News Alert: Strauss-Kahn Case Seen as in Jeopardy

Breaking News Alert
The New York Times
Thursday, June 30, 2011 -- 9:07 PM EDT
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Strauss-Kahn Case Seen as in Jeopardy

The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that she was attacked by the French politician in his Manhattan hotel suite in May, according to two well-placed law enforcement officials.

Although forensic tests found unambiguous evidence of a sexual encounter between Mr. Strauss-Kahn and the woman, prosecutors do not believe much of what the accuser has told them about the circumstances or about herself.

Since her initial allegation on May 14, the accuser has repeatedly lied, one of the law enforcement officials said.

Read More:
http://www.nytimes.com/2011/07/01/nyregion/strauss-kahn-case-seen-as-in-jeopardy.html ?emc=na

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Afternoon Update: Cuomo Will Seek to Lift Ban on Hydraulic Fracturing

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June 30, 2011 Afternoon Update

TOP NEWS Cuomo Will Seek to Lift Ban on Hydraulic Fracturing By DANNY HAKIM and NICHOLAS CONFESSORE The decision would allow the controversial technology for extracting natural gas from shale in some parts of the state, according to people briefed on the discussions. How Hydrofracking Works More on Natural Gas Drilling » Public Workers Strike in Britain Over Pensions By SARAH LYALL Hundreds of thousands of teachers and workers across Britain walked off their jobs on Thursday as unions warned of a wave of strikes. The Caucus Obama Shows Emotion, With Consequences By MICHAEL D. SHEAR Will President Obama's pointed remarks about his Republican adversaries help jump-start stalled debt negotiations or push the two sides further apart? Video: Obama's Message Post a Comment | Read Media Decoder Blog MSNBC Suspends Halperin Over Slur By BRIAN STELTER and JEREMY W. PETERS Mark Halperin, an analyst, disparaged President Obama's behavior at a news conference. A Safety Valve for Inmates, the Arts, Fades in California By ADAM NAGOURNEY Inmates act out their anger and fear on stage in the only two prison arts programs left in California, where most such programs have disappeared in budget cuts. • NYTimes.com Home Page »

Multimedia Video: TimesCast Thousands of British public workers protest austerity measures; Nicholas D. Kristof on the Sudanese president's visit to China; and Jonathan Mahler speaks out on two Texas sports icons. Opinion Opinionator Tough Week for Meatless Monday No question, the Fourth of July holiday is challenging for anyone wanting to avoid meat.

BUSINESS German Banks Agree to Roll Over Greek Debt By MATTHEW SALTMARSH and STEPHEN CASTLE The financing plan is based on a similar agreement with France and its banks and is seen as crucial to securing more aid for Greece. DealBook Mortgage Executive Receives 30-Year Sentence By BEN PROTESS Lee B. Farkas, the former chairman of Taylor, Bean & Whitaker, received less than the 385-year penalty sought by federal prosecutors. Graphic: Tracking Financial Crisis Cases DealBook Lloyds Plans to Cut 15,000 Jobs By JULIA WERDIGIER The Lloyds Banking Group said that it also planned to scale back its overseas operations as part of a larger reorganization aimed at allowing the British government to sell its stake in the lender. DealBook Morgan Stanley's Next No. 2, the Guessing Game By SUSANNE CRAIG Morgan Stanley's chief executive, James P. Gorman, who is likely to take over as chairman next year, may wait awhile to fill the president's chair he would vacate. Mobile Phone Roaming Charges Set to Drop in Europe By KEVIN O'BRIEN The per minute charge for making a voice call in the European Union is to fall on Friday to 35 cents a minute from 39 cents, and to 11 cents from 15 cents for receiving a call. • More Business News »

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News Alert: With Talks Deadlocked, N.B.A. Heads for a Shutdown

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The New York Times
Thursday, June 30, 2011 -- 3:25 PM EDT
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With Talks Deadlocked, N.B.A. Heads for a Shutdown

About two weeks after celebrating an electric championship series and a revitalizing season, the N.B.A. is shutting down — perhaps for a very long time.

Negotiators for the owners and the players union made a final attempt to broker a new labor deal Thursday afternoon, but they separated without an agreement and without much hope of bridging a gap of several billion dollars.

Read More:
http://www.nytimes.com/2011/07/01/sports/basketball/with-talks-deadlocked-nba-heads-for-a-shutdown.html?emc=na

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News Alert: Cuomo Will Seek to Lift Ban on Hydraulic Fracturing

Breaking News Alert
The New York Times
Thursday, June 30, 2011 -- 1:15 PM EDT
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Cuomo Will Seek to Lift Ban on Hydraulic Fracturing

The Cuomo administration is expected to lift what has been, in effect, a moratorium on hydraulic fracturing, a controversial technology used to extract natural gas from shale, people briefed on the administration's discussions said.

