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U.S.
An Arid Arizona City Manages Its Thirst
There is a certain curiosity about the way water is used in Phoenix, which gets barely eight inches of rain a year but is not necessarily parched.
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Business Day
This Week in Small Business: Analytics and Hashtags
Twitter introduces analytics and Facebook introduces hashtags. Old Spock battles the new Spock (in a well-received new commercial). Do you think the cloud is more secure than your own environment?
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Health
Medicare Panel Urges Cuts to Hospital Payments for Services Doctors Offer for Less
A Medicare payment-advisory panel said Friday that Congress should move to cut payments to hospitals for many services that can be provided at lower cost in doctors’ offices.
4
Opinion
Greedy Gardeners
The activists campaigning for urban farms should not forget the wildflowers, bees and butterflies that are critical to our survival.
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Opinion
The Next Storm: New York Prepares, but the Rest?
The Nature Conservancy in New York and the Center for Biological Diversity discuss Mayor Michael R. Bloomberg’s initiative.
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N.Y. / Region
Seeking Exposé, Students End Up in Handcuffs
Two journalists from West Islip High School on Long Island set out to examine school security measures, but they were prosecuted for trespassing and their article was quashed.
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U.S.
Democrats Quietly Renew Push for Gun Measures
Just months after it was defeated in the Senate, delicate talks have begun on a new background-check measure that advocates hope could change enough votes from no to yes.
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N.Y. / Region
Push for Speed Cameras Turns to School Zones
A leader of the State Senate, Jeffrey Klein, is adopting a new strategy to try to build support for a languishing bill to install speed-tracking cameras: limiting cameras to some school zones where speeding is a problem.
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Opinion
Talking Climate Online With David Roberts of Grist
A “very serious person” and “dirty hippy” talk climate change.
10
Books
English Gavels Resound in a Trove Headed to Yale
Yale University has acquired a vast and renowned collection of English lawbooks and legal manuscripts assembled by the barrister Anthony Taussig.
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N.Y. / Region
Bloomberg Plan Aims to Require Food Composting
Mayor Michael R. Bloomberg, who has tried to curb soda consumption, ban smoking in parks and encourage bike riding, is taking on a new cause: requiring New Yorkers to separate their food scraps for composting.
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Business Day
Treasury Auctions Set for This Week
The following tax-exempt fixed-income issues are scheduled for pricing this week.Europe in Depression
I’m in Paris for an economics conference,
opening tonight with what is billed as a debate (although it’s more of a
dialogue) over European economics with Mario Monti. So it’s worth
looking at the ever-valuable Eurostat (pdf) for an update on Europe’s truly remarkable performance since the crisis struck:
Actually, it’s not just the performance — with employment, after a
slight uptick, back to declining 5 full years after the recession began —
that’s remarkable; so is the fact that, as far as I can tell, European
leaders don’t see this performance as a sign that there is anything
fundamentally wrong with their policies, the structure of the euro
system, or both."
Inflation Nation Not
Brad DeLong
has a fairly long, intricate piece keying off what looked like a
prediction by John Cochrane, early in the Great Recession, that the
Fed’s expansion of the monetary base would lead to high inflation. Brad
spends a fair bit of time on various excuses — was it really a
prediction? — but I think that’s beside the main point, which is that
all the people predicting high inflation four years ago were right to do
so, given their models. And the lesson of low inflation — a lesson most of them refuse to learn — is that their models were wrong.
Basically, many people on the right had and have a supply-side view of the slump. This comes in different versions: there’s the view that unemployment benefits and Obamacare are reducing labor supply; there’s the Austrian view that the bubble left us with the wrong capital structure; I suspect there are other versions I’m missing. But under any supply-side interpretation, the Fed’s decision to respond by trying to pump up demand, which it has done by vastly increasing the monetary base, ought to have been inflationary.
Of course it wasn’t — which is what people from my side of the argument predicted in advance, because we recognized that collapsing demand had pushed us into a liquidity trap in which the Fed’s problem was lack of traction, not inflation.
The disappointing thing is, as I’ve already suggested, that almost nobody has been induced by this dramatic failure of prediction — or the similar error on interest rates — to change views, and possibly even concede that the Keynesians might have a point."
Basically, many people on the right had and have a supply-side view of the slump. This comes in different versions: there’s the view that unemployment benefits and Obamacare are reducing labor supply; there’s the Austrian view that the bubble left us with the wrong capital structure; I suspect there are other versions I’m missing. But under any supply-side interpretation, the Fed’s decision to respond by trying to pump up demand, which it has done by vastly increasing the monetary base, ought to have been inflationary.
Of course it wasn’t — which is what people from my side of the argument predicted in advance, because we recognized that collapsing demand had pushed us into a liquidity trap in which the Fed’s problem was lack of traction, not inflation.
The disappointing thing is, as I’ve already suggested, that almost nobody has been induced by this dramatic failure of prediction — or the similar error on interest rates — to change views, and possibly even concede that the Keynesians might have a point."
13
U.S.
Louisiana: One Killed and Five Hurt In Second Chemical Plant Blast
One person was killed and eight people were injured in a chemical plant explosion in Donaldsonville, La., on Friday night, the state police said.
14
Magazine
What Happens to Women Who Are Denied Abortions?
A study that explores abortion’s impact by looking at women who get to the clinic too late.
15
Opinion
Coming Together on Prison Reform
Responses from liberals and others to Richard A. Viguerie’s Op-Ed essay, “Conservative Case for Prison Reform.”
16
Opinion
That Extra Hurdle at the Airport
A new report seriously questions whether the behavioral detection program is objective or worth the cost.
17
World
Another Garment Factory Scare in Bangladesh
A fire at a plant in Ashulia raised new questions about safety conditions less than two months after the collapse of a factory building claimed more than 1,100 lives.
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19
Business Day
The Declining Demand for Husbands
The marriage market might work better if men were more flexible about changing gender roles and more willing to help out with family care, an economist writes.
20
U.S.
Kerry Associate Chosen for Post on Closing Guantánamo Prison
Cliff Sloan, a lawyer with a varied career in government, is expected to be named the next envoy to the military jail on Monday.
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5
Business Day
Treasury Auctions Set for This Week
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7
Opinion
That Extra Hurdle at the Airport
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12
Business Day
The Declining Demand for Husbands
13
U.S.
In Gospel Songs of Yore, Clues to the Speeches of Martin Luther King Jr.
Jonathan Rieder of Barnard College argues that the public Dr. King cannot be understood without understanding how he preached to black congregations.
14
World
4 Dutch Suspects Arrested in Widening Exam Scandal
The posting of one French exam online has broadened into a larger cheating case.
15
Opinion
Release the Facts About the I.R.S. Scandal
House Republicans talk about a White House connection, despite evidence to the contrary. It’s time they released the transcripts from their investigation.
16
Health
Behind Scolding of the F.D.A., a Complex and Gentle Judge
Judge Edward R. Korman, who berated the government for limiting the use of a morning-after pill, calls himself “a compassionate conservative,” but his politics are hard to pin down.
17
U.S.
Fears of National ID With Immigration Bill
Drivers’ license information of most Americans would be accessible through a nationwide computer network if the immigration legislation pending before the Senate becomes law.
18
Opinion
The Faulty Logic of the 'Math Wars'
The “reform” strategy for teaching math that has taken American schools by storm lacks a claim to the progressive values that are its chief selling point.
19
Business Day
In Utah, a Local Hero Accused
A wealthy Web marketer was known for acts of generosity. But the government, which has charged him with defrauding customers, sees him in a different light.
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