1
Health
What Housework Has to Do With Waistlines
American women not employed outside the home were burning about 360 fewer calories every day in 2010 than they had in 1965, according to a new analysis, with working women burning about 132 fewer calories at home each day in 2010 than in 1965.
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Business Day
F.A.A. Is Not Ready to Approve 787 Test Flights
Boeing has proposed several fixes for the troubled batteries on its new jetliner, but federal regulators have rejected a request to test them in the air.
3
U.S.
Rivalries Begin to Emerge in a New Seat of Power
Ro Khanna, a Democrat who served in the Commerce Department, is considering a run against Representative Michael M. Honda.
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Your Money
Calling Out the Robocaller
Account Management Assistance offers to reduce credit card interest rates, but satisfied customers are scarce.
5
World
Israeli to Press Obama on Spy
Jonathan Pollard was sentenced to life in prison in 1987 for passing classified material to Israel and is said to be in poor health.
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Business Day
Medicare Needs Fixing, but Not Right Now
New cost-saving methods have kindled hope among some scholars that Medicare could achieve savings just by cleaning out the health care system’s waste.Bernanke of Hippo
In discussing fiscal policy, I’ve been fond of quoting St. Augustine:
“Grant me chastity and continence, but not yet”. Trying to slash the
deficit while the economy is still up against the zero lower bound is a
really bad idea, because it will depress the economy further and hurt
both growth and revenue.
What’s more, there really isn’t any huge urgency about deficit reduction. Borrowing costs are low, and current projections show only a modest rise in the debt-GDP ratio over the next decade. Beyond that there are bigger issues — but these issues don’t have to be solved right away, and should not be used to justify growth-killing austerity now.
But hey, I’m a crazy economic hippie, whom nobody agrees with — except, well, the chairman of the Federal Reserve. Allowing for the constraints of rhetoric that come with his position, Ben Bernanke’s testimony today was highly Krugmanesque:
What’s more, there really isn’t any huge urgency about deficit reduction. Borrowing costs are low, and current projections show only a modest rise in the debt-GDP ratio over the next decade. Beyond that there are bigger issues — but these issues don’t have to be solved right away, and should not be used to justify growth-killing austerity now.
But hey, I’m a crazy economic hippie, whom nobody agrees with — except, well, the chairman of the Federal Reserve. Allowing for the constraints of rhetoric that come with his position, Ben Bernanke’s testimony today was highly Krugmanesque:
Significant progress has been made recently toward reducing the federal budget deficit over the next few years. The projections released earlier this month by the Congressional Budget Office (CBO) indicate that, under current law, the federal deficit will narrow from 7 percent of GDP last year to 2-1/2 percent in fiscal year 2015.8 As a result, the federal debt held by the public (including that held by the Federal Reserve) is projected to remain roughly 75 percent of GDP through much of the current decade.Of course, credentials aren’t dispositive here; Bernanke could be all wrong, failing to understand that if we don’t slash spending now now now we’ll turn into Greece, Greece I tell you. But these remarks should give pause to all the people who imagine that “nobody” except me and a couple of other crazies think that we’re paying far too much attention to short-term deficits."
However, a substantial portion of the recent progress in lowering the deficit has been concentrated in near-term budget changes, which, taken together, could create a significant headwind for the economic recovery … Moreover, besides having adverse effects on jobs and incomes, a slower recovery would lead to less actual deficit reduction in the short run for any given set of fiscal actions.
…
To address both the near- and longer-term issues, the Congress and the Administration should consider replacing the sharp, frontloaded spending cuts required by the sequestration with policies that reduce the federal deficit more gradually in the near term but more substantially in the longer run.
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Opinion
Should Benefits Be Means-Tested?
Readers respond to an Op-Ed article about Social Security and Medicare and a column by David Brooks.
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N.Y. / Region
Father Held in Visa Plot Stretching to Pakistan
Mohammad Ajmal Choudhry was arrested in Brooklyn and accused of filing false immigration documents for a man his daughter said she had been forced to marry in Pakistan.
9
Technology
Nokia Unveils Low-Priced Phones Amid Intensifying Global Competition
Nokia introduced two low-priced basic cellphones and two lower-priced Lumia Windows smartphones in an effort to regain sales in the low end of the fast-growing phone market.
10
Opinion
Two Key Foreign Policy Openings for Obama
The proposed Trans-Pacific Partnership and the U.S. energy revolution create enormous opportunities for America.
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N.Y. / Region
A Musical Pitch to Albany to Raise Minimum Wage
In a video on YouTube, restaurant workers stacking dishes, shaking drinks, chopping onions and plating burritos take a moment to lip-sync and dance along to the 1959 Motown hit “Money (That’s What I Want).”
12
U.S.
Voting Act Challenge Hinges on a Formula
The Supreme Court hears arguments on Wednesday in a case that challenges whether the Voting Rights Act of 1965 reflects changes in voting patterns and the broader culture.
13
World
Settlers in West Bank Shoot Two Palestinians
Jewish settlers confronted Palestinian demonstrators in a West Bank village, according to villagers and an Israeli official.
14
Business Day
A Channel Reflects the Reshaping of TV Demographics
Bounce TV is aiming to reach African-American viewers through broadcast television, not cable.
15
Opinion
Limiting Carbon Dioxide Pollution by Power Plants
President Obama should require existing power plants to reduce their emissions by at least one-quarter by 2020.
16
Health
Is the Pope Frail?
Paying attention to frailty makes sense for the rest of us and our elders.
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N.Y. / Region
Cheap Bus Fare Lures Riders Despite Company’s Troubles
Passengers shrugged off concerns about Fung Wah Bus Transportation, a popular Chinatown bus line, though its fleet was ordered off the road because of safety problems.
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U.S.
I'm Admitted. Now What?
The college admissions season is wearing down, and for the first time in my (quasi) adult life, I don’t know what happens next.
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Business Day
Schwab Promotes Lower Cost of Its Index-Only 401(k)
The reduced cost of the index-only funds are partly offset, though, by a fee for individual investment advice.
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