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Nov 4, 2013

NYT | Asian Morning November 4, 2013 | Opinion: Those Depressing Germans by Paul Krugman.

The New York Times
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Monday, November 4, 2013


Top News
Egyptian police arrested a supporter of ousted president Mohamed Morsi during a protest in Ramses Square on Monday, in Cairo.
Morsi Calls Trial in Egypt 'Illegitimate,' and Case Is Delayed

By DAVID D. KIRKPATRICK and MAYY EL SHEIKH

The trial, on charges of inciting the murder of protesters, was Mohamed Morsi's first public appearance since his removal from office in July. It was adjourned until Jan. 8.
. The Lede: Tahrir Square Sealed Off as Morsi Appears in Court
. Egyptians Following Right Path, Kerry Says
. Lonely Advocate for Restraint in Egypt Tiptoes Around Talk of Compromise
Preet Bharara, the United States attorney in Manhattan, described SAC Capital's guilty plea agreement on Monday.

DealBook

SAC to Plead Guilty and Pay $1.2 Billion for Insider Trading

By PETER LATTMAN and BEN PROTESS

SAC Capital Advisors, the hedge fund owned by Steven A. Cohen, has agreed to plead guilty to insider trading violations, becoming the first large Wall Street firm in a generation to confess to criminal conduct. 

Editors' Picks

BUSINESS

Video Video: Buildings for Billionaires
A new crop of ultra-luxurious New York high rises are vying to be the next hot "it" building and are attracting billionaires from nearby as well as abroad.

OPINION | Op-Ed Contributor

Two-Faced Allies: Pakistan and the U.S.

By SHAHAN MUFTI

For domestic reasons, each country likes to use the other as a punching bag.
World
Pakistani Party Votes to Block NATO Supply Lines if Drone Strikes Persist

By DECLAN WALSH and ISMAIL KHAN

The ruling party in Khyber-Pakhtunkhwa Province voted to block NATO supply lines by Nov. 20 unless the United States stops its drone strikes in the nearby tribal belt.
Brazil Acknowledges Spying on Diplomatic Targets

By SIMON ROMERO

The government said its top intelligence agency had spied on diplomatic targets from countries including the United States, putting officials on the defensive.
Ziad Bahaa el-Din spoke with Catherine Ashton of the European Union last month to encourage reconciliation in Egypt.
Lonely Advocate for Restraint in Egypt Tiptoes Around Talk of Compromise

By KAREEM FAHIM

With the country on war footing and security officials rallying a fight against Islamists, Ziad Bahaa el-Din, a cabinet minister, is in a precarious place, trying to coax the government toward moderation.
For more world news, go to NYTimes.com/World

Business
Twitter will begin trading on the New York Stock Exchange on Thursday.

DealBook

Twitter Raises Price Range for Its I.P.O.

By DAVID GELLES and VINDU GOEL

Twitter has raised the price range for its initial public offering to $23 to $25, signaling the company's bullish outlook ahead of its trading debut on Thursday.
. Ads Scant When Twitter Crosses Borders
Michael O'Leary, the chief executive of Ryanair. A drop in annual profits would be the first for the airline.
Ryanair Cuts Annual Profit Outlook Again

By NICOLA CLARK

Shares of Ryanair tumbled nearly 13 percent after the airline slashed its earnings forecast as economic weakness and intensifying competition drove ticket prices down.
HSBC Profit Rises; Bank Is Cooperating With Foreign Exchange Inquiry

DealBook

HSBC Profit Rises; Bank Is Cooperating With Foreign Exchange Inquiry

By JULIA WERDIGIER

The bank said pretax profit rose to $5.1 billion in the three months ended Sept. 30 from $4.6 billion in the period a year earlier.
For more business news, go to INYT.com/Business
Technology
Ads Scant When Twitter Crosses Borders

By MARK SCOTT

Though three-quarters of its users are outside the United States, only a modest portion of its ad revenue is generated there. But it's growing fast.
. Video: The I.P.O., by the Numbers | Document: I.P.O. Filings
Tama Robertson is among the New Yorkers who use Airbnb to rent out rooms in their homes to short-term visitors, sometimes legally, sometimes not.

The Appraisal

The Airbnb Economy in New York: Lucrative but Often Unlawful

By ELIZABETH A. HARRIS

A number of New Yorkers make a substantial portion of their income by renting out apartments on a short-term basis through the Airbnb website.
A scene from the documentary
Netflix Acquires Streaming Rights to Highly Praised Documentary

By BRIAN STELTER

The service's deal for "The Square," about protests in Egypt, follows its strategy of offering more original programming.
. Seeking More Pay for Delayed Play
For more technology news, go to NYTimes.com/Tech
Sports
Hugo Lloris, left, was struck in the head by the knee of an opponent, Romelu Lukaku, right, and knocked unconscious.

