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Jan 15, 2013

BBC NEWS | Business (January 16, 2013).: Germany's economic growth slows sharply in 2012




Germany's economic growth slows sharply in 2012

Car factory Germany is Europe's largest economy and the world's second largest exporter
The German economy grew by 0.7% in 2012, a sharp slowdown on the previous year, preliminary figures show.

The figure was well below the 3% growth seen in 2011 and suggests the economy contracted in the fourth quarter.

"In 2012, the German economy proved to be resistant in a difficult economic environment and withstood the European recession," the federal statistics office Destatis said.

Some analysts believe the German economy will enter recession itself.

Destatis said economic activity "slowed down considerably" in the second half of the year, and particularly in the final quarter.

"The full-year growth figure [of 0.7%] implies a contraction of around half a percentage point in the fourth quarter," the office's top statistician Norbert Raeth said.

Last month, Germany's central bank, the Bundesbank, cut its growth forecast for this year to 0.4% and warned that the economy may have contracted in the final three months of 2012, and may do so again in first quarter of 2013.

The eurozone economy as a whole is already in recession, having contracted in both in the third and fourth quarters of last year.

Spending boost For 2012 as a whole, Destatis said foreign trade was "very robust", with exports up 4.1% on 2011. Imports grew by 2.3%. The positive trade balance was "once again the main driving force for economic growth in Germany".

Household expenditure increased by 0.8%, while government spending was up 1%.
The figures also showed that while the service sector of the economy expanded, industry and construction contracted.

Destatis will publish official fourth-quarter growth figures on 14 February.

For More on this story visit:

http://www.bbc.co.uk/news/business-18094883

NYT | Global Update (January 15, 2013).: Dozens Killed as Explosions Hit Syrian University

The New York Times International Herald Tribune
January 15, 2013
Compiled 21:46 GMT

Global Update

TOP NEWS

Dozens Killed as Explosions Hit Syrian University

By RICK GLADSTONE and HWAIDA SAAD
Students were taking exams at Aleppo University when explosions devastated the campus, killing 82 according to Syria's ambassador to the United Nations.

Israeli Forces Kill Palestinian in West Bank Confrontation

By ISABEL KERSHNER
The shooting of a teenager along Gaza's border with Israel underscored the potential for spiraling violence after weeks of restiveness in the area.

French Pledge More Troops for Mali as Airstrikes Continue

By STEVEN ERLANGER, ALAN COWELL and ADAM NOSSITER
French defense officials said the country's force would be increased gradually to 2,500 soldiers and called for Arab support to bolster the forces fighting insurgents.
Science

Video: A Time to Fight

Faced with the foreclosure of her home, Detroit resident LaKeisha Tuggle devised creative solutions to weather economic hardship.
Opinion

Op-Ed Contributor

Dim Hopes for a Free Press in China

By XIAO SHU
Investigative reporting and opinion commentary are the two high grounds of Chinese journalism, and the Communist Party has cracked down on both.
WORLD

Panetta Says U.S. Still in Talks With French Over Mali Aid

By ELISABETH BUMILLER
Defense Secretary Leon E. Panetta reiterated that the United States would offer France air and logistical support, but would not send any ground troops to Mali.

Pakistan Supreme Court Orders Arrest of Prime Minister

By DECLAN WALSH
The action against Prime Minister Raja Pervez Ashraf on Tuesday in a corruption case raised the stakes in a tense standoff between the government and its opponents.

Indian Leader Accuses Pakistan of Restarting Hostilities in Kashmir

By HEATHER TIMMONS
Prime Minister Manmohan Singh of India claimed Pakistan beheaded an Indian soldier in the Kashmir region, an action he said had halted cooperation between the two countries.
BUSINESS
News Analysis

The Challenges of Taking Dell Private

By MICHAEL J. DE LA MERCED
Dell appears to be hoping that going private can help ease its woes. But the hurdles to completing a big leveraged buyout and to solving its business problems aren't going away anytime soon.
DealBook

JPMorgan Board Votes to Release 'London Whale' Report

By JESSICA SILVER-GREENBERG
The board of JPMorgan Chase voted to release an internal report detailing the bad bet, and related management missteps, that cost the bank more than $6 billion.
Bits Blog

Facebook Unveils a New Search Tool

By SOMINI SENGUPTA
Facebook's new tool, graph search, will allow users to look for photos, people and places that their friends like.
TECHNOLOGY

Worry Over Sales Spurs Talk of Cheaper iPhones

By BRIAN X. CHEN
Analysts say Apple must decide whether to keep catering to the high end of the market or offer something cheaper.

