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May 2, 2013

JPMorgan Warned Over ‘Manipulative Schemes’ in Energy Markets: The New York times Breaking News May 2, 2013.

The New York Times | BREAKING NEWS ALERT
EXCLUSIVE Thursday, May 2, 2013 10:01 PM EDT
Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath.
The findings appear in a confidential government document, reviewed by The New York Times, that was sent to the bank in March, warning of a potential crackdown by the regulator of the nation’s energy markets.
The possible action comes amid showdowns with other agencies. One of the bank’s chief regulators, the Office of the Comptroller of the Currency, is weighing new enforcement actions against JPMorgan over the way the bank collected credit card debt and its possible failure to alert authorities to suspicions about Bernard L. Madoff, according to people who were not authorized to discuss the cases publicly.

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http://dealbook.nytimes.com/2013/05/02/jpmorgan-caught-in-swirl-of-regulatory-woes/?emc=na

Central Bank Takes Step as Europe's Downturn Drags On By JACK EWING: The New York Times Global Update May 2, 2013.

The New York Times International Herald Tribune
May 2, 2013
Compiled 20:56 GMT

Global Update

TOP NEWS

Central Bank Takes Step as Europe's Downturn Drags On

By JACK EWING
The European Central Bank on Thursday cut its benchmark interest rate to a record low, a mostly symbolic move that is unlikely to jolt the Continent out of recession.

North Korea's Sentencing of American Puts U.S. in a Bind

By CHOE SANG-HUN and RICK GLADSTONE
Efforts by the United States to break North Korea's habit of blackmailing have been put to a major test with the sentencing of an American to 15 years of hard labor.

Netanyahu Backs Referendum for a Peace Agreement With Palestinians

By ISABEL KERSHNER
Putting any peace plan to a public vote is a move that some Israelis view as a potential obstacle to a deal.
Arts

Slide Show: A Mariinsky Addition

The new $700-million, 2,000-seat theater formally opens on Thursday with a gala concert.
Opinion

Op-Ed Contributor

Who're You Calling a Neanderthal?

By DAVID FRAYER
In the last decade, the Neanderthals have been given a major rethinking.
WORLD

Clash on Pakistan Border Stirs Afghan Emotions

By ROD NORDLAND
Afghan forces claimed to have overrun and destroyed a Pakistani-held border crossing, an event that provoked an outpouring of nationalist sentiment in Afghanistan.

Indian Prisoner in Pakistan Dies After Beating

By DECLAN WALSH
The fate of Sarabjit Singh, on death row for espionage, had long been a source of contention between India and Pakistan.

Where China Meets India, Push Comes to Shove

By GARDINER HARRIS and EDWARD WONG
A standoff between troops along a disputed border has entered a third week, causing alarm in New Delhi.
BUSINESS
High & Low Finance

Apple's Shuffle Keeps Profit Out of Reach of Taxes

By FLOYD NORRIS
Apple's move to sell bonds while holding huge amounts of cash is one example of how corporations - legally - avoid paying taxes.

Intel Names Insider as Chief Executive

By QUENTIN HARDY
Intel named Brian M. Krzanich to succeed Paul S. Otellini as chief executive, and appointed Renee J. James as its president.

G.M.'s Quarterly Profit Falls 14%

By BILL VLASIC
The automaker also reported a decline in first-quarter revenue, despite a concerted effort to introduce new models in the United States and Europe.
TECHNOLOGY

Mobile Ads Help Propel Earnings at Facebook

By SOMINI SENGUPTA
Facebook reported that about 30 percent of its total advertising revenue came from mobile devices, a significant jump from the last quarter.

Telecom Investor Named to Be F.C.C. Chairman

By EDWARD WYATT
Tom Wheeler has invested in start-up technology and communications companies, and advised the Federal Communications Commission on technology issues.

One Big Workbench

By STEVEN KURUTZ
Tinkering has moved out of the suburban garage and acquired a real-life social network.
SPORTS

In London, Soccer Courses Through the City's Veins

By SAM BORDEN
In a city full of soccer clubs, including six of the 20 in the Premier League, the team you support can say a lot about you.

A World of Talent in One Mighty German Club

By ROB HUGHES
With its 3-0 demolition of Barcelona in Spain, Bayern Munich put on a display that was a wonder to behold.

