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May 10, 2014

YouTube | RT has uploaded Republicans seek to build new 'high level' detainee facility in Gitmo.

RT has uploaded Republicans seek to build new 'high level' detainee facility in Gitmo
Republicans seek to build new 'high level' detainee facility in Gitmo
Barack Obama has repeatedly vowed, and failed, to close Guantanamo Bay prison. And now some legislators actually want almost a hundred million dollars to construct new areas in the camp able to house over one hundred and fifty terror suspects, without trial or hearing. For more let's talk live to public defender Carlos Warner who represents twelve detainees at Guantanamo.

YouTube | RT has uploaded Keiser Report: The Speculation Game (E599).

RT has uploaded Keiser Report: The Speculation Game (E599)
Keiser Report: The Speculation Game (E599)
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the warning from legendary stock market speculator, Jesse Livermore, that speculation is "not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor." And, yet, speculation has become the economic model for a nation of stupid and mentally lazy speculator-taxpayers. They also discuss splat collateralized debt obligations and fracking Walden Pond to pay off our bad debts. In the second half, Max interviews Steve Keen, author of Debunking Economics, about housing bubbles, falling wages and why Mom & Pop investors are always wrong.

NYT | Today's Top Headlines - May 10, 2014: Top News: U.S. Officers Kill Armed Civilians in Yemen Capital.

The New York TimesMost Popular | Video |

Today's Headlines

Saturday, May 10, 2014

Top News
Yemenis gathered at the scene of a bomb blast that targeted a troop carrier near two Western embassies in Sana, the capital, on Friday. The barber-shop shooting happened two weeks ago.
U.S. Officers Kill Armed Civilians in Yemen Capital


A United States Special Operations commando and a C.I.A. officer killed two armed Yemeni civilians who tried to kidnap them in the capital two weeks ago, American officials said on Friday.
President Vladimir V. Putin of Russia attended a parade on Friday in Crimea, a territory which came under his control in March.
From Crimea, Putin Trumpets Mother Russia


The Russian president traveled to Sevastopol, where he used the anniversary of victory over the Nazis to assert that Moscow had the right to annex the peninsula.
. Fire Temporarily Knocks Out Broadcast Service in Kiev
PATCHING TOGETHER A LIVING Mary Carmen Acosta and her husband, Sebastian Plancarte, with their daughter, Camila, outside their apartment in Moreno Valley, Calif.
Hardship Makes a New Home in the Suburbs


The suburbs east of Los Angeles were once a magnet for restless newcomers with big aspirations, but jobs never really followed. Today, poverty is growing faster in suburban areas than in cities or rural areas.
For more top news, go to »
Editors' Picks


Video VIDEO: Boko Haram Kidnapping Tactics, Explained
Some background on the Islamist group that has been trying to topple Nigeria's government for years.
. Related Article


Football, Minus the Draft
Should the N.F.L. pool its resources and let players decide where to work, or will some teams inevitably gain an unfair competitive advantage?


"The two words you don't want to hear on the bar car. Last call."
STEVE SCHLEIER, clutching his beer can en route to Fairfield, Conn., on Thursday, the night before the final run of the bar car on Metro-North's New Haven line.
Today's Video
Video VIDEO: Poverty's Long Reach
California's Inland Empire, east of Los Angeles, has attracted people expecting to live out the American dream. But with jobs and services scarce, the region has a high poverty rate.
Video VIDEO: Thrift Store Shame, Then Pride
Clare Connaughton, a high school student from Mineola, N.Y., reads from her college application essay about how shopping at thrift stores with her mother has gone from necessity to cherished pastime.
. Related Article
Video VIDEO: Ask Well: The Polio Vaccine
The World Health Organization has declared polio a global health emergency. The Times's Donald G. McNeil Jr. answers readers' questions about the vaccine.
For more video, go to »
In High Seas, China Moves Unilaterally


At least twice in recent years, Beijing has sought to explore the South China Sea but backed down after protests by Vietnam. That good will evaporated this week.
The battered interior of the Um al-Zinar Church in the Old City of Homs was a stop on a military-led tour for the news media on Friday as rebels left.
A Pulverized Prize Changes Hands, Peacefully, in Syria


Syrian rebels appeared to have fulfilled their end of a deal with the government to leave their bastion in Homs, but a United Nations official said the refugee crisis was worsening.
Supporters of the Economic Freedom Fighters, wearing berets. A new party, it vaulted past many older parties to finish third.
African National Congress Draws 62 Percent of the Vote in South Africa