California to Give Web Courses a Big Trial

By TAMAR LEWIN and JOHN MARKOFF
Udacity, a start-up that offers online college courses, will offer low-cost remedial and introductory classes to students at San Jose State University and local community colleges and high schools.
DealBook

Alibaba's Founder to Give Up C.E.O. Title, but Will Remain Chairman

By ANDREW ROSS SORKIN and MICHAEL J. DE LA MERCED
Jack Ma plans to relinquish the role of Alibaba's chief executive in May, the Internet entrepreneur told DealBook. But he isn't leaving entirely, holding on to the role of executive chairman.
SPORTS

More Space and More Clout for the Australian Open

By CHRISTOPHER CLAREY
The Australian Open is in the midst of a growth spurt, and its officials have been openly supportive of men's players' demands for a bigger percentage of Grand Slam revenue.

Queens Park Takes a Huge Risk for a Huge Payoff

By ROB HUGHES
The club is among the most active in the transfer window as it tries to climb out of the bottom of the standings and stay in the Premier League.

ATP Leader to Step Down to Deal With Illness

By CHRISTOPHER CLAREY
Brad Drewett, who has been leading the men's tour for only a year, said Tuesday that he had A.L.S., also know as Lou Gehrig's disease.
U.S. NEWS

On Louisiana Range, the Giraffe and Antelope Will Play

By CAMPBELL ROBERTSON
The Audubon Nature Institute and San Diego Zoo Global plan to breed rare and endangered species on 1,000 acres south of New Orleans.

A Poorer San Bernardino, and a More Dangerous One, Too

By IAN LOVETT
Officials in San Bernardino, Calif., were making headway against violent crime until the economic floor fell out.

Floating Home, Like Pinocchio in the Whale, Is Not a Vessel, Justices Rule

By ADAM LIPTAK
A floating home cannot be regulated under federal admiralty law, the Supreme Court ruled in a colorful decision that featured a dissenting opinion.
OPINION
Op-Ed Contributor

Nationalists or Islamists?

By PETER RUTLAND
The West ignored the demands of the Tuaregs until their struggle was hijacked by Islamists.
Op-Ed Contributor

France to the Rescue

By FRANÇOIS HEISBOURG
France and its allies moved quickly to block jihadis from taking Bamako. Now come the tough diplomatic and political challenges.
Op-Ed Contributor

Why We Must Help Save Mali

By VICKI HUDDLESTON
Islamist terrorists want a lawless stronghold in West Africa.

NYT | Politics (January 15, 2013).: Schumer Says He's Satisfied With Hagel on Mideast

The New York Times

January 15, 2013

Politics

Schumer Says He's Satisfied With Hagel on Mideast

Senator Charles E. Schumer of New York told President Obama on Tuesday that he is optimistic that he could vote for the confirmation of Chuck Hagel as secretary of defense.
The Caucus

Obama Set to Announce Plans to Address Gun Violence

President Obama will formally unveil his plans for reducing gun violence at a White House event Wednesday.

More Politics

The Caucus

In Debt Game, an Early Move From Obama

In his news conference Monday, President Obama suggested that another $1.5 trillion or so in savings could tame the government's debt problem.

Obama and G.O.P. Issue Challenges on the Debt Limit

With each side claiming popular support, President Obama and Congress's Republican leaders dug in on their positions.

Justice Clarence Thomas Breaks His Silence

Justice Thomas spoke publicly at the Supreme Court for the first time since Feb. 22, 2006, though the transcript cites only four words.
Senator Marco Rubio of Florida is taking a leading role among Republicans on proposals to overhaul the immigration system.

