******** JobsReturn To Peak,butonline.wsj.com/public/resources/documents/pageone...year,007 loads up...

Preview:

Citation preview

YELLOW

VOL. CCLXIII NO. 132 * * * * * * * *

SATURDAY/SUNDAY, JUNE 7 - 8, 2014

HHHH $2 .00

WSJ.com

Afghan Rivals Race to Runoff,Unfazed by Bombs, Huge Task

KABUL CAMPAIGN

WEEKEND

LibertyMarches OnBy Francis Fukuyama

REVIEW

A3-DayDash

ThroughNashville

OFF DUTY

WSJ.MoneyInvesting in the

New Sports EconomyMagazine in Today’s Paper

n The U.S. has clawed backall the jobs lost since the re-cession, data showed, a wa-tershed in a slow recovery thatfinds the labor market still inmany ways weaker now thanbefore the downturn. A1, A2n U.S. stocks reached newhighs on the employment re-port. The Dow rose 88.17points to 16924.28. Trea-surys ended slightly lower. B5n Uber’s valuation of $18.2billion reflects a bet by sometop investors that the startupcan branch into new arenas. B1n Hertz said it would haveto restate and correct resultsfrom the past three years,hit by accounting errors. B4n Icahn has taken a 9.4%stake in Family Dollar andplans to push the retailer toexplore strategic changes. B4n A number of banks aretrying to determine whethercollateral for loans they madeto commodities traders wasused fraudulently by a thirdparty to obtain other loans. B1n Barclays’s M&A chief hasresigned, the latest in a wave ofdepartures from the lender. B2nUPS named David Abney tobe its next chief executive,signaling a growing focus oninternational operations. B3n Gap plans to produce ap-parel inMyanmar, the first suchmove by a major U.S. retailersince sanctions were lifted. B3

What’sNews

i i i

Business&Finance

World-Wide

i i i

CONTENTSBooks..........................C5-10Corporate News.....B3-4Eating...........................D8-9Gear & Gadgets D11-12Heard on Street.......B14Letters to Editor......A12

Opinion.....................A11-13Sports.............................A14Style & Fashion.....D3-4The Week.......................C4U.S. News..................A2-5World News..........A6-10Wknd Investor........B7-9

s Copyright 2014 Dow Jones & Company.All Rights Reserved

>

InsideOPINION A13

Race in the AgeOf Genomics

Putin met with Obama andUkraine’s incoming leader

in a flurry of talks in Francethat displayed the gap betweenMoscow and the West. A1 Ukraine abandoned eightposts on its border with Rus-sia that had become the tar-get of separatist attacks. A6n Vodafone said multiplegovernments have direct accessto conversations on the U.K.telecom firm’s networks. B3n The Afghan presidentialfront-runner escaped a twinsuicide bombing assassina-tion attempt that killed atleast six people. A1, A10n Pakistan’s media regulatorsaid it would temporarily takeoff the air Geo TV, the nation’slargest news channel. A10n Indian PrimeMinisterModi,once blocked from getting aU.S. visa, is scheduled to visitWashington in September. A8n Federal agencieswill re-vamp some industrial-chemi-cal policies, prompted by lastyear’s blast in West, Texas. A2nJustice Department lawyerssaid Los Angeles County’s jailsviolate constitutional require-ments to protect inmates. A5n Authorities shot and killeda man who drove a truck ontothe grounds of a Georgia courtand set off explosive devices.A5

The U.S. finally clawed backall the jobs lost since the reces-sion hit in late 2007, a water-shed in a grindingly slow recov-ery that finds a labor marketstill in many ways weaker nowthan before the downturn.

U.S. payrolls in May hit an all-time high after the first four-month stretch of job creationabove 200,000 since the boomdays of the late 1990s, according tothe Labor Department’s latest em-ployment report. In all, employersadded 217,000 jobs last month,nudging payrolls above the priorpeak in January 2008. The joblessrate remained at 6.3%, the lowest

level since September 2008.Friday’s report renewed opti-

mism for a long-awaited acceler-ation in economic growth andhelped drive stock markets tonew highs. The Dow Jones In-dustrial Average rose 88.17points, or 0.5%, to 16294.28.