With ballots from all districts counted, the party led by President Jacob Zuma was only slightly down from its showing in 1994, the year it assumed power in the country's first democratic election.
For more world news, go to »
Nurseries like Schönheit Gardens in Sun Prairie, Wis., where Susie Froehle is an owner, have found that a cold winter has taken a toll.
Slow Exit of the Midwest's Winter Buries Gardens in a Deep Freeze


Nurseries are finding the weather has depleted their stocks of colorful flowers and plants, and homeowners have discovered that their carefully tended backyards now look more like plant graveyards.
Protesters outside the Beverly Hills Hotel, owned by the sultan of Brunei, a nation which will permit the stoning of gays and adulterers by law.
Brunei Ownership Casts a Shadow on a Beverly Hills Hotel


Since word spread of the turn in Brunei toward a harsh form of Islamic law by Sultan Hassanal Bolkiah, whose Brunei Investment Agency owns the Beverly Hills Hotel, Hollywood has turned its back on the hotel.
Representative John Mica held a mock marijuana joint during a congressional hearing on Friday.
Review of Marijuana Law Exposes List of Conflicts Between Jurisdictions


A House subcommittee examined the potential complications of relaxing marijuana laws in Washington, a city controlled by Congress and policed both by federal and local law enforcement agencies.
For more U.S. news, go to »
Senator Rand Paul of Kentucky, in Memphis for a Republican National Committee meeting, met with a group of black pastors.
Paul Diverges From His Party Over Voter ID


Senator Rand Paul broke with fellow Republicans by saying that the focus on stricter voting laws to crack down on fraud alienates African-Americans and hurts the party.
Speaker John A. Boehner has named seven Republicans to serve on a 12-person committee looking into the Benghazi attack.
7 Republicans Named to Panel Investigating Attack in Benghazi


The move came as Democratic lawmakers debated how to handle the committee, calling it a "kangaroo court" and a "political stunt."
Republicans Tighten Grip on Debates in 2016 Race


The Republican National Committee moved to reduce the number of presidential primary debates in 2016 and assert control over how they are run.
For more political news, go to »
Larry Wilmore accepts the best talk show award on behalf of
A Successor to 'Colbert' Is Named


The Emmy-winning "Colbert Report" will be succeeded by "The Minority Report," starring Larry Wilmore, a performer who has been a regular on "The Daily Show."
Beats headphones and an iPod in an Apple store in New York City. Apple is said to be in talks to  buy Beats for $3.2 billion.
Apple's Pursuit of Beats May Foretell a Shift


Apple, which has been hesitant to enter the streaming market, could finally be taking the plunge.
Books at an Amazon distribution center in Bad Hersfeld, Germany.
Writers Feel an Amazon-Hachette Spat


Amazon's secret campaign to discourage customers from buying books by Hachette, one of the big New York publishers, burst into the open on Friday.
For more business news, go to »
Bryan Sanders at the warehouse of Singer22, a clothing store and online retailer in East Hills, N.Y.


FedEx's Price Rise Is a Blessing in Disguise for Amazon


A new policy of charging by the size of packages, not merely weight, is likely to hurt Amazon a bit, but its small rivals more.


In Silicon Valley, Morgan Stanley Reigns


Since Facebook's bumpy initial offering, Morgan Stanley has been involved in 47 technology public offerings with a total value of $23.4 billion.
In a patent filed by Facebook, the company has explored building a smartphone that has a touch interface on the side or rear of the device.


A Patent Surfaces Detailing a Facebook Smartphone


While reports of a Facebook phone have been circulating for years, a Facebook patent filing has surfaced that shows the exploration of a unique smartphone with touch pads on the rear and side of the device.
For more technology news, go to »
Paul Pierce, left, and Shaun Livingston helped the Nets correct most of their errors from Game 1, but were not able to put the Heat off their stride in Game 2.


Nets Need More Than Good Game Plan to Beat the Heat


Without big games from Deron Williams and Joe Johnson, the Nets made Game 2 interesting because of Mirza Teletovic's shooting and the defense on LeBron James and Dwyane Wade.
. Heat 94, Nets 82: Coming Off Rout, Nets Adjust but Are Left Adrift
. On Pro Basketball: Rather Than Buzz, the Nets Garner a Ho-Hum
Suárez celebrates a goal against Manchester United in March. He has scored 31 goals in the Premier League this season, with one game left to play.


