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Jan 24, 2013

NYT | Global Update (January 24, 2013).: North Korea Issues Blunt New Threat to United States

The New York Times International Herald Tribune
January 24, 2013
Compiled 21:45 GMT

Global Update

TOP NEWS

North Korea Issues Blunt New Threat to United States

By DAVID E. SANGER and CHOE SANG-HUN
An explicit threat from North Korea that its missile and nuclear programs would "target" the United States revives a challenge the White House had tried to contain for four years.

Senator Unveils Bill to Limit Semiautomatic Arms

By JENNIFER STEINHAUER
At an emotional news conference, Senator Dianne Feinstein of California announced legislation intended to "dry up the supply" of assault weapons.

Faction Splits From Islamist Group in Northern Mali

By LYDIA POLGREEN
A leader of Ansar Dine, one of the main Islamic militant groups fighting to control Mali, said that he would form his own group to seek negotiations to settle the country's crisis.
Science

Video Feature: Robots for Tasks Large and Small

At the Automate 2013 trade show in Chicago, makers of industrial robots and machine-vision equipment displayed applications like medication sorting and burger making.
Opinion

Latitude

Bad Education

By ALEXANDRA HARNEY
Is Japan's vaunted school system failing to prepare Japanese students for the global economy?
WORLD

Three European Countries Warn of 'Imminent' Threat in Benghazi

By ALAN COWELL
Days after the deadly hostage crisis in Algeria, Britain, Germany and the Netherlands urged their citizens in Benghazi to leave immediately and warned against travel to several other Libyan cities.

Britain's Prime Minister Defends Decision to Seek Vote on European Union

By DAVID JOLLY
Prime Minister David Cameron of Britain said his goal in seeking a referendum on his country's membership in the European Union was to reform the bloc, not to retreat into isolation.

Simple, Low-Cost Drones a Boost for U.S. Military

By THOM SHANKER
The ScanEagle drone, which uses off-the-shelf video equipment, allows local commanders the ability to gather close-in, real-time images of an immediate target.
BUSINESS
DealBook

S.E.C. Pick Is Ex-Prosecutor, in Signal to Wall Street

By BEN PROTESS and PETER BAKER
President Obama's choice to lead the Securities and Exchange Commission, Mary Jo White, a former United States attorney, suggested a resolve to hold Wall Street accountable for wrongdoing.

Safety Board Sees Lengthy Inquiry Into 787s

By MATTHEW L. WALD
The National Transportation Safety Board indicated that an investigation into the failure of lithium-ion batteries aboard two Boeing 787 planes is still far from determining a cause.

Twitter Ordered to Help Reveal Sources of Anti-Semitic Posts

By ERIC PFANNER
The French case was prompted by a rash of anti-Semitic writing on Twitter late last year. Twitter said that it was reviewing the ruling and whether it might appeal.
TECHNOLOGY

Robot Makers Spread Global Gospel of Automation

By JOHN MARKOFF
Manufacturers of robots and similar machines gathered in Chicago, casting automation as an indispensable engine of economic growth.

Goldman Is Cleared Over a Sale Gone Awry

By REUTERS
Dragon, the speech recognition software company, had accused Goldman Sachs of negligence in arranging the deal for Dragon to sell itself to Lernout & Hauspie in 2000.

Nokia Reports Profit but Fails to Soothe Investors

By KEVIN J. O'BRIEN
Hopes were raised when the Finnish cellphone maker said it would turn a profit, but sales of its Lumia smartphone line generated less revenue than expected.
SPORTS

Djokovic Relentless in Defeat of Ferrer

By CHRISTOPHER CLAREY
Novak Djokovic gave himself the rare chance to get to bed at a reasonable hour by transforming his night-session Australian Open semifinal with David Ferrer on Thursday into a 6-2, 6-2, 6-1 rout.

In Japan, National Sport Is Dominated by Foreigners

By DANIEL KRIEGER
The last time a Japanese wrestler won a grand sumo tournament was in 2006, with Mongolians taking most of the success since then.

