1
Technology
From Campaign War Room to Big-Data Broom
By merging voter files with information scoured from the Web, political candidates hope to be able to closely tailor their appeals to each potential supporter.
2
Opinion
Beyond the Brain
Advances in neuroscience promise many things, but they will never explain everything.
3
Opinion
How to Tweet in Mandarin
In the United States, politicians as punch lines is par for the course. In China, the new president as Winnie the Pooh? Oh, no you don’t!
4
Crosswords/Games
Bernardo Recamán's Primes in a Circle Puzzle
An original puzzle from Bernardo Recamán: Place the numbers 1 to 14 around a circle so that both the sum and the (positive difference) of any two neighboring numbers is a prime.
5
World
On Assam's River Islands, Family Planning Clashes Against Religious Tradition
Health workers implementing family planning programs in the northeastern state of Assam struggle against religious traditions, illiteracy, and poverty.
6
N.Y. / Region
City Adds 600,000 People to Storm Evacuation Zones
A revised system, based on hurricane storm-surge data, includes more zones and covers 37 percent of all New York City residences.
7
Opinion
A Second Chance for Ex-Offenders
In another step in the right direction, the E.E.O.C. filed discrimination lawsuits against two companies for denying jobs to people based on criminal records.
8
Booming
Gardening Advice for Aging Bodies, Part 1
Patty Cassidy, a horticultural therapist, answers readers’ questions about container gardens, tools for those with arthritis and more.
9
Business Day
Stocks Slide on Fears of Cuts to Fed’s Bond-Buying Program
The steep market declines on Wednesday underscored the fears circulating through trading desks that the economy is not strong enough to do without the Fed’s support.Previous close value *All charts show local time |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
London Paris Frankfurt Wall Street Tokyo |
|
|
Share Prices
|
Summaries: London | NYSE | Nasdaq | Paris | Frankfurt |
Search share prices by name or symbol*:
|
View
London's top shares by sector
|
||||||||
* In London, New York, Paris, Frankfurt and on Nasdaq.
|
|
|
|||||||
£
|
$
|
€
|
¥
|
||||
£
|
-
|
||||||
$
|
-
|
||||||
€
|
-
|
||||||
¥
|
-
|
||||||
|
|||||||||
price
|
change
|
%
|
|||||||
Brent Crude Oil Futures $/barrel | 102.09 |
-4.03
|
-3.8
|
||||||
West Texas Intermediate Crude Oil Futures $/barrel | 94.99 |
-3.20
|
-3.3
|
||||||
Forex Gold Index(pm fix) $/oz | 1292.50 |
-80.25
|
-5.9
|
||||||
Coffee "C" Futures US cents/pound | 117.75 |
-5.10
|
-4.2
|
||||||
Copper 3mo Unofficial Confirmed $/m tonne | 6790.00 |
-151.00
|
-2.2
|
A Potentially Tragic Taper
I
will be traveling today, so limited blogging (and yes, I’m still in
Yurp, so “today” is Thursday). But I did want to weigh in briefly on the
Fed’s latest, in which Bernanke confirmed that the Fed is getting
significantly more hawkish — based on relatively optimistic forecasts.
My reaction is, this is not good. They might get away with it, but there’s also a serious chance that this will end up looking like a historic mistake.
Bear in mind, first, that the US economy is still deep in the hole, which is especially obvious if you look at employment rather than unemployment:
Aging of the population accounts for some but not much of the fall in the employment ratio; the fact is that we are still a very long way from acceptable employment levels. Meanwhile, inflation remains below the Fed’s target. Maybe the Fed believes that the situation will improve — but as everyone points out, the Fed has been consistently over-optimistic since the crisis began. And for now the economy still needs all the help it can get.
How can the Fed help? With short-term rates up against the zero lower bound, mainly through expectations — by conveying the message that it will wait to tighten, that it will let the economy recover and allow inflation to rise before hiking rates. To use my old phrase, it must credibly promise to be irresponsible.
And what it has just done, instead, is signal that it’s still a conventionally minded central bank.
So what if recovery stalls, and inflation expectations fall even further? Can the Fed turn on a dime, and send a credible message that it really isn’t so conventional-minded, after all? It’s hard to believe; having already shown itself inclined to start snatching away the punch bowl before the party even starts, it has arguably already given away the game.
I know that the latest had overwhelming support on the FOMC; I’m surprised and a bit shocked by that, and worry that we may have seen incestuous amplification at work.
I really hope that the real economy recovers at a pace that makes my fears groundless. But if it doesn’t, I fear that the Fed has just done more damage than it seems to realize."
My reaction is, this is not good. They might get away with it, but there’s also a serious chance that this will end up looking like a historic mistake.
Bear in mind, first, that the US economy is still deep in the hole, which is especially obvious if you look at employment rather than unemployment:
Aging of the population accounts for some but not much of the fall in the employment ratio; the fact is that we are still a very long way from acceptable employment levels. Meanwhile, inflation remains below the Fed’s target. Maybe the Fed believes that the situation will improve — but as everyone points out, the Fed has been consistently over-optimistic since the crisis began. And for now the economy still needs all the help it can get.
How can the Fed help? With short-term rates up against the zero lower bound, mainly through expectations — by conveying the message that it will wait to tighten, that it will let the economy recover and allow inflation to rise before hiking rates. To use my old phrase, it must credibly promise to be irresponsible.
And what it has just done, instead, is signal that it’s still a conventionally minded central bank.
So what if recovery stalls, and inflation expectations fall even further? Can the Fed turn on a dime, and send a credible message that it really isn’t so conventional-minded, after all? It’s hard to believe; having already shown itself inclined to start snatching away the punch bowl before the party even starts, it has arguably already given away the game.
