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* * * * * * TUESDAY, DECEMBER 31, 2013 ~ VOL. CCLXII NO. 154 WSJ.com HHHH $2 .00

DJIA 16504.29 À 25.88 0.2% NASDAQ 4154.20 g 0.1% NIKKEI 16291.31 À 0.7% STOXX600 327.13 g 0.2% 10-YR. TREAS. À 8/32 , yield 2.976% OIL $99.29 g $1.03 GOLD $1,203.10 g $11.00 EURO $1.3803 YEN 105.14

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What’sNews

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World-Widen Putin ordered tightened se-curity after a second suicideblast in less than 24 hourskilled at least 14 people in theRussian city of Volgograd. A1nThe FAA chose six sites totest drones, a step towardeventually integrating com-mercial unmanned aircraft intothe U.S. aviation system. A3n Iraqi forces raided and dis-mantled an antigovernmentprotest camp, raising the riskof more sectarian strife. A9n Insurers raced to com-plete enrollments and pro-cess payments under the newfederal health-care law. A4n Kerry plans to propose apeace framework to Israelisand Palestinians. Israel freed26 Palestinian prisoners. A9nCongolese troops quashedan apparent revolt by backersof an ex-presidential candidate,killing at least 60 gunmen. A9nThe U.S. population grewjust 0.72% between July 2012and July 2013, the weakest ratesince after the Depression. A2nAmedical panel recom-mended annual lung-cancerscreenings for many formerand current smokers. A3n A double derailment of agrain train and a crude-oiltrain in North Dakota sparkedfire and explosions. A2nChina identified eight peopleshot dead and a ninth arrestedin a far-west area as terroristscarrying out an attack.A9

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U.S. stocks are set to posttheir best year since

1995, with “plain-vanilla”portfolios outperformingmore complex investments. A1 All 10 of the S&P 500’s sec-tors are set to finish the yearin positive territory. C4 The Dow rose 25.88 to arecord 16504.29 on the year’snext-to-last day of trading. C4 Japanese shares surged57% in 2013, ending the year ata six-year high of 16291.31. C4nCooper Tire halted its saleto India’s Apollo after effortsby Apollo to cut the shareprice. Cooper plans to pursuea $112.5 million breakup fee. B1n Private-equity firms areset to return more than $120billion to investors in 2013,topping last year’s record. C1n China is ending its freezeon initial public offerings, al-lowing five companies to startIPOs beginning Jan. 2. C3n China’s financial systemsteadied as short-term ratesretreated to normal levels. C3n Hertz enacted a share-holder-rights plan to preventinvestors from gaining con-trol of the rental-car firm. B2nCoffee prices tumbled 20%this year, capping the biggesttwo-year plunge in a decade. C1n France’s Sanofi said itwould appeal the FDA’s rejec-tion of its newMS drug. B3n An Indian panel cleared in-vestments by Vodafone andTesco of over $1.5 billion. B3

Business&Finance

In the best year for U.S. stockssince 1995, the smart way to playthe markets has been to follow thedumb money.

So-called dumb-money strate-gies, which involve buying andholding a plain-vanilla portfolio ofU.S. stocks, did much better thanthe more complex approaches em-ployed by hedge funds and otherprofessional investors.

Fueled by easy money from theFederal Reserve and signs of im-provement in the economy, theDow Jones Industrial Averagegoes into the final day of 2013with a gain of 29% once dividendsare included, while the S&P 500index has climbed 32% with divi-dends. Those gains far outpace therally predicted by even the mostbullish Wall Street strategists.

Many hedge funds were left inthe dust, alongside investors whouse “tactical” timing of the mar-kets’ ups and downs and thosewho spread their bets among awide variety of assets such ascommodities, emerging marketsand exchanged-traded funds.

“The more colorful your piechart, the worse you did,” saidLawrence Glazer, managing part-ner at Boston’s Mayflower Advi-sors, which oversees $1.5 billion.

It isn’t always this way with bigstock-market rallies. A more typi-cal year was 2003 when the Dowrose 28% including dividends.That year, the MSCI Emerging

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BY TOMI KILGOREAND TOM LAURICELLA

WinnersOf 2013:BoringInvestors

MOSCOW—A suicide bomberstruck in the southwest Russiancity of Volgograd on Monday,killing at least 14 people in thecity’s second terrorist attack inless than 24 hours and stokingsecurity fears in the countryahead of the Winter Olympics.

Russian President VladimirPutin ordered security to betightened around the country af-ter the second attack, whichcomes less than six weeks beforethe games are set to start in theBlack Sea resort of Sochi. Therepeated bombings, and risk of

additional violence, threaten totarnish an event on which Mr.Putin has staked his personalpride and the country has spent

$50 billion to stage.Russia’s hosting of the games

has already weathered heavycriticism abroad because of therecent passage of a controversiallaw banning gay “propaganda,”which has led to calls for a boy-cott among gay-rights groups.

A top rebel leader in thecountry’s restive North Caucasusregion has called for attacks inthe run-up to the event, and therepeated targeting of Volgo-grad—a city formerly known asStalingrad situated about 425miles from the Olympic site—ap-pears aimed at raising anxietybefore the games, which Russiahas poured significant resources

into protecting. Extensive secu-rity requirements and other lo-gistical challenges have madeSochi less of a draw for foreignvisitors than previous Olympics.

The twin attacks—first at thecity’s central train station and, onMonday, aboard a crowded trolleybus—were the deadliest in thecountry in nearly three years.Though there was no immediateclaim of responsibility, authoritiessaid initial indications suggestedthe blasts were the work of Isla-mist terrorists from the volatileNorth Caucasus region.

