1
Education
At Charter Schools, Short Careers by Choice
Charter networks are developing what amounts to a youth movement in which teaching for two to five years is seen as acceptable, even desirable.
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Business Day
Indian Firm to Pay $2.6 Billion to Build Its Stake in African Gas Project
ONGC Videsh, a unit of the India’s state-run Oil and Natural Gas Corporation, says it will acquire a 10 percent stake in a natural gas project in Mozambique from Anadarko Petroleum in an all-cash deal.
3
Magazine
How to Make Jam
Making jam doesn’t have to be a big production. A quick-and-easy guide to the small-batch stuff.
5
Opinion
Treating the Disease, and the Person
Readers react to an Op-Ed article by a medical student.
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N.Y. / Region
Sign-Language Interpreter Uses Newfound Fame to Advocate for the Deaf
Lydia Callis, who rose to unexpected fame interpreting Mayor Michael R. Bloomberg’s statements during Hurricane Sandy, is approaching city organizations about expanding their accommodations for hearing-impaired people.
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U.S.
N.S.A. Said to Have Paid E-Mail Providers Millions to Cover Costs From Court Ruling
A newly disclosed document says the agency apparently compensated the providers for costs incurred after a court ruled that an aspect of surveillance operations violated the Constitution.
8
T:Style
Site to Be Seen | A New Vintage Online Boutique Caters to the Downtown Set
Total Pleasure, a new secondhand e-commerce destination that went live last month, caters to a very niche market with vintage finds like velvet bustiers and pants covered in flames or Mountain Dew logos.
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N.Y. / Region
For Voice of Straphangers, a Journey Without Stops
Gene Russianoff, the public face of the Straphangers Campaign, understands that not everyone in Albany or City Hall or at the Metropolitan Transportation Authority considers him all that adorable.
10
Opinion
Britain’s Furor Over Fracking
Prime Minister David Cameron has championed shale gas. But with next to no public debate, he may have done more harm than good.
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Business Day
Treasury Auctions for the Week of Aug. 26
The following tax-exempt fixed-income issues are scheduled for pricing this week.
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Business Day
A Surprising Reversal for Emerging Stock Markets
Emerging markets are underperforming relative to developed markets to an extent not seen since the Asian currency crisis of the late 1990s.The Asian Crisis Versus The Euro Crisis
So, I’m feeling young again — well, middle-aged, anyway. The rupiah is plunging again!
I was one of those economists for whom the Asian crisis of 1997-1998 came as a disturbing revelation, a demonstration that events all too reminiscent of the Great Depression could still happen in the modern world. Between the acute crises in Southeast Asia and the long stagnation in Japan, it was — or so I thought — all too clear that we did not, in fact, have this thing under control. Unfortunately, not enough people grasped that lesson, and a decade later we had a global crisis that made the Asian crisis look trivial by comparison.
But anyway, the moving finger of crisis seems for the moment to be pointing back at some of the old crowd. And I’m catching up on what’s been going on in that part of the world.
The first thing you want to say is that all the crisis economies — even Indonesia, which had by far the worst time in the beginning — eventually bounced back strongly:
Total Economy Database
This is in stark contrast to the experience of the countries that
seem like the closest parallel to SE Asia this time around, the troubled
euro area debtors. Here’s a comparison of Indonesia after 1997 and
Greece after 2007, with the later years for Greece being the current IMF
projections; the number of years after the pre-crisis peak is on the
horizontal axis:
Total Economy Database, IMF
By this point in the aftermath of the Asian crisis, even Indonesia
was well on the road to recovery; Greece, Spain etc. are still sinking.
What’s worth remembering is that everything people say about why Greece can’t bounce back — structural problems, corruption, weak leadership, yada yada was also said about Indonesia. So why could Indonesia come back while Greece can’t?
Well, two obvious reasons: Indonesia had a currency that it could devalue, and did, massively. This caused a lot of short-term financial stress, but paved the way for export-led growth. And the IMF, after initially pushing austerity policies in Asia, backed off and reversed course; this time around the Troika has been relentless, learning nothing from experience.
Much more on this topic in future posts."
