P2JW154000-5-A00100-1--------XA CMYK Composite CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WE BG,BM,BP,CC,CH,CK,CP,CT,DN,DR,FW,HL,HW,KS,LA,LG,LK,MI,ML,NM,PA,PI,PV,TD,TS,UT,WO TODAY IN PERSONAL JOURNAL Getty Images (2) Work Stress vs. Home Stress PLUS You Call That an Ironman? TUESDAY, JUNE 3, 2014 ~ VOL. CCLXIII NO. 128 ***** DJIA 16743.63 À 26.46 0.2% NASDAQ 4237.20 g 0.1% NIKKEI 14935.92 À 2.1% STOXX 600 345.08 À 0.2% 10-YR. TREAS. g 21/32 , yield 2.532% OIL $102.47 g $0.24 i i Business & Finance n The Justice Department is asking three book publishers about any recent pricing talks, two years after a major antitrust settlement. B1 n Stocks were whipsawed by factory-data revisions, but the Dow ended the day up 26.46 points at a record 16743.63. C1 n U.S. manufacturing accelerated in May, the fourth straight month of improvement. A2 n Humana is alleging that Medtronic conspired with doctors to promote unapproved uses of a bone-growth drug. B1 n Pilgrim’s Pride raised its offer for Hillshire by more than $1 billion to over $6.7 billion. B3 n U.S. Steel said it would temporarily idle plants in Texas and Pennsylvania, blaming illegally-priced imports. B3 n The recent plunge in tech and health shares has stung buyers who paid steep prices in follow-on offerings. C1 n Apple did little to quell the clamor for new gadgets at its developers’ conference, unveiling software and app upgrades. B6 n Goldman and Credit Suisse disclosed details about how their “dark pools” operate. C2 n Japan’s Daiichi is looking to buy Protective Life of Alabama for about $5 billion. C3 i i Widespread clampdown ahead of Tiananmen anniversary...... A8 World-Wide n A number of VA hospitals show significantly higher rates of mortality and lethal infections than the agency’s top facilities, an analysis found. A1 n Medicare data show an increase in the average price hospitals charge to treat common conditions. A3 n The EPA caps on carbon emissions would force sweeping changes in the electric system but not deliver as big a blow to coal as some feared. A4 n China is cracking down on dissent ahead of this week’s 25th anniversary of the Tiananmen Square protests. A1, A8 n Kiev and Moscow came closer to a truce in a price feud that threatened to cut off Ukraine’s gas supply. A6 n The prisoner exchange with the Taliban that freed a U.S. soldier has sparked a polarizing debate. A2 n U.S. and foreign authorities broke up a network of hijacked computers used to tap into bank accounts. B5 n Abbas swore in a new Palestinian government endorsed by both the PLO and Hamas amid Israeli opposition. A9 n Assad’s regime is pressing Syrians to vote in today’s presidential election despite fears of rebel attacks. A9 n The Supreme Court rejected an effort to expand a chemical-weapons treaty’s reach to domestic crimes. A5 Journal Report Five steps for fixing the 401(k). Investing in Funds special report. Section R CONTENTS Business Tech..............B5 CFO Journal..................B4 Corporate News.....B2-3 Global Finance.............C3 Health & Wellness D1-4 Heard on Street..........C8 In the Markets.............C4 Leisure & Arts.............D5 Opinion.....................A11-13 Sports................................D6 U.S. News...................A2-5 Weather Watch..........B6 World News.............A6-9 > s Copyright 2014 Dow Jones & Company. All Rights Reserved BY THOMAS M. BURTON AND DAMIAN PALETTA Spanish Royal House/Reuters STEPPING DOWN: Juan Carlos, seated below a portrait of a Bourbon ancestor, abdicated in favor of his son, 46-year-old Prince Felipe, as scandal, regional separatism and economic discontent roil Spain. A7 ‘PERMANENT INJUNCTION’ Sealed Court Files Obscure Rise in Electronic Surveillance BY JENNIFER VALENTINO-DEVRIES In eight years as a federal magistrate judge in Texas, Brian Owsley approved scores of government requests for electronic surveillance in connection with criminal investigations—then sealed them at the government’s request. The secrecy nagged at him. So before he left the bench last year, the judge decided to unseal more than 100 of his own orders, along with the government’s legal justification for the surveillance. The investigations, he says, involved ordinary crimes such as bank robbery and drug trafficking, not “state secrets.” Most had long since ended. A senior judge halted the effort with a one-para- Taste for Risk Fueled Career Of Bettor in Trading Probe BY ALEXANDRA BERZON Sports-betting legend William “Billy” Walters built a fortune by acquiring better information than others and using a complex system to turn it into profits. “He is the most respected sports bettor in the world,” said RJ Bell, who runs a website selling sports-betting picks. “One of the things that differentiates him is the quality of the information that he’s betting.” Now Mr. Walters has landed in the middle of a government investigation. Along with golf pro Phil Mickelson and investor Carl Icahn, both friends of his, Mr. Walters is the subject of an insider-trading probe, as The Wall Street Journal first reported Friday. The Federal Bureau of Investigation and the Securities and Exchange Commission are examining Please turn to page A4 Composite i XUZHOU, China—After Chinese police rounded up the leaders of the civic group he participated in, Zhang Kun said he would be proud to join them in jail. He soon got his wish. In March, he was released after two months in detention—during which he says he endured lengthy interrogations by police and physical mistreatment by other detainees. Once out, he posted a note on a messaging app telling friends he was stepping back from his previous activism. “I hope everyone can understand,” he wrote. “Everyone has their weak spot,” the slight, unassuming 26-year-old now says, and the police “will find it eventually.” A quarter-century after Chinese leaders sent the military to crush student protesters in Beijing’s Tiananmen Square, Mr. Zhang’s short career on the front lines of activism shows how the events of 1989 inform the Chinese authorities’ ironfisted approach to dissent. The military assault on June 3 and 4 that killed a still-unaccounted-for number of people— estimated to be in the hundreds—temporarily left China diplomatically isolated, setting back economic reforms. It also convinced Chinese leaders of a lesson: Threats to Communist Party rule must never be allowed to spiral into a repeat of the Please turn to page A8 EURO $1.3597 YEN 102.38 Internal Records Show Some Facilities Have Far Higher Death Rates Than Peers BY JOSH CHIN graph order that offered no explanation for the decision and that itself was sealed. Mr. Owsley’s orders remain buried in folders in a federal courthouse overlooking Corpus Christi Bay. “It’s like something out of Kafka,” says Mr. Owsley, recently a visiting law professor at Texas Tech University. Across the U.S., thousands of similar law-enforcement requests for electronic monitoring are likewise locked away from public view, even after the investigations that spawned them have ended. In most cases, they stay sealed indefinitely—unlike nearly all other aspects of American judicial proceedings. Courts long have presumed that search warrants, for example, eventually should be made public. Several judges and former prosecutors say most Please turn to page A10 The Phoenix facility at the heart of the crisis at the Department of Veterans Affairs is among a number of VA hospitals that show significantly higher rates of mortality and dangerous infections than the agency’s top-tier hospitals, internal records show. The criticism that precipitated last week’s resignation of VA Secretary Eric Shinseki has focused largely on excessive wait times for appointments across the VA’s 150hospital medical system. But a detailed tabulation of outcomes at a dozen VA hospitals made available to The Wall Street Journal illustrates a deeper challenge: vastly disparate treatment results and what some VA doctors contend is the slippage of quality in recent years at some VA facilities. Some of the discrepancies are stark, especially for an agency known for offering high-quality care in 50 states. The rate of potentially lethal bloodstream infections from central-intravenous lines was more than 11 times as high among patients at the Phoenix facility than it was at top VA hospitals, data from the year ended March 31, 2014, show. Those infections, called sepsis, can quickly cause multiple organ failure and kill an otherwise relatively healthy patient within days or even hours. The Top 10 power plants by carbon dioxide emissions in 2013 Emissions, in millions of metric tons Source: U.S. Energy Information