Translate

Search This Blog

Search Tool




Oct 17, 2012

Australian Broadcasting Corporation: -Broadcast October 17, 2012-: Politics 'not a game': Rudd

Australian Broadcasting Corporation
Broadcast: 17/10/2012

Reporter: Tony Jones
In a wide-ranging interview about international relations and domestic politics, former prime minister Kevin Rudd says he worries that people are losing faith in democracy and it's time for politicians to lift their game.

Watch and read transcript :

http://www.abc.net.au/lateline/content/2012/s3613081.htm

The Economist | New Selected Articles -October 17, 2012-: The fall-out from the debate, a new exoplanet and two Indian villages

The Economist

Lexington's notebook: An aggressive rematch
A draw between Barack Obama and Mitt Romney, a defeat if either was hoping to woo undecided voters
read more »
Babbage: A new exoplanet
Small, furry creatures from Alpha Centauri?
read more »

Schumpeter: Full disclosure
Under pressure from Europe and America, Singapore cracks down on tax evaders
read more »

Feast and famine: A tale of two families
Lessons from rural India: national governments do not always matter; and sometimes even the worst of policies can be reformed
read more »
Prospero: Hilary's haul
Ms Mantel triumphs for a second time—and is set to make millions
read more »
Video: Babbage
Our correspondents give their take on Softbank's takeover of Sprint, why PC sales are in decline and the practicality of skydiving from space
watch »
 
Daily chart: The maths behind the madness
Our interactive guide to government-debt dynamics
read more »
Online debate: Manufacturing and the west
Where will future factories go?
read more »

CBS | Breaking News -October 17, 2012-: Man allegedly caught in plot to blow up the Federal Reserve Bank



CBS News Breaking News Alert


October 17, 2012


Man allegedly caught in plot to blow up the Federal Reserve Bank
 
FBI says a man drove a vehicle he thought was laden with explosives to the Federal Reserve building in New York and was arrested with his finger on the phony detonator. Check in with CBSNews.com for developing details.
Read more



DealBooK Afternoon Edition -October 17, 2012-: Before British Parliament, Volcker Pushes for Tougher Banking Rules



Wednesday, October 17, 2012
TOP STORY
Before British Parliament, Volcker Pushes for Tougher Banking Rules Paul Volcker, the former Federal Reserve chairman, had been invited to address a British parliamentary commission that was investigating a recent spate of British bank scandals.
  • DEALBOOK »
  •  
  • DEALBOOK HIGHLIGHTS
    Standard Deduction: The Right Way to Increase Taxes Victor Fleischer says that broadening the tax base is a better way to address inequality than increasing marginal tax rates.
    Regulators Propose Capital Rules for Derivatives Trading Firms like Goldman Sachs and JPMorgan Chase would have to bolster their capital cushion and post additional collateral for certain derivatives trades under the new plan proposed by the Securities and Exchange Commission.
    S.E.C. Accuses Hedge Fund of Lying About Performance The agency said that a New Jersey-based fund, Yorkville Advisors, lied to its investors about its performance and asset values in order to earn higher fees.
    Another View: Why the F.D.I.C.'s Approach to Financial Failures Makes Sense Michael H. Krimminger says that the Federal Deposit Insurance Corporation's "single receivership" approach offers a better way to avoid an uncoordinated and destabilizing series of insolvencies for systemically important financial institutions.
    Exxon to Buy Canadian Oil and Gas Company for $3.1 Billion Exxon Mobil has agreed to buy Celtic Exploration for about $3.1 billion in cash and stock to expand its presence in the energy-rich shale formations of western Canada.
    Bank of America Ekes Out a Profit of $340 Million Earnings of zero cents a share exceeded the estimates of analysts, who expected a loss of 6 cents a share.
    BlackRock Earnings Up on Strength in E.T.F.'s The giant money management company benefited from the strong interest among investors in less risky bond funds and passively managed exchange-traded funds
    2 Senators Call for Greater Bank Capital Requirements In a new letter to be sent to regulators on Wednesday, Senator Sherrod Brown, a Democrat, and Senator David Vitter, a Republican, argue for tougher rules for bank capital, the cushion that financial institutions must keep against losses.
    Dutch Tech Firm ASML to Buy Cymer for $2.6 Billion In a bid to speed development of new technology, the Dutch semiconductor equipment manufacturer ASML has agreed to buy Cymer, a maker of microchip components based in San Diego.
    Buzz Tracker
    CME to Acquire Wheat Exchange The CME Group, the owner of the Chicago Mercantile Exchange, the Chicago Board of Trade and the New York Mercantile Exchange, said on Wednesday that it had agreed to buy the Kansas City Board of Trade, the leading futures market for hard red winter wheat, for $126 million in cash.
    A Helipad for Bridgewater Associates Bridgewater Associates wants to ensure that its new office in Stamford, Conn., is accessible by various forms of transportation. In addition to a new headquarters building, the hedge fund is planning "a helipad, a floating recreational barge, a restored estuary and a marina," The Stamford Advocate reports.
    LOOKING AHEAD
    Economic Reports Data to be released on Thursday include weekly jobless claims, the Philadelphia Fed index for October leading economic indicators for September.
    Corporate Earnings Companies scheduled to report quarterly results on Thursday include Blackstone, Boston Scientific, Morgan Stanley, Nokia, Southwest Airlines, Verizon Communications, Advanced Micro Devices, E*Trade Financial, Google and Microsoft.
    Overseas On Thursday, European Union leaders will begin a two-day meeting on the euro zone debt crisis.
    DealBook Video
    Business Day Live: 'Rebecca' Producer Explains How Trust Betrayed His Dream of Manderley
    Business Day Live: 'Rebecca' Producer Explains How Trust Betrayed His Dream of Manderley The bizarre case of the derailed musical "Rebecca." | How Citigroup's board worked to replace Vikram S. Pandit. | The BlackBerry's fall from grace as a status symbol.


