INSIDE: International art makes a summer stop in Venice, Page 6
Southwest Journalist
Thursday, June 2, 2011
The University of Texas at Austin
Dow Jones News Fund Center for Editing Excellence
—C
The news ing ga intere availa Crom mist. thirdmore “We ing to data,” Con wait-a U.S. auto salesprices fell 3.7 percent per ga GM’s in May, hurt Eve by a lack of er con deals, high gas prices and and s shortages of towar some models. Johns “All Fuel-efficient contin cars were in short supply ery re
U.S. auto sales skid during May BUSINESS
Ford, GM still expect annual sales figures to reach about 13 million DEE-ANN DURBIN Associated Press
DETROIT — U.S. auto sales cooled in May as dealers started running short on fuel-efficient models and buyers were turned off by lower incentives. Deals aren’t likely to come back until the end of this summer, so experts are advising people to delay their purchases. “If you don’t have to buy, wait until fall. If you lease a car, extend it,” Edmunds.com auto sales site
chief Jeremy Anwyl said. Consumers heard that message in May, when auto sales were expected to be about 1 million, down about 90,000 from April. Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. had the biggest sales declines, with Toyota down 33 percent, Honda off 23 percent and Nissan off 9 percent compared with May 2010. General Motors Corp. sales dropped 1.2 percent, as falling pickup-truck sales offset strong sales of more fuel-efficient cars and crossovers. It was the same story at Ford Motor Co., which
saw sales fall 2.4 percent for the month. Pickup sales dropped more than 10 percent at both companies. Small-, compact- and midsize-car sales were up and truck sales were down because of high gas prices. Despite a raft of bad economic data, automakers generally said they were still optimistic for the year, with Ford and GM sticking with annual forecasts of about 13 million in U.S. sales. That’s short of the 2000 peak of 17.3 million, but better than the 10.4 million of sales in 2009.
as buyers continued a shift to smaller vehicles. Carlos Osorio / Associated Press
Please see AUTO, Page 2
ECONOMY
Stocks tumble as doubts rise
GULF OF MEXICO OIL LEAK
Turtle population on path to recovery
Upcoming job figures expected to be worse DAVID K. RANDALL Associated Press
Todd Yates / Caller-Times
William Botts, Padre Island National seashore park Mexico on May 26 near Padre Island. Scientists are ranger, gives visitors a closeup look at the Kemp’s ridley gathering data to determine how the 2010 Deepwater hatchlings before they make their way into the Gulf of Horizon explosion has affected the turtle species.
Tiny turtles give clues to Gulf oil leak’s impact RAMIT PLUSHNICK-MASTI Associated Press
N
early hidden by sand, the sea turtle digging a hole to lay her eggs wasn’t aware of the excitement she was generating among the scientists, volunteers and beach-goers watching from a distance. They included Donna Shaver, who has workied for more than two decades to save the Kemp’s ridley, an endangered species. Each spring, she counts their nests and collects eggs for safe incubation before releasing the turtles’ tiny offspring into the sea. Shaver knows this year that each nest she spots has added significance: The turtle that created it survived the largest offshore oil leak in U.S. history. While scientists are studying the Gulf oil leak’s effects on other sea turtles, the Kemp’s ridley have been of particular concern. The Deepwater Horizon explosion April 20, 2010, happened when they would have been in the area. At the peak of nesting season, their numbers looked good. As of May 24, 155 nests had been spotted on Texas shores. But because sea turtles don’t reach reproductive age for at least a decade, the full effects of the oil leak might
I
not be known for years. “There is fear that some of the turtles that took the year off from nesting or after the turtles were done nesting during the 2010 year, that they entered the waters where the oil had been present,” said Shaver, explaining the reptiles often forage off the hard-hit Louisiana, Alabama and Mississippi coasts before or after nesting along the Texas Gulf Coast. “There is concern that perhaps those turtles have been impacted from the oil and could then have problems with their reproduction,” she said. The nesting season has long been used to estimate population, and recovery plans for species are based on numbers tallied when females come ashore to lay their eggs. The goal for the Kemp’s ridleys is to have 10,000 nesters a season by 2020. At that point, the sea turtle could be upgraded from endangered to threatened. Shaver has patrolled the Texas beaches since 1980, collecting turtle eggs and bringing them to the National Park Service’s lab at Padre Island National Seashore. When hatching begins, Shaver sleeps on a cot in her office, caring for the tiny turtles as if they were her babies, making sure to release them into the sea at
