President Barack Obama on Thursday authorized 10 states to ignore key provisions of the No Child Left Behind law, a move to circumvent the unpopular legislation that won cheers from the states but prompted concern from Republicans and some civil-rights groups.
The Obama administration said it would grant Colorado, Indiana, Kentucky, Massachusetts, Minnesota, New Jersey and Tennessee the power to design their own school accountability systems, instead of using the one mandated by the decade-old federal law. Florida, Georgia and Oklahoma received waivers on condition they adopt specific policies promised in their applications.
New Mexico had also applied for a ...
President Barack Obama on Thursday authorized 10 states to ignore key provisions of the No Child Left Behind law, a move to circumvent the unpopular legislation that won cheers from the states but prompted concern from Republicans and some civil-rights groups.
The Obama administration said it would grant Colorado, Indiana, Kentucky, Massachusetts, Minnesota, New Jersey and Tennessee the power to design their own school accountability systems, instead of using the one mandated by the decade-old federal law. Florida, Georgia and Oklahoma received waivers on condition they adopt specific policies promised in their applications.
Iranian police used tear gas and electric prods to crack down on the country's biggest antigovernment protests in at least a year, as demonstrators buoyed by activism across the Middle East returned to the country's streets by the tens of thousands Monday.
SAN FRANCISCO (Dow Jones)--Yahoo Inc. (YHOO) said Tuesday it was cutting about 600 jobs, or about 4% of its work force, as the struggling Internet media company strives to increase revenue and boost margins.
Yahoo spokeswoman Kim Rubey said the cuts were largely aimed at the Sunnyvale, Calif.-based company's products group, which builds advertising products, Web properties like the company's popular news, sports and finance pages, as well as its widely used email service.
Most of the jobs cut were in the U.S., she said.
"Today's personnel changes are part of our ongoing strategy ...
The court-appointed trustee recovering assets for victims of Bernard Madoff's Ponzi scheme will move ahead with lawsuits brought against his elder son Mark Madoff, who killed himself Saturday morning, a lawyer for the trustee said.
"The litigation will take its course and the death of Mark Madoff will not impact that fact," the lawyer, David Sheehan, said in an email Sunday.
That the trustee intends to pursue the suits is not surprising. Among the hundreds targeted in suits by the trustee, Irving Picard, in recent weeks are estates of former Madoff investors.
After the September death of Stanley Chais, a California money manager who fed clients' funds to Mr. Madoff, for example, Mr. Picard said he would continue litigation that sought $1.1 billion from Mr. Chais and related entities. Mr. Chais had denied any wrongdoing.
On Saturday, Mr. Picard said: "This is a tragic development, and my sympathy goes out to Mark Madoff's family."
Almost a year after the multi-billion dollar fraud conducted by his father, Bernard Madoff, was publicly revealed on Dec. 11, 2008, both Mark and his brother Andrew Madoff were sued by Mr. Picard. Mr. Picard accused Mark Madoff in the October 2009 lawsuit of receiving at least $66.9 million improperly through Bernard Madoff's investment company.
His lawyer has called the suit baseless and has sought to have it dismissed.
Last week, Mark and Andrew Madoff were also named in an $80 million lawsuit filed in London against them and other former directors of Madoff Securities International Ltd. by Mr. Picard and Stephen J. Akers, a joint liquidator of the that business, Mr. Picard said. The suit was filed in the United Kingdom's High Court of Justice Commercial Court, he said.
According to Mr. Picard, the lawsuit, which has not been made public under English law, accuses directors and officers of violating their duties to the company by making fraudulent payments, including some that benefited Mr. Madoff and his family.
"The directors had duties, among others, to be honest in recording the purposes and activities of the business," Mr. Akers said in a statement. But instead, he said, they allegedly signed off on false documents and misrepresented the true nature of transactions, "all of which assisted Madoff's fraudulent scheme."
"These are baseless claims against Mark and Andrew Madoff, who were not involved in the financial operations of Madoff Securities International. They were outside directors with [minimal] ownership interests," said Martin Flumenbaum, a lawyer for Mr. Madoff's sons. "They had no knowledge of their father's crimes, including any fraudulent activity related to the London entity."
Also last week, Mr. Picard sued children of Andrew and Mark, alleging that Ruth and Bernard Madoff transferred funds to them. A spokesman for the brothers and their wives declined to comment, as did Susan Elkin, Mark Madoff's former wife, who was also sued.
In a statement on Saturday, Mr. Flumenbaum called Mr. Madoff's suicide "a terrible and unnecessary tragedy. Mark was an innocent victim of his father's monstrous crime who succumbed to two years of unrelenting pressure from false accusations and innuendo. We are all deeply saddened by this shocking turn of events."
