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Jul 2, 2011

MarketWatch | Weekly Roundup: The Week's Top Ten Videos

Weekly Roundup
JULY 02, 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 27-July 1:

Meredith Whitney says beware July 1

Analyst Meredith Whitney predicted a dire summer for the muni market come July 1. Mark Gongloff warns Whitney's very specific claims could backfire.
 Watch Video Report.

Nook vs. Kindle: a day at the beach

The iPad is great for many things, but its screen is difficult to read in the sun. Katie Boehret tests both the Kindle and the Nook and gives digits her report on which one fared better at the beach.
 Watch Video Report.

Could you live off the grid?

Alleged mobster "Whitey" Bulger lived off the grid for 16 years before the Feds finally caught up with him. Kelsey Hubbard talks to Brett Arends about how he did it and how an average person could do it too.
 Watch Video Report.

Greece sells assets to whittle down debt

To help get out of its debt crisis, the Greek government has come up with a way to raise some cash: Sell off everything from planes and trains to huge parcels of land along the Greek coastline. Charles Forelle reports from Athens.
 Watch Video Report.

Consider bond funds, dividend-yielding stocks

Hope is not a plan, so seek out value in parts of the bond market, as well as in dividend-yielding stocks in solid companies, according to Kurt Brouwer. Jonathan Burton reports.
 Watch Video Report.

Gay marriage is good for Wall Street

Wall Street, once considered a bastion of macho stereotypes, has undergone a makeover, and is supportive of New York's gay marriage law. David Weidner discusses.
 Watch Video Report.

How TouchPad stacks up to iPad

Walt Mossberg discusses his review of the H-P TouchPad, the latest entrant into the tablet market. Despite some nice features on the device, he says, H-P and other tablet makers have yet to introduce something that compares to Apple's tablet.
 Watch Video Report.

Analyst's bold call on RIM stuns Wall Street

Perhaps the most exciting news for investors this week occurred when an analyst from Macquarie Capital stepped up with his audacious buy recommendation on the troubled shares of Research In Motion Ltd. But did he know something the rest of us don't? David Callaway comments.
 Watch Video Report.

Colbert's super PAC get super thumbs up

The Federal Election Commission approves the comedian's bid to create the Colbert Super PAC, which allows him to raise money from donors in advance of the 2012 presidential elections.
 Watch Video Report.

Court knocks out violent videogame law

The Supreme Court says the state of California cannot ban the sale or rental of violent videogames to minors and rules on campaign-finance reform before adjourning for the term. Kelsey Hubbard discusses these decisions, plus which cases the court will take up in the fall with Ashby Jones.
 Watch Video Report.

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Facebook Engineer Builds Google+ Inspired Facebook Hack: The Washington Post Today's Headlines | Business

The Washington Post

Bin Laden’s al-Qaeda revealed
U.S. officials have found communication about an Arab state, CIA drone “explosions,” traitors and al-Qaeda’s finances in the trove of files collected at the compound where the terrorist network’s leader was killed.
(By Greg Miller)

Budget paralysis shuts down Minnesota government
The gap between what governments have promised and what they can afford is evident in many countries. But it is hitting with full force in Minnesota, where the government closed down.
(By Neil Irwin and Rachel Weiner)

Dominique Strauss-Kahn released from house arrest
Former International Monetary Fund managing director Dominique Strauss-Kahn was freed on his own recognizance after weeks under house arrest in Manhattan as doubts grew about the credibility of the woman who accused him of rape.
(By Howard Schneider and Zachary Goldfarb)

Debt issue looms over lawmakers’ holiday
Yet optimists in the White House and on Capitol Hill are confident a deal can get done.
(By Paul Kane and Lori Montgomery)

In Yemen, violence fuels economic collapse
Among the most damaging attacks was one aimed at an oil pipeline in retaliation for U.S. airstrikes.
(By Sudarsan Raghavan)

