1. P2JW281060-4-A00100-1001FF7FFFF 10/08/2009 AZ,EE,MW,NY,SC,SW,WE
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DJIA 9725.58 t 5.67 –0.1% NASDAQ 2110.33 s 0.3% NIKKEI 9799.60 s 1.1% DJ STOXX 50 2424.84 t 0.5% 10-YR TREAS s 20/32, yield 3.175% OIL $69.57 t $1.31 GOLD $1,043.30 s $4.70 EURO $1.4680 YEN 88.64
Offshoring Your Pregnancy
In the U.S., the cost
of conceiving a
New Math Boosts Health Plan
child with a
Budget Office Says Senate Bill Will Trim Deficit; Democrats Still Split on Key Details
surrogate can be By Janet Adamy dents, up from about 83% cur- shifted their focus to what the
daunting. And Jonathan Weisman rently. The bill will cut the defi- bill will look like rather than Take Two
cit by $81 billion over the 10-year questioning whether a measure
Estimates of the Senate Finance
Increasingly, The latest Senate health bill period, owing to trims in Medi- can succeed.
Committee health-care bill
hopeful parents are will cost $829 billion over a de- care spending and new taxes. But plenty of potential pit-
Clare Arni
The widely awaited report falls remain. Democrats are still PREVIOUS REVISED
cade and slightly reduce the fed-
heading to India. D1 eral budget deficit, congres- paves the way for the Senate Fi- divided over core elements, in- 10-year $774 $829
sional budget crunchers said nance Committee to approve its cluding whether to create a pub- cost billion billion
Wednesday, marking a major bill in the next few days. lic health insurance plan and
step forward for Democrats’ After appearing in peril in Au- how to pay for the overhaul. The Percent
insured*
94% 94%
plans to overhaul American gust, the health-care overhaul hospital industry, a key ally, says
What’s News– health care.
The nonpartisan Congres-
sional Budget Office found the
sweeping measure will cover
has cleared a series of hurdles in
recent weeks that have given
Democrats increased confidence
they will pass a bill. Lobbyists on
Please turn to page A4
n Measuring the economic impact
Effect
on deficit
*By 2019
$49B
lower
Source: Congressional Budget Office
$81B
lower
i i i i i i
94% of nonelderly legal U.S. resi- both sides of the issue have of health care .................................A2
7 Business&Finance World-Wide 7
T he Justice Department
is investigating allega-
tions that IBM has monopo-
n Democrat leaders pressed
for stimulus extensions.
Amid concern that the econ-
‘The Trials They Will Hurl at Me Are Real Farces’ Drought
lized the mainframe computer omy isn’t creating jobs, Pelosi
market, broadening an ag-
gressive government search
and Reid went to the White
House to lobby for an exten-
Of Credit
for anticompetitive behavior sion of a tax credit for first-
in the technology industry. B1
n The EU signaled that it
time homebuyers and for tax
credits for employers who hire
Hampers
would accept a settlement pro- new workers. A push toward a
posal by Microsoft and wrap
up its antitrust case against
new jobs bill could open Demo-
crats to GOP charges the stimu-
Recovery
the company by year end. B9 lus package isn’t working. A4
The CBO estimated the fiscal A year after the U.S. econ-
n Alcoa reported a third-
2009 federal deficit at $1.4 tril- omy was brought to its knees by
quarter profit, buoyed by
lion, the largest as a percent- the bursting of the housing bub-
cost-cutting efforts and glim-
age of GDP since World War II. ble, credit for consumers is still
mers of increasing demand
being aggressively ratcheted
for aluminum. The results re- n Gates forwarded a request
back.
versed a string of losses. B1 for more troops in Afghani-
stan to Obama amid increas-
n Stocks ended little changed By Tom Lauricella,
ing skepticism over the war
as investors paused after two Jason Zweig and
on its eighth anniversary. A8
days of gains. The Dow Jones Conor Dougherty
industrials slipped 5.67 n The U.S. is asking Iran to im-
points, or 0.1%, to 9725.58. C1 mediately free two jailed for- Total consumer credit out-
eign nationals, even as Washing- standing, which includes every-
n An outside review of Citi-
ton pursues nuclear talks. A12 thing from credit-card debt to
group’s management team
n Iran accused the U.S. of a loans for recreational vehicles,
gave strong overall marks but
role in the disappearance of fell $12 billion in August, or at a
said some shuffling of senior
one of its nuclear scientists 5.8% seasonally adjusted annual
executives might be needed. C1
during a Saudi pilgrimage. rate, the Federal Reserve re-
n Latvia’s woes prompted ported Wednesday.It was thesev-
Agence France-Presse/Getty Images
n A Nobel Prize in chemistry
currencies to fall against the enth straight month of declines,
was awarded to two Ameri-
euro, as revised GDP mea- the longest stretch since 1991.
