Today's Paper: Europe

	Online Journal E-Mail Center
	May 5, 2009 -- 5:30 a.m.

Visit WSJ.com at U.S. | EUROPE | ASIA News by section: Page One | Corporate News | Economy and Politics | Money and Investing | Marketplace   PAGE ONE A1 EU Sees Region's Economy Shrinking 4% in 2009 The EU said the economic downturn this year will be deeper and last longer than originally thought.   New York Fed Chairman's Ties to Goldman Raise Questions New York Fed Chairman Stephen Friedman's ties to Goldman Sachs started raising questions once the firm became a bank holding company. • Video: WSJ's Kate Kelly on the article • Econ: The Power of the Fed • Readers React: 'What a mess'   A2 • Fiat Plan for Opel Raises Specter of Job Reductions • President's Tax Proposal Riles Business   A3 • Chrysler Forecasts Profit -- In 2012 • French Car Registrations Decline 7%   CORPORATE NEWS A4 Publishers Nurture Rivals to Kindle Amazon's Kindle has left some publishers feeling let down, and they are pushing for alternative e-readers. • Digits: Amazon Returns to Scene of Kindle Capers • All Things D: Amazon to Unveil New Device   New Ads Will Stir Up Coffee Wars The coffee war between Starbucks and McDonald's is coming to a boil this week, as the two chains launch national marketing campaigns.   GDF Suez Posts Profit Gain on Cold Weather, Gas Dispute GDF Suez reported higher first-quarter earnings and revenue, helped by cold winter temperatures.   A6 • Bottler Rejects PepsiCo's Offer • Lauder Touts Beauty Bargains • Reliance Net Hurt by Promotions • ArcelorMittal Delays Plan to Invest in Indonesia • Tata Nano Bookings Exceed Supply   A7 • Roger Penske Is Possible Buyer For Saturn Unit • Tyson's Loss Deepens   A8 • A Room With a Flu: Dispatches From a Hong Kong Hotel   A9 • New Strain of Flu Virus Spreads to 18 Countries • China Plans to Fly Mexicans Home • Egypt's Christian Farmers Protest Cull   ECONOMY AND POLITICS A10 Encouraging Signs Seen in Housing, Construction Pending home sales and construction spending rose in March, the latest encouraging signs for the economy.   Court Throws Out Ruling on Janet Jackson The Supreme Court is ordering a federal appeals court to re-examine its ruling in favor of CBS over Janet Jackson's "wardrobe malfunction" at the 2004 Super Bowl. • It Is So Ordered: Decisions This Term   CAPITAL JOURNAL GOP Tries to Dig Out of Its Hole Despite polls that suggest a center-right nation, Republicans are having trouble luring back potential followers in the middle of the spectrum. • Video: Poll Results Comforting to Republicans   A11 • Altared State: Who's the First Lady When the President's a Polygamist? • France Wrests Title of Sleeping Giant • Aso Urges Global Push on Nuclear Weapons • Indonesia Detains Graft Foe • Koreas Unite in Piracy Rescue   A12 • Pakistan Abandons Truce in Swat • Nepal's Premier Resigns, Rattling a Fragile Peace   A13 OPINION Capitalist for the Common Man The scene was a low-rent Manhattan auditorium, circa 1978. A young Congressman from Buffalo with a raspy voice was debating a liberal from central casting about the necessity of tax-cutting to stimulate growth.   The Next Housing Bust Meet the federal subprime lending program.     A14 • Easy Credit and the Depression • STATE OF THE UNION: No More Berlin Walls   A15 OPINION AMIR TAHERI As the U.S. Retreats, Iran Fills the Void By Amir Taheri Lebanon could be one of the first moderate Mideast states to fall.   China's Bad Medicine By Roger Bate The counterfeit drug trade is a problem that Beijing can cure.     MARKETPLACE A29 THE MIDDLE SEAT The 10 Rules of the Road for Air Travel In an adaptation from his book, "The Wall Street Journal Guide to Power Travel," Scott McCartney offers 10 rules that can help travelers avoid problems and enjoy trips. • The Middle Seat Terminal • Podcast | Video   Need for Cost Data Slows Health-Care Overhaul The complexity of estimating how much health-care proposals will cost has slowed the task, the Congressional Budget Office said.   A30 • Giving Internships a Post-College Try   A31 • Out of Hiding   A32 • Taking a Stand in the Grandstands • HEARD ON THE STREET: Fiat: Fix It Again, Taxpayers • HEARD ON THE STREET: Asian Bounce Needs Fuel From the U.S. View the latest What's News Online Past Editions of In Today's Paper advertisement MONEY AND INVESTING A19 The Big Bored: NYSE Traders Look for Diversions as Life Slows on Floor Many once-frantic floor traders find themselves with less work to do, despite recent market volatility, due to the increased use of electronic trading. • Graphic: Trading Floor Slowdown   U.S. Gas Fields Go From Bust to Boom After an era of declining production, the U.S. is now swimming in natural gas. The discoveries are spurring policy makers to look to natural gas to solve a range of energy problems. • Photos: From Rock to Gas • Green Ink: Mixed Blessings of a Natural-Gas Boom   A20 • S&P Up for 2009 as Stocks Surge   A21 • Auto Makers Help Lift European Shares • Wells Fargo May Need Capital • Swiss Executive Is Fined by France Over Disney Hoax • New FASB Rule Aims to Clarify 'Net Income'   A22 • Banks Get Tougher on Credit Line Provisions • CURRENCY TRADING: Return of Risk Puts Dollar Out of Favor • CREDIT MARKETS: Longer-Term Treasurys Climb   A23 • Price Wars Clip Alternative Trade Systems • By Losing Less, Managers Finally Beat Benchmarks   A24 • Vulnerability Is Highest in Asian Economies • Shares Rally; Taiwan, Hong Kong Lead   A25 • Stock Underwriters Hope April Was Turning Point • Four Dazzling Debuts Fail to Start a Trend • AIG Nears Sale of HQ in Japan • COMMODITIES REPORT: Oil Prices Hit New High for 2009

TO UNSUBSCRIBE DIRECTLY from this list, click here. Your request will take effect within 48 hours. TO VIEW OR CHANGE any of your e-mail settings, click here. You are currently subscribed as ignoble.experiment@ARCONATI.US FOR FURTHER ASSISTANCE, please contact Customer Service at 1-800-JOURNAL (1-800-568-7625) between the hours of 7 am - 10 pm Monday - Friday ET and 8 am - 3 pm Saturday ET or e-mail onlinejournal@wsj.com. Copyright 2009 Dow Jones & Company, Inc. All Rights Reserved. Privacy Policy Contact Us