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Edition: U.S. / Global

Tuesday, May 21, 2013

Today's Paper

The Times in Print for Tuesday, May 21, 2013

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

A Congressional inquiry’s findings were remarkable both for the tens of billions of dollars involved and for Apple’s audacity in saying some of its subsidiaries were stateless and beyond any tax authority’s reach.

Before Tumblr, Founder Made Mom Proud. He Quit School.

David Karp, 26, whose mother responded to his high school boredom with a suggestion that he try home-schooling, played a role in several start-ups before founding Tumblr.

Vast Oklahoma Tornado Kills at Least 91

Homes were flattened, cars flung through the air and at least two schools packed with children destroyed, sending rescuers to dig out those buried in rubble.

Japan’s New Optimism Has Name: Abenomics

Prime Minister Shinzo Abe’s economic shock therapy, which combines a flood of cheap cash, fiscal stimulus and deregulation, is getting early results.

For the Word on the Street, Courts Call Up an Online Witness

Courts are looking to Urban Dictionary, a crowdsourced Web site, as one way to define words on which a case may turn.

Arizona Desert Swallows Migrants on Riskier Paths

Migrant deaths remain high even as apprehensions have fallen, with tighter borders pushing people to take riskier routes from Mexico to the United States.

Very Bad Week Is Merely Bump for Assembly’s Master of Power

Faced with calls to resign and growing criticism over his handling of sexual harassment allegations against an assemblyman, Sheldon Silver has unwavering support among Democrats.

Quotation of the Day
"There is a technical term economists like to use for behavior like this. Unbelievable chutzpah."
EDWARD KLEINBARD, a law professor at the University of Southern California, on Apple’s efforts to avoid paying taxes.

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