Luis Suárez Reaps the Benefits of Good Behavior


The star striker has made an effort to make better choices on the field and off it, leading Liverpool to a spot in next season's Champions League.
The N.B.A. is involved in a dispute over ownership of the Los Angeles Clippers involving Rochelle Sterling, center, and her husband, Donald.
Rare View Into Inner Workings of N.B.A.


The league posted its constitution, which had long been confidential, on its website while it seeks to require Donald Sterling to sell the Los Angeles Clippers.
For more sports news, go to »
This contemporary art fair on Randalls Island includes Rirkrit Tiravanija's
Strolling an Island of Creativity


Two critics for The New York Times sample the world of contemporary work at the Frieze Art Fair.
The Bridal Suite, one of two rooms in
A Hotel With Spirit From 1971


A reporter spends a night at "Al's Grand Hotel," an art installation at this weekend's Frieze art fair. It is a revival of Allen Rupper

DealBook P.M. Edition - May 9, 2014: Weekend Reading: 5 Questions for Alibaba's I.P.O.

For the latest updates, go to »
FRIDAY, MAY 9, 2014
Weekend Reading: 5 Questions for Alibaba's I.P.O. DealBook is attempting to fill in the gaps of Alibaba's eagerly anticipated filing for a stock listing in the United States.

Q. How much is the Chinese e-commerce giant ultimately expected to raise in an initial public offering?

A. The financial media turned to analysts who made the following predictions:

– DealBook: "$15 billion to $20 billion"
– Bloomberg News: "Around $20 billion"
– Reuters: "Upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed."
– The Wall Street Journal: "Could raise more than $20 billion."

Q. What is Alibaba's estimated worth?

A. The Journal had both the highest and lowest estimates.

– DealBook: "Roughly $200 billion"
– Bloomberg News: "$168 billion"
– Reuters: "More than $160 billion"
– The Wall Street Journal: "$136 billion to $250 billion"

