Ten Words from Today's NY Times - July 25, 2012

Any significant action by the Fed will reverberate in a presidential election that may be decided by the health of the economy.

Republicans have urged Mr. Bernanke to refrain from taking additional steps, arguing that the costs were likely to exceed the benefits, while Democrats have pressed for a new round of stimulus.

Mr. Bernanke told Congress last week that he recognized a theoretical limit on the amount of Treasuries that the Fed could own, but that he did not see it as an immediate constraint.

And central bankers, cautious by nature and profession, also harbor wariness for the unforeseen risks of unprecedented actions.

CAIRO — It is the sort of image that has become a staple of the Syrian revolution, a video of masked men calling themselves the Free Syrian Army and brandishing AK-47s — with one unsettling difference.

¶ He added: “It’s something to keep an eye out for, the convergence of Iraq and Syria.

A Republican group backed by the casino magnate Sheldon Adelson is starting a new effort in battleground states to win over Jewish voters who could be persuaded to turn away from President Obama and support Mitt Romney.

It is the latest foray into the election by Mr. Adelson, a staunch supporter of Israel who has vowed to spend as much as $100 million to defeat Mr. Obama.

Mr. Adelson and other members of the group’s board have pledged at least $6.5 million to build a comprehensive list of Jewish voters and to wage a word-of-mouth campaign, amplified through social media and television advertising.

He said he was particularly incensed by the administration’s stance toward Israel, particularly the president’s view that the 1967 borders should be a starting point for negotiations for a two-state peace solution.