Monday, July 18, 2011

The Wall Shit Journal and I: Sid Harth

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PRESS DIGEST - Wall Street Journal - July 18




July 18 | Mon Jul 18, 2011 4:11am EDT
(Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
* As companies and debt collectors try to collect on overdue bills that piled up during the financial crisis, the recession and their aftermath, they are borrowing a tactic from plaintiffs' lawyers: They shop around for the best places to bring their claims.
* With few signs of movement on negotiations to raise the federal borrowing limit, Senate leaders are planning to unveil a back-up plan that would force more budget wrangling before the end of the year.
* After weeks of warnings and much talk of a motor-driven apocalypse in advance of the closure of a 10-mile stretch of the 405 Freeway, residents here largely stayed off the road.
* Business groups and labor unions will face off at a hearing over a government proposal to streamline the process of union-organizing elections.
* President Barack Obama ended months of speculation about who will lead the Consumer Financial Protection Bureau created in the wake of the financial crisis by saying he would nominate former Ohio Attorney General Richard Cordray for the job.
* Nuclear Regulatory Commission Chairman Gregory Jaczko wants his agency to decide within 90 days how to proceed with far-reaching safety changes recommended for the nuclear industry.
* President Barack Obama will meet with some of the nation's top CEOs, including that of AT&T Inc and Time Warner Cable Inc on Monday, to prod them to invest more heavily in education initiatives, especially those he champions, such as high-quality teaching and early childhood programs.
* China lodged formal protests with the U.S. government over President Barack Obama's private meeting with the Dalai Lama, accusing Washington of "grossly" interfering in China's internal affairs and damaging bilateral relations.
* The 6-year-old son of Medicis Pharmaceutical Corp founder and chief executive Jonah Shacknai, has died from injuries suffered in an accident in his California home last week, two days before Mr. Shacknai's girlfriend was found dead at the same property.
* Casey Anthony has been released from a Florida jail, 12 days after she was acquitted of murder in the death of her 2-year-old daughter.
* Borders Group inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.'s second-largest bookstore chain in business.
* The U.S. wireless industry is booming as more consumers and businesses snap up smartphones, tablet computers and billions of wireless applications. But employment in the industry has hit a 12-year low. (Compiled by Aniket Basu; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)

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...and I am Sid Harth@mysistereileen.com
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