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

TwittHab: Cuban tweeters meet face to face, celebrate budding community despite slow Internet
HAVANA — A few dozen members of Cuba’s small but growing Twitter community have met in real space for the first time. They got to put unfamiliar faces with familiar user names, and they commiserated about the woeful Internet access on an island that has the second-worst Web connectivity rate in the world.
( Associated Press Associated Press , AP)

2012 hopeful Huntsman backs D.C. voting rights

( by Ben Pershing , The Washington Post)

Another member of Prince George’s council calls for Leslie Johnson’s resignation
A fourth member of the Prince George’s County Council joined the call Friday for Leslie Johnson’s swift resignation from the council.
( by Miranda S. Spivack , The Washington Post)

Tooting his horn through the streets
Reliving his college band glory days, Tuba Guy is gaining local fame by playing outdoors in Fairfax County.
( by Fredrick Kunkle , The Washington Post)

Ever the aunt, never the godmom
It’s the baptism of her seventh nephew and once again she’s not asked to be godparent. Is there a snub here?
( by Carolyn Hax , The Washington Post)

Hints From Heloise: Shelter assistance
This Heloise flashback column addresses donations to animal shelters and other pet-related matters.
(, King)

Ask Amy: Wedding guests want to pack heat
My grandson is getting married soon, and some members of our family who have “concealed carry” permits want to bring their guns. My grandson requested that they not bring guns, but the relatives are adamant.
(, Tribune Media Service)

Worried about behavior in a child and an adult
A reader suspects that a friend’s son has autism; another worries about a brother’s lifestyle.
(, The Washington Post)

Pictures from a recent airshow featuring the U.S. Air Force Thunderbirds can be described in one word: Wow.
(, The Washington Post)

Andy Murray, like Raymond Poulidor at the Tour de France, risks becoming 'the eternal second'
WIMBLEDON, England — “Andy! Let’s win one, come on!” came a man’s booming and pleading voice from high in the Centre Court crowd, with a London accent as thick as dark ale.
( Associated Press Associated Press , AP)

Choi builds two-shot lead at AT&T National
With five birdies over his last six holes, K.J. Choi had a 6-under 64 to match the lowest score in the two years the AT&T National has been played at Aronimink.
( Associated Press Associated Press , AP)

Long shot filly Skipton Creek holds off favored Rosehill Dew to win Hollywood Park feature
INGLEWOOD, Calif. — Long shot Skipton Creek and jockey David Flores beat heavy favorite Rosehill Dew by a head to win the $57,900 feature at Hollywood Park on Friday night.
( Associated Press Associated Press , AP)

Torii Hunter hurt, Angels struggle in 5-0 Freeway Series loss to Dodgers
ANAHEIM, Calif. — The Los Angeles Angels just got Torii Hunter back after his painful collision with the right field wall. Now he’s hurting again after being hit on his left hand by a pitch.
( Associated Press Associated Press , AP)

Padres falter to start road trip in Seattle, silenced by Vargas in 6-0 loss
SEATTLE — The Padres got a big road trip started in a bad way.
( Associated Press Associated Press , AP)

US and Spain renew call for Gadhafi to leave power; say his threats won't deter NATO mission
MADRID — The United States and Spain say they won’t let Moammar Gadhafi’s threats of attacks against Europe deter their mission to protect Libyan civilians and force him to leave power.
( Associated Press Associated Press , AP)

40 Chinese miners trapped, 3 dead in twin disasters including flooding and cave-in
BEIJING — A coal mine flood in southwestern China trapped 21 miners underground, while a cave-in at another mine Saturday killed at least three workers and left 19 others sealed off, officials said.
( Associated Press Associated Press , AP)

Nissan auto plant hustling on weekend to fight power crunch from nuclear crisis
YOKOSUKA, Japan — Nissan’s plant is busily rolling out the Leaf electric car and other models on a Saturday, having shifted production schedules for an aggressive nationwide effort to fight the power crunch created by a tsunami-crippled nuclear plant.
( Associated Press Associated Press , AP)

