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Jan 16, 2014

Financial Reform in a Crisis: The Swedish Solution - Published on Jan 4, 2014 by INETeconomics Interviews

INETeconomics INETeconomics·

Al Jazeera English January 16, 2014: UN workers' strike hurting West Bank refugees

Al Jazeera English Al Jazeera English

Al Jazeera English January 16, 2014:: UN warns against risk of genocide in CAR

Al Jazeera English Al Jazeera English

RT America January 16, 2014: Penis pumps pump up government waste by $172 million

RT America RT America

NYT | ALERT FGC BOLSA - FGC FINANCIAL MARKETS January 16, 2014: High & Low Finance A Window for Real Tax Reform

The New York Times | MY ALERTS


Compiled: January 16, 2014 06:38:09 PM

High & Low Finance

A Window for Real Tax Reform
Enacting a plan that would close tax loopholes and lower rates, while raising needed federal revenue, would not be easy. But recent work by congressional committees raises some tantalizing possibilities.

NTY | Asian Morning January 16, 2014: Top News: U.N. Says Lag in Confronting Climate Woes Will Be Costly.

The New York Times
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Friday, January 17, 2014

Top News
A coal yard worker's stained hand in Hefei, China, in 2007. Gains in renewable energy are being swamped by rising emissions from fossil fuels in fast-growing countries like China, according to a new report on climate change.
U.N. Says Lag in Confronting Climate Woes Will Be Costly


Another 15 years of failure by nations to limit carbon emissions could make the situation virtually impossible to solve with current technologies, according to a draft United Nations report.
Xu Zhiyong, center, was indicted last month for
Chinese Activists Test New Leader and Are Crushed


An anti-corruption group was heartened when China's new president, Xi Jinping, came to power in 2012. Since then, their ideals have collided with a harsh reality.
In Greece, Elites Are Starting to Feel the Pain


Prosecutors, working independently of politicians, are pursuing corruption cases against a widening pool of current and former officials and members of the business elite.
For more top news, go to

Editors' Picks


Video Feature VIDEO FEATURE: 'Notes on Blindness'
After the writer John Hull became completely blind in 1983, he kept an audio diary of his experience. This short film is a dramatization using those recordings.


Does Egypt's Vote Matter?


The new, military-backed constitution is sure to pass. But it won't give Egypt the stability it desperately needs.
U.N. Reports Mass Executions in Northern Syria


The killings of civilians and fighters who were no longer participating in hostilities may constitute war crimes and crimes against humanity, the United Nations human rights chief said.
. Donors Offer $2.4 Billion to Aid Syrian Civilians, but U.N. Says More Is Needed
. Flow of Westerners to Syria Prompts Security Concerns
A Libyan man investigating the inside of the United States diplomatic compound  in Benghazi, Libya, after the attack in September 2012.
Benghazi Attack Called Avoidable in Senate Report


A stinging report by the Senate Intelligence Committee blames both American diplomats and spies for poor communication and lax security before the deadly 2012 episode in Libya.
Obama's Path From Critic to Overseer of Spying


In 2007, Barack Obama described a surveillance state run amok. He is now the leader of a surveillance state that some of his own advisers think has gotten out of control.
. Video  Video: Obama on Surveillance Through the Years
For more world news, go to
Theft at Target Leads Citi to Replace Debit Cards


Citibank is the second major bank to replace cards since the data breach was disclosed last month.
Wall Street Falters With a Dismal Report From Best Buy and Disappointing Bank Profits


The markets were lower on Thursday, with Best Buy and financial stocks weighing on the indexes.
Marissa Mayer, Yahoo's chief executive, fired the company's chief operating officer, Henrique de Castro, after persuading him to leave Google.
Yahoo Parts Ways With Its No. 2 Executive


Yahoo, which has lost ground to competitors in recent years, tersely announced that Henrique de Castro would step down as chief operating officer.
For more business news, go to
In the fourth quarter of 2013, 42 percent of smartphone owners in the United States were using iPhones, according to the NPD Group.


