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Feb 6, 2014

NYT | Asian Morning February 07, 2014: Top News: Boehner Doubts Immigration Overhaul Will Pass This Year

The New York Times
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Friday, February 7, 2014

Top News
At his weekly press conference on Thursday, House Speaker John A. Boehner suggested that passing a broad immigration overhaul would not happen this year.
Boehner Doubts Immigration Overhaul Will Pass This Year


By casting the issue as one of trust in President Obama, Speaker John A. Boehner tried to lay the blame at the White House's feet for what appears to be a quickly flagging immigration push.
Dmytro Bulatov, 35, after a press conference at a hospital in Vilnius, Lithuania on Thursday. The Ukrainian protester said he had been
Ukrainian Protest Leader Accuses Russian Agents in Kidnapping


Dmytro Bulatov gave his first full account of being tortured in captivity, describing his captors as "very professional" in inflicting pain.
. Ukraine Chief Loses Support in Stronghold
. European Official Takes Measured Tone on Ukraine Aid
Religious Freedom Is a Tenet of Foreign Policy, Obama Says


President Obama on Thursday urged China to do more to allow the freedom of worship, called on North Korea to release a Christian missionary and insisted that Iran free a Christian pastor.
For more top news, go to
Editors' Picks
Members of the Alpha Lambda Mu chapter at University of Texas, Dallas gathered for a sushi dinner after the close of rush week.


Video VIDEO: America's First Muslim Fraternity
A glimpse into the beginnings of Alif Laam Meem on the campus of the University of Texas, Dallas.


Tangling With China


The Philippines seeks arbitration over sovereignty claims in the South China Sea, but China resists.
Mamoru Samuragochi  in Hiroshima, Japan, in December at a performance of a symphony he had supposedly composed.
Renowned Japanese Composer Admits Fraud


Japan reacted with remorse and outrage to Mamoru Samuragochi's admission that he had hired a ghostwriter since the 1990s to compose most of his music.
Viktor F. Yanukovych, president of Ukraine, and Victoria Nuland, the assistant secretary of state for European affairs, met in Kiev on Thursday.
U.S. Points to Russia as Diplomats' Private Call Is Posted on Web


In the recording, an American assistant secretary of state and the ambassador to Ukraine are heard talking about the political crisis in Kiev.
President Vladimir V. Putin delivered remarks ahead of the opening of the Winter Olympic Games in Sochi.
Russia's Economic Malaise Casts Specter Over Games


What was supposed to be a crowning moment for Russia and President Vladimir V. Putin is coinciding with a significant slowdown in Russia's economy.
For more world news, go to
Mary T. Barra, the G.M. chief executive, introducing the 2015 GMC Canyon last month in Detroit. On Thursday she called the company's full-year results solid.
General Motors Reports 2% Lift in Quarterly Earnings


In the first quarter for the new chief executive, Mary Barra, the nation's largest automaker said restructuring charges held back its earnings.
Mario Draghi, president of the European Central Bank, during the bank's news conference in Frankfurt on Thursday.
European Central Bank Holds Interest Rate at 0.25%


The bank did not change its record-low rate, despite evidence that the euro zone is sliding into the dangerous economic condition known as deflation.
. Britain Holds Rates at Record Low
. Economists Sound the Alarm on Deflation in Europe
For more business news, go to
A display of Sony Vaio computers in Tokyo.
Sony Hopes Its 4th Overhaul Is the One That Counts


The company, struggling to keep pace in consumer electronics, said it planned to sell its Vaio PC unit to an investment fund and cut 5,000 jobs.
. DealBook: Sony Turns to Investment Firm With a Taste for Unloved Assets
Ro Khanna, at right, says he would be a
Tech Industry Flexes Muscle in California Race


The race in the 17th Congressional District in California underscores the tech industry's push to elect candidates who will further its interests, even if it means trying to replace a party stalwart with a relative unknown.
LinkedIn 2014 Revenue Forecast Misses Wall Street Estimate


The company posted a better-than-expected 47 percent jump in fourth-quarter revenue but projected revenue for this year that was below Wall Street targets.
For more technology news, go to
Downhill Courses Pose Intimidating Challenges


Thanks to high speeds and long jumps, the women's training session was stopped after only three skiers tried runs, while more than half of the men's field missed gates.
. Video  Video: Laurenne Ross on Her Downhill Practice Run
Evgeni Plushenko performed to tango music, landing uncertainly on his triple axel and laboring on his spins.


