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Style
Infertility Less Likely in Women With Children
The biological effect of age on fecundity is not seen among women who have already had one or more children.
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U.S.
North Carolina: Drug Testing for Welfare Aid Vetoed
Gov. Pat McCrory vetoed a measure on Thursday that would have imposed a drug-testing mandate on some welfare applicants.
GOP madness.
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Business Day
Old Economies Rise as Emerging Markets’ Growth Falters
Economies in Japan and the United States are growing and Europe appears to be easing away from a recession just as growth is slowing in the major developing markets of Brazil, Russia, India and China.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."
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N.Y. / Region
Report Finds a City Incentive Is Not Producing Enough Affordable Housing
“Inclusionary zoning” is producing too few units for low-income New Yorkers, and developers should be required to build more of them, the report says.
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Opinion
Googling ‘Depression’: Clues, but Few Answers
Readers including psychiatrists and an epidemiologist respond to a Sunday Review article.
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N.Y. / Region
When There’s Trouble at Sea, a Captain Sees His Paycheck
Capt. Jack Schachner of White Cap Marine Towing and Salvage, Inc., spends his summer waiting for the heat to lure boaters to the water; then he waits for them to get in trouble.
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Arts
The Virtual World Welcomes Toy Players
Video games and toys, which used to be separate industries, are merging again, led by Activision’s Skylanders, which combines toy figures with a virtual world, and the similar “Infinity,” a forthcoming game from Disney.
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Opinion
What Really Ails Detroit
Detroit’s collapse is indicative of a broader nationwide problem: United States manufacturing has been in trouble since its heyday in the 1950s.
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World
In Move for Economy, Mexican President Seeks Foreign Investment in Energy
President Enrique Peña Nieto proposed opening his country’s historically closed energy industry to private companies so that they might pump for oil.
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Business Day
Foreseeing Trouble in Exporting Natural Gas
Gas producers see profits in exports, but Andrew Liveris, chief of Dow Chemical, wants to block what he considers a squandering of a national resource, and a hit to his bottom line.
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Opinion
Women Redefining Power: ‘Lean In’ and More
Gloria Feldt of Take the Lead, a movement for women’s leadership parity, writes that women are redefining power.
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U.S.
Jean Bethke Elshtain, a Guiding Light for Policy Makers After 9/11, Dies at 72
Dr. Elshtain was a philosopher of politics and religion who wrote influentially about good and evil, war and peace, and the moral imperative of American global military engagement.
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Opinion
Don’t Kill Fannie Mae
Housing financing reform should use the mortgage companies, not destroy them for something completely untested.
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Business Day
Dane Atkinson of SumAll, on Making Pay an Open Book
Dane Atkinson, chief executive of SumAll, a data analytics company, says the pay and ownership stakes of all its employees are listed for the entire staff to see.
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N.Y. / Region
When the New York City Subway Ran Without Rails
In 1870, Alfred Ely Beach, an inventor and publisher, introduced the city’s first subway, which ran in a pneumatic tunnel.
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Business Day
Job and Price Data May Signal the End for Federal Stimulus
A six-year low in new unemployment claims and a rise in consumer prices may be enough to ease concerns among Fed officials, economists said.
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Opinion
Marco Rubio's Unamerican 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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