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Hungary Blinks as Migrants Flee

Hungary said Friday it would provide buses to take migrants to the Austrian border after a stream of people who have been stranded in the country for days set out for the border on foot. Austria and Germany agreed to allow in the refugees. 243

London Jewel Thieves Plead Guilty in Easter Heist

Four men pleaded guilty on Friday to conspiracy for a jewel heist in London’s Hatton Garden diamond district over the Easter weekend.

U.S. Veterans Who Fight ISIS

A former Army Ranger and a decorated Marine are among U.S. veterans volunteering to join Kurdish fighters against Islamic State in Syria. 66

Clashes in Tajikistan Leave 17 Dead

An outbreak of violence in Tajikistan left 17 people dead on Friday, raising fears of a return to unrest in a Central Asian nation still scarred by civil war.

Google Pursuing a Return to China

Google is in talks with the Chinese government and handset makers about launching a new Android app store there, a move that would mark the company’s return to China.

Blurry Job Picture Poses Test for Fed

U.S. employment growth slowed in August but the jobless rate fell to the lowest level since 2008, a mixed labor-market reading less than two weeks before a crucial Federal Reserve meeting. 231

Judge Orders Credit Suisse to Pay Highland $287.5M in Suit Over Loan

A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments.

Putin Pitches for Foreign Investment in Russia’s Far East

Russian President Vladimir Putin has made a pitch for greater investment in his country’s resource-rich Far East region, despite a slowdown in the Chinese economy that has shaken global markets.

G-20 Increasingly Concerned About Slowing Chinese Economy

China’s market routs and a string of weak data are fueling concern among Group of 20 officials that a slowing Chinese economy could fuel further market instability and push global growth deeper into a long-term rut.

Scandals Upend Guatemala’s Presidential Election

Guatemalans go to polls Sunday to vote for a new president amid a wave of popular anger over politics as usual, days after the resignation of President Otto Pérez Molina amid a corruption scandal.

From Piles of Trash Sprout Demands for Change in Lebanon

Protests demanding political reform bridge country’s longtime political, religious and ethnic divides.

Public Pension Funds Roll Back Return Targets

The cuts to their lowest levels since the 1980s portend greater hardships for employees and cash-strapped governments as Americans age. 95

Weekend Investor

No Emerging Markets in Your Portfolio? Look Again

Some foreign-stock mutual funds have 30% or 40% of assets in developing nations.

U.K. Regulator Warns Commodity Firms About Market Abuse

The U.K.’s financial regulator said firms that trade commodities have learned little from recent high-profile cases of market abuse and are failing to adequately monitor the risks of such abuse.

Heard on the Street

This Plastics IPO Is Timed Right – For the Seller

Bayer’s material science division, now called Covestro, had a strong first-half ahead of a planned initial public offering. That looks hard to keep up.

Brussels Beat

EU Displaces U.S. as Top Antitrust Cop

The European Union’s antitrust activism has put it in prime position to shape the Internet and is encouraging some U.S. technology executives to focus on Brussels.

Daimler, Renault Reboot Tiny Car

Daimler is taking another crack at the U.S. market for ultra-compacts with a retooled version of its ForTwo Smart car built through a collaboration that could become a benchmark for other auto makers. 70

Volkswagen CFO Nominated as Board Chairman

The largest shareholder of Europe’s biggest auto maker nominated the company’s CFO to become the next chairman of VW’s supervisory board.

BASF, Gazprom Renew Abandoned Asset-Swap Plan

Germany’s BASF and Russia’s Gazprom will complete an asset-swap deal signed in 2013 but called off last year amid tension between Russia and the West.

GVC Wins Race to Acquire Bwin.party

Sports-betting and online-gambling operator GVC Holdings PLC said it had clinched a deal to buy Bwin.party Digital Entertainment PLC after beating an offer from online-gambling peer 888 Holdings PLC.

Fashion

How Fashion Experts Shop the High Street

Despite the crowds, the lines and the overpacked rails, there are real gems to be found in mainstream stores—you just need to know how to find them.

Will Lyons on Wine

What’s the Point of Scoring Wines?

A wine’s taste and character change almost daily, and taste is subjective—so is giving them marks a pointless exercise?

Theater

Michael Grandage: A Director’s DNA

With ‘Photograph 51’ at London’s Noël Coward Theatre, the acclaimed director coaxes Nicole Kidman back onstage for an exploration of the passion and poetry of science.

Going Native in NYC: 8 Things to Do as an Expat in the Big Apple

You’re relocating to the Center of the Universe, a.k.a. the Capital of the World, a.k.a. the City That Never Sleeps. So what do you do to embrace New York?

Video

Migrants Vow to March From Hungary to Austria

1:24

Migrants Refuse to Go to Refugee Camp in Hungary

1:59

Father of Aylan Kurdi Speaks at Funeral

0:58

Mind and Matter

The Power of Brains to Keep Growing

Not long ago, scientists thought that after infancy, our brains never added any neurons. Patricia Churchland on how brains keep growing

Film Review

‘La Jaula de Oro (The Golden Dream)’ Review: Dark Immigrant Odyssey

In Diego Quemada-Diez’s celebrated directorial debut, a trio of teenagers flee from Guatemala and make their way through a treacherous Mexico, where police and gangsters prey on vulnerable travelers.

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Ben Bernanke – der große Kommunikator

Ben Bernanke hat die US-Zentralbank aus der kommunikativen Steinzeit geführt. Er hat regelmäßige Pressekonferenzen eingeführt und tritt im Fernsehen auf. Für die Federal Reserve war das früher undenkbar. Jetzt hat sich Bernanke sogar auf Twitter eingelassen. Die volle Wucht des Mediums hat er zwar noch gescheut, aber immerhin konnten bei einer Diskussionsrunde an der Uni Michigan Fragen eingereicht werden, die der wichtigste Währungshüter der Welt beantwortete. „Wir sind etwas altmodisch“, meinte er dazu lakonsich. „Aber wir kommen voran.“

Associated Press
US-Notenbankchef Ben Bernanke stand an der Uni Michigan Rede und Antwort – auch für Internet-Nutzer.

Bernanke hat damit innerhalb der verstaubten und geheimbündlerischen Welt der Notenbanker eine kleine Revolution eingeläutet, die dem professoral auftretenden 59-Jährigen so keiner zugetraut hatte. Er hat das Erbe einer Kaste ausgeschlagen, deren letzter dieser Art sein Vorgänger Alan Greenspan gewesen ist: Vieldeutige Orakel.

Greenspan verkündete seine Einfälle zur Geldpolitik, die ihm unter der Dusche gekommen waren, murmelnd, nuschelnd und am liebsten nichtssagend. „Ich sollte sie warnen – falls ich mich besonders klar ausgedrückt haben sollte, haben sie mich wahrscheinlich missverstanden“, ist sein bekanntestes Zitat. Gegen die Fed-Entscheidungen waren die Kommuniquees des Kremls zu Sowjetzeiten Offenbarungen einer klaren Sprache. Das kommunikationswissenschaftliche Axiom „Man kann nicht nicht kommunizieren“ schien für die Zentralbankwelt außer Kraft gesetzt.

Dem hat Bernanke ein Ende gesetzt. Er hat sich auch dafür stark gemacht, klare Zeiträume zu benennen, wie lange Zinsen niedrig bleiben und wie stark die Arbeitslosigkeit sinken soll. Ob er bald selbst in die Tasten hauen wird, um die Welt mit 140 Zeichen langen Nachrichten zu überraschen, steht aber noch in den Sternen. Das überlässt er anderen, die sich in Fake-Accounts über die 1-Billion-Dollar-Münze lustig machen oder Häme gegen den Bundesbankchef verteilen.

Am meisten, erklärte Bernanke, interessiere er sich unter den neuen Medien für Blogs über Baseball. Aber er scheint auch ab und zu in Foren über die Geldpolitik zu lesen. „Das Internet ist eine gute Plattform für den intellektuellen Austausch.“

Die Fed ist etwas altmodisch. Aber sie kommt voran.

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Die Seite Drei – Über uns

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search
IMAGE 1 of 16

Hungary Blinks as Migrants Flee

Hungary said Friday it would provide buses to take migrants to the Austrian border after a stream of people who have been stranded in the country for days set out for the border on foot. Austria and Germany agreed to allow in the refugees. 243

London Jewel Thieves Plead Guilty in Easter Heist

Four men pleaded guilty on Friday to conspiracy for a jewel heist in London’s Hatton Garden diamond district over the Easter weekend.

U.S. Veterans Who Fight ISIS

A former Army Ranger and a decorated Marine are among U.S. veterans volunteering to join Kurdish fighters against Islamic State in Syria. 66

Clashes in Tajikistan Leave 17 Dead

An outbreak of violence in Tajikistan left 17 people dead on Friday, raising fears of a return to unrest in a Central Asian nation still scarred by civil war.

Google Pursuing a Return to China

Google is in talks with the Chinese government and handset makers about launching a new Android app store there, a move that would mark the company’s return to China.

Blurry Job Picture Poses Test for Fed

U.S. employment growth slowed in August but the jobless rate fell to the lowest level since 2008, a mixed labor-market reading less than two weeks before a crucial Federal Reserve meeting. 231

Judge Orders Credit Suisse to Pay Highland $287.5M in Suit Over Loan

A judge on Friday said Credit Suisse must pay a unit of Highland Capital Management $287.5 million over a soured real-estate loan, a win for James Dondero’s hedge-fund firm in its multipronged fight against the Swiss bank over luxury developments.

Putin Pitches for Foreign Investment in Russia’s Far East

Russian President Vladimir Putin has made a pitch for greater investment in his country’s resource-rich Far East region, despite a slowdown in the Chinese economy that has shaken global markets.

G-20 Increasingly Concerned About Slowing Chinese Economy

China’s market routs and a string of weak data are fueling concern among Group of 20 officials that a slowing Chinese economy could fuel further market instability and push global growth deeper into a long-term rut.

Scandals Upend Guatemala’s Presidential Election

Guatemalans go to polls Sunday to vote for a new president amid a wave of popular anger over politics as usual, days after the resignation of President Otto Pérez Molina amid a corruption scandal.