On Soccer

No Heroism in Tottenham Goalie's Playing On After Head Injury

By SAM BORDEN

A goalkeeper's ability to persuade trainers that he could play after a blow to the head showed the flaws of the Premier League's treatment of head injuries.
Horses from overseas at a quarantine center in Melbourne, Australia. Vintage Crop and Drum Taps were flown in for the 1993 Melbourne Cup, the first horses from the Northern Hemisphere to make the journey. Vintage Crop won, and the  rest is history.
Australia's Melbourne Cup Is Now a Foreign Affair

By RYAN GOLDBERG

At least a third of the field on Tuesday in the Melbourne Cup, Australia's biggest horse race, will be made up of overseas runners. It wasn't always so.
Marco Botti giving a drink to Dandino at the quarantine center in Melbourne last month. Though unfamiliar in Australia, the Botti name is well known in Europe.
A Cosmopolitan Horse Comes to Australia

By RYAN GOLDBERG

Dandino and his trainer, Marco Botti, are the embodiment of the international nature of the 153rd Melbourne Cup race in Australia.
For more sports news, go to INYT.com/Sports
U.S. News
John Sevier, a volunteer with Americans for Prosperity, in Coralville, Iowa, where the group has aggressively campaigned.
Koch Group Has Ambitions in Small Races

By JOHN ELIGON

Backed by the billionaire Koch brothers, Americans for Prosperity has campaigned against taxes and spending in Coralville, Iowa, but some voters are skeptical of its motives.
Jason Medrano Garcia, left, and his classmates worked on a lesson at Alice Terry Elementary School in Englewood, Colo. Amendment 66 would make full-day kindergarten standard across the state.
Colorado Is Asking Taxpayers for $1 Billion to Help Schools

By JACK HEALY

On Tuesday, Colorado will ask voters to raise taxes to fund one of the most ambitious and sweeping education overhauls in the country.
Under Health Care Act, Millions Eligible for Free Policies

By REED ABELSON and KATIE THOMAS

Federal subsidies will pay the entire monthly cost of some plans being offered in the online marketplaces, a surprising figure that has not gotten much attention, in part because the zero-premium plans come with serious trade-offs.
For more U.S. news, go to NYTimes.com/US
Opinion
Roger Cohen

Op-Ed Columnist

The Post-American Mall

By ROGER COHEN

In both Dubai and Brazil two characteristics of the emergent world struck me: a love of money and a government loathing of dissent.
. Columnist Page
Paul Krugman
Those Depressing Germans

By PAUL KRUGMAN

They are beggaring their neighbors, and the world, by running big trade surpluses.
. Columnist Page | Blog
For more opinion, go to INYT.com/Opinion

Will Indians keep buying gold? GATA | THE GATA DISPATCH November 4, 2013.

Will Indians keep buying gold?

8p ET Monday, November 4, 2013

Premiums on gold in India will decline over time as smuggling the monetary metal past the government's heavy-handed import restrictions is institutionalized, according to an Indian analyst interviewed by Sprott Asset Management's Henry Bonner. Bonner's commentary is headlined "Will Indians Keep Buying Gold?" and it's posted at the Sprott Internet site here:
http://sprottgroup.com/thoughts/articles/will-indians-keep-buying-gold/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH NOVEMBER 4, 2013: Gold market manipulation cited in Future Money Trends interview of Jay Taylor.

Gold market manipulation cited in Future Money Trends interview of Jay Taylor

4:45p ET Monday, November 4, 2013

Dan Ameduri of Future Money Trends today interviews financial letter writer Jay Taylor about the gold market and its manipulation. The interview is 18 minutes long and audio as well as a transcript are posted at the Future Money Trends Internet site here:
http://www.futuremoneytrends.com/index.php/interviews/549-we-are-close-t...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

The Wall street Journal | Major Indexes Closing November 4, 2013.

Major Indexes Closing
Major Indexes 6:00 p.m. EST 11/04/13
  Last Chg % Chg
DJIA* 15639.12 23.57 0.15
DJ Transportation Average* 7129.19 81.42 1.16
DJ Utility Average* 505.55 0.90 0.18
Nasdaq* 3936.59 14.55 0.37
Nasdaq 100* 3384.75 4.98 0.15
S&P 500* 1767.93 6.29 0.36
S&P 400 Mid-Cap* 1299.93 9.22 0.71
S&P 600 Small-Cap* 634.69 8.01 1.28
DJ Total Stock Market* 18571.79 82.76 0.45
NYSE Composite* 10064.11 45.95 0.46
NYSE Financial* 6161.34 -0.81 -0.01
Russell 2000* 1108.28 12.61 1.15
NYSE MKT Composite* 2429.51 0.68 0.03
KBW Bank* 64.28 -0.06 -0.09
PHLX Gold/Silver* 94.35 2.31 2.51
PHLX Housing Sector* 184.39 2.04 1.12
PHLX Oil Service* 286.30 2.49 0.88
PHLX Semiconductor* 504.68 -0.71 -0.14
See All Major U.S. Indexes
Markets Diary 6:00 p.m. EST 11/04/13
Issues NYSE Nasdaq NYSE MKT
Advancing 2,044 1,672 223
Declining 1,007 856 160
Unchanged 106 114 24
Total 3,157 2,642 407


Issues at      
New 52 Week High 149 112 7
New 52 Week Low 13 37 9


Share Volume      
Total 3,165,893,780 1,791,089,329 72,778,811
Advancing 2,342,560,570 1,029,809,762 44,983,379
Declining 791,727,583 698,621,574 24,485,946
Unchanged 31,605,627 62,657,993 3,309,486
Major World Indexes 4:40 p.m. EST 11/04/13
  Last Chg % Chg
Global Dow* 2411.80 6.94 0.29
DJ Global Index* 305.39 1.05 0.35
DJ Global exUS* 234.79 0.69 0.29
Stoxx Europe 50* 2878.90 5.13 0.18
UK: FTSE 100* 6763.62 28.88 0.43
Germany: DAX* 9037.23 29.40 0.33
Japan: Nikkei 225* 14201.57 -126.37 -0.88
Hong Kong: Hang Seng* 23189.62 -60.17 -0.26
See All Major World Indexes
Footnotes
Indexes may be real-time or delayed based on exchange requirements.

Sources: SIX Financial Information; WSJ Market Data Group