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Mar 18, 2013

Resistance in Cyprus Grows to Europe's Bailout Plan: NYT | Global Update march 18, 2013.

The New York Times International Herald Tribune
March 18, 2013
Compiled 20:45 GMT

Global Update

TOP NEWS

Resistance in Cyprus Grows to Europe's Bailout Plan

By LIZ ALDERMAN
President Nicos Anastasiades delayed a vote on a $13 billion deal that set off outrage for calling on Cypriot bank depositors to bear part of the cost, while stock markets faltered on concerns over the plan.

Wall Street Slumps on European Concerns

By REUTERS
Stocks dropped as a divisive bailout plan for Cyprus gave investors a reason to lock in profits from the recent rally.
DealBook

Cyprus Bailout Puts New Pressure on Europe's Banks

By MARK SCOTT
Just as pressure was easing on Europe's financial sector, the situation in Cyprus has created chaos, sending bank shares tumbling and raising concerns that other institutions could face similar problems.
Opinion

Op-Ed Contributor

Remote-Control Warfare Requires Rules

By JANE HARMAN
Using lethal tools without public debate or clear legal authority is a mistake and a slippery slope.
World

Video: Mali Exit Strategy

Back from North Africa, The Times's Eric Schmitt reports on mounting concerns surrounding French plans to draw down troops.
WORLD

As Government Stands Firm, Analysts See Risk of New Recession in Britain

By JULIA WERDIGIER
Britain's finance minister is expected to continue with his austerity plans when the budget is announced Wednesday, despite the failure of the policies to improve the economy to date.

Syria Warplanes Hit Lebanon for First Time

By HANIA MOURTADA and RICK GLADSTONE
Syrian forces have occasionally clashed with anti-Assad fighters across the Lebanon border, but had never before used warplanes to strike at suspected rebel hideouts inside Lebanese territory.

Starting a Papacy, Amid Echoes of a 'Dirty War'

By SIMON ROMERO and WILLIAM NEUMAN
The election of Francis is focusing scrutiny on his role at the Roman Catholic Church in Argentina, which was accused of complicity during a military junta's violent reign.
BUSINESS

Resistance in Cyprus Grows to Europe's Bailout Plan

By LIZ ALDERMAN
President Nicos Anastasiades delayed a vote on a $13 billion deal that set off outrage for calling on Cypriot bank depositors to bear part of the cost, while stock markets faltered on concerns over the plan.

Failing Health of Italian Banks Hangs Over Markets

By LANDON THOMAS Jr.
A second front of fear has broken out in the European debt crisis: the condition of Italian banks.

Indonesian Carrier Orders $24 Billion in Jets From Airbus

By NICOLA CLARK
The order by the Indonesian airline Lion Air is a significant inroad for Airbus into one of Asia's fastest-growing travel markets.
TECHNOLOGY

Hacker Case Leads to Calls for Better Law

By AMY CHOZICK and CHARLIE SAVAGE
The indictment of Matthew Keys, 26, in relation to a 2010 incident of online vandalism has led to an outcry over sentencing in computer crimes.

Ericsson and ST Microelectronics to Dissolve Venture

By KEVIN J. O'BRIEN
The decision to unwind ST-Ericsson brings a measure of finality to an attempt to build a European semiconductor business to compete with American and Asian market leaders.

Google Executive to Visit Myanmar

By AUNG HLA TUN | REUTERS
Eric Schmidt, the executive chairman of Google, plans to visit Myanmar, one of the last unexploited territory for businesses in Asia.
SPORTS
On Baseball

Kingdom of the Netherlands, the Epitome of the Classic

By TYLER KEPNER
The Dutch team's pitchers are largely from the Netherlands, and its star position players come from Curaçao and Aruba.

Soft Landing for Nadal in Triumphant Return

By BEN ROTHENBERG
Rafael Nadal won his first hardcourt tournament in more than 11 months, beating Juan Martín del Potro, and Maria Sharapova beat Caroline Wozniacki.

Lewis Rallies for Title and No. 1 Ranking

By KAREN CROUSE
Stacy Lewis shot a final-round 64 to beat Ai Miyazato by three shots in the L.PG.A. Founders Cup.
U.S. NEWS

Dispute on Transgender Rights Unfolds at a Colorado School

By DAN FROSCH
A legal dispute over the right to use a school bathroom is unfolding in Colorado as other states seek to clarify their policies relating to transgender students.

