Economy | News-Opinion

TOP NEWS: Economy: August 17th, 2012

Excerpts and More Top Stories

ECONOMY: As Stimulus Decision Nears, Mulling New Paths to Aid Economy NYT
As markets increasingly come to expect the Federal Reserve to provide more monetary-policy stimulus in September, officials are mulling how they can get more power out of the limited options that are left to them.

ECONOMY Hawks’ Weigh In Against Action WSJ
The Federal Reserve’s “hawks” are speaking out against the central bank taking additional action to spur the U.S. economy.

MARKET: Stocks Approach Multiyear Highs WSJ

MARKETS: The Fear Gauge Goes Quiet—Too Quiet WSJ
Investors worry that summertime’s calm will give way to September storms.

MARKETS: Deep FX Markets Mostly Safe From Computer Glitches NYT
Flash crashes, rogue trading and similar anomalies are undermining investor confidence in markets. But currency market participants should be able to sleep better than most.

TREASURY: Treasury to Sell $99 Billion of Debt WSJ

UNEMPLOYMENT: Long-Term Jobless Regroup to Fight the Odds NYT
JENNIFER MEDINA - Gatherings of a group of California professionals in the depths of unemployment reveal a post-recession landscape where grim frustration battles with the simple desire to find a way out.

OIL IMPORTS/ENERGY DEPENDENCE: U.S. Reliance on Saudi Oil Heads Back Up NYT
CLIFFORD KRAUSS – Imports of oil from the kingdom have grown by more than 20 percent, leaving the United States vulnerable to tensions in the Persian Gulf.

OIL/DODD FRANK: The Dodd-Frank Threat to U.S. Energy WSJ
JACK GERARD, OPINION – Intrusive new disclosure rules by the SEC would give state-owned oil firms a big advantage in world markets.

PLATINUM MARKET: South Africa Mine Violence Rattles Platinum Market WSJ

DOLLAR: Dollar, Yen Lose Ground WSJ
The dollar rose against the yen but fell against other currencies as positive U.S. housing data pushed investors out of currencies perceived as safer.

EXPORTS: China Trade Benefits WSJ
OPINION -Swing elections states are among America’s top exporters.

BAILOUTS: Obama Has Learned Nothing About Bailouts Washington Examiner, EDITORIAL

REGULATIONS: Portman: he Regulatory Cliff Is Nearly as Steep as the Fiscal One WSJ
Rob Portman – OPINION – The president has postponed damaging rules until after the November election.

TAXES: Mitt Romney’s Impossible Critics BLOOMBERG
STEPHEN CARTER, OPINION - “Romney’s plan is not ‘mathematically impossible,’ but ‘politically impossible.’ .

DEWEY: Ex-Dewey Partners Agree to ‘Clawback’ WSJ

STANDARD CHARTERED: Standard Chartered Fought the Lawsky and the Lawsky Won BLOOMBERG
JONATHAN WEIL, OPINION – In reaching a $340 million settlement with Standard Chartered, New York state regulator Benjamin Lawsky may have hijacked a federal investigation. Still, “the public seems better off for it.

DROUGHT/ ETHANOL: End the Ethanol Mandate BLOOMBERG
EDITORIAL – With the U.S. expecting its smallest corn harvest in 17 years, President Obama should suspend the 2005 mandate that gasoline contain ethanol, almost all of which is derived from corn.

DROUGHT/ WATER USE: Don’t Waste The Drought NYT
CHARLES FISHMAN – The drought represents an opportunity to reimagine how we manage, use and even think about water.

LEHMAN COLLAPSE/BENT TRIAL : ‘Broken’ Fund Shifts the Blame - WSJ
Bruce R. Bent, whose money fund ‘broke the buck’ when Lehman Brothers went bankrupt in 2008, says jurors in his trial should hear about the government’s refusal to bail out Lehman.

FACEBOOK: Facebook Investors Cash Out WSJ
Facebook shares plumbed a new low as early investors were freed to sell some of their stakes. CEO Zuckerberg acknowledged to employees for the first time that the selloff could hurt them.

FACEBOOK Facebook Shares Hit New Low as a Lockup Period Ends NYT

APPLE: Apple’s TV Vision: Sharing, Full On-Demand, Icons WSJ
OPINION – Apple’s vision for a new television set-top device includes features designed to simplify accessing and viewing programming, and erases the distinction between live and on-demand content.

COMPUTERS: Chip Makers Face Limits in Storing More Data WSJ

RESTORATION HARDWARE: Restoration Hardware Co-Chief Steps Down After an Inquiry NYT

WALMART: Wal-Mart: ‘Paycheck’ Cycle Spreads WSJ

SEARS: Sears Posts Narrower Loss, but Sales Continue to Slide WSJ

HUMAN GENES: Court Rules Biotech Firm Can Patent Human Genes WSJ

HEART DEVICES: FDA Orders Review of Heart Devices WSJ

REGULATORY: Justice Dept. Approves, With Changes, Verizon Wireless Spectrum Purchase NYT

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