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Investors will be anxiously watching the FOMC and Bernanke for further indications about the possibility of the tapering of fiscal stimulus beginning as early as September. Indeed, after Bernanke first floated the idea of the Fed’s cutting back on asset purchases by late-year during a press conference last month, indices dropped sharply for several days,[http://park7.wakwak.com/~nymidi/cgi-bin/Y1dicPbUXGVlxwg5TR4vX/light.cgi?res=492 Web-based Movie films internet sites for Your Need], with the S P 500 down almost 5 percent, a loss from which it has not yet entirely recovered. | Investors will be anxiously watching the FOMC and Bernanke for further indications about the possibility of the tapering of fiscal stimulus beginning as early as September. Indeed, after Bernanke first floated the idea of the Fed’s cutting back on asset purchases by late-year during a press conference last month, indices dropped sharply for several days,[http://park7.wakwak.com/~nymidi/cgi-bin/Y1dicPbUXGVlxwg5TR4vX/light.cgi?res=492 Web-based Movie films internet sites for Your Need], with the S P 500 down almost 5 percent, a loss from which it has not yet entirely recovered. | ||
More hawkish insinuations from the Fed could undermine the ability of positive earnings data to drive stocks upwards, and could punish them more harshly in the event of underwhelming data. Ever since markets reacted frantically to the Chairman’s June 19 press conference, messaging out of regional central bank officials has been one of reassurance when it comes to the connection between continued economic growth and the tapering of bond purchases.</html> | More hawkish insinuations from the Fed could undermine the ability of positive earnings data to drive stocks upwards, and could punish them more harshly in the event of underwhelming data. Ever since markets reacted frantically to the Chairman’s June 19 press conference, messaging out of regional central bank officials has been one of reassurance when it comes to the connection between continued economic growth and the tapering of bond purchases.</html> | ||
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| + | == LONDON- More questions- UK lawmakers to recall Murdoch == | ||
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| + | <html>LONDON British lawmakers will recall Rupert Murdoch to London for further questions about a leaked recording in which he appeared to dismiss evidence of wrongdoing at his U.K. newspaper titles, a senior parliamentarian said Tuesday. | ||
| + | The recording - obtained by the ExaroNews website and broadcast on Britain's Channel 4 - caught Murdoch describing the allegations against his journalists as "next to nothing," boasting that his lawyers were refusing to actively cooperate with investigators, and speaking dismissively about accusations of bribery leveled against his newspaper empire. | ||
| + | "We're talking about payments for news tips from cops," he was quoted as saying. "That's been going on a hundred years." | ||
| + | The recording - allegedly made secretly when Murdoch addressed staffers from The Sun newspaper back in March - made waves in Britain because it appeared to be at odds with Murdoch's vigorous public condemnations of illegal behavior at his newspaper titles. When Murdoch last appeared before parliamentary committee members, just after the scandal over phone hacking broke two years ago, he struck an apologetic tone,[http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=220683313529&ssPageName=STRK:MESE:IT Professional SEO Services VS DIY SEO], saying the appearance was "the most humble day of my life." | ||
| + | Hacking phones or corrupting police officers to win scoops was "totally wrong," he told lawmakers at the time. "There is no excuse for breaking the law at any time." | ||
| + | John Whittingdale, who chairs the House of Commons' Culture, Media and Sport Committee, said his colleagues voted Tuesday to recall Murdoch for questions over the recording. In a brief telephone interview, Whittingdale said the committee's letter inviting Murdoch back had not yet been sent and that he could not provide any details on when the mogul would be asked to reappear. | ||
| + | News UK,[http://cgi.members.interq.or.jp/rap/takepee/i/epad/epad.cgi?res=75071 Social Media Marketing And SEO Why Your Online Ma], the British newspaper arm of Murdoch's media empire,[http://www.jerseys-hearts.com/National-League-19-Votto-2012-All-Star-dk-blue-Jersey-16519/ National League 19 Votto 2012 All-Star dk blue Jersey], referred questions to News Corp. in the United States, which declined to comment. | ||
| + | News UK - until recently known as News International - has been in crisis ever since the scandal exploded. | ||
| + | A slew of police and parliamentary investigations into voicemail interception, bribery, computer hacking, and the use of private investigators have led to the arrests, resignations, or prosecutions of dozens of journalists, executives, and other employees. Murdoch was forced to close his top-selling Sunday tabloid, the News of the World, shortly after the scandal broke, and morale at its sister paper, The Sun, has been battered by bribery charges leveled against some of its most senior editors. | ||
| + | In the recording, Murdoch appears to promise his staffers he'll look after them no matter what. | ||
| + | "I will do everything in my power to give you total support, even if you're convicted and get six months or whatever,[http://www.jerseys-hearts.com/Giants-35-Ishikawa-Grey-Jerseys-766/ Giants 35 Ishikawa Grey Jerseys]," he was quoted as saying. "What you're asking is, what happens if some of you are proven guilty? What afterwards? I'm not allowed to promise you ... I've got to be careful what comes out - but frankly, I won't say it, but just trust me." | ||
| + | In earlier testimony given before the House of Commons' Home Affairs Committee, Metropolitan Police Assistant Commissioner Cressida Dick told lawmakers her force was seeking a copy of the recording with an eye toward "assessing the full contents of that tape." | ||
| + | She also confirmed that Murdoch's company had ceased actively cooperating with investigators. | ||
| + | "Since May of this year, voluntary cooperation has been significantly reduced," she said. | ||
| + | Dick also gave lawmakers an update on the investigations which sprang from the scandal. She told lawmakers there had been 126 arrests, 42 charges, and six convictions. Dick said that police don't anticipate many more arrests, a signal that the investigations - which have so far cost more than 20 million pounds ($30 million) - may finally be winding down. | ||
| + | Her colleague, Commander Neil Basu, told lawmakers that police had identified 5,500 potential victims of phone hacking by journalists and their private investigators - of which 1,000 of them had been identified as "likely victims." He also said police had identified more than 400 victims of police bribery,[http://www2s.biglobe.ne.jp/~h-tanaka/apri/i/bbs/bbs.cgi?res=21798 Channel Your Career with SEO and PHP Training], and said that authorities were investigating more than 150 allegations of computer hacking. | ||
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| + | Associated Press writer Cassandra Vinograd contributed to this report.</html> | ||