cans and an Israeli for ribo-
sures indicated economic fra- Thedrop is a stark demonstra-
some research being used to
gility throughout Europe. A9 tion of how banks and other lend-
develop new antibiotics. A5
ers are scaling back, owing to
n ConocoPhillips will slash
n The Senate health bill will their own exposure to the strug-
spending and sell about $10
cost $829 billion over a decade gling real-estate market. But it
billion worth of assets as it
and slightly reduce the bud- also reflects a reluctance by
scales back operations in the
get deficit, the CBO found. A1 Americans to hold big loads of
face of weak demand. B4
DEFIANT ONE: Prime Minister Silvio Berlusconi, walking to a meeting in Rome, denounced a court ruling that debt at a time when the job mar-
n An Italian court struck
n GM is falling short on sev- will likely require him to stand trial on corruption charges. ‘Long live Italy!’ he said. ‘Long live Berlusconi!’ A10 ket remains in bad shape and the
down an immunity law protect-
eral goals it plans to meet by value of their homes has fallen.
ing Berlusconi, likely restart-
year end, including worker Revolving credit, consisting
ing two corruption trials. A10
reductions and the sale of fail- mostly of credit-card charges,
ing brands, its CEO said. B2
n BlackRock is a contender
for the prestigious job of help-
n The Supreme Court seemed
inclined to permit a cross to re-
main standing in California’s
GOP Faces Multiple Hurdles fell at a 13% annual rate, the Fed
said. Nonrevolving credit,
which includes auto loans, slid
Mojave National Preserve. A5 by $2.1 billion, or at a 1.6% an-
ing state regulators size up risk
in insurers’ investments. C1
n Two federal regulators
n Democrats defeated a GOP
effort to remove Rangel from
the House tax-writing panel
As It Aims for a 1994 Replay nual rate. That was smaller than
the previous months’ declines,
but it came in a month when the
Please turn to page A6
criticized parts of Rep. Bar-
over alleged ethical issues. A5
ney Frank’s proposal to over- By Gerald F. Seib that a new president’s party al- and Democrats lost 22 of those
haul financial regulation. C3 n Aid workers delivered food most always loses seats in the spots. Incumbentsstand afar bet-
and water for the first time to A big question hangs over first election after he takes office, terchanceofhangingonin apolit- n Getting a look at your credit
n The Commerce Department
Indonesian villages cut off by American politics: Could next and leaders of both parties now ical storm than do newcomers. In score, for free ..................................D1
began an investigation into
quake-triggered landslides. year be 1994 all over again? agree Democratic losses appear addition,Mr.Obama, forall hisre-
whether to impose antidump-
That was the year a bitter de- inevitable in the 2010 congres- cent troubles, hasn’t slumped in
ing duties on imports of some n The USOC’s chief said she
bateoverhealthcareledtoadisas- sional election. Even some high- popularity as far as President Bill Cutting Debt
steel pipes from China. A6 will step down in the wake of
trous congressional election for profile Democrats, such asSenate Clinton did then, at least so far.
n Canada launched a dispute- Chicago’s defeat in the contest Total consumer credit
Democrats, in which they lost 54 Majority Leader Harry Reid and And while Democrats’ fund-rais-
settlement process at the to host the 2016 Olympics. A3 outstanding, change from
House and 10 Senate seats and Banking Committee Chairman ing lead has slipped in recent
WTO over the U.S.’s country- a year earlier
n Diplomats from nations ceded control of both chambers Christopher Dodd, face tough weeks, they have built up an ad-
of-origin labeling law. A9
across the Americas told Hon- to the Republicans. fights. vantage in campaign cash. $150 billion
n Gianni Versace has closed duras’s government to rein- Things have started to look The election is still a year Perhaps as important, Demo-
its boutiques in Japan, a sign state ousted President Zelaya. similar under Democratic Presi- away and pressing issues such as cratic leaders have warned law- 100
of how one big luxury market dent Barack Obama. His poll rat- the health overhaul, the lagging makers earlier this time to start
n A Justice Department poll 50
is starting to lose its luster ings slipped through the summer economy and the future of the Af- preparing for a tough fight; in
found that most children in
with some luxury brands. B1 months, his party was damaged ghan war could tip the balance. 1994, by contrast, even some 0
the U.S. are exposed to vio-
n U.S. retail-vacancy rates by a bruising health-care debate, Yet, there are some little-under- prominentDemocratsdidn’t real-
lence in their daily lives.
