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Nov 7, 2012

NYT Politics -November 7, 2012-: Boehner Strikes Conciliatory Tone in Talk of Fiscal Cliff

The New York Times

November 7, 2012

Politics


Boehner Strikes Conciliatory Tone in Talk of Fiscal Cliff

House Speaker John A. Boehner said Wednesday he is ready to accept a budget deal that raises federal revenues if it is linked to an overhaul of entitlements and the tax code.
President Obama, Michelle Obama, and their daughters, Sasha and Malia, walked off Marine One to board Air Force One in Chicago for a trip back to Washington on Wednesday.
News Analysis

Obama Wins a Clear Victory, but Balance of Power Is Unchanged in Washington

After $6 billion, two dozen presidential primary days, four general election debates and more TV ads than anyone could watch, the two parties essentially fought to a standstill.

More Politics

Disappointed supporters of Mitt Romney waited for his concession speech on Tuesday in Boston.

G.O.P. Factions Grapple Over Meaning of Loss

There was no shortage of theories from inside and outside the party about where it fell short and what to do next.

Divided U.S. Gives Obama More Time

Voters returned President Obama to the White House, but he will face a Congress with the same divisions that marked his first term.
President Obama at a campaign office in Chicago. On Tuesday, he played his now-traditional game of basketball for electoral luck.

A Bit of Quiet Optimism, and Some Superstition, Before a Tight Victory

President Obama is known to play a game of basketball for luck on days he faces an electoral contest. Tuesday was no different.
This time around, grand visions for the president have been replaced by the prospect of long negotiations on spending and taxes.
News Analysis

Question for the Victor: How Far Do You Push?

Few voters expect President Obama to seriously change Washington; most just want him to make it function.
Elizabeth Warren's victory in Massachusetts was one in a string of Republican setbacks.

Democrats Deliver String of Stinging Defeats in Senate

Senate seats in Indiana and Massachusetts changed hands, and Democrats averted losses elsewhere.
Mitt Romney conceded at the Boston Convention Center.

Long Quest for Presidency Concludes With a Concession Speech

By Tuesday night Mitt Romney was huddled with his children and grandchildren inside a hotel suite at the Westin, eating his favorite dish, meatloaf.

The Caucus

Boehner Strikes Conciliatory Tone on 'Fiscal Cliff'

House Speaker John A. Boehner of Ohio said he is ready to accept a budget deal that raises federal revenues as long as it is linked to an overhaul of entitlements and a reform of the tax code that closes loopholes, curtails or eliminates deductions and lowers income tax rates.

At Watch Parties, Congressional Leaders Take In Election Results

With the White House and the Senate up for grabs on election night, Congressional leaders from both parties staked out corners of Capitol Hill to take in the results.
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Full Results
Live 2012 Presidential, Senate and House Election Results
Interactive Feature: Obama's Diverse Base of Support
A survey of the groups responsible for the President's re-election.
Slide Show: After Hard-Fought Campaign, a Victory for Obama
Americans went to makeshift sites in East Coast communities devastated by Hurricane Sandy and traditional voting booths in schools, libraries and town halls across the rest of the country.
Interactive Feature: President Obama's Election Night Speech
President Obama spoke in Chicago after winning re-election Tuesday night.
Interactive Feature: The Words of a Nation
Choose a word to fit your mood.
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NFA Press Release -November 7, 2012-: NFA Improves Transparency for Futures Customers -November 7, 2012-.: Public online access to FCM financial information begins today

DealBook Afternoon Edition -November 7, 2012-: With an Obama Victory, Wall Street Pivots to Plan B



Wednesday, November 7, 2012
TOP STORY
With an Obama Victory, Wall Street Pivots to Plan B
With an Obama Victory, Wall Street Pivots to Plan B With President Obama having won a second term, lobbyists are readying a varied agenda to influence the makeup of crucial Congressional committees and regulatory agencies while working to avert the so-called fiscal cliff and temper the Dodd-Frank regulatory overhaul.
  • DEALBOOK »
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  • At a Glance: Changing Faces in Washington The Obama Administration's second term in office will likely feature some new faces atop the key regulatory agencies that oversee Wall Street.
    What Wall Street Needs to Know About Elizabeth Warren As a senator, Elizabeth Warren, the architect of the Consumer Financial Protection Bureau, will have the opportunity to weigh in on a number of the issues that are making Wall Street nervous, as regulators work to implement the Dodd-Frank financial overhaul law.
    White Collar Watch: Investigations to Watch in a Second Term Peter J. Henning says that there is not likely to be any new, sweeping investigations involving white-collar crime in the president's second term, but prominent cases involving the Foreign Corrupt Practices Act and the fallout from the 2008 financial crisis still loom.
    Deal Professor: For Deal Makers, Few Big Changes Ahead Steven M. Davidoff says that the state of the merger market is expected to remain the same, with possibly a bit of an uptick as the economy improves. A second-term Obama administration may affect things around the edges, but that is about it.
    On Wall Street, Obama's Re-election Sinks In After the election, Wall Street's social media mood ran the gamut from the lighthearted to the glum, as some speculated about the future of regulation and the economy.
    Wall St. Stocks Slump in Wake of Obama's Win Shares of the nation's biggest banks and financial firms fell in early trading on Wednesday, as the prospects of a second term for President Obama mean tougher regulations for Wall Street are here to stay.
    DEALBOOK HIGHLIGHTS
    Gulf Oil of India to Buy Houghton International for $1 Billion The Gulf Oil Corporation of India has agreed to buy the chemical and lubricant company Houghton International for $1 billion.
    Profit Doubled at BNP Paribas in 3rd Quarter BNP Paribas, the largest French bank, said net income more than doubled, to $1.7 billion, in the third quarter, lifted by a strong performance in its investment banking unit.
    Buzz Tracker
    Sprint to Buy Spectrum and Customers From U.S. Cellular Sprint Nextel is making good on promises to be a deal maker in the telecommunications industry, saying on Wednesday that it was buying wireless spectrum and 585,000 customers from the U.S. Cellular Corporation for $480 million. Sprint will bulk up its service coverage as it converts to a faster data network, while U.S. Cellular will retrench and focus on markets where it is performing well.
    LOOKING AHEAD
    Economic Reports Data to be released on Thursday will include weekly jobless claims and the trade deficit for September.
    Corporate Earnings Companies scheduled to release quarterly earnings on Thursday include the Carlyle Group, Kohl's, Siemens, Walt Disney, Groupon and Nordstrom.
    Overseas On Thursday, the European Central Bank and the Bank of England will issue interest rate decisions.
     

