1
N.Y. / Region
U.S. Inquiry Reports Bias by the Police in Newark
A federal investigation labeled practices like unwarranted stops discriminatory, and said the Police Department’s practices “have eroded the community’s trust.”
2
Opinion
An Idiot’s Guide to Inequality
If you don’t have time for Thomas Piketty’s comprehensive best seller, here’s a quick five-point take on the gap between the rich and poor.
3
Fashion & Style
Fake IDs, Still Coveted, Are Harder to Get
For under-age drinkers, a phony card is now high tech, and it comes at a high price.
4
Science
Pathogen Mishaps Rise as Regulators Stay Clear
The recent number of mistakes documented at federal laboratories involving anthrax, flu and smallpox viruses have contributed to a debate over lax government oversight at high-level containment labs.
5
N.Y. / Region
Medical Workers Face Scrutiny After Man’s Death in Police Custody
Emergency medical workers who responded were suspended without pay as their hospital and the Fire Department review the incident.
6
World
Sierra Leone: Doctor Leading Fight Against Ebola Catches the Virus
Sheik Umar Khan, 39, hailed as a “national hero” by the Health Ministry for his efforts against the deadly virus, has been transferred to a ward run by Doctors Without Borders.Confirmed, probable, and suspect cases and deaths from Ebola virus disease in Guinea, Liberia, and Sierra Leone, as of 20 July 2014
| New (1) | Confirmed | Probable | Suspect | Totals by country | |
| Guinea | |||||
| Cases | 5 | 304 | 98 | 13 | 415 |
| Deaths | 4 | 204 | 98 | 12 | 314 |
| Liberia | |||||
| Cases | 28 | 77 | 68 | 79 | 224 |
| Deaths | 11 | 56 | 44 | 27 | 127 |
| Sierra Leone | |||||
| Cases | 12 | 405 | 35 | 14 | 454 |
| Deaths | 13 | 182 | 32 | 5 | 219 |
| Totals | |||||
| Cases | 45 | 786 | 201 | 106 | 1 093 |
| Deaths | 28 | 442 | 174 | 44 | 660 |
| 1. New cases were reported between 18 and 20 July 2014. | |||||
7
T:Style
A Ride Across America | In Idaho, Two Sisters Get a 'Truck Farm' Off the Ground
Ben Towill, the co-owner of the Fat Radish, is biking across the U.S. talking to people about food. In Idaho, he meets two twentysomething sisters trying their hand at urban farming.
8
Your Money
Insurance Coverage for Fertility Treatments Varies Widely
From 2006 to 2010, 7.4 million women used infertility services, like an evaluation by a specialist, drug therapy or in vitro fertilization.
9
U.S.
White House Opens Door to Exploring Atlantic for Oil
The Obama administration’s approval of guidelines for seismic searches for oil and gas in the Atlantic Ocean handed the petroleum industry a significant victory over environmental groups.
10
N.Y. / Region
Relaxed Thief Is Videotaped as He Browses
A burglar entered the Red Rabbit, a business that sells healthy meals for schoolchildren, and made off with two laptops and maybe something from the kitchen.
11
U.S.
Watergate and Lessons Not Learned
Deciding whether to impeach President Richard M. Nixon was a defining moment for the congressmen involved, but it failed to become a model for subsequent actions.
12
The Upshot
Not Everyone Is Addicted to Inflation
Even if the goal of looser money and higher inflation has failed to attract much conservative support, market monetarists have achieved most of their policy goals.
The
first step toward recovery is admitting that you have a problem. That
goes for political movements as well as individuals. So I have some
advice for so-called reform conservatives trying to rebuild the
intellectual vitality of the right: You need to start by facing up to
the fact that your movement is in the grip of some uncontrollable urges.
In particular, it’s addicted to inflation — not the thing itself, but
the claim that runaway inflation is either happening or about to happen.
To see what I’m talking about, consider a scene that played out the other day on CNBC.
Rick
Santelli, one of the network’s stars, is best known for a rant against
debt relief that arguably gave birth to the Tea Party. On this occasion,
however, he was ranting about another of his favorite subjects, the
allegedly inflationary policies of the Federal Reserve. And his
colleague Steve Liesman had had enough. “It’s impossible for you to have
been more wrong,” Mr. Liesman declared, and he went on to detail the
wrong predictions: “The higher interest rates never came, the inability
of the U.S. to sell bonds never happened, the dollar never crashed,
Rick. There isn’t a single one that’s worked for you.”
