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Aug 6, 2012

NYT Global Update Monday, August 6 2012: Greece Faces Further Reviews Before Release of Aid

Global Update



TOP NEWS

Wisconsin Gunman Identified as U.S. Army Veteran

By STEVEN YACCINO, JENNIFER PRESTON and SERGE F. KOVALESKI
Officials said the gunman, shot and killed by the police, was Wade Michael Page, an Army veteran who a rights watchdog said had white supremacist ties.

Prime Minister Has Defected, Syrian Opposition Says

By DAMIEN CAVE and HWAIDA SAAD
Prime Minister Riyad Farid Hijab fled the country in what appeared to be the highest level defection from President Bashar al-Assad's government thus far.

British Bank Accused of Hiding Transactions With Iranians

By JESSICA SILVER-GREENBERG
New York State's banking regulator said Standard Chartered Bank hid about 60,000 transactions worth at least $250 billion within the bank.
Sports

Interactive Graphic: One Race, Every Medalist Ever

Usain Bolt's 9.63 set an Olympic record in the 100. So how far ahead of every Olympic medalist is he?
Opinion

Latitude

The Shame of Putin's Courts

By MASHA GESSEN
The Pussy Riot show trial is a cynical travesty of justice, bringing an increasingly familiar sense of shame to Russians.
WORLD

Israel Bars Foreign Envoys From West Bank Meeting

By JODI RUDOREN
Delegations from five countries were denied permission to use Israeli border crossings because their governments do not recognize the state of Israel, a decision that angered the Palestinians.

48 Captives Are Iran 'Thugs,' Say Rebels in Syria

By DAMIEN CAVE and HWAIDA SAAD
As fighting continued throughout Syria, the rebels insisted that their hostages were members of Iran's elite Revolutionary Guards, not religious pilgrims.

As Syria War Roils, Unrest Among Sects Hits Turkey

By JEFFREY GETTLEMAN
With Syria's war devolving into a bloody sectarian showdown, tensions have increased across the border between Turkey's Alawite minority and its Sunni Muslim majority.
BUSINESS

Greece Faces Further Reviews Before Release of Aid

By NIKI KITSANTONIS
The troika of international lenders plans to return to Athens in early September for a final review of the government's finances before agreeing to disburse loan installments.
The iEconomy

In Pursuit of Nissan, a Jobs Lesson for the Tech Industry?

By BILL VLASIC, HIROKO TABUCHI and CHARLES DUHIGG
Executives have long said America can't compete in building electronic devices. But the migration of carmaking from Japan is a case study in the most unlikely of transformations.

Marcus Samuelsson, a Chef, a Brand and Then Some

By ADRIENNE CARTER
The question for Marcus Samuelsson, the chef, restaurateur, author, food impresario and media personality, is how far and how fast he can expand his personal brand.
TECHNOLOGY

Security Start-Ups Catch Fancy of Investors

By NICOLE PERLROTH and EVELYN M. RUSLI
In the last year, the initial public offerings of once obscure security start-ups have outperformed the offerings from household names like Facebook and Zynga.

With Live Streaming and New Technology, BBC Tries to Be Everywhere at the Olympics

By ERIC PFANNER
Unlike its counterpart in the United States, the BBC is providing marathon live coverage during the Games, with 24 live feeds from different events.
Bits Blog

Counting the Mobile Costs for Bing

By QUENTIN HARDY
Microsoft says its Bing search engine has caught up with, even surpassed, Google in search quality. It credits huge spending on computation-heavy artificial intelligence techniques. That requires getting a lot of data from diverse sources, though, and cutting a lot of deals. The costs may rise as search goes mobile.
SPORTS

At Site of Heartbreak, Murray Overwhelms Federer for Gold

By CHRISTOPHER CLAREY
Andy Murray was unstoppable against Roger Federer in the gold medal match in men's singles, winning, 6-2, 6-1, 6-4, in only 1 hour 56 minutes.

Pistorius Misses Chance at Final, but Remains Upbeat

By SAM BORDEN
Oscar Pistorius, the double-amputee runner from South Africa, was eliminated in the semifinals of the men's 400-meter at the London Olympics.