Rubio Pushes His Party on Immigration Changes

Senator Marco Rubio of Florida is asserting his leadership among Republicans on immigration, previewing a proposal that includes measures to give legal status to millions of illegal immigrants.

Texas: Ex-President George Bush Out of Hospital

Former President George Bush, 88, went home from Methodist Hospital in Houston on Monday.

The Caucus

Credit Rating Agency Warns of Downgrade if Debt Limit is Not Raised

Fitch Ratings Ltd. warned Tuesday that Congress's failure to raise the federal government's statutory borrowing limit would "very likely" prompt a downgrading of the U.S. Government's credit rating.

Chelsea Clinton to Headline Inaugural 'Day of Service' Event

Chelsea Clinton will serve as the honorary chairwoman of President Obama's National Day of Service, a call to volunteerism that will start the president's inaugural weekend.
ADVERTISEMENT

The Debt Reckoning

This feature follows the talks between President Obama and Congressional leaders over the so-called fiscal cliff.
The Lede Blog

Updates on the Gun Violence Debate

The Lede is following the debate on gun violence in the wake of the shootings in Newtown, Conn., with reports from our correspondents and from around the Web.
FiveThirtyEight

Why Obama May Drive a Hard Bargain

Unlike during the 2011 debt ceiling negotiations, this time it is only members of Congress who will come before voters again.

Multimedia

Video: The Gun Control Debate Gets Under Way
Obama plots strategy. | An interview with a Democratic leader on the issue. | New York is set to enact tougher restrictions.
Hagel on Key Issues
Chuck Hagel, a Republican from Nebraska, was elected to the Senate in 1996 and retired in 2008. Following are some of his recent statements on issues he is likely to confront if he is confirmed as secretary of defense.
Lew on Key Issues
Jacob (Jack) Lew, the current White House chief of staff, has experience working in both the White House and on Capitol Hill. Here are some of his recent statements on issues he is very likely to confront if he is confirmed as secretary of the treasury.

DealBooK P.M. Edition (January 15, 2013).: The Challenges of Taking Dell Private

 
 
 
Tuesday, January 15, 2013
TOP STORY
Michael Dell, the chairman and chief executive of Dell.
The Challenges of Taking Dell Private Dell appears to be hoping that going private can help ease its woes. But the hurdles to completing a big leveraged buyout and to solving its business problems aren't going away anytime soon.
  • DEALBOOK »
  •  
  • DEALBOOK HIGHLIGHTS
    It's Bonus Week on Wall Street A number of Goldman Sachs employees say they are optimistic about their year-end bonus; the mood at Morgan Stanley, however, is not quite as bright.
    Standard Deduction: 'Tax Extenders' That Slip Under the Radar Victor Fleischer says to consider the special provision for "qualified small business stock," which provides a zero percent tax rate on capital gains from certain investments. A better name would be the "angel investor loophole."
    Analyst Is Sentenced to More Than 4 Years in Insider Case John Kinnucan, a research analyst who waged a harassment campaign against the government officials investigating him over insider trading, had leaked information about technology companies to hedge funds.
    JPMorgan Board Votes to Release 'London Whale' Report The board of JPMorgan Chase voted to release an internal report detailing the bad bet, and related management missteps, that cost the bank more than $6 billion.
    Goldman Retreats From Plan to Award Bonuses Later in Britain The decision came as lawmakers criticized banks that were considering paying bonuses later than usual. The top tax rate in Britain is to drop to 45 percent, from 50 percent, on April 6.
    Guggenheim Hires Former Yahoo Chief for Media Venture Guggenheim Partners said on Tuesday that it had hired Ross Levinsohn, a former Yahoo chief executive, to lead a new media unit that includes Billboard, Adweek and the Hollywood Reporter.
    British Retailer HMV Enters Equivalent of Bankruptcy HMV announced on Tuesday that it had entered administration, a form of bankruptcy, as it became the latest British company to suffer from the country's flagging economy.
    Former Assistant to a Salomon Is Found Guilty of Stealing $1.3 Million Karen Febles, 48, was convicted after a four-day trial of stealing $1.3 million from William R. Salomon, the 98-year-old son of a founder of Salomon Brothers.
    Alibaba's Founder to Give Up C.E.O. Title, but Will Remain Chairman Jack Ma plans to relinquish the role of Alibaba's chief executive in May, the Internet entrepreneur told DealBook. But he isn't leaving entirely, holding on to the role of executive chairman.
    LOOKING AHEAD
    Economic Reports Data scheduled to be released on Wednesday includes the Consumer Price Index for December, industrial production for December and the Federal Reserve beige book.
    Corporate Earnings Companies scheduled to release quarterly earnings reports on Wednesday include Bank of New York Mellon, Goldman Sachs, JPMorgan Chase, Charles Schwab, US Bancorp and eBay.
    Quotation of the Day
    "A bit depressing that people who earn so much seem to think that it's even more exciting to adjust the timing of it."
    Mervyn King, the governor of the Bank of England, on banks that were considering paying bonuses later than usual.


