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CYAN MAGENTA YELLOW BLACK C M Y K Composite Composite P2JW281060-4-A00100-1001FF7FFFF **** AZ,EE,MW,NY,SC,SW,WE BG,BM,CH,CK,CT,DA,DE,DM,DN,DR,FW,HL,HW,LA,LG,LK,NA,NM,OR,PA,RI,RO,SB,SH,TD,TU,UT,WO 6803066 10/08/2009 P2JW281060-4-A00100-1001FF7FFFF P2JW281060-4-A00100-1001FF7FFFF ‘The Trials They Will Hurl at Me Are Real Farces’ A year after the U.S. econ- omy was brought to its knees by the bursting of the housing bub- ble, credit for consumers is still being aggressively ratcheted back. Total consumer credit out- standing, which includes every- thing from credit-card debt to loans for recreational vehicles, fell $12 billion in August, or at a 5.8% seasonally adjusted annual rate, the Federal Reserve re- ported Wednesday.It was thesev- enth straight month of declines, the longest stretch since 1991. The drop is a stark demonstra- tion of how banks and other lend- ers are scaling back, owing to their own exposure to the strug- gling real-estate market. But it also reflects a reluctance by Americans to hold big loads of debt at a time when the job mar- ket remains in bad shape and the value of their homes has fallen. Revolving credit, consisting mostly of credit-card charges, fell at a 13% annual rate, the Fed said. Nonrevolving credit, which includes auto loans, slid by $2.1 billion, or at a 1.6% an- nual rate. That was smaller than the previous months’ declines, but it came in a month when the Please turn to page A6 Offshoring Your Pregnancy GOP Faces Multiple Hurdles As It Aims for a 1994 Replay ’06 ’04 ’02 ’00 ’08 Average annual spending Toys, hobbies, etc. Clothing for children under 2 Source: Bureau of Labor Statistics 0 200 400 $600 7 7 New Math Boosts Health Plan Budget Office Says Senate Bill Will Trim Deficit; Democrats Still Split on Key Details By Jason Gay NANTUCKET, Mass.—For the first time in nearly half a cen- tury, Nantucket and Martha’s Vineyard won’t play each other in football this fall. One of the fiercest and most idiosyncratic high-school rivalries in America is suspended because of hard times, missed signals and the en- croachment of other sports, with no firm plan to resume. “It doesn’t feel right,” said 16-year-old DuVaughn Beck- ford, Nantucket’s starting run- ning back. “Regardless of whether we won or lost, it was the game we looked forward to.” The two Massachusetts is- lands have played each other in football at least once a season since 1960. Opposing fans trav- eled to the host island on a char- tered ferry, disgorging passen- gers at the terminal like spirited invaders. Cheerleaders deco- rated the route from the ferry dock to the gridiron in either Vineyard purple or Nantucket Whalers navy and white. When the Vineyard won, firetrucks would loudly greet the ferry on its return, their lights swirling and horns blazing. The contest has been chronicled in the pages of the New Yorker and Sports Il- lustrated. “We don’t have a lot of tradi- tions left,” said Michael McCar- thy, a guidance counselor at the Vineyard's high school and former assistant football coach who has played Nantucket and also watched his sons play the Whalers. “This game wasn’t for the tourists. It was for island Please turn to page A14 By Janet Adamy And Jonathan Weisman The latest Senate health bill will cost $829 billion over a de- cade and slightly reduce the fed- eral budget deficit, congres- sional budget crunchers said Wednesday, marking a major step forward for Democrats’ plans to overhaul American health care. The nonpartisan Congres- sional Budget Office found the sweeping measure will cover 94% of nonelderly legal U.S. resi- dents, up from about 83% cur- rently. The bill will cut the defi- cit by $81 billion over the 10-year period, owing to trims in Medi- care spending and new taxes. The widely awaited report paves the way for the Senate Fi- nance Committee to approve its bill in the next few days. After appearing in peril in Au- gust, the health-care overhaul has cleared a series of hurdles in recent weeks that have given Democrats increased confidence they will pass a bill. Lobbyists on both sides of the issue have shifted their focus to what the bill will look like rather than