American Slips at the Finish, Losing Her Grip on the Gold

By JULIET MACUR
The American McKayla Maroney, the overwhelming favorite to win a gold medal, fell in her second of two turns.
U.S. NEWS

Gunman Kills 6 at a Sikh Temple Near Milwaukee

By STEVEN YACCINO, MICHAEL SCHWIRTZ and MARC SANTORA
In addition to the dead, three people, including a police officer, were injured in the attack at the Sikh Temple of Wisconsin, officials said.

Fairs, Like Crops, Are Drooping With the Heat

By MONICA DAVEY
At county and state fairs across corn country this year, the most widespread drought since the 1950s is evident, as the hot summer has seeped into even the cheeriest, oldest tradition.

Plan to Speed Travel With Toll Road in Maine Hits a Nerve

By KATHARINE Q. SEELYE
The idea of an east-west highway has been kicking around for decades. But a proposed private road has a good chance of becoming reality, and opponents say it would ruin the state.
OPINION
Op-Ed Columnist

Dream, Baby, Dream!

By ROGER COHEN
Mitt Romney piles on the foreign policy foolishness, and manages to miss the Mideast's great cultural shift.
Op-Ed Columnist

The Leak Police

By BILL KELLER
Washington is hysterically trying to close off leaks of classified information. It should not be that way.
Editorial

Republicans Fail a Security Test

The Senate blocked a new measure aimed at protecting America's vulnerable computer networks from cyberattacks, leaving the nation at grave risk.

NYT Breaking News: Exclusive: Hospital Chain Internal Reports Found Dubious Cardiac Work

Breaking News 
The New York Times
Monday, August 6, 2012
-----

Hospital Chain Internal Reports Found Dubious Cardiac Work

HCA, the largest for-profit hospital chain in the country, is confronting evidence of unnecessary cardiac treatments at some of its medical centers in Florida after a nurse's complaint prompted an internal investigation.

The inquiry found that the complaint was far from the only evidence that unnecessary — even dangerous — procedures were taking place at some HCA hospitals, driving up costs and increasing profits.

HCA, the largest for-profit hospital chain in the United States with 163 facilities, had uncovered evidence as far back as 2002 and as recently as late 2010 showing that some cardiologists at several of its hospitals in Florida were unable to justify many of the procedures they were performing. Those hospitals included the Cedars Medical Center in Miami, which the company no longer owns, and the Regional Medical Center Bayonet Point. In some cases, the doctors made misleading statements in medical records that made it appear the procedures were necessary, according to internal reports.

Read More:
http://www.nytimes.com/2012/08/07/business/hospital-chain-internal-reports-found-dubious-cardiac-work.html?emc=na

GATA | THE GATA DISPATCH: More support for CFTC Commissioner Chilton's work against market manipulation

More support for CFTC Commissioner Chilton's work against market manipulation

6:51p ET Monday, August 6, 2012

More support for U.S. Commodity Futures Trading Commission member Bart Chilton comes tonight from financial writer Christopher Barker, who observes that suspicion of U.S. government manipulation of the gold and silver markets is growing throughout the world. Barker's commentary is headlined "CFTC Commissioner Bart Chilton Comments on the Silver Investigation" and it's posted at the Motley Fool here:

http://www.fool.com/investing/general/2012/08/06/cftc-commissioner-bart-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Stocks and Markets in the News | After Hours Trading: Leap, Caribou Coffee shares drop after hours

By Carla Mozee, MarketWatch 

LOS ANGELES (MarketWatch) — Leap Wireless International Inc.’s report Monday evening showing a wider-than-expected quarterly loss was followed by a slide in late-traded shares of the prepaid wireless carrier, and a downbeat sales outlook from Caribou Coffee Co. put pressure on its stock. 

Shares of Leap Wireless LEAP +5.75%  fell 10% at $4.98 after the company, which runs Cricket Wireless, said it lost $41.6 million, or 54 cents a share, on revenue of $786.8 million for the second quarter. The result was below the FactSet consensus estimate of a per-share loss of 50 cents on $836.8 million in revenue. 

Looking into prepaid-mobile plans You won't be able to get a fancy phone cheap, and most plans still don’t cater to heavy data users, but there are some good reasons to reconsider prepaid. Lauren Goode reports. 

