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Business Day
Low Inflation Worries the Euro Zone
Consumer prices in the euro zone barely increased last month, raising fears of deflation and putting pressure on the European Central Bank to take further action.Success, European Style
Since I’m in Ireland, I should give a belated plug to the very good piece by Fintan O’Toole debunking talk about Irish recovery.
It’s kind of amazing, really. Here’s what Ireland’s recovery — both what has happened so far, and what’s likely over the next two years — looks like, according to the European Commission itself:
European Commission
It takes an almost heroic act of denial to look at this chart and see a success story, a vindication for austerity policies.
And for what it’s worth (which isn’t much), Dublin still looks like a depressed city, with a lot of vacant storefronts — although my impressions may be colored by what I know about the macro numbers. Also, hotel rooms are remarkably cheap — good for visitors, but a sign that business remains very slack.
It’s really quite awesome, then, how the slight uptick here and in a few other places is being greeted by the likes of Olli Rehn with victory dances."
http://krugman.blogs.nytimes.com/2014/01/13/youre-all-losers/
"January 13, 2014, 5:18 am 79 Comments
It’s kind of amazing, really. Here’s what Ireland’s recovery — both what has happened so far, and what’s likely over the next two years — looks like, according to the European Commission itself:
European Commission And for what it’s worth (which isn’t much), Dublin still looks like a depressed city, with a lot of vacant storefronts — although my impressions may be colored by what I know about the macro numbers. Also, hotel rooms are remarkably cheap — good for visitors, but a sign that business remains very slack.
It’s really quite awesome, then, how the slight uptick here and in a few other places is being greeted by the likes of Olli Rehn with victory dances."
http://krugman.blogs.nytimes.com/2014/01/13/youre-all-losers/
"January 13, 2014, 5:18 am 79 Comments
You’re All Losers
The other day someone — I don’t remember
who or where — asked an interesting question: when did it become so
common to disparage anyone who hasn’t made it big, hasn’t gotten rich,
as a “loser”? Well, that’s actually a question we can answer, using
Google Ngrams, which track the frequency with which words or phrases are used in books:
Sure enough, the term “losers” has become much more common since the
1960s. And I think this word usage reflects something real — a growing
contempt for the little people.
This contempt surely isn’t limited to Republican politicians. Still, it’s striking how unable they are to show any empathy for people who are just doing their best to make a modest living. The most famous example, of course, is Mitt Romney, who didn’t just disparage 47 percent of the nation; he urged everyone to borrow money from their parents and start a business. I still think the most revealing example to date was Eric Cantor, who marked Labor Day by tweeting:
In a sense, he’s right: if the American dream means getting rich, then $10 an hour isn’t living that dream. But most people aren’t and won’t get rich. Raising the minimum wage would mean higher incomes for around 27 million people; in many cases the gains would amount to thousands of dollars a year, which is really a lot in low-income families. So what are all these people, chopped liver? Well, yes, at least in the eyes of the GOP — or maybe make that chopped losers.
OK, I know what the answer will be: conservative policies will lead to economic growth, and that will raise all boats, the way it did in the days of Saint Ronald. Except, you know, it didn’t. Here’s the real wage of nonsupervisory workers:
Real wage of production and nonsupervisory workers
Even if you give Reagan credit for the 1982-9 business cycle
expansion, which you shouldn’t, there’s no way to claim that his
policies led to higher wages for ordinary workers.
So what is the GOP agenda to help people who aren’t going to build businesses and get rich? There isn’t one — partly because they really can’t reconcile any real agenda with their overall ideology, but also because, deep in their hearts, they consider ordinary people trying hard to get by a bunch of losers."
This contempt surely isn’t limited to Republican politicians. Still, it’s striking how unable they are to show any empathy for people who are just doing their best to make a modest living. The most famous example, of course, is Mitt Romney, who didn’t just disparage 47 percent of the nation; he urged everyone to borrow money from their parents and start a business. I still think the most revealing example to date was Eric Cantor, who marked Labor Day by tweeting:
Today, we celebrate those who have taken a risk, worked hard, built a business and earned their own success.But Marco Rubio’s latest speech deserves at least honorable mention, for the airy way he dismissed the idea of raising the minimum wage: “Raising the minimum wage may poll well, but having a job that pays $10 an hour is not the American dream.”
In a sense, he’s right: if the American dream means getting rich, then $10 an hour isn’t living that dream. But most people aren’t and won’t get rich. Raising the minimum wage would mean higher incomes for around 27 million people; in many cases the gains would amount to thousands of dollars a year, which is really a lot in low-income families. So what are all these people, chopped liver? Well, yes, at least in the eyes of the GOP — or maybe make that chopped losers.
OK, I know what the answer will be: conservative policies will lead to economic growth, and that will raise all boats, the way it did in the days of Saint Ronald. Except, you know, it didn’t. Here’s the real wage of nonsupervisory workers:
Real wage of production and nonsupervisory workersSo what is the GOP agenda to help people who aren’t going to build businesses and get rich? There isn’t one — partly because they really can’t reconcile any real agenda with their overall ideology, but also because, deep in their hearts, they consider ordinary people trying hard to get by a bunch of losers."
