Business Diary/October 14-19
LEAD: THE ECONOMY An Accounting Change That Raises Health Care Costs Unions may have an even tougher time holding the line on health care benefits, for corporations now have a greater incentive then ever to skimp on coverage. The board that makes the nations accounting rules voted last week to require employers to set up reserves to cover the cost of providing health care to future retirees - an expense that would reduce corporate earnings.
McDermott International Gains Traction
WSJ LIVE. We are raising McDermott International to Outperform from In-Line, and lift our price target to $6 from $4. We think McDermott (ticker: MDR. Furthermore, with capital expenditure expected to decline sharply following the commissioning.
Letters Show How Indonesian Donor Family Lobbied Clinton
Mochtar Riady, an Indonesian businessman with longstanding ties to President Clinton, recommends to the President that the United States normalize ties to Vietnam and pursue trade with China. Mark Grobmyer, an Arkansas businessman, lets Mr. Clinton know that President Suharto of Indonesia would like to address the Group of Seven industrial nations.. White House officials describe in detail more than dozen pieces of correspondence with Indonesias powerful Riady family, which helped raise millions of dollars for Democratic Party and became targets of Republican attacks; correspondence has been gathered by White House officials preparing to turn them over to Congressional committees looking into fund-raising practices of Democratic National Committee (M)
The Explanation Election
The candidates need to explain the economy, and the world, in terms people can understand.
Taiwan Lobbyist Wrote Republican Party Resolution Calling for More Weapons.
Once the text reached the RNC, committee members cut several phrases and paragraphs, one of which called for Taiwans inclusion in the Trans-Pacific Partnership, a proposed free trade agreement that has been described as a ���high priority��� by the Obama.
On Cuba, Iran, Ukraine: Obama, a centrist, yields to right wing
The Obama administration wants to implement the Trans-Pacific Partnership, the Latin American Free Trade Initiative and other trade agreements. U.S. isolation is. Among other things, the fact sheet said that sanctions would be lifted from Iran only.
Western Companies See Potential in Reaching Irans Consumers After Nuclear.
A country of 80 million has been all but cut off from global trade for years. Iranians fly. DUBAI���In a sanctions-free Iran, Western energy companies would likely be the biggest foreign first-movers: Iran has the worlds fourth-largest proven oil.
Narendra Modis Canada Visit Could Be Boon for Stephen Harper
OTTAWA���When Indian Prime Minister Narendra Modi visits Canada next week on the last leg of a trip that also includes stops in France and Germany, he will be looking to court investment and advance prospects of a free trade deal. But for Canadian Prime .
Chinas New Free Trade Law Opens Doors for Video Game.
According to the Wall Street Journal, the trade laws will be put into place officially over the course of the next three years. Once thats all said and done, the opportunity for console manufacturers to officially get into Chinas��.
The Dangerous Economist: Before You Criticize Free Trade.
Before You Criticize Free Trade, You Should Read Douglas Irwins Book Free Trade Under Fire. Here is the the Amazon link: Free Trade Under. Growing international trade has helped lift living standards around the world, and yet free trade is always under attack. Critics complain that trade forces painful. This was published for the most part as a letter to the editor to The Wall Street Journal on Wed., May 4, 2005, page A19. Links to all of the data sources from the��.
New York Today: Hello, High Holy Days
. Wednesday: A guide to Rosh Hashana for parents, fine fall weather, and a big ear appears uptown.
Op-Ed by Vice President Joe Biden in The Wall Street Journal
What I saw on the flower farm was just one sign of the economic blossoming in the year since a U.S. free-trade agreement with Colombia went into force. Over that period, American. As leaders across the region work to lift their citizens out of poverty and to diversify their economies from commodity-led growth, the U.S. believes that the greatest promise���for Americans and for our neighbors���lies in deeper economic integration and openness. The process is further��.
