The Wall Street Journal

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- Pierpont Securities economist Stephen Stanley after dismal U.S. employment and manufacturing reports added to mounting fears about European and Asian economies. The news sent stocks sliding Friday morning. "Jobs Slowdown Adds to Global Fears", June 1, 2012. on.wsj.com/L3lylu

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- New York City Mayor Michael Bloomberg, defending his controversial proposal to prohibit the sale of large-sized sugary soda drinks in the city, arguing that it will combat obesity and cut health-care costs. Read the full story: "Bloomberg Defends Move to Curb Big-Soda Sales", May 31, 2012. on.wsj.com/JU7xHq

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THURSDAY, May 31, 2012 - The number of help-wanted ads posted online fell in May. Total U.S. job vacancies on the Internet slipped by nearly 1% from April to 4.72 million, the Conference Board said. That ended five consecutive months of increases, as demand slowed for workers in the computer, transportation and financial fields. However, there were more openings in May than during any month last year.

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- Screenshot from the Mitt Romney campaign Web app, “With Mitt”. The app launched late Tuesday and lets users take pictures with various Romney campaign slogans overlaid on them, and then send them to friends or post them online. A typo in one of the slogans, “A Better Amercia", was quickly picked up on Twitter and elsewhere. See the flood of reaction from across the social media sphere: on.wsj.com/KIvyCo

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WEDNESDAY, May 30, 2012 - Housing prices fell in the first three months of the year. Nationwide, average sale prices of single-family homes fell 2% from the fourth quarter and 1.9% from a year ago, according to the S/Case-Shiller home-price index. The index is now at its lowest level since the housing crisis began. However, the decline in prices moderated, boosting hopes of a recovery.

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TUESDAY, May 29, 2012 - Rates to ship bulk goods across seas are falling. The Baltic Dry Index, which tracks the cost of chartering ships to transport coal, grain, iron ore and other commodities, settled at 1034 last week, falling more than 10% this month. The index, at one time a leading indicator of global economic activity, was as high as 1922 in December.

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SAN FRANCISCO: CULINARY CAPITAL Forty years after the Bay Area changed how America eats, the pioneering food region is surging ahead again.

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June 2012

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THE WORLD OF WES ANDERSON The director on his singular cinematic vision.

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THE FUTURE OF ARMANI Giorgio Armani single-handedly built a billion-dollar brand his own way, but where does his empire go from here?

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CONSTANT GARDNERS After restoring a Queen Anne house outside London, an entrepreneurial couple launched a garden store, teahouse, and celebrated restaurant.

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THE GRAND MINIMALIST Christian Liaigre's interiors set the standard for minimalist chic. Now his elegant vision is experiencing a renaissance.

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CONTRIBUTORS: JUNE 2012 Contributors include photographers Bella Howard, Laura Hynd, Paul Wetherell, and Eric Morin.

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PRINT MATTERS Mix and match the season's artful prints for an unexpected fashion statement. Photographs by Roger Deckker. Styling by Ondine Azoulay.

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GOLDEN GIRL A chic Parisian with a bohemian twist, the jewelry designer finds inspiration for her hand-crafted pieces everywhere.

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THE NOVELISTS Edna O'Brien and Andrew O'Hagan share a passion for life, letters and conversation.

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SOLAR FLAIR When summer temperatures rise, shine in dazzling metallics and shimmering gems. Photographs by Jennifer Livingston. Styling by Haidee Findlay-Levin.

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JEWEL OF INDIA Once a hot-weather retreat for the British Raj, Wildflower Hall remains an unexpected alpine retreat.

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WHITE MARKET Adaptable and simple, plaster might just be the design medium of the moment.

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FRIDAY, May 25, 2012 - German bond yields are falling. As fears among investors mount of a Greek exit from the euro, and concerns grow about the deteriorating financial health of many other European countries, investors are pouring their money into the perceived haven of German government debt. That has pushed the yield on 10-year bonds under 1.4%, down from over 3% a year ago.

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THURSDAY, May 24, 2012 - The housing market took a small step forward in April. Sales of newly built, single-family homes rose 3.3% from March to a seasonally adjusted annual rate of 343,000, reversing the prior month’s decline. Sales were 9.9% higher from a year ago. Still, the sales pace is roughly half of the historical average, as a housing recovery struggles to gain traction.