NYT Afternoon Update -November 7, 2012-: Obama Wins a Clear Victory, but Balance of Power Is Unchanged in Washington.

 
The New York Times
November 7, 2012

Afternoon Update

 
 
TOP NEWS
News Analysis

Obama Wins a Clear Victory, but Balance of Power Is Unchanged in Washington

By PETER BAKER
After $6 billion, two dozen presidential primary days, four general election debates and more TV ads than anyone could watch, the two parties essentially fought to a standstill.

Back to Bargaining Table, With Fiscal Cliff Dead Ahead

By JACKIE CALMES
President Obama enters the next fray with heightened leverage, both sides agree, but Republican leaders have restated their opposition to raising taxes to reduce deficits.

Divided U.S. Gives Obama More Time

By JEFF ZELENY and JIM RUTENBERG
Voters returned President Obama to the White House, but he will face a Congress with the same divisions that marked his first term.

Democrats Deliver String of Stinging Defeats in Senate

By JONATHAN WEISMAN
Senate seats in Indiana and Massachusetts changed hands, and Democrats averted losses elsewhere.

Republicans Retain House by Shoring Up Incumbents

By JENNIFER STEINHAUER
Advantages in redistricting helped the party hang onto the House despite public disapproval of Congress, but Democrats made modest gains.
U.S.

Video: Attention Shifts to Washington

TimesCast Politics: Republicans search for a path forward. | Changes in store for Obama's cabinet.
Opinion

The Conversation

Orca, Meet Obama

By DAVID BROOKS and GAIL COLLINS
Brooks and Collins on what the re-election of the president means for Republicans, Democrats and Christmas carols.
BUSINESS

Investors on Wall St. React Nervously

By NELSON D. SCHWARTZ
The focus among traders shifted quickly from electoral politics to the looming fiscal uncertainty in Washington.

Europe Foresees Weak Recovery Next Year

By JAMES KANTER
Unemployment will remain at "very high" levels, according to a gloomy set of forecasts issued by the European Commission.

Obama Victory Fails to Thrill European Business

By JACK EWING and STEVEN ERLANGER
Many executives would have welcomed a president who was one of their own and would have had more faith in Mitt Romney to steer the U.S. economy.

U.S. Affirms Tariffs Against Chinese Solar Companies

By DIANE CARDWELL
The decision by the United States International Trade Commission was a victory for American panel producers, who have been struggling to survive.

Bid to Label Biotech Crops Is Defeated in California

By ANDREW POLLACK
Support for the initiative crumpled under a barrage of negative advertisements paid for by food and seed companies.

Business in Vancouver | BIV Today's Business News -November 7, 2012-: U.S. Election Special Obama victory will bring opportunities and challenges for B.C. business



U.S. Election Special

Obama victory will bring opportunities and challenges for B.C. business

Insiders hope new faces of a second Obama administration will keep Canada atop a crowded U.S. political agenda.

Real Estate and Development

 

Vancouver real estate market drops to fourth in PwC ranking

Calgary and Edmonton have displaced Toronto and Vancouver as top ranked Canadian real estate markets in PwC Canada’s Emerging Trends in Real Estate report, released November 6.

Education and Research

Striking SFU and VCC workers to rally downtown today

Striking workers from Simon Fraser University (SFU) and Vancouver Community College (VCC) have announced a rally downtown today.

Retail and Manufacturing

 

YVR confirms change in location for outlet mall

The Vancouver International Airport Authority confirmed yesterday that the 340,000-square-foot outlet mall that it is developing in partnership with McArthurGlen Group will move closer to the Canada Line's Templeton Station.

Mining and Energy

Baja Mining granted further standstill extension by lenders

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de C.V. subsidiary.

Small Business

Small business confidence strengthens in October

B.C.'s small and medium-sized businesses grew more optimistic last month, according to Canadian Federation of Independent Business (CFIB) data released this morning.

Economy and Finance

HSBC Bank Canada announces new CEO

B.C.’s fifth-largest privately owned company, HSBC Bank Canada, announced November 6 that Paulo Maia will replace Lindsay Gordon as CEO on January 7, 2013.