Apple and Samsung Widen Lead in U.S. Phone Market


Apple and Samsung Electronics, the two technology companies that make almost all the profit in the smartphone market, have grown even stronger in the United States.
Intel Profit Up Slightly, Shares Fall After-Hours


The chipmaker's revenue of $13.8 billion, compared with $12.5 billion in the same quarter last year, comes as it grapples with a shrinking PC industry.
Carpet Bombing: How One Business Is Trying to Get Rid of Bad Reviews


Carpet Bombing: How One Business Is Trying to Get Rid of Bad Reviews


Anonymous reviews are protected by the First Amendment. But if they are anonymous, how can they be determined to be fake?
For more technology news, go to
Rex Ryan and Jets Agree on Contract Extension


Rex Ryan received a multiyear extension, but if the Jets fail to return to the postseason, the team will be able to escape without much financial penalty after 2015.
Roger Federer using his new, bigger racket as he rolled over Blaz Kavcic at the Australian Open in Melbourne on Thursday.
Is Change Good? Federer, With New Racket, to Find Out


Roger Federer long dominated tennis with a smaller racket, but he is now using a bigger one after failing to reach a Grand Slam final last year.
Maria Sharapova seemed happiest on changeovers, underneath the shade of an umbrella, an ice vest draped over the back of her neck.
In Wilting Heat, Sharapova Escapes 2nd Round


In a match where the temperature climbed to 111 degrees, it took Maria Sharapova 3 hours 28 minutes to beat Karin Knapp of Italy, 6-3, 4-6, 10-8, and advance to the third round of the Australian Open.
For more sports news, go to
U.S. News
Students were reunited with families following a shooting at Berrendo Middle School in Roswell, N.M.
In Age of School Shootings, Lockdown Drills Are the New Duck-and-Cover


At the whiff of a threat, a generation growing up in the shadow of Columbine and Sandy Hook is trained to snap off the lights, lock the doors and take refuge in corners and closets.
Michigan Considers Plan to Save Detroit Pensions and Prized Art


An option for the state to provide $300 million over decades to spare the pensions of city retirees and save the city's art collection from bankruptcy sale.
Obama Lauds Pledges to Expand College Opportunities


Scores of college presidents along with corporate and nonprofit leaders promised new initiatives and money toward enrolling and graduating more low-income minority students.
For more U.S. news, go to

Judge Rejects Detroit's Deal to Exit Swap Contracts: DealBook P.M. Edition January 16, 2014.

