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U.S.
Campaign Money Tests Wisconsin Justices’ Impartiality
The State Supreme Court has scheduled arguments about a financing case that involves groups that spent millions backing some of the justices.U.S.
Massachusetts: Bomb Suspect’s Friend Pleads Guilty to Lying to Investigators
A friend of one of the men accused in the Boston Marathon bombings pleaded guilty Tuesday in federal court to misleading investigators.
Opinion
Cause of Financial Crisis
Phil Angelides, chairman of the Financial Crisis Inquiry Commission, disagrees with a fellow commissioner over the role of federal housing policies.
"The
data shows that Fannie Mae and Freddie Mac followed, rather than led,
Wall Street in expanding subprime lending. Delinquency rates for loans
purchased or securitized by Fannie and Freddie were dramatically lower
than for mortgages securitized by Wall Street. And Fannie and Freddie
mortgage securities, with their implicit government backing,
undisputedly did not cause the losses that cascaded through the big Wall
Street financial firms."
PHIL ANGELIDES
false
An Upbeat Emotion That’s Surprisingly Good for You
Awe, that goose-bumpy mix of fear and wonder, appears to be particularly good for the body.U.S.
Bipartisan Deal on Health Care Issues Hits a Snag Among Senate Democrats
Senator Harry Reid of Nevada and other Democrats have begun to undermine what was poised to be a sweeping bipartisan solution to several policy problems that have long vexed Congress.U.S.
In Menendez Inquiry, Government Renews Push for Friend’s Cooperation
Federal investigators met with lawyers for Dr. Salomon Melgen, the wealthy donor who has given gifts to Senator Robert Menendez, whose lawyers have urged the Justice Department not to bring charges.World
Britain: Labour Leader Starts Bid for Prime Minister
Ed Miliband, leader of the opposition Labour Party, began his campaign on Friday to become Britain’s next prime minister.The Upshot
There’s Just One Problem With Photos on Food Stamp Cards
Under federal law, you sometimes have a right to use a food stamp card that was issued to someone else.World
Kenya: Official Apology for Past Wrongs
President Uhuru Kenyatta apologized on Thursday to the Kenyan people for past wrongs committed by his government and previous ones.Business Day
Amex to Ask for Stay of Ruling Prohibiting Merchants From Promoting Other Cards
A federal judge had ruled the credit card company’s practice of banning retailers from encouraging customers to use lower-cost options violated antitrust laws.Health
Ebola Virus in Latest Outbreak Does Not Show Unusual Mutations, Study Finds
The rate of mutation appears normal, research suggests, and the high death toll stems from where the epidemic erupted, at the intersection of three vulnerable nations.Food
Video: Shaved Vegetable Salad
Melissa Clark uses a mandolin to slice radishes, celery and other vegetables for a salad.World
Video: Keeping Fires Burning in Eastern Ukraine
Avdiivka Coke and Steel in eastern Ukraine has been hit 160 times by rockets and artillery fire, but it is a vital plant and cannot close because of the prohibitive cost of restarting.Opinion
The Field Is Flat
Many people think the Democrats have an advantage heading into 2016. They don’t.Mild Winters and Crank Economics
Neil
Irwin writes about migration patterns within the United States, and
points out that they overwhelmingly reflect just two factors. Most
important, people are moving to places with mild winters:
On top of this,
they’re moving to places with cheap housing, although you need to allow
for the fact that some places are cheap precisely because people are
leaving.
As I pointed out
the other day, this long-term movement toward the sun, in turn,
probably has a lot to do with the gradual adjustment to air
conditioning.
And as I also pointed
out, the search for mild winters can lead to a lot of spurious
correlations. With the exception of California — which has mild winters
but also, now, has very high housing prices — America’s warm states are
very conservative. And that’s not an accident: warm states were also
slave states and members of the Confederacy, and a glance at any
election map will tell you that in US politics the Civil War is far from
over.
The point, then, is
that these hot red states also tend to be low-minimum-wage,
low-taxes-on-the-wealthy jurisdictions. And that opens the door to
sloppy and/or mendacious claims that low wages and taxes are driving
their growth.
This really shouldn’t even be controversial — I think it’s kind of obvious.
Opinion
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