questioning whether a measure can succeed. But plenty of potential pit- falls remain. Democrats are still divided over core elements, in- cluding whether to create a pub- lic health insurance plan and how to pay for the overhaul. The hospital industry, a key ally, says Please turn to page A4 Follow the news all day at WSJ.com DJIA 9725.58 t 5.67 –0.1% NASDAQ 2110.33 s 0.3% NIKKEI 9799.60 s 1.1% DJ STOXX 50 2424.84 t 0.5% 10-YR TREAS s 20/32, yield 3.175% OIL $69.57 t $1.31 GOLD $1,043.30 s $4.70 EURO $1.4680 YEN 88.64 DEFIANT ONE: Prime Minister Silvio Berlusconi, walking to a meeting in Rome, denounced a court ruling that will likely require him to stand trial on corruption charges. ‘Long live Italy!’ he said. ‘Long live Berlusconi!’ A10 n Americans are still spending on their kids. Even during the worst re- cession in decades, U.S. fam- ilies spent the same amount of money on cloth- ing for young children last year, despite cutting way back on overall apparel spending. In 2008, families also shelled out $144 more per household on extras such as toys and play- ground equipment, as com- pared with 2007. 7 7 What’s News– By Gerald F. Seib A big question hangs over American politics: Could next year be 1994 all over again? That was the year a bitter de- bate over health care led to a disas- trous congressional election for Democrats, in which they lost 54 House and 10 Senate seats and ceded control of both chambers to the Republicans. Things have started to look similar under Democratic Presi- dent Barack Obama. His poll rat- ings slipped through the summer months, his party was damaged by a bruising health-care debate, and the latest Wall Street Jour- nal/NBC News poll shows the job- approval rating for the Demo- cratic-controlled Congress has slumped to 22%—almost pre- cisely where it was at this time in the 1994 election cycle. Combine that with the fact that a new president’s party al- most always loses seats in the first election after he takes office, and leaders of both parties now agree Democratic losses appear inevitable in the 2010 congres- sional election. Even some high- profile Democrats, such as Senate Majority Leader Harry Reid and Banking Committee Chairman Christopher Dodd, face tough fights. The election is still a year away and pressing issues such as the health overhaul, the lagging economy and the future of the Af- ghan war could tip the balance. Yet, there are some little-under- stood forces that suggest a full re- peat of 1994 is unlikely. For the moment, all but nine House Democrats have said they are defending their seats, far more than in the 1994 cycle, when 29 incumbent House members in the party vacated their seats— and Democrats lost 22 of those spots. Incumbents stand a far bet- ter chance of hanging on in a polit- ical storm than do newcomers. In addition, Mr. Obama, for all his re- cent troubles, hasn’t slumped in popularity as far as President Bill Clinton did then, at least so far. And while Democrats’ fund-rais- ing lead has slipped in recent weeks, they have built up an ad- vantage in campaign cash. Perhaps as important, Demo- cratic leaders have warned law- makers earlier this time to start preparing for a tough fight; in 1994, by contrast, even some prominent Democrats didn’t real- ize until late in the game that they were in trouble. No one has less room for com- placency than the 49 House Demo- crats who won their seats in 2008 in districts carried by Republican presidential nominee Sen. John Please turn to page A14 s Copyright 2009 Dow Jones & Company. All Rights Reserved n Measuring the economic impact of health care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2 n Getting a look at your credit score, for free . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D1 T he Justice Department is investigating allega- tions that IBM has monopo- lized the mainframe computer market, broadening an ag- gressive government search for anticompetitive behavior in the technology industry. B1 n The EU signaled that it would accept a settlement pro- posal by Microsoft and wrap up its antitrust case against the company by year end. B9 n Alcoa reported a third- quarter profit, buoyed by cost-cutting efforts and glim- mers of increasing demand for aluminum. The results re- versed a string of losses. B1 n Stocks ended little changed as investors paused after two days of gains. The Dow Jones industrials slipped 5.67 points, or 0.1%, to 9725.58. C1 n An outside review of Citi- group’s management team gave strong overall marks but said some shuffling of senior executives might be needed. C1 n Latvia’s woes prompted currencies to fall against the euro, as revised GDP mea- sures indicated economic fra- gility throughout Europe. A9 n ConocoPhillips will slash spending and sell about $10 billion worth of assets as it scales back operations in the face of weak demand. B4 n GM is falling short on sev- eral goals it plans to meet by year end, including worker reductions and the sale of fail- ing brands, its CEO said. B2 n BlackRock is a contender for the prestigious job of help- ing state regulators size up risk in insurers’ investments. C1 n Two federal regulators criticized parts of Rep. Bar- ney Frank’s proposal to over- haul financial regulation. C3 n The Commerce Department began an investigation into whether to impose antidump- ing duties on imports of some steel pipes from China. A6 n Canada launched a dispute- settlement process at the WTO over the U.S.’s country- of-origin labeling law. A9 n Gianni Versace has closed its boutiques in Japan, a sign of how one big luxury market is starting to lose its luster with some luxury brands. B1 n U.S. retail-vacancy rates hit a multiyear high in the third quarter, adding to pressure on shopping-mall owners. A2 n The head of the FCC said the agency is looking for ways to make more airwaves available for next-generation wireless networks. A6 n Dell is planning to intro- duce a smart phone using Google software on the AT&T cellular network. B9 n Amazon trimmed $40 off the price of its Kindle e-reader and introduced a version of the device with international wireless service. B9 CONTENTS Currents . . . . . . . . . . . . . . . . . . . . . . . A13 Health & Family . . . . . . . D4 Heard on the Street . .C10 Leisure & Arts . . . . . . . . . . . D7 Media & Marketing . . .B5 Personal Finance . . . . . . D2 Opinion . . . . . . . . . . . . . . . . . . A15-17 Sports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D8 Stocks in the News . . C6 Style . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D6 Technology . . . . . . . . . . . . . . . . . . . . B9 Weather Watch . . . . . B10 World News . . . . . . . . . A8-12 There Once Was a Football Game With Nantucket... i i i Island and Rival Martha’s Vineyard Won’t Play This Year, Putting Tradition’s Future in Doubt Note: Seasonally adjusted Source: Federal Reserve Cutting Debt Total consumer credit outstanding, change from a year earlier –150 2007 ’08 ’09 –100 –50 0 50 100 $150 billion i i i Business&Finance By Tom Lauricella, Jason Zweig and Conor Dougherty In the U.S., the cost of conceiving a child with a surrogate can be daunting. Increasingly, hopeful parents are heading to India. D1 Take Two Estimates of the Senate Finance Committee health-care bill 10-year cost $774 billion $829 billion PREVIOUS REVISED 94% 94% Percent insured* $49B lower $81B lower Effect on deficit *By 2019 Source: Congressional Budget Office Agence France-Presse/Getty Images n Democrat leaders pressed for stimulus extensions. Amid concern that the econ- omy isn’t creating jobs, Pelosi and Reid went to the White House to lobby for an exten- sion of a tax credit for first- time homebuyers and for tax credits for employers who hire new workers. A push toward a new jobs bill could open Demo- crats to GOP charges the stimu- lus package isn’t working. A4 The CBO estimated the fiscal 2009 federal deficit at $1.4 tril- lion, the largest as a percent- age of GDP since World War II. n Gates forwarded a request for more troops in Afghani- stan to Obama amid increas- ing skepticism over the war on its eighth anniversary. A8 n The U.S. is asking Iran to im- mediately free two jailed for- eign nationals, even as Washing- ton pursues nuclear talks. A12 n Iran accused the U.S. of a role in the disappearance of one of its nuclear scientists during a Saudi pilgrimage. n A Nobel Prize in chemistry was awarded to