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Opinion
Headstone for an Apocalypse
Just across the river from New York City, the looming cliffs of the Palisades are monuments to a global-warming catastrophe.
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Opinion
Marco Rubio's Un-American Dream
Can Republican presidential contenders make immigration reform palatable to the party’s dominant right wing? It won’t be easy.
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World
Giving Troubled Youth a Chance to Leap and Soar
A highly disciplined dance boot camp has become one of the most successful programs for troubled youths in Britain.
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U.S.
Victims’ Dilemma: 911 Calls Can Bring Eviction
Aiming to save neighborhoods from blight and to ease burdens on the police, municipalities have adopted ordinances requiring landlords to weed out disruptive tenants.
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Business Day
Rising Output in Factories Hints at Growth in Europe
Economists said a 0.7 percent increase in productivity indicated that the euro zone countries were rebounding from recession.The Soft Bigotry of Low European Expectations
It really is kind of pathetic to see European leaders claiming vindication
after one whole quarter of positive growth, at the thrilling annual
rate of 1.2 percent. Just to say the obvious: when you’ve suffered a
huge hit to output and employment, you’re supposed to have a long period
of fast growth to make up the lost ground. Otherwise you’re making the
definition of success way too easy.
To illustrate my point, here’s a comparison I’ve been looking at. It’s between Latvia — which is the closest thing we have to an actual austerity success story, since it has been growing fast, even if it’s still far below pre-crisis levels — and another country, which isn’t Latvia. Here’s the chart:
Two big success stories, right? But who is Not Latvia?
Well, it’s the United States from 1929 to 1935; data from the Millennial Edition of Historical Statistics of the United States (Latvia data from the IMF). Strange to say, most of us think America was still living through the Great Depression in 1935.
I know, I know, the Latvians claim that the previous boom was unsustainable, so that they’re actually close to full employment now. We’ll talk all that over at the next Brookings Panel. I just want to make the point that a bit of growth after a deep slump — and for Europe as a whole it’s really only a bit of growth — is not exactly definitive."
To illustrate my point, here’s a comparison I’ve been looking at. It’s between Latvia — which is the closest thing we have to an actual austerity success story, since it has been growing fast, even if it’s still far below pre-crisis levels — and another country, which isn’t Latvia. Here’s the chart:
Well, it’s the United States from 1929 to 1935; data from the Millennial Edition of Historical Statistics of the United States (Latvia data from the IMF). Strange to say, most of us think America was still living through the Great Depression in 1935.
I know, I know, the Latvians claim that the previous boom was unsustainable, so that they’re actually close to full employment now. We’ll talk all that over at the next Brookings Panel. I just want to make the point that a bit of growth after a deep slump — and for Europe as a whole it’s really only a bit of growth — is not exactly definitive."
Ireland Is The Success Story Of The Future, And Always Will Be
Via Mark Thoma, Kenneth Thomas
analyzes the latest attempt to claim that Ireland is a success story —
is this the third or the fourth time around? — and concludes that the
modest fall in unemployment is all about emigration. Actually, we can
reach the same conclusion by going straight to employment data:
Eurostat
This is not exactly a policy triumph.
The one sense in which Ireland has made some progress is that it has somewhat reassured bond investors that its population will continue to sullenly acquiesce in austerity; as a result, Irish 10-year rates, while still at a large premium, are now 60-80 basis points below those of Italy and Spain.
But the repeated invocation of Ireland as a role model has gotten to be a sick joke."
Eurostat The one sense in which Ireland has made some progress is that it has somewhat reassured bond investors that its population will continue to sullenly acquiesce in austerity; as a result, Irish 10-year rates, while still at a large premium, are now 60-80 basis points below those of Italy and Spain.
But the repeated invocation of Ireland as a role model has gotten to be a sick joke."
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Health
Is There Danger Lurking in Your Lipstick?
A new study finds some lipsticks and glosses contain a number of metals, including lead, cadmium and aluminum.
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Opinion
No Banker Left Behind
The Detroit bankruptcy case provides another example of how Wall Street wins.
8
Style
What We Spend to Raise a Child — and What We Don't
Higher income parents spend more on nearly every item with a discretionary component. That adds up to Montessori instead of in-home day care, houses in stronger school districts, and more money spent on activities, travel, and other miscellany that the lower-income child either doesn’t “need” or just doesn’t get.
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Home & Garden
Bring On the Wind and Water
The founder of Architectural Testing made a career out of smashing windows and doors to see if they could take it.
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Arts
Wallpaper Abloom in a Period Room at Brooklyn Museum
A resurgent interest in bold, historical wallpaper is showing up in museums.
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Technology
Hanging Out at the E-Mall
Web entrepreneurs are moving closer to duplicating the real-world feel of a mall, where shoppers can pop in and out of multiple stores, and browse with the advice of friends.