You
could say the same thing about many people. I’ve had conversations with
investors bemused by the failure of the dollar to crash and inflation
to soar, because “all the experts” said that was going to happen. And
that is indeed what you might have imagined if your notion of expertise
was what you saw on CNBC, on The Wall Street Journal’s editorial page,
or in Forbes.
And
this has been going on for a long time — at least since early 2009. Yet
despite being consistently wrong for more than five years, these
“experts” never consider the possibility that there might be something
amiss with their economic framework, let alone that Ben Bernanke, Janet
Yellen or, for that matter, yours truly might have been right to dismiss
their warnings.
At
best, the inflation-is-coming crowd admits that it hasn’t happened yet,
but attributes the delay to unforeseeable circumstances. Thus, in
recent Congressional testimony, Lawrence Kudlow, also of CNBC, warned
about “excess money and a devalued dollar.” However, “Miraculously,
both actual and expected inflation indicators have stayed low.” It’s not
something wrong with my model. It’s a miracle!
At
worst, inflationistas resort to conspiracy theories: Inflation is
already high, but the government is covering it up. The sources
purporting to document this cover-up were thoroughly debunked years ago; among other things, private indicators of inflation like the Billion Prices Index (derived from Internet prices) basically confirm the official numbers. Furthermore, inflation conspiracy theorists have faced well-deserved ridicule even from fellow conservatives. Yet the conspiracy theory keeps resurfacing. It has, predictably, been rolled out to defend Mr. Santelli.
All
of this is very frustrating to those reform conservatives. If you ask
what new ideas they have to offer, they often mention “market
monetarism,” which translates under current circumstances to the notion
that the Fed should be doing more, not less."
"And
the roots of inflation addiction run deep. Reformers like to minimize
the influence of libertarian fantasies — fantasies that invariably
involve the notion that inflationary disaster looms unless we return to
gold — on today’s conservative leaders. But to do that, you have to
dismiss what these leaders have actually said. If, for example, people
accuse Representative Paul Ryan, chairman of the House Budget Committee,
of believing that he’s living in an Ayn Rand novel, that’s because in
2009 he said that we are “living in an Ayn Rand novel.”
More
generally, modern American conservatism is deeply opposed to any form
of government activism, and while monetary policy is sometimes treated
as a technocratic affair, the truth is that printing dollars to fight a
slump, or even to stabilize some broader definition of the money supply,
is indeed an activist policy.
The
point, then, is that inflation addiction is telling us something about
the intellectual state of one side of our great national divide. The
right’s obsessive focus on a problem we don’t have, its refusal to
reconsider its premises despite overwhelming practical failure, tells
you that we aren’t actually having any kind of rational debate. And
that, in turn, bodes ill not just for would-be reformers, but for the
nation."
13
Science
Crash Victims to Undergo Routine Tests, Experts Say
Some of the testing may help illuminate exactly what happened to the jetliner after it was hit by a surface-to-air missile.
14
Your Money
Seeing a Supersize Yacht as a Job Engine, Not a Self-Indulgence
Dennis Jones, owner of a superyacht that helped save a shipyard, says the spending that goes with a lavish lifestyle can do as much good as charity.
15
N.Y. / Region
Greenpoint Commuters, Already Scrambling, Brace for 5 Weeks Without G Train
In a Brooklyn neighborhood, commuters are increasingly aware of their limited public transportation options.
16
Automobiles
Weekend Auto Calendar: Old Parts at an Old Show
The Long Beach Model T Club will hold the 60th annual Vintage & Classic Parts Exchange; Sportscar Championship and Nascar to race at Indianapolis.
17
U.S.
Hospitals
http://www.nytimes.com/2014/07/22/us/johns-hopkins-settlement-190-million.html?mabReward=RI%3A11&src=rec&recp=16
18
U.S.
Political Appointments, Kind of Like High School
State committee assignments in Texas are subject to caprice and power plays, and the latest ones have given clout to a few who may not keep it long.
19
Technology
The Next Big Thing in Hardware: Smart Garbage
The old gadgets are piling up. Is there a way to deal with the formerly shiny new things being dumped in the back of closets?
20
Sports
Former Women’s Boxer Is Killed
The Cleveland poThe Cleveland police said that Cashmere Jackson, a 26-year-old former light welterweight national boxing champion, died after she jumped onto the hood of a car driving toward her after an
The Cleveland police said that Cashmere Jackson, a 26-year-old former light welterweight national boxing champion, died after she jumped onto the hood of a car driving toward her after an altercation.
altercation.
lice said that Cashmere Jackson, a 26-year-old former light welterweight national boxing champion, died after she jumped onto the hood of a car driving toward her after an altercation.
No comments:
Post a Comment