Leap’s Chief Executive Doug Hutcheson said in a statement that the company’s customer results “were softer than anticipated.” Leap reported a net loss of 289,000 customers to end the quarter with 5.9 million customers. 

A year ago, Leap lost $58.4 million or 85 cents a share on $760.5 million in sales.

Stock in Caribou Coffee CBOU -4.37% fell 5.9% at $10.30, with the coffee retailer cutting its sales outlook for the second time since late February. Caribou cited fewer sales of its coffee sold on Green Mountain Coffee Roasters Inc.’s GMCR -0.74%  K-Cup platform as reason for the outlook.

Caribou now expects no sales growth in 2012. Earlier this year, the company had expected growth of 10%. Shares of Green Mountain were down 0.8% at $21.30 in light volume after hours.  
Investors also pushed Pfizer Inc. shares lower after the company and Johnson & Johnson Inc. said they are halting development of an intravenous treatment for patients with mild to moderate Alzheimer’s disease, after a second clinical trial failed. Pfizer PFE -0.08%  shares fell 2.3% to $23.70, but J&J JNJ -0.41%  shares managed to turn higher, by 0.2% to $68.98. 

J&J said it would take a related charge of $300 million to $400 million in the third quarter.
Pfizer and J&J unit Janssen had partnered on developing the compound bapineuzumab. In late July, the two said bapineuzumab failed to improve patient symptoms in a late-stage clinical trial, but that they would continue three other studies of the drug. 

Ahead of the late session, U.S. stocks rose on better-than-anticipated corporate earnings and easing concern about Europe’s debt troubles. However, stocks ended off intraday highs. The Dow Jones Industrial Average DJIA +0.16% closed up 21 points, or 0.2%, to 13,117.51. The S&P 500 Index SPX +0.23%  gained 0.2% to 1,394.23 and the Nasdaq COMP +0.74%  climbed 0.7% to 2,989.91. Read more on U.S. stocks. 
 
Carla Mozee is a reporter for MarketWatch, based in Los Angeles.

Reuters Elections 2012: Romney, Republicans again outraise Obama in July







Romney, Republicans again outraise Obama in July

WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney and the Republican National Committee raised $101.3 million in July, once again outpacing President Barack Obama and Democrats with a big month of financial strength ahead of the November 6 election.



Context takes a holiday: Campaign feeds off misleading claims
WASHINGTON (Reuters) - When Republican Mitt Romney was in Europe last week, his presidential campaign staged 18 events in one day across the United States, all based on a line that President Barack Obama had uttered a couple of weeks earlier: "You didn't build that."



Romney says more Fed stimulus would not help U.S. economy

WASHINGTON (Reuters) - Republican presidential candidate Mitt Romney said on Sunday that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile U.S. economy.



Rice, McCain and three would-be running mates to headline Republican convention

WOLFEBORO, New Hampshire (Reuters) - A who's who of Republican leaders, including three thought to be possible running mates for Republican presidential candidate Mitt Romney, will kick off the party's convention this month.




Key Republicans accuse top Democrat of lying on Romney tax charge

WASHINGTON (Reuters) - The U.S. presidential campaign's war of words turned increasingly bitter on Sunday with two influential Republicans accusing the top Senate Democrat of lying when he said their party's presidential hopeful, Mitt Romney, had not paid income taxes for 10 years.




After "Halftime in America," Clint Eastwood picks Team Romney

KETCHUM, Idaho (Reuters) - Mitt Romney must be feeling lucky,


Camp "Romneyville" protesters ready to greet Republican convention

TAMPA, Florida (Reuters) - A group of protesters in pink tents are creating a headache for Tampa city officials after they rented land inside a restricted zone near the location of the Republican National Convention being held in Tampa later this month.


Democratic group retracts prostitution claim against Sands CEO

(Reuters) - The Democratic Congressional Campaign Committee retracted statements it made linking Las Vegas Sands Chief Executive Sheldon Adelson with funds it said came from "Chinese prostitution money" and that it said had been contributed to Republican congressional candidates.




A battleground is a battleground is a battleground – or is it?

A new study by the University of Minnesota shows broad disagreement among news outlets over which states are swing states - those considered neither firmly Democratic nor Republican – in the Nov. 6 election.