New Iphones Draw Lines Around The World

Obama Endorses Bill De Blasio For New York City Mayor

(JANEK SKARZYNSKI/AFP/Getty Images) Sheik Hamad bin Khalifa Al Thani, Amir Of Qatar President Barack Obama shakes hands with Sheik Hamad bin Khalifa Al Thani of Qatar during their meeting in the Oval Office of the White House in Washington, Tuesday, April 23, 2013. (AP Photo/Pablo Martinez Monsivais) Traian Basescu, President Of Romania U.S. President Barack Obama (R) greets Romania’s President Traian Basescu before a dinner at the US Ambassador’s residence in Prague on April 8, 2010. (JEWEL SAMAD/AFP/Getty Images) Vladimir Putin, President Of Russia President Barack Obama shakes hands with Russias President Vladimir Putin in a bilateral meeting during the G20 Summit, Monday, June 18, 2012, in Los Cabos, Mexico. (AP Photo/Carolyn Kaster) Abdullah bin Abdulaziz Al Saud, King Of Saudi Arabia U.S. President Barack Obama shakes hands with King Abdullah bin Abdulaziz Al Saud of Saudi Arabia during meetings in the Oval Office at the White House in Washington, DC, June 29, 2010. (SAUL LOEB/AFP/Getty Images) Lee Hsien Loong, Prime Minister Of Singapore President Barack Obama shakes hands with with Singapore Prime Minister Lee Hsien Loong during their meeting in the Oval Office of the White House in Washington, Tuesday, April, 2, 2013. (AP Photo/Pablo Martinez Monsivais) Fredrik Reinfeldt, Prime Minister Of Sweden U.S. President Barack Obama shakes hands with Sweden’s Prime Minister Fredrik Reinfeldt (L) during meetings in the Oval Office of the White House in Washington, DC, November 2, 2009. (SAUL LOEB/AFP/Getty Images) Yingluck Shinawatra, Prime Minister Of Thailand U.S. President Barack Obama, left, and Thai Prime Minister Yingluck Shinawatra shake hands following the conclusion of their joint news conference at Thai Government House in Bangkok, Thailand, Sunday, Nov. 18, 2012. (AP Photo/Pablo Martinez Monsivais) Abdullah II, King Of Jordan FILE – In this March 22, 2013, file photo, President Barack Obama, left, and Jordan’s King Abdullah II, right, shake hands following their joint new conference at the King’s Palace in Amman, Jordan.

Why the New York Press Misread the Primary

“That’s the only reason I’m in line, so I can get it on day one,” he said. “They definitely screwed it up for a few of us by not preselling the 5S.” Others brushed off that inconvenience, focusing instead on the new features. Ana Ramirez, who began waiting on line in New York at 4 a.m., said she was excited to try out the new Touch ID fingerprint sensor on the 5S. “I get the iPhone every year. It’s just the best phone, hands down. Apple made it, so I know it will be the best,” she said. iPhone fans wait for hours for the new 5S Not everyone waiting in line will get an iPhone on Friday. Apple Stores usually have the most in stock, but they also draw the longest lines. The gold iPhone 5S seemed to be the most popular choice for the iPhanatics. Georgia Tech student Chance Shafor, the first in line in Atlanta’s Lenox Square, said he wants a gold iPhone 5S because it’s “new and shiny.” Retailers including Best Buy ( BBY , Fortune 500 ) will also have the new iPhones, as will carriers AT&T ( T , Fortune 500 ), Verizon ( VZ , Fortune 500 ), Sprint ( S , Fortune 500 ) and T-Mobile ( TMUS ). But their inventory usually sells out more quickly. Related story: Pay someone to wait in line for your new iPhone 5S sells out in London: Scores of Apple fans in London went home disappointed after the iPhone 5S sold out at the city’s flagship store in under two hours. The gold version of the 5S was first to go as several thousand people lined up outside the store on Regent Street. After standing in the queue for six hours, London university student Waleed Tariq was pleased to have snapped up a 5S, dismissing the more affordable model.

New York Fed Completes Test of Fixed-Rate Reverse Repo Facility

The Fed allotted $11.8 billion in overnight reverse repos through the facility at a fixed-rate of 0.01 percent. The operation was open to the Feds 139 tri-party reverse repo counterparties, which includes 94 money market mutual funds, six government-sponsored entities, 18 banks and the Feds 21 primary dealers. Each eligible counterparty was limited to a maximum bid amount of $500 million. The collateral for the transactions was limited to Treasury debt. This exercise is not intended to materially affect the current level of short-term interest rates, the New York Fed said in a statement on Sept. 20. This work is a matter of prudent advance planning and do not represent a change in the stance of monetary policy, the statement said. Fed policy makers, while still buying bonds to support the economy, have also been developing methods to eventually help withdraw record monetary accommodation. Along with raising the overnight bank lending rate, Fed officials have said they may use tools including reverse repos to withdraw or neutralize cash in the banking system. In a reverse repo, the Fed lends securities for a set period, temporarily draining cash from the banking system. At maturity, the securities are returned to the Fed, and the cash to its counterparties.

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Whatever her real sentiments, she let herself become the candidate of the 1 percent, and that would have doomed her even if she’d been a straight man. The New York press was predictably tardy about noticing this trend. It failed to detect the scope of class resentment among Democratic voters. Under Bloomberg, neighborhood after neighborhood has become a hip playground for the rich. Many working and middle class people feel shut out of their city. Yet the dailies missed this story until it smacked them in the face. As de Blasio’s numbers rose, the press began to notice him, but the underlying issue of class was not addressed. He was accused of taking contributions from slumlords (the News) and chided for being a Boston Red Sox fan (the Times). But his ideas were briskly dismissed. “Tired,” a News editorial called his tale-of-two-cities theme. “Divisive,” snarked the Post. At his victory rally, a Times reporter noted “the well-worn liberal script” of his speech. We’re supposed to have an ideologically diverse press, but in this case all the papers agreed.