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Weekend Journal: How to Write a Great Novel


F R I DAY, N OV E M B E R 6 , 2 0 0 9 ~ VO L . C C L I V N O . 1 0 9
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What’s News–

Lethal Rampage at Fort Hood
Army Psychiatrist About to Deploy to Iraq Suspected of Killing 12, Wounding at Least
31






Business&Finance

World-Wide

By Yochi J. Dreazen And Ana Campoy
FORT HOOD, Texas—A U.S. Army major allegedly opened fire Thursday on fellow troops
in the heart of the giant Army base here, killing 12 people and wounding at least
31 in one of the worst incidents of soldier-on-soldier violence in U.S. military
history. The shooting rampage by Maj. Malik Nadal Hasan was halted by a female civilian
police officer who shot him, said Lt. Gen. Robert Cone, the top military commander
on the base. The woman is expected to recover from wounds sustained in the gun battle,
he said. Maj. Hasan, 39 years old, also was hospitalized after the shooting, Lt.
Gen. Cone said, and “his death is not imminent.” Names of the victims were not
released. The alleged shooter is a psychiatrist, originally from Virginia, who had
been recently promoted to major and transferred to Fort Hood from the Walter Reed
Medical Center in Washington. His professional specialties include posttraumatic
stress disorder, combat stress and other emotional issues common to the troops implicated
in earlier incidents of military fratricide. Maj. Hasan was slated to serve for the
first time in Iraq in coming weeks, military officials said.

he Dow industrials topped the 10000 level again as renewed optimism about the economy
helped to spur a gain of 203.82 points, or 2.1%, to 10005.96. The advance was the
biggest posted by the blue-chip index in more than three months. C1 n The flood of
cash into commodities is abating amid worries that prices could fall and disappointment
with some popular investment products. C1 n U.S. chain-store sales rose 1.8% in October
as shoppers cautiously re-emerged at both the low-priced and upscale ends of the
market. B6 n Authorities widened their crackdown on insider trading, alleging 14
people were part of group that reaped $20 million in illegal profits. A1, A11 n The
Bank of England plans to pump more money into programs to support Britain’s economy,
while the ECB signaled it is considering rolling back such efforts A14 n Iraq awarded
an Exxon consortium the right to develop one of the nation’s giant oil fields,
a first for a U.S.-led group since the invasion. B1 n A natural-gas pipeline that
could redraw Europe’s energy map cleared a final regulatory hurdle, as Sweden and
Finland approved the project. A15 n CVS said it has been losing more customers than
it has been gaining and disclosed that the FTC is investigating its business practices.
B1 n IMS Health agreed to be purchased by TPG and the Canada Pension Plan for more
than $4 billion, the largest private-equity deal of 2009. B1 n Toyota posted a surprise
quarterly profit and offered an improved forecast, but it still expects to report
a loss of at least $2 billion for the year. B3 n A looming federal rule to cap the
interest rates paid by weak banks could accelerate their demise and make life even
harder for depositors. C1 n Fannie Mae announced a program to allow homeowners facing
foreclosure to stay in their homes and rent them for as long as a year. A3 n Insurance
regulators approved a move away from using ratings-agency ratings to weigh risk in
residentialmortgage bond holdings. C3 n Manulife posted an unexpected loss, underscoring
the volatile conditions faced by life-insurance companies. C3 n Sirius XM began adding
subscribers for the first time since December, a promising sign for the paid-radio
business. B1 n AMR and Delta stepped up lobbying for a JAL alliance, with the American
parent touting new revenue and Delta offering to assume costs. B2 n Hyatt’s IPO
priced within its expected range, and the shares rose 12% on their stock-exchange
debut. C3