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Health
When the Grandchildren Grow Older, and Closer
Close relationships with adult grandchildren are linked to fewer symptoms of depression in grandparents, new research finds.
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Education
School Standards’ Debut Is Rocky, and Critics Pounce
The Common Core, a rigorous education initiative that has been ardently supported by the Obama administration, is opposed by some as an edict and by others as too hard.
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Your Money
Despite Drop in Commodity Prices, Farmland Values Rise
After the financial crisis, real estate was generally shunned. But global demand and other factors caused farmland prices to surge.
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Business Day
Consumer Confidence Slips From 6-Year High
The data suggested that a recent jump in interest rates, in anticipation of the Federal Reserve’s tapering its bond purchases as early as next month, was starting to weigh on households.
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N.Y. / Region
Seeking Better Teachers, City Evaluates Local Colleges That Train Them
Education schools, both public and private, will be evaluated in a variety of ways, including whether their teachers have been able to increase student test scores.
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U.S.
Thrust Into Nonstop Turmoil, an Obama Adviser Counsels Pragmatism
Susan E. Rice, in her six weeks as national security adviser, has dealt with a terrorist scare, deteriorating relations with Russia and, now, the chaos in Egypt.
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U.S.
As Mental Health Concerns Grow, Veterans Help Veterans
About 1,000 Texans now work as volunteers for the state-financed Military Veteran Peer Network, helping fellow veterans readjust to civilian life.
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Opinion
Assistance for Lawyers
The New York City Bar Association discusses its program to help mentally ill and substance-abusing legal professionals.
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U.S.
Michigan: Unions Lose Right-to-Work Challenge
The state appeals court ruled 2 to 1 on Thursday that the state’s right-to-work law applies to 35,000 unionized state employees, rejecting a lawsuit filed by labor unions.
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Business Day
Divining the Regulatory Goals of Fed Rivals
For supporters of stronger regulation, it comes down to a choice between someone they don’t know, Janet Yellen, and someone they don’t trust, Lawrence H. Summers.
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12
Opinion
Assistance for Lawyers
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Business Day
Third Point Reinsurance Arm Prices I.P.O. at $12.50 a Share
The reinsurance arm of Third Point, the hedge fund run by Daniel S. Loeb, priced its initial public offering at $12.50 a share, at the bottom end of an estimated price range.
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U.S.
Manning, Facing Prison for Leaks, Apologizes at Court-Martial Trial
Trying to gain leniency, the convicted private said that he had not understood the “broader effects” of his actions, but that he did so now.
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N.Y. / Region
Order That Police Wear Cameras Stirs Unexpected Reactions
Mayor Michael R. Bloomberg, often a defender of video surveillance, opposed a judge’s demand for a program in some precincts; the New York Civil Liberties Union, meanwhile, backed the move.
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Arts
Schindler Letter Sells for Nearly $60,000
The letter signed by Oskar Schindler was auctioned along with construction plans for his factory in Krakow, Poland.
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Arts
Every Cat Has Its Day: Hermitage Museum's Mouse Catchers Are Immortalized in Portraits
Since the annual Day of the Hermitage Cat was apparently not enough, Hermitage Magazine commissioned portraits of the cats that patrol the basement of the museum.
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World
Killing of Strikers Alters South Africa Politics
A year after the worst case of police violence since the end of apartheid, the killings have put the African National Congress on the defensive.
20
U.S.
Music Stars Join First Lady to Get Youths Off the Couch
With a new album full of songs focused on exercise and healthy eating, hip-hop artists enlist in Michelle Obama’s battle against childhood obesity.
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Business Day
Divining the Regulatory Goals of Fed Rivals
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8
Opinion
Assistance for Lawyers
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11
Opinion
Crushed by the Cost of Child Care
Day care has become prohibitively expensive not just for the working poor, but for the middle class and upper middle class as well.
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Education
Philadelphia Borrows So Its Schools Open on Time
Philadelphia agreed at the last minute to borrow $50 million just to be able to reopen schools for the fall with minimum staffing.
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U.S.
In God’s Name, or Baby ‘Messiah,’ Competing Claims of Religious Freedom
A Tennessee judge last week forcibly changed a baby’s name from Messiah to Martin. The case raises two questions, one legal and the other religious.
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U.S.
West Virginia: Charges Against Judge Linked to Affair
A judge is accused of having an affair with his secretary and trying to frame her husband for crimes including drug possession, larceny and assault.
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World
Disappearance of Activist Priest in Syria Stirs Fears He Is Dead
There have been unconfirmed reports that the Rev. Paolo Dall’Oglio, who spent years promoting religious dialogue in Syria and championed the uprising, has been killed.
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