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NEW ON THE TWITTERS: Tim Cook (@Tim_Cook), “CEO Apple, Fan of Auburn footballand Duke basketball … Cupertino.
” Only tweet so far: “Visited Retail Stores in Palo Altotoday [as new iPhones debuted]. Seeing so many happy customers reminds us of why we dowhat we do.” In less than 24 hours, 165,000+ followers.
THE NEXT BEN – WSJ A5, “White House Is Urging Senators to Defend Yellen,” by Peter Nicholas
: Janet “Yellen, the Fed's vice chairwoman, became the front-runner to lead the centralbank after Lawrence Summers withdrew … White House officials this past week called some of those same Democratic lawmakers, urging them to stand up for Ms. Yellen in the event shecomes under criticism. The message: ‘If she starts getting attacked, you guys should step in anddefend her’ … The phone calls on Ms. Yellen's behalf are a fresh sign that she is the leadcandidate to succeed Ben Bernanke as Fed chairman.”
http://goo.gl/f0BVzd--“Fed's Yellen Postpones New York Speech as Her Candidacy Gains,” by Bloomberg’sCaroline Salas Gage
: “Yellen postponed [an Oct. 1] speech … to the Economic Club of NewYork, the club said” Friday.
IMPORTANT IF TRUE -- “Senior U.S. Republican to target state, local tax deduction,” byReuters’ Kim Dixon
: “The U.S. Congress' top Republican on tax policy … is likely torecommend repeal of a popular and costly federal tax deduction for state and local taxes paid,congressional aides said. House … Ways and Means Committee Chairman Dave Camp … ispushing forward with the idea of a tax code overhaul despite expectations that this Congress istoo fractured to take on such a big project. The provision, available only to the roughly one-thirdof federal taxpayers who itemize, allows taxpayers to deduct from their income the value of stateand local property tax paid, as well as state and local income or sales tax paid. Claimed by 46.6million Americans in 2011, the deduction reduced U.S. tax revenues that year by an estimated$42 billion, making it one of the largest tax breaks in the code.”
--PLAYBOOK FACTS OF LIFE
: This is being looked at, no doubt. But Camp hasn’t madedecisions like this, and is still consulting members of his committee. Don’t look for a plan untillater this fall.
NETWORK NEWS ALERT – L.A. Times 2-col. lead, “Hollywood plays key role for healthlaw: White House counts on the entertainment industry to promote its plan, especiallyto young people,” by Maeve Reston:
“Wedged into the blotter on [president of production]
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