Evgeni Plushenko and Russia Begin Bid to Win Figure Skating Team Event


Plushenko, with three Olympic medals and an untold number of surgical screws, finished second in the short program of the team event, which is making its debut this year.
Angelica Morrone di Silvestri and Gary di Silvestri, center, with Felix Wilson, president of Dominica's Olympic Committee, left, and coach Thomas Troutner.
Caribbean Newcomers Dip Their Toes in Sochi's Snow


Dominica, a small Caribbean island nation, will make its Winter Olympic debut this week, led by a former investment banker from Staten Island and his Italian-born wife.
For more sports news, go to
U.S. News
The Stradivarius violin that was taken from the Milwaukee Symphony Orchestra's concertmaster in an armed robbery was displayed for the media after it was recovered, in Milwaukee, Wis., on Thursday.
Stolen Stradivarius Has Been Recovered


A Stradivarius violin that was stolen in late January from the concertmaster of the Milwaukee Symphony Orchestra was found in an attic and appears to be undamaged, the authorities said.
Guy Cecil, center, the director of the Democratic Senatorial Campaign Committee, with Anne Caprara, the political director, and Matt Canter, the deputy executive director, during a strategy meeting on Capitol Hill in Washington on Tuesday.
Democrats Aim to Make 2014 More Like 2012 and 2008


They hope to make the 2014 midterm election resemble a presidential election year, when more traditional Democratic constituencies vote in higher numbers.
Senate Fails to Pass 3-Month Extension of Jobless Benefits


The Senate failed to move forward on a three-month extension of assistance for the long-term unemployed on Thursday, dealing a setback to President Obama's economic agenda.
For more U.S. news, go to


My Husband's Things


How can I part with anything?


Detroit's Immigration Solution


Granting 50,000 visas to people with advanced degrees won't save the down-and-out city, but they could help.
. A Missing Argument on Contraceptives
. The U.N. Confronts the Vatican
Charles M. Blow


'Williams,' the Princess and the Gender Pay Gap


The difference in median earnings isn't just a women's issue, but a societal and moral one.
. Columnist Page

DealBook P.M. Edition February 06, 2014: Former SAC Trader Found Guilty of Insider Trading.

For the latest updates, go to »
Mathew Martoma, leaving court on Thursday, is expected to face a prison sentence of seven to 10 years.
Former SAC Trader Found Guilty of Insider TradingA federal jury in Manhattan has convicted Mathew Martoma on insider trading charges in what may be the last criminal case to emerge from a decade-long investigation of Steven A. Cohen and his SAC Capital Advisors hedge fund.
For the latest updates, go to »
An Illinois Tool Works plant in Libertyville, Ill.
Illinois Tool Works Nears $3 Billion Deal to Sell Packaging Unit The Carlyle Group is said to be the likely buyer for the unit, which produces a range of products used in shipping and transportation.
A closed restaurant in Ponce, on Puerto Rico's southern coast.
In Debt: Answer to Puerto Rico's Debt Woes? It's Complicated Puerto Rico is in a jam, writes Stephen J. Lubben. It is not considered a state, which means it can't resort to bankruptcy to deal with its debt problems. Nor is it a sovereign nation, which means it can't rely on sovereign immunity.
Makers of D.I.Y. drink machines have been seen as potential targets of the soda giants. Now that Coke has a partner, SodaStream and PepsiCo are considered a natural pairing.
Green Mountain's Deal With Coke Fails to Dent SodaStream Analysts and investors think that a deal between Coke and Green Mountain may presage another one: some sort of tie-up between SodaStream and Coke's archrival, PepsiCo.
Benjamin M. Lawsky, New York State's top financial regulator.
New York Regulator Halts Mortgage Servicing Rights Deal The office of Benjamin Lawsky, the superintendent of New York's Department of Financial Services, has halted the transfer of about $39 billion in servicing rights to Ocwen from Wells Fargo.
Vodafone, the British mobile mobile telecommunications company, has faced fierce competition and regulation.
Reuters Breakingviews: Vodafone's Investment Case Will Involve Deal-Making Vodafone's will be likely be interested in deals that will give it fixed-line networks in places where it cannot build or rent others on favorable terms, writes Quentin Webb of Reuters Breakingviews.
Henry R. Kravis, the co-chief executive of Kohlberg Kravis Roberts, said the private equity firm
K.K.R. Profit More Than Doubled in Fourth QuarterRising markets helped the private equity firm Kohlberg Kravis Roberts reap big gains from its investments.
Swiss Firm Mercuria in Talks to Buy JPMorgan's Commodities Unit JPMorgan Chase has been exploring strategic alternatives, including a possible sale or spinoff, for the business, which deals in physical commodities like metals and oil.
Adam C. Spiegel will be Glassdoor's chief financial officer.
Glassdoor, a Jobs Website, Hires a Finance ChiefGlassdoor is set to announce that it has hired Adam C. Spiegel as chief financial officer, potentially setting up an initial public offering of the company down the line.
Sony finds a buyer: Its Vaio-branded PC business will be sold to a Japanese investment firm.
Sony Turns to Investment Firm With a Taste for Unloved Assets Japan Industrial Partners, a little-known Japanese private equity firm that specializes in scouting the electronics landscape for turnaround opportunities, said it would buy Sony's unprofitable personal computer unit.
Sony, in Restructuring, to Sell Personal Computer Unit Faced with mounting losses, Sony said on Thursday that it had agreed to sell its unprofitable personal computer unit to Japan Industrial Partners, an investment fund.
Debt Ceiling Looms. Again. Here we go again. On Friday, the United States Treasury will lose the ability to issue new net debt. That's a problem: It is tax season, and the Treasury is currently sending out billions of dollars of refunds. By the end of February or early March, the country will run out of cash and start missing payments, unless Congress acts. Democrats and Republicans are, for the moment, talking past one another, but are expected to make a deal before a cash crisis hits.
For the latest updates, go to »