Q. Will Alibaba debut on the New York Stock Exchange or the Nasdaq market?

A. We don't have a prediction, but the N.Y.S.E.'s unique price-discovery process is always entertaining.

Q. What will Alibaba choose for a stock symbol?

A. $BABA? Unfortunately for the company's founder, $JACK is already taken.

Q. What will Jack Ma wear for Alibaba's debut?

A. This, please.
For the latest updates, go to »
A look back on our reporting of the past week's highs and lows in finance.
Common Sense: Morgan Stanley Is Still Silicon Valley's Bank of Choice Since Facebook's bumpy initial offering, Morgan Stanley has been involved in 47 technology public offerings with a total value of $23.4 billion, writes James B. Stewart.
Apple's $404 million deal for NeXT Computer in 1996 brought Steven P. Jobs back into the fold.
In Beats Deal, a New Direction for Apple An acquisition could signal a new strategy for a company that in the past has preferred to build technology from within.
Dr. Dre, left, and Tyrese Gibson celebrated Apple's discussions to buy Beats Electronics, the company behind the popular Beats by Dr. Dre headphones, for $3.2 billion.
An Apple Deal for Beats? The Reaction on TwitterApple's potential $3.2 billion acquisition of Beats Electronics, the company behind the Dr. Dre headphones, has ignited a flurry of activity on social media.
Beats is known for its expensive headphones.
Beats Deal May Turn Heads in Private Equity The Carlyle Group paid $500 million for its stake in Beats Electronics in September; it could triple its investment if a deal to sell to Apple is completed.
Rush-hour traffic isn't the only thing gridlocked in Washington.
Standard Deduction: With Gridlock Comes Piecemeal Tax Legislation Renewing the tax package temporarily creates more opportunities for industry groups to lobby Congress, and for legislators to shake down the beneficiaries of the tax breaks for contributions, Victor Fleischer writes.
Dr. Dre wears a pair of Beats headphones.
Reuters Breakingviews: Apple's Mid-Life Crisis Tim Cook should keep in mind Time Warner's unhappy marriage with youthful AOL, or Rupert Murdoch's brief love affair with MySpace, says Peter Thal Larsen.
Ken Moelis, center, the chief executive of Moelis & Company, on the day the company began trading on the New York Stock Exchange.
Collapse of Ad Giants Merger Deals Blow to MoelisWhen the $35 billion merger of Publicis and Omnicom was announced, it served as a showcase for the rise of boutique investment banks like Moelis & Company. Now, the deal will cost Moelis in more ways than one.
John Wren, left, chief of Omnicom, and Maurice Levy, chief of Publicis, at the New York Stock Exchange last year.
Reuters Breakingviews: The Human Factor in Merger Collapse Advertising is a people business, and it's not clear that the scale a combined Publicis and Omnicom would have brought to bear would have generated more creative ideas, writes John Foley.
In April, Attorney General Eric H. Holder Jr. confirmed that the Justice Department was investigating high-speed trading.
Goldman Under Investigation for High-Speed TradingThe bank disclosed the investigation in a regulatory filing on Friday but did not identify by which agency. The filing also confirmed that the bank was under investigation for its hiring practices abroad.
Bottles of whiskey made by Whyte & Mackay.
United Spirits to Sell Whyte & Mackay Whiskey India's largest distiller will sell its Whyte & MacKay whiskey business to Emperador of the Philippines in a deal that values the business at 430 million pounds, or about $726.5 million.
Ally, the former financing arm of General Motors, received a $17.2 billion government rescue in the financial crisis.
U.S. Sells More Shares in Ally Financial The Treasury Department said on Friday that it would raise an additional $181 million from a sale of shares to the underwriters of Ally's initial public offering, reducing its stake to about 16 percent.
A branch of the Co-operative Bank in Brighton, England.
Co-operative Bank's Chairman to Step Down as It Seeks to Raise £400 Million Richard Pym plans to leave at the end of year after joining the bank in July as part of a management shake-up. The news comes as the bank prepares to bolster its capital.
IZettle, a Stockholm-based company,  allows merchants to process credit-card transactions.
Swedish Payments Processor Raises $55 Million iZettle, a European competitor to Square, announced a new fundraising round worth 40 million euros, from backers like Intel Capital and Zouk Capital.
Timothy Geithner
What Timothy Geithner Really Thinks For the first time since he stepped down as Treasury secretary, he reveals what it was like trying to save the American economy.
Maurice Lévy, left, of Publicis, and John Wren, of Omnicom Group, at a ceremony after the merger was announced last July.
At Odds, Omnicom and Publicis End Merger Clashing personalities, disagreements over how the companies would be integrated and complications over legal and tax issues have derailed the deal between Omnicom and Publicis.
Jimmy Iovine, left, and Dr. Dre founded Beats Electronics.
Apple Said to Be in Talks to Buy Rising Music Brand for $3.2 Billion A deal for Beats Electronics could signal an effort by Apple to transform its approach to music more than a decade after it opened the iTunes download store.
Barclays, the British bank led by Antony P. Jenkins, plans to leave a number of businesses and cut jobs.
After Years of Growth, Barclays Seeks to Be Leaner The overhaul of the giant British bank signals a shift toward retail and commercial banking and away from Wall Street.
Robert Diamond in London in 2012. He has worked for Morgan Stanley, Credit Suisse First Boston and Barclays.
After Barclays, a Former Chief Strives to Revive His Reputation in Africa Barclays is eliminating some of the ideas Robert Diamond had for the bank, while he has moved on to deals in Africa.
Going online at a Beijing cafe. China's huge web use has attracted outside capital.
