Day


Hospitals Performed Needless Double CT Scans, Records Show

Hundreds of hospitals across the country needlessly exposed patients to radiation by scanning their chests twice on the same day, records indicate.

2 Top Lawyers Lost to Obama in Libya War Policy Debate

President Obama rejected the views of the lawyers when he decided he had the authority to continue U.S. participation in Libya without Congressional authorization.

U.S. Pressing Its Crackdown Against Leaks

The case of Stephen J. Kim, an arms expert, is next in line in the Obama administration's unprecedented crackdown against leaks to the media.
"These politicians just don't realize how important that one $240 check is."
FRANK BALLESTEROS, 62, whose unemployment benefits will run out next week because Arizona legislators declined an extension with federal money.


Interactive Map: Scanning Twice

A map showing rates of double CT scans at U.S. hospitals.
The Week in Privacy (Just Between Us)
Opinionator | The Thread

The Week in Privacy (Just Between Us)

How much should the F.B.I., the C.I.A. and Mark Zuckerberg know about the lives of American citizens?

In Libya, More Novice Soldiers in Defense of Qaddafi

With professional soldiers called away to rebel hot spots, amateurs are an increasingly important part of Col. Muammar el-Qaddafi's defense of the capital.

Violent Clashes as Thousands Protest in Cities Across Syria

Deaths and injuries are reported as government forces attack demonstrators in two large cities.

Syrian Town Is Strained by Flood of Refugees

Syrian security forces were coming nearer to makeshift refugee camps lining the border with Turkey.

In the Town of Phil Campbell, a Gathering of Phil Campbells

What started as a joke, a centennial celebration for Phil Campbell, Ala., turned into a relief effort in the aftermath of a tornado that killed 26 people in the little town.

Frozen Dead Guy Festival for Sale (the Man Himself Stays on Ice)

The Nederland Area Chamber of Commerce is selling the name and rights to their annual late-winter "Frozen Dead Guy Days," festival.

Meditating in Silence as the Fire Draws Near

The outside world, in the form of a huge wildfire, threatens the serenity of 39 Buddhists living in seclusion and silence who are about six months into a planned three-year retreat.
White House Memo

Obama vs. Boehner: Tee-Off Time

The House speaker, an accomplished golfer, takes on the president. They may also discuss the debt ceiling.
Political Memo

After Snips to Budget, a Thicket Looms

As a deadline to raise the federal debt limit approaches, lawmakers are just beginning to weigh the fiscal trade-offs necessary for a compromise that could clear the way for a Congressional vote.

U.S. Pledges to Raise Deportation Threshold

Officials say an enforcement program would focus more on deporting immigrants convicted of serious crimes.

For Want of a Word, Arizona's Jobless Lose Checks

Because of ideological opposition and other priorities, Arizona and some other states have not made the change needed to keep federally financed unemployment checks going.

A Watchdog Professor, Now Defending Himself

David Protess made a name for himself as the Innocence Project he led exonerated a dozen wrongly convicted defendants. Then he locked horns with a prosecutor.

Abracadabra! Magic Trumps Math at Web Start-Ups

Internet start-ups are using a variety of nonstandard financial approaches to spin their results into a more favorable light.

Deploying New Tools to Stop the Hackers

Security expects say that new hacking threats from smartphone and Web links require a new generation of tools.

All Those Online Videos, Still Chasing an Audience

Original online video has received publicity, but is still developing.

Delivering a Lawyer Within 15 Minutes (Soda Extra)

A new company, LawyerUp, promises to get people in trouble a lawyer within 15 minutes.

Highest Praise for McIlroy Comes From Inside the Ropes

Phil Mickelson was one of many who watched Rory McIlroy's record-setting shotmaking in wonder during the second round of the United States Open.

A Normal Teenager, Who's Playing in the Open

At 16, Beau Hossler is the youngest player at the Open this week - and one of the youngest in Open history.
Angels 4, Mets 3

Mets' Resilience Falls Flat for a Night

The Mets have been consistent in their inconsistency this season, and on Friday they suffered their second straight one-run loss.