Despite signs of sustainedstrength, the job market is a farcry from what it was before thefinancial crisis slammed theeconomy in 2008. The number ofjobs in manufacturing, construc-tion and government—typicallywell-paying fields—has shrunk,

Pleaseturntothenextpage

BY ERIC MORATH

Jobs ReturnTo Peak, butQuality LagsHiring Tops 200,000 for Fourth MonthAs Lower-Paying Positions Lead Rebound

KABUL—Afghan presidentialfront-runner Abdullah Abdullahdidn’t let Friday’s assassination at-tempt, in which two suicide bomb-ers struck his vehicle and killed sixpeople, alter his schedule. Speaking calmly at twocampaign rallies later in the day, he welcomed en-dorsements from new allies and urged Afghans tovote.

He is no stranger to risk. Mr. Abdullah enlistedwith the anti-Soviet rebels in 1985, after declininghis sister’s offer to join her in New York. During histime with the mujahedeen, the 53-year-old Mr. Ab-dullah says he endured near-daily bombardments inthe Panjshir valley.

Back then, Ashraf Ghani, Mr. Abdullah’s rival inAfghanistan’s presidential election, was beginninga U.S. academic career that would eventually landhim a senior post at the World Bank. He stayed inthe States for another 15 years, becoming an Ameri-can citizen and moving back to Afghanistan to be-come a respected public servant only after the 2001U.S. invasion that ousted the Taliban.

For Mr. Abdullah, Mr. Ghani’s decision to stayaway from his homeland’s war was “an easy choice.”

From Mr. Ghani’s perspective,“there was no shortage of people en-gaging in the jihad. Somebodyneeded to prepare for postconflict.Carrying a gun I would not have

been of any particular advantage,” says the candi-date, now 65 years old.

One of these two men will succeed PresidentHamid Karzai, in a runoff election scheduled forJune 14. If the vote goes as planned, it will repre-sent the first democratic transfer of power in Af-ghanistan’s bloody history, solidifying the achieve-ments of the massive American effort here.

Mr. Abdullah scored 45% in the first round onApril 5, against 31.6% by Mr. Ghani.

The race’s winner will need to steer the countrythrough turbulent times. The U.S. combat missionends in December and all troops are scheduled towithdraw by 2016, as foreign aid shrinks amid anundefeated Taliban insurgency.

“To be honest, I pity whoever wins this election,”says Homayoun Assefy, who ran as Mr. Abdullah’svice-presidential candidate in 2009 but is alsofriendly with Mr. Ghani. “The poor guy will have a

PleaseturntopageA10

By Yaroslav Trofimov,Margherita Stancatiand Nathan Hodge

Presidents Barack Obama of the U.S. and Vladimir Putin of Russia, herepassing near each other at ceremonies for the 70th anniversary of D-Dayin France, had an informal conversation to discuss the crisis in Ukraine.

Saul

Loeb/A

genceFrance-Presse/Getty

Images

PARIS—To prepare for theFrench Open, one of the big-gest events of his professionalyear, 007 loads up on protein—raw pigeon, rabbit and pheas-ant. Then he sharpens his beakand claws on Italian marble.

In the past two weeks, inthe skies over Roland Garros,the site of the French Open,007 has participated in one ofthe fiercest matches of theFrench Grand Slam tennis tour-nament: raptor versus pigeon.

The falcon is one of sixpredatory birds hired by theFrench Tennis Federation toscare off pesky pigeons. “Wechoose the birds we think willbe most successful and trainthem in sporting conditions,”

says Ludwig Ver-schatse, the falconerwho brings his birdsto Paris’s courts oncea year.

Two years ago,referees requestedthe depigeonnage, asanti-pigeon cam-paigns are known inFrench, after theynoticed that birdswere swooping ontothe courts and dis-tracting players from the ball.A pigeon once grazed the headof a player. The pigeons’ drop-pings were a headache for thesports complex’s cleaning staff.

Pigeons are drawn to RolandGarros’ greenery and the feastof crumbs, trash and leftoverfood from on-site eateries.

“The stadium is agreat place for fowl,”says Rémy Azémar,deputy referee at Ro-land Garros.

The use of birds ofprey is soaring as amethod of dispersingthe winged nui-sances. The hawksand falcons aretrained to chase thepigeons away, notcatch them, so it

doesn’t ruffle the feathers ofanimal-rights activists as muchas methods that kill the pi-geons.