hit a multiyear high in the third and the latest Wall Street Jour- stood forces that suggest a full re- ize until late in the game that they –50
quarter, adding to pressure n Three earthquakes rocked nal/NBC News poll shows the job- peat of 1994 is unlikely. were in trouble.
on shopping-mall owners. A2 the South Pacific, generating approval rating for the Demo- For the moment, all but nine No one has less room for com- –100
a small tsunami. There were cratic-controlled Congress has House Democrats have said they placencythanthe49HouseDemo- –150
n The head of the FCC said
no reports of damage. A12 slumped to 22%—almost pre- are defending their seats, far crats who won their seats in 2008 2007 ’08 ’09
the agency is looking for
cisely where it was at this time in more than in the 1994 cycle, when in districts carried by Republican
ways to make more airwaves n The EPA is launching a Note: Seasonally adjusted
the 1994 election cycle. 29 incumbent House members in presidential nominee Sen. John Source: Federal Reserve
available for next-generation probe into whether the
Combine that with the fact the party vacated their seats— Please turn to page A14
wireless networks. A6 herbicide atrazine causes
cancer and birth defects. A5
n Dell is planning to intro-
duce a smart phone using n Guinea’s opposition de-
There Once Was a Football Game
Sun Runs Oracle
Google software on the manded the country’s military
AT&T cellular network. B9 leader step down before it will
n Amazon trimmed $40 off
hold talks with the junta. A12 With Nantucket...
Twice as Fast
i i i
the price of its Kindle e-reader n Died: Irving Penn, 92, fash-
and introduced a version of ion, celebrity and still-life
the device with international photographer, in New York. Island and Rival Martha’s Vineyard Won’t Play
wireless service. B9 WSJ.com/Lifestyle
7 This Year, Putting Tradition’s Future in Doubt 7
as IBM’s Fastest Computer
Vital Signs By Jason Gay
Average annual spending n Americans are still NANTUCKET, Mass.—For
Win
Toys, hobbies, etc. spending on their kids. the first time in nearly half a cen-
Clothing for children under 2 Even during the worst re- tury, Nantucket and Martha’s
cession in decades, U.S. fam- Vineyard won’t play each other
$600
ilies spent the same
amount of money on cloth-
in football this fall. One of the
fiercest and most idiosyncratic
rated the route from the ferry
dock to the gridiron in either $10 Million
ing for young children last high-school rivalries in America Vineyard purple or Nantucket
400
year, despite cutting way is suspended because of hard Whalers navy and white. When If your database application
back on overall apparel times, missed signals and the en- the Vineyard won, firetrucks does not run twice as fast on
spending. In 2008, families croachment of other sports, would loudly greet the ferry on SUN hardware. IBM, you’re
200
also shelled out $144 more with no firm plan to resume. its return, their lights swirling welcome to enter.
per household on extras “It doesn’t feel right,” said and horns blazing. The contest
0 such as toys and play- has been chronicled in the pages
16-year-old DuVaughn Beck-
’00 ’02 ’04 ’06 ’08 ground equipment, as com- ford, Nantucket’s starting run- of the New Yorker and Sports Il-
pared with 2007. ning back. “Regardless of lustrated.
Source: Bureau of Labor Statistics
whether we won or lost, it was “We don’t have a lot of tradi-
Follow the news all day at WSJ.com the game we looked forward to.” tions left,” said Michael McCar-
The two Massachusetts is- thy, a guidance counselor at the
CONTENTS Opinion ..................A15-17 lands have played each other in Vineyard's high school and
> Currents .......................A13 Sports ...............................D8 former assistant football coach
football at least once a season
Health & Family .......D4 Stocks in the News ..C6
Heard on the Street ..C10 Style ..................................D6 since 1960. Opposing fans trav- who has played Nantucket and See website for details and official rules:
oracle.com/exadatachallenge. Award for first
Leisure & Arts ...........D7 Technology ....................B9 eled to the host island on a char- also watched his sons play the eligible, successful applicant only. Terms, conditions
and restrictions apply. Offer expires January 1, 2010.
Media & Marketing ...B5 Weather Watch .....B10 tered ferry, disgorging passen- Whalers. “This game wasn’t for
Personal Finance ......D2 World News .........A8-12 gers at the terminal like spirited the tourists. It was for island
Copyright © 2009, Oracle. All rights reserved.
s Copyright 2009 Dow Jones & Company. All Rights Reserved invaders. Cheerleaders deco- Please turn to page A14
Composite CYAN
MAGENTA
YELLOW
BLACK P2JW281060-4-A00100-1001FF7FFFF 6803066