Downtown Detroit in 2008.
Judge Rejects Detroit's Deal to Exit Swap ContractsJudge Steven Rhodes said in his decision that Detroit had hurt itself financially in the past by going forward with hasty and imprudent decisions and that the practice "must stop."
For the latest updates, go to »
Goldman Profit Falls 19% on Weakness in Fixed-Income Unit
Goldman Profit Falls 19% on Weakness in Fixed-Income Unit Goldman Sachs reported a drop in fourth-quarter profit on Thursday, still hurt by a decline in its fixed-income business but reporting strong results in equity underwriting.
At Goldman in Europe, There's Salary, Bonus and a New Option
At Goldman in Europe, There's Salary, Bonus and a New Option The new kind of pay class for bankers in Britain and on the Continent - "role-based pay" - is a response to bonus caps passed by European Commission for some employees.
Goldman Sachs Keeps a Lid on Pay
Goldman Sachs Keeps a Lid on Pay The value of the bank's compensation and benefits for 2013 is the lowest it has been since 2009, measured as a proportion of net revenue, according to results released on Thursday.
Citigroup Earnings Disappoint
Citigroup Earnings Disappoint The bank's fourth-quarter results failed to live up to Wall Street's expectations, as trading revenue faltered.
BlackRock Has Strong Quarter
BlackRock Has Strong Quarter The giant money manager BlackRock posted fourth-quarter earnings that easily exceeded Wall Street estimates, as new money flowed into a wide range of its investment products.
Corvex Turns Down CommonWealth Board Seat Keith Meister, the founder of the activist hedge fund Corvex, pledged to continue his campaign to replace the existing slate of directors at CommonWealth REIT, a real estate investment trust.
Treasury Sells $3 Billion Stake in Ally Financial
Treasury Sells $3 Billion Stake in Ally Financial The sale, conducted as a private placement, helps resolve questions about how the government would dispose of its Ally stake.
'The Wolf of Wall Street,' in the Hunt for Oscars
'The Wolf of Wall Street,' in the Hunt for Oscars Martin Scorsese's movie based on the debauched tale of Jordan Belfort's first memoir has garnered five Academy Award nominations, including for best picture.
A Game for Would-Be Deal Makers On Thursday, Ansarada, which provides virtual data rooms for merger and acquisition transactions, released the M&A Game, aimed at bringing some levity to the soul-crushing work of investment banking.
New Ratings Agency Hopes to Compete With Big 3 Outside U.S. A group of smaller credit rating agencies outside the United States has formed Arc Ratings, a new company that the group hopes will provide a viable alternative to the so-called Big 3 credit rating agencies when it comes to international debt financing.
Apollo to Buy Out Chuck E. Cheese Parent for $1.3 Billion Apollo Global Management has agreed to acquire CEC Entertainment, which operates 577 Chuck E. Cheese's restaurants, for $1.3 billion, including the assumption of debt.
Ranking the Biggest Restaurant Leveraged Buyouts Apollo's $1.3 billion takeover of the parent of Chuck E. Cheese's ranks among the top five leveraged buyouts of an American restaurant chain. Here's the list of the top 10.
Carlyle Buys Johnson & Johnson Testing Division for $4.15 BillionThe deal for the unit, Ortho-Clinical Diagnostics, is the Carlyle Group's first big buyout of the year.
Investors Turning to Riskier Investments for Returns, BlackRock Survey Finds Investors seeking higher yields are increasingly turning to riskier sectors like real estate and hedge funds, BlackRock found in a survey of 100 institutions released on Thursday.
Why It May Take More Than Former Google Stars to Turn Yahoo Around
Reuters Breakingviews: Why It May Take More Than Former Google Stars to Turn Yahoo Around Marissa Mayer has done much to revive Yahoo, but the Internet company, write Richard Beales and Robert Cyran of Reuters Breakingviews, still has a fundamental problem.
Bank Earnings Morgan Stanley will report earnings on Friday. The banking giants, analysts say, will most likely face sluggish demand from borrowers whose appetite for refinancing has been sapped by rising rates.
For the latest updates, go to »

Reuters | Daily Investor Briefing January 16, 2014:

Bond trading stings Goldman, Citi in fourth quarter
(Reuters) - Goldman Sachs Group Inc and Citigroup Inc were hit hard by a sharp fall in bond trading revenues in the fourth quarter, a stinging blow for two banks long seen as stalwarts of fixed income markets.
U.S. companies allowed to delay disclosure of data breaches
NEW YORK (Reuters) - A decade of lawmaking by U.S. states to ensure consumers are told when their data has been hacked still lets companies such as Target Corp wait weeks or even months to disclose security breaches.
Intel profit up slightly, shares fall after-hours
SAN FRANCISCO (Reuters) - Intel Corp posted fourth-quarter net earnings of $2.6 billion, or 51 cents a share, compared with $2.5 billion, or 48 cents a share, in the year-ago quarter as the chipmaker grapples with a shrinking PC industry and finds support from demand for more servers.
American Express profit doubles as US holiday shoppers spend more
(Reuters) - Credit card company American Express Co's quarterly profit more than doubled as it gained from higher consumer spending during the U.S. holiday season.
Dow, S&P 500 ease as bank earnings disappoint
NEW YORK (Reuters) - The Dow and S&P 500 dipped on Thursday, led by financial shares after a round of disappointing earnings from the sector.
U.S. data points to firming labor market, inflation tame
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell for the second consecutive week last week, suggesting a sharp step-down in job growth in December was likely to be temporary.