Administration i iShares Funds can help you keep more of what you earn. i In Belgium, Buyers Agree to Honor Memorials Until Death Do Them Part BY MATTHIAS VERBERGT was added when his wife died, and on top of the memorial stands a ANTWERP, Belgium—Jacques bronze bust of Mr. Dumont. Buermans, 66 years old, hopes he In 1997, Antwerp wanted to destill has a long life ahead. Yet he stroy Mr. Dumont’s grave, which has already found his fidates back to the late nal resting place: some1920s, after the concesone else’s grave. sion that allowed his The antique sepulfamily to use the plot chers and headstones of had expired. Mr. Buerthe Schoonselhof cememans intervened to save tery here were gleaming the monument and lobin the spring sunshine bied the city to go down recently as the Antwerpthe secondhand route. born retiree made his When it did, he was one weekly visit to his imof the first to dive in. peccably maintained fuIn Belgium, and other ture tomb, formerly parts of Europe, cemehome to the corpses of tery land is often propthe Belgian-British famerty of a city, which ily Dumont-Duggan. grants “concessions” to “It is a stunning monpeople to use it. But the Antwerp tomb ument, full of symbolright to use the plot ism,” says Mr. Buermans, a self-de- isn’t eternal: many concessions exscribed graveyard enthusiast. The pire 25 years after burial. Families compass and the square represent can renew them—and many do. Adolf Dumont’s Freemason mem- But if they don’t, memorials can Please turn to page A10 bership, the white marble mourner The Wall Street Journal New federal limits on greenhouse-gas emissions by power plants across the U.S. could cost utilities as much as $8.8 billion a year, but critics said the proposed rule could cost the economy $50 billion a year. A4 In a Plot Twist, Antwerp Puts 5,000 Secondhand Graves on the Market i data don’t show what percentage of patients died as a result. Among patients admitted to the hospital for acute care, the Phoenix VA Health Care System had a 32% higher 30-day death rate than did the top-performing VA hospitals, a finding flagged as statistically significant by the agency’s medical analysts. By contrast, Boston’s VA hospital, considered among the system’s best, had a central-IV-line, bloodstream-infection rate that was 63% below the average of the top-performing hospitals. It also had a slightly better-thanaverage, 30-day mortality rate for acute care. Scott McRoberts, spokesman for the Phoenix VA Health Care System, said on Monday the database “is an internal measurement system to benchmark our improvement, and is not for public consumption.” Variations in the quality of health care exist outside the VA system as well, though it is difficult to measure because relatively small numbers of hospital groups report a range of medical outcomes. But some experts in medical-quality measurement say the VA discrepancies stand out. “Wide variations are a problem at both the VA and private hospitals. But I would expect to see much smaller variations in a national, integrated delivery system like the VA,” said Ashish Jha, a professor at the Harvard Please turn to the next page Cost of Emissions Cuts Debated After all, that’s why you invest. iShares Funds are diversified, low cost and tax efficient. Ask your financial advisor. Visit iShares.com IVV iShares Core S&P 500 Fund IJH iShares Core S&P Mid-Cap Fund IJR iShares Core S&P Small-Cap Fund Call1-800-iShares for a prospectus, which includes investment objectives, risks, fees, expenses and other information you should read and consider carefully before investing. Risk includes loss of principal. Diversification may not protect against market risk or loss of principal. Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company named above. Distributed by BlackRock Investments, LLC. ©2014 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc. iS-12264-0414 P2JW154000-5-A00100-1--------XA dozen firms acknowledged that they or their suppliers may have used conflict minerals, but many others haven’t determined if their products are in the clear. B1 GOLD $1,243.70 g $1.90 VA Hospitals Vary Widely In Patient Care A Reign in Spain Ends In China, What’s News Dissenters Haunted By History A i HHHH $2.00 WSJ.com MAGENTA BLACK CYAN YELLOW
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