American Star Shines in Hall of Mirrors

Craig Ferguson tapes a week of "The Late Late Show With Craig Ferguson" in Paris.

No Season for Loners: People (and Penguins) Stick Together in Films

What is the force bringing people together in the plots of the spring crop of movies, from "Thor" to "The Hangover Part II"? The economy? Evolution? Twitter?
Video Game Review

14 Years of Waiting Have Come to an End

The video game Duke Nukem Forever has been released after 14 years of development.
Flushing Meadows Journal

Towers With Babel's Diversity, but a Much Happier History

Terrace on the Park, the catering hall in Flushing Meadows-Corona Park, has three cavernous ballrooms, a versatile kitchen and breathtaking views.

Bruno Asks Appeals Court to Spare Him Another Trial

The conviction of the former New York Senate leader was undercut by a recent U.S. Supreme Court ruling. On Friday he asked a federal appeals court to leave it at that.

After Talks With G.O.P., Cuomo Expects Passage of Gay Marriage Bill

Gov. Andrew M. Cuomo said Friday that he expected a same-sex marriage bill to be approved soon by the New York State Legislature.

Back to Provence

Forty years after the honeymoon, a couple returns. What has changed more, the landscape or them?

36 Hours in Newport, R.I.

This harbor town is more than model ships and mansions: upstart restaurants, a boisterous night life and a beachy surf culture belie Newport's staid reputation.

Blood, Sand, Sherry: Hemingway's Madrid

Ernest Hemingway loved Madrid, leaving a distinct, mostly booze-stained trail.

Debt Limit Endgame

Damage control may be the best outcome to hope for in the negotiations between the White House and Republicans.

Syria's Nightmare

It is past time for President Assad to "get out of the way."

The Treaty and the Law

Congress should pass a law to ensure that foreign nationals who are arrested are told of their right to contact their embassy.

A Book at the Beach

With sand, seawater, suntan lotion, melting ice cream and who knows what else blowing by, can you actually read while relaxing seaside?
Op-Ed Contributor

How to End the N.F.L. Deadlock

Congress can - and should - intervene to force a resolution to the dispute.
Op-Ed Columnist

The Banking Miracle

The Glass-Steagall Act, signed into law in 1933, was amazingly radical, not just for its time, but for any time.
Op-Ed Columnist

Remembrances of My Father

Regardless of how damaged the relationship, it's always possible for a father to leave a stamp of love - no matter how small or seemingly inconsequential - on his child.
Op-Ed Contributor

Arab Spring, Kurdish Summer

It is time for Turkey's oppressed Kurdish minority to demand greater autonomy and freedom.
On June 18, 1948, the United Nations Commission on Human Rights adopted its International Declaration of Human Rights.

MarketWatch | Weekly Roundup - June 17th., 2011: Top Stories , June 13 - 17

Weekly Roundup
JUNE 17, 2011

MarketWatch top stories, June 13 - 17

By MarketWatch

NEW YORK (MarketWatch) — The S&P 500 Index and Dow Jones Industrial Average broke a six-week losing streak, ending the last five sessions overall slightly higher.

U.S. stocks saw a tumultuous week marked by choppy trading, options expirations, some progress among European nations seeking to prevent a Greek debt default and a mixed round of U.S. economic indicators.

Oh, and some Treasurys hit all-time low yields this week too.

We invite you to get a jump on the coming week with our look-ahead videos for Asia, Europe and the United States.

 U.S. Week Ahead: Greek crisis, tech earnings

 Asia's Week Ahead: Japan trade data

 Europe's Week Ahead: Paris Air Show takes off

Greg Morcroft, assistant managing editor

U.S. banks face $41 billion Greek exposure

As fears stirred by Greece's deepening debt crisis raced through global financial markets, a quick check of U.S. banks showed they risk losses of tens of billions of dollars should the Mediterranean nation default on its payments. U.S. banks had total exposure of $41 billion to Greece by the end of 2010, according to the latest figures, issued June 9, from the Bank for International Settlements. Most of the commitments appear to be indirect. Read MarketWatch story on U.S. bank's exposure to Greek debt.