F.B.I. Says It Has Clues in '90 Boston Art Heist

By KATHARINE Q. SEELYE and TOM MASHBERG
The bureau said Monday that it believes it knows the identity of the thieves who stole 13 paintings valued at up to $500 million from the Isabella Stewart Gardner Museum.

In Some States, Gun Rights Trump Orders of Protection

By MICHAEL LUO
The National Rifle Association and its allies are challenging states' efforts to take guns away from domestic violence offenders who have been served with civil protection orders.
OPINION
Op-Ed Columnist

Marches of Folly

By PAUL KRUGMAN
Did we learn anything from Iraq?
Op-Ed Contributor

Why Iran May Be Ready to Deal

By VALI NASR
Sanctions have brought Tehran to the negotiating table. Now it's time to move beyond them.

Tax Credits or Spending? Labels, but in Congress, Fighting Words: NYT | Politics March 18, 2013.

The New York Times

March 18, 2013

Politics

A Town and Country grocery store in Bozeman, Mont., relied on federal tax credits for its construction in a low-income area.

Tax Credits or Spending? Labels, but in Congress, Fighting Words

By ANNIE LOWREY
As lawmakers struggle to narrow the government's deficit, every dollar taken from a grant program counts as a budget cut, while every dollar taken from a tax credit is instead a tax increase.
Liberals and labor leaders have hailed Thomas E. Perez, right, calling him a champion for workers and those who have faced discrimination.

Obama Nominates Justice Aide for Labor Post

By PETER BAKER
President Obama announced Monday that he would nominate Thomas E. Perez, who heads the Civil Rights Division at the Justice Department, to be the next secretary of labor.
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More Politics

G.O.P. Report Is Blunt in Its Call for New Direction

By SARAH WHEATON
A review of the Republican Party's 2012 election efforts called for improving the way the party talks about its ideas, turns out potential voters and raises money.
Representative Paul D. Ryan announcing his Republican budget proposal last week. His party believes the plan gives it an edge.

Republicans Act With Air, if Not a Vote, of Confidence

By JONATHAN WEISMAN
In Congress, the party is pushing an agenda that is almost identical to the one it lost with in November, with no regrets and few efforts to reframe it.

Gender Bias Seen in Visas for Skilled Workers

By ASHLEY PARKER
The Senate Judiciary Committee is expected to hear testimony on Monday arguing that a visa program that allows workers in high-tech fields to enter the United States discriminates against women.

A Senate Plan Alters Waiting Periods for Immigration

By MICHAEL D. SHEAR and ASHLEY PARKER
The bipartisan group's overhaul of an immigration law would decrease the amount of time it takes to become a naturalized citizen, but increase the wait for a green card.

The Caucus

Hillary Clinton Endorses Same-Sex Marriage

Hillary Clinton Endorses Same-Sex Marriage

By SHERYL GAY STOLBERG
Hillary Rodham Clinton, the former secretary of state and potential 2016 presidential candidate, said in a video posted on the Internet Monday that "gay rights are human rights.''
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Senator Edward M. Kennedy with his first wife, Joan, and son Edward Jr. in 1979 at Wesleyan University in Middletown, Conn., where the younger Kennedy was a student.

Ted Kennedy Jr. Is (Finally) Ready for the Family Business

By MARK LEIBOVICH
He has finally received the calling. But does the name still matter?
The Caucus

G.O.P. Leaders Unswayed by Obama's 'Charm Offensive'

By BRIAN KNOWLTON
In television appearances, Republican leaders who hold the most sway over fiscal negotiations were holding firm in opposing President Obama's proposal to raise new tax revenue.

Multimedia

Video: Change of Heart
The Times's Jeremy W. Peters on Senator Rob Portman's switch to support gay marriage and the lack, so far, of a Republican response.
Video: A New G.O.P. Tack
The Times's Richard W. Stevenson on some party-evolving ideas being posed early at the Conservative Political Action Conference.
Graphic: The Distance Between the Parties' Budgets
Budgets proposed by House Republicans and Senate Democrats for the 2014 fiscal year.
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This Isn't Your 1998 Rally..., Jon Markman: MoneyShow Investors Daily Alert March 18, 2013.