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WEDNESDAY, May 23, 2012 - Americans stepped up purchases of previously occupied homes in April. Existing-home sales rose 3.4% from March to a seasonally adjusted annual rate of 4.62 million units, ending two months of declines. While sales are on track to eclipse last year’s dismal figure, they are still far below prerecession levels, as high unemployment and foreclosures continue to plague households.

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$2.60

TUESDAY, May 22, 2012 - Natural-gas prices are rising. Rising production and falling demand because of an unusually warm winter pushed the price of natural gas to a 10-year low earlier this year. But prices have rebounded in recent weeks as drillers increasingly turn their attention to more profitable oil. Prices are up 37% since their April low, to $2.609 per million British thermal units.

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$1.27

MONDAY, May 21, 2012 - The euro has been losing ground against the dollar. The currency settled at $1.278 Friday, a slight gain for the day. But that was down more than 3.5% over the past three weeks and nearly 10% during the past year. Concerns about Europe’s fiscal crisis and the prospect of Greece’s exit from the currency bloc have been behind the decline.

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FRIDAY, May 18, 2012 - Recent economic reports point to a sluggish recovery. The Conference Board’s index of Leading Economic Indicators — designed to show where the economy is headed in coming months — slipped 0.1% in April, after rising 0.3% in March. The board attributed the decline to a slump in housing permits, rising jobless claims that month and subdued consumer confidence.

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THURSDAY, May 17, 2012 - U.S. factories stepped up production in April. The Federal Reserve’s Industrial Production Index — which measures the output of factories, mines and utilities — rose 1.1% from March. Manufacturing production climbed 0.6% after falling in March, led by cars, and furniture and business equipment. Factories are operating at a high capacity but unemployment and weak wage growth continue to weigh on the U.S. recovery.

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WEDNESDAY, May 16, 2012 - Consumers spent cautiously in April. Retail sales barely grew from the previous month and slowed to a year-over-year increase of 6.4%. Consumers cut spending on building materials, clothing and gardening supplies, while paying more for food and online purchases. April sales were hurt by stagnant wage growth along with a warm winter and an early Easter, which may have pulled purchases forward in the year.

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$3.75

TUESDAY, May 15, 2012 - The price of gasoline is tumbling. The average price of a gallon of regular gas stood at $3.754 on Monday, down more than 3 cents from a week ago and more than 20 cents from a year ago, government figures show. The price has fallen for six consecutive weeks as fears about Europe’s fiscal crisis persist and certain oil-producing countries boost oil supplies.

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MONDAY, May 14, 2012 - Exports of goods have remained strong, despite fiscal woes in Europe. Economists say U.S. manufacturers are being helped by a weak dollar and low wage growth at home, making their goods cheaper relative to global rivals’ products. More than half the respondents in The Wall Street Journal’s latest economic survey see contagion from Europe as the biggest threat to the U.S. economy.

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FRIDAY, May 11, 2012 - The number of Americans applying for unemployment benefits is falling. The four-week moving average of initial jobless claims declined by 5,250 to 379,000 last week. The drop indicates employers are slowing the pace of layoffs and that the labor market may be strengthening. A rise in claims last month stoked fears of a pending slowdown in economic growth.

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$480.00

THURSDAY, May 10, 2012 - Wholesalers restocked in March, but at a slower pace than in earlier months. The value of inventories climbed 0.3% from February and 8.4% from a year ago to $480.4 billion. Companies have been restocking goods such as vehicles and lumber since last summer, thanks to higher sales and increased confidence. But that restocking appears to be easing.

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$110.00

WEDNESDAY, May 9, 2012 - The price of oil has been falling in May. The cost of a barrel of crude oil fell 93 cents to $97.01 on Tuesday. The price is down more than $9 this month and is far below the year’s peak of nearly $110, reached in late February. Fears of slowing economies in the U.S. and Europe, along with apparently easing tensions in the Middle East, are among factors behind the decline.

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- James Dimon, CEO of J.P. Morgan Chase & Co., in response to a question during a hastily scheduled conference call on Thursday and after the company had reported it had taken $2 billion in trading losses in the past six weeks stemming from derivatives bets gone wrong in the bank's Chief Investment Office, which manages risk for the New York company. "J.P. Morgan Reveals ‘London Whale’-Size Losses", May 10, 2012. on.wsj.com/IMGcoA

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- President Barack Obama in an interview with ABC's "Good Morning America" anchor Robin Roberts. Mr. Obama had previously been against same-sex marriage as a presidential candidate in 2008, but supported civil unions. "Obama Supports Same-Sex Marriage", May 9, 2012. on.wsj.com/KbxvJB

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The finished gift box, with the paper rosette pasted on top.