MISCELLANEOUS NEWS.; THE DOUGLAS MONUMENT IN CHICAGO. Laying of the Corner Stone--President Johnson to be Present. STORM IN IOWA. Buildings Literally Torn to Pieces--Fences and Trees Destroyed--Rocks Rolled from their Beds--Immense Devastation. Manificent Bequest to Yalo College. GREAT BANK ROBBERY IN MAINE. The Cashier made to Surrender the Keys of the Bank--Escape of the Robbers. A Submarine Diver in an Artesian Well at Louisville. The Revene System and Profits on Tea. The Medina Murder. Stamping of Domestic Bills of Lading--An Important Decision of the Commissioner. Michigan. A Bear in a Bedroom. Harvard College.
The Chicago papers publish the report of the Committee which went to Washington to secure the presence of President JOHNSON at the laying of the corner stone of the Douglas monument. the report says: Your committee on the second day after their arrival in Washington, sent a telegram to the Chairman, WM. F. COOLDAUGH, Esq., in substance as follows:. Report of Monument Committees Visit to Washington
Why Are Unions So Focused on Fighting Trade Deals?
To be sure, there is evidence ��� more than free-trade economists like to admit ��� that globalization is part of the reason American workers arent doing better. As former Treasury Secretary Lawrence Summers put it recently, ���The consensus view now is.
China To Lift Ban On Sale Of Video Game Consoles.
The news came in a set of rules issued by the State Council today with regard to the new free-trade zone in Shanghai. Foreign companies will be able to sell their products throughout China if the companies operate sales and production within the zone, The Wall Street Journal said. Each device, however, will have to be approved by the Culture Ministry. The relaxation of the ban comes a few days after reports that Microsoft was partnering with Chinese internet TV��.
Speculation Resumes as Howard Visits Nets
Nets officials try to make an impression with Dwight Howard in town.. NBA Roundup; Orlando Magic beat New Jersey Nets, 108-91; other NBA scores noted.
Government Lifts Trade Ban, Apple Stores Take Heed
In response, on Tuesday the company confirmed to The Wall Street Journal that customers who visit a U.S. Apple store are now free to purchase a Macintosh or iOS device, even if they admit to the salesperson that they intend��.
Text of Address by Truman at Detroit Labor Rally Criticizing Eisenhower Administration
Following is the text of former President Trumans nation-wide broadcast address yesterday in Detroit before a Labor Day rally of Michigan unions of the American Federation of Labor and the Congress of Industrial Organizations as recorded by THE NEW YORK TIMES:. H S Truman lauds B Moody plan to start Dem daily, Detroit; scores Repub-controlled press; text
Losing Latin America? A Protectionist Congress Is.
American workers will gain new job opportunities through the increased U.S. exports to Colombia (about $1 billon per year) that will result from the tariff-lifting provisions of the free trade agreement that open the door to U.S. exports. Have we forgotten that Colombias economy has been growing at one. /2008/02/12/AR2008021201744.html. [3] Jos�� de C��rdoba, Colombias Uribe Says Passage of Free-Trade Pact Is Critical, The Wall Street Journal, April 4, 2008, at
Exxon Mobil Advocates for Lifting of Oil Exportation Ban
Exxon Mobil (NYSE:XOM) is leading the way in calling for the United States to end restrictions on the exporting of oil, the Wall Street Journal reports. The ban on the exportation of oil from the United States dates back to the��.
CITY AND SUBURBAN NEWS; NEW-YORK. BROOKLYN. WESTCHESTER COUNTY. LONG ISLAND. NEW-JERSEY.
. Connection with Union Tabernacle Church
A Fund for Bitcoins
. The stock exchange SecondMarket is turning to the next new thing: bitcoin. | Regulators missed an opportunity in going after JPMorgan, a columnist writes. | Detroit’s municipal pension fund made payments for decades above and beyond normal benefits. | Larry Ellison’s Oracle Team USA achieved victory in the 34th America’s Cup.
Peace and Free Trade - Cafe Hayek
Its imperative to understand that this positive relationship between peace and free trade that Mr. Maller expressed so succinctly has long been emphasized by free-trades most prominent champions ��� as evidenced, for example, by many of the newly published letters of Frederic Bastiat (1801-1850) that show him to.. Trade has lifted millions out of poverty and has the potential to lift many more.. Wall Street Journal on new study that trade has no benefit to US ��� Nick.