n The Democrats’ health bill got a boost as a vote neared. The AMA and AARP endorsed
the House measure, just days before Saturday’s scheduled vote. Obama seized on
the backing as he pushed for support and Pelosi battled to gather the 218 votes she
needs. Republicans rallied at the Capitol to denounce the measure, with protesters
chanting “kill the bill.” A8 Proponents sought to satisfy antiabortion Democrats
who fear a government insurance plan would cover abortion. n The CDC urged health
officials to ensure swine-flu vaccine reaches high-risk groups amid criticism over
distribution to Wall Street firms. A4 n The U.N. said it is sending over half of
its foreign staff out of Afghanistan in response to the murder of five of its workers
last week. A17 n Abbas said he won’t run for re-election as Palestinian president
due to U.S. “bias” toward Israel and the lack of progress in the peace process.
A21 n A Senate panel cleared a climate-change bill despite a GOP boycott and opposition
by Democrat Max Baucus. A8 n An Army officer opened fire at Texas’s Fort Hood,
killing 12 people and injuring at least 31, in one of the worst cases of soldier-on-soldier
violence. A1, A4 n The House voted to extend jobless benefits, sending the bill to
Obama. The president is expected to sign it Friday. n Bernard Kerik admitted, as
part of a plea bargain deal, lying while being considered as Homeland Security chief.
n Russian officials charged two alleged neo-Nazis with the murders of a human-rights
lawyer and a journalist. A15 n Saudi Arabia launched bombing raids against Yemeni
rebels along the border after a Saudi soldier was killed. A12 n A rail inspector
was killed by a commuter train in Philadelphia as the city continued to struggle
with a transit strike. n The U.S. is considering using DNA tests for some foreign
refugee applicants to verify family relationships. n The U.N. war-crimes court will
appoint a lawyer for exBosnian Serb leader Karadzic when he fails to appear. A21
n The ICC prosecutor called for a probe of Kenya’s postelection violence, calling
it a crime against humanity. A21 n Texas jurors convicted a member of the polygamist
sect that was raided last year with sexual assault of a child. n Obesity causes more
than 100,000 cases of cancer each year, the American Institute for Cancer Research
said. n Hurricane Ida ripped into Nicaragua’s Atlantic coast, destroying homes
and damaging schools before weakening. A21
Getty Images

Associated Press

Sgt. Anthony Sills comforts his wife outside the Fort Hood Army Base. Their 3-year
old son was unharmed in a daycare center on the base after Thursday’s shooting,
one of the worst acts of soldier-on-soldier violence in military history. An official
at the Pentagon said there were indications that Maj. Hasan was deeply upset about
the pending assignment. Maj. Hasan’s cousin, Nader Hasan, told Fox News his cousin
was deeply traumatized about seeing wartime service. “We’ve known for the last
five years that that was probably his worst nightmare,” Nader Hasan said in the
television interview. “He would tell us how he hears horrific things…that was
probably affecting him psychologically.” The cousin said Maj. Hasan had joined
the military out of high Please turn to page A4

Democrats Pose Inside-Trade Probe Health Bill Hurdle Snares ‘Octopussy’
By Robert A. Guth And Amir Efrati
Federal authorities widened their crackdown on insider trading, uncovering an alleged
network of conspirators with elements of a James Bond movie, including packages of
money, throwaway cellphones, a ringmaster nicknamed “Octopussy” and an associate
called “the Greek.” In a 24-page criminal complaint filed in a New York federal
court, prosecutors alleged that 14 individuals were part of an insider-trading group
that generated $20 million in illegal profits. The group allegedly included several
hedge-fund traders, two lawyers, a former junior analyst at a credit-rating firm
and a technology-company executive. The charges mark a significant broadening of
ongoing criminal and civil investigations into alleged insider trading on Wall Street,
in Silicon Valley and elsewhere—the most sweeping insider-trading case in decades.
Last month, charges were filed against hedge-fund tycoon Raj Rajaratnam, founder
of Galleon Group, and five others. Mr. Ran The alleged leader of a caper that echoes
‘James Bond’ ......A11 jaratnam and his co-defendants, who were accused of reaping
$20 million in illegal profits, have denied wrongdoing. Some of the individuals charged
Thursday moved in the same circle. In the complaint, the U.S. alleged that Zvi Goffer,
a former trader at Galleon and the hedge fund Schottenfeld Group, was the central
figure in a ring that included his brother, a lawyer at the firm Ropes & Gray LLP,
and six other traders and hedgefund managers. “The casual betrayal of corporate
secrets by insiders… makes a mockery of our system,” said Preet Bharara, the
Manhattan U.S. attorney, at a news conference announcing the charges. A related civil
case was filed by the Securities and Exchange Commission. A lawyer for Mr. Goffer,
who is 32 years old, declined to comment, as did a lawyer for his brother. Rick Schottenfeld,
founder of Schottenfeld Group, Please turn to page A11

Louisiana Sen. Landrieu at a health-insurance news conference Tuesday.