Administration officials are discussing maintaining a ban on the process inside New York City's sprawling upstate watershed, as well as a watershed used by the city of Syracuse, according to people briefed on the plan. But by allowing the process in other parts of the state, Gov. Andrew M. Cuomo would open up New York to one of the fastest-growing — critics would say reckless — areas of the energy industry.

Read More:
http://www.nytimes.com/2011/07/01/nyregion/cuomo-will-seek-to-lift-drilling-ban.html?emc=na

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Travel Deals: Prices Slashed Just in Time for the Fourth!

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News Alert: Rhode Island Lawmakers Pass Bill to Allow Civil Unions for Gays

Breaking News Alert
The New York Times
Wednesday, June 29, 2011 -- 7:40 PM EDT
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Rhode Island Lawmakers Pass Bill to Allow Civil Unions for Gays

Less than a week after same-sex marriage was legalized in New York, the Rhode Island State Senate approved on Wednesday evening a bill allowing not marriage, but civil unions for gay couples, despite fierce opposition from gay-rights advocates who called the legislation discriminatory.

The bill, which already passed in the state's House of Representatives and which the governor said he will likely sign, would grant gay and lesbian couples most of the rights and benefits that Rhode Island provides married couples. It was offered as a compromise this spring after Gordon D. Fox, the openly gay speaker of the Democratic-controlled House, said he could not muster enough votes to pass a same-sex marriage bill.

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News Alert: Despite Fears, Owning Home Retains Allure, Poll Shows

Breaking News Alert
The New York Times
Wednesday, June 29, 2011 -- 6:40 PM EDT
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Despite Fears, Owning Home Retains Allure, Poll Shows

Owning a house remains central to Americans' sense of well-being, even as many doubt their home is a good investment in after a punishing recession.

Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else.

Support for helping people in financial distress over housing is higher than support for helping those without a job for many months.

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http://www.nytimes.com/2011/06/30/business/30poll.html?emc=na

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Afternoon Update: Obama Scolds G.O.P. Leaders for Not Acting Sooner on Debt

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June 29, 2011 Afternoon Update

TOP NEWS Obama Scolds G.O.P. Leaders for Not Acting Sooner on Debt By MICHAEL D. SHEAR President Obama in a news conference said he believed Republicans would accept more taxes to avoid default and voiced exasperation at the pace of negotiations between the administration and Congress leaders. Post a Comment | Read Greek Parliament Approves Austerity Plan By RACHEL DONADIO and NIKI KITSANTONIS Parliament voted in favor of an austerity plan required by the country's foreign lenders before it could receive additional funds. Markets Higher on Greek Vote 3:40 PM ET Video: Greek Austerity Plan Syria Pulls Armed Forces Back From Some Areas By ANTHONY SHADID The military's withdrawal from Hama has surprised even some activists and diplomats, who differ on whether the departure points to a government strategy or weakness. Bank of America to Set Aside $14 Billion in Mortgage Deal By NELSON D. SCHWARTZ and ERIC DASH The charge, which will drive the company to a multibillion-dollar loss in the second quarter, is the biggest single settlement tied to the subprime mortgage boom. France Admits to Arming Libyan Rebels By DAVID JOLLY and MAÏA DE LA BAUME Opposition forces were provided with "assault rifles, machine guns and rocket-propelled grenades and launchers," according to Col. Thierry Burkhard, a spokesman for the French military. • NYTimes.com Home Page »

Multimedia Video: TimesCast Greece's Parliament passes an austerity plan, bolstering global investor confidence while sparking violent protests in Athens; and in Egypt, hundreds are injured in Tahrir Square in the worst violence since the revolution. Opinion Opinionator | The Stone Argument, Truth and the Social Side of Reasoning In a recent discussion about reasoning, one point was overlooked: Knowledge of the truth is a social process.

BUSINESS DealBook New Investment Strategy: Preparing for End Times By AZAM AHMED In return for small losses now, some funds offer to protect portfolios against events that are unlikely or unthinkable. Post a Comment Prescriptions Blog F.D.A. Again Rejects Avastin for Breast Cancer By ANDREW POLLACK Advisers found that the drug was neither effective nor safe for treatment of metastatic breast cancer. Post a Comment DealBook London and Toronto Exchanges Call Off Merger By IAN AUSTEN The exchange companies said that they believed they were unlikely to get the required two-thirds of TMX shareholders to approve their deal. Markets Rise on Optimism Over Greek Vote By CHRISTINE HAUSER and MATTHEW SALTMARSH Stocks rose both before and after the approval as investors registered confidence that Greece would pass austerity measures to win another installment of aid. Greek Parliament Approves Austerity Plan Media Decoder Blog News Corp. Sells MySpace to Specific Media for $35 Million By BRIAN STELTER MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday. • More Business News »

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