A Cricket Upstart Takes on the Powerhouse for Indian Title

By HUW RICHARDS
Saurashtra will play Mumbai for the Ranji Trophy, which the bigger club has won 39 times in 78 competitions.
U.S. NEWS

At Remote Desert Outposts, Border Patrol Agents Sift for Clues

By FERNANDA SANTOS
The outposts near the border with Mexico are an essential element in the Border Patrol's quasi-military strategy of "gaining, maintaining and expanding."

With California Rebounding, Governor Pushes Big Projects

By NORIMITSU ONISHI
Emboldened by a brighter fiscal horizon, Gov. Jerry Brown delivered an optimistic State of the State speech that sought to secure California's long-term future.

Pentagon Is Set to Lift Combat Ban for Women

By ELISABETH BUMILLER and THOM SHANKER
The groundbreaking decision overturns a 1994 Pentagon rule that restricts women from artillery, armor, infantry and other such combat roles.
OPINION
Op-Ed Contributors

Dealing With Two Russias

By DENIS CORBOY, WILLIAM COURTNEY and KENNETH YALOWITZ
There is a modernizing Russia and a retrograde Russia, and the West must learn to deal with each.
Op-Ed Columnist

For Obama's New Term, Start Here

By NICHOLAS D. KRISTOF
The president said equality for all is a main goal of his second term. He could begin by helping to make sure a child's potential for success isn't limited by a ZIP code.
Op-Ed Columnist

Arms and the Women

By GAIL COLLINS
It's about time women in the military get to serve in combat. That opens up some 200,000 job opportunities.

NYT | Politics (January 24, 2013).: Senator Unveils Bill to Limit Semiautomatic Arms.

The New York Times

January 24, 2013

Politics

Senator Dianne Feinstein announced plans at a news conference on Thursday to introduce a bill that would outlaw a large number of different assault weapons.

Senator Unveils Bill to Limit Semiautomatic Arms

At an emotional news conference, Senator Dianne Feinstein of California announced legislation intended to "dry up the supply" of assault weapons.
Sen. John Kerry in a confirmation hearing before the Senate Foreign Relations Committee on Thursday.

Kerry Links Economic and Foreign Policy at Confirmation Hearing

Senator John Kerry said at his confirmation hearing for the post of Secretary of State that the United States' top priority should be getting its fiscal house in order.

More Politics

A Gridlocked Senate Agrees to Some Limits on Filibusters

Lawmakers and aides said the new rules would end the use of a tactic that forces the majority party to marshal 60 votes to bring a bill to the floor.
Businessmen and community leaders in Beckley, W.Va., met with Senator Joe Manchin III last week to discuss gun control.

Democrats in Senate Confront Doubts at Home on Gun Laws

Several Democratic senators up for re-election next year are confronting galvanized constituencies that view any effort to tighten gun laws as an infringement.
The Caucus

Republican Governors Open New Front in Tax Debate

Republican governors in a range of states are starting to act aggressively on taxes, setting up limited but politically ambitious and potentially telling experiments in what might be possible nationwide.

The Caucus

White House Supports Lifting Combat Ban for Women

The White House presented itself Thursday as little more than a bystander in the Pentagon's decision to open up military combat roles to women, even though it may end up as one of the most enduring expansion of rights for women during President Obama's administration.

House Democrats Seek to Pass Expansive Domestic Violence Law

A day after the Violence Against Women Reauthorization Act was reintroduced in the Senate, House Democrats said they would do everything in their power to ensure it also passes the House.
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Multimedia

Video: Challenges for U.S. in Foreign Policy
The Times's David E. Sanger discusses the state of United States foreign policy as Senator John Kerry faces a confirmation hearing for the secretary of state post.
Video: What Obama Looks to Accomplish
The Times's Richard W. Stevenson takes a look at President Obama's second term agenda, including priorities such as climate change and gun control.
Video: Obama Starts Second Term
TimesCast Politics: A look at the president's agenda. | Challenges await on Capitol Hill. | Highlights from Monday's festivities.
Slide Show: President Obama's Second Inauguration
The second inauguration of Barack Obama as the 44th president of the United States and Joseph R. Biden Jr. as vice president.
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DealBook P.M. Edition (January 24, 2013).: White Collar Watch: The Dual Duties of the Next S.E.C. Chief



