Friday, November 4, 2011

Today's Headlines: Greek Leader Calls Off Referendum on Bailout Plan

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TOP NEWS

Greek Leader Calls Off Referendum on Bailout Plan

By RACHEL DONADIO and NIKI KITSANTONIS

Prime Minister George A. Papandreou of Greece said a vote on his country's new debt deal with the euro zone was unneeded after he won a measure of support for the deal from his opposition.

Bleak Portrait of Poverty Is Off the Mark, Experts Say

By JASON DePARLE, ROBERT GEBELOFF and SABRINA TAVERNISE

The Census Bureau will release a long-promised alternate measure meant to do a better job of counting the resources of the needy and bills they have to pay.

DealBook

As Regulators Pressed Changes, Corzine Pushed Back, and Won

By AZAM AHMED and BEN PROTESS

Jon S. Corzine, the head of MF Global, carried significant weight in the worlds of Washington and Wall Street, and he used it to stop the plans of financial regulators.

QUOTATION OF THE DAY

"My personal view is, why don't you get out there and try to do something about the things that you don't like, create the jobs that we are lacking, rather than just yell and scream. But if you want to yell and scream, we'll make sure you can do it."
MAYOR MICHAEL R. BLOOMBERG, on the Occupy Wall Street protesters.


Magazine

Interactive Graphic: What Are the Chances for Republicans?

How would the strength of the economy next year affect each candidates' chances of defeating Barack Obama? Nate Silver models the likelihood of each candidate winning the popular vote.

Opinion
Workers of the World, Employed
Opinionator | Fixes

Workers of the World, Employed

A new type of ethical outsourcing is showing that young people from the poorest corners of the world can be reliable knowledge workers.

WORLD

Cuba to Allow Buying and Selling of Property, With Few Restrictions

By DAMIEN CAVE

A new property law announced Thursday is the most significant market reform yet approved by the government of Raúl Castro, and one that will likely reshape Cuba's cities and conceptions of class.

U.S. Report Accuses China and Russia of Internet Spying

By THOM SHANKER

The allegations, made in a report to Congress, said the two governments pilfer corporate information to accelerate their own economic development.

Israel Faces Questions About News Reports of Eyeing Iran Strike

By ISABEL KERSHNER and DAVID E. SANGER

Israeli officials would not confirm or deny Israeli news reports that top leaders were pressing for a decision on whether to strike nuclear-related sites in Iran.

U.S.

Petition Drive Challenges Medical Marijuana Ban in Rural California County

By JESSE McKINLEY

The rural, largely conservative Kern County, Calif., seems an unlikely battleground over the issue.

Oakland Police Clash With Fringe Protesters

By MALIA WOLLAN

A small group of demonstrators faced off against the police early Thursday after a peaceful march by Occupy Oakland.

Detroit's Mayor Says Budget Gap May Require Emergency Manager

By MONICA DAVEY

Mayor Dave Bing's suggestion comes as the city faces a budget shortfall that is estimated to reach about $150 million early next year.

POLITICS

For Perry, Use of Private Jets as Part of Job

By MIKE McINTIRE

A group of well-heeled businessmen has effectively helped underwrite some of Rick Perry's activities as governor of Texas.

For a Close Aide to Herman Cain, Scrutiny Comes on Two Fronts

By TRIP GABRIEL

Mark Block, Herman Cain's chief of staff, faces challenges posed by sexual harassment allegations against the candidate and his own role in the early financing of the campaign.

Woman Said to Have Felt Hostility at Work After Complaining About Cain

By JIM RUTENBERG and JEFF ZELENY

Three people familiar with the woman's account said that after the incident she complained to higher-ups at the restaurant association and came to feel that there was a "change of attitude," from her bosses toward her.

BUSINESS

European Central Bank, Under New Chief, Cuts Key Rate

By JACK EWING

In Mario Draghi's first meeting as president, the bank lowered Europe's benchmark rate to 1.25 percent amid gloomy economic reports and tension over Greece.

DealBook

BNP Paribas Writes Down Greek Debt as Earnings Slump

By DAVID JOLLY

BNP Paribas, the largest French bank, said it was writing off 60 percent of the value of its Greek debt holdings, a belated acknowledgement that the loans were largely unrecoverable.

Stocks & Bonds

Market Anxiety Grows Over Italy

By GRAHAM BOWLEY

The high interest rates Italy must pay on 3 billion euros in bonds last week reflect the difficulty European countries face in escaping their financial crises.

TECHNOLOGY
DealBook

In an I.P.O., a Clamor for Groupon's Deal

By EVELYN M. RUSLI

Following a high demand by investors for shares, Groupon priced its initial public offering at $20, above the expected range of $16 to $18. The stock sale values the company at $12.65 billion.