INVESTORS DAILY ALERT


The Daily Guru
Jim Jubak on MoneyShow.com
TOP PROS' TOP PICKS
GURUS' VIEWS & STRATEGIES
MoneyShow.com Exclusive Interviews
IDEAS FROM AROUND THE WORLD
Today's Featured Videos
Forbes Roundtable, Jim Lowell, R. Brad Thomas, John Dobosz, Richard Lehmann, Matthew Schifrin

DealBook P.M. Edition March 18, 2013.: The Hurdles Offer for Dell.


NYTimes.com Home |Business Day| Video The New York Times


Monday, March 18, 2013
TOP STORY
The Hurdles to a Higher Offer for Dell With Dell's stock trading well above the $13.65 a share that its founder and the investment firm Silver Lake have offered, the would-be buyers may very well have to raise their offer. But that's going to cost real money, and it won't come easily.
For the latest updates, go to dealbook.nytimes.com »
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DEALBOOK HIGHLIGHTS
White Collar Watch: What Comes Next for SAC Peter J. Henning says that the criminal prosecution of Mathew Martoma, a former SAC employee, continues, and it raises the intriguing question about whether prosecutors will call anyone from the hedge fund as a witness against him.
Man Group Imposes Limits on Cash Bonuses for Executives The Man Group, the largest publicly traded hedge fund firm in the world, said annual cash bonuses for its top executives would be capped at no more than 250 percent of salary.
China Insider: With New Chinese Leaders in Place, Waiting for an Agenda to Emerge Bill Bishop says that Premier Li Keqiang pledged in his first news conference to fight graft and pollution, but no one expects quick solutions.
A Blankfein Wedding Lloyd C. Blankfein, the chief executive of Goldman Sachs, has gained a daughter-in-law. DealBook lost its invitation, but other guests documented it all on Instagram.
White Collar Watch: Senate Report on JPMorgan Loss May Provide Fresh Evidence Peter J. Henning says that the Senate report and hearing on JPMorgan Chase's $6 billion trading loss provides a portrait of a bank that went right to the edge of acceptable practices, and may have even stepped over the line.
Cyprus Bailout Puts New Pressure on Europe's Banks Just as pressure was easing on Europe's financial sector, the situation in Cyprus has created chaos, sending bank shares tumbling and raising concerns that other institutions could face similar problems.
Buzz Tracker
The Surfers Versus Khosla The Surfrider Foundation, a coastal protection group, claims in a lawsuit that the owner of a beachfront property near San Francisco has cut off access to Martin's Beach, PE Hub reports.
Royal Bank of Canada Hires Co-Heads of U.S. Technology Banking The Royal Bank of Canada said on Monday that it had hired Michal Katz and Michael Carter as co-heads of its United States technology investment banking group. The bank also hired Erik-Jaap Molenaar as a managing director in technology mergers and acquisitions. All three come from Barclays, and had previously worked at Lehman Brothers.
Safeway Gift Card Unit Files for I.P.O. Blackhawk Network Holdings, the gift card business largely owned by the grocery chain Safeway, filed to go public on Monday, with preliminary plans to raise as much as $200 million. Safeway will continue to hold a large stake in Blackhawk after the offering.
LOOKING AHEAD
Economic Reports Data to be released on Tuesday include housing starts for February.
Corporate Earnings Companies scheduled to release quarterly earnings statements on Tuesday include Adobe Systems.
In the United States On Tuesday, opposing sides will report to federal court in Washington on talks to resolve the government's suit to block Anheuser-Busch InBev's purchase of Grupo Modelo; the Senate Banking Committee will meet in executive session to consider the nominations of Mary Jo White to be chairwoman of the Securities and Exchange Commission and Richard Cordray to be director of the Consumer Financial Protection Bureau; a House Oversight and Government Reform subcommittee will conduct a hearing about the Obama administration's decisions on spending cuts and furloughs under sequestration; and a House Oversight and Government Reform subcommittee will conduct a hearing about the Energy Department's strategy for exporting liquefied natural gas.
Overseas On Tuesday, the Frankfurt Finance Summit will feature a welcome address by Jens Weidmann, president of the Bundesbank, and speeches by Christine Lagarde, managing director of the International Monetary Fund; Wolfgang Schäuble, the German finance minister; and Anshu Jain, co-chief executive of Deutsche Bank.
For the latest updates, go to dealbook.nytimes.com »
Quotation of the Day
"Authorities have taken a calculated risk. If the problem escalates, the entire euro zone banking system could implode."
Cormac Leech, a banking analyst at Liberum Capital, in London, on a Cyprus bailout plan.