two Ameri- cans and an Israeli for ribo- some research being used to develop new antibiotics. A5 n The Senate health bill will cost $829 billion over a decade and slightly reduce the bud- get deficit, the CBO found. A1 n An Italian court struck down an immunity law protect- ing Berlusconi, likely restart- ing two corruption trials. A10 n The Supreme Court seemed inclined to permit a cross to re- main standing in California’s Mojave National Preserve. A5 n Democrats defeated a GOP effort to remove Rangel from the House tax-writing panel over alleged ethical issues. A5 n Aid workers delivered food and water for the first time to Indonesian villages cut off by quake-triggered landslides. n The USOC’s chief said she will step down in the wake of Chicago’s defeat in the contest to host the 2016 Olympics. A3 n Diplomats from nations across the Americas told Hon- duras’s government to rein- state ousted President Zelaya. n A Justice Department poll found that most children in the U.S. are exposed to vio- lence in their daily lives. n Three earthquakes rocked the South Pacific, generating a small tsunami. There were no reports of damage. A12 n The EPA is launching a probe into whether the herbicide atrazine causes cancer and birth defects. A5 n Guinea’s opposition de- manded the country’s military leader step down before it will hold talks with the junta. A12 n Died: Irving Penn, 92, fash- ion, celebrity and still-life photographer, in New York. WSJ.com/Lifestyle Clare Arni Drought Of Credit Hampers Recovery Vital Signs i i i World-Wide > Copyright © 2009, Oracle. All rights reserved. If your database application does not run twice as fast on SUN hardware. IBM, you’re welcome to enter. Win $10 Million Sun Runs Oracle Twice as Fast as IBM’s Fastest Computer See website for details and official rules: oracle.com/exadatachallenge. Award for first eligible, successful applicant only. Terms, conditions and restrictions apply. Offer expires January 1, 2010. * * * * THURSDAY, OCTOBER 8, 2009 ~ VOL. CCLIV NO. 84 HHHH $2.00
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Transcript of Oracle Ad Wall Street Journal
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P2JW281060-4-A00100-1001FF7FFFF****
AZ,EE,MW,NY,SC,SW,WEBG,BM,CH,CK,CT,DA,DE,DM,DN,DR,FW,HL,HW,LA,LG,LK,NA,NM,OR,PA,RI,RO,SB,SH,TD,TU,UT,WO
6803066
10/08/2009
P2JW281060-4-A00100-1001FF7FFFFP2JW281060-4-A00100-1001FF7FFFF
‘The Trials They Will Hurl at Me Are Real Farces’
A year after the U.S. econ-omy was brought to its knees bythe bursting of the housing bub-ble, credit for consumers is stillbeing aggressively ratchetedback.
Total consumer credit out-standing, which includes every-thing from credit-card debt toloans for recreational vehicles,fell $12 billion in August, or at a5.8% seasonally adjusted annualrate, the Federal Reserve re-portedWednesday.It wasthesev-enth straight month of declines,the longest stretch since 1991.
Thedrop isa starkdemonstra-tion of how banks and other lend-ers are scaling back, owing totheir own exposure to the strug-gling real-estate market. But italso reflects a reluctance byAmericans to hold big loads ofdebt at a time when the job mar-ket remains in bad shape and thevalue of their homes has fallen.
Revolving credit, consistingmostly of credit-card charges,fell at a 13% annual rate, the Fedsaid. Nonrevolving credit,which includes auto loans, slidby $2.1 billion, or at a 1.6% an-nual rate. That was smaller thanthe previous months’ declines,but it came in a month when the
Please turn to page A6
Offshoring Your Pregnancy
GOP Faces Multiple HurdlesAs It Aims for a 1994 Replay
’06’04’02’00 ’08
Average annual spending Toys, hobbies, etc. Clothing for children under 2
Source: Bureau of Labor Statistics
0
200
400
$600
7 7
New Math Boosts Health PlanBudget Office Says Senate Bill Will Trim Deficit; Democrats Still Split on Key Details
By Jason Gay
NANTUCKET, Mass.—Forthe first time in nearly half a cen-tury, Nantucket and Martha’sVineyard won’t play each otherin football this fall. One of thefiercest and most idiosyncratichigh-school rivalries in Americais suspended because of hardtimes, missed signals and the en-croachment of other sports,with no firm plan to resume.