“This is about embarrassingthe Russian government and cre-

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BY LUKAS I. ALPERTAND GREGORY L. WHITE

Putin Orders Tighter SecurityAfter Twin Suicide Blasts

DALAN CHAPARA, India—Lalasa Devi saysthat before her attacker grabbed her by thethroat, he snarled “Chamar,” the name of theso-called untouchable caste into which shewas born. “What can you do to me?”

Then he threw her to the ground andraped her, she says.

Ms. Devi, a mother of four in her mid-30s,says authorities treated her poorly when sheregistered a complaint against her alleged as-sailant, who belongs to a high caste in thissmall northern Indian village. Nine monthsafter the alleged rape, the man she accused

is free on bail, and it isn’t clear when a trialwill begin.

“I’m dying of shame,” she said in a recentinterview, covering her head with the cornerof her sari. “All I had was my honor…you losethat, you have nothing.” She authorized TheWall Street Journal to use her name.

Women across India face daunting obsta-cles in pressing sexual-assault allegations. Anunfriendly justice system and fear of socialstigma make many reluctant even to reportsuch crimes, women’s rights advocates say.

Rural, lower-caste women such as Ms.Devi also face pervasive and deeply rooteddiscrimination against those once called “un-

touchables”—now known as Dalits, or op-pressed people. “It’s the mind-set of thedominant castes,” says Deepika, a Dalit-rights activist in New Delhi who uses onlyone name. “To them, raping a Dalit woman isnot a sin.”

A court in the western state of Rajasthanin 1995 acquitted five men of rape, sayingupper-caste men couldn’t have raped a Dalit.The state has asked a higher court to reviewthat case—a request that is still pending.

Attitudes toward Dalits have improvedsince the 1990s, and a wrenching national di-alogue now is under way about sexual as-

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BY KRISHNA POKHAREL AND TRIPTI LAHIRI

‘DYING OF SHAME’

India Rape Cases Colored by Caste

President Barack Obama ex-its 2013 in the weakest politi-cal position of his presidencyand now faces a basic strategicchoice: Does he try to recoverby working with Republicansin Congress, or by confrontingthem heading into next year’s

midterm elections?By almost any

measure, 2013 was,as Democratic pollster PeterHart put it, “a terribly raggedyear” for the president, whosaw his approval ratingsplunge and his agenda stall.One glimmer of light emergedat year’s end, when the twoparties agreed on a deal to set-tle long-festering budget dis-putes through the new year.

That now leaves it unclearwhether Washington is enter-ing a new phase in which thepresident seeks more compro-mises with Republicans tomove at least part of hisagenda through Congress, orwhether he instead strikes outon his own by using executiveaction as a way to advance hisprogram while underscoring hisphilosophical differences withthe GOP on issues such as ahigher minimum wage and ex-tended unemployment benefits.

For most of 2013, Mr.Obama has been unable tomove key proposals such asnew controls on gun sales.Meantime, his indecision onwhether to actively engage inSyria’s civil war has hurt hisimage as a leader as that con-flict festers and Syrian Presi-dent Bashar al-Assad remainsin power.

Worst of all for the WhitePleaseturntopageA7

BY GERALD F. SEIB

ObamaSeeks WayTo RightHis Ship

As the Year Turns, No Sign of a Thaw in U.S.-Afghan Relations

WINTER OF DISCONTENT: Children stood in the snow outside their shelter Monday in Kabul. The U.S. is urging Afghan President Hamid Karzai to signa pact that would allow some U.S. and other NATO troops to remain past 2014 and would clear the way for billions in aid for the impoverished country.

Omar

Sobh

ani/Re

uters

GLENDALE, Calif.—At just 8years old, Glen Bearian, “Meat-ball” to his friends and fans, hasalready become a local legend,his exploits celebrated on T-shirts, tote bags and a popularTwitter feed. On New Year’s Day,he will get nationalattention, whenthis city makeshim the center-piece of its entryin the annual RoseParade.

But while theLos Angeles sub-urb’s flower-fes-tooned float willpresent a nationalTV audience with the upbeattheme “Let’s Be Neighbors,” offcamera, a not-so-neighborly spatis playing out over the use ofMeatball’s name by others look-ing to sell his story.

For Meatball, caught in the

middle, it could all be too muchto bear—that is, if he wasn’t abear.

A 600-pound California BlackBear, to be specific. Meatballmade his first public appearancein March of last year, foragingfor snacks in the trash at homesin a woodsy neighborhood in the

foothills just northof Los Angeles. Heearned his nick-name after he wasspotted eatingfrom a discardedpackage of meat-balls.

“That’s whenMeatball—the leg-end, the myth, thebear—was born,”

says Andrew Hughan, spokes-man for the California Depart-ment of Fish and Wildlife.

Twice, Meatball was trappedand transported to the nearbyAngeles National Forest, once

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BY ERICA E. PHILLIPS

In Southern California, SpatSimmers Over a Trashy Celeb’s Fame

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While ‘Meatball’ the Bear StarsIn Rose Parade, Funders Feud Over Story

Glen ‘Meatball’ Bearian

ANALYSIS

Volgograd

RU SS I A

KAZAKH.

GEORGIA

AZER.ARM.TURKEY

UKR.

Black Sea

200 miles

200 km

SochiC A U C A S U S M T S .

C A U C A S U S M T S .

CaspianSea

Notice to ReadersWSJ.com will publishthroughout New Year’s Day.The Wall Street Journal printedition won’t be published.

TODAY IN PERSONAL JOURNAL

How to Be More RationalPLUS The Year in Sports Photos

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WSJ Year in Review Tragedy, transition and

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