     

Money Show Investors Daily Alert (January 15, 2013).: Is China Opening the Floodgates?

INVESTORS DAILY ALERT


Jim Jubak on MoneyShow.com
TOP PROS' TOP PICKS
The Best of the Big 20, Roger Conrad
GURUS' VIEWS & STRATEGIES
CHARTS IN PLAY
MoneyShow.com Exclusive Interviews
IDEAS FROM AROUND THE WORLD
Today's Featured Videos & Exclusive Interviews
Simon Smollett, Avi Hooper, Alex Spiroglou, Ron William, Kathleen Brooks, Glyn Bradney

NYT | Opinion Today (January 15, 2013).: Writing About What Haunts Us

The New York Times

January 15, 2013

Opinion Today



Opinionator | Draft

Writing About What Haunts Us

I've been trying to lie about this story for years.
Op-Ed Contributor

Why We Must Help Save Mali

Islamist terrorists want a lawless stronghold in West Africa.
Op-Ed Contributor

Mali's Atrocities Began When It Lost Its Democracy

Africa's nations have a responsibility to protect human rights and democracy.
ADVERTISEMENT
Op-Ed Contributor

Dim Hopes for a Free Press in China

Investigative reporting and opinion commentary are the two high grounds of Chinese journalism, and the Communist Party has cracked down on both.
Why Steal Tide?
Room for Debate

Why Steal Tide?

Why has Tide become a popular product among shoplifters and drug dealers?
Wreckless Driving
Latitude

Wreckless Driving

You think Israelis are aggressive, competitive and careless drivers? They're among the safest in the world.
ADVERTISEMENT
Editorial

The Moment for Action on Guns

The White House has a rare chance to propose and push through an agenda of tougher laws for public safety.
Editorial

A Widening War in Mali

France can help, but Mali must win the fight against Islamist rebels.
Editorial

Don't Skimp on Sandy Aid

After more than 11 weeks since the devastating storm, New York, New Jersey and Connecticut are still waiting on adequate federal aid.
Editorial

Getting Through the Flu Season

If there is any lesson of the this flu season, it is to get vaccinated early.

The Opinion Pages

Read the full opinion report, including editorials, columns, op-eds and Opinionator. Go to the Section »
Taking Note

A French Grand Bargain

France's labor unions and businesses reached an agreement to significantly reform the country's labor laws.
The NRA and Me
Bill Keller's Blog

The NRA and Me

One month after Newtown, the NRA launched a target practice app for shooters aged four and up. Is this a joke?
All Your Base Are Belong To Us, Continued (Still Wonkish)
The Conscience of a Liberal

All Your Base Are Belong To Us, Continued (Still Wonkish)

Think about the coin and what happens next.
Draft Federal Report Sees Big U.S. Impacts from Global Warming
Dot Earth Blog

Draft Federal Report Sees Big U.S. Impacts from Global Warming

A new draft federal report on climate change foresees enormous impacts across the United States should greenhouse gas emissions continue unabated.