How to fix America's damaged infrastructure

If America's prosperity depends on its roadways and transportation system, the future looks pretty rough. After more than a decade of declining tax revenue in the United States, highways are crumbling, rail lines are overburdened and airline corridors are congested. Analysts are pessimistic about making progress: There isn't enough money to maintain what the country has right now, much less to get to quality levels that are giving other nations a competitive advantage. Read MarketWatch report on U.S. infrastructure.

Do not give up on stocks quite yet

Things have been bleak on Wall Street lately, and many investors are wondering if they should call it quits. After all, it's been a pretty good run on Wall Street across the last 18 to 24 months. Don't do it. The next leg up for stocks could be even bigger. Read Jeff Reeves's commentary on MarketWatch.

America's most and least expensive housing markets

Niagara Falls, N.Y. is known for its beautiful views and as a popular tourist destination. But here's something you might not have known: It also has the most affordable housing market in the country. Six of the 10 most expensive housing markets in the country are in California, according to Coldwell Banker's annual Home Listing Report. Read MarketWatch report on the most expensive as well as the least expensive U.S. housing markets.

Nokia and Apple bury the the patent hatchet

Nokia Corp. (NOK) said it agreed to settle all patent litigation with Apple Inc. (AAPL), a move that's expected to have a positive impact on the Finnish firm's recently lowered second-quarter outlook. The agreement includes Nokia and Apple withdrawing their complaints to the U.S. International Trade Commission. The deal consists of "a one-time payment payable by Apple and ongoing royalties to be paid by Apple to Nokia for the term of the agreement," Nokia said. Read MarketWatch coverage of Apple-Nokia settlement.

That's right, the women are smarter investors

We men just make bad decisions. We can't help it. We're men. Women, on the other hand, do almost everything better. We've known this intuitively for a long time. If you didn't, just ask your wife or your mother. But now there's a raft of evidence that suggests women are better at everything — including investing. Women were more likely to make money in the market, mostly because they didn't take as many risks. Read David Weidner's column on MarketWatch.

Penney picks the golden Apple executive

J.C. Penney Co. (JCP) shares saw their biggest single-session percentage gain in at least 10 years after the midmarket department-store operator surprised investors with an executive coup, hiring Apple's retail-store chief, Ron Johnson, as its new CEO. Johnson, senior vice president of retail at Apple for the past 11 years, was credited with pushing the iPod and iPhone manufacturer's retail presence to its approximately 323 stores in the United States and abroad. Read MarketWatch coverage of J.P. Penney landing Apple exec.

No Oracle necessary, just place these bets to beat Greek default

You don't exactly need a crystal ball to know what the biggest event in the financial markets of the next 12 months is going to be: Greece defaulting on its debts.This week Standard & Poor's cut its rating on the country to CCC, the lowest of any nation in the world. Only last week we learned that Greek industrial production was down 11% year on year. Here are five trades you should start thinking about given Greece's outlook. Read Matthew Lynn's London Eye column, on MarketWatch.

Investors flee RIM as BlackBerrys go stale

More investors threw in the towel on Research In Motion Ltd. (RIMM) after the company's latest disappointing report, with half a dozen brokers downgrading the stock and more scaling back their price targets. The stock's 24% drop for the week put the shares at a record-low valuation. Even with the stock's potential appeal as a value play, most brokers still voiced concern about RIM's outlook and its core BlackBerry franchise. "Valuation goes out the window when you're losing share and the trends are going against you," said Mark McKechnie of ThinkEquity. "Their longer-term future is in question." Read about RIM's dismal earnings report and share drop on MarketWatch.

Pandora makes dramatic debut with valuation debate

Pandora Media Inc. (P) saw its shares cool following a strong jump earlier on the streaming-music company's IPO. The stock‘s current price would give the company a market value around $3 billion — without the overallotments exercised. Pandora sold 14.68 million shares in the offering. About 6 million of those shares came from the company, representing a total value of about $96 million under the offering price. The remaining 8.68 million shares came from selling shareholders. Read MarketWatch's coverage of the Pandora IPO.