I was one of those economists for whom the Asian crisis of 1997-1998 came as a disturbing revelation, a demonstration that events all too reminiscent of the Great Depression could still happen in the modern world. Between the acute crises in Southeast Asia and the long stagnation in Japan, it was — or so I thought — all too clear that we did not, in fact, have this thing under control. Unfortunately, not enough people grasped that lesson, and a decade later we had a global crisis that made the Asian crisis look trivial by comparison.
But anyway, the moving finger of crisis seems for the moment to be pointing back at some of the old crowd. And I’m catching up on what’s been going on in that part of the world.
The first thing you want to say is that all the crisis economies — even Indonesia, which had by far the worst time in the beginning — eventually bounced back strongly:
Total Economy Database Total Economy Database, IMF What’s worth remembering is that everything people say about why Greece can’t bounce back — structural problems, corruption, weak leadership, yada yada was also said about Indonesia. So why could Indonesia come back while Greece can’t?
Well, two obvious reasons: Indonesia had a currency that it could devalue, and did, massively. This caused a lot of short-term financial stress, but paved the way for export-led growth. And the IMF, after initially pushing austerity policies in Asia, backed off and reversed course; this time around the Troika has been relentless, learning nothing from experience.
Much more on this topic in future posts."
The American consumers have run out of cash.
13
N.Y. / Region
The Ad Campaign: Quinn Highlights Endorsements
Christine C. Quinn’s new ad highlights her editorial-page endorsements by The New York Times, The New York Post and The Daily News.
A Quinnipiac University poll of the New York City mayor's race released Wednesday showed Public Advocate Bill de Blasio firmly in first place with 36 percent of the vote, just shy of the crucial 40 percent threshold necessary for avoiding a run-off with the second place finisher.
The poll found City Council Speaker Christine Quinn in second place with 21 percent and former Comptroller Bill Thompson in third with 20 percent. There was a margin of error of four points, meaning Quinn and Thompson were essentially tied. Quinnipiac also found de Blasio would beat Quinn or Thompson by substantial double digit margins.
De Blasio is up six points from the last Quinnipiac poll, which was released August 13. Quinn dropped three points since that poll and Thompson went down two points. A Wall Street Journal/NBC 4/Marist poll released Aug. 16 showed de Blasio and Quinn tied for first place with 24 percent each."
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World
They Don't Want to Become 'Bravehearts'
Women in Mumbai who had long been empowered and safe on its streets are increasing becoming vulnerable to sexual predators.
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World
Dozens Killed in Attacks Across Iraq
The attacks by insurgents are part of a wave of killing that is the country’s worst bloodshed since 2008 and has called into question the security forces’ ability to protect the country.
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U.S.
Peter Huttenlocher, Explorer of the Brain’s Development, Dies at 82
Dr. Huttenlocher counted synapses, observing how much of the information coming to the brain was discarded as the mind became more efficient.
17
Opinion
Tobacco, Trade Agreements and Public Health
Responses from the Obama administration and others to an Op-Ed article by Mayor Michael R. Bloomberg of New York.
18
Magazine
One Man’s Trash Is Another Man’s Banned Good
Is it wrong to donate a baby crib to charity that another country has outlawed?
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Business Day
Full Time, Part Time, Good Jobs, Bad
Shorter hours or part-time work can be preferable for those dealing with family care and household duties, but such jobs needn’t represent second-class work, an economist writes.
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U.S.
In Paper War, Flood of Liens Is the Weapon
Members of the anti-government “sovereign citizen” movement are increasingly using fraudulent lien filings to retaliate against local officials by overwhelming them with paperwork.Defamation—also called calumny, vilification, or traducement—is the communication of a false statement that harms the reputation of an individual, business, product, group, government, religion, or nation. Most jurisdictions allow legal action to deter various kinds of defamation and retaliate against groundless criticism.