“It doesn’t feel right,” said16-year-old DuVaughn Beck-ford, Nantucket’s starting run-ning back. “Regardless ofwhether we won or lost, it wasthe game we looked forward to.”
The two Massachusetts is-lands have played each other infootball at least once a seasonsince 1960. Opposing fans trav-eled to the host island on a char-tered ferry, disgorging passen-gers at the terminal like spiritedinvaders. Cheerleaders deco-
rated the route from the ferrydock to the gridiron in eitherVineyard purple or NantucketWhalers navy and white. Whenthe Vineyard won, firetruckswould loudly greet the ferry onits return, their lights swirlingand horns blazing. The contesthas been chronicled in the pagesof the New Yorker and Sports Il-lustrated.
“We don’t have a lot of tradi-tions left,” said Michael McCar-thy, a guidance counselor at theVineyard's high school andformer assistant football coachwho has played Nantucket andalso watched his sons play theWhalers. “This game wasn’t forthe tourists. It was for island
Please turn to page A14
By Janet Adamy
And Jonathan Weisman
The latest Senate health billwill cost $829 billion over a de-cade and slightly reduce the fed-eral budget deficit, congres-sional budget crunchers saidWednesday, marking a majorstep forward for Democrats’plans to overhaul Americanhealth care.
The nonpartisan Congres-sional Budget Office found thesweeping measure will cover94% of nonelderly legal U.S. resi-
dents, up from about 83% cur-rently. The bill will cut the defi-cit by $81 billion over the 10-yearperiod, owing to trims in Medi-care spending and new taxes.
The widely awaited reportpaves the way for the Senate Fi-nance Committee to approve itsbill in the next few days.
After appearing in peril in Au-gust, the health-care overhaulhas cleared a series of hurdles inrecent weeks that have givenDemocrats increased confidencethey will pass a bill. Lobbyists onboth sides of the issue have
shifted their focus to what thebill will look like rather thanquestioning whether a measurecan succeed.
But plenty of potential pit-falls remain. Democrats are stilldivided over core elements, in-cluding whether to create a pub-lic health insurance plan andhow to pay for the overhaul. Thehospital industry, a key ally, says
Please turn to page A4
Follow the news all day at WSJ.com
DJIA 9725.58 t 5.67 –0.1% NASDAQ 2110.33 s 0.3% NIKKEI 9799.60 s 1.1% DJ STOXX 50 2424.84 t 0.5% 10-YR TREAS s 20/32, yield 3.175% OIL $69.57 t $1.31 GOLD $1,043.30 s $4.70 EURO $1.4680 YEN 88.64
DEFIANT ONE: Prime Minister Silvio Berlusconi, walking to a meeting in Rome, denounced a court ruling thatwill likely require him to stand trial on corruption charges. ‘Long live Italy!’ he said. ‘Long live Berlusconi!’ A10
n Americans are stillspending on their kids.Even during the worst re-cession in decades, U.S. fam-ilies spent the sameamount of money on cloth-ing for young children lastyear, despite cutting wayback on overall apparelspending. In 2008, familiesalso shelled out $144 moreper household on extrassuch as toys and play-ground equipment, as com-pared with 2007.
7 7
What’s News–
By Gerald F. Seib
A big question hangs overAmerican politics: Could nextyear be 1994 all over again?
That was the year a bitter de-bateoverhealthcareledtoadisas-trous congressional election forDemocrats, in which they lost 54House and 10 Senate seats andceded control of both chambersto the Republicans.
Things have started to looksimilar under Democratic Presi-dent Barack Obama. His poll rat-ings slipped through the summermonths, his party was damagedby a bruising health-care debate,and the latest Wall Street Jour-nal/NBC News poll shows the job-approval rating for the Demo-cratic-controlled Congress hasslumped to 22%—almost pre-cisely where it was at this time inthe 1994 election cycle.