SEE MORE ONLINE
✔✔Visit SWJournalist.com to view a photo gallery
exactly the right moment. The turtles’ population has long been on the path to recovery. Monitored incubation protects the eggs from predators, and netting covering the silver-dollarsized hatchlings as they make their way from the beach to the water keeps them safe from birds. The program has been so successful, some believed the 2020 goal could be reached early. And so, the oil leak and its potential effects have been even more heart-wrenching, Shaver said. To get an idea of what may come, scientists are collecting extra information this year. Along with counting nests, they’re gathering blood and tissue samples, and sampling hatchlings to see whether oil contamination is being passed from the mother. Toxicologists and contaminant experts will help biologists analyze the information. Scientists also are keeping tabs on the turtles’ habitat, noting that if the crabs or herring they
Please see TURTLES, Page 2
t takes 20 years for them to reach sexual maturity. It may take that long to determine whether the population has been affected
SWJP1-2_622011.indd 2
—ROGER ZIMMERMAN, NATIONAL MARINE FISHERIES
NEW YORK — Fears that the economy is stalling sent the Dow Jones industrial average down 280 points Wednesday, erasing more than a quarter of the stock market’s 2011 gains. Treasury-bond yields fell to 2.95 percent — their lowest level since December — as traders put a higher value on safer investments. Bond yields fall when prices rise. Doubts that built in May about the economy’s strength were compounded by weaker-than-expected reports on manufacturing and jobs. The Institute for Supply Management’s manufacturing index fell to 53.5 in May from 60.4 in April. An index of more than 50 indicates the manufacturing industry is growing, but it had been as high as 61.4 in February. Private employers added 38,000 jobs in May, down from 177,000 in April, according to payroll processor ADP. Analysts had expected 180,000 new jobs. “It looks like this recovery has hit its second ‘soft patch,’ which for a recovery that is less than two years old is troubling,” said Paul Ashworth, chief U.S. economist for Capi-
tal Economics. The manufacturing and jobs reports led several economists to lower their expectations for the year. JP Morgan was among a handful of investment banks that lowered its estimate for GDP growth in the second quarter to 2 percent. The downgrade followed one the bank issued last week. The latest reports on retail sales, first-time applications for unemployment benefits and factory orders will be released today, and analysts say any additional signs of economic weakness could push the market even lower. On the heels of those readings, the Labor Department’s more comprehensive jobs report, including hiring by private employers and the government, will be released Friday. Analysts already are expecting those figures to be worse than they anticipated a few weeks ago. “As far as we can tell, employers have hugely overreacted to the surge in oil prices, which has slowed but not killed consumption,” said Ian Shepherdson, chief U.S. economist for High Frequency Economics. The weak ADP results pushed him to cut his forecast for overall job growth
Please see STOCKS, Page 2
FOREIGN POLICY
U.S., Pakistan form counterterror team
Cooperative efforts to boost diplomacy KIMBERLY DOZIER Associated Press
WASHINGTON — The United States and Pakistan are building a joint intelligence team to go after top militant targets inside Pakistan. The team marks a step toward restoring trust blown on both sides when U.S. forces killed Osama bin Laden during a secret raid in May, U.S. and Pakistani officials said. The move comes after Secretary of State Hillary Rodham Clinton presented the Pakistanis with the U.S. list of most-wanted terrorism targets, U.S. and Pakistani officials said Wednesday. All those interviewed spoke on condition of anonymity to discuss matters of intelligence. The investigative team will be made up mainly of intelligence officers from both
nations, U.S. and Pakistani officials said. The team will use intelligence from CIA analysis of computer and written files the Navy SEALs gathered during their raid on bin Laden’s hideout in Abbottabad. It also will use Pakistani intelligence from interrogations of those who frequented or lived near the bin Laden compound. The formation of the team marks a return to counterterrorism cooperation that has led to the capture of alQaida militants, such as the joint arrest of Khaled Sheikh Mohammed in 2003. The U.S. and Pakistan have been diplomatically at odds since the May 2 raid on bin Laden’s compound. The Pakistanis considered the unilateral action as an affront to their sovereignty, and the Americans were angry to find that bin Laden had been hiding for more than five years
Please see TEAM, Page 2
6/2/11 4:47 PM
—Co