NYT | Breaking News February 06, 2014: Senate Fails to Extend Benefits for Long-Term Unemployed.

BREAKING NEWSThursday, February 6, 2014 
Senate Fails to Extend Benefits for Long-Term Unemployed
The Senate failed to move forward on a three-month extension of assistance for the long-term unemployed on Thursday, leaving it unlikely that Congress would approve the measure soon and dealing a setback to President Obama’s economic agenda.
The cloture vote was 58-to-40, falling short of the 60-vote threshold to break a Republican filibuster effort.


FTC | Competition Matters February 06, 2014: 100 years of looking to the future.

Competition Matters Banner
By: Debbie Feinstein, Director, Bureau of Competition
February 6, 2014
As Yogi Berra reputedly said, “It’s tough to make predictions, especially about the future.” But that is precisely the job Congress gave to antitrust enforcers nearly 100 years ago when it passed the Clayton Act and established the Federal Trade Commission, in part, to enforce it. By its terms, the Clayton Act was designed to deal with antitrust violations before they occur, to address them in their incipiency.
From the beginning, merger enforcement has been about predicting the future. In remarks given today before the Advanced Antitrust Institute, I described the process by which we look at the facts of each case to predict with some level of confidence—but not absolute certainty—the likely competitive effects of a transaction. A forward-looking approach may reveal a competitive concern if one of the merging parties is not currently making sales but is already having an effect on the behavior of firms in the market. An acquisition may substantially lessen competition by eliminating a future competitor whose entry, once it occurs, would have a beneficial impact on competition. Such an acquisition could be particularly problematic if the future entrant is working on a product that customers would likely view as superior to existing products. Finally, moving along the continuum, the Commission has identified concerns where neither of the merging parties has a commercially available product yet both are two of only a few likely entrants into a future market.
We do not use a crystal ball to make these predictions. We use facts: documents from the merging parties, analyses from third parties, the views of customers and other market information. Assessing what future conditions will be is not easy. But with requisite humility and open-mindedness, antitrust enforcers will continue to employ rigorous fact-finding and analysis to do as much, just as the Clayton Act requires that we do.

NYT | ALERT FGC BOLSA - FGC FINANCIAL MARKETS February 06, 2014: A Certain Meanness of Argument, A Certain Superiority of Fact

The New York Times | MY ALERTS


Compiled: February 6, 2014 03:07:05 PM

A Certain Meanness of Argument, A Certain Superiority of Fact
Ron Fournier versus conservatives, Ron Fournier versus the facts.
I wrote yesterday about my frustration with the various liberal responses to the Congressional Budget Office’s take on Obamacare and workforce participation, but this piece, from the sensible-centrist Ron Fournier, is actually much more exasperating:
The biggest “disincentive for people to work” is not Obamacare. It’s the lack of jobs in a fast-changing, post-industrial economy that’s leaving millions of Americans behind.
Full Article: