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EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with a migration crisis, as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Striking Workers Block French Port

The labor dispute is preventing travelers from boarding ferries on both sides of the English Channel.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Modi Changes Course on Land Acquisition

Indian Prime Minister Narendra Modi said he would not renew a contentious executive order aimed at making it easier for the state to acquire land for infrastructure and industry.

China ‘Punishes' Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin.

Thousands Without Power After British Columbia Storm

Emergency crews were working to clean up in the aftermath of a vicious windstorm that tore through southwestern British Columbia, leaving an estimated 500,000 people without electricity.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

Shanghai Stocks Begin Down

Asian markets are struggling to shake off a global selloff, despite a bounce in China shares at the end of last week. Shanghai was recently down about 2%.

BNY Mellon’s Pricing Problems Persist

Executives at Bank of New York Mellon Corp. are racing against the clock to make it through a backlog of pricing issues before the markets open Monday morning.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 82

In Japan, Foreigners Fill Workforce Gaps

Non-Japanese are taking a bigger role in powering Japan’s economy, as a labor shortage impels the nation to overcome its longstanding resistance to foreign workers.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Technology

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Arts

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Video Music Awards 2015

Kanye West gave a long rant at the MTV Video Music Awards as he apologized to Taylor Swift for taking her microphone in 2009. Swift presented West with the Michael Jackson Video Vanguard Award. Earlier, she and Nicki Minaj buried their beef by joining forces onstage.

Oliver Sacks Dies at 82

Dr. Oliver Sacks, the author and neurologist who explored links between the brain and human experience in books like “Awakenings,” has died. He was 82.

Video

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Buzz Aldrin Developing Plan to Colonize Mars

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Jason Gay

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The U.S. Open has become a showcase for what tennis can be in America. The tournament, which begins Monday at the Billie Jean King National Tennis Center, has the legendary King’s fingerprints all over it, Jason Gay writes.

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Außerirdisch gute Siemens-Werbung

Ursula Quass/TheWall Street Journal
Der Mars-Rover Curiosity ist seit August auf dem roten Planeten unterwegs und jetzt auch auf dem Münchner Odeonsplatz – hier allerdings nicht im Auftrag der Nasa, sondern als Werbebotschafter von Siemens.

Schlechte Presse hatte Siemens in letzter Zeit genug: Pannen und millionenschwere Abschreibungen auf verpatzte Großprojekte, Spekulationen über einen deutlichen Abbau von Arbeitsplätzen zur Kostensenkung und bisweilen heftige Kritik am Management bei der Hauptversammlung. Und auch wenn Siemens zuletzt kaum jemanden davon überzeugen konnte, dass der Technikriese Großprojekte tatsächlich kann, eines beherrscht der Konzern in jedem Fall: Werbung in eigener Sache.

Am Mittwoch durften die rund 8.100 Aktionäre bei der Hauptversammlung in der Münchener Olympiahalle das mit Siemens-Spezialsoftware entwickelte Mars-Erkundungsfahrzeug „Curiosity“ bestaunen. Jetzt wird er auch dem gemeinen Fußvolk gezeigt. In zentraler Lage, mitten auf dem Odeonsplatz in der Altstadt, lockt ein Modell in Originalgröße einen Tag lang einen steten Besucherstrom zu dem rund 250 Kilogramm schweren Gefährt. Das Original ist seit dem 5. August auf dem Roten Planeten tätig und mit seinen gut 900 Kilogramm noch einmal ein ganzes Stück schwerer. Mit seinen verschiedenen Messgeräten und Werkzeugen ist es nach Siemens-Angaben der „am weitesten entwickelte Rover, der je zum Mars geschickt wurde“.

Die Siemens-Software kam dabei schon lange vorher zum Einsatz. Mit ihrer Hilfe wurde das Ungetüm auf Rollen am Computerbildschirm entworfen, virtuell zusammengebaut und seine Funktionen simuliert, bevor es überhaupt einen ersten Prototypen gab. Das für einen Tag in der Münchener Innenstadt aufgestellte Modell ist eine Leihgabe der US-amerikanischen Luft- und Raumfahrtbehörde Nasa, die Siemens mit der Entwicklung der Software beauftragt hatte. „Wir möchten damit zeigen, was unsere Kunden mit unserer Software leisten können“, sagt ein Siemens-Mitarbeiter mit unüberhörbarem Stolz in der Stimme.

Eine Leistungsschau, die Siemens durchaus nötig hat. Schließlich steht nach den Pannen bei der Anbindung von Windparks vor der Küste und der mehrfach verschobenen Auslieferung von ICE-Zügen der neuesten Generation neben dem Projektmanagement der Münchener auch deren vielbeschworene Technologieführerschaft im Zentrum kritischer Fragen.

Nachdem „Curiosity“ schon beim Aktionärstreffen seinem Namen alle Ehre gemacht und zahlreiche Neugierige angezogen hatte, wollte Siemens das futuristische Vehikel nun auch einer größeren Öffentlichkeit zugänglich machen, wie der Mitarbeiter erläutert. Auch er hat den Rover heute zum ersten Mal in Originalgröße gesehen. „Er ist erstaunlich groß“, zeigt er sich überrascht.

Ein Eindruck, den viele am Odeonsplatz haben. „Ich wundere mich, dass der so groß ist“, sagte etwa Jan Opalka. Der junge Mann ist in der Mittagspause zufällig vorbeigekommen. Hubert und Gisela Mark sind dagegen extra in die Innenstadt gefahren. „Wir haben gar nicht gewusst, dass Siemens so etwas auch macht“, zeigen sie sich beeindruckt. Von der Konzern- und Aktienentwicklung sind die beiden Kleinaktionäre dagegen weitaus weniger überzeugt. „Die Aktie steigt halt nicht so toll“, kritisiert Gisela Mark. An einen Verkauf denken die beiden aber nicht. „Die lassen wir im Depot liegen, wir hoffen ja. Technisch ist Siemens ja weit vorn – wer auch sonst“, sagt sie noch und widmet sich dann wieder ihren Betrachtungen.

Auch eine ehemalige Siemens-Mitarbeiterin, die ihren Namen lieber nicht lesen will, mustert das Raumfahrzeug von allen Seiten ganz genau. „Ich bin am Heimweg von einem Seminar extra ausgestiegen und hergekommen. Meiner Kollegin war das zu viel Aufwand. Sie hat aber gesagt, ich soll mir alles gut anschauen, damit ich das morgen genau beschreiben kann“, lacht sie. Der Umweg habe sich auf jeden Fall gelohnt, schließlich habe sie sich „Curiosity“ viel fragiler und „mehr so puppenstubenmäßig“ vorgestellt. „Die Produkte bei Siemens sind ja gut, aber drumherum, wo’s menschelt, da wird’s schwierig. Die berappeln sich aber wieder, Siemens kann ja auch nicht immer oben sein“, ist auch sie für die Zukunft optimistisch.

Potenziellen Nachwuchs-Aktionären wie dem vierjährigen Paul sind solche Überlegungen ohnehin egal. Er bohrt mit seinen Fingern fröhlich in dem rund um das Gefährt aufgeschütteten Sand. Eine klare Meinung zu dem Hightech-Gerät hat aber auch er: „Der ist toll“, sagt er mit glänzenden Augen.

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    • Yb0SMh imclvteeueoz

    • Cheap labor is anethema to inotvanion. Why invest in capital equipment to make labor more productive, if I can rent cheap labor to do it by hand?The Romans had the steam engine, but it was never developed because 1/3 of the Romans were slaves.How many Mexicans have been sent back? The Bush Administration has had almost zero workplace enforcement of immigration laws. It is a disgrace, but that's what you get when the Chamber of Commerce is running the country. Even if your theory is correct (and it isn't), there are more Mexicans living in the US today (June 12, 2008) than at any time in our history, so lower end properties should be selling as soon as they hit the market.Recessions are caused by excessive debt to GDP production. They always have been and always will be. Debt needs to be worked out, and that is the job of the recession.This recession is long overdue. The debt/GDP ratio is off the charts and in record territory, and we technically are not in a recession. When the GDP drops, the ratio will spike even higher.Cheap labor is always a short-term benefit, and a long term problem.HI-B visas make American sources of IT harder to come by, thus requiring the need for more HI-Bs, which disincentifies kids to want to go into IT, which makes Bill Gates lobby for more HI-B Rate this comment: 0 0

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The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

EU Ministers Push for Action on Migrant Crisis

Germany, France and the U.K. pushed for a faster response in dealing with a migration crisis, as Hungarian police detained a fifth person in connection with the deaths of 71 migrants found in a truck in Austria.

Striking Workers Block French Port

The labor dispute is preventing travelers from boarding ferries on both sides of the English Channel.

Meet the Private Watchdogs Policing Finance

The use of outside monitors to police financial institutions that have misbehaved has exploded in recent years, sometimes generating friction.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year.

Crises Put First Dents in Xi Jinping’s Power

Before a planned visit to the U.S., the Chinese president’s image as a bold leader is being undermined by his botched handling of the stock market rout and the country’s economic slowdown.

VW Is Told to Shed Suzuki Stake

An international court has ordered Volkswagen of Germany to sell its nearly 20% stake in Suzuki, allowing the Japanese auto maker to extricate itself from the tie-up after a four-year struggle.

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

At Least 11 Die in Saudi Arabia Fire

A large fire at a residential compound of Saudi Arabia’s state-owned oil giant killed at least 11 people and injured more than 200, officials said. The cause of the fire was unknown.

Modi Changes Course on Land Acquisition

Indian Prime Minister Narendra Modi said he would not renew a contentious executive order aimed at making it easier for the state to acquire land for infrastructure and industry.

China ‘Punishes' Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin.

Thousands Without Power After British Columbia Storm

Emergency crews were working to clean up in the aftermath of a vicious windstorm that tore through southwestern British Columbia, leaving an estimated 500,000 people without electricity.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

Hip-hop producer Irv “Gotti” Lorenzo, center, is seen in 2007. He calls himself a Signature Bank customer for life after the bank stood by him when he was facing money-laundering charges.

The Only Bank This Hip-Hop Mogul Will Use

Low-profile Signature Bank has become one of the nation’s fastest-growing lenders, attracting a fan base ranging from hip-hop mogul Irv “Gotti” Lorenzo to former Congressman Barney Frank

Buying the Dips Doesn’t Work for Everyone

The old strategy of buying the dips may not work for everyone. In fact, for some people, it could be disastrous, writes Jason Zweig.

Shanghai Stocks Begin Down

Asian markets are struggling to shake off a global selloff, despite a bounce in China shares at the end of last week. Shanghai was recently down about 2%.

BNY Mellon’s Pricing Problems Persist

Executives at Bank of New York Mellon Corp. are racing against the clock to make it through a backlog of pricing issues before the markets open Monday morning.

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 82

In Japan, Foreigners Fill Workforce Gaps

Non-Japanese are taking a bigger role in powering Japan’s economy, as a labor shortage impels the nation to overcome its longstanding resistance to foreign workers.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

Ageas to Sell Hong Kong Life Insurance Business

Belgian insurance company Ageas said Sunday it will sell its Hong Kong Life insurance business to Chinese asset-management firm JD Capital for €1.23 billion.

Technology

Apple’s Ad Blockers Rile Publishers

Apple’s move to make it easier to block ads on iPhones and iPads is troubling publishers and heightening tensions with its Silicon Valley neighbors like Google.

Arts

IMAGE 1 of 12

Video Music Awards 2015

Kanye West gave a long rant at the MTV Video Music Awards as he apologized to Taylor Swift for taking her microphone in 2009. Swift presented West with the Michael Jackson Video Vanguard Award. Earlier, she and Nicki Minaj buried their beef by joining forces onstage.

Oliver Sacks Dies at 82

Dr. Oliver Sacks, the author and neurologist who explored links between the brain and human experience in books like “Awakenings,” has died. He was 82.

Video

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

Buzz Aldrin Developing Plan to Colonize Mars

1:09