Write to Michael Rothfeld at michael.rothfeld@wsj.com
Google Inc. said it is launching a new smartphone, developed with Samsung Electronics Co., along with a new version of the Android software for mobile devices.
The Nexus S phone will be sold in mid-December through retailers such as Best Buy Co. Inc., said Andy Rubin, a Google vice president of engineering who leads the Android team. The Nexus S will be sold for $199 with a two-year T-Mobile USA contract in the U.S. It will also be sold for $529 without a service contract.
Google is shifting strategies it used with the last Google-branded phone, the Nexus One, which launched earlier this year and was sold directly to consumers through a Google Web store. Executives at wireless carriers said the Nexus One didn't sell well, though Mr. Rubin claimed more than 100,000 were sold in three months. Google closed the Web store a few months ago.
The Nexus S smartphone will feature front- and rear-facing cameras so users can make video calls, similar to Apple Inc.'s iPhone. It also includes technology that could help people make payments with their devices when they're on the go.
Google, in a blog post, said the new Android software that will power the Nexus S, known as Gingerbread, includes support for so-called near field communications technology. Such technology can enable third-party developers to create mobile payment applications.
The company also said Nexus S is the first smartphone to feature a four-inch contoured display, which is designed to fit comfortably in the palm of the hand and along the side of the user's face.
Google won't make any money from direct sales of the Nexus S, a spokesman said. Google licenses the Android software for free to hardware makers such as Samsung.
But the adoption of Android software helps ensure that Google's Internet search, maps and other services will be a mainstay on mobile devices. Google sells ads alongside its Internet search results and helps place ads within mobile-device applications such as games, and two months ago Google executives said the company was on track to generate $1 billion annually in mobile-related revenue.
Android is making significant gains in the smartphone market, claiming 23.5% of U.S. subscribers aged 13 years old and up in October, up from 17% in July, according to estimates by comScore Inc. Apple had 24.6% of U.S. subscribers in October, up from 23.8% in July, comScore said. Research In Motion Ltd, maker of the BlackBerry, continued to slip, dropping to 35.8% from 39.3% during the same period.
WINSTON-SALEM, N.C.—President Barack Obama said Monday he was willing to compromise with Republicans who want to extend tax cuts on the wealthy in order to make sure taxes do not go up on the middle class. But he said extending unemployment insurance for the long-term unemployed was a priority.
"We've got to make sure that we're coming up with a solution even if it's not 100% of what I want or what the Republicans want," he said at a visit to Forsyth Technical Community College in Winston-Salem, N.C.
His comments reflect the continuing negotiations in Washington. The White House said over the weekend that the president told allies he would sign a temporary extension of tax cuts for all Americans, including upper-income families, but only if is accompanied by an extension of unemployment benefits.
White House officials say he also wants to extend a variety of other tax breaks affecting lower- and middle-class families as well, though it was less clear if those will be part of the final package.
Over the weekend, White House officials and congressional Republicans closed in on a deal that would extend current income-tax rates for all Americans as well as a benefits program for the long-term unemployed. Leaders of both parties appeared optimistic about reaching an agreement on a broad tax package by midweek.
Speaking Monday, Mr. Obama made a particular pitch for the unemployment insurance, which has already run out for some two million Americans.
"We should also extend unemployment insurance for workers who have lost their jobs through no fault of their own. That is a priority," he said. "It's not only the right thing to do. It's the smart thing to do."
Democrats say this aid helps the overall economy because families who benefit have little financial cushion and spend the money right away.
Mr. Obama repeated his view that tax cuts should expire for families earning more than $250,000 a year, meaning the top 2% of earners would see a tax increase. Republicans say the government shouldn't raise taxes on anyone given the slow economic recovery.
On Saturday, the Senate rejected the Obama-preferred plan to extend the tax cuts for middle-class families and allow taxes to rise on top earners.
"There are some serious debates that are still taking place. Republicans want to make permanent the tax cuts for wealthiest Americans. I have argued we can't afford it right now," Mr. Obama said Monday. "What I've also said is we have to find consensus here because a middle-class tax hike would not only be very tough on working families but a drag on our economy."
Consumer Reports, the influential product review publication, says AT&T Inc. is again the country's worst-rated mobile service provider, a blow to the carrier's effort to rehabilitate its network and reputation.
The conclusion, based on a survey of 58,000 readers, shows subscribers continue to hold AT&T's service in low regard even after the carrier boosted its wireless spending by $2 billion this year in an effort to correct what it has acknowledged were weaknesses in its network.
The results bode poorly for AT&T as it faces possible competition for Apple Inc.'s iPhone, a phone it carries exclusively now and relies on for much of its subscriber growth. In fact, Consumer Reports found "iPhone owners were, by far, the least satisfied with their carrier."
"We take this seriously, and we continually look for new ways to improve the customer experience," AT&T said in an emailed statement. The carrier pointed to its success attracting customers and claimed its dropped-call rate is only slightly worse than the best in the industry.
One company to come out well from the survey was Sprint Nextel Corp. Its overall satisfaction rating pulled nearly even with Verizon Wireless's, an indication the company's effort to improve service and build up its device lineup is getting through to customers.
Write to Andrew Dowell at andrew.dowell@dowjones.com
Congressional aides from both parties have begun discussing a temporary extension of tax cuts enacted under former President George W. Bush, including those for higher earners, laying the groundwork for a possible deal this month.
The conversations, described as preliminary, have been separate from the formal negotiation among lawmakers and Obama administration officials that began on Wednesday. Those negotiations were described as "productive" by people with knowledge of the situation, although Republicans and Democrats publicly remain far apart.
Most Democrats favor permanently extending the Bush-era tax cuts for families making less than $250,000; Republicans want to extend them for everyone, including higher earners. The tax cuts are due to expire at year's end.
A growing number of observers from both parties believe all the talks ultimately are headed toward the same result—a temporary extension of cuts for all the tax levels.
The talks among congressional aides, which have taken place over the past few weeks, have considered short-term extensions of a number of business and individual tax provisions that are expired or expiring, such as a popular research credit and middle-class protection from the alternative minimum tax.
The most likely scenario includes a one-to-three-year extension of the Bush-era income-tax rates and a two-year extension of the business provisions, according to aides. That is likely to be combined with Democratic priorities such as extension of tax breaks that benefit the working poor, as well as further extension of unemployment benefits for the long-term jobless.
Despite the discussions, stalemate still looms as a possibility. The path to an agreement promises to be rocky, with congressional votes on partisan alternatives being planned as soon as Thursday in an effort to reassure party loyalists.
Still, White House officials expressed optimism about a bipartisan compromise, following an initial meeting in the more formal negotiations that began Wednesday among congressional leaders, Treasury Secretary Timothy Geithner and White House budget director Jacob Lew.
"We're in the midst of productive discussions and negotiations around what I think everybody agrees is an issue that has to get done in taxes," said White House spokesman Robert Gibbs. "I think we can get some substantive agreements."
An agreement on temporary extension of all the current rates and breaks would represent a breakthrough after months of infighting. It would signal lawmakers' intent to avoid the economic harm, and public outrage, that could result if the two sides failed to reach a tax deal this month.
Unless Congress acts before Dec. 31, tens of millions of people could see the taxes withheld from their paychecks go up almost immediately. Many retailers and economists worry that this, in turn, could tamp down household spending and further weaken employment and the fragile recovery.
Underscoring that risk, the commissioner of the Internal Revenue Service, Douglas Shulman, sent a letter to lawmakers on Wednesday, warning that postponing extension of some breaks, such as a measure to diminish the bite of the alternative minimum tax, could be "extremely detrimental" and risk significantly delaying refunds.
Rather than take that chance, both parties appear resolved to make a serious effort to reach a deal in the next few weeks.
But even as negotiators began meeting in search of a compromise, both sides were digging in for a public fight. Senate Republican Leader Mitch McConnell (R., Ky.) sent a letter to Majority Leader Harry Reid (D., Nev.) that essentially threatened to filibuster any legislation that doesn't address the GOP's two top priorities for the lame-duck Congress: extending the Bush tax cuts and keeping the government funded after the current continuing resolution expires Friday.
"While there are other items that might ultimately be worthy of the Senate's attention, we cannot agree to prioritize any matters above the critical issues of funding the government and preventing a job-killing tax hike," said the letter, signed by all 42 Republican senators—one more than the 41 votes needed to sustain a filibuster.
That throws up a roadblock before an array of other issues that Mr. Reid has proposed to bring forward in the Senate, among them bills to liberalize immigration law, repeal the Pentagon's "don't ask, don't tell" policy on gays serving openly in the military and extend unemployment benefits that expired Tuesday.
Some Democrats took umbrage at the Republicans' unified move. "It's obstruction," said Sen. Dianne Feinstein (D., Calif.). "It's obfuscation. It brings this body to a halt."Sen. Tom Harkin (D., Iowa) accused Republicans of trying to hold a pending nuclear-weapons treaty hostage to win tax cuts for the upper brackets. He said the year-end settlement might have to include more issues, such as the weapons treaty, for Democrats to support the upper-income tax cuts.
Write to John D. McKinnon at john.mckinnon@wsj.com
Sen. Lisa Murkowski appeared to hold enough of a lead over Joe Miller Tuesday evening to win the Alaska Senate race, with a 2,247-vote lead even without counting misspelled votes that could be challenged in court.
Getty Images Sen. Lisa Murkowski talks to reporters on Capitol Hill on Monday.
Ms. Murkowski launched a write-in campaign to keep her Senate seat after tea-party favorite Mr. Miller—endorsed by former Gov. Sarah Palin—beat her in the Republican primary.
With nearly all the names on write-in ballots tallied, officials had counted 100,868 votes in Ms. Murkowski's favor, compared with 90,468 votes for Mr. Miller from the Nov. 2 election, according to Alaska elections officials.
Of those 100,868 votes for Ms. Murkowski, Mr. Miller's camp has challenged 8,153 because of misspellings and other imperfections. Not counting the challenged votes, Ms. Murkowski would be left with 92,715 votes.
Mr. Miller has said in recent weeks he would move ahead with a federal lawsuit to throw out those contested ballots if doing so might give him a lead over Ms. Murkowski.
Even if a judge were to throw out the contested ballots— fewer than 1,000 ballots remain to be counted—Ms. Murkowski seems poised to win.
Election officials counted in Ms. Murkowski's favor most misspellings and other irregularities, as long as the voter's intentions seemed clear—a decision based on past Alaska elections in which voter intent was considered even if ballots were marked imperfectly.
Tiny Ireland and the major powers of the European Union were still engaged in their strange dance last night The EU and the European Central Bank want the Irish to ask for a bailout. Ireland, crippled by the guarantee it gave its banks and all but bust, says it doesn't need bailing out, thank you very much. Oh yes you do, says everyone else. Oh no we don't, say the Irish, but while you're on the line: what would the terms be?
One has to admire the Irish for their pluck, and for their striving to protect a rather weak negotiating position. If Irish ministers resist they know it would mean the spread of more investor panic to other countries. In theory, this could in time blow up the euro zone, trigger a depression and derail the European project.
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See a sample reprint in PDF format.Order a reprint of this article nowMIDDLE EAST NEWSNOVEMBER 11, 2010, 2:31 P.M. ETIraq Coalition Pact Hits Snags ArticleCommentsmore in World »BY BEN LANDO, SAM DAGHER AND MARGARET COKER
BAGHDAD—Iraqi lawmakers took the first steps toward implementing a power-sharing agreement to establish a coalition government, but a dispute in parliament late Thursday underscored the fragility of the deal.
The agreement would see Prime Minister Nouri al-Maliki, a Shiite, keep his position, give a role to his chief rival, Ayad Allawi, who led a secular bloc that represents Iraq's Sunnis, and keep the presidency in the hands of Kurdish leader Jalal Talabani.
Late Thursday, after lawmakers elected a speaker of parliament representing Mr. Allawi's Iraqiya bloc, a disagreement emerged over the bloc's demands, and Iraqiya lawmakers walked out before the ...
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European Pressphoto Agency Iranian demonstrators clash with Iranian riot-police during a demonstration in Tehran. The opposition reported that tear gas had been fired near Tehran's University and Azadi Square.
Thousands of Iranians gathered in several locations across Tehran Monday, heeding calls in recent days by opposition leaders to demonstrate in solidarity with Egyptian and Tunisian protesters. Farnaz Fassihi has details.![[SB10001424052748703584804576144471065564508]](/OB-MN8770214prD20110214141004.jpg)
Hussein Malla/Associated Press An Egyptian police officer, center, confronted anti-Mubarak protesters in Tahrir Square in Cairo Monday.
WSJ's Charles Levinson and Jerry Seib report on how public protests in Egypt have sparked protests throughout the Middle East, namely Bahrain, Libya, Algeria, Yemen and Iran.
Agence France-Presse/Getty Images Turkey's Gul, left with Ahmadinejad, said Monday that leaders should pay attention to their peoples' demands.![[murkowsi11116]](/OB-KX149murkowDV20101116221351.jpg)
Getty Images Sen. Lisa Murkowski talks to reporters on Capitol Hill on Monday.
Associated Press Observer Joe Geldhof, left, for Sen. Lisa Murkowski, and observer Ivy Frye, for GOP nominee Joe Miller, closely watch the last of the write-in ballots during counting on Monday.
Reuters Christine Lagarde of France and Germany's Wolfgang Schäuble Tuesday.
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