1
I read the review. "Gaia is just a four letter word"
2
Business Day
First Aluminum-Body Ford F-Series Pickup Trucks Come Off Assembly Line
The automaker hopes that the truck will be a hit with consumers and be a step toward reaching new government fuel standards.Sports
Adrian Peterson’s Path to Reinstatement Is Bogged Down in N.F.L.'s Complex Process
Peterson, the Vikings running back suspended during a child abuse investigation, skipped a disciplinary hearing on Friday and had an arbitration hearing scheduled Monday.Business Day
Foreign Imports Erode Sales of South Korean Automakers
South Koreans are buying more foreign-made cars, with German brands leading in sales, after a 2011 trade deal eliminated duties on vehicles from Europe.World
Pope Francis Confirms He Will Visit the United States Next Year
The trip, his first to the country as pontiff, will include an international gathering in Philadelphia. He is also expected to make a stop in New York.World
In Public Land Sale, Not All of Spain Is Buying
There has been a rise in proposed land deals that politicians hope will fill treasuries and that critics see as a possible repeat of a real estate bubble that led to an economic crisis.Technology
Amazon Moves to Extend Cloud-Computing Dominance
Amazon Web Services already has the largest share of the worldwide cloud-computing market, and is looking for ways to expand the range of services it offers.Opinion
The Worst Voter Turnout in 72 Years
Apathy, anger and frustration at the negative tone of the campaigns resulted in the lowest percentage of voter participation since 1942.U.S.
State Department Targeted by Hackers in 4th Agency Computer Breach
The agency was forced to temporarily shut down its unclassified email and public websites after the attack on its computer systems.World
Jean-Claude Juncker Breaks Silence Over Luxembourg Tax Issues
The former prime minister of Luxembourg, now the president of the European Commission, denied that his “ambition was to organize tax evasion in Europe.”N.Y. / Region
Desalination Plan Draws Ire in Rockland County
Opponents of a $150 million plant that would convert the saltwater of the lower Hudson River into drinking water say the project is unnecessary and potentially dangerous.U.S.
In Colorado, Calls to Change a Restaurant’s Name From ‘Illegal Pete’s’
The national debate over the use of the term “illegal immigrant” has fixed on an unlikely lightning rod: the liberal-minded, pro-immigrant owner of a Mexican restaurant chain in Colorado.U.S.
Gov.-Elect Larry Hogan, a Republican, Stands Tall in Democratic Maryland
The perfect political alchemy of low voter turnout, the languid campaign of his opponent and his own strong grass-roots base gave Mr. Hogan a decisive four-point victory.
Wait for the report.
15
Opinion
Peru Prepares to Host Climate Talks as its Indigenous Forest Defenders Die
The resource rush on Peru’s Amazon frontier is exacting a rising toll on indigenous communities, a rights group warns.
Sooner is better. As soon as you can is best.
17
Business Day
Eurozone Eked Out Growth in Third Quarter
The euro economy grew 0.6 percent in the third quarter on an annualized basis, raising concern that the Continent’s troubles will ripple out.Contractionary Policies Are Contractionary
Terrible numbers from Japan.
Probably the drop was overstated — I don’t have any special knowledge
here, but other indicators didn’t look quite this bad. But still, no
question that the ill-considered sales tax hike of the spring is still doing major damage.
Fairly clear now that Abe won’t go through with round two, which is good news.
So contractionary
policy is contractionary. I could have told you that, and in fact have
told you that again and again. But some people still don’t get the
message. In Germany, the Bundesbank president opposes expansionary
monetary policy because it might reduce the pressure for fiscal austerity:
“Such purchases might create new incentives to run up debt, besides adding to the reform fatigue in a number of countries,” he cautioned.
Translation: if EB
purchases of debt keep interest rates down (as the implied promise to do
“whatever it takes” has already been doing), deeply depressed economies
might not feel the need to keep slashing spending to eliminate budget
deficits.
That’s actually quite
an awesome concern to express at this moment. European recovery has
stalled, largely thanks to fiscal contraction; inflation is far below
target, and outright deflation looms; and the political basis for the
European project is coming apart at the seams. And Weidmann worries that
monetary expansion might make life too easy for debtors.
But as Wolfgang Munchau says in a terrific column today,
German economists roughly fall into two groups: those that have not read Keynes, and those that have not understood Keynes.
Wish I’d written that!
Although it’s not so much Keynes as the whole notion that inadequate
demand can ever be a problem that they don’t get. Munchau tells us
something I didn’t know, that Ludwig Erhard “once tried to explain the
Great Depression in terms of cartels.” In the German economics mindset,
there is only microeconomic distortion; macro problems, even in the
middle of Europe’s second Great Depression, don’t exist.
How does this end? We
have to keep pounding on the issues, and I’m reasonably sure that Draghi
and co get it. But with the largest player on the European scene living
in a fantasy world, the best guess has to be that nothing much is done
until there is complete political crisis, with anti-European
nationalists taking over one or more major nations."
http://krugman.blogs.nytimes.com/?s=lowflation six hits
Already in the Lowflation Trap
Dean Baker, reacting to Neil Irwin,
feels that he needs to make the perennial point that zero inflation is
not some kind of economic Rubicon. Below-target inflation is already a
problem, and a very serious problem if you don’t have an easy way to
provide economic stimulus.
Think about it.
Suppose that you have a 2 percent inflation target, but you’ve cut
interest rates close to zero and the inflation rate is 1 percent and
falling. Then you’re already experiencing a cumulative process that will
pull you deeper into the trap unless you get lucky.
How so? Actually, a
couple of mechanisms. As inflation falls, real interest rates will rise,
tending to depress the economy further. Also, debtors will find their
debt growing because inflation isn’t as high as they expected, so that
you have a debt-deflation cycle even if you don’t yet have deflation.
So Europe’s low and
falling inflation isn’t a problem because it might turn into deflation —
it’s a problem because of what it’s doing right now.
Oh, and a word on
Sweden, where the central bank is indeed on the edge of deflation but
say never mind because output is currently growing. Um, does the bank
have an inflation target or doesn’t it? Yes, the economy can expand some
of the time even if inflation is below target — but because the
inflation rate is low, there isn’t as much room to respond to adverse
shocks. So missing the target is a policy failure whatever the current
output indicators.
Anyway, back to Europe: it’s not that something could go wrong, but the fact that it already has gone wrong.
And remember, above
all, that the risks aren’t symmetric. Controlling inflation may be
painful, but we do know how to do it. Exiting deflation or lowflation is
really, really hard, which is why you never want to go there."
Sports
Kevin Harvick Outduels Ryan Newman for Sprint Cup Title
Harvick capped his first season driving for Stewart-Haas Racing with his first Nascar Sprint Cup championship.World
Samantha Power, U.S. Ambassador, Issues Warning on Anti-Semitism in Europe
The ambassador, a top aide to President Obama, made her comments against the backdrop of rising anti-Semitic attacks in Europe,Bergen Belsen Liberation - YouTube
Belsen Concentration Camp's Liberation (1945) WARNING ...
AUSWITCH, , TREBLINKA,BIRKENAU - YouTube
Nazi Concentration Camp Footage - Internet Archive
Nazi Concentration Camps - Original Footage jashaswi1985 ...
. . .
The smell was unforgettable.
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Sports
Expert in X’s and O’s Was Inspired by His Father, a Man of Letters
Steve Lavin has been through painful times as the men’s basketball coach at St. John’s, but he always looks to the lessons his father taught him.| Women's College Basketball | ||
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