When Mr. Verschatse arrivedin France from his native Bel-gium 11 years ago, using fal-cons to scare off unwanted

PleaseturntopageA7

BY CHRISTINA PASSARIELLO

As Fans Flock to French Open, Squabbles Rage Overheadi i i

Raptors Fly In to Shoo Pigeons That Disrupt Matches; 007 on Guard

007

Change in nonfarm payrolls, from the start of each recession until theyreturned to prerecession levels.

The Wall Street JournalSource: Labor Department

Adjusted for the effectof the seasons, and oftemporary hiring dueto the 1990, 2000 and

2010 Censuses.

1

–6

–5

–4

–3

–2

–1

0

%

0Years since the recession began

1 3 4 5 6

1980 1981 1990 2001Dec. 2007to May ’14

Pfc. Bergdahl’s view of America’swar began to turn after his firstbig firefight on an Afghan moun-tainside in May 2009. A monthlater, after complaining aboutthe Army’s strategy, he disap-peared from his post.

Now that Sgt. Bergdahl, 28,has been released after nearlyfive years in Taliban captivity—he was promoted during thattime—some of his friends andfellow soldiers are speaking outon the question at the heart ofthe controversial prisoner ex-change that freed him: Why didhe vanish?

“I’ve been thinking about itsince the day he left,” said Mr.Korder. “Where’d Bergdahl go?”

PleaseturntopageA4

Bowe Bergdahl arrived in Af-ghanistan ready to kill.

Like many soldiers headinginto a war zone for the firsttime, the 22-year-old Army pri-vate was eager to get into thefight. As he and his unit pre-pared for battle in late 2008, heapproached his squad leader attheir Alaska military base with amemorable question.

“The first thing he said was:‘Can I cut off the face of the firstTaliban I kill and wear it like amask?’ ” said Josh Korder, anArmy soldier who said hecouldn’t believe what he washearing.

The bravado didn’t last. Then-

BY DION NISSENBAUM

Bergdahl’s Views ShiftedAfter First Taste ofWar

Russian President Vladimir Pu-tin met with U.S. President Ba-rack Obama and Ukraine’s incom-ing leader in France on Friday ina flurry of talks that displayedthe still-yawning gap betweenMoscow and the West after morethan three months of crisis diplo-macy.

Coming on the sidelines of theD-Day commemorations, thebrief, separate encountersmarked the first time since theUkraine crisis erupted in late-February that Mr. Putin cameface to face with Mr. Obama andUkraine President-elect Petro Po-roshenko.

The meetings crowned a week-slong charm offensive by the Rus-sian president and his emissariesthat the West is still struggling tointerpret as deceptive or genuine.

The most concrete results ofFriday’s sessions were hints thatthe Kiev government and pro-Russian rebels in eastern Ukrainewould start cease-fire talks. But itwas unclear whether such a dealwould win support from manyWestern capitals or from Kiev,since it could mean Ukraine’s na-tional government would effec-tively cede rebel-occupied terri-tory.

Ukraine lost even more controlover its porous boundary withRussia Friday when the StateBorder Guard Service said itpulled its forces back from eight

PleaseturntopageA6

By Anton Troianovski inBerlin and Carol E. Leein Bénouville, France

MistrustPersistsInUkraineMeetings

Fed debate on raising rates islikely to pick up steam............. A2

Crisis in Ukraine colors D-Dayceremonies in France................. A6

Yourfavoritesongslikeyou’veneverheardthembefore.Introducing the HTC One® (M8) Harmon/Kardon® Editionwith Clari-Fi™ sound restoration. Now available with6 free months of Spotify Premium when you sign upfor a Sprint FramilySM Plan.

While supplies last. Spotify monthly charge at the end of the six months based on thenumber of Framily members with Spotify Premium, $7.99 for 5 or fewer users, $4.99 for6 or more users. After 24 months, pay $9.99/mo. Cancel Spotify anytime by calling888-211-4727. Restrictions apply. Visit sprint.com for details.

800-SPRINT-1 | sprint.com/music

HappyConnectingSM

800-SPRINT-1 | sprint.com/music

CM Y K CompositeCompositeMAGENTA CYAN BLACK

P2JW158000-8-A00100-10FEEB7178F CL,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SL,SW,TU,WB,WEBG,BM,BP,CC,CH,CK,CP,DN,DR,FW,HL,HW,KS,LG,LK,MI,ML,NM,PA,PI,PV,TD,TS,UT,WO

P2JW158000-8-A00100-10FEEB7178F

Recommended