Thursday, January 24, 2013
TOP STORY
White Collar Watch: The Dual Duties of the Next S.E.C. Chief Peter J. Henning says that Mary Jo White brings a strong law enforcement background, making her well suited to the Securities and Exchange Commission's role as top cop on Wall Street. But as the agency's chairwoman, she will also have to be able to devote attention to the S.E.C.'s regulatory duties.
Mary Jo White, a former federal prosecutor, oversaw the prosecution of the mafia boss John Gotti.
Choice for S.E.C. Is Ex-Prosecutor, in Signal to Wall St. President Obama tapped Mary Jo White, a former United States attorney turned white-collar defense lawyer, to lead the Securities and Exchange Commission. He also renominated Richard Cordray as director of the Consumer Financial Protection Bureau.

DEALBOOK HIGHLIGHTS
Commissioner Overseeing MF Global Inquiry at C.F.T.C. Abruptly Quits Jill E. Sommers, a Republican regulator overseeing the investigation into MF Global's collapse, has resigned her post at the Commodity Futures Trading Commission.
In Davos, Meetings Behind Closed Doors Between panel discussions at the World Economic Forum in Davos on Thursday, some financial chieftans were spotted gathering for a private discussion.
Sternlicht's Starwood to Buy Distressed Debt Manager for $1.05 Billion The Starwood Capital Group and Starwood Property Trust, both run by Barry S. Sternlicht, agreed on Thursday to pay $1.05 billion for LNR Property, bolstering their positions in distressed commercial real estate.
Commerzbank to Cut Up to 6,000 Jobs Facing a sluggish economy and tougher capital requirements, Commerzbank says it will cut up to 10 percent of its work force in a bid to increase earnings, joining other European banks that have announced restructuring plans in recent months.
Breakingviews: Greenhill Results a Positive Omen for M.&A. Boutiques Antony Currie says that Greenhill reported a 4 percent drop in advisory revenue last year, a week after larger rivals JPMorgan and Morgan Stanley posted much larger declines. It's a good sign for smaller shops if they can handle a weaker market as well as a strong one.
LOOKING AHEAD
Economic Reports Data scheduled to be released on Thursday includes the sales of new homes for December.
Corporate Earnings Companies scheduled to release quarterly earnings reports on Friday include Honeywell, Kimberly-Clark, Procter & Gamble, Weyerhaeuser.
In the United States Treasury Secretary Timothy F. Geithner steps down on Friday.


Quotation of the Day
"As a young girl, Mary Jo White was a fan of the Hardy Boys. As an adult, she's built a career the Hardy Boys could only dream of."
President Obama announcing his nomination to be the next chairwoman of the Securities and Exchange Commission.

MarketWatch | Wall Street at Close Report (January 24, 2013).: Boeing lifts Dow to 5th gain; Apple sinks Nasdaq

By Laura Mandaro 


SAN FRANCISCO (MarketWatch) -- The Dow Jones Industrial Average led the major benchmarks higher on Thursday, supported by data on jobless claims and 1.4% advance in Boeing Co. BA +1.39% shares, while Apple Inc.'s AAPL -12.35% 12% loss sank the Nasdaq Composite COMP -0.74% . The Dow average closed up 46 points, or 0.3%, at 13,825.33, its fifth day of gains. The S&P 500 SPX +0.0007% edged up 0.01 point at 1,494.82, its seventh straight advance. Retail and health-care led gains; IT stocks, weighted towards Apple, lost 2%. The Nasdaq Composite, of which Apple makes up 10%, ended down 23.29 points, or 0.7%, to 3,130.38.


ETF Trends | New Selected Article (January 24, 2013).: A Homebuilder ETF for the Rebounding Housing Market

ETF TRENDS

A Homebuilder ETF for the Rebounding Housing Market

January 24th at 3:03pm by Tom Lydon
I do the “ETF of the Week” for MarketWatch every Thursday on Chuck Jaffe’s MoneyLife Show where I highlight big movers and disappointments within the exchange traded fund market.
This week, I took a look at the iShares U.S. Home Construction ETF (NYSEArca: ITB). Home sales and confidence in the housing market are steadily rising, but we have not returned to pre-2008 financial crisis highs yet. [Builders Rise on Housing Data]
Click here to listen.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

NFA Investor Newsletter January 24, 2013.

National Futures Association