I know that the latest had overwhelming support on the FOMC; I’m surprised and a bit shocked by that, and worry that we may have seen incestuous amplification at work.
I really hope that the real economy recovers at a pace that makes my fears groundless. But if it doesn’t, I fear that the Fed has just done more damage than it seems to realize."
10
U.S.
A 5-4 Ruling, One of Three, Limits Silence’s Protection
The cases involved a criminal suspect’s right to remain silent, judges’ discretion in sentencing, and a lawsuit against trial lawyers over privacy concerns.
11
Technology
Gauging the Natural, and Digital, Rhythms of Life
Companies are starting to use mobile devices to glean a deeper understanding of how behavior, environment and other factors are related to disease.
12
N.Y. / Region
Quinn’s History of Mastering the Insiders’ Game
A review of Christine C. Quinn’s early career in New York City suggests that she has always preferred pragmatism to idealism.
13
U.S.
Where Corn Is King, a New Regard for Grass-Fed Beef
Breeders in the heartland are bringing a change to the beef industry, with grass-fed cattle that take longer to mature but lack added chemicals and hormones.
14
Health
H.I.V. Tests Urged for 800 Million in India
A statistical study suggests that testing all sexually active adults and treating those infected would save lives and be cost-effective.
15
Business Day
How Reliance on Trees Can Help Forests
Tetra Pak, Office Depot and other companies want to make sure that there is nothing illegal or otherwise unseemly about the way the wood used for their products is harvested.
16
Business Day
Travel Security Companies Watch a Volatile World
Whether what’s erupting is a volcano or political unrest, unforeseen events can put travelers at risk.
17
N.Y. / Region
N.Y.U. Gives Its Stars Loans for Summer Homes
Assistance for vacation properties is all but unheard-of in higher education, but New York University has given it to a number of executives and faculty members.
18
Technology
Apple Executive Defends Pricing in Case on E-Books
Eddy Cue, a senior vice president at Apple, denied the government’s charges that the company was working with e-book publishers to raise prices.
19
Opinion
Lawmakers in Albany Should Stay Put
Public financing is at the top of the list of business not finished by New York’s lawmakers.
20
Science
An Invisibility Cloak, a Melting Continent and Angry Legos
Recent developments in health and science news. This week: bending light, disappearing icebergs and emoting figurines.
1
Opinion
'Pandora's Promise' Director and Robert F. Kennedy, Jr., Debate Nuclear Options
Robert F. Kennedy, Jr., calls a film promoting nuclear power “an elaborate hoax.”
2
N.Y. / Region
City Adds 600,000 People to Storm Evacuation Zones
A revised system, based on hurricane storm-surge data, includes more zones and covers 37 percent of all New York City residences.
3
Opinion
A Second Chance for Ex-Offenders
In another step in the right direction, the E.E.O.C. filed discrimination lawsuits against two companies for denying jobs to people based on criminal records.
4
Booming
Gardening Advice for Aging Bodies, Part 1
Patty Cassidy, a horticultural therapist, answers readers’ questions about container gardens, tools for those with arthritis and more.
5
Business Day
Stocks Slide on Fears of Cuts to Fed’s Bond-Buying Program
The steep market declines on Wednesday underscored the fears circulating through trading desks that the economy is not strong enough to do without the Fed’s support.
6
U.S.
A 5-4 Ruling, One of Three, Limits Silence’s Protection
The cases involved a criminal suspect’s right to remain silent, judges’ discretion in sentencing, and a lawsuit against trial lawyers over privacy concerns.
7
Business Day
Ending Poverty by Giving the Poor Money
A conversation with Christopher Blattman, co-author of a study of using cash transfers, rather than earmarked donations, to help poor workers improve their lot.
8
Technology
Gauging the Natural, and Digital, Rhythms of Life
Companies are starting to use mobile devices to glean a deeper understanding of how behavior, environment and other factors are related to disease.
9
N.Y. / Region
Quinn’s History of Mastering the Insiders’ Game
A review of Christine C. Quinn’s early career in New York City suggests that she has always preferred pragmatism to idealism.
10
U.S.
Where Corn Is King, a New Regard for Grass-Fed Beef
Breeders in the heartland are bringing a change to the beef industry, with grass-fed cattle that take longer to mature but lack added chemicals and hormones.
11
Health
H.I.V. Tests Urged for 800 Million in India
A statistical study suggests that testing all sexually active adults and treating those infected would save lives and be cost-effective.
12
Business Day
How Reliance on Trees Can Help Forests
Tetra Pak, Office Depot and other companies want to make sure that there is nothing illegal or otherwise unseemly about the way the wood used for their products is harvested.
13
Business Day
Travel Security Companies Watch a Volatile World
Whether what’s erupting is a volcano or political unrest, unforeseen events can put travelers at risk.
14
N.Y. / Region
N.Y.U. Gives Its Stars Loans for Summer Homes
Assistance for vacation properties is all but unheard-of in higher education, but New York University has given it to a number of executives and faculty members.
15
Technology
Apple Executive Defends Pricing in Case on E-Books
Eddy Cue, a senior vice president at Apple, denied the government’s charges that the company was working with e-book publishers to raise prices.
16
Opinion
Lawmakers in Albany Should Stay Put
Public financing is at the top of the list of business not finished by New York’s lawmakers.
17
Health
Choice of Health Plans to Vary Sharply From State to State
Some states have attracted an array of insurers for their exchanges, while options in other states may be limited.
18
Business Day
Treasury Auctions Set for This Week
The following tax-exempt fixed-income issues are scheduled for pricing this week.
19
Business Day
Regulators Are Divided Regarding Consultants
New York’s chief overseer of financial services is moving to crack down on an industry whose power federal agencies rely on and appear to support.
20
No comments:
Post a Comment