Red-Hot Web in China Richly Rewards Foreign Investors The lucrative returns have raised concerns that China could tighten restrictions to ensure control over one of the most dynamic parts of its economy.
Senator Carl Levin says American companies must be kept from relocating overseas.
Pfizer's Plan to Go to London Spurs Other Companies to Consider Moving Abroad Walgreen is already under pressure from hedge fund investors that want it to move across the Atlantic.
Daniel K. Tarullo, a Federal Reserve governor, argued against banks' using their internal models to set capital requirements.
Regulator Suggests End to Banks' Self-Grading Daniel K. Tarullo, a Federal Reserve governor, said regulators should consider stopping the practice of banks' using their own internal models to set capital requirements.
Goldman Sachs's headquarters in Manhattan. New regulations are forcing Wall Street banks to seek safer revenue streams.
Growing Pains for a Goldman Sachs Fund The bank, which surprised some on Wall Street when it created a new version of its Petershill investment fund, has had a hard time attracting investors.
The board of Reverse Mortgage Funding includes Brian D. Montgomery, former assistant secretary for the Department of Housing and Urban Development.
Some Investors Bet on Return to Reverse Mortgages A reverse mortgage start-up based in New Jersey has raised about $230 million in a private offering, which sets the stage for a potential initial public offering.
Protesters outside Bank of America's annual shareholders meeting in Charlotte, N.C. It is the largest American retail bank.
Bank of America Shareholders Press Officials After $4 Billion Error Bank officials said they were conducting a "third-party review" of how the problem happened, but declined to name the firm conducting the review.
Attorney General Eric H. Holder Jr., right, with Preet Bharara, the Manhattan federal prosecutor.
The Trade: Seeking Tough Justice, but Settling for Empty Promises The Justice Department has grappled with how to bring accountability to top executives, but often runs into roadblocks that it fails to surmount, writes Jesse Eisinger of ProPublica.
Chinese Giant Alibaba Will Go Public, Listing in U.S.The e-commerce behemoth Alibaba Group filed paperwork in the U.S. to sell stock to the public, a coming-of-age for China's booming Internet industry.
Many investors may see Alibaba as their best chance yet to buy into China's enormous growth.
Big Profits at Alibaba, but Filing Has Gaps To put their own price on Alibaba, investors will most likely try to compare it against other technology companies. That may be difficult.
Jerry Yang, left, of Yahoo with Alibaba's Jack Ma.
They Bought Into a Scrappy Chinese Start-Up, and Now Stand to Reap a Windfall A handful of winners are poised to reap big paydays for taking a chance on Alibaba.
Leon Black, left, founded Apollo Global Management in 1990 with Joshua Harris, right, and Marc Rowan, center. Some of the company's executives have departed this year.
2 Apollo Global Partners Are Said to Be Leaving The departures of partners from Apollo Global Management underscore the growing pains that Apollo is facing as it adjusts to life as a publicly traded company.
Marijn E. Dekkers told Andrew Ross Sorkin that the German drug maker agreed to acquire Merck's consumer care business for $14.2 billion.
Bayer Buys Merck's Consumer Business for $14.2 Billion The deal will make the German drug maker one of the largest providers of over-the-counter products and give it such well-known brands as Claritin, Coppertone and Dr. Scholl's.
Arnaud Montebourg, the French economy minister, during an interview at his office on Tuesday.
French Set Conditions for G.E. Takeover of AlstomFrench leaders said they would approve G.E.'s bid only if the deal could be completed in a way that protected French workers and the French industrial base.
AstraZeneca is a British drug maker.
AstraZeneca Makes Its Case Against Pfizer's Takeover Bid In presenting long-term financial estimates, AstraZeneca said it expected to achieve annual revenue of $45 billion by 2023, suggesting Pfizer's bid undervalued the company.
Preparing for Sotheby's spring sale, beginning on Wednesday.
Sotheby's Yields to Hedge Fund Mogul and AlliesSotheby's said on Monday that it had ended its fight with Daniel S. Loeb, agreeing to add his three director nominees to its board.
Deal Professor: A Truce at Sotheby's After a Costly and Avoidable Battle Sotheby's spent millions fighting Daniel Loeb, but in battles with activist shareholders, the rule is to compromise, writes Steven M. Davidoff.
David A. Tepper maintained his spot atop a list of highest-earning hedge fund managers in the United States, bringing in $3.5 billion last year.
Hedge Fund Moguls' Pay Has the 1% Looking Up The 25 highest-earning hedge fund managers in the United States took home a total of $21.15 billion in compensation in 2013, according to an annual ranking.
Charlie Munger, left, vice chairman of Berkshire Hathaway and Warren Buffett's best friend.
DealBook Column: Berkshire's Radical Strategy: TrustThe top executives of Berkshire Hathaway believe in trusting their employees, writes Andrew Ross Sorkin.
The price of gold is set twice a day in London and used by all buyers and sellers of the metal.
Banks Sued on Claims of Fixing Price of Gold A judge met with lawyers who have filed lawsuits contending that gold prices are manipulated.
Arnaud Montebourg, the France's economy minister, met with Alstom and General Electric executives last month in Paris.
France Says It Opposes G.E.'s Bid for Alstom Unit The French government said Monday it would oppose General Electric's friendly $13.5 billion offer, though its legal means for stopping a deal appear to be limited.
David Einhorn's Greenlight Capital amassed a stake of 47 million shares in Micron Technology and wanted to prevent a surge in Micron shares.
Greenlight Asked S.E.C. for Delay on Disclosure of Micron Stake Greenlight Capital, a hedge fund headed by David Einhorn, asked the Securities and Exchange Commission in November for an extra seven days before reporting a huge stock buy.
For the latest updates, go to »