1
Opinion
Teaching Liberation to Pakistan’s Girls
We can transform “sex education” from something dirty into a vital tool of progress.
2
World
Nuclear Talks Will Confront Iran’s Future Capability to Enrich Uranium
American negotiators say the key is to leave Iran with a face-saving nuclear structure but one small enough to overcome Congressional objections.
3
The Upshot
How PAC Spending Stays Secret
The American Heartland Campaign PAC adroitly used disclosure rules to mask the financing of ads right before a primary.
4
World
In One Eastern City, Ukrainians Find Battle Hits Too Close to Home
Many near misses from high-explosive mortar rounds have shown the possibility that conditions are in place for pulling the country toward civil war.
5
N.Y. / Region
$350 Million Investment Needed to Open Casino Closest to New York City, Panel Says
A state panel announced capital requirements less than three weeks after 22 entities submitted applications fees of $1 million to be considered as a full-scale casino operator.
6
World
Book Reveals Wider Net of U.S. Spying on Envoys
A book by Glenn Greenwald mentions one incident where Susan E. Rice asked the N.S.A. for help during negotiations with the United Nations Security Council on sanctions against Iran.
7
Business Day
Warnings Along F.C.C.’s Fast Lane
Time and again, when the government tries to insert itself between the Internet and its users, it gets clobbered. This could end up the same way.Al Franken Says FCC Proposed Rules Are "The Opposite of Net Neutrality" 275
Shunting the FCC To the Slow Lane 194
Comcast: Destroying What Makes a Competitive Internet Possible 226
Mozilla Offers FCC a Net Neutrality Plan With a Twist 123
How 'Fast Lanes' Will Change the Internet 192
To Save the Internet We Need To Own the Means of Distribution 338
How the FCC Plans To Save the Internet By Destroying It 217
Netflix Pondering Peer-to-Peer Technology For Streaming Video 114
New White House Petition For Net Neutrality 248
Brazil Approves Internet Bill of Rights 132
F.C.C., In Net Neutrality Turnaround, Plans To Allow Fast Lane 410
European Parliament Votes For Net Neutrality, Forbids Mobile Roaming Costs 148
8
U.S.
Detroit Pension Ballot Poses Tough Choices
Detroit began a crucial stage in the city’s bankruptcy case that allows retirees, employees and bondholders to cast votes on a painful debt-shedding plan.
9
U.S.
Same-Sex Couples in Arkansas Rush to Wed as Court Ruling Provides an Opening
As the attorney general asked the state’s highest court to suspend a ruling striking down the state’s ban on same-sex marriage, some Arkansas county clerks issued marriage licenses to gay couples.
10
Magazine
The Bud Light-ification of Bud
Bringing the marijuana business into the 21st century might make the drug cheaper — and more predictable.
11
Opinion
My Kind of Town?
A reader writes that city dwellers who move to the suburbs can’t expect to have everything they had in the city.
12
Opinion
When Marine Mammals Are Drafted
Readers offer divergent views about the use of dolphins and whales for military purposes.
13
The Upshot
Labor Market Seems Dented, Not Broken
The longer-term outlook for the match between job seekers and vacant positions offers room for optimism.You searched for secular unemployment
13 Results
http://krugman.blogs.nytimes.com/?s=secular+stagnationYou searched for secular stagnation
38 Results
Three Charts on Secular Stagnation
Apologies for blog silence — stuff happened. Right now I’m in Oxford, preparing for a talk tonight on secular stagnation and all that; and I thought I’d share three charts I find helpful in thinking about where we are.
Secular stagnation is the proposition that
periods like the last five-plus years, when even zero policy interest
rates aren’t enough to restore full employment, are going to be much
more common in the future than in the past — that the liquidity trap is
becoming the new normal. Why might we think that?
One answer is simply that this episode has
gone on for a long time. Even if the Fed raises rates next year, which
is far from certain, at that point we will have spent 7 years — roughly a
quarter of the time since we entered a low-inflation era in the 1980s —
at the zero lower bound. That’s vastly more than the 5 percent or less
probability Fed economists used to consider reasonable for such events.
Beyond that, it does look as if it was
getting steadily harder to get monetary traction even before the 2008
crisis. Here’s the Fed funds rate minus core inflation, averaged over
business cycles (peak to peak; I treat the double-dip recession of the
early 80s as one cycle):
And this was true even though there was clearly unsustainable debt growth, especially during the Bush-era cycle:
The point is that even if deleveraging comes
to an end, even stabilizing household debt relative to GDP would involve
spending almost 4 percent of GDP less than during the 2001-7 business
cycle.
Finally, the growth of potential output is
very likely to be much slower in the future than in the past, if only
because of demography:
Suppose that potential growth is one
percentage point slower, and that the capital-output ratio is 3. In that
case, slowing potential growth would, other things being equal, reduce
investment demand by 3 percent of GDP.
So if you take the end of the credit boom and
the slowing of potential growth together, we have something like a 7
percent of GDP anti-stimulus relative to the 2001-7 business cycle — a
business cycle already characterized by low real rates and a close brush
with the liquidity trap.
Predictions are hard, especially about the
future — but as I see it, these charts offer very good reasons to worry
that secular stagnation is indeed quite likely."
14
World
Kerry to Meet Palestinian Leader in First Exchange Since Peace Talks
The gathering will take place as Secretary of State John Kerry travels to London this week for meetings on the Syria crisis and Ukraine.
"Robert M. Danin, a senior fellow at the Council on Foreign Relations, said there was no indication the peace talks were about to resume.
“This
is likely to be a pure bilateral meeting, with Kerry probably
explaining to Abbas that unhelpful unilateral Palestinian gestures will
have consequences for the U.S.-Palestinian relationship, particularly
when it comes to American assistance issues,” Mr. Danin said."
15
World
The Horse at the Heart of Chinese-Turkmen Relations
In addition to valuable natural gas projects, the Turkmen president brought a more glamorous gift for the Chinese president: a rare breed of horse known in China as the “sweats blood” horse.
16
Science
New Neurons Found to Overwrite Old Memories
The loss of childhood memories may be the result of the constant birth of new neurons in the brain, research with rodents suggests.
17
Business Day
16-Year-Old Gets His Way on a High School Film Fest
Adam Faze, a junior at Loyola High School in Los Angeles, created and organized The Loyola Film Festival, which will feature 72 films in four categories on Saturday.
18
N.Y. / Region
The Lasting Legacy of an Unwelcome Pioneer
One of the first black firefighters on Staten Island did not live to see the New York Fire Department change its hiring practices, but he helped bring them about.
19
U.S.
Healed, Landmark Again Beckons: Come On Up. The View Is Terrific.
The Washington Monument reopened after nearly three years of repairs to undo the damage caused by an earthquake in 2011.
20
Business Day
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