Thousands protest in cities across Syria
BEIRUT — Hundreds of thousands of protesters flooded cities around Syria on Friday in what activists described as the largest outpouring against the regime of President Bashar Assad and a powerful message of the opposition’s resolve. At least 14 people were killed in various clashes, activists said.
( Associated Press Associated Press , AP)

Jordan's PM reshuffles Cabinet as calls increase for his resignation
AMMAN, Jordan — A top government official says Jordan’s prime minister is reshuffling his Cabinet.
( Associated Press Associated Press , AP)

Eric Prisbell on Maryland coach Mark Turgeon
Washington Post college basketball writer Eric Prisbell takes your questions on Maryland basketball coach Mark Turgeon and other college basketball news and issues.
(, vForum)

Rabbi Brad Hirschfield's ethical take on the news (Video)
Join Rabbi Brad Hirschfield as he talks about the ethical and moral issues raised by the week's biggest stories.
(, 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)

Former astronaut discusses NASA's last-ever shuttle launch
Scott Altman discusses NASA's last-ever shuttle launch and what will be the new frontier.
(, vForum)

Lisa de Moraes on the TV Column
Post TV columnist Lisa de Moraes is back and ready to chat about all the drama, comedy and heartbreak of the world of television -- both onscreen and behind-the-scenes!
(, vForum)

Facebook Engineer Builds Google+ Inspired Facebook Hack

( by ,

Carpooling Startup Zimride Hits 100 Million Miles Served [Infographic]

( by ,

Paul Adams: Seeing Google+ In Public Is Like Bumping Into An Ex-Girlfriend.

( by ,

Nortel to sell patent portfolio for $4.5 billion to consortium that outbid Google
NEW YORK — A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from bankrupt telecom-equipment maker Nortel Networks Corp.
( Associated Press Associated Press , AP)

WikiLeaks Intends To Sue Visa And MasterCard For Blocking Payment

( by ,

Facebook Engineer Builds Google+ Inspired Facebook Hack

( by ,

Carpooling Startup Zimride Hits 100 Million Miles Served [Infographic]

( by ,

Paul Adams: Seeing Google+ In Public Is Like Bumping Into An Ex-Girlfriend.

( by ,

Nortel to sell patent portfolio for $4.5 billion to consortium that outbid Google
NEW YORK — A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from bankrupt telecom-equipment maker Nortel Networks Corp.
( Associated Press Associated Press , AP)

Australian agency grounds Tiger Airways subsidiary's domestic flights, says jets flew too low
CANBERRA, Australia — An air safety watchdog on Saturday grounded all Australian domestic flights of a Tiger Airways subsidiary for the next week, saying the budget airline twice flew under the minimum allowed altitude. About 35,000 passengers are affected, and more could follow if the airline fails to quickly address regulators’ concerns.
( Associated Press Associated Press , AP)

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


Strauss-Kahn Is Released as Case Teeters

In a court hearing, prosecutors acknowledged serious problems with the credibility of the hotel housekeeper who said that Dominique Strauss-Kahn attacked her.

Strauss-Kahn Accuser's Call Alarmed Prosecutors

A phone call a housekeeper made after she said she was sexually assaulted by Dominique Strauss-Kahn was part of a series of statements, fabrications and associations that unraveled the case.

U.S. Expands Its Drone War Into Somalia

New evidence indicates that Al Qaeda's franchise in Yemen and the Islamist militancy in Somalia are possibly plotting attacks against the United States.
"It is an oxymoron. But boardwalk has become eponymous, in the way Kleenex is for paper tissue. It is a generic term for an elevated oceanfront walkway, and other communities use concrete."
ADRIAN BENEPE, the New York parks commissioner, on the city's move away from wooden boardwalks.


Interactive Feature: Harry Potter and the Billion-Dollar Franchise

A look at how Harry Potter evolved from a figment of a teacher's imagination into the foundation of an entertainment empire.
Dead in the Water?
Opinionator | The Thread

Dead in the Water?

The bizarre controversy surrounding the flotilla to Gaza gets washed ashore in Greece.

Tens of Thousands of Syrians Protest in Central City of Hama

The gathering appeared to be the biggest demonstration since the Syrian uprising began nearly four months ago.