Lions Will Have to Gel Quickly

By EMMA STONEY
Coach Warren Gatland has a lot of talent on his British and Irish Lions squad, but his biggest task is getting his All-Star lineup to play together as a team.
U.S. NEWS

Airport Exposes Class Divisions in Silicon Valley

By NORIMITSU ONISHI
A technology boom that once created middle-class jobs and lifted the overall economy now fuels a growing gap between the very rich and everyone else.

After Boston Attack, 3 Friends Covered It Up, Prosecutors Say

By MICHAEL WINES and KATHARINE Q. SEELYE
Affidavits portray a scene of confusion as three young men, stunned to realize their friend Dzhokhar Tsarnaev was being sought as a terrorist, debated whether to help him.

Showing Grass-Roots Support for Immigration Overhaul

By JULIA PRESTON
The May Day gatherings were intended to show Congress that momentum is building in favor of a path to citizenship for 11 million immigrants in the country illegally.
OPINION
Op-Ed Contributor

Who're You Calling a Neanderthal?

By DAVID FRAYER
In the last decade, the Neanderthals have been given a major rethinking.
Op-Ed Columnist

'The Juice,' the Jousting and the Job

By CHARLES M. BLOW
President Obama's second term is just beginning. Let's let him have it before skipping ahead to 2016.
Editorial

Italy's New Government

By THE EDITORIAL BOARD
Confirming Prime Minister Enrico Letta is an essential first step on the road to political and economic recovery, but tough challenges are ahead.

The Conscience of a Liberal Medicaid Nonsense, by Paul Krugman: The New York Times Opinion Today May 2, 2013.

The New York Times

May 2, 2013

Opinion Today

Op-Ed Contributor

Here Comes the Buzz

A warm welcome for the Brood II cicadas, one of the longest living insects in the world, seen only once every 17 years along the East Coast.
Guns and Political Suicide
Opinionator

Guns and Political Suicide

Politicians left, right and center think their constituents are more conservative than they actually are.
Who's Sorry Now
Opinionator

Who's Sorry Now

Supreme Court justices sometimes have second thoughts. The latest is the retired Justice Sandra Day O'Connor, who thinks the court made a mistake by intervening in the disputed 2000 Florida election.
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Opinionator | Disunion

Cameristas

A photograph taken 150 years ago of a runaway slave changed the way Americans saw the Civil War.
The Ethics of Force-Feeding Inmates
Room for Debate

The Ethics of Force-Feeding Inmates

Is it ethical for nurses and doctors to help force-feed prisoners on hunger strikes, like those at Guantánamo?
Op-Ed Contributor

Waiting and Waiting ... for Justice

There's a civil way to speed up justice in minor criminal proceedings: let defendants stay home.
Op-Ed Contributor

Why I Am Signing Marriage Equality Into Law

It is an issue where doing the right thing and the smart thing are one and the same.
A Rag of Riches
Latitude

A Rag of Riches

Another independent newspaper in Egypt closes: Revolution or not, the media here are more vulnerable than ever.
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Editorial

Putting Politics Ahead of Science

The Obama administration's compromise on reproductive rights will hurt girls and women and is bound to undermine the president's credibility.
Editorial

Fairness on Sales Taxes

The Senate is finally about to pass a bill to let states collect sales taxes on purchases made on the Internet.
Editorial

Italy's New Government

Confirming Prime Minister Enrico Letta is an essential first step on the road to political and economic recovery, but tough challenges are ahead.
Editorial

Preying on Pensioners

State and federal regulators need to get a handle on the lack of disclosure in tactics used by companies that specialize in separating retirees from their pensions.
Editorial

Exorbitant Prices for Leukemia Drugs

The revolt against unjustifiably high prices of cancer medications has been joined by more than 100 leukemia experts from more than 15 countries.

The Opinion Pages

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

Guns for Kids

A 5-year-old boy shot his sister with a Crickett, sold under the slogan "My First Rifle."
The Oregon Data and the Health Care Debate
Evaluations

The Oregon Data and the Health Care Debate

Just because Republicans are dysfunctional on health policy doesn't mean that conservatives are wrong.
Medicaid Nonsense
The Conscience of a Liberal

Medicaid Nonsense

I do not think that study means what you think it means.
The Gun Report: May 2, 2013
Joe Nocera's Blog

The Gun Report: May 2, 2013

A day in the life of armed America.
Milestone Nears on Curve Charting the Human Imprint on the Atmosphere
Dot Earth Blog

Milestone Nears on Curve Charting the Human Imprint on the Atmosphere

A famous curve of carbon dioxide levels is close to passing a milestone.