Combine that with the fact
that a new president’s party al-most always loses seats in thefirst election after he takes office,and leaders of both parties nowagree Democratic losses appearinevitable in the 2010 congres-sional election. Even some high-profile Democrats,such asSenateMajority Leader Harry Reid andBanking Committee ChairmanChristopher Dodd, face toughfights.
The election is still a yearaway and pressing issues such asthe health overhaul, the laggingeconomy and the future of the Af-ghan war could tip the balance.Yet, there are some little-under-stood forces that suggest a full re-peat of 1994 is unlikely.
For the moment, all but nineHouse Democrats have said theyare defending their seats, farmore than in the 1994 cycle, when29 incumbent House members inthe party vacated their seats—
and Democrats lost 22 of thosespots.Incumbentsstandafarbet-terchanceofhangingoninapolit-ical storm than do newcomers. Inaddition,Mr.Obama, forall hisre-cent troubles, hasn’t slumped inpopularity as far as President BillClinton did then, at least so far.And while Democrats’ fund-rais-ing lead has slipped in recentweeks, they have built up an ad-vantage in campaign cash.
Perhaps as important, Demo-cratic leaders have warned law-makers earlier this time to startpreparing for a tough fight; in1994, by contrast, even someprominentDemocratsdidn’t real-ize until late in the game that theywere in trouble.
No one has less room for com-placencythanthe49HouseDemo-crats who won their seats in 2008in districts carried by Republicanpresidential nominee Sen. John
Please turn to page A14
s Copyright 2009 Dow Jones & Company. All Rights Reserved
n Measuring the economic impactof health care ................................. A2
n Getting a look at your creditscore, for free .................................. D1
T he Justice Departmentis investigating allega-
tions that IBM has monopo-lized the mainframe computermarket, broadening an ag-gressive government searchfor anticompetitive behaviorin the technology industry. B1n The EU signaled that itwould accept a settlement pro-posal by Microsoft and wrapup its antitrust case againstthe company by year end. B9
n Alcoa reported a third-quarter profit, buoyed bycost-cutting efforts and glim-mers of increasing demandfor aluminum. The results re-versed a string of losses. B1
n Stocks ended little changedas investors paused after twodays of gains. The Dow Jonesindustrials slipped 5.67points, or 0.1%, to 9725.58. C1
n An outside review of Citi-group’s management teamgave strong overall marks butsaid some shuffling of seniorexecutives might be needed. C1
n Latvia’s woes promptedcurrencies to fall against theeuro, as revised GDP mea-sures indicated economic fra-gility throughout Europe. A9
n ConocoPhillips will slashspending and sell about $10billion worth of assets as itscales back operations in theface of weak demand. B4
n GM is falling short on sev-eral goals it plans to meet byyear end, including workerreductions and the sale of fail-ing brands, its CEO said. B2
n BlackRock is a contenderfor the prestigious job of help-ing state regulators size up riskin insurers’ investments. C1
n Two federal regulatorscriticized parts of Rep. Bar-ney Frank’s proposal to over-haul financial regulation. C3
n The Commerce Departmentbegan an investigation intowhether to impose antidump-ing duties on imports of somesteel pipes from China. A6n Canada launched a dispute-settlement process at theWTO over the U.S.’s country-of-origin labeling law. A9
n Gianni Versace has closedits boutiques in Japan, a signof how one big luxury marketis starting to lose its lusterwith some luxury brands. B1n U.S. retail-vacancy rateshit a multiyear high in the thirdquarter, adding to pressureon shopping-mall owners. A2
n The head of the FCC saidthe agency is looking forways to make more airwavesavailable for next-generationwireless networks. A6
n Dell is planning to intro-duce a smart phone usingGoogle software on theAT&T cellular network. B9
n Amazon trimmed $40 offthe price of its Kindle e-readerand introduced a version ofthe device with internationalwireless service. B9
CONTENTSCurrents ....................... A13Health & Family ....... D4Heard on the Street .. C10Leisure & Arts ........... D7Media & Marketing ... B5Personal Finance ...... D2
Opinion .................. A15-17Sports ............................... D8Stocks in the News .. C6Style .................................. D6Technology .................... B9Weather Watch ..... B10World News ......... A8-12
There Once Was a Football GameWith Nantucket...
