Saturday, September 19, 2015

@8:40, 9/19/15

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1
U.S.

Arizona: Suspect in Custody in String of Highway Shootings

A suspect has been arrested in a string of shootings along Phoenix-area freeways that have kept drivers on edge for weeks, state officials said.

The sniping should stop.

2
Business Day

Video: Fed Announces Unchanged Interest Rates

The Federal Reserve chairwoman, Janet L. Yellen, said that the Federal Open Market Committee had decided to keep interest rates near zero.

http://www.nytimes.com/2015/09/18/business/economy/fed-leaves-interest-rates-unchanged.html

There is no inflation.

http://krugman.blogs.nytimes.com/2015/09/18/the-receding-nairu/

The Receding NAIRU

 
"I began my apprenticeship in economics as a research assistant to Bill Nordhaus, who was working on energy at the time (check the acknowledgments), and one thing I remember was the continual frustration over the failure of alternatives to conventional crude oil to materialize. That’s all changed now, of course; but at the time people used to cite “Weitzmann’s Law”, which said that the cost of alternatives to oil was 40 percent above the current price — whatever the current price happened to be.
It’s hard to escape the sense that something similar is happening now when it comes to estimates of the NAIRU, the lowest level unemployment can reach before inflation becomes an issue. The chart shows the actual unemployment rate versus the FOMC estimate of the long-run unemployment rate (the middle of the “central tendency” until the latest report, which gives us the median). Estimates of how low U can go seem always to be a bit below the current level of unemployment.
Photo
Credit
What’s driving this ever-falling estimate of the NAIRU? The failure of inflation to materialize. And look, it’s better to see the FOMC update in the light of evidence than not. But the truth is that we really don’t know how low unemployment can go, which means that the unemployment rate is not a good reason to tighten. Wait until you see the whites of inflation’s eyes!"


3
Opinion

A Wet Winter Won’t Save California

A new climate reality makes extreme drought more likely.

Growth is not good.
There will be water again.
There will be less water in California.

4
Opinion

The Fed Gives Growth a Chance

By holding steady on interest rates, the Federal Reserve is acknowledging, correctly, that the economy shows no signs of overheating.

 Yes

5
Your Money

Understanding Insurance Policies for Homes in Wildfire-Prone Areas

Many residents in drought-stricken California are being forced from their houses by fires. Here’s advice about preemptive measures you can take to understand, and possibly adjust, your policy.

The first step is to read the policy.

6
U.S.

Court Gives Mixed Decision on Gun Ownership Laws

A federal appeals court struck down as unconstitutional several gun registration laws in the nation’s capital, but upheld other restrictions.

There will be fewer legal guns in Washington D.C.

7
World

Mexico: 2nd Missing Student Identified

The government has said that the students were hauled off buses by corrupt local police officers in the southern city of Iguala and handed over to a drug gang.

There are two identified "Bone fragments" found by the authorities.
The authorities are thought to be corrupt.
The story is not believed. 

8
Opinion

Europe Should See Refugees as a Boon, Not a Burden

Immigrants generally pay more in taxes than they claim in government benefits.

The migrants are being treated as refugees.
They are not allowed  employment.

9
U.S.

‘Regulatory War’ Fought Over a Wyoming Family’s Pond

Andy Johnson’s watering hole has become an emblem for conservatives and local governments fighting the reach of the federal government.

Andy Johnson must remove the violation.
The pond goes.

He must plant trees and get beavers if he wants a pond.

10
N.Y. / Region

Judge Rules That a Dog Visiting a Bronx Apartment Is Not an Illegal Tenant

The case of a Pomeranian dropped off at a family member’s apartment highlighted the long-running battle between tenants and landlords over lease stipulations regarding pets.

A dog habit is a problem in a rental.

11
Business Day

S.E.C. Judge May Have Weakened Justice Dept. Stance in Insider Trading Case

The Justice Department asked the Supreme Court to review an insider trading case, but an S.E.C. administrative judge might have undercut its argument.

Insider trading is regulated and will remain regulated.

12
Sports

Once Again, Mystics Have Liberty’s Number

The Mystics beat the Liberty in three of their four regular-season games and once again in the opening game of their W.N.B.A. playoff series.

http://nytimes.stats.com/wnba/scoreboard.asp
 7:00 PM ET   
 Chicago Sky (21 - 13)
 Indiana Fever (20 - 14)
Preview
 9:00 PM ET   
 Phoenix Mercury (20 - 14)
 Tulsa Shock (18 - 16)
Preview  

http://nytimes.stats.com/wnba/scoreboard.asp?day=20150918



Final - 2 OT 1 2 3 4 OT OT Tot
 Washington Mystics 14 22 19 14 7 10 86 
 New York Liberty 21 15 20 13 7 7 83 
Preview |  Box  | Recap
Final 1 2 3 4 Tot
 Los Angeles Sparks 15 21 13 16 65 
 Minnesota Lynx 22 11 22 12 67 
Preview |  Box  | Recap

13
U.S.

Richard Glossip Execution Halted by Oklahoma Court


14
Science

Tourists Thwart Turtles from Nesting in Costa Rica

During the first weekend in September, day-trippers swarmed the beach in Costa Rica that serves as a nesting ground for Olive Ridley sea turtles, becoming a cautionary tale for conservationists, not to mention a social media sensation.

The tourists can miss the turtles.

One season is not the end of the species.

15
World

Lebanon: Trash Protests Turn Violent

Lebanese police officers beat back protesters with clubs and sticks and arrested dozens on Wednesday in Beirut in the latest confrontations.

Lebanon is discovering the separation of church and state along with civil law.

16
Opinion

Affordable Housing in Distressed Communities

Enterprise Community Partners writes that these communities and their residents need investment in “building blocks of opportunity.”

Paying rent does not build equity.
The poor must avoid paying rent in so far as that is possible.

18
Sports

Colsaerts Sets Pace at Italian Open With a 63

Nicolas Colsaerts had eight straight birdies and finished with a nine-under-par 63 to take the lead in the Italian Open at Golf Club Milano in Monza.

You are possibly in Europe.
Sooner is better.  As soon as you can is best.

19
N.Y. / Region

Nail Salon Owners Sue Cuomo and New York State Over Wage Bond Requirement

The lawsuit said that a rule requiring owners to buy a form of insurance meant to prevent wage theft placed too great a burden on them.

If a business cannot buy the wage bond it cannot pay its workers.
Such a business must not exist.

20
World

Israel Rearrests Palestinian Who Staged Two-Month Hunger Strike

Mohammad Allan, a member of the Islamic Jihad militant group, has resumed his strike, and his legal team is preparing an appeal to the Supreme Court.

The Israeli action looks like attainder.
https://en.wikipedia.org/wiki/Attainder
https://en.wikipedia.org/wiki/Bill_of_attainder
https://en.wikipedia.org/wiki/Basic_Laws_of_Israel
Attainder is not mentioned in the basic laws of the state of Israel.
https://en.wikipedia.org/wiki/Ex_post_facto_law#Israel
The practice of attainder appears useful to the sovereign state of Israel.

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