     

The New York Times Afternoon Edition | Businesss -October 17, 2012-: With Costs Rising, Small Companies Search for Alternatives to Google AdWords

The New York Times
October 17, 2012

Afternoon Update


TOP NEWS

Debate Moves Women to Fore in Race for the White House

By MICHAEL D. SHEAR
President Obama asserted that Mitt Romney would oppose equal pay for women and block access to contraceptives, but Mr. Romney said he would do better by struggling families - especially women.

Bloomberg Jumps Into '12 Races With New 'Super PAC'

By RAYMOND HERNANDEZ
Mayor Michael R. Bloomberg of New York, a billionaire and registered independent, will back candidates in close races who support some of his biggest policy initiatives.
Critic's Notebook

A Vision to Avoid Demolition for a '70s Pioneer

By MICHAEL KIMMELMAN
Jeanne Gang, a leading Chicago architect, has drawn up a plan to try to save the outmoded, late-Modernist Prentice Women's Hospital.

Armstrong Is Dropped by Nike as He Quits Role With His Charity

By JULIET MACUR
Lance Armstrong stepped down as chairman of Livestrong and Nike severed ties with him on Wednesday, a week after officials accused the cyclist of widespread doping.

Russia Arrests Opposition Activist, Citing Terrorism Threat

By DAVID M. HERSZENHORN
The accusations against Sergei Udaltsov, the leader of a radical socialist group, suggest an acceleration of government efforts against opposition leaders.
U.S.

This Land | Donna's Diner

A Hero's Fall, and a City's Scars

By DAN BARRY
Ike Maxwell walks the streets of Elyria, Ohio, as if determined to break through life's defensive line. Often he is shouting. But what is he trying to say?
Opinion

The Conversation

Binders, Keepers

By DAVID BROOKS and GAIL COLLINS
How the second presidential debate looked to Brooks and Collins.
BUSINESS

With Costs Rising, Small Companies Search for Alternatives to Google AdWords

By DARREN DAHL
The heightened competition for keywords has driven up prices and made them harder for small companies to afford.
DealBook

Exxon to Buy Canadian Oil and Gas Company for $3.1 Billion

By MICHAEL J. DE LA MERCED
Exxon Mobil has agreed to buy Celtic Exploration for about $3.1 billion in cash and stock to expand its presence in the energy-rich shale formations of western Canada.
DealBook

Before British Parliament, Volcker Pushes for Tougher Banking Rules

By MARK SCOTT
Paul Volcker, the former Federal Reserve chairman, had been invited to address a British parliamentary commission that was investigating a recent spate of British bank scandals.
DealBook

Bank of America Ekes Out a Profit of $340 Million

By BEN PROTESS
Earnings of zero cents a share exceeded the estimates of analysts, who expected a loss of 6 cents a share.

U.S. Housing Starts Are Up 15% in September

By THE ASSOCIATED PRESS
Builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months.

