Central Europe Is A Ready Market For U.s. Gas

France s CAC 40 rose 1.2 percent. Debt Ceiling The Stoxx 600 lost 1.5 percent in the first three days of the week as a partial shutdown of the U.S. government continued. President Barack Obama refused to negotiate over preconditions for the House of Representatives to authorize government spending and an increase in the $16.7 trillion borrowing limit. Obama warned the worlds biggest economy would slide into a recession if lawmakers failed to raise the ceiling. Without Congressional action, the U.S. would exhaust its borrowing authority by Oct. 17, according to the Treasury Department. Stocks reversed losses as signs of a temporary resolution to the fiscal impasse emerged later in the week when House Republicans proposed a short-term increase to the debt ceiling that would buy the government time until Nov. 22 to conclude a longer agreement. Stimulus Architect Obama on Oct.

Off to Europe

We have long recognized the importance of reducing dependence on a single source of gas and are eager to achieve real competition. The U.S. natural gas boom raises the prospect of a reliable trade partner for our region. But as things stand, U.S. regulations make exporting gas cumbersome, unpredictable and strategically counterproductive. U.S. companies seeking to export gas to countries that do not have free-trade agreements with the United States are subject to lengthy bureaucratic procedures. Almost two dozen export license applications are pending ; only a few have been granted in the past three years. This regulatory obstacle is the main bottleneck to increased U.S. gas trade with NATO members and Japan. Energy Secretary Ernest Moniz pledged this summer to make decisions on additional export licenses by the end of the year. Meanwhile, several members of Congress, including Sens. John Barrasso (R-Wyo.) and Lisa Murkowski (R-Alaska) and Reps. Ted Poe (R-Tex.) and Mike Turner (R-Ohio), have taken the lead in recognizing this opportunity and advocate measures that would help to expedite liquefied natural gas exports to U.S. allies.

In Cannes last year, there was a 50,000 euro buy-in nonbracelet event that attracted 49 players. This year, WSOP organizers have lowered the buy-in to 25,600 euros and put a bracelet up for grabs. High-roller events are becoming more and more commonplace, but given the talent that fills the fields in these events, they tend to be a poker fan’s dream. This will fourth largest buy-in bracelet event in WSOP history and the biggest ever outside Las Vegas. The event takes place after the two Day 1s of the main event, ensuring that big-name players busting out of the main event still have a shot at a bracelet and bragging rights. Be warned though, given recent history, a German is going to win this thing. 5. Player of the Year Chase Ever since BLUFF began powering the WSOP Player of the Year standings, the race has come down the WSOP main event final table. Ben Lamb and Greg Merson both won big buy-in events prior to making their deep run and November Nine appearances in 2011 and 2012, respectively. Lamb beat out Phil Hellmuth for the award in 2011 by finishing third in the main event, and last year, Merson needed to win the main to capture the title. The November Nine this year has nobody in contention for Player of the Year, even with the 500 points awarded to the eventual winner. That could quickly change in Paris. If any of the November Nine have a significant finish or, even better, win a bracelet, then the race gets crazy.

Sony’s smartphone focus shifts to Japan, Europe, says CEO

Sony’s smartphone focus shifts to Japan, Europe, says CEO Kazuo Hirai says that, for now, his company will attempt to appeal to customers in Japan and Europe rather than in the US and China. October 11, 2013 6:43 AM PDT Sony chief Kazuo Hirai holding one of his company’s smartphones. (Credit: CBS Interactive) Sony’s attempt to reassert itself in the smartphone market will start outside the US. Sony CEO Kazuo Hirai told reporters on Friday that his company’s smartphone-related resources will be dedicated to Europe and Japan. According to Reuters , which was in attendance at the talk, Sony’s smartphone division has no big plans for the US and China. Related stories Game console updates will come faster, GameStop CEO predicts “It’s not realistic to try to do everything at once,” he said, according to Reuters. “In the US, we’ll start gradually.” Hirai’s decision is not necessarily surprising. Sony has little market share in the US or China, but has been able to at least make a dent in Europe and Japan, its home country. Mobile was cited earlier this year by Hirai as one of the keys to reviving the slumping Sony, but so far, the effort has been slow going. Just about every other major smartphone maker is trying to establish a foothold in the US and the increasingly lucrative Chinese market. Hirai ostensibly hopes his mobile plans could help Sony gain ground in area his competitors might be overlooking. Topics: