1
U.S.
Congressman in Drug Case Resigns Seat in Florida
A growing number of prominent Republicans had urged the resignation of their fellow party member, Representative Trey Radel, who pleaded guilty last year to buying cocaine.
2
U.S.
Texas: Candidate’s Daughters Respond to Criticism
The two daughters of Wendy Davis, a candidate for governor, put out an open letter in response to a newspaper article questioning aspects of her account of rising from teenage mother to Harvard Law School graduate.
3
Technology
Verizon Plans to Buy Intel Media Division to Expand Its Television Services
Intel Media was acquired by Verizon, which wants to add TV everywhere there is an Internet connection.
4
Sports
A Blow to the N.H.L.’s Positive Buzz
The brawl in a recent N.H.L. game between the Flames and Canucks reignited the debate about hockey’s place in American sports.
5
Movies
Video: Interview: Terence Winter
The Oscar-nominated screenwriter speaks with Melena Ryzik about "The Wolf of Wall Street" at the Critics' Choice awards.
6
Business Day
Confronting Old Problem May Require a New Deal
Just as now, some in the 1930s feared that unemployment would remain stubbornly high, permanently; the response 80 years ago was the New Deal.
"Perhaps the best argument for government investment to increase jobs and raise demand is that the alternatives seem much worse.
Our current path — set by the Federal Reserve’s huge stimulus
to encourage lending — seems dangerously similar to the wanton credit
expansion that led to the crisis of a few years ago. Trusting it any
further appears foolhardy.
It
would be better to rely on fiscal policy, but the path favored by many
Republicans in the House seems even worse. To slash government spending
and let the economy run its bedraggled course would probably transform
our economic emergency from a painful though temporary setback into a
permanent feature called stagnation.
And yet this is essentially the policy the nation is following."
7
Business Day
Chrysler Reports Robust Fourth-Quarter Earnings
Fiat, the American automaker’s owner, said it would organize its joint operation in the Netherlands and its primary listing would be in New York.
8
N.Y. / Region
Of Course the Condo Has a Gym, but What About a Personal Shopper?
As developers compete over ultra-wealthy home buyers in New York, the list of building amenities is growing longer and quirkier.
9
Sports
This Time, It’s the Devils’ Offense That Stalls
The Devils, who lost 7-3 to the Rangers on Sunday at Yankee Stadium, mustered little offensively in being shut out by the Blues on Tuesday.
10
World
Afghanistan Exit Is Seen as Peril to C.I.A. Drone Mission
American intelligence agencies are concerned that they could lose their air bases used for drone strikes if a final security deal cannot be struck with the Afghan president, Hamid Karzai.
11
World
Syria Talks Fail to Yield Pact to Lift Aid Blockade
Little progress was seen in the third day of talks on authorizing an international convoy to enter blockaded areas in the city of Homs.
12
U.S.
Military Is Asked to Return Guantánamo Inmate to Yemen
A lawyer for Abdel Malik Ahmed Abdel Wahab al-Rahabi, a Guantánamo inmate for 12 years, sought his return to Yemen, but a military profile said there were risks.
13
U.S.
Clinton Calls Benghazi Her ‘Biggest Regret’ as Secretary
Hillary Rodham Clinton’s comments on the attack on the United States Mission in Libya in 2012 that left four Americans dead represent some of her most candid remarks about the episode.
14
Business Day
The Business of Paid Family Leave
Extending the disability-insurance model to help defray the costs of care for children, elderly and sick family members could help employees, with minimal impact on business, an economist writes.
15
Opinion
Alone, Yet Not Alone
How does the inner experience of faith differ from popular perceptions of religion?
16
Business Day
With Eye on Spain, Liberty Said to Join Hunt for ONO
The Spanish cable operator ONO, an enticing prospect for any large telecommunications firm looking to expand in Europe, has reportedly drawn interest from John C. Malone’s Liberty Global media company as well as the British cellphone giant Vodafone.
17
Multimedia/Photos
Video: Times Minute | Inactivity and the Brain
Also on the Minute, peace talks on Syria and "Broad City" premieres.
18
Business Day
U.S. Market Slump Easing; Europe and Asia Still Sliding
Stocks continued to fall in Europe and in emerging Asia-Pacific markets as slowing growth in China and the prospect of less stimulus in the United States raised the specter of capital flight.
1/29
15,738.79
Hedgies Versus Teachers
So one
thing I learned last night is that the right has a new meme: inequality
is the fault of the government — you see, it’s all those overpaid
government workers.
I made the mistake of replying on the
substance, which is that once you correct for education, government
workers are paid about the same as their private-sector counterparts;
basically, government workers are school teachers, which means that they
need college degrees.
But there is a better answer, and a teachable
moment here, which gets at the real nature of inequality in America.
It’s not about overpaid teachers.
Let’s start by looking at the real winners in
soaring inequality — the people who not only make incredible amounts of
money, but get to pay very low taxes (and if you suggest closing their
loopholes, you’re just like Hitler.) According to Forbes, in 2012 the top 40 hedge fund managers and traders took home a combined $16.7 trillion billion.
Now look at those supposedly overpaid government employees. According to the BLS, the median high school teacher earns $55,050 per year.
So, those 40 hedge fund guys made as much as
300,000, that’s three hundred thousand, school teachers — almost a third
of all high school teachers in America.
OK, teachers get benefits, so their total compensation cost is higher than their wage, so maybe it’s only 200,000.
But you should keep numbers like these in
mind whenever anyone tries to shift attention from the one percent (and
the .001 percent) to Americans who aren’t even upper-middle class."
19
World
Mexico: Gang Leader Is Arrested
Dionisio Loya Plancarte, who is believed to handle public relations for the Knights Templar, was found hiding in a closet in Michoacán and arrested, Mexican authorities said Monday.
20
Sports
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