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1) To make a paper gift box, take two paper squares -- one that is 8-square inches and another than is just a hair smaller ( 7-and-7/8-square inches). Fold the square in half, making a distinct crease. Open the square and fold it the other way too, making a second crease. (Follow these instructions for both boxes.)

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2) Fold all four corners to the center, creasing all edges. Then unfold two opposing sides.

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3) Create a rectangular shape by folding sides, the long way, toward the middle.

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4) This is the hardest step: partially unfold the rectangle and pinch the creases (as shown) to created the box's sides. (All the creases you have made by folding should be helpful guides.)

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5) Fold the sides and tuck them into the box's base. Do on both sides. Then repeat all of these steps on the smaller square of paper. The smaller square will make the bottom of the box and should fit into the lid.

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- Daniel Loeb, CEO of Third Point LLC, which owns 5.8% of Yahoo! shares, in a letter on Wednesday continuing the call for the ouster of Yahoo CEO Scott Thompson. "Third Point on Yahoo: ‘We Take No Joy in Witnessing This Carnage’ ", May 9, 2012.

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Jonathan Buffa Hedge Funds continue searching for top talent - latest mandates found at www.hedgefundmandates.com or email jonathan@tylercap.com

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TUESDAY, May 8, 2012 - Americans ramped up their borrowing in March. Consumer credit — including debt on credit cards, car loans and student loans but not mortgages — rose at a seasonally adjusted annual rate of 10.2% in March, the biggest jump in more than a decade, the Federal Reserve said. Many people sought loans to attend college amid the weak labor market; also, credit card use also surged.

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- Psychologist James Pennebaker at the University of Texas at Austin. Talking about ourselves—whether in a personal conversation or through social media sites like Facebook and Twitter—triggers the same sensation of pleasure in the brain as food or money, researchers reported Monday. "Science Reveals Why We Brag So Much", May 12, 2012.

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- Actor George Lindsey who played the beanie-wearing gas-station attendant Goober Pyle on "The Andy Griffith Show" and "Hee Haw". Mr. Lindsey died early Sunday after a brief illness. He was 83 years old. "Happy on 'Hee Haw'", May 7, 2012.

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Sunlit Web Awww. He was a darlin. RIP sweet Goober. :-(

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MONDAY, May 7, 2012 - American adults who hold college degrees are finding it easier to get jobs. The unemployment rate for those 25 years old and over who have at least a bachelor’s degree dropped to 4% in April from 4.2% in the prior month and 4.5% in April 2011. That is roughly half the overall U.S. jobless rate, which declined to 8.1% last month from 8.2% in March.

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FRIDAY, May 4, 2012 - Service sector activity slipped. The Institute for Supply Management’s index of business activity in nonmanufacturing industries fell to 53.5 in April from 56.0 in March. Readings above 50 indicate expansion, so the April figures portray a continued but moderating pace of growth. The service sector accounts for the lion’s share of employment, encompassing everything from bankers to hair stylists.

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THURSDAY, May 3, 2012 - The jobs market looks weaker compared with earlier this year. A report compiled each month by two private firms showed the U.S. added 119,000 private, nonfarm jobs in April, down from 201,000 in March. The report often diverges from the government’s official job tally—which is coming Friday and is expected to show a more-respectable 168,000 jobs were added.

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WEDNESDAY, May 2, 2012 - Manufacturing growth is accelerating. The Institute for Supply Management’s index of activity in manufacturing industries rose to 54.8 in April from 53.4 in March, indicating factories have gained momentum. Readings above 50 indicate expansion. Manufacturing has been a standout through the recovery, and added steam in April despite a recession in Europe and slower growth in China.

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Bespoke, once a term narrowly used for made-to-order suits from tailors such as those on London's Savile Row, has gone into mass production. In the New York City area, there are two dozen "bespoke" businesses, including Bespoke Barber Shop, Bespoke Books, Bespoke Surgical and at least one shop simply called "Bespoke."

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May 2012

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