Thousands in Cairo Return to Tahrir Square to Protest the Slow Pace of Change

The protest came just days after renewed clashes between protesters and the police left hundreds injured.

Qaddafi Threatens Europe With Attacks

In a defiant speech to supporters, Col. Muammar el-Qaddafi also seemed to leave open a door to negotiations.

No End in Sight as Minnesotans Grapple With State Shutdown

The two sides appear far apart, and no one is confident of a quick resolution.

Court Overturns Michigan Affirmative-Action Ban

State voters passed a ban on the consideration of race and gender in college admissions in 2006.

For Washington, a Trek to Daylight

In Washington, Metrorail commuters will have to wait longer for repairs to the aging escalators.
Washington Memo

Change (but Not Too Much) at the Top of the Pentagon

An emphasis on continuity as Leon E. Panetta takes over in a time of wars and budget cuts.

For 2 Republican Leaders, a Bond, Not a Rivalry

On issues like spending and health care, there has been scant daylight between John A. Boehner and Mitch McConnell.

What Does Newt Gingrich Know?

Let's consult the literature - all 21 books by the self-proclaimed ideas man of politics.

What's Inside The Bun?

Manufacturers of processed meats like frankfurters are pushing for more accurate labeling rules when it comes to cancer-causing nitrite and nitrate.

As Net Stocks Sizzle, Zynga Aims High for Its I.P.O.

The filing by the online gaming company comes amid a growing sense of urgency among some of the largest Web companies to go public.

An Accordion Epicenter Shrinks and Thrives

An Italian town that has been the home of high-end accordion makers for decades has survived changing musical tastes and competition by focusing on quality.

Apple and Microsoft Beat Google for Nortel Patents

The defunct Canadian telecommunications equipment maker sold more than 6,000 patent assets to a consortium of technology and telecom giants for $4.5 billion in cash.

Citing Homeless Law, Hackers Turn Sights on Orlando

The hacker group Anonymous disabled several Web sites as punishment for the city's arrests of people who help feed the homeless.

Mobile Phone Roaming Charges Set to Drop in Europe

The per minute charge for making a voice call in the European Union is to fall on Friday to 35 cents a minute from 39 cents, and to 11 cents from 15 cents for receiving a call.
Yankees 5, Mets 1

Something Had to Give and Mets Falter First

The Yankees struck early against the Mets, who left 11 runners on base, in a crosstown matchup of surging teams.

Djokovic, Set for No. 1, Is Looking to Add Title

Novak Djokovic, the 24-year-old Serbian who is 47-1 this season, beat Jo-Wilfried Tsonga, while Rafael Nadal, the defending champion, ousted Andy Murray.

Players Are Locked Out From N.B.A.'s Web Site, Too

As the N.B.A.'s lockout commenced, the league stripped all images of its 400-plus players from its Web sites.
Critic's Notebook

The Science of Song, the Song of Science

For her latest venture, "Biophilia," Björk has brought together recording-studio collaborators, instrument makers, smartphone app designers, scientists and a musicologist.
Music Review

Ever the Charmer, Brazen and Sly, but at a Faster Clip

R. Kelly performed a (mostly) brisk survey of his catalog at the Prudential Center in Newark on Thursday night.
Critic's Notebook

What's Scrabble When You Can Play Novelist?

The paperback game - a variation on games with poetry or Bartlett's Familiar Quotations - lets players create their own openings to genre novels.

News of Turnaround in Dominique Strauss-Kahn Case Stuns France

The possible collapse of sexual assault charges against Dominique Strauss-Kahn hit France on Friday morning like a whirlwind.

Accuser's Fellow Guineans Express Bewilderment

In neighborhoods where West Africans gather, people were discussing the turn in the Dominique Strauss-Kahn case.

A Fight Over Keeping Boards in the Boardwalk

The city's efforts to stop using endangered tropical hardwoods as it replaces the Coney Island Boardwalk's planks raise aesthetic, pragmatic and linguistic issues.

