barclays chairman john macfarlane says he will serve at least another year.b three aars and he indicated that search for his successor is underway. he said "the light at the end of the tunnel gets brighter." a federal judge will announce whether he will approve at&t's it if i dollars takeover of time warner. billion takeover of time warner. an attorney for the two companies say the government failed to make its case. qatar haseign fund of been buying up hotels -- it now made by three european hotels operated by intercontinental. -- eight may == it may buy three european hotels operated by intercontinental. for all of us, live, dead,, live, dead, but for erik, the fed is live. a year ago, we were talking balance sheet dynamics. we do that in europe a lot. why do we not do that so much in the united states? erik: the fed has been good at indicating what they wanted to do, which is bring down the balance sheet in a gradual way and a predictable way. in a sense, give back to the market, the long end of the curve, and then set in motion when they could see opportu