Irans Nuclear Deal Could Open Oil Flood
On Monday, crude oil for April delivery slid 96 cents, or 2.1%, to $43.88 a barrel on the New York Mercantile Exchange, down five consecutive trading sessions and the lowest level since March 2009. Western powers put. ���In case the international.
Bangladeshs Chance to Get It Right
. Amid the efforts to improve garment-factory safety after the Rana Plaza collapse, some lessons from a shipbuilding company.
Trade Surplus a (Temporary) Respite for Rupiah - WSJ Blogs
Indonesia on Wednesday posted a $1.1 billion trade surplus for March, its first time breaking the billion-dollar mark in 15 months, and the fourth consecutive month of surplus. That will give the ailing rupiah currency a lift, but not as much as the government might hope.. Why Subscribe �� Register for Free �� Reprints �� Content Partnerships �� Make Time �� Conferences �� Price and Volume �� Keyword and Symbol �� News Archive �� Jobs at WSJ. Copyright ��2015 Dow Jones��.
China to Begin Deposit Insurance in May
A designation from the IMF could help Chinas effort to elevate the yuans role in international trade and finance, as Beijing increasingly seeks to challenge Washington on the world stage.. To help relieve banks funding pressure, the central bank.
The Rich Doing All the Heavy Lifting - WSJ.com - Wall.
There is no such thing as the consumer economy anymore. There is only spending by the rich, and spending by everyone else. In the current recovery, the trajectories of the two are moving in wildly different directions.
The Early Word: Birthday Getaway
President Obama earns an extra birthday candle Wednesday as he turns 49. Hell spend most of the day in Washington, then skip off to Chicago for dinner with friends and a rare overnight stay in his Hyde Park home.. The president turns 49 and travels to his home in Chicago.
NEWS SUMMARY
LEAD: INTERNATIONAL A3-17 Equal sizes of U.S. and Soviet forces in Europe proposed by President Gorbachev were rejected by President Bush, who insisted that the U.S. have 30,000 more troops than Moscow. Page A1
US Policies toward Liquefied Natural Gas and Oil Exports
have a free trade agreement (FTA). A question on the horizon is whether the United States should lift its long-standing restric- tions on. consumption, and trade. The extraction of large amounts of oil and gas from shale formations has led to an unprecedented surge of domestic production in the United States. The US. Department of Energy (DOE) is now processing more than 40 applications from... Lift the Ban on Oil Exports,��� Wall Street Journal, June 19, 2014, A15.
This Time Might Indeed Be Different For World Trade
Conclusions���, October 19, 2012. Hatoyama, Yukio, ���Free Trade Can Lift Japan and Europe���, The Wall Street Journal, October 19-21, 2012. Reuters, ���EU, U.S. to negotiate free-trade deal from spring 2013: officials���, October 17,��.
How WSJ Is Helping The Oil Industry Push Their Agenda On.
The Wall Street Journal published an op-ed pushing for a lift on a decades-old ban on crude oil exports without disclosing that the authors work was funded by the oil industry, which stands to benefit from its claims.. However, the Journal did not disclose that this study, titled U.S. Crude Oil Export Decision: Assessing the Impact of the Export Ban and Free Trade on the U.S. Economy, was funded almost entirely by oil and gas corporations, including industry giants��.
OFFICIAL BANK STATEMENTS.
OFFICIAL BANK STATEMENTS.
Morning MoneyBeat Europe: Bulls Tipped to Take Time Out
Please feel free to send this email to friends and colleagues and include this link so they can sign up to receive it for free too http://on.wsj.com/MoneyBeatEuropeSignup. Follow us. Meanwhile, Mondays weak Chinese trade numbers continue to cast a.
Iran Deal Roils Waters for Indian Commodity Exporters
NEW DELHI���The prospect of a phased-in lifting of Western sanctions against Iran raised by last weeks preliminary nuclear agreement with Tehran has created uncertainty over the fate of an oil-for-goods barter agreement involving rice, soymeal and.