i i i
Island and Rival Martha’s Vineyard Won’t Play
This Year, Putting Tradition’s Future in Doubt
Note: Seasonally adjustedSource: Federal Reserve
Cutting DebtTotal consumer credit outstanding, change from a year earlier
–1502007 ’08 ’09
–100
–50
0
50
100
$150 billion
i i i
Business&Finance
By Tom Lauricella,Jason Zweig andConor Dougherty
In the U.S., the costof conceiving achild with asurrogate can bedaunting.Increasingly,hopeful parents areheading to India. D1
Take TwoEstimates of the Senate Finance Committee health-care bill
10-year cost
$774billion
$829billion
PREVIOUS REVISED
94% 94%Percent insured*
$49Blower
$81Blower
Effecton deficit
*By 2019Source: Congressional Budget Office
Age
nce
Fran
ce-P
ress
e/G
etty
Imag
es
n Democrat leaders pressedfor stimulus extensions.Amid concern that the econ-omy isn’t creating jobs, Pelosiand Reid went to the WhiteHouse to lobby for an exten-sion of a tax credit for first-time homebuyers and for taxcredits for employers who hirenew workers. A push toward anew jobs bill could open Demo-crats to GOP charges the stimu-lus package isn’t working. A4
The CBO estimated the fiscal2009 federal deficit at $1.4 tril-lion, the largest as a percent-age of GDP since World War II.
n Gates forwarded a requestfor more troops in Afghani-stan to Obama amid increas-ing skepticism over the waron its eighth anniversary. A8
n The U.S. is asking Iran to im-mediately free two jailed for-eign nationals, even as Washing-ton pursues nuclear talks. A12n Iran accused the U.S. of arole in the disappearance ofone of its nuclear scientistsduring a Saudi pilgrimage.
n A Nobel Prize in chemistrywas awarded to two Ameri-cans and an Israeli for ribo-some research being used todevelop new antibiotics. A5
n The Senate health bill willcost $829 billion over a decadeand slightly reduce the bud-get deficit, the CBO found. A1
n An Italian court struckdown an immunity law protect-ing Berlusconi, likely restart-ing two corruption trials. A10
n The Supreme Court seemedinclined to permit a cross to re-main standing in California’sMojave National Preserve. A5
n Democrats defeated a GOPeffort to remove Rangel fromthe House tax-writing panelover alleged ethical issues. A5
n Aid workers delivered foodand water for the first time toIndonesian villages cut off byquake-triggered landslides.
n The USOC’s chief said shewill step down in the wake ofChicago’s defeat in the contestto host the 2016 Olympics. A3
n Diplomats from nationsacross the Americas told Hon-duras’s government to rein-state ousted President Zelaya.
n A Justice Department pollfound that most children inthe U.S. are exposed to vio-lence in their daily lives.
n Three earthquakes rockedthe South Pacific, generatinga small tsunami. There wereno reports of damage. A12
n The EPA is launching aprobe into whether theherbicide atrazine causescancer and birth defects. A5
n Guinea’s opposition de-manded the country’s militaryleader step down before it willhold talks with the junta. A12
n Died: Irving Penn, 92, fash-ion, celebrity and still-lifephotographer, in New York.WSJ.com/Lifestyle
Clar
eA
rni
DroughtOf CreditHampersRecovery
Vital Signs
i i i
World-Wide
>
Copyright © 2009, Oracle. All rights reserved.
If your database applicationdoes not run twice as fast onSUN hardware. IBM, you’rewelcome to enter.
Win$10Million
Sun Runs OracleTwice as Fastas IBM’s Fastest Computer
See website for details and official rules:oracle.com/exadatachallenge. Award for first
eligible, successful applicant only. Terms, conditionsand restrictions apply. Offer expires January 1, 2010.
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