Wednesday,  May 7, 2014 • Vol. 16--No. 293 • 30 of 33

(Continued from page 29)

• However, the ruling leaves the country in limbo and primed for more violence.
• ___

Clinton, Geithner set to spill insider Obama administration details in back-to-back memoirs

• WASHINGTON (AP) -- Over the next month, two of President Barack Obama's closest first-term advisers will spill insider details on the administration's handling of the early days of the Great Recession, the White House's cautious response to the Syrian civil war and the genesis of clandestine talks with Iran.
• The back-to-back memoirs from former Secretary of State Hillary Clinton and ex-Treasury Secretary Timothy Geithner will be the latest installments in what has become an often awkward Washington ritual: one-time confidants signing big book contracts to examine a presidency that is still ongoing and policy decisions that are still being implemented.
• Clinton and Geithner's books will be released just four months after former Defense Secretary Robert Gates' memoir landed like a sucker punch in the West Wing. Gates gave political advisers in the White House virtually no warning -- and no advance copy -- of his headline-generating memoir, which included sharp criticisms of Obama's decision-making.
• However, Obama aides don't appear to be girding for a repeat of their experience with Gates' book as they await the release of Geithner and Clinton's memoirs.
• While Geithner has not provided the White House with advance copies of his book, "Stress Test," the text has been reviewed by lawyers at Treasury and the Federal Reserve. And drafts of Clinton's book, "Hard Choices," have been circulating for months among a small number of officials in Obama's National Security Council.
• ___

China's e-commerce king Alibaba prepares for blockbuster US share sale

• SAN FRANCISCO (AP) -- Alibaba Group, the king of e-commerce in China, is dangling a deal that could turn into one of the biggest IPOs in history.
• In a long-awaited move Tuesday, Alibaba filed for an initial public offering of stock in the U.S. that could surpass the $16 billion that Facebook and its early investors raised in the social networking company's IPO two years ago.
• Alibaba's paperwork says it will raise at least $1 billion, but finance professionals believe that is a notional figure to get the IPO process rolling and say that the Chi

(Continued on page 31)

© 2013 Groton Daily Independent • To send correspondence, click here.