Vineyards by Vespa

Quiet roads along the hills of the Collio wine region lead to a jovial crew of benevolent hosts and some of Italy's crispest whites.

36 Hours in Cape May, N.J.

This Jersey Shore town may have embraced a more stylish persona, but you'll still find all the classics: horse-drawn carriages, mini-golf and endless days at the beach.
Practical Traveler

New Ways to Visit Cuba - Legally

The Treasury Department is once again granting so-called people-to-people licenses, which greatly expand travel opportunities for Cuba-bound visitors.

The Pentagon After Mr. Gates

The military is now leaner and more oriented toward challenges of the 21st century, but change has only started.

What Gov. Cuomo Left Undone

Redistricting, campaign finance reform and curbing state pensions are still on the agenda in New York.

Slavery in the Modern Age

Anyone who thinks slavery ended with the 13th Amendment is not paying attention.
Editorial | The Rural Life

One Fine Day

The chaos of life on the farm, with its overlapping settlements and empires, creates an almost perfect day.
Op-Ed Contributor

Hemingway, Hounded by the Feds

A friend of Ernest Hemingway recalls the last year of his life, when he suffered from depression and paranoia.
Op-Ed Contributor

Pay Workers Fairly and Save Money

President Obama should mandate, in an executive order, that all federal contractors obey the wage and hour laws already on the books.
On July 2, 1937, aviator Amelia Earhart and navigator Fred Noonan disappeared over the Pacific Ocean while attempting to make the first round-the-world flight at the equator.

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS: Greece to Get $17.4 Billion in Immediate Aid

July 2, 2011


The announcement of Japan Airlines's possible venture with the Australian airline Jetstar comes as several overseas low-cost carriers, including AirAsia, are introducing regular flights to Japan.


Euro zone finance ministers have decided to announce the release of billions in bailout funds for Greece so it can avoid imminent default.


Thomas J. Curry will be nominated to lead the Office of the Comptroller of the Currency, a banking regulator whose acting chief has been criticized by Democrats as obstructing reforms.

MarketWatch | Weekly Roundup: Top Ten Stories June 27 - July 1


Weekly Roundup
JULY 01, 2011

MarketWatch's top 10 stories June 27–July 1

By MarketWatch

U.S. stocks soared Friday, tallying a fifth consecutive day of gains to put the benchmark indexes all up more than 5% for the week.


The Dow Jones Industrial Average (DJIA) gained 5.4% for the week. The Standard & Poor's 500 Index (SPX) rose 5.6%, and the Nasdaq Composite Index (COMP) was up 6.2% from its week-ago finish.

Also, please be sure to watch our Week Ahead videos for Asia, Europe and the U.S.

— Greg Morcroft, assistant managing editor

 Europe Week Ahead: ECB rate hike?

 Asia Week Ahead: Malaysia, Australia rate talks

 U.S. Week Ahead: Monthly Jobs Report, Same Store Sales

Commentary: Are you better off than on Oct. 9, 2007?

Forget all those midyear scorecards that tell us how stocks have done over the last six months.The far more important investment scorecard shows where we are today relative to the Oct. 9, 2007, stock-market high. The picture painted by the major market averages, of course, is rather grim. The Dow is about 2% below its all-time high, and the S&P 500 is nearly 16% off its best ever measure. But a different picture emerges when we focus on other parts of the stock market. Read Mark Hulbert commentary on stocks' recent history.

Commentary: After earnings, a long, hot summer

U.S. stocks have ripped higher in the past week on optimism that the government of Greece would be able to impose austere budget measures. But the real problem ahead for markets, in short, is that watching the pain in Greece is like holding up a mirror to the future of the United States and seeing it reflect back a world of hurt. Read Jon Markman's Speculations column.

Some gold bugs think storm has passed

Gold stumbles, but some gold bugs think the storm has passed. When Peter Brimelow last wrote on gold, the metal was looking good — but he described gold shares as a "train wreck", while noting that a number of observers were thinking the gold shares might have lagged too much. In the past week, it is tempting to say the situation has reversed. Read Peter Brimelow column on recent gold activity.