Under common law, to constitute defamation, a claim must generally be false and have been made to someone other than the person defamed.[1] Some common law jurisdictions also distinguish between spoken defamation, called slander, and defamation in other media such as printed words or images, called libel.[2]
Similar to defamation is public disclosure of private facts, which arises where one person reveals information that is not of public concern, and the release of which would offend a reasonable person. "Unlike [with] libel, truth is not a defense for invasion of privacy."[3][not verified in body]. False light laws protect against statements which are not technically false but misleading.[4]
1
Science
Progress in Quest for a Reusable Rocket, and Teleporting Data
Recent developments in health and science news. Also this week: a rotating star provides clues about a black hole and an evolution experiment suggests a path for disease research.
2
N.Y. / Region
Nonprofits Are Balking at Law on Disclosing Political Donors
A debate in Albany over which groups should be exempt from a law on disclosing donors is quickly intensifying, echoing disputes over transparency versus privacy in other states.
3
N.Y. / Region
Council Reverses Bloomberg Veto of Policing Bills
The City Council voted Thursday to greatly increase oversight of the New York Police Department and of its widespread use of stop-and-frisk tactics.
4
U.S.
Making Some Effort, but North Texas Continues to Run the Water
Conservation outreach programs like the E.P.A.’s WaterSense have yet to make a sizable dent in the high household water consumption in North Texas.
5
Science
21st Century Birding
Andrew Farnsworth, the project leader of BirdCast, discusses new methods to aggregate data from birders with the help of modern technology.
6
World
These Walls Speak, Recalling Victims of Violence
A hulking memorial that allows Mexicans to scribble or draw messages about grief and loss has set off of a debate about whether it should be a tribute to all the drug war’s victims or those subjected to abuses by the authorities.
7
Science
Measles-Related Virus Suspected in Dolphin Deaths
A virus could be the reason a large number of bottlenose dolphins have died after becoming stranded on the East Coast, the National Oceanic and Atmospheric Administration said Tuesday.
8
Business Day
Popular Demand
The top titles for single-issue magazine sales in the first half of the year were aimed at women — magazines about fashion, food, service and celebrity.
9
Science
Vein of Iron in South Atlantic
The discovery of a rich plume of iron and other nutrients in the South Atlantic Ocean may mean recalculating estimates of the vital element in the world’s waters.
10
Health
Africa and Pakistan Face Polio Outbreaks, in Blow to Global Fight
The virus is surging in Somalia and the Horn of Africa, and a new outbreak has begun in a part of Pakistan that a warlord declared off limits to vaccinators 14 months ago.
11
Health
Pill Can Prevent Fatal TB in H.I.V. Patients
A daily pill of the drug isoniazid can often fend off fatal tuberculosis in people with H.I.V., according to a large new study.
12
T:Style
Under the Influence | Carmen Almon, The Naturalist
The greatest botanical artist of this century quietly works by hand at her home in the south of France.
13
Opinion
Imagining the Court
How would the Supreme Court have viewed New York City’s aggressive stop-and-frisk policy?
14
N.Y. / Region
Power Out Again? No Storm, but a Cloud of Suspicion
A worker pulled down several power poles on Long Island after taking a boom truck from a transit center, the authorities said.
15
Business Day
Test Finding of Botulism Wrong, New Zealand Says
After a global contamination scare this month, new tests showed that dairy products made by the New Zealand company Fonterra posed no food safety threat.
16
World
Blasts in the Night, a Smell, and a Flood of Syrian Victims
The attack has brought widespread condemnation on President Bashar al-Assad’s government, and it is shaping up as an inflection point for a war that has been grinding on for more than two years.
17
U.S.
A Finicky Thief of the Finest Silver Is Arrested Again
Silver pieces were disappearing from Southern homes when a retired New Jersey detective recognized a pattern and called an Atlanta detective, leading to the arrest of a man believed to be linked to 30 years’ worth of thefts.
18
World
Obama Weighs ‘Limited’ Strikes Against Syrian Forces
President Obama is exploring a range of military actions against Syria designed to “deter and degrade” the ability of President Bashar al-Assad’s regime to launch chemical weapons, officials said.
19
World
Kerry Cites Clear Evidence of Chemical Weapon Use in Syria
Secretary of State John Kerry said Monday that the use of chemical weapons in attacks on civilians in Syria last week was undeniable and that the Obama administration would hold the Syrian government accountable.
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