By Naftali Bendavid
LAFAYETTE, La.—Democratic Sen. Mary Landrieu says she generally backs President
Barack Obama’s health-care overhaul efforts. But she’d like to see a few items
in the bill before voting for it, including bigger federal Medicaid payments for
her home state ofLouisiana,extendedhealth coverage for her pet cause of foster children,
and help for teaching hospitals in her state. While pushing more spending in those
areas, Ms. Landrieu also wants the plan to cut the overall amount the nation spends
on health care. As Democratic leaders enter the intensive phase of their drive to
pass health legislation, they must satisfy 60 Mary Landrieus in the Senate—every
Democrat and thetwoDemocratic-friendlyindependents,eachwithindividualpriorities—as
they try to hold together a fragile coalition with no room for error. And that has
only becomemorecomplicatedasDem-

Vital Signs
Quarterly change in output per hour at a seasonally adjusted annual rate
Source: Labor Department

n The U.S. has seen a jump in productivity. But most workers probably will consider
the data less-than miraculous. Output per hour grew at 9.5% annual rate in the third
quarter, the fastest clip since 2003, after growing at a 6.9% rate in the second.
The increase was largely the result of a 7.5% drop in hours worked – companies
are getting more out of the employees that they haven’t let go. A2

ocrats from conservative states puzzle over what to make of RepublicanvictoriesTuesdayingovernor’s
races in Virginia and New Jersey. Whilesomeofthesenators’demands are philosophical,
others flow more directly from homestate pressures. The health bill may be an ambitious,
once-in-ageneration attempt to rewrite the social contract, but like any other sprawling
piece of legislation, it is also a magnet for deal making and horse-trading. Senators’
needs vary greatly, and sometimes contradict each other. Sen. Evan Bayh (D., Ind.)is
a big supporter of medical-device makersin Indiana, and he signed a letter declaring
himself “extremely concerned” about a proposed tax on the industry. Sen. Blanche
Lincoln(D., Ark.), facinga tough re-election contest next year,wouldliketotackletheshortage
of health providers in rural areas. Sen. Bob Menendez (D., N.J.) is pushing a tax
break for investPlease turn to page A6

Headline “You know what that means? Deck Someone’s going to jail, going directly
to jail, so don’t let it be you, OK?”
—Alleged insider-trading ringleader Zvi Goffer to a co-defendant, Feb. 20, 2008
Source: Phone intercept by federal agents

How Do You Put the Dump Into Dump Truck? Push It Off the Fourth Floor

Detroit’s Abandoned Industrial Landscape Has Become a Playground for Pranksters
By Alex P. Kellogg
DETROIT—Nobody can say for sure how an old dump truck ended up on the fourth floor
of the abandoned Packard auto plant on East Grand Boulevard. But there’s no doubt
about how it got back down. It was pushed through a hole in the wall. The act, caught
on video, required the efforts of a number of people, a sledgehammer, a hydraulic
floor jack, stacks of cinder blocks and a peculiar sense of propriety. The Packard
plant, a 3.5-million-square-foot luxury-car factory, opened in 1907 and shut down
in 1956. In more recent decades, other businesses operated on the premises or used
it for storage, but by the late 1990s, the Packard plant was all but forsaken. Detroit
has 80,000 abandoned lots and buildings, accord-


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CONTENTS Letters to the Editor ..A24 Corporate News ....B2-4 Opinion .................A23-25
Currents ......................A26 Sports .............................W5 Deals &
Deal Makers ....C3-5 U.S. News .......A2-4,8-11 Earnings ..........................B5
Weather Watch ........B6 Heard on the Street ..C14 World News .......A12-21 s Copyright
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ing to the city’s planning department. Old housing projects, homes, strip malls
and even highrise buildings sit empty across much of the city. Motown has more vacant
office, retail and industrial space than nearly every other big city in the country.
Like many of Detroit’s abandoned buildings, though, it's anything but deserted.
Rather, it’s a hive of activity, buzzing with scavengers, vandals, late-night Please
turn to page A22

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