Ad Intended to Stir Up Campuses More Than Succeeds in Its Mission
The editor of the student newspaper at Brown University says he knew a tempest was headed his way and rose to open the door for it. A few weeks ago, the editor, Brooks King, read about a campaign by David Horowitz, a conservative author in Los Angeles, to place an advertisement in college newspapers denouncing calls for reparations to black Americans for slavery. In the full-page ad, Mr. Horowitz argues that blacks do not deserve redress because white Christians ended slavery, and that rather than getting compensation, black Americans owe the country for the freedom and prosperity they enjoy.. Decision by student newspapers at Brown University and other colleges around nation on running advertisement by conservative author David Horowitz arguing black Americans do not deserve reparation for slavery entangles them in racially tinged protests; Horowitz holds he exposes prevailing liberal orthodoxy on university campuses that bars discussion of conservative views, phone interview; Bard College president Leon Botstein says colleges are easy prey for Horowitzs campaign of provocation because they tolerate dissent poorly; photo (M)
Bumps in the Office Supply Merger
. The careful choreography of the Office Depot-OfficeMax merger went awry when the deal was accidentally leaked prematurely. | Anheuser-Busch InBev is in talks to try to resolve antitrust issues with its planned deal with Grupo Modelo. | The New York Times Company plans to sell The Boston Globe and its other properties in New England. | The Carlyle Group announced fourth-quarter results.
Southeast Asia from Scott Circle: Achieving Trade Promotion
Southeast Asia from Scott Circle: Achieving Trade Promotion Authority Will Require a Heavy Lift from the President. In fact, many members of Congress would prefer never to cast a vote relating to the TPP to avoid criticism from voters who fear that free trade agreements export jobs overseas.. The Vietnamese government is planning initial public offerings (IPOs) for its largest state-owned companies, according to a January 15 article in the Wall Street Journal.
Morning MoneyBeat Europe: Stocks Set To Sit Back and Wait for Fed Minutes
Please feel free to send this email to friends and colleagues and include this link so they can sign up to receive it for free too http://on.wsj.com/MoneyBeatEuropeSignup. Follow us on Twitter @WSJMoneyBeat. Good Morning Europe. Could it be that.
Fleet Street Journalists Who Made History; While W.T. Stead Held the Public Eye, Nicoll Kept His Eye on the Public. THE LIFE OF W.T. STEAD. By Frederick Whyte. In Two Volumes. Illustrated. New York and Boston: Houghton Mifflin Company. WILLIAM ROBERTSON NICOLL. Life ad Letters. By T.H. Darlow. Illustrated. New York: George H. Doran Company.
IN a world awaking from sleep it is the pioneer who has his chance. Steel produces a Carnegie; electricity an Edison; oil a Rockefeller. And so has it been with print. Forty years ago the possibilities of the press in Britain were as unknown as the Klondyke.. Darlow, T H, William Robertson Nicoll
The World: Friendly Fire; In Latin America, Foes Arent the Only Danger
WHEN the fighter pilots fire ripped through a plane carrying an American missionary family over Peru last week, the bullet holes opened up ironic points of light into American foreign policy in Latin America. Know your enemy and know yourself; in 100 battles you will never be in peril, Sun Tzu wrote in The Art of War. In Latin America, though, it is its friends and allies that the United States does not seem to want to know too well. Today, particularly where the drug war rages, it finds itself, as it has so often in the past, in the awkward position of an arms-length embrace.. Death of American missionary and her baby in plane mistakenly downed by Peruvian fighter pilot raises questions about United States activities and allies in Latin America that go far beyond drug war; US, largely in name of fighting drugs, is working with nearly every army in Latin American; military officers, spies and their political cohorts are often its primary points of contact; such armies no longer run governments directly, but have mandate to preserve power of elites who still wield immense influence over civilian governments; map; photo (M)
Business Diary/January 3-8
THE ECONOMY A Little Leftover Untidiness From President Bush
TORY PLANS TO OBSTRUCT; LOWTHER PUT FORWARD TO BLUSTER AND HOWL LIBERALS DOWN. THE SPEAKER AT LAST WEARY OF THE NOISE -- THE PRINCIPLE OF PAY- ING MEMBERS CONCEDED -- PARISH COUNCILS BILL VERY POPULAR -- HEALYS CONTROL OF THE FREE- MANS JOURNAL -- CONSTANS A CAN- DIDATE FOR PRESIDENT OF THE SENATE -- RUMOR THAT HE WAS BE- HIND THE PANAMA EXPOSURES -- CHARACTER OF THE MURDERED ALEXEIEFF -- DEATH OF THE DUKE OF BEDFORD -- A DINNER GIVEN VIR- CHOW BY THE PRINCE OF WALES -- LILY LANGTRY AND SQUIRE ABING- DON -- W.W. ASTOR MAY BECOME A BRITISH SUBJECT -- SETTLEMENT OF THE COTTON STRIKE.
Copyrighted, 1893, by the New-York Times. LONDON, March 25. -- That sage who sent his son forth to behold with how little wisdom the world was governed must have had Westminster in prophetic view. There can be no other such object lesson of how not to govern anywhere on the civilized earth.. Pall Mall Magazine; and Pall Mall Budget Projected; English Citizenship
UN Security Council Approves Yemen Sanctions and Arms Embargo Resolution
The Wall Street Journal quoted a senior American defense official, who was more specific regarding Irans push to arm the Houthis, possibly with game-changing surface-to-air missiles. ���We are looking. We know they are trying to do it,��� the defense.
COMPLIMENTS FOR THE NEW YORK TIMES ON ITS FIFTIETH ANNIVERSARY.; THE NEW YORK TIMESS SEMI-CENTENNIAL Further Expressions of Hearty Good-Will Upon This Newspapers Anniversary.
NEW YORK DAILY TRIBUNE. -- We congratulate our neighbor, THE TIMES, on its handsome fiftieth anniversary number, which appeared on Wednesday -- delayed a week on account of the death of President McKinley -- but still more on the fact that under its present enlightened management it represents a high type of clean, honest, and able journalism.
15 China to lift ban on video game consoles - Attack of the.
China has had a ban on video game consoles for a very long time, but it has recently been announced that the country will lift that ban in the Shanghai free trade zone. The Wall Street Journal is reporting that foreign��.
Fuel Fix �� Expert: White House likely to lift oil export ban
Thats because the nation has a free trade agreement with Canada and Mexico, she added, and ���were not thinking about turning it off.��� The United States should get ���some of the benefit��� of exporting oil, Jaffe said. On Tuesday, top U.S. energy officials that included Energy Secretary Ernest Moniz said theyre considering easing federal laws that prohibit exports of most crude, the Wall Street Journal reported. On Friday, a senior counselor to President Barack Obama��.
Local coaches and sports physicians up their game to prevent concussions and.
31 2014 article in the Wall Street Journal, William W. Dexter, a Maine physician who is president of the American College of Sports Medicine, noted that the decline in youths participating in sports could have long-lasting effects.. A survey by the.
Pop Music From Jay To Z
Taylor Swift, who I believe has her own accountants, has gone on record in the Wall Street Journal (the hippest music publication around���) as saying that ���Music is art, and art is. Entire generations have grown-up hovering over keypads in a.
Capital Playbook: DNAinfo to start print edition; Brian Williams puppy
And heres a map of ���opt outs��� in the lower Hudson Valley, via the Journal News... COMING ATTRACTIONS -- ���City to Acknowledge it Operated a Slave Market for More Than 50 Years,��� by WNYCs Jim OGrady: ���Walk down the canyon of Wall Street and youll.
Turkish President Seeks Closer Economic Ties on State Visit to Iran
Recep Tayyip Erdogans meeting with Iranian President Hasan Rouhani, on the heels of Tehrans framework nuclear agreement with six world powers, marks Turkeys push to reap a trade windfall if a final deal is reached that would lift sanctions on Iran.