Bits Blog

Google Changes Search Algorithm, Trying to Make Results More Timely

By CLAIRE CAIN MILLER

Google made an unusually wide-reaching change to its search algorithm to show more real-time results.

DealBook

TPG Capital Enters the Fray for Yahoo

By MICHAEL J. DE LA MERCED and EVELYN M. RUSLI

TPG Capital has signed a nondisclosure agreement with Yahoo, becoming one of the first private equity firms to begin formal due diligence as the Internet company weighs a sale of some or all of itself.

SPORTS

50 N.B.A. Players Considering Dissolution of Union

By HOWARD BECK

The players would act if labor negotiations scheduled for Saturday failed or if talks produced an unpalatable deal.

For Bills' Quarterback, Losing (Wedding Ring) Is Not an Option

By BEN SHPIGEL

Ryan Fitzpatrick would rather talk about the Buffalo Bills and their 5-2 record instead of why he keeps his ring on for games - a rare move in the N.F.L.

Bradshaw Injury Will Give Jacobs an Opportunity

By SAM BORDEN

Brandon Jacobs could become the Giants' featured back if Ahmad Bradshaw, who has a fractured right foot, is unable to play Sunday against New England.

ARTS
Art Review

A Suspension of Willful Disbelief

By ROBERTA SMITH

The Maurizio Cattelan retrospective at the Guggenheim contains an eye-catching arrangement of 128 works.

Theater Review | 'Other Desert Cities'

Painful Family Secrets Laid Bare

By BEN BRANTLEY

Jon Robin Baitz's "Other Desert Cities" has moved to Broadway, where it has emerged as stronger, more sincere and more credible than in its previous incarnation.

Movie Review | 'Tower Heist'

Crime Doesn't Pay. Oh, Wait.

By A. O. SCOTT

In "Tower Heist," with Ben Stiller and Eddie Murphy, some little guys seek revenge after a financial fraud.

NEW YORK / REGION

Demonstrators Test Mayor, a Backer of Wall St. and Free Speech

By KATE TAYLOR

Occupy Wall Street, with its unpredictable nature, has become a management dilemma for Mayor Michael R. Bloomberg late in his third term.

A Parade of Protesters, in a Court Just for Them

By JOHN ELIGON

The Occupy Wall Street movement reached a new phase on Thursday, as the first of hundreds of protesters arrested in Manhattan made their initial court appearances.

School Has a Charter, Students and a Strong Opponent: Its District

By WINNIE HU

The school district in Mount Vernon, N.Y., has sued the State Education Department and the Amani Public Charter School and has refused to forward government money the charter is due.

MOVIES
Arts & Leisure

A Star Who Isn't Afraid to Take Risks

By BROOKS BARNES

Leonardo DiCaprio spends most of his screen time in Clint Eastwood's "J. Edgar" sweating and sneering, looking unhandsome and unheroic.

Movie Review | 'Pianomania'

A Master of the Piano Whose Performances Receive No Applause

By MANOHLA DARGIS

"Pianomania" is a documentary about an extraordinarily gifted individual, a full-on geek, obsessed with the care of beautiful pianos.

Movie Review | 'Charlotte Rampling: The Look'

What's Behind That Mona Lisa Smirk?

By STEPHEN HOLDEN

A documentary portrait of the enigmatic Charlotte Rampling, with her scattered observations on her films and life, love and death.

EDITORIALS
Editorial

Putting Millionaires Before Jobs

Republicans in the Senate have chosen to reject a vital infrastructure and jobs bill rather than raise taxes on a small elite.

Editorial

Mr. Draghi Makes a Start

The European Central Bank made a sensible decision to cut the euro-zone's interest rate, but there is a lot more it can do to shore up the weak economies.

Editorial

Tainted Witness

The Supreme Court should maintain a focus on reliability and require that trial judges keep out unreliable identification that could prejudice a verdict.

OP-ED
Op-Ed Contributor

Drinking on the People's Tab

By ANDREY KURKOV

From Chernobyl to village politics, Ukrainians are shrewd and skilled at adapting to the challenges their country throws at them.

Op-Ed Columnist

Oligarchy, American Style

By PAUL KRUGMAN

The stark reality is that we have a society in which money is increasingly concentrated in the hands of a few people. This threatens to make us a democracy in name only.

Op-Ed Columnist

Shale Gas Revolution

By DAVID BROOKS

The United States seems to possess a 100-year supply of natural gas, a cleaner, cheaper energy source than other fossil fuels. Will America blow this blessing?

ON THIS DAY

On Nov. 4, 2008, Barack Hussein Obama was elected the 44th president of the United States, as the country chose him as its first black chief executive.

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