Money Show Investors Daily Alert -October 17, 2012-: 4 Top Plays from a Market Leading Sector

Investors Daily Alert

Jim Jubak on MoneyShow.com

Today's Top Pros' Top Picks

Today's Gurus' Views & Strategies
One Clear Answer Is Gold, Mary Anne & Pamela Aden

Today's Charts in Play

MoneyShow.com Exclusive Interviews

Portfolio Strategies

Ideas from Around the World

Today's Featured Videos & Exclusive Interviews
How to Invest for Income, Kelley Wright

Wall Street at close Report | MarketWatch -October 17, 2012-: U.S. stocks get housing lift, earnings lag

By Kate Gibson and Wallace Witkowski, MarketWatch 

NEW YORK (MarketWatch)U.S. stocks rose on Wednesday after data showed new-home construction at a four-year high, offsetting disappointing results from technology bellwethers. 

“If we’ve had one sector increasingly positive it’s been housing, and today’s data proves that out again. That said, we’re in the middle of earnings season, and that’s a bumpier ride now,” said Art Hogan, market strategist at Lazard Capital Markets.

Profitability of big banks through ’13 A look at earnings in the banking sector and outlook for the coming quarter and 2013, plus analysis of the CEO change at Citigroup. 

Up for a fourth consecutive session, its longest win streak in nearly five weeks, the Dow Jones Industrial Average DJIA +0.04% gained 5.22 points to 13,557, with 23 of its 30 components rising.
International Business Machines Corp. IBM -4.91% was the worst performer on the Dow with shares dropping 4.9% after the computer-services provider reported revenue that missed expectations. Read: IBM profit slips as hardware sales decline
The next worst was Intel Corp. INTC -2.51% , with shares down 2.5%, after the semiconductor maker projected a fourth-quarter profit margin below analysts’ estimates. Read: Intel hit by weak PCs, scaling back output
Home-builder shares rallied after the Commerce Department reported construction on new houses jumped 15% to an 872,000 annual rate in September, the biggest number since July 2008 and easily topping Wall Street’s expectations. Read: U.S. home construction surges in September.
In the home-building sector, PulteGroup Inc. PHM +5.31% shares rose 5.3%, Hovnanian Enterprises Inc. HOV +9.26% shares jumped 9.3%, Beazer Homes USA Inc. BZH +5.42% advanced 5.4%, Toll Brothers Inc. TOL +1.83% gained 1.8% and Lennar Corp. LEN +2.17% climbed 2.2%.
“If there was any doubt that the housing market was undergoing a recovery, even a modest one in the face of the terrible 2008 decline, those doubts should be erased by now,” wrote Dan Greenhaus, chief global strategist at BTIG LLC.
Bank of America Corp. BAC -0.11% shed 0.2% after the lender and Dow component posted a profit of $340 million, but also reported revenue that missed Wall Street estimates. Read: Bank of America profit plunges on many charges. 

The S&P 500 index SPX +0.41% added 5.99 points, or 0.4%, to 1,460.91 as utilities performed the best and tech stocks fared the worst among the 10 major industry groups.
The Nasdaq Composite COMP +0.10% advanced 2.95 points, or 0.1%, to 3,104.12.
Wednesday marked a third straight day of gains for the S&P 500 and the Nasdaq, their longest advancing stretch since Oct. 4.
In addition to tech earnings, uncertainty over Spain’s bailout continues to keep investors on their toes, said Ken Tower, chief investment strategist at Quantitative Analysis Service. Spain dodged a downgrade to junk status from Moody’s Investors Service on Tuesday, and was cut to one notch above junk by Standard & Poor’s last week.
While Spain’s avoiding the Moody’s junk downgrade was regarded as a positive for European markets, the country’s lack of a formal bailout request continues to add to investor uncertainty.
“There’s an undercurrent of concerns about Europe emerging again,” Tower said. “It’s a very fragile situation that’s going to affect markets day to day.”
For every stock falling, more than two gained on the New York Stock Exchange, where 688 million shares traded. Composite volume topped 3.6 billion. 

Kate Gibson is a reporter for MarketWatch, based in New York. Wallace Witkowski is a MarketWatch news editor in San Francisco.

 
 

The New York Times Small Business -October 17, 2012-. With Costs Rising, Small Companies Search for Alternatives to Google AdWords

The New York Times

October 17, 2012

Small Business


With Costs Rising, Small Companies Search for Alternatives to Google AdWords
By DARREN DAHL 43 minutes ago
The heightened competition for keywords has driven up prices and made it harder for small companies to afford.
You're the Boss Blog

This Week in Small Business: Gangnam Style!