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Business Day
Bone-Chilling Cold a Crippling Blow to Air Travel
Airlines canceled 4,400 flights on Monday, bringing the total to more than 17,000 over the last week, as brutal winter weather engulfed much of the country.Click on the map above for detailed alerts or
The key is at the site: http://www.weather.gov/
The colors do not copy on this system.
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Opinion
Another Step Forward on Okinawa
If the United States is to maintain a military presence on the island for the long term, it will have to be responsive to residents’ concerns.
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World
Polio Vaccination Effort in Syria Appears to Have Some Effect
The outbreak of the disease appears to have been contained halfway through an emergency vaccination effort for millions of children in the Middle East.In 2003 in northern Nigeria—a country which at that time was considered provisionally polio free—a fatwa was issued declaring that the polio vaccine was a conspiracy by the United States and the United Nations against the Muslim faith, saying also that the drops were designed to sterilize the true believers.[91] Subsequently, polio reappeared in Nigeria and spread from there to several other countries.[92] Health workers administering polio vaccine have been targeted and killed by gunmen on motorcycles in Kano .[93]
15 cases were confirmed among children in Syria between October and November, 2013 in Deir Ezzor. Later two more cases, each one in rural Damascus and Aleppo, were identified. It was the first outbreak since 1999 in Syria. They were result of difficulties in execution of immunization programs due to ongoing civil war.[94][95] "
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Sports
The Basketball Player’s Guide to the (European) Galaxy
After competing for 25 years in Europe, changing clubs 15 times and living in five countries, Darryl Middleton has advice, a lot of it, to pass along to American players considering a tour abroad.
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Science
Mutant Petunias Sing the Blues
What makes some petunias blue? Researchers have discovered a genetic glitch that produces the different shade, and weakens the plants.
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Sports
Colts vs. Patriots: A Great Rivalry, Now Revised
Since Tom Brady’s first career start more than a dozen years ago, the rivalry between the New England Patriots and the Indianapolis Colts has been must-watch football.
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Science
Video: ScienceTake: Fluorescing Fish
From sea horses that glow red to bright green eels, researchers have discovered 180 species of fish that fluoresce under blue light.
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Opinion
A Flashback to the Reign of J. Edgar Hoover
Four decades later, the Media, Pa., burglars come in from the cold.
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U.S.
As Conjugal Visits Fade, a Lifeline to Inmates’ Spouses Is Lost
Mississippi, one of only a few states to allow conjugal visits, is putting an end to the hour that inmates and their spouses can spend alone together.
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Opinion
Increased Security for Nuclear Materials
There has been progress, but at a nuclear summit meeting in March, world leaders can do more to make the world safer.
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We can only support the refugee population.
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Business Day
France Oil Giant Is Expected to Seek Shale Gas in Britain
It would be the first major oil company explore for natural gas and oil in shale rock in that country.
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N.Y. / Region
City Study Tracks Transfers by Charter School Students
Pupils are not more likely to leave New York City charter schools than their counterparts at traditional public schools, but that is not the case for special education students, a study found.
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Science
Nuclear Materials Report Shows Better Safekeeping
A report on the security of deadly nuclear materials worldwide found steady improvement, but the United States slipped.
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Opinion
Religious Freedom, Secular Forum
A charged debate about segregation of the sexes in Muslim meetings misses the point.
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World
Rising Tide Is a Mystery That Sinks Island Hopes
Lago Enriquillo in the Dominican Republic, the largest lake in the Caribbean, has been rising and rising, devouring tens of thousands of acres of farmland, ranches and whatever else stands in its way.-------------------------------------------------------------------------------------------------------------
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Sports
Blue and White of Duke’s Pep Band Gets a Touch of Gray
When Duke travels to neutral-site games in major cities or when its student band is on winter break, alumni sit in, reliving their undergraduate days.
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Sports
Thousands Gather to Honor Eusebio
Thousands turned out in tribute to the Portuguese soccer great Eusebio in Lisbon, where his coffin was put on public display.
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Style
Diane von Furstenberg to Leave Lincoln Center
The decision by Diane von Furstenberg, the president of the Council of Fashion Designers of America, to leave Lincoln Center amid complaints about its Fashion Week atmosphere suggested the leader might be abandoning ship.
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N.Y. / Region
Vegetable Shopping for a New York Kitchen
Metropolitan Diary: An odd exchange at the Union Square Greenmarket.
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Real Estate
Air Rights: A Cash Bonanza?
Annoying foot traffic intended for a dentist next door, and rules governing rent-stabilized leases are also addressed.
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Fashion & Style
They Want Her on Their Side
Since leaving Facebook in 2010, Brandee Barker has become perhaps the most sought-after image consultant in the start-up world.
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N.Y. / Region
To Congestion-Bound New Jerseyans, Messing With Traffic May Be Ultimate Sin
The revelation that aides to Gov. Chris Christie had deliberately caused backups struck many drivers with a special disgust.
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World
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