Aug 27, 2012
As Tropical Storm Isaac diverted attention from the delayed Republican convention, the Romney campaign was monitoring a potential challenge from restive delegates when it does begin.
"I think the American people are going to vote with their wallets on Election Day," said John A. Boehner, the Republican House speaker.
Republican leaders said there was unity in the drive to unseat President Obama, but they expressed concerns about challenges to the establishment.
August 27, 2012
By KAREEM FAHIM and RICK GLADSTONE
The statement by the French president, François Hollande, represented the furthest any Western leader had gone in pressuring President Bashar al-Assad of Syria.
By JUSTIN GILLIS
With weeks left to go in the melting season, ice in the Arctic has fallen to the lowest level on record, scientists say, and they are investigating whether the decline is contributing to extreme weather farther south.
By GRAHAM BOWLEY and RICHARD A. OPPEL Jr.
In three separate attacks on Sunday and Monday, an Afghan soldier killed two American troops, attackers killed 10 Afghan soldiers at a checkpoint, and the Taliban cut the throats of 17 civilians.
By REECE JONES
The United States, Israel and India have all spent billions to build walls along their borders. To what end?
By an EMPLOYEE of THE NEW YORK TIMES in SYRIA and DAMIEN CAVE
With more than 200 bodies found over the weekend, the assault in Daraya, a suburb of Damascus has begun to look like one of the deadliest short-term raids of the uprising.
By JIM YARDLEY
Opposition lawmakers shouted down Prime Minister Manmohan Singh as he rebutted claims that sweetheart coal deals with power companies had cost the government $34 billion in royalties.
By SALMAN MASOOD
Pakistan's Supreme Court on Monday delayed pressing contempt charges against Prime Minister Raja Pervez Ashraf, a move some analysts saw as a softening of the court's posture.
Gingrich's professor, surrogate hats the same: CBS NEWS | Political Hotsheet Top Stories - August 27, 2012 -.
MarketWatch: Dow industrials end lower; Apple helps lift Nasdaq: Stocks and Markets in the News | Wall Street at Close report - August 27, 2012 -.
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Blue-chip stocks closed lower Monday, ahead of Federal Reserve Chairman Ben Bernanke's speech at a Fed retreat later this week, while gains in shares of Apple Inc. helped lift the Nasdaq Composite. The Dow industrials DJIA -0.25% closed down 33 points, or 0.3%, at 13,124.67. The Nasdaq Composite COMP +0.11% rose 3.4 points, or 0.1%, to 3,073.19, with shares of Apple AAPL +1.88% up 1.9%. The S&P 500 SPX -0.05% slipped 0.7 point to 1,410.44. "Looks like a confused market, as bond prices rise signaling fear, but small-cap stocks continue their outperformance signaling the opposite," said Michael Gayed, chief investment strategist at Pension Partners LLC. "The world waits for SuperBen and the League of Extraordinary Bankers to put on their suits Friday morning."
Eric Fry: Fed officials are "Champinos of Dishonesty" for rigging markets: s: GATA | THE GATA DISPATCH - August 27, 2012 -
Eric Fry: Fed officials are 'champions of dishonesty' for rigging markets
The Daily Reckoning's Eric Fry today denounces the folks who run the Federal Reserve as "champions of dishonesty" for indulging the rigging of the LIBOR market and for rigging many other markets. Fry doesn't quite get around to including the gold market but at least he implies that if the gold market isn't rigged by the Fed, it's the only market that isn't. "Champions of Dishonesty" is the headline on his commentary and it's posted at the Daily Reckoning here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
NYT Business Day Your Money:: Investments / Loans / Planning / Credit / Insurance - August 27, 2012 -
Business Day Your Money
An interview with Thomas Kochan, the Bunker professor of management, MIT’s Sloan School of Management, and co-director of the MIT Institute for Work and Employment Research:
Can America Compete?, Harvard Magazine: ...Read the complete article, “Can America Compete?” (September-October 2012)
Harvard Magazine: You speak of a fundamental human-capital paradox in the way American employers and workers interact with each other.
Thomas Kochan: American corporations often say human resources are their most important asset. In our national discourse, everyone talks about jobs. Yet as a society we somehow tolerate persistent high unemployment, 30 years of stagnating wages and growing wage inequality, two decades of declining job satisfaction and loss of pension and retirement benefits, and continuous challenges from the consequences of unemployment on family life. If we really valued work and human resources, we would address these problems with the vigor required to solve them.
HM: What causes this disconnection?
TK: The root cause is that we have become a financially driven economy. The view of shareholder value as corporations’ primary objective has dominated since the 1980s. That motivation—to get short-term shareholder returns—then pushes to lower priority all the other things we used to think about as a social contract: that wages and productivity should go together, that there should be an alignment between the interest of American business and the overall American economy and society. That creates a market failure: it’s not in the interest of an individual firm to address all of the consequences of unemployment and loss of high-quality jobs, but the business community overall depends on high-quality jobs to produce the purchasing power needed to sell their goods and services to the American market. Sixty percent of U.S.-based multinational corporations’ revenue still comes from the U.S. market. We’ve got to solve this market failure.
But I think there is also a deep institutional failure in the United States. We have allowed the labor movement and the government and our educational institutions—the coordinating glue that brought these different interests together and provided some assistance in coordinating economic activity—all to decline in effectiveness. Government is completely polarized and almost impotent at the moment. Unions have declined to the point where they are no longer able to discipline management or serve as a powerful and valued partner with business to solve problems. And I’m concerned that our business schools particularly have receded into the same myopic view of the economic system where finance rules everything, so we aren’t training the next generation of leaders to manage businesses in ways that work for both investors and shareholders and for employees in the community. ...