By GENE MARKS
The making of K-Pop, the effect of shale gas on manufacturing, what to pay your employees and the chaos of an online sales tax. What would it mean for you?
Eve Pearl, an Emmy-winning TV makeup artist, may try selling her high-end products on the ShopNBC channel.
Case Study

Luxury Cosmetics Maker Weighs the Benefits of Selling Items on TV

EvePearl, owned by an Emmy-winning makeup artist, considers pitching its skin-care and makeup products on ShopNBC.
Kevin Langley, center, co-founder of Ellis Construction in New Orleans, has led the Entrepreneurs' Organization.
Small-Business Conversations

From Surviving Katrina to Spreading the Word About Entrepreneurship

After Hurricane Katrina wiped out his construction business in New Orleans, Kevin Langley refocused his life as he rebuilt his company, traveling the world as head of the Entrepreneurs' Organization.
ADVERTISEMENT
Why H.Bloom Hires Only From Outside Its Industry

Why H.Bloom Hires Only From Outside Its Industry

The subscription flower delivery service, aiming for ambitious growth, created a six-month leadership program to nurture young talent. It's called SEED, for Start-up Education and Entrepreneurial Development.

A Closer Look at Romney's Small-Business Tax and Jobs Claims

The numbers Governor Romney used in the first presidential debate are startling. But are they accurate?

Why You Need to Care About the Cost of Capital

You have to make enough of a profit that you cover your cost of capital. If you don't, your business may not be able to grow.

The Queen of QVC Talks About the Risks of Dealing With Sharks

Sometimes, taking on an investor can have unexpected consequences.

The New York Time Opinion Today -October 17, 2012-: Obama's Narrow Victory

The New York Times

October 17, 2012

Opinion Today



Campaign Stops

Obama's Narrow Victory

The president did what he had to, but it was Romney who revealed his own weak spots.
Campaign Stops

Debating Points: Obama vs. Romney, Round Two

Campaign Stops contributors weigh in with their early reactions to the second presidential debate.
Obama Bares His Teeth
Frank Bruni's Blog

Obama Bares His Teeth

For this debate, the president honed a whole new ferocity.
Op-Ed Contributor

No 'Thomas Crown Affair'

In the real world, thieves who steal art are not debonair "Thomas Crown Affair" types.
Op-Ed Contributor

Will Privacy Go to the Dogs?

The Supreme Court should rule against the warrantless use of sniffing police dogs.
Home Loans From Washington?
Room for Debate

Home Loans From Washington?

Should the government consider cutting out the middleman, as it does with student loans, and issue mortgages itself?
Op-Ed Contributor

Free to Be a Sexual Predator?

Dominique Strauss-Kahn's invocation of a life without moralistic limits bears similarities to the credo of the man whose name became a synonym for libertinism, Giacomo Casanova.
The Great Hanging at Gainesville
Opinionator | Disunion

The Great Hanging at Gainesville

Why dozens of white men were lynched across Texas in October 1862.
The Jade War
Latitude

The Jade War

To the people of resource-rich Kachin State, even the new government of Myanmar is still merely a marauder.
A U.N. Discussion Seeks a New Set of Global Goals
Dot Earth Blog

A U.N. Discussion Seeks a New Set of Global Goals

A brainstorming session explores how to set fresh goals to foster sustainable human advancement on a finite planet.
ADVERTISEMENT
Editorial

Mr. Obama Comes Back

The president offers a strong case for his policies, and puts Mitt Romney on the defensive.
Editorial

The Exclusive Eight

A complaint from civil rights groups over a single test used to screen applicants to New York City's elite public schools was overdue.
Editorial

Politics and the Courts

The next president will have many judgeships to fill and a broken confirmation process to fix.
Editorial

Armored Vehicles That Save Lives

The thick-skinned vehicles used in Iraq or Afghanistan are worth the cost because protecting American troops is paramount.

The Opinion Pages

Read the full opinion report, including editorials, columns, op-eds and Opinionator. Go to the Section »
Romney's Rose Garden Moment
Taking Note

Romney's Rose Garden Moment

Candy Crowley had to fact-check the Republican candidate during the debate.
Hillary: The Missed Opportunity
Bill Keller's Blog

Hillary: The Missed Opportunity

Why putting Hillary on the ticket for 2012 would have been the smart choice for Democrats.
Adam Gopnik vs. Paul Ryan
Evaluations

Adam Gopnik vs. Paul Ryan

Theocracy panic comes to the New Yorker.
Financial Crisis Denialism
The Conscience of a Liberal

Financial Crisis Denialism

Taylor subtracts from our understanding.