Commentary: Companies are buying stock, but insiders aren't

A new report from TrimTabs has blown the whistle on what really went on behind the stock-market "boom" we saw in the first quarter, when the S&P 500 rose more than 5%. No wonder everyone turned bullish by the end of March — just before the market started tanking again. So who was driving up the market? What was creating this boom? Turns out it was the companies themselves. TrimTabs says companies spent $124 billion in the first three months of the year trying to boost their share prices by buying up stock. Read Brett Arend's commentary on stock buybacks.

Bank of America to book $14 billion provision in second quarter

Bank of America Corp. (BAC) confirmed plans Wednesday to pay $8.5 billion to settle claims by a group of high-profile investors who lost money on mortgage-backed securities purchased before the U.S. housing collapse, while also disclosing a $5.5 billion second-quarter provision tied to its exposure to government-run mortgage giants Fannie Mae and Freddie Mac, among other things. The investor settlement ends a nine-month fight with a group of 22 investors who hold more than $56 billion in mortgage-backed securities, including the giant money manager BlackRock Inc., the insurer MetLife and the Federal Reserve Bank of New York. Read about Bank of America's record mortgage settlement, on MarketWatch

The most important point in market history

Todd Harrison wants to be bullish ... But hope is not a viable investment vehicle.He's dutifully weighed both sides of the market ride and last month offered that the trading compass pointed to S&P 500 at 1,250, and it got pretty close. Still, he'll chew through the macro dew one more time, for this is perhaps the most important juncture of the year—if not, and he's not prone to hyperbole, history. Yes, history. Read Todd Harrison commentary on MarketWatch

Microsoft launches cloud-based Office 365

With an eye on a bigger bite of the cloud, Microsoft Corp. (MSFT) launched a web-based package of its Office Suite on Tuesday in a move to ramp up its efforts in the fast-growing cloud software market. Microsoft's rebranding of its signature Office product line as a cloud tool could give it a boost when it has been criticized by some as taking too long to establish itself as a serious player in the new arena. The new subscription-based service is targeted at small and mid-sized businesses that often lack the resources to purchase more traditional software. Read MarketWatch coverage of Microsoft's new Office 365

U.S. home prices up for first time in eight months

U.S. home prices in April rose for the first time in eight months, according to data released Tuesday that may reflect more of the beginning of buying season than a new sign in the troubled sector of the economy. Home prices rose 0.7% in April, trimming the year-on-year decline to 4%, according to the S&P/Case-Shiller 20-city home price index, which is one of the most closely followed gauges. The data was roughly in line was consensus estimates.There were gains in 13 of the 20 cities, led by a 3% gain in Washington D.C., the only city that also has seen year-on-year advances. Read MarketWatch coverage of the U.S. housing market

5 ways to protect yourself from credit-card fraud

Bank of America may be facing problems modifying mortgages for struggling homeowners, but consumers with its credit cards can take comfort from this: The bank nabbed the best scores in an annual tally of card issuers' efforts to combat identity fraud.Of the 23 card issuers analyzed, Bank of America came out on top in all three categories — prevention, detection and resolution — to finish its fifth straight year as the best in class in Javelin Strategy and Research's seven years of roundups. Read Jennifer Waters Consumer Confidential column, on MarketWatch

Los Angeles Dodgers file for bankruptcy

Five world championships since bailing from Brooklyn nearly 54 years ago. Nine pennants. Several Hall of Famers. Six Cy Young winners. Four National League MVPs. Dodger Dogs. Vin Scully. Now, one bankruptcy.After struggling to meet financial obligations while its owners wrestle with an ugly divorce, the Los Angeles Dodgers, one of the most storied teams in professional sports, filed for Chapter 11 bankruptcy protection Monday. Dodgers owner Frank McCourt, in an effort to keep from losing the franchise and just three days before payroll came due, blamed the filing on Major League Baseball Commissioner Bud Selig's refusal to approve a $3 